Weekly Market Snapshot - July 02,2019By Jul 02, 2019 4 Min Read
Blockchain.News - Market Update - July 02,2019
Here is what you need to know about the crypto market last week!
Weekly Snapshot of Top Crypto
|#||Coin||Symbol||Market Cap.||Price (US$)||Price % (7D)||Trading Vol. (7D)|
|1||Bitcoin||BTC||183.09 bn||$10290.58||-7.73%||203.08 bn|
|2||Ethereum||ETH||30.59 bn||$286.66||-8.05%||72.62 bn|
|3||XRP||XRP||17.05 bn||$0.4||-14.36%||13.37 bn|
|4||Litecoin||LTC||7.38 bn||$118.1||-13.03%||31.78 bn|
|5||Bitcoin Cash||BCH||7.3 bn||$408.35||-14.58%||15.28 bn|
Source: Blockchain.News Data and CoinMarketCap, as of 02 July 2019
Coin of the Week
Our Coin of the Week goes to Polkadot! Polkadot’s managing partner Web3 Foundation (W3F) claimed that all 500,000 DOT tokens are sold out with a 1.2 bn valuation! The bull market of blockchain investments is coming?
Top News to Watch
Goldman Sachs May Follow JP Morgan to Launch Own Cryptocurrency
Goldman Sachs will launch its cryptocurrency soon? During the interview with French news source Les Echos on 27 June, Goldman Sachs CEO David Soloman said that the company is performing extensive research on tokenization, with the possibility to follow JPMorgan Chase launching their own cryptocurrency.
CoinMarketCap Made its First-Ever Acquisition for Price Transparency
The leading crypto data provider CoinMarketCap has revealed its first-ever acquisition on Hashtag Capital, as revealed in the official blogpost on 26 June. Hashtag Capital was an absolute returns cryptocurrency trading fund, which is determined to provide the “true price” of markets as part of its fund management. Besides, its mission was to reflect every asset accurately by taking all points of available liquidity into account.
Beating Bakkt? LedgerX Gained CFTC Approval in Physical-Settled BTC Futures
The Commodity Future Trading Commission (CFTC) approved the cryptocurrency asset management platform – LedgerX to offer physical settled BTC futures.
Kaspersky: 80% of People Have Never Purchased Cryptocurrency
Four in five people have never purchased cryptocurrency, according to the survey published by Russian cybersecurity firm Kaspersky.
Fostering Blockchain and Cryptocurrency Adoption with Cross-Chain Technology
Many people have the misconception that solving blockchain scalability will immediately pave the way for the mass adoption of cryptocurrencies. But the truth is that there are other challenges like regulatory compliance, volatility, interoperability, etc that need to be addressed before crypto goes mainstream. Regarding interoperability, individuals can easily move tokens across different blockchains and also benefit from blockchain specific features of the blockchains in question. This helps to save time and money that would have otherwise been wasted if each blockchain had to evolve in isolation.
Event Rating: Next Block Asia Conference, Bangkok
Held in W Hotel, Bangkok 25-26 June, the Next Block Asia Conference gathers over hundreds of blockchain and financial professionals in connecting the world of crypto and traditional finance. Check out our rating for this event!
Ethereum Hit 1 million Daily Transactions since May 2018
As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018.
Craig Wright Failed to Disclose his Bitcoin Holdings in Court Case
The self-proclaimed Satoshi Nakamoto, Craig Wright had failed to list his bitcoin holdings per the court order. Wright is the defendant in the Bitcoin theft case filed by the estate of David Kleiman, as revealed by the tweet written by Lawyer Vel Freedman.
1.2 Billion Valuation? Ethereum Co-founder’s Polkadot Completed Private Token Sale
Powered by the Web 3 Foundation, the blockchain interoperability protocol Polkadot completed its private token sale with an valuation of $1.2 bn, as reported by CoinDesk on 27 June.
Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020
All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June.
Facebook Libra: The Latest Crypto Used in Illegal Financial Activities?
“With the evolution of virtual currencies and new marketplaces, nefarious actors are continuously adapting to find new ways to engage in illegal financial activity.” said U.S. Representatives Emanuel Cleaver, during the briefing with Financial Crimes Enforcement Network (FinCEN) on 27 June.
Malaysia’s Prime Minister Seeking a New Gold Standard
Reportedly Malaysia’s Prime Minister Dr Mahathir Mohamad indicated that he is agreeable to a single currency for the East Asian region backed by gold but critically it would not become the national cash of any current nation.
What are the 4 Key Takeaways from Next Block Asia?
Held in W Hotel, Bangkok 25-26 June, the Next Block Asia Conference gathers over hundreds of blockchain and financial professionals in connecting the world of crypto and traditional finance. Day 1 of the Next Block Asia Conference focused on crypto and blockchain whereas day 2 focused in traditional finance.
Blockchain Summit Latam Mexico 2019
Date: 4 - 5 July
Venue: Crowne Plaza Hotel de Mexico, Dakota 95, Colonia Napoles, Mexico City
Theme: Blockchain Summit Latam (BSL) is held 4-5 July, Mexico City. This event connects Latin America and rest of the world in regard to technology, applications, development, business aspects of blockchain and digital assets.