Weekly Market Snapshot - June 17,2019

By Blockchain.News Official   Jun 17, 2019 4 Min Read

Blockchain.News - Market Update - June 17,2019

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 163.05 bn $9178.71 19.05% 116.87 bn
2 Ethereum ETH 28.65 bn $268.97 13.98% 51.39 bn
3 XRP XRP 18.21 bn $0.43 9.92% 8.28 bn
4 Litecoin LTC 8.46 bn $135.93 16.84% 29 bn
5 Bitcoin Cash BCH 7.67 bn $429.79 12.53% 10.12 bn

Source: Blockchain.News Data and CoinMarketCap, as of 17 June 2019

Coin of the Week

Our Coin of the Week goes to NEO! As of 17 June, NEO is priced at $14.05 with 21.17% weekly price increase! NEO recently announced the new $100 million EcoBoost fund to support the development of NEO ecosystem, and NEO 3.0 is expected to be released by next year! 

Top News to Watch

India Proposed a 10-Year Jail Term for Crypto Dealings

India proposed a 10-year jail term to citizens for crypto dealings, as revealed by BloombergQuint on 6 June. This proposed regulation applies to citizens who buy, sell, mine, deal cryptocurrencies directly or indirectly in India.

Part 1 - Top 10 Blockchain Predictions Everyone Cannot Miss

Blockchain technology is often hyped as the next era of “internet”. However, what is the actual market potential of blockchain technology? Read the following top 10 blockchain predictions and you won’t get confused anymore!

Part 2 - Top 10 Blockchain Predictions Everyone Cannot Miss

Following Part 1, here comes the second half of Top 10 blockchain predictions that everyone should know!

Exclusive: How Turing Award Winner Prof. Andrew Yao Contributes to Conflux Chain in 3 Ways?

Building a scalable public blockchain requires great minds in computer science and cryptography. How does it feel when you have the only Chinese recipient of Turing Award, Professor Andrew Chi-Chih Yao in your team?

Exclusive: Why Sharding is a Bad idea to Solve Blockchain Trilemma?

In Part 2 of the interview, Fan Long shares with us the technical breakthrough of Conflux Chain, including the use of tree graph and directed acyclic graph! Long also compares Conflux Chain with competitors like Algorand and he explained to us why sharding is a bad idea to solve blockchain trilemma!

Exclusive: What are the 7 Keys to Assess IEO Projects?

IEO is undoubtedly the future direction for crypto exchanges in 2019, with 42 ended IEOs raising $266 mn to date. When all crypto exchanges launch their own IEO listing platform, the screening criteria becomes the key consideration in deciding the IEO venue for project teams.

Exclusive: How Turkish Lira Crisis Facilitates OKEx Expansion?

In Part 2 of the interview, Andy Cheung, Head of Operations at OKEx reveals the expansion strategy of OKEx! He first mentioned how OKEx entered the Turkish market with the Turkish Lira crisis, followed by the upcoming target markets in future! Andy also shares his views on how OKEx can contribute in the DATA initiative by CoinMarketCap!

First Physical Bitcoin Futures is Coming? Bakkt Will Begin Testing on 22 July!

The first physical Bitcoin (BTC) futures is coming? The Intercontinental Exchange’s pending bitcoin platform Bakkt recently announced user acceptance testing (UAT) on BTC futures on 22 July. The UAT includes the listing and trading of BTC futures at ICE Future U.S. and clearing at ICE Clear US, as written by the COO of Bakkt, Adam White on 13 June.

McKinsey: Retails Banks Remain Nervous and Cautious to Embrace Blockchain

The global management consultancy firm McKinsey & Company argued that blockchain adoption remained slow, as reported by Bloomberg on 7 June. Compared to investment banks, retail banks remain nervous and cautious to embrace blockchain due to tight regulations and conservative customer environment.

Nasdaq Launched Institutional Crypto Pricing Product with CryptoCompare

The second-largest stock exchange, Nasdaq partnered with crypto data provider CryptoCompare to launch a cryptocurrency pricing product called “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices” targeting institutional investors, as revealed by Cointelegraph on 11 June.

CCN Took a Full U-Turn on its Shutdown Decision

Cryptocurrency news outlet CCN.com has U-turned its previous decision of shutdown, revealed by the Founder Jonas Borchgrevink in the website 12 June.

2016 and 2017 were the Growth Peak for Blockchain Patents, Says Wither & Rogers LLP

The surging number of blockchain patents over 2016 and 2017 accounted for 60% of total blockchain patents, as reported by the British media outlet Compelo on 5 June.

IBM and Nornickel Set Up Blockchain learning Center

The global tech giant IBM has a partnership with Russian metal producers yesterday introduced education program for Block Chain.

End of XRP? Visa Launched B2B Payment Network Powered by Hyperledger Fabric

Visa has launched a network called “Visa B2B Connect” which aims to facilitate cross-border transactions among financial institutions, Reuters reported on 11 June.

Week Ahead

Romania Blockchain Summit
Date: 21 - 22 June
Venue: Palace of the Parliament, Bucharest
Theme: Romania Blockchain Summit is the first and largest Summit held in South-Eastern Europe. It is a 2-days event gathering Romanian public sector, political decision-makers, developers, researchers, global entrepreneurs and leaders, and innovators from the blockchain space.

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