Weekly Market Snapshot - June 24,2019

By Matthew Lam   Jun 24, 2019 5 Min Read

Blockchain.News - Market Update - June 24,2019

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 189.79 bn $10676.26 17.3% 123.37 bn
2 Ethereum ETH 32.49 bn $304.76 12.86% 46.50 bn
3 XRP XRP 19.42 bn $0.46 6.67% 11.61 bn
4 Litecoin LTC 8.44 bn $135.37 -0.71% 25.86 bn
5 Bitcoin Cash BCH 8.41 bn $471.15 9.79% 12.12 bn

Source: Blockchain.News Data and CoinMarketCap, as of 24 June 2019

Coin of the Week

Our Coin of the Week goes to Bitcoin! As of 24 June, BTC is priced at $10,855.37 with 19.53% weekly price increase! Will BTC reach $13,000 this week?

Top News to Watch

Libra Coin: A New Era of Denationalization of Money?

A deeper dive in Facebook's Libra coin and its potential impact on dollarization and denationalization of money.

Why Facebook's Libra Is Not A Real Cryptocurrency

Facebook on Tuesday announced its Bitcoin rival called Libra, a cryptocurrency created by a Facebook subsidiary called Calibra that will be managed by an oversight body called the Libra Association. The Libra coin will not be available immediately, as the announcement only covers the vision and technology behind the Facebook blockchain. But the company says Libra will be private, mostly.

Can Facebook Address Privacy Concerns on Libra 16 July?

Can Facebook address privacy concerns on Libra? The Senate Banking Committee will hold a hearing titled “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations” on 16 July, as reported by MarketWatch on 19 June.

A Clear Bullish Sign? Open Interest of BTC Future Hit All-Time High

The Chicago Mercantile Exchange (CME) Group revealed the surging open interest of Bitcoin futures (BTC) by a record of 643 contracts in a single day and it also hit all-time high of 5,311 contracts on 17 June.

Exclusive: Why Everipedia is Built on EOS, but not Ethereum?

Wikipedia Co-Founder Larry Sanger is happy to embrace the changes in online encyclopedia with blockchain. Joined in Everipedia as Chief Information Officer (CIO) Dec 2017, Larry shares to our readers why Everipedia is built on EOS instead of Ethereum! He also mentioned 4 advantages of blockchain on encyclopedia, yet efficiencies are not the main advantage!

Exclusive: Will Everipedia Replace Wikipedia in Future?

Following Part 1 of our interview, Larry took a deeper dive in Everipedia in terms of governance model, staking mechanism and public awareness. He also addressed the question that have drawn widespread curiosity of public: Will Everipedia replace Wikipedia in future?

How Stablecoins Address Volatility?

An overview of the Stablecoins, roles, impact in the crypto market.

What are the Top 5 Blockchain Incubator Programs in Hong Kong?

Since the end of last year, PwC collaborating with Hong Kong Blockchain incubator Loopnest to launch a joint blockchain-themed accelerator programme (“the Programme”). Hong Kong has accelerators and incubators focused on different verticals for startups to innovate and scale their businesses. We will introduce all the blockchain related incubators in Hong Kong in this article.

The Australian Central Bank: No Cryptocurrencies are Money in Australia!

The Australian Central Bank – Reserve Bank of Australia (RBA) said that the volatility and scalability problems are the obstacles for mass adoption of Bitcoin in Australia, according to the paper published on its website 20 June.

Steemit & Dtube: Social Networking, Blogging, and Video Sharing in the Blockchain Era

Steemit and Dtube allow users to be rewarded for sharing content. These social media networks are decentralized and censorship-resistant.

How to Leverage FinTech Opportunities in Africa?

Insights from Paxful on FinTech opportunities in Africa!

First of Many? Binance Launched Bitcoin-Pegged Token on Binance Chain

A Bitcoin stablecoin is coming? On 16 June, Binance announced that a Bitcoin-pegged token will be launched on Binance Chain and proposed for trading on Binance DEX.

Exclusive: Why IEO is More Sustainable for Crypto Exchanges?

The key element to an IEO is to partner with an exchange, or multiple exchanges, to function as the distributor of tokens.

Week Ahead

NEXT BLOCK CONFERENCE ASIA
Date: 25 - 26 June
Venue: 106 North Sathorn Road, Silom, Bangrak, Bangkok 10500 Thailand
Theme: NEXT BLOCK is a Bangkok-based two-day business conference that cover areas included blockchain, finances, and cryptocurrency in both Asia and Europe. The conference is co-hosted by Krypton Events and CoinAdvice, and gather over 750 professionals from crypto, blockchain and finances space. Our content manager, Matthew Lam will be the moderator on "How Traditional Finance Can Help Crypto Gain Trust and Adoption" on 26 June.


The 5th Asia Future Fintech Innovation Conference
Date: 26 - 27 June
Venue: Renaissance Caohejing Hotel, No.397 Tianlin Road, Xuhui District, Shanghai
Theme: Blockchain company DECENT today announced the 5th Asia Future Fintech Innovation Conference, aimed at providing a platform for the development of financial and high-tech industries. The event, taking place on June 26-27 at the Renaissance Caohejing Hotel in Shanghai, China, will focus on digital banking, financial information security, and the benefits of consolidating blockchain technology in finance. Our CEO, Kun Hu will be presenting his findings on large-scale blockchain adoption!

Blockchain Summit London
Date: 26  - 27 June
Venue: 12 Blythe Rd, Hammersmith, London W14 8UX, UK
Theme: Blockchain Summit London is one of the biggest blockchain event in Europe, it is a London based two days conference that gather industry leaders, top management and technical experts to discuss and exchange idea on the commercial side as well as the technological aspect of blockchain and distributed ledger technology (DLT). Some of the highlights for Blockchain Summit London included “real-world” case studies from companies implementing blockchain tech and interactive program with speakers roundtable discussions and exhibitor demo talks, and more.


About the author

Matthew Lam
I believe the true value of cryptocurrencies is the underlying blockchain technology. The development of CBDC, DeFi, blockchain standardization are the key trends to watch in 2020!




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