Weekly Market Snapshot - May 20,2019By May 20, 2019 6 Min Read
Blockchain.News - Market Update - May 20,2019
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||141.01 bn||$7961.57||13.25%||170.06 bn|
|2||Ethereum||ETH||26.63 bn||$250.93||33.17%||83.64 bn|
|3||XRP||XRP||16.93 bn||$0.4||27.36%||23.47 bn|
|4||Bitcoin Cash||BCH||7.21 bn||$405.06||14.18%||20.52 bn|
|5||EOS||EOS||5.78 bn||$6.34||17.99%||20.62 bn|
Source: Blockchain.News Data and CoinMarketCap, as of 20 May 2019
Coin of the Week
Our Coin of the Week goes to Ethereum! As of 20 May, XEM is priced at $251.24 with 38.87% weekly price increase! EDF, the fifth largest electrical utility company has launched its visual simulator software GPUSPH on iExec, a dApp operated on the Ethereum mainnet. Will the price of Ethereum surge further?
Top News to Watch
Hyperledger Introduced Hyperledger Aries for Interoperability Enhancement
Hyperledger announced in its official blog post introducing its 13th project Hyperledger Aries: the infrastructure for blockchain-rooted, peer-to-peer interactions.
Kakao to Release Klaytn Mainnet in June 2019
Ground X – the blockchain development division of South Korean internet giant Kakao Corp announced that it will launch the Klaytn mainnet on the 27 June 2019. This announcement was made at the Consensus 2019 on 13 May.
Exclusive: 2 Key Challenges to Peg Gold Stablecoins
In storage of value, financial professionals will think of physical gold whereas crypto community will think of stablecoins. How about a combination of gold and stablecoins? Geoffrey Cher, Business Development Lead of Digix, revealed the 2 key challenges to maintain the peg with gold using stablecoins! He also shared with us the enormous potential of digital gold given 2 pain points in physical gold purchase!
Huobi Joined the OTC Trading Race, Who Will Win?
Huobi launched a regulated over-the-counter (OTC) service for institutional investors. The newly launched OTC service supports both fiat-to-crypto and crypto-to-crypto transactions, covering USD, GBP, EUR, BTC, ETH, and other cryptocurrencies.
Exclusive: Why Fractional Property Ownership is a Double-Edged Sword?
The emergence of blockchain has revolutionized the real estate market by enabling fractional property ownership, which retail investors can access to real estate investments without huge capital restrictions. However, Natalia Karayaneva, CEO of Propy, revealed to us why fractional property ownership is a double-edged sword! She also indicated the 4 key pain points of property market which can be addressed by blockchain!
Build a Blockchain PoC Application using Hyperledger Fabric (Part 1 of 2)
A practical guide for blockchain application developers leveraging Hyperledger Fabric platform - Part 1.
Build a Blockchain PoC Application using Hyperledger Fabric (Part 2 of 2)
A practical guide for developing blockchain applications leveraging Hyperledger Fabric - Part 2.
Has Mimblewimble left you tongue-tied? Unravel the mysteries of the protocol...
Mimblewimble is a protocol that increases privacy of transactions without having any impact on the verification process and scalability. Learn more about Mimblewimble and what it has to offer and get a glimpse of the future of blockchain technology.
Exclusive: 3 Regulatory Challenges to Detect Crypto Insider Trading
Apart from the interesting answer in crypto valuation, Clemen also shared with us the key challenges for regulators in detecting insider trading for cryptocurrencies. He also revealed that 2019 is the year of IEO!
Bakkt will Launch BTC Futures Testing in July 2019
According to Bakkt’s latest Medium post, Bakkt will collaborate with its parent company Intercontinental Exchange (ICE) to launch bitcoin futures on the federally regulated futures exchange in the coming months. The newly launched bitcoin futures contracts are developed by Bakkt in conjunction with ICE Futures U.S. and ICE Clear US, with the user acceptance test (UAT) for BTC futures custody and trading starting July 2019.
Exclusive: How Government Can Drive Blockchain Adoption in Real Estates?
In Part 2 of our interview, Natalia shared with us how governments can drive blockchain adoption in real estates! From the successful example of Vermont, we also learn from Natalia on the key challenges for blockchain to go viral in the United States!
What are the 3 Proposed Changes in "Token Taxonomy Act of 2019" ?
United States H.B. 2144, known as the "Token Taxonomy Act of 2019," proposes changes regarding tax and securities regulations. Such changes include: amendments to the definition of a security, creation of a tax exemption for exchanges of one virtual currency for another, and creation of a de minimis exemption from capital gains realized from a sale or exchange.
What Transformations will Blockchain Bring by 2020?
Blockchain is the new electricity and the biggest invention after the emergence of the Internet. Now it is the most disruptive distributed technology, used to conduct secured transactions, carried out in a decentralized manner. Although this technology has been introduced with Bitcoin and is commonly associated with cryptocurrencies, it is currently getting more and more attention in many industry and governance sectors. Many EU Member States have launched initiatives to this end, and large IT giants already offer Blockchain solutions to customers. Here are just a few examples: IBM is developing a blockchain-based payment system, Amazon plans to include blockchain in their AWS suite of applications, and Microsoft already provides "Blockchain as a Service" on their cloud platform Azure.
Beware of the "Global FOMO" on Bitcoin's New Rush
Bitcoin is rushing, so let’s take a quick look at what the industry might be thinking at the moment. Bitcoin is up 30% in the last week, reaching US$8000, the highest price point since July last year, and a doubling in price since mid-December 2018. Bitcoin has strengthened relative to altcoins, and BTC market dominance is now up to 60%.
Exclusive: Why Proof of Provenance is Essential for Gold Stablecoins?
In Part 2 of our interview, Geoffrey explains why Proof of Provenance is so important for gold stablecoins! He also cleared up the confusion of the two tokens in Digix ecosystem:DigixDAO token (DGD) and Digix Gold token (DGX)!
Blockchain.News: Can Bitcoin Sustain Its Positive Price Run? How does it affect miners?
Date: 23 May 2019
Venue: Genesis Block, 1/F, Kwong Wah Mansion, 269-273 Hennesy Road, Wan Chai · Hong Kong
Theme: Co-hosted by Blockchain.News and Genesis Block, we look at the surging BTC price and its impact on mining. The price of BTC surges over 100% in the last two months, does it mean that the cryptocurrencies bull market has arrived? On the other hand, the mining giant - Bitmain cut 88% of mining production. What is the implication on BTC price?
Malta AI and Blockchain Summit 2019
Date: 23 - 24 May 2019
Venue: Hilton Hotel, Malta
Theme: Malta is dubbed as the “Blockchain Island” in 2018 with its friendly stance towards blockchain and cryptocurrencies. The Malta AI and Blockchain Summit Spring Edition rides beyond the hype in 2019, which gathers all professionals to explore the future of artificial intelligence (AI) and blockchain. Held in Hilton Malta 23 – 24 May, the summit gathers more than 5000 attendees, with over 300 exhibitors and 700 investors!