Market Analysis Report

17 June 2019

Microsoft looks to Add Ripple to its Azure Blockchain Toolkit

MircroSoft is looking to add the Ripple interledger Protocol to its Azure cloud computing services blockchain toolkit. Microsoft has already incorporated Ethereum into its blockchain as a service offering.

"We're exploring how the Interledger Protocol can be used by the Azure enterprise and developer community to enable new and novel use cases within Microsoft's Blockchain as a Service offering."

Hard Fork Divides Bitcoiner's at Honk Kong Scaling Conference

The scaling Bitcoin conference in Hong Kong, has seen divisions in the community as to the best approach to improving Bitcoin's transaction capability. The conference's main goal is to bring together different parts of the community to attempt to find consensus on the best approach to increase the number of transactions per second the Bitcoin network can cope with.

The most contentious issue was that of whether or not to hard fork the software which would require a simultaneous upgrade by all participants. The two sides of the debate are with miners on one side looking at preserving profits by keeping block space demand high whilst on the other developers are looking to increase the bandwidth of the network to allow Bitcoin to compete with traditional payment methods.

Jeff Garzik said:

"A hard fork will signal that we’re willing to grow, that we’re willing to change, that we’re willing to change the system. Not increasing it will be seen as, we want to increase fees, we want to push people off the system."

CryptoCompare Adds CCEDK & SpectroCoin

Yesterday the CryptoCompare Team added two new offerings to its listings. Spectrocoin a Bitcoin debit card wallet & exchange, and CCEDK, a fiat to crypto exchange that has been developing a unique set of pairs and platform to trade on. 

State of the Crypto

Bitcoin saw another round of turbulent upwards volatility that again pushed it just shy of the $400 dollar mark. The price has since pulled back and sits at $396. The Chinese trading bots are still churning up the CNY volume figures. 

Litecoin rose in line with Bitoin to add 3.5% to land at $3.55.

ETH saw a price drop with 4.3% wiped off its BTC value to end the day at 0.00201 BTC per Ether. 

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