Market Analysis Report

17 June 2019

EU Parliament Seeks €1 Million for Blockchain Research

The European Parliament  is looking for €1m to fund a task force that would focus on the study of blockchain and cryptocurrency technology, a project that was proposed by MEP Jakob von Weizsäcker and approved months ago. The MEP wrote:

"This pilot project aims at creating a Task Force, staffed with regulatory and technical experts, in order to build up technical expertise, regulators capacity and develop use cases, especially for governmental applications, in the field of distributed ledger technology (DLT) as proposed in the Resolution of the European Parliament on virtual currencies."

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Kim Dotcom's Hearing Will Be Streamed On YouTube

Kim Dotcom, founder of Megaupload and Bitcoin enthusiast is facing an American extradition legal hearing and it will be streamed live on YouTube. Kim Dotcom is currently developing a Bitcoin business and wallet within Megaupload 2.0 called Bitcache, a potential Bitcoin wallet for your Megaupload account. Kim Dotcom said, regarding the Judge's decision to allow the trial to be streamed on youtube:

"I will post the live streaming link here ASAP. This is breaking new ground. New Zealand at the forefront of transparent Justice! Leadership!"

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US Health Department Selects 15 Blockchain Research Contest Winners

A whitepaper contest was held by the Office of the National Coordinator for Health IT (ONC), in order to explore how blockchain technology can be used in the healthcare system. 15 winners were chosen out of the +70 submissions. National coordinator Vindell Washington stated:

"We are thrilled by the incredible amount of interest in this challenge. While many know about Blockchain technology's uses for digital currency purposes, the challenge submissions show its exciting potential for new, innovative uses in health care."

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State of the Crypto

Bitcoin is down 0.54% at $ 575.06 with a volume of  Ƀ 27k - 15.9M on the USD pairs

Litecoin is stayed put against the dollar for the day at $3.79 and up 0.69% to Ƀ 0.006597 on volumes of 900 BTC.

Ether is up 2.24% against Bitcoin at Ƀ 0.01961 per Ether and up 1.62% against the dollar to $11.27 with average volume of 7k BTC on the ETH BTC pair. 

Ether Classic is down 5.15% to Ƀ 0.002081 on volumes of 8k BTC.

Monero is down 2.64% to Ƀ 0.01362 with volumes of 28k BTC and down 4.18% against the dollar to $7.80.

Steem is down 1.23% at Ƀ 0.001680 on 441 BTC volume. 

Lisk has 542 BTC volume for the day. The price is up 0.20% at Ƀ 0.0004477.

Dash is up 4.12% to 0.02091 BTC with 1.2k BTC volume and up 2.91% against the dollar at $12.02.

NXT is up 6.13% to Ƀ 0.00004242 on 807 BTC volume.

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