Market Analysis Report

17 June 2019

MTI Announces First Public Blockchain Solution in the Global Shipping Industry

MTI (‘Marine Transport International (UK) Limited’), an industry-leading freight forwarder has announced the deployment of the first public blockchain solution in the global shipping industry. MTI is using the TrustMe™ public blockchain technology and the services from predictive analytics expert Black Swan Data Limited. Jody Cleworth, CEO of MTI stated:

”Blockchain has the ability to empower our industry into a true digital age. Instead of a VGM message being delivered sequentially to parties within the supply chain, our platform can provide a decentralized approach to delivering VGM messages. The sheer volume of containers processed per year means that safely decentralizing the management of these containers will radically reduce the complexities of shipping. A grass roots approach in collecting and storing information on the blockchain is how shippers will be able to reap the full benefits of the technology. We are now a public blockchain company and our focus is on delivering tangible benefits to global trade and all the actors within the supply chain.”

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Ethereum Under DDoS Attack Again

The Ethereum blockchain was attacked once more causing Geth nodes to crash due to an out of memory bug. The Ethereum development team released another urgent announcement to miners, asking them to switch to the parity client which was not affected by the attack. The Ethereum development team is focused on creating and establishing several routes for a more sustainable medium-term fix. Jeffrey Wilcke, the Ethereum co-founder and lead developer said:

“This is due to the EXTCODESIZE opcode, which has a fairly low gas price but which requires nodes to read state information from the disk; the attack transactions are calling this opcode roughly 50,000 times per block.”

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Swiss Finance Infrastructure Firm Testing Blockchain with Digital Asset

A major financial infrastructure provider in Switzerland, SIX Securities Services, has partnered with blockchain startup Digital Asset Holdings to build a proof-of-concept focused on securities market infrastructure. Distributed ledger technology is “key” to the future of SIX Securities’ post-trading business, according to Division CEO Thomas Zeeb:

"We need to understand it, and more importantly, its applicability and future flexibility in order to keep ahead of the game. Partnering with Digital Asset is a way to accelerate our own development plans and leverage their experience in this area."

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FirstBlood Gathers $5.9 Million in Seconds

FirstBlood, the Ethereum based eSports platform that allows users to bet against each other in popular FPS and MOBA games in a decentralized environment has managed to gather $5.9 million worth of Ether in a matter of seconds. ~79 million 1ST tokens were issued and distributed in what seems to be the fastest crowd sale in history.

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State of the Crypto

Bitcoin is down 0.29% at $600.88 with a volume of  Ƀ17k - 10M on the USD pairs

Litecoin is down 0.52% against the dollar for the day at $3.79 and up 0.13% to Ƀ 0.006352 on volumes of 202 BTC.

Ether is down 1.30% against Bitcoin at Ƀ 0.02130 per Ether and down 1.46% against the dollar to $12.84 with average volume of 7.2k BTC on the ETH BTC pair. 

Ether Classic is down 2.72% to Ƀ 0.002003 on volumes of 1.5k BTC.

Monero is down 3.49% to Ƀ 0.01687 with volumes of 4.4k BTC and down 1.92% against the dollar to $10.20.

Steem is down 11.87% at Ƀ 0.0009086 on 319 BTC volume. 

Lisk has 245 BTC volume for the day. The price is down 1.70% at Ƀ 0.0004044.

Dash is up 0.05% at Ƀ 0.01907 with 357 BTC volume and up 1.13% against the dollar at $11.61.

NXT is up 1.06% to Ƀ 0.00002518 on 217 BTC volume.

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