Market Analysis Report

17 June 2019

Coinbase Released its Official Position on Bitcoin Hard Forks

Coinbase has finally released its official stance on Bitcoin hard forks, SegWit2x and Bitcoin Gold. In a recent blog post, Coinbase stated it would retain the BTC ticker for the legacy chain under all circumstances. The blog post reads:

“Following the fork, Coinbase will continue referring to the current Bitcoin Blockchain as Bitcoin (BTC) and the forked Blockchain as Bitcoin2x (B2X)."

Read more here

Vaultoro Withdraws NYA Support

Recently, Vaultoro has withdrawn support for the New York Agreement (NYA), citing the absence of opt-out replay protection from the proposed SegWit2x hard fork. Vaultoro co-founder Joshua Scigala made the announcement on Twitter, stating that the company had signed the NYA to “help dislodge the stalemate” between the different camps in the scaling debate. The tweet stated:

"We signed way before Bcash fork. Signed because I wanted to help dislodge the stalemate between camps. It worked, we now have segwit. As any good businessman, I stick to my word and would have followed through with 2x but I cannot without replay protection."

Read more here

Vladimir Putin Mandates New Rules for Cryptocurrencies

The Kremlin published five orders from Putin over the weekend, representing perhaps the most direct move to date by the Russian government to oversee activities around the tech industry. Not only do the orders from Putin mandate new legal structures around cryptocurrency within Russia, they ambitiously establish a plan to use the technology to create a "single payment space" within the Eurasian Economic Union. An excerpt of the document reads:

"The Government of the Russian Federation, in conjunction with the Bank of Russia, shall ensure that changes are made to the legislation of the Russian Federation providing for...[the] determination of the status of digital technologies used in the financial sphere and their concepts (including such as "technology of distributed registries", "digital letters of credit", "digital mortgage", "crypto-currency", "token", "smart contract" ") based on the obligation of the ruble as the only legal tender in the Russian Federation."

Read more here

Ledger Bitcoin Wallet Partners With Tech Giant Intel

The hardware wallet startup Ledger has revealed a partnership with California-based tech corporation Intel in order to build the Intel SGX solution, a project that aims to create a secure area called the “SGX enclave” for private keys tied to digital assets. Essentially, this means the data will be stored within the enclave as opposed to applications, as a means to curb a variety of software attacks. Eric Larchevêque, the CEO at Ledger, announced:

“We have seen an increasing demand from the market for security solutions to manage crypto assets over the past couple of years. Following the launch of a line of hardware wallets based on our operating system integrated into a secure chip, working with a leading player like Intel is a unique opportunity to keep providing our growing client base with innovative solutions for cryptocurrency and blockchain applications."

Read more here

Recently Added

UP added to Ongoing ICO list

BON added to Upcoming ICO list

Hydrominer - Working to Bring Mining Back to the Masses

The centralization of cryptocurrency mining has given way to an ecosystem where casual miners are excluded, leaving space for large and well-organized mining operations. Since energy prices are paramount to the process of mining and the main cost factor over time, the lowest price per unit of energy will decide the future success of mining operations.

Hydrominer is a project that is working to bring mining back to the masses in an environment-friendly manner. HydroMiner plans to create an eco-friendly mining operation, capable of mitigating energy consumption costs as well as the human impact on the environment while making cryptocurrency cloud mining services available to users around the world for a competitive and fair price. The Austrian alpine region is home to several hydropower stations. Consequently, the company achieved price levels that can compete with those of Northern Europe and even China.

To learn more about HydroMiner, visit their Facebook, Twitter and the official Website or check out their team and read the Whitepaper or join the discussion on Telegram.

Aeron Announces Agreement to List ARN Token on HitBTC

Aeron, the blockchain startup focused on flight safety, has recently announced the upcoming addition of Aeron’s ARN token to HitBTC, a global cryptocurrency trading platform. Deposits and withdrawals of the ARN token will be enabled in November 2017 along with the ARN/BTC and ARN/ETH trading pairs. Aeron has also announced a partnership with Binance, a cryptocurrency exchange focused on servicing the Chinese market.

Aeron is a software company building a global decentralized aviation record system called Aeron Register that includes a global aviation database accessible by online portal or mobile applications. Aeron believes that aviation safety is closely related to record integrity. Once the log records are stored in the blockchain, available for public audit and can’t be forged, both authorities and passengers can be confident that a pilot actually has the experience claimed.

After a successful presale, the Aeron team launched their public sale which is still ongoing. To learn more about Aeron please visit the Website, Twitter, Facebook or for a more detailed explanation please read the Whitepaper.

Press Release

State of the Crypto

Bitcoin is down 2.67% at $5,571.560 with a volume of $116.0k - $645.5M on the USD pairs.

Litecoin is down 3.51% against the dollar for the day at $55.52 and down 0.63% to Ƀ0.009946 on volumes of Ƀ5.5k.

Ether is up 0.54% against Bitcoin at Ƀ0.05363 per Ether and down 2% against the dollar to $299.06 with average volume Ƀ17.4k on the ETH/BTC pair.

Dash is down 0.46% at Ƀ0.05202 with Ƀ4.5k volume and down 2.02% against the dollar at $289.49.

Ripple is up 1.76% to Ƀ0.00003637 with volumes of Ƀ5.1k and up 0.15% against the dollar at $0.204.

Zcash is down 0.29% for the day to Ƀ0.03829 per ZEC and down 1.68% against the dollar to $212.75 with an average volume of Ƀ3.2k for the 24 hour period.

Monero is down 2.58% against the dollar at $87.52 and down 0.51% against Bitcoin at Ƀ0.01568 on volumes of Ƀ2.4k.

Ether Classic is up 0.05% to Ƀ0.001871 with volumes of Ƀ797.988 and down 2.43% against the dollar at $10.44.

Waves is down 0.56% to Ƀ0.0006615 on Ƀ607.21 volume.

Stratis is up 0.64% to Ƀ0.0007023 on Ƀ2.2k volume.

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