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Weekly Blockchain Industry Report-9th Issue

Transalated by Billy Lau   Market Overview   The past week’s daily average global market capitalization of cryptocurrency is $304.4 billion and the daily average transaction volume is $15.48 billion, indicating a decline of 10.99% and 4.51% respectively. The daily average market capitalization of the top five cryptocurrencies has decreased by 10.36% from the previous week. EOS has experienced the ...

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Weekly Blockchain Industry Report(9th Issue) 2018.6.9-6.15 OK Blockchain Capital Cookie Deng

Transalated by Billy Lau   Market Overview   The past week’s daily average global market capitalization of cryptocurrency is $304.4 billion and the daily average transaction volume is $15.48 billion, indicating a decline of 10.99% and 4.51% respectively. The daily average market capitalization of the top five cryptocurrencies has decreased by 10.36% from the previous week. EOS has experienced the ...

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Financial Watchdog to Issue Business Improvement Notices to 5 Crypto Exchanges

Japan’s Financial Services Agency (FSA) will be issuing business improvement notices to five registered cryptocurrency exchanges by the end of this week, Cointelegraph Japan reports Tuesday, June 19. According to the FSA inspections, crypto exchanges BitFlyer, Quoine, Bitbank, BITPoint Japan, and BtcBox do not have the proper internal management systems, including their measures to prevent money laundering. BitFlyer, Quoine and ...

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Science’s Acute Replicability Issue and the Crypto Antidote

It may come as a shock to some, but scientific pronouncements aren’t nearly as trustworthy as they seem. Consider the tale of saturated fat. Until about the middle of the 20th century, the Western world was largely unconcerned with the effects of saturated fat on health. Fatty fish, butter, and eggs were seen as components of a healthy diet. However, ...

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E-Commerce Giant JD.com to Issue Blockchain Asset-Backed Securities

Chinese e-commerce giant JD.com has released plans to issue asset-backed securities (ABSs) on the blockchain, local media reported June 13. According to China’s Securities Regulatory Commission (CSRC) via its media outlet Securities Times, subsidiary JD Finance will issue the ABS in conjunction with Huatai Securities and Xingye Bank. Together, the partners will asses blockchain’s potential to shore up asset security, ...

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Japan Set to Issue First Rejection of Cryptocurrency Exchange Application

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Japan’s financial regulator is reportedly set to issues its first-ever rejection of an application to register a domestic cryptocurrency exchange business. Yokohama-based trading platform FSHO is likely to become Japan’s first cryptocurrency exchange operator to see its application denied by the Financial Services Agency (FSA), according to ...

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Estonia Rolls Back Its Plan to Issue National Digital Currency

Estonia rolled back its plan to establish a national cryptocurrency Estcoin following criticism from the President of the European Central Bank, Mario Draghi, and local banking authorities, Bloomberg reported June 1. The managing director of the Estonian e-residency program, Kaspar Korjus, proposed the development and issuance of Estcoin in August last year. Along with becoming Estonia’s national virtual currency, Estcoin ...

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Millennials Will Never Recover From 2008 Financial Crisis, Student Loans Worsen the Issue – The Merkle

According to a study released by the Federal Reserve Bank of St. Louis entitled “A Lost Generation”, millennials will never be able to recover from the Great Recession and the 2008 financial crisis. The Fed stated that families headed by someone born in the 1980s have net worths that are 34 percent lower than expected. The report read: We found that typical families headed by ...

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