UTC-05:00,Monday , July 06th 2020
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Today ,Monday,July 06, 2020
  • 00:54 BTM Surges Upon 0.089 USDT Level

    Citing data from Boboo.com, BTM surges above the 0.089 USDT level, touching 0.0894 USDT. Now, the coin marks 0.0879 USDT on Boboo.com with a daily increase of 16.6%
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  • 00:23 Ethereum Is The First Choice For EU Blockchain Startups, Says A Report

    According to the latest report by LeadBlock Partners, a London-and-Paris-based venture capital fund, Ethereum is the first choice for the majority of European startups and corporations involved in the rapidly growing blockchain industry, despite the region is severely lagging behind the US in terms of funding.
    “Blockchain protocols now have three dominant players with Ethereum, Hyperledger, and Corda accounting for around 65% of the protocols used by enterprise blockchain start-ups,” the report noted.
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  • 00:12 WISeKey Develops Blockchain-Based WIShelter Covid-19 Tracing Smartphone App

    WISeKey International Holding Ltd, a leading cybersecurity and IoT company, announced that its WIShelter App now includes the ability for users to upload and digitally certify the results of their COVID-19 test.
    These functionalities will allow local governments to enable healthy or immured persons to safely return to their jobs, thus reducing the economic impact from the epidemic while protecting the high-risk population by controlling the spread of this infectious disease.
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Yesterday ,Sunday,July 05, 2020
  • 23:59 Singapore’s Blockchain Landscape Has Grown More Than 50% Since Last Year

    A collection of organizations teamed up to produce a “map” of what the blockchain landscape looks like in Singapore, and it’s a lot bigger in 2020 than it was in 2019.
    Supported by a Singaporean governmental agency called the Infocomm Media Development Authority (IMDA), this map is mostly a collection of company logos from different business sectors including corporate services, smart cities, protocol, infrastructure, etc.
    In total, there are 234 entities representing 26 categories on the 2020 map, 91 companies more than last year. The growth rate is above 50%.
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  • 23:53 Beijing Unveils Detailed Action Plans To Take The Lead In Blockchain

    Beijing has unveiled an action plan to boost blockchain deployment, integrating the transaction data technology into the city's operations.
    Under the document named "Beijing Blockchain Innovation Development Action Plan 2020-2022", it is expected the city will initially become an influential new highland for blockchain research, innovation, application, and development by 2022.
    The plan outlines four key strategies:
    1) Building platforms for theory and technology research;
    2) Creating multi-field application scenarios;
    3) Applying the technology to various industries;
    4) Building a world-class team of talents.
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  • 23:19 Crypto Market Sentiment On July 6: Market Is In "Fear"

    Citing statistics from alternative.me, the Fear & Greed Index currently reads 40, two units higher than yesterday's, indicating the crypto market is still in "Fear."
    Note: As per the index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed." The current index is for Bitcoin only and is measured based on volatility (25%), market momentum/volume (25%), social media (25%), surveys (15%), dominance (10%), and trends (10%).
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  • 23:06 Bitcoin Is A Currency That Can Be Speculated On, Says Erik Voorhees

    Erik Voorhees, CEO of self-custody crypto platform ShapeShift.com, tweeted to refute the existing opinion that Bitcoin is not a currency because it is "not tied to gold."
    For him, "speculative asset" and "currency" are not mutually exclusive. Like other fiat currencies, one can use Bitcoin for speculation and shopping at the same time. What's more, at present, a wide range of goods and services like alpaca, socks, pizza, domain names, and plane tickets can be bought with Bitcoin, while few can be gained via gold.
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  • 22:16 CoinNess Market Surveillance July 6: Global Price Index Of BTC Trading Above $9000 Level

    As of 03:00 (UTC) on July 6, the global price index of Bitcoin (BTC) has been trading above the $9,000 level. At present, the coin marks $9,091.14 with a decrease of 0.17% in the past 24 hours.
    The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with six indicators sending out selling signals, five showing neutral signals, and seven indicating buying signals.
    The broad market experiences sideward trading, with 41 out of Top 100 cryptos by market cap rising.
    The global market cap reads $260.91 billion, and the 24-hour trading volume is $52.43 billion.
    Major Coins
    1. BTC quotes show 9,087.08 USDT on Binance, $9,100.10 on Bitfinex, $9,087.35 on Coinbase Pro and 9,088.28 USDT on Boboo.com;
    2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $227.95 (-0.02%); XRP marks $0.1769 (-0.09%); BCH marks $222.98 (-0.37%); LTC marks $41.72 (-0.21%); EOS marks $2.43 (-1.03%); ETC marks $5.67 (-0.05%).
    Top 3 Gainers and Losers in Cryptocurrencies
    1. Top 3 gainers among Top 100 cryptocurrencies by market cap: IOST (+22.37%), VET (+21.22%), and BTM (+16.68%);
    2. Top 3 losers among Top 100 cryptocurrencies by market cap: CEL (-9.55%), LRC (-6.76%), and ENJ (-6.35%).
    Cap Flows of Coins/Exchanges
    1. Top 3 capital inflows within the last 24 hours: BTC (+$114.60 mln), ETC (+$23.58 mln), and ETH (+$22.89 mln);
    2. Top 3 capital outflows within the last 24 hours: EOS (-$13.99 mln), BSV (-$8.70 mln), and USDP (-$4.25 mln);
    3. Net inflows/outflows of exchanges: Binance (-$3.84 mln), Bitfinex (-$8.55 mln), and Coinbase Pro (-$885.85 k).
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  • 22:02 Blockchain Practitioner Recognized By Chinese Authorities As A Legal Profession

    According to the news from the Chinese government on July 6, 2020, nine new jobs are added to the national legal occupation list, among them two are concerned with blockchain: blockchain engineer and blockchain application operator.
    Borrowing the experience from other countries, China has made its own national occupation classification system. The latest edition of the Reference Book on Occupational Classifications in PRC was published in 2015, and the approved job list is expanding regularly to reflect the progress in economy, technology and society.
    Adding these two "new jobs" to the whitelist could boost the development of blockchain, increase employment, and strengthen vocational education in this field, as per some commentators.
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  • 21:23 There's No Need For New Legislations On Cryptocurrency, Says "Bitcoin Founder" Craig Wright

    Craig Wright, the man who claims to be the creator of Bitcoin – Satoshi Nakamoto, wrote an article to discuss the unnecessity of creating new laws to regulate cryptocurrencies on his website.
    In the essay titled "Cryptocurrency and the Law of the Horse", he emphasized that code is not law. "In systems like Bitcoin, there is no encryption and hence nothing to stop the legal alteration and reallocation of contractual exchange. There is nothing new under the sun, which is particularly true of Bitcoin and its imitators. There is no need for a new law, but there is a need to ensure judges and legislators understand the facts surrounding Bitcoin and other blockchain systems."
    In other words, intellectual property law, contract law, tort law, and criminal law all form a solid basis and foundation for the concepts of "cryptocurrency law".
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  • 21:03 BTC Topped List Of Crypto Net Inflows With $9.13 Million In Past 2 Hours

    Monitored by CoinNess.com, from 00:00 to 02:00 (UTC) on July 6, BTC registered a net inflow of $9.13 million in the past two hours.
    1. The Top 3 net cap inflows in the crypto market are: BTC (+$9.13 mln), EOS (+$3.89 mln), and VET (+$3.71 mln);
    2. The Top 3 net cap outflows in the crypto market are: IOST (-$1.95 mln), ADA (-$500.49 k), and USDT (-$391.80 k).
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  • 20:28 CoinNess Coin Data: The Number Of Bitcoin Whale Transfers Down 15.53%

    Monitored by CoinNess.com, as of 00:00, July 6 (UTC),
    1) The number of Bitcoin active addresses is on a day-to-day decrease of 7.26%, marking 633,200.
    2) The number of Bitcoin on-chain transactions is 270,300 with a day-to-day decrease of 6.50%.
    3) The number of BTC whale transfers (over 100 BTC each) is 346 with a day-to-day decrease of 15.53%.
    4) Active addresses on Ethereum report 449,000 with a day-to-day decrease of 10.42%.
    Note: On-chain transactions and active addresses of a cryptocurrency have a positive correlation with its price.
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  • 20:15 Data Summary Of Boboo.com's Perpetual Contract: July 6

    Citing data from Boboo.com, as of 01:00 UTC on July 6,
    1) The BTC perpetual contract price is $9,070.40, meaning the premium of $4.41 compared with the BTC spot price ($9,065.99).
    2) The ratio of longs to shorts decreases to 0.83 from July 5's 1.27.
    3) The carrying charge marks 0.0013%, marking a major change compared with July 5's -0.0040%.
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  • 19:05 Enterprise-Friendly Blockchain Tapping Into Wine Supply Chain Business

    Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions.
    According to a blog post published by NEM on July 4, 2020, it has developed a blockchain solution that can trace and verify a large number of transactions per second. This can help wine growers and producers keep track of what’s happening with their raw materials and products at every stage of production and distribution.
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  • 18:45 Highlights Next Week, July 6-July 12: Galaxy Digital To Begin Trading On Toronto Stock Exchange

    1. Galaxy Digital will begin trading on Toronto Stock Exchange on July 6, 2020;
    2. The lawsuit for Craig Wright's alleged Bitcoin billions is about to go to trial on July 6;
    3. Boboo.com will launch the CHR/USDT trading pair at 07:00, July 7, 2020 (UTC) and open the withdrawal service at 07:00, July 6;
    4. The on-chain gas price in the Ontology network environment will be adjusted from 500 to 2,500 from July 7 with the gas limit remains unchanged;
    5. On July 7, the TRON smart contract privacy agreement will be officially launched as an integral part of TRON 4.0;
    6. Ontology (ONT) will upgrade the mainnet on July 7.
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  • 18:14 Weekly News Roundup, June 29 – July 5: Zimbabwe Blocks All Mobile Money Payments

    [Policy]
    1. Zimbabwe blocked all mobile money payments as its currency collapses;
    2. Switzerland needs not to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes;
    3. A total of $111 million will be invested by the Ministry of Science and Technology of Korea in the blockchain industry from 2021 to 2025;
    4. The US Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are opening up virtual hours for industry players looking to discuss innovation and new technologies in banking in late July;
    5. The Central Bank of Japan (BoJ) will conduct a controlled pilot for a central bank digital currency (CBDC) to see how a digital yen would function from a technical standpoint.
    [Cryptocurrency]
    1. Ethereum Core developers decided to postpone work on the Berlin hard fork until at least August;
    2. Bitcoin ETP was listed on Europe's third-largest exchange Deutsche Boerse;
    3. Tron (TRX) becomes the fourth blockchain project to receive a custom Twitter emoji hashtag;
    4. BCH backer Hayden Otto claims Bitcoin wallet double-spend issue hasn't been fixed;
    5. The unmined 17.3 mln BOBT are already burnt by Boboo.com.
    [Exchange & Wallet]
    1. Australia's Tagz exchange has been shut down due to the COVID-19 pandemic and external factors out of their control;
    2. Crypto exchange GPay ceased operation after losing £1.5 million of clients' funds;
    3. Coinbase Custody will serve as custodian for the underlying assets of 21Shares' Bitcoin ETP;
    4. Huobi becomes the first major exchange to run a chainlink node and the most popular derivatives platform for altcoins;
    5. OKEx is embracing the Latin American crypto market by launching a fiat gateway for three local currencies, i.e. the Argentine peso (ARS), the Brazilian real (BRL), and the Mexican peso (MXN).
    [Others]
    1. Russia's blockchain-based E-Vote system suffered a node attack;
    2. The Bank for International Settlements (BIS) will establish four additional "Innovation Hub" branches in Toronto, Stockholm, London and a joint location for Paris and Frankfurt over the next two years to advance work on digital currency and distributed ledger technology alongside other central banking issues;
    3. The University of California at San Francisco School of Medicine paid a $1.14 million ransom in cryptocurrencies to the hackers behind a ransomware attack earlier this month;
    4. Lawyers in Washington D.C. can accept cryptocurrency as payments for legal services, the District of Columbia Bar said in an ethics opinion;
    5. A Singapore man was fined $72 k for promoting crypto Ponzi OneCoin.
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  • 16:16 BTC Drops by 1.02% Within 5 Mins, Marking 8,916.42 USDT

    CoinNess Market Index shows that BTC drops by 1.02% within 5 minutes. BTC currently marks 8,916.42 USDT on Boboo.com.
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  • 16:00 BTC Mining Difficulty To Increase By 5.66% To 16.68T

    According to BTC.com, as of 21:00 UTC on July 5, the number of Bitcoin unconfirmed transactions reports 2,376. The BTC mining difficulty is estimated to increase by 5.66% to 16.68 T in seven days and 14 hours from the current 15.78 T. The 24-hour transaction rate of BTC marks 2.87 txs/s and the hashrate reports 123.32 EH/s.
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  • 15:09 Compound Cancels Proposal 013, Creates Governance Proposal 014

    Proposal 013 was canceled and Governance Proposal 014 has been created, replacing the prior proposal to raise the WBTC collateral from 0% to 65%, according to the announcement of Compound Labs.
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  • 14:35 Bakkt Bitcoin Monthly Futures This Week Reach $80 Mln

    Total volume of Bakkt Bitcoin monthly futures this week report $80 million, an 17% increase over the previous week. The max open interest marks $9.3 million, up 18% compared with that of last week.
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  • 14:00 The total market cap of DeFi tokens Closer To $7.4B

    The total market cap of DeFi tokens has nearly reached $7.4 bln, now reporting $7.387 bln, according to DefiMarketCap.
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  • 13:07 CoinNess Market Surveillance July 5: BTC Trades Above $9000 Level

    As of 18:00 (UTC) on July 5, the global price index of Bitcoin (BTC) has been standing above the $9,000 level. At present, the coin marks $9,040.83 with a decrease of 0.79% in the past 24 hours.
    The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Sell" with 14 indicators sending out selling signals, two showing neutral signals, and two indicating buying signals.
    The broad market is experiencing a downward trend, with 18 out of Top 100 cryptos by market cap rising.
    The global market cap reads $259.05 billion, and the 24-hour trading volume is $48.38 billion.
    Major Coins
    1. BTC quotes show 9,031.85 USDT on Binance, $9,041.90 on Bitfinex, $9,033.46 on Coinbase Pro and 9,035.61 USDT on Boboo.com;
    2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $225.43 (-0.96%); XRP marks $0.1763 (-1.01%); BCH marks $219.78 (-1.53%); LTC marks $41.35 (-1.05%); EOS marks $2.42 (-1.70%); ETC marks $5.61 (-1.38%).
    Top 3 Gainers and Losers in Cryptocurrencies
    1. Top 3 gainers among Top 100 cryptocurrencies by market cap: VET (+19.25%), IOST (+15.00%), and COMP (+14.73%);
    2. Top 3 losers among Top 100 cryptocurrencies by market cap: CEL (-13.36%), REN (-6.94%), and CKB (-5.61%).
    Cap Flows of Coins/Exchanges
    1. Top 3 capital inflows within the last 24 hours: BTC (+$116.00 mln), ETC (+$22.78 mln), and KCASH (+$21.67 mln);
    2. Top 3 capital outflows within the last 24 hours: EOS (-$13.63 mln), BNB (-$13.09 mln), and XRP (-$5.27 mln);
    3. Net inflows/outflows of exchanges: Binance (-$44.86 mln), Bitfinex (-$5.77 mln), and Coinbase Pro (+$9.24 mln).
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  • 12:48 Sextortion scams: Bitcoin, Not Monero, Is The Most Used Crypto

    Consider the case of sextortion scams, a method of siphoning victims by threatening to leak ‘sensitive’ media, of the sexual variety, if a ransom in Bitcoin is not paid. Since Bitcoin addresses can be deciphered for each transaction, and subsequently traced, on the face of things, it might not be the cryptocurrency of choice, especially with the likes of privacy coins like Monero [XMR] and Zcash [ZEC] making the rounds.
    Sextortion scammers "rely on the easiest and most well-known currency," said Dave Jevans the CEO of CipherTrace, a blockchain analytics firm that completed a five-month study on sextortion campaigns using Bitcoin.
    Since these scams are "widespread and not targeted," there is a greater need to use a universal currency over a private currency. But this does not mean the private currency cannot be used in the transaction to skew tracing.
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  • 12:07 Brock Pierce Announces To Run In The 2020 US Presidential Elections

    In a somewhat interesting turn of events, the co-founder of EOS Alliance and a well-known figure in the cryptocurrency field, Brock Pierce, announced that he will be running for President of the United States.
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  • 11:12 Joseph Young: Many Data Points Suggest A Big Spike In Volatility Is Near

    "Many data points suggest a big spike in volatility is near," tweeted crypto analyst Joseph Young, adding that "BitMEX OI building (near $700m), realized volatility at 1-year low (Skew data), and 8 drops below $9k in 2 months."
    It seems, for now, bears have an edge going into next week, concluded him.
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  • 10:27 Bitcoin Loving Kanye West Renews 2020 Push To Become US President

    American rapper, song-producer and entrepreneur Kanye West has just announced that he is running for president of the United States.
    That could be good for Bitcoin. In a 2018 interview with television personality Charlamagne, West mentioned his dissatisfaction with the style of $20 bill, mentioning that it reminded him of slavery and made him want to use Bitcoin.
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  • 10:13 2021 Will See Many New Millionaires, Especially Those Not Scared Of Altcoins: Lark Davis

    "2020 has already been insane for #crypto, 2021 will mint many new millionaires, especially those not scared of altcoins. #bitcoin will do fine, but the big gains will be elsewhere," tweeted Lark Davis, host of The Crypto Lark.
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