CoinNess Daily Briefing June 2: Block.One Launches Its Own Social Media Behemoth Voice

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CoinNess Daily Briefing

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Sunday, June 2, 2019

[CoinNess.com Market Surveillance June 2: BTC Fluctuates Above $8500 Level]As of 11:00 (UTC) on June 2, the global index of Bitcoin (BTC) has been dancing in an out of the $8,700 level for the past couple of hours, currently marking $8,727.13. It has registered an increase of 1.69% in the past 24 hours.

The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Buy" with two indicators sending out a selling signal, two showing a neutral signal, and 14 indicating a buying signal.

The broad market is now in favor with bulls, with 62 out of Top 100 cryptos by market cap rising.

The global market cap reads $276.55 billion, and the 24-hour trading volume is $76.78 billion.

Major Coins

1. BTC quotes show 8,717.21 USDT on Binance, $8,730.90 on Bitfinex and $8,721.69 on Coinbase Pro;

2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $271.09 (+0.48%);
XRP marks $0.440 (+0.81%);
BCH marks $445.55 (+0.59%);
EOS marks $7.91 (-5.05%);
LTC marks $115.03 (+1.06%);
ETC marks $9.24 (+5.59%).

1. Block.One, the company behind EOS, launches Voice, the social media platform that will operate on the EOS blockchain which is soon to be upgraded to Version 2.0. Heralded as a “transparent” social media platform, a press release to the effect stated that “the value of good content gets circulated right back into sustaining the community, not corporate bottom lines.”

2. At B1June, Dan Larimer, the chief technology officer of Block.One, took to the stage to announce EOS VM which will allow for the blockchain to purportedly be upwards of 12 times faster than it was at launch.

3. Bitcoin tycoon and Everus World founder Alex Johnson and his wife engaged in a threesome that ended with the mysterious death of a Dutch model in December 2017. Ever since, the couple has been living as outcasts, moving from one city to another while hiding from the anger and threats of vigilantes.

Now, after 18 months, the Johnsons have broken the silence, claiming their innocence in the grisly murder case and calling for an end to their "witch hunt."

OTC Price For USDT Pulls Back A Bit, Premium At 2.24%

As monitored by CoinNess, the exchange rate between U.S. Dollar and Chinese Yuan (CNY) is 6.9050, while the price for USDT at the OTC market of Huobi, a China-originated crypto exchange, is 7.06 CNY. That means the premium of USDT against CNY is slightly lower than the last reporting's 3.3% and marks 2.24%.

Question:

What Are State Channels?

Answer:
State channels refer to the process in which users transact with one another directly outside of the blockchain, or ‘off-chain,’ and greatly minimize their use of ‘on-chain’ operations. It’s one of the most exciting Ethereum scaling solutions in development and the closest advancement to being production ready.

State channels are very similar to the concept of payment channels in Bitcoin’s Lightning Network, but instead of only supporting payments, they also support general ‘state updates.’ For example, votes conducted on the District Registry could be updated in a state channel and only broadcasted to the Ethereum network once all votes have been collected. This magnifies the number of computation developers can move off-chain.

Disclaimer: CoinNess.com or anyone involved with CoinNess.com will not accept any liability for any trading loss or damage as a result of reliance on the information contained within this email including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. CoinNess.com would like to remind you that the data contained in this email is neither necessarily real-time nor accurate. All crypto prices, Indexes, Futures, buy/sell Signals and Forex prices are indicative and not appropriate for trading purposes; furthermore they are not provided by an exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price. CoinNess.com doesn't bear any responsibility for any trading losses you might incur as a result of using this data.

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