CoinNess Daily Briefing
To Make Your Crypto Investing Easy
Tuesday, July 23, 2019
Market Review

As of 11:00 (UTC) on July 23, the global index of Bitcoin (BTC) price is trading around the $10,000 level, marking $9,979.82. It has registered a decrease of 5.11% in the past 24 hours. 
The Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Sell" with 16 indicators sending out selling signals, one showing a neutral signal, and three indicating buying signals. 
The broad market remains bearish, with only 11 out of Top 100 cryptos by market cap rising. 
The global market cap reads $273.23 billion, and the 24-hour trading volume is $56.54 billion. 
Major Coins 
1. BTC quotes show 10,001.00 USDT on Binance, $9,989.80 on Bitfinex and $9,982.06 on Coinbase Pro; 
2. Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $211.64 (-4.83%);
XRP marks $0.312 (-4.28%);
LTC marks $91.31 (-5.46%);
BCH marks $301.16 (-5.09%);
EOS marks $4.03 (-5.05%);
ETC marks $6.00 (-5.91%). 

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Todays Headlines

1. A new affirmation by Bitfinex and Tether general counsel Stuart Hoegner says a previous filing by the New York Attorney General's office claiming that Empire State residents used the companies' platforms for far longer than previously stated "contain a number of inaccurate and misleading assertions."
According to Hoegner, some documents presented as evidence by the NYAG which appear to outline how New York residents could trade on Bitfinex "make clear that we would only do business with a foreign entity having no presence in New York," while other documents describing Bitfinex customers based out of New York were actually about "foreign ECPs [eligible contract participants]."

                                                                                                                                                                                        Read More

2. Bakkt tweeted, "Today kicks off user acceptance testing @ICE_Markets for the Bakkt Bitcoin Daily & Monthly Futures contracts. Testing is proceeding as planned with participants from around the world."

                                                                                                                                                             Read More


Hot In Asia

There are only several days left until TRON founder Justin Sun's lunch with Warren Buffett. However, Justin Sun has just announced the cancellation of the lunch meeting due to the sudden illness - calculus of kidney, as he revealed on Weibo as of 22:49 UTC on July 22. "My physical condition is all stable and in recovery and I can not accept any interview," Justin stated. His donation to the Glide Foundation has been completed and remains valid.

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Q & A

Question: What is NEO's consensus dBFT?



Delegated Byzantine Fault Tolerance (dBFT) is an algorithm used to achieve consensus that confuses many blockchain and cryptocurrency adopters. It's a complicated concept that not everyone understands like PoW or PoS.

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