CoinNess Daily Briefing
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Wednesday, June 26, 2019
Market Review

CoinNess.com Market Surveillance June 26: BTC Price Slightly Decreases To The $12500 Level
As of 11:00 (UTC) on June 26, the global index of Bitcoin (BTC) price slightly decreases to the $12,500 Level, marking $12,571.30. It has registered an increase of 10.60% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with three indicator sending out a selling signal, two showing a neutral signal, and 13 indicating a buying signal.
The broad market shows an uptrend, with 58 out of Top 100 cryptos by market cap rising.
The global market cap reads $362.88 billion, and the 24-hour trading volume is $100.51 billion.
Major Coins 
1. BTC quotes show 12,750.00 USDT on Binance, $12,581.00 on Bitfinex and $12,673.92 on Coinbase Pro
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $334.90 (+6.91%);
XRP marks $0.4783 (+1.96%);
BCH marks $498.32 (+4.64%);
EOS marks $7.31 (+1.42%);
LTC marks $135.42 (-0.01%);
ETC marks $9.37 (+1.96%). 

 

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Todays Headlines

1. Seychelles' national securities exchange, MERJ Exchange, is planning to list a regulated security token, Bloomberg writes. It would currently be the world's first exchange to list fully-licensed tokenised stocks, as per the report.
While it hasn't shared any specific timeline, MERJ Exchange has committed to launching its Digital Assets and Security Token markets "soon," according to its website.
                                                    
                                                                                                                                   
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2. The ITW Global Leaders' Forum (GLF), which is a network of leaders from the world's largest wholesale carriers, announced Monday (June 24) the launch of a blockchain-based platform. Known as the Communications Blockchain Network (CBN), this will revolutionize the ICT Service Provider industry's commercial settlement infrastructure, representing an opportunity worth billions to the global industry.
The CBN is expected to go live in the coming months and will be governed by a collaborative, industry-wide framework. Currently, 11 carriers have agreed to support the establishment of the platform, including A1 Telekom Austria, China Telecom Global, Colt Technology Services, Deutsche Telekom Global Carrier, IDT, Orange, PCCW Global, Tata Communications, Telefonica, Telstra and TNZI.


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3. Binance chain testnet is expected to have a hardfork upgrade at block height 24020000Binance CEO ZHAO Changpeng tweeted, "One of the key improvements in this upgrade that not easily visible is performance. During peak times, if you experience lag or other performance issues, be sure to try out 2.0. We will soon decommission the "1.0" version due to legacy performance bottlenecks."

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Hot In Asia

1. Chinese news outlet Global Times, affiliated to China's state-owned media People's Daily, published an article titled "China cannot be absent from the era of global digital currency competition," detailing that once Libra reaches a deal with regulators, it will become the de facto representative of the dollar in the global digital economy, where the dollar lacked dominance in the past. With Libra, the US could obtain a significant first-move advantage in digital economic competition, and it will be hard for governments to block Libra's penetration within their digital economies. 
"China must be involved in this round of digital economic competition, given the fact that digital currency will become an inevitable trend, bringing profound changes to the digital economy and global technology, finance, capital and economic structure."

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Q & A

Question: 

What we need to know about the upcoming V20 event?

 

Answer: This week, simultaneously to the G20, the V20 will take place – an event organized by digital asset proponents as a forum for crypto advocates. 
It is expected that the upcoming V20 Summit will take cryptocurrency regulation one step forward. Representatives from the participating countries will gather together to assess the new proposals put forward by the international Financial Action Task Force (FATF) late February 2019.
They will especially reflect on the "unique nature of virtual asset transactions" by offering complimentary "bottom-up" regulations to the initial FATF February proposals. Another key argument to be debated during the V20 is the timeframe of efforts needed by corporations to put in place those above regulations. An extension of allocated time might be voted to help parties getting prepared fairly.
The V20 Summit will be hosted by the Singapore Cryptocurrency and Blockchain Industry Association (ACCESS) and the Australian Digital Commerce Association (ADCA); assisted by the Japanese Virtual Currency Exchange Association (JVCEA); and with the support of the British Blockchain & Frontier Technologies Association (BBFTA), the Korean Blockchain Association (KBCA), the Hong Kong Blockchain Association (HKBA), the FinTech Association of Hong Kong (FTAHK) and ACCESS Malaysia; and in cooperation with Global Digital Finance (GDF). Attendees will include G20 delegates, government agencies and policy makers, crypto exchanges and related service providers, notably representatives from the FATF as well as regulatory and regional legislative representatives.


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