CoinNess Daily Briefing
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Friday, June 28, 2019
Market Review

CoinNess.com Market Surveillance June 28: BTC Now Above $11800
As of 11:00 (UTC) on June 28, the global index of Bitcoin (BTC) price is standing above $11,800, now marking $11,867.44, a decrease of 0.39% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with four indicators sending out a selling signal, five showing a neutral signal, and nine indicating a buying signal.
The broad market is trading sideways, with 47 out of Top 100 cryptos by market cap rising.
The global market cap reads $335.93 billion, and the 24-hour trading volume is $115.84 billion.
Major Coins 
1. BTC quotes show 11,940.26 USDT on Binance, $11,819 on Bitfinex and $10,811.46 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: 
ETH marks $307.76 (-1.17%); 
XRP marks $0.415 (-2.95%); 
BCH marks $427.07 (-1.88%);
LTC marks $118.03 (+0.21%); 
EOS marks $6.05 (-4.93%); 
ETC marks $7.93 (-2.68%). 

 

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Todays Headlines

1. Goldman Sachs may ultimately take part in the crypto disruption of finance, according to its CEO, David Solomon.
In interview with French news source Les Echos on Friday, June 28, Solomon said the bank "absolutely" could follow JPMorgan Chase in launching a cryptocurrency. He further said that Goldman Sachs is carrying out "extensive research" on asset tokenization and stablecoins.
                                              
                                                                                                                                                                                                     
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2. Seven more Japanese banks have joined the SBI Ripple Asia's Money Tap money transfer platform. An SBI Group portal press release made on June 26 mentioned Chikubo, Ashiga, Towa, Shimane, Toho and Fukushima Banks as the new entrants.

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3. The deputy governor of the Bank of Uganda has warned the public about the limited protections offered them when they invest in unregulated cryptocurrencies.
English-language Ugandan daily New Vision reports on June 28 that the bank's deputy governor - Dr. Louis Kaskende - made his remarks during a Town Hall meeting in the city of Masaka, which was devoted to educating the public about the institution's activities and role.                                        
                                                                                                                                            
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4. In another proclaimed "first," Swiss bank Dukascopy is revealing a new stablecoin called 'Dukascash,' barely four months after the official launch of its very own cryptocurrency, Dukascoin (DUK+). The forex firm has picked an ERC-20 standard on the Ethereum blockchain and claims that Dukascash is the first stable crypto currency coin issued for public use by a licensed and regulated Swiss bank.
                                                                                                                                            Read More                                                                                                     

Hot In Asia

1. Finance Magnates says it spoke to Binance at the FinTech Junction event in Israel on Thursday, June 27, with the exchange's CSO, Gin Chao, saying that early discussions have taken place with Facebook over a possible future listing of the Libra token.
In another report from CryptoPotato, which also spoke to Chao at the Tel Aviv event, he further suggested that Binance may support the Libra blockchain by acting as a permissioned node that validates transactions.



 

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Q & A

Question: 

What Is Colored Coins?

 

Answer: 

Colored coins refers to a set of similar technologies that use bitcoin transactions to record the creation, ownership, and transfer of extrinsic assets other than bitcoin. By "extrinsic" we mean assets that are not stored directly on the bitcoin blockchain, as opposed to bitcoin itself, which is an asset intrinsic to the blockchain.

Colored coins are used to track digital assets as well as physical assets held by third parties and traded through colored coins certificates of ownership. Digital asset colored coins can represent intangible assets such as a stock certificate, license, virtual property (game items), or most any form of licensed intellectual property (trademarks, copyrights, etc.). Tangible asset colored coins can represent certificates of ownership of commodities (gold, silver, oil), land title, automobiles, boats, aircraft, etc.


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