CoinNess.com Market Surveillance July 8: BTC Goes Above The $11800 Level
As of 11:00 (UTC) on July 8, the global index of Bitcoin (BTC) price has risen above the $11,800 level, marking $11,886.68. It has registered an increase of 5.49% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Buy" with one indicator sending out a selling signal, three showing a neutral signal, and 14 indicating a buying signal.
The broad market shows bullish trend, with 77 out of Top 100 cryptos by market cap rising.
The global market cap reads $336.76 billion, and the 24-hour trading volume is $69.64 billion.
Major Coins 
1. BTC quotes show 11,843.59 USDT on Binance, $11,929 on Bitfinex and $11,910 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $308.79 (+6.50%);
XRP marks $0.397 (+0.75%);
LTC marks $120.43 (+1.58%);
BCH marks $413.47 (+2.34%);
EOS marks $5.97 (+2.71%);
ETC marks $8.01 (+2.33%). 

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1.  DeepCloud AI, a decentralized cloud computing platform utilizing AI and blockchain technology, is expected to roll out the prototype in July 2019 for the state of Coahuila, before extending the QR-embedded license plate service to the Mexican national scale by December. The move represents a significant step forward for practical applications of next-generation platforms at the convergence of two innovative technologies - blockchains and AI.                           

                                                                                                                                                                                        Read More

2. The latest scepticism to Facebook Inc.'s plans for its new cryptocurrency called Libra comes from India as Asia's third-largest economy is not keen on allowing the digital currency in the country. "Design of the Facebook currency has not been fully explained," Economic Affairs Secretary Subhash Garg said in an interview in New Delhi on Saturday, July 6. "But whatever it is, it would be a private cryptocurrency and that's not something we have been comfortable with."
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3. The sale and purchase of Bitcoin is illegal in Iran, an official with the Central Bank said, warning against advertisements luring people into trading the cryptocurrency. 

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1. Facebook's recently unveiled Libra cryptocurrency project threatens the stability of financial systems, according to a South Korean financial regulator.                                                                        

                                                                                                       Read More                                                                                                            

2. According to Chinese local news, at the first academic seminar of the digital finance, WANG Xin, director of the Monetary and Financial Bureau of China's Central Bank, pointed out, "The central bank is highly paying attention to the research and development of fintech applications. The next steps to research include: issues related to cryptocurrencies like Libra; exploring digital finance to better support the real economy development; improving the framework of fintech supervision system and developing regulatory technology; strengthening digital financial infrastructure construction; and strengthening international coordination and cooperation in the field of digital finance.
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Question: Why Oracles Are Needed In Ethereum ?

 

Answer: 

A key component of the Ethereum platform is the Ethereum Virtual Machine, with its ability to execute programs and update the state of Ethereum, constrained by consensus rules, on any node in the decentralized network. In order to maintain consensus, EVM execution must be totally deterministic and based only on the shared context of the Ethereum state and signed transactions. This has two particularly important consequences: the first is that there can be no intrinsic source of randomness for the EVM and smart contracts to work with; the second is that extrinsic data can only be introduced as the data payload of a transaction.

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