CoinNess Daily Briefing
To Make Your Crypto Investing Easy
 
Friday, July 19, 2019
Market Review

As of 11:00 (UTC) on July 19, the global index of Bitcoin (BTC) price fluctuates around the $10,000 level, marking $10,377.64. It has registered an increase of 5.71% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with seven indicators sending out a selling signal, four showing a neutral signal, and seven indicating a buying signal.
The broad market shows an uptrend, with 78 out of Top 100 cryptos by market cap rising.
The global market cap reads $281.19 billion, and the 24-hour trading volume is $77.89 billion.
Major Coins 
1. BTC quotes show 10,310.10 USDT on Binance, $10,326.00 on Bitfinex and $10,335.00 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: 

ETH marks $219.06 (+1.34%); 
XRP marks $0.316 (+0.02%); 
LTC marks $97.88 (+5.60%); 
BCH marks $306.38 (+3.06%); 
EOS marks $4.03 (+3.00%); 
ETC marks $5.77 (+0.66%). 

Todays Headlines

1. As elected officials frantically try to make sense of Facebook's libra cryptocurrency, application developers are getting down to business. Since the release of libra, a hybrid of public blockchains like Bitcoin (which are accessible to anyone with an internet connection) and private blockchains like Hyperledger Fabric, developers have been rushing to learn how it works and, in many cases, build actual products. The explosion of development, ranging from software designed to prevent money laundering to wallets that hold the cryptocurrency, indicates the difficulty lawmakers and regulators could face in the brave new world of open source technology. Facebook released the code, which is designed to eventually support a cryptocurrency backed by a basket of stable fiat currencies and other assets, to the public in June, and in spite of multiple calls by legislators for development to stop, progress will likely continue, even if the social network and its partners are eventually shut down.

                                                                                                                                                                                        Read More


2. According to a video published by VoaZimbabwe on July 18, 2019, Zimbabwe citizens are using Bitcoin as a decentralized store of value to shelter from the reckless monetary policy adopted by the government.

                                                                                                                                                            Read More

                                   

Hot In Asia

1.  A court in Hangzhou, China, upheld Bitcoin's status as "virtual property." The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country's legal system in disputes. The first case of Bitcoin property infringement was resolved in the Hangzhou Digital Court, as first reported by The Beijing News. The local court confirmed that the Chinese legal system recognizes Bitcoin as "virtual property" with legal protections.                                                                                                                                                  Read More                                                                                                         

Q & A

Question: What is the difference between ethereum and bitcoin blockchain?

 

Answer:
A blockchain is a distributed peer-to-peer network. It offers peers to record immutable data and transparency. The difference between bitcoin and ethereum is their approach. Ethereum, being the 2nd generation blockchain solution improves on bitcoin in almost every possible way. The main difference is how they are trying to solve the industry problem. Conceptually, bitcoin is a digital currency whereas ethereum is about smart contracts. Ethereum is also energy efficient as it uses Proof-of-Stake(PoS) consensus algorithm compared to bitcoin’s Proof-of-Work(PoW). This also makes ethereum more scalable compared to bitcoin.

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