Weekly Update: Market Update / IOTA, ONT, EOS / China / S. Korea / Binance / Netherlands / Huobi

This video is a recap for the cryptocurrency market for the week ending June 2, 2018.

For more on this week’s developments, please visit: https://crushcrypto.com/cc-weekly-june-3-2018/

Download the PDF version of the presentation: https://crushcrypto.com/wp-content/uploads/2018/06/2018-06-03-Crush-Crypto-Weekly.pdf
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Highlights:

– The cryptocurrency market was up across the board during the past week, with the overall market cap increased 8% to $352 billion dollars.
– Bitcoin prices moved up 4% to around $7,600 dollars while Ether prices rose 1% to just under $600 dollars.
– IOTA outperformed with a weekly gain of 28% while trading volumes surged 70% from the previous week. A few days ago, IOTA officially announced a partnership with Norway’s largest bank, DNB.
– Ontology outperformed other major tokens with a weekly increase of 21%. The project officially announced its seed node recruitment plan and rules, and opened recruitment for the first cycle of seed nodes.
– Market leader EOS moved up 19% during the week. The upward movement is partly due to the release of the blockchain project’s open-source mainnet software a few days ago.
– During a speech earlier in the week, China’s president praised blockchain technology, which caused the market to speculate that the ban on cryptocurrency in China may be coming to an end.
– A few days ago, South Korea’s National Assembly officially proposed to allow domestic ICOs after 8 months of banning ICOs and cryptocurrency margin trading.
– Binance, the largest crypto exchange in the world in terms of trading volumes, announced their plans to launch a $1 billion dollar fund to back blockchain and crypto startups. The fund will be called the ‘Community Influence’ fund, and it will be denominated in Binance’s BNB coin.
– The Land Registry in the Netherlands plans to test blockchain technology for managing the country’s real estate data. According to an enterprise architect working on the project, a blockchain solution will be integrated into the Land Registry’s existing property system “within one to three years.”
– The crypto trading platform Huobi recently launched a crypto-based ETF which allows invest in a basket of various cryptocurrencies. The fund will be called Huobi 10 and it will replicate the Huobi 10 index, which tracks the top 10 cryptocurrencies or coins with the largest market value and most liquidity.

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Disclaimer

The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don’t invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.

Weekly Update: Market Update / IOTA, ONT, EOS / China / S. Korea / Binance / Netherlands / Huobi

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