Blockchain Market Update: 28 August 2018

NKB TEAM 28. 08. 2018

Digital assets demonstrated positive performance. Bitcoin added 8%, Ethereum 2%, XRP 3%, EOS 11%. Best performers among the top-40 crypto were Nano (+88%), ICON (+47%), IOTA (+37%). All top-40 digital assets added some value over the week.

  • The Bitcoin dominance reached 52.9% from 52.2% a week ago. The 7-day performance was good, with no value lost, despite rather negative newsflow from China and the US. It looks like the market has already priced in most of the negative scenarios and stayed at the bottom. Bitcoin added 8%, Ethereum 2%, XRP 3%, EOS 11%. Best performers among top-40 crypto were Nano (+88%), ICON (+47%), IOTA (+37%).
  • SEC rejected 9 bitcoin ETF proposals
  • Singapore authorities may create a secure platform for selling tokenized securities
  • India Central Bank forms new unit to develop regulatory framework
  • Chinese regulatory agencies issued warning against crypto fundraising and trading, WeChat prohibits crypto payments
  • China may block access to 124 foreign crypto exchanges
  • Tech and Telecoms plan to invest millions in blockchain, according to Deloitte
  • ADAB Solutions launches first Islamic Crypto Exchange
  • Russian S7 airline tests blockchain for fuel payments tracking
  • Huobi may acquire a public firm for potential reverse takeover

Date: 28 August 2018

Crypto MktCap: $226 bn

24h volume: $12bn

BTC dominance: 52.9%

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NKB TEAM 28. 08. 2018

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