Green start of the week
Bitcoin starts the week by rising almost 5%. At the time of writing, a Bitcoin costs $ 6150. Yesterday afternoon, Bitcoin got a real boost and rose from $ 5800 to $ 6200 in a short period of time.
This, of course, entails the rest of the market and the total market value is now around $ 250 billion.
EOS ranks highest in Chinese rankings
The Global Public Chain Technology Evaluation Index, which is the name of China’s state-aided crypto classification, has published their second edition of the classification. At the top of the list, we find EOS, followed by Ethereum in 2nd place. Bitcoin finds us down in 17th place of the 30 currencies analyzed.
EOS is at the top due to outstanding technical advantages in transaction confirmation efficiency, network throughput, and transaction costs.
The index is a monthly independent analysis that evaluates blockchain projects focusing on technology, utility and innovation.
Negative market sentiment in Asia
The news that Bithumb was hacked and that the Japanese FSA fights six exchanges has caused Asia’s atmosphere to sour. Market value is now back to where we were at the beginning of April and based on the technical picture in the market, there is nothing that suggests things to turn.
However, something that can help ease the mood is that downsizing after Mt. Gox bankruptcy is now completed following a verdict that was given last week. The parties are now commencing a so-called «civil rehabilitation proceedings». Earlier this year, the sudden fall in the market has subsequently been shown to be caused by major downturn from the Bitcoin stock belonging to the bankruptcy estate after Mt. Gox scandal.
Cardano Entrepreneur: Wall Street comes with billions
Charles Hoskinson, co-founder of Cardano, released a tweet saying that the money will come after the next wave of regulations. Wall Street money now unavailable becomes available and will flow into the market. He says that tens of trillion dollars will come in and that the future is bright.
On a question of what the sector builds is useful, apart from Bitcoin, he answers “an entirely new world”.