China’s Center for Information and Industry Development, or CCID, revealed on June 18 that its 18th CCID Global Public Chain Technology Evaluation Index. This index ranked 37 well-known global cryptos using technical specifications. According to the table published by local media Chainnews, Bitcoin (BTC) was placed in the 12th place, with 106.2 points. The criteria used to evaluate cryptocurrencies include basic technology, applicability, features, performance, safety, creativity and decentralization. At the top of the table, EOS leads the ranking with 156.1 points, followed by TRON with 138.43 points and Ether (ETH) with 136.4 points. The leading cryptocurrency scored 20.4 points …

Stephen Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, believes that the supremacy of the U.S. dollar is likely to be challenged and the greenback could decline by as much as 35%. This impending dollar weakness could benefit gold and cryptocurrencies. Several large traders have been accumulating Bitcoin (BTC) and according to on-chain data this has boosted the number of whales — traders holding 1,000 or more of the top-ranked cryptocurrency on CoinMarketCap — to 1,882. Usually, large traders build huge positions when they expect a sustained uptrend. Daily cryptocurrency market performance. Source: Coin360 …

Bitcoin (BTC) futures daily trading volume plunged sharply from about $20 billion on June 11 to about $5 billion on June 13. This is a negative sign because the volume increased during the sharp fall on June 11 but reduced during the rebound on June 12 and 13. On June 14, the top-ranked cryptocurrency on CoinMarketCap declined but the futures volume picked up, suggesting a higher number of bearish trades on market declines and a lesser number of bullish trades during pullbacks. While the trading volume fell, open interest on Bitcoin derivatives has risen to about $4 billion for the …

A report published by blockchain and AI investment firm Outlier Ventures has found a decline in developer activity of roughly 20% on average across 12 leading blockchain and cryptocurrency projects. In Outlier Ventures’ Blockchain Developer Report for the second quarter of 2020, the firm notes that development fell by half for top markets Bitcoin Cash (BCH), Eos (EOS), and Tron Tron (TRX). Despite the retraction in building, the firm notes that some signs of strong developer activity surrounding various crypto projects, with Theta (THETA) and Cardano (ADA) seeing increases in core code updates of 931% and 580% respectively. Top crypto …

The S&P 500 plunged 5.89% on June 11, its fourth-worst fall this year. This brought back memories of the sharp sell-off seen in March when investors dumped most asset classes as the coronavirus pandemic took hold. Although gold managed to close in the green on June 11, Bitcoin (BTC) plunged 6.16%. This suggests that investors sought the safety of gold over BTC, the top-ranked cryptocurrency on CoinMarketCap. The Organization for Economic Co-operation and Development said in a report that governments should prepare for a possible second wave of coronavirus cases. The OECD heavily emphasized the continuance of ultra-accommodative monetary policies …

About one-third of institutional investors surveyed by Fidelity said they have invested in digital assets. 25% of the survey participants said that they hold Bitcoin (BTC) and 11% confirmed that they hold Ether (ETH). While these are encouraging signs, the future looks even brighter as 91% of survey participants expect to hold at least 0.5% of their portfolio in crypto assets in the next five years. Total Bitcoin options open interest has risen from $1 billion on May 7 to over $1.5 billion on June 9, according to data from Skew. This shows growing interest among institutional investors who expect …

The total crypto market capitalization was close to $270 billion on May 8 and currently, the metric stands at $275 billion. This suggests that the crypto markets have been largely stuck in a range for about a month. Daily cryptocurrency market performance. Source: Coin360 As reported by Cointelegraph, Bitcoin (BTC) miners are holding on to their newly minted coins and this behavior usually occurs when Bitcoin holders expect higher price in the future. Data also shows that Bitcoin reserves on cryptocurrency exchanges have plunged to a 12-month low. The fundamentals are pointing to a possible rally in Bitcoin, but do …

Voice, the social media platform by EOSIO creator Block.one, announced that it will launch on July 4. According to a Tweet posted by Voice Chief Executive Officer (CEO) Salah Zalatimo on June 6, the social media platform will be available to readers on U.S. Independence Day, with only registered users able to publish content or engage online. “We had been building towards a big reveal this fall,” said Zalatimo, “but, we simply can't wait any longer. We need to take social back from big tech NOW.” The platform had been in beta testing since Feb. 14. The CEO said registration …

The U.S. equity markets are on a tear as the traders cheer the largest jobs gain ever. This report has improved sentiment as it suggests that the blip in the economy due to the pandemic was temporary. Many traders who had been sitting on the sidelines are likely to jump into stocks due to fear of missing out on what could be the early stages of a strong rally. This shift into stocks has resulted in a drop in gold price, which is considered as a safe haven against market volatility. However, it is important to note that the crypto …

Blockstream CEO Adam Back recently said that institutional money is not needed to propel Bitcoin (BTC) to $300,000 within five years. This is partially because the current financial situation could drive retail traders to look for alternative investments to preserve the value of money in a time where there is a lot of money printing across the world. This is likely to create enough demand from retail traders to start the next mega bull run in the top-ranked cryptocurrency on CoinMarketCap. A strong resistance level that has held on two or more occasions and resulted in a major reversal can …

EOS-based blockchain platform Telos has announced a partnership with virtual card provider All_EBT to scale the firm’s service for food assistance programs. The partnership will see Telos’ blockchain used to facilitate payments between All_EBT’s stakeholders in food assistance and public welfare. All_EBT is backed by Draper Associates, EOS, and Facebook, and allows recipients of electronic benefit transfers — or EBT — to spend those benefits online. The firm's website currently prompts users to join a waitlist. The firm previously won hackathons organized by Facebook and Y Combinator, and received the EOSIO Hackathon’s social impact award in 2018. All_EBT also provides …

The tensions between the United States and China have escalated once again. This is bad news for the global economy, which is currently witnessing one of the worst crises since the Great Recession. If either the U.S. or China does not keep up its part of the trade deal, this could make matters worse. Scrapping of the Phase I trade deal could ultimately result in a huge sell-off in global equity markets. If uncertainty persists, investors might consider taking shelter in safe-haven assets like gold and Bitcoin (BTC), the top-ranked cryptocurrency on CoinMarketCap. History also favors a Bitcoin rally as …