TokenInsight — Weekly Report 8/11–8/17

Trend Review

TI Index

During the period from August 11th to August 17th, the average TI index reflecting the overall performance of the blockchain industry was 600.29 points and decreased by 104.13 points(-14.78%), with a maximum of 649.78 points( at August 11th 12 am) and a minimum of 540.64 points( at August 14th 10am). Compared to last week, the TI index declined by 5.18%.

TIG Index

During the period from August 11th to August 17th, the average TIG index reflecting the overall performance of the blockchain industry was 490.29 points and decreased by 151.91 points(-23.65%), with a maximum of 584.04 points ( at August 11th 12 am) and a minimum of 409.19 points( at August 14th10am). Compared to last week,the TIG index declined by 15.74%.

Daily Continuously Compounded Rate of Return

On August 12th and 15th, the daily continuously compounded rate of return of TI Index was higher than that of BTC but lower than ETH index. On August 11th, 13th and 14th the daily continuously compounded rate of return of TI index was higher than that of ETH and lower than BTC. On August 16th and 117th, the daily continuously compounded rate of return of TI Index was higher than ETH and BTC at the same time.

Token Review

Among major cryptocurrency industries, the market performance of BTC and BCH in the payment currency category and the common platform category in which ETH and EOS are located enjoyed an outstanding performance(+28.26%%，+5.25%, the 1stand 3rdgainer); MIOTA, ETC in Internet of Things industry’s gains this week increase was lower than last week, but it’s ranking is still high(+0.06%, the 5th gainer).

During the period from August 11th to August 17th, the market has remained sluggish with nearly80% of the 1324tokens on listing decreasing in price. The mean weekly return rate is -1.15%, the median is -12.89%. The top three gainers are BBT (+512.61%), BET (+280.28%), ADL (+219.08%), while the top three losers are B@(-94.16%), ATX (-90.87%), BIFI (-85.03%).Among them, BET cooperated with FOne trading zone of ​​FCoin in this week, which got nearly three times the increase; BIFI was dragged down by the IFO, which decreased by more than 80%.

During the period from August 11th to August 17th, BTC showed a downward trend. The average price of BTC was $6,312.86, down $529.18 (-7.73%) from last week. BTC peaked at $6,588.35 on August 16th around 2:00am and fell to its lowest point to $5,970.30on August 14th at 11:00am. In total, the price of BTC increased this week by 0.77%, compared to this same period last week.

During the period from August 11th to August 17th, the average price of ETH was $301.76. ETH peaked at $362.87 on August 11th at 12:00am, and fell to its lowest point to $254.89 on August 14th around 11:00pm. In total, the price of ETH decreased this week by 17.29% compared to this same period last week.

During the period from August 11th to August 17th, the average price of EOS was $4.84. EOS peaked at $5.61 on August 1st at 12:00am and fell to its lowest point to $4.26 on August 14th around 10:00am. In total, the price of EOS decreased this week by 11.58% compared to this same period last week.

During the period from August 11th to August 17th, the average price of ETC was $13.01. ETC peaked at $15.23 on August 11th at 12:00am and fell to its lowest point to $10.33 on August 14th around 10:00am. In total, the price of ETC was increased this week by 9.05% compared to this same period last week.

During the period from August 11th to August 17th, the average price of ETC was $0.50. ETC peaked at $0.61on August 1st at 12:00am and fell to its lowest point to $0.41 on August 14th around 2:00pm. In total, the price of ETC decreased this week by 16.22% compared to this same period last week.

During the period from August 11th to August 17th，the average price of BCH was $541.36. BVH peaked at $601.20 on August 11th at 12:00am and fell to its lowest point to$480.62on August 14th around 11:00pm. In total, the price of ETC decreased this week by 8.63% compared to this same period last week.

Industry Sectors

According to TokenInsight’s industry classification for tokens, currently 5 token industry sectors have enjoyed positive returns this week, accounting for less than 24% of the overall 21 token industry sectors. The top 3 gainers this week were General Platform (+28.26%), Cross-chain and Side-chain (+12.51%), Payment Currency (+5.25%); while the top 3 losers were Other (-32.03%), Supply Chain (-20.35%), Medical Health (-19.94%).

On August 16th, according to Nasdaq official news, VeChain plans to cooperate with Norwegian technology service company DNV GL to provide a vaccine tracking solution based on blockchain technology. Affected by this positive, VET got a 30.89% increase this week, driving the general platform upwards in the industry.

During the period from August 11th to August 17th，the bitcoin ETF haze gradually spread over, bringing$6,000 psychological price getting back.ETH recorded the largest decline of 17.29%. During the week, the Ethernet failed to confirm more than 80,000 transactions for 4 consecutive days. Meanwhile FOMO re-launched the new game LastWinner in the morning on the 17th, whose response speed was worrying.

Current Events

Emergencies

Canaan’s 7nm Chip will on sale in September and the Mining Difficulty maybe Climbing again.

According to the official news of Canaan, the Avalon A9 series bitcoin mining machine with 7nm chip is expected to be on sale on September 20.

It’s the first 7nm chip production in the world, with the industry’s highest computing density, lower cost and greater capacity, low power consumption, high temperature resistance and high yield. Insiders pointed out that the use of 7nm chips is expected to increase the performance of the original miner by 1–2 times. This will undoubtedly have a huge impact on the mining industry, and the difficulty of mining bitcoin is expected to usher in new adjustments.

AAIS Collaborates with IBM to Transform Insurance Regulatory Reporting Automated Using Blockchain.

According to Coindesk, the American Insurance Services Association (AAIS) recently announced introduced the openIDL (open Insurance Data Link), built on IBM Blockchain, to help automate insurance regulatory reporting. It is understood that AAIS chose to build an open insurance data link system on the open-chain blockchain solution Hyperledger Fabric, which allows regulators to view the insurance company’s stored data on demand and simplify the regulatory process.

Hacker Attack Losses in the First Half of the Year Reached 2 Billion US dollars, Indicating Security of Digital Currency Needs to Be Improved.

According to data provided by Tencent Security, the number of hacking incidents related to digital currencies has increased by about five times from 2013 to 2018 (the first half of the year), and is expected to increase by about 10 times for the whole year. In the first half of this year, hackers’ attacks on cryptocurrencies have caused direct losses of $2 billion. Among them, the number of incidents caused by exchange problems is increasing.

On the one hand, because of lacking of legal regulation, hackers are unscrupulous. On the other hand, their technical protection system and supervision level are not as good as those of traditional financial institutions. Coupled with the low risk and high return caused by the anonymity of cryptocurrency, the cryptocurrency industry will inevitably be subject to the hacker.

The Value of Blockchain Electronic Bills is Beginning to Appear.

The Ant Financial Blockchain teamed up with the Aisino to test Blockchain Medical Electronic Bills Service. Since the beginning of August 2, nearly 600,000 medical electronic bills have been sent to or swept out by patients. The Blockchain Medical Electronic Bills Service is based on the alliance chain. The hospital, local finance bureau, local social security bureau, Aisino and Alipay are all nodes on the chain.

Yang Xueqing, an expert on Ant Financial blockchain business, said that eliminating duplicate reimbursement is a greater value for Blockchain Medical Electronic Bills. In addition, the fully automated process also brings great convenience to patients. At present, Tencent has also cooperated with the Shenzhen Tax Service. The two major payment giants have also launched the blockchain electronic bill business, which is bound to promote the steady development of such applications.

Released the DEMO Version of The Decentralized Exchange, The Binance Has Taken a New Step.

On August 9th, Zhao Changpeng, the founder of the Binance trading platform, launched a demo on Twitter to demonstrate the platform’s decentralized exchange. In the 6-minute video of Twitter, Zhao showed the demo version. He also said that do not expect too much at this stage, and have not yet completed the graphical user interface. The exchange will implement three basic functions: creation, listing and token trading. Since the listing date has not been disclosed, it remains to be seen when the exchange will be listed and how much volume can be processed.

Because traditional exchanges are vulnerable to hacking, decentralized exchanges are more secure than centralized traditional exchanges. Decentralized information creation allows users to protect the ownership of their monetary assets using a private key. According to reports, this solution can prevent cryptocurrency from being aggregated in a centralized “honeypot” by hackers as targets.

National Policies

The Hacker Attack Losses in the First Half of the Year Reached 2 Billion US dollars, and the Security of Digital Currency Needs to Be Improved.

According to data provided by Tencent Security, the number of hacking incidents related to digital currencies has increased by about five times from 2013 to 2018 (the first half of the year), and is expected to increase by about 10 times for the whole year. In the first half of this year alone, hackers’ attacks on cryptocurrencies have caused direct losses of $2 billion. Among them, the number of incidents caused by exchange problems is increasing.

The reason is that on the one hand, there is a lack of legal supervision, hackers are arrogant, and on the other hand, their technical protection system and monitoring level are not as good as traditional financial institutions. Coupled with the low risk and high return caused by the anonymity of cryptocurrency, the cryptocurrency industry will inevitably become a fat sheep under the hacker.

Released the DEMO Version of The Decentralized Exchange, The Binance Has Taken a New Step.

On August 9th, Zhao Changpeng, the founder of the Binance trading platform, launched a demo on Twitter to demonstrate the platform’s decentralized exchange. In the 6-minute video of Twitter, Zhao showed the depreciation exchange’s “anytime, withholding, prepaid” demo version. He also said that do not expect too much at this stage, and have not yet completed the graphical user interface. The exchange will implement three basic functions: creation, listing and token trading. Since the listing date has not been disclosed, it remains to be seen when the exchange will be listed and how much volume can be processed.

Because traditional exchanges are vulnerable to hacking, decentralized exchanges are more secure than centralized traditional exchanges. Decentralized information creation allows users to protect the ownership of their monetary assets using a private key. According to reports, this solution can prevent cryptocurrency from being aggregated in a centralized “honeypot” by hackers as targets.

International Policies

Released the DEMO Version of The Decentralized Exchange, The Binance Has Taken a New Step.

On August 9th, Zhao Changpeng, the founder of the Binance trading platform, launched a demo on Twitter to demonstrate the platform’s decentralized exchange. In the 6-minute video of Twitter, Zhao showed the depreciation exchange’s “anytime, withholding, prepaid” demo version. He also said that do not expect too much at this stage, and have not yet completed the graphical user interface. The exchange will implement three basic functions: creation, listing and token trading. Since the listing date has not been disclosed, it remains to be seen when the exchange will be listed and how much volume can be processed.

Because traditional exchanges are vulnerable to hacking, decentralized exchanges are more secure than centralized traditional exchanges. Decentralized information creation allows users to protect the ownership of their monetary assets using a private key. According to reports, this solution can prevent cryptocurrency from being aggregated in a centralized “honeypot” by hackers as targets.

Released the DEMO Version of The Decentralized Exchange, The Binance Has Taken a New Step.

On August 9th, Zhao Changpeng, the founder of the Binance trading platform, launched a demo on Twitter to demonstrate the platform’s decentralized exchange. In the 6-minute video of Twitter, Zhao showed the depreciation exchange’s “anytime, withholding, prepaid” demo version. He also said that do not expect too much at this stage, and have not yet completed the graphical user interface. The exchange will implement three basic functions: creation, listing and token trading. Since the listing date has not been disclosed, it remains to be seen when the exchange will be listed and how much volume can be processed.

Because traditional exchanges are vulnerable tohacking, decentralized exchanges are more secure than centralized traditional exchanges. Decentralized information creation allows users to protect the ownership of their monetary assets using a private key. According to reports, this solution can prevent cryptocurrency from being aggregated in a centralized “honeypot” by hackers as targets.

The Thailand SEC Announced the List of Seven Legally Operating Cryptocurrency Companies

The Thailand Securities and Exchange Commission (SEC) has published a list of seven cryptocurrency companies authorized to operate legally in the country. Five of them are cryptocurrency exchanges and two are cryptocurrency dealers. The five exchanges are Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Satang Corporation (Tdax) and Coin Asset. The two cryptocurrency dealers are Coins TH Co. Ltd. and Digital Coin Limited (Thai WM).

The committee urges cryptocurrency investors to check whether the companies have legal rights to operate in the country before getting to know cryptocurrency projects. About 20 companies have applied for cryptocurrency exchange licenses. In the meantime, the digital assets and cryptocurrency transactions in the Thai market are quite active.

The Thailand SEC Announced the List of Seven Legally Operating Cryptocurrency Companies

The Thailand Securities and Exchange Commission (SEC) has published a list of seven cryptocurrency companies authorized to operate legally in the country. Five of them are cryptocurrency exchanges and two are cryptocurrency dealers. The five exchanges are Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Satang Corporation (Tdax) and Coin Asset. The two cryptocurrency dealers are Coins TH Co. Ltd. and Digital Coin Limited (Thai WM).

The committee urges cryptocurrency investors to check whether the companies have legal rights to operate in the country before getting to know cryptocurrency projects. About 20 companies have applied for cryptocurrency exchange licenses. In the meantime, the digital assets and cryptocurrency transactions in the Thai market are quite active.

People’s Daily Press Publishes “Blockchain — Leading Cadre’s Reader” to Promote National Big Data Strategy

According to the official news of the People’s Daily Online, in order to help leading cadres at all levels understand the knowledge of blockchain, People’s Daily Publishing House published the “Blockchain-Leading Cadre Reader”. Based on the top-level design and strategic deployment of the national big data project, this book systematically and thoroughly explains the blockchain from the perspective of the origin, core characteristics, possible future application scenarios and challenges brought to business, law and technology.

This book and the series of books such as “Artificial Intelligence — Leading Cadre’s Reader” and “Digital China — Leading Cadres Reader” published by People’s Daily Publishing House are aimed at leading cadres to understand the status quo and trends of the development of new generation information technology. It reflects the important position of the blockchain at the national strategic level.

Giant Layout

Engaging Adding Departments and Recruiting, Facebook Bets on Blockchain in the Long-term

In recent months, Facebook’s blockchain team has been discussing and engaging with Stellar on how to use blockchain technology. Facebook can use blockchain technology to compete with big banks’ payment networks. A people familiar with the Facebook blockchain business said the company is betting on the blockchain for a long time, possibly similar to its investment in artificial intelligence. A recent job advertisement show that the company is looking to expand its encryption team.

In fact, in May of this year, Zuckerberg has set up a blockchain technology department, aiming at solving privacy security. From these initiatives, it can be seen that Facebook has given high expectations on the blockchain.

Axoni Announces $32 Million Series B Funding Led By Goldman Sachs And Nyca Partners To Expand Blockchain Offerings

Axoni, a leading provider of enterprise blockchain technology, announced today the completion of a $32 million Series B financing round led by Goldman Sachs and Nyca Partners, bringing Axoni’s total funding to date above $55 million. The financing round also included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Earlier this year, Goldman Sachs’ private wealth management department warned senior customers about the dangers of investing in cryptocurrencies. But it has been prudently laid out in the field of cryptocurrency. In February of this year, Goldman Sachs led the bitcoin financial services company Circle to announce the acquisition of the large cryptocurrency exchange Poloniex (P network), Goldman Sachs thus indirectly involved in the field of cryptocurrency transactions. In October, after the new CEO David Solomon, who is positive for Bitcoin, served on glodman, then the traditional investment bank may treat the cryptocurrency with a more open attitude.

Volkswagen Utters Bitcoin (BTC), Ethereum (ETH), IOTA (MIOTA) & Blockchain Real World Solutions

Volkswagen is rolling out new ideas that will allow these three tokens to participate in real-world purchases. They have decided to team up with their subsidiaries in a project that will integrate cryptocurrency and blockchain solutions into mainstream use. They’re building their own blockchain solution, regardless of whether they’re based on IOTA, Ethereum, or other crypto technologies. It wants to create added value for their customers. More security, more transparency, and partnership approaches to projects.

The blockchain brings authenticity and authority to the automotive industry, covering the automobile production, trading, after-market and financial industry chain. The admission of the public will definitely promote the application of blockchain in the fields of Internet of Things and Intelligent Manufacturing.

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