Abstract
Both market capitalisation and trading volumes have fallen sharply this week, narrowing slightly from last week. On March 18, the total market value of the 100 projects in the global block chain asset market was $2850.97 billion, down 17.69 percent from last week, with 64 projects falling more than 20 percent from last week's market value. Trading volume in 24h was down 10.61 per cent from the same period last week, and 10 projects were down more than 50 per cent. Cindicators and MinexCoin, which have been on a good performance this week, rose 9 and 11 respectively, all in the top 100. The Bitcoin price was $7720.85, down 12.03% from last week, and the Ethereum price was $519.96, down 24.35% from last week.
This week, the power and mining difficulties of bitcoins and Ethernet are growing. This week, the average value of the hash value of bitcoins is 24.97 EH/s, slightly up by 1.18%, and the average value of the whole network is 256.20 TH/ s, a small increase of 1.32% from the previous month. There has been a slight increase in the difficulty of mining this week in bitcoins and etheric, and forecasts will continue to grow next week. The proportion of BTC.com, the first in the pool, fell by 2.2 percentage points.
The market activity of both bitcoin and Ethernet has declined. The average number of transactions in each block this week fell 2.43 per cent compared with the previous month, and the number of verified nodes was up 0.3 per cent. The average number of transactions in the block of yitai square decreased by 2.87% compared with the previous month, and the number of verified nodes decreased slightly. In the github code, TRX is the most active, with 166cases this week. Both bitcoin and ittai's U.S. verification section still held the top spot, but both fell slightly.
This week new digital assets in the United States, block chain finance is the main application area. There are 98 digital asset projects completed this week. From the point of view of the country, it is the United States, Britain, Russia and Estonia. The areas with the largest number of new releases are block chain finance, followed by data services, payments, cultural entertainment, exchanges and health care.
- Weekly market review.
1.1 general overview of the industry.
The average daily market value of the 100 blockchain assets in the first 100 blocks of market capitalization has dropped significantly, narrowing slightly compared with last week. According to coinmarketcap data, as of March 18, 2018, the global chain block assets before the market value of the total market value of $100 and $285.097 billion, a 17.69% reduction over the week, or clear, a total of 64 projects from last week's market capitalisation fell more than 20%, where the highest project for Dragonchain, was 40.94%, and the 69th item last week Byteball Bytes, fell 38.94% this week, no change for 86, lower ranked the most.
Only three of the 100 projects in the market value of the first 100 projects have a daily market value of more than last week, respectively, Binance Coin, VeChain and Aion, among which BNB has the highest market value, up 12.13%, and the market value is up two places, ranking 23rd. The second is Aion, which is up 7.71%, and the market value is up 15 places, ranking 50. There is also VeChain, which is up by 2.6%, and the market value is up one place, ranking 16th. In addition, the four assets of Ontology, Nucleus Vision, Cindicator and MinexCoin entered TOP100 this week. The first two were new projects, and they did well after launch, ranking 43 and 94 respectively. On March 18, the Bitcoin price was $7720.85, down 12.03% from last week, and the Ethereum price was $519.96, down 24.35% from last week.
The trading volume of 52 items in the first 100 blockchain assets of the market has declined in 24 hours. On March 18, 2018, 48 items in the first 100 block chain asset projects were up over the weekend, with 21 items up more than 50% and the highest Cindicator, up 1187.21%. On the whole, the increase of 24-hour trading volume and the number of projects has decreased slightly compared with last week. In the local view, the extreme plunge and inflation has been reduced, and the average is compared. Ten projects fell by more than 50%, the highest by Byteball Bytes, and by 91.12%. Overall, the 24h trading volume of TOP100 projects this weekend was down 10.61% from last week.
1.2 performance of different categories of projects.
Currency projects were the biggest losers. As of March 18, 2018, global assets TOP100 block chain project, physical assets tokens project market capitalisation fell 1.8% last week, currency asset class and platform asset class total market value by 21.81% and 21.81% respectively from last week. In addition, the average market value of this week's platform projects was $3.064 billion, down 27.78% from last week, the biggest decline, followed by applications, with an average market value of 23.37%. The average market value of the real - asset class was reduced by 1.8%.
Global block chain asset TOP100 project classification composition is stable. As of March 18, 2018, in the market value of the top 100 in the project, the number of a class project on Thursday than flat, platform add a class project, the decrease in the number of COINS class project 1, the others all remain the same. The largest share of the market is still in the currency category, accounting for 58.63 percent, up 3.63 percent from last week.
- Technical capability analysis.
2.1 difficulty in the production of cryptocurrency and analysis of benefits.
This week the net is slightly up. On March 12, 2018, on March 18, 2018, the average value of the hash value of bitcoin was 24.97EH/s, an increase of 1.18% compared with last week.
This week, the average value of the hash-value of the whole network was 256.20 TH/S, which was up by 1.32% compared with last week, and it was 2229.09% higher than the lowest 11TH/S on July 20, 2015.
Mining difficulty continues to improve. On March 12, 2018, the average mining difficulty of bitcoin was 3.46T on March 18. BTC.com predicted that the mining difficulty of the next week would be 3.66T, up 5.83% from the previous month. The average mining difficulty was 3.21P, up 1.38% from the previous month.
The share of the pool was stable, with BTC.com accounting for just 2.2 percentage points. On March 12, 2018 to March 18, in the past week the currency cut out a piece of data for 1068, up 0.75% compared with last week, in which the top minmetals pool for BTC.com, AntPool, ViaBTC, SlushPool and BTC. Top, respectively 265, 171, 125, 119 and 87, 24.8%, 16.0%, 11.7%, 11.1%, and 11.7%, calculate the force were 6.20 EH EH/s/s, 4.00, 2.92, EH EH EH/s/s, 2.78 and 2.78 / s. The share of the mining pool has remained largely unchanged this week, with the share of BTC.com, the no. 1 spot, down 2.2 percentage points.
The bitcoin miners' fees fell, and the daily mining returns of the etherlands continued to fall for nearly nine weeks. On March 18, 2018, on March 18, 2018, the total cost of the whole network of bitcoins was 244.27BTC, down by 8.50% compared with last week. The average miner's cost this week was 1.84 per cent, down 8.92 per cent from last week.
The average daily mining return for this week was 20,350eth, down 0.73 percent from last week, and up 34.03% from 15183ETH on September 29, 2017, down 48.24% from the all-time high of 39316ETH on July 30, 2017. The daily mining returns of the etherlands are basically unchanged, with the recent nine weeks showing a slow decline.
2.2 activity statistics.
Average trading volume and blockchain size in both bitcoin and etheric are down this week. According to blockchain.info, on March 18, 2018, the average number of transactions per block in the week was 1213.57, down 2.43 percent from last week. The average size of each block was 0.75Mbs, down 26.44% from last week.
According to the etherchain data, the average number of transactions per block in this week was 113.27 times, down 2.87% from last week. The average size of the total network trading block was 20071.96bytes, which was 4.4 percent lower than last week, and 3389.55% higher than the lowest 575.2bytes on August 1, 2015, and 40.41% lower than the all-time high of 33683.8bytes on January 4, 2018.
The number of active miners is basically stable. On March 18, 2018, the number of active miners was 361, up 5.56% from the previous month. In recent weeks, the number of active miners has been basically stable.
The network verification node of bitcoins continues to rise, and the number of verified nodes in Ethernet is continuously decreasing. As of March 18, 2018, the currency validation node to 12108, and rose by 0.3% last week, the U.S. has 2699 nodes, accounted for 22.3%, China accounted for 17.8%, with 2155 nodes in Germany has 1975 nodes, accounted for 16.3%.
There are 5,507 nodes in the us, accounting for 34.02%. China has 1,878 nodes, accounting for 11.60%, and Russia has 960 nodes, accounting for 5.93%. In terms of the number of verification nodes, most of the nodes are distributed in countries such as the United States, China and Germany.
TRX is the most active github code activity last week. On March 11, 2018, the activity of TRX in github code was the highest, reaching 166, which was down 31.4% from last week. NULS activity was followed by 123’s, up 24.24% from the previous month. The rest of the code includes EOS,KMD, and other activity levels, but NAS,GNT and other activities are in the decline stage.
Block chain news for a week.
3.1 industry application
- Canada's mainstream Banks have applied for patents in the credit scoring platform using block chain technology.
In the fall, royal bank of Canada (RBC) applied for a patent for a credit scoring platform using block chain technology, according to a patent filing issued by the U.S. patent and trademark office on March 15. Using the distributed ledger technology described in the patent, the customer will "be notified when a third party credit check occurs or when the credit score changes." For example, consumers receive credit warnings if they do not pay their bills and have a negative impact on their credit score. With the block chain credit rating platform, all the data used to determine the credit score can be visualized, thus "giving the borrower credit knowledge". The patent also points out that credit scoring platforms will be able to receive credit data from more sources than traditional credit bureaus.
News source: https://cointelegraph.com/news/major-canadian-bank-files-patent-to-make-credit-scores-transparent-via-blockchain
China meteorological administration: the United Nations USES block chain technology to deal with climate change.
In January 2018, as using block chain technology to support for climate action, the United Nations framework convention on climate change (unfccc) secretariat initiated and contributed to the establishment of the "climate chain alliance", the alliance purpose and implementation of the Paris agreement is consistent with the long-term goal, is committed to using block chain technology to put forward a better solution to climate change. Block chain technology help improve the participation of stakeholders and transparency, and help to establish a trust mechanism in response to climate change, to provide more innovative solutions, thereby strengthening climate action. Because of the distributed network attribute of block chain, it can prevent monopolistic control of the system and improve the management efficiency in the joint action of human to cope with climate change. The technology records transactions are always open, ensuring transparency and traceability.
News source: https://www.cma.gov.cn/2011xwzx/2011xqxkj/qxkjgjqy/201803/t20180315_464181.html
- Pricewaterhousecoopers launched the block chain analysis tool to track the circulation of the COINS.
Pricewaterhousecoopers announced that it is currently testing a blockchain analysis tool designed to track the circulation of tokens. Pricewaterhousecoopers said the software would help scrip issue companies to prevent illegal misuse of tokens. The new analysis tool will allow currency issuers to track the circulation of their tokens and to allow them to take measures to prevent them from being used in illegal transactions.
News source: https://news.bitcoin.com/pwc-reveals-blockchain-analytics-tool-tracking - tokens /
Japan's third largest power supplier tested bitcoin payments via the lightning network.
Japan chu cloth, Chubu electric power company has with the local currency and Internet startup Nayuta has launched a proof of concept of cooperation, to explore how to use the lightning network (a promise is developing can help the currency user transaction cost cuts protocol) to pay COINS. The test is the company of COINS how to meet the demand of the Internet of things "market research" part, but he says the company has not yet formally plan to accept customer's lightning online payment.
News source: https://www.coindesk.com/japans-third-largest-electric-provider-testing-bitcoin-lightning/
- DHL and accenture jointly launched the block chain model for dealing with drug tampering.
DHL, the logistics giant, announced a partnership with accenture to create a supply chain model based on the blockchain on March 12. According to the report, DHL and accenture have created a serialized model based on blockchain that tracks the entire supply chain of drugs in six geographic regions. The classification of these drugs can be Shared with stakeholders, including manufacturers, warehouses, distributors, pharmacies, hospitals and doctors. Lab models show that the blockchain can handle more than 7 billion unique serial Numbers and 1500 transactions per second. By using the untamperability inherent in the blockchain technology, great progress can be made in highlighting tampering, reducing the risk of counterfeiting and saving lives.
News source: https://cointelegraph.com/news/dhl-accenture-reveal-blockchain-prototype-to-tackle-pharmaceutical-tampering
3.2 international policy
- The French regulator has proposed a new authorization system, which is recognized as a legal means of investment.
The French economy and finance ministry have confirmed that the regulatory framework proposed by the AMF will be recognized as a legitimate investment vehicle. The department noted that preliminary consultations with stakeholders and groups were necessary. The new regulatory framework proposed by the AMF will establish a licensing system where issuers will obtain operating licenses from AMF. According to the AMF, no license is prohibited. On the contrary, it means that issuers have to provide investors with specific guarantees on the use of funds raised.
News source: https://cointelegraph.com/news/french-financial-regulator-to-introduce-framework-legitimizing-s-in-policy-u-turn
- The blockchain and cryptocurrency are first written to the U.S. congress economic report: 2017 is the year of cryptographic currency.
The joint economic report for 2018 - used to assess the state of the U.S. economy and to make recommendations for the New Year. It is worth noting that an entire section of this year's report mentions cryptocurrency and blockchain. The authors suggest that lawmakers and the public get familiar with cryptocurrency and the underlying blockchain technology as soon as possible because it will be widely used in the future. Policymakers, regulators and entrepreneurs should work together to ensure that developers can deploy this kind of new block chain technology as soon as possible, at the same time to protect the American people from fraud, theft and abuse, and shall abide by relevant laws and regulations. Report added, "regulators should continue to coordinate with each other, in order to ensure the consistency of the policy framework, definition and scope of the jurisdiction of the," thought the government agencies "at all levels should be considered and examined the new USES of this technology."
News source: https://www.coindesk.com/crypto-featured-first-time-us-congress-economic-report/
- Thailand has approved a draft code of currency regulation to tax encrypted currency traders.
Thailand's cabinet approved two major royal decrees designed to regulate cryptocurrency trading and impose a tax on the capital gains of investors who encrypt money. The proposed law is not intended to ban encrypted money and its associated use, nor to ban s, primarily to protect users who invest in cryptocurrencies. These draft by the ministry of finance, the bank of Thailand, the United States securities and exchange commission and the office of anti-money laundering in countries such as formal review and discussion of the financial sector, signed by the cabinet as early as next week.
News source: https://www.ccn.com/thailand-begins-legal-process-regulate-tax-cryptocurrency/
- Japan and Germany will jointly call for the adoption of international regulations on bitcoin anti-money laundering through the G20.
Japan, France and Germany will join a joint proposal calling for strict regulation of the cryptocurrency market. In addition to protecting consumer rights, the proposals are said to focus on money-laundering and terrorism prevention. In addition, Banks are not allowed to hold encrypted currencies.
News source: https://bitcoinist.com/japan-france-germany-g20-regulate-bitcoin/
- The government of Ukraine legalized the mining of cryptographic money and brought it into the category of economic activities.
The government in Kiev has taken concrete steps to legalize the use of cryptocurrency mining. Ukraine's economy minister has asked multiple government agencies, agencies and national Banks to prepare the necessary documents to register domestic mining as economic activity. The ministry of economic affairs, the ministry of finance, the ministry of justice, the department of energy, and the agencies responsible for the electronic government and Ukraine's statistical services will draft documents to modify the registration process. Legalizing the mining industry will also reduce the loss of high-quality IT talent and ease the pressure on the domestic cryptocurrency community.
News source: https://news.bitcoin.com/ukraine-to-legalize-crypto-mining-as-economic-activity/
- Dutch finance minister: international cooperation on cryptocurrency regulation is imminent.
Dutch finance minister Wopke Hoekstra has informed the senate and the house of representatives, he plans to encryption monetary regulatory action, he claimed that the plan is expanding, because of the need to better regulation of encryption currency. Hoekstra will join the financial action working group, which will focus on combating money laundering and combating the financing of crime and terrorism through international cooperation. It also means that financial institutions should do their due diligence, including identification of customer identities. In addition, financial institutions must register to comply with the requirements of reliability and report abnormal transactions to the national financial intelligence service. He said he would work on ways to regulate Europe, pointing out that it could be used to finance new products, but that the financing was essentially speculative. He will also look for ways to deal with derivatives, such as futures and binary options.
News source: https://www.ccn.com/dutch-finance-minister-urges-multi-national-regulation-of-cryptocurrencies/
- The Singapore monetary authority: the technology is not guilty, encryption tokens can be currency.
At this year's Money2020 conference, the head of Singapore's monetary authority issued a view on cryptocurrencies. The monetary authority of Singapore chose not to regulate encryption tokens directly. The hkma will keep a close eye on activities related to cryptographic tokens, different risk assessment of this kind of activity, the hkma is considering reasonable regulatory response at the same time, must ensure that will not affect innovation. In the field of cryptocurrency, the important risk of the hkma is financial stability, money laundering, investor protection and market mechanism. Regulators and cryptocurrency industries must work together to ensure that bad currencies do not take root. The birth of a new generation of cryptographic tokens, using the potential of blockchain technology for the benefit of society, also reduces the risk of today's tokens.
News source: https://www.8btc.com/mas-crypto-token.
- The us hearings are again in discussions with cryptocurrencies.
Capital markets, securities and investment, the United States congress held subcommittee hearings, its currency, as well as the existing regulatory framework to discuss encryption will be enough to protect investors. In the hearing of a speech including academic experts and encryption monetary industry representatives, is the main point of the MPS Huizenga, regulators must clear the legal status of encryption assets, in helping entrepreneurs to innovate at the same time ensure related processes comply with the provisions of the federal law. The hearing will create a regulatory and operational nightmare for lawmakers in the emerging area of encryption assets, especially.
News source: https://www.ccn.com/productions-debates-s-cryptocurrency-regulation-in-and-subommittee-hearing/.
- The European commission: no means has been taken to track the cryptocurrency mining activities, since it is not an illegal activity.
According to the European economic and social committee number maria, Gabriel (Mariya Gabriel), the European commission has confirmed are paying attention caused by encryption monetary mining related issues brought by the power consumption increases. The statement said there was no legal basis to ban or restrict energy consumption within the eu. Cryptocurrency mining can bring high valuations to cryptocurrencies. Increasing power consumption and costs could increase the value of cryptocurrencies and slow the growing market demand. It is critical that many blockchain technologies have promising applications that do not have huge demand for electricity.
News source: https://www.8btc.com/european-commission-watching-energy
3.3 technical progress
- Intel applied for digital copyright patent under block chain technology.
Intel recently filed a patent with the U.S. patent and trademark office, saying it found a way to download, edit and store digital images using the block chain. Intel said the patent could be used to assist in recording and verifying digital content related to copyright protection, such as when the content was created and the content was duplicated and modified.
News source: https://www.sohu.com/a/225828892_115060
- The lightning network launched the test version LND 0.4.
The lightning network tweeted that the first test version of LND 0.4 was launched. At present, LND 0.4 supports the operation of Bitcoin Core client and realizes the coordination of funds through smart contracts; The old P2PKH address is not supported by the segwit format only. The future will be further realized: 1. Guarantee the fund security of lightning network users through backup and monitoring of invalid channel transactions; 2. Atomic multi-path payment allows large lightning network transactions to be divided into a series of small transactions; 3. Launch desktop and mobile applications; 4. Publish routing node tools and documents; 5. Carry out atomic level cross - chain exchange with cryptographic assets such as leiter.
News source: https://blog.lightning.engineering/announcement/2018/03/15/lnd-beta.html
- This week's new digital asset project.
A total of 98 new digital assets were completed this week. From the national perspective, 69 asset projects collect national information, and the countries with the largest number of projects are the United States, Britain, Russia and Estonia. Among them, the United States has 18 projects, accounting for 26.0%. Second, Britain, Russia and Estonia have six, five and five respectively, accounting for 8.7%, 7.2% and 7%, and 49% of the remaining 19 countries or regions. From the perspective of project type, 78 asset projects have a clear classification, and the largest asset class is block chain finance, including 31, accounting for 39.7%, and the largest number of existing projects. Next came data services, payments, cultural entertainment, exchanges and health care, accounting for 12.8%, 11.5%, 8.9%, 5.1%, 3.8%, and the rest accounted for less than 3%. In general, this week's new digital assets project countries are widely distributed, but still more concentrated in the United States; The project type is mainly applied, and block chain finance is the main application field.
(Reference to network)