Key Facts Of The Day 05.07.2018

UK’s authorities consider blockchain technology to have a potential since it can bring a positive impact to several components of a country’s economy. These findings were released in a report titled "Unlocking Blockchain".

A British Parliament member, Eddie Hughes, has participated in the creation of the document. He emphasized the transparency of distributed ledger technology (DLT) that could prove pivotal in restoring social "trust deficit" towards the government. Hughes has also proposed to create a new post of a Chief Blockchain Officer, who would oversee the implementation of technology in an efficient way.

Another month, another lawsuit filed against Ripple. This time, a XRP token holder is suing the cryptocurrency startup and its CEO Brad Garlinghouse at the California Supreme Court.

David Oconer has stepped out to accuse the firm of manipulating XRP rates. The plaintiff believes that such machinations serve as definitive proof that XRP should be regulated as a security which means the company issuing it has violated U.S. federal laws when it released the tokens onto the open market.

Leading cryptocurrency exchanges have begun testing TRON network and the general consensus is leaning towards the positive side. In addition, mainnet has not reported any technical problems during the initial stage of the launch.

Each exchange checks the new network in its own way, but so far, all have noted its security and stability. Token transitions are being run through partnering exchanges. Trading platforms are now also checking compatibility of tokens with wallets, ability to deposit and withdraw funds and ultimately the speed of network.

Polish Bitcoin Association (PSB) is striving to prove that the actions of local financial institutions are contrary to the Constitution of the country. The organization filed a petition against the banks, assuring that they are shading cryptocurrency companies and hampering the development of innovative technologies.

At 15.40 (GMT+1) total cryptocurrency market capitalization stands at $271,8 billion

Tether (+0,49%) showed the best growth in the top-10

Dentacoin (+6,18%) showed the best growth in the top-100

The trading volume of cryptocurrencies for 24 hours reached $15,1 billion.

Click here for the full list of ongoing ICOs.

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By Ekaterina Ulyanova