{"id":616,"date":"2018-11-16T19:11:31","date_gmt":"2018-11-16T11:11:31","guid":{"rendered":"\/\/www.coincola.com\/blog\/?p=616"},"modified":"2021-08-30T16:28:16","modified_gmt":"2021-08-30T08:28:16","slug":"weekly-updates-vol-3-2018-11-3-2018-11-9-2","status":"publish","type":"post","link":"\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/","title":{"rendered":"Weekly Updates Vol.2 (2018.11.12-2018.11.16)"},"content":{"rendered":"

Weekly Market Review<\/h2>\n
    \n
  1. Market Status quo
    \n<\/span>As of 15:00 GMT on Friday (November 16th), the total market capitalization reaches 185.759 billion dollars, and transaction volume of cryptocurrencies reaches 19.882 billion dollars. Compared to last Friday, the total market cap downed about 13% while transaction volume rose about 47%. The mainstream cryptocurrencies\u2019 price has dropped significantly, with BCH recorded the biggest dip. Compared to last Friday, BTC, ETC, BCH, and DASH are reported to drop by 12.8%, 15.22%, 27.2%, and 14.9% respectively.<\/li>\n
  2. Market Analysis<\/span>
    \nBy the end of Nov 15th<\/sup>, the total market cap of cryptocurrencies shrank to $181.324 which had fell over 10%. Prices of all mainstream currencies also have suffered. Particularly, the price of both BTC and BCH had decreased by nearly 10%. Market pessimism might be one of the reasons affecting the changes in market price. Uncertainty amongst investors in regard of the BCH hard fork is also reflected in the cryptocurrencies\u2019 market performance this week.<\/li>\n<\/ol>\n

     <\/p>\n

    Weekly Industry News<\/h2>\n
      \n
    1. BCH ABC Mined 31 Blocks ahead
      \n<\/span>Official Coin Dance website showed that the bitcoin cash network has now been upgraded. The data shown that 76 blocks have been mined under the new consensus rules and Bitcoin ABC is currently 31 blocks ahead.<\/li>\n
    2. Venezuela: Petro Can Be Converted Into Any Cryptocurrency<\/span>
      \nNicolas Maduro, Venezuela\u2019s president, confirmed that anyone who buys Petro can convert it into any digital currency or international convertible currency from now till December 31st<\/sup>. Such act offered a new incentive for citizens to purchases the country\u2019s newly launched national digital currency. Read more: Source of information<\/a><\/li>\n
    3. Cryptocurrency ATM Growth Spiked Exponentially to 4,000 Machines Worldwide<\/span>
      \nAccording to global statistics provided by Coinatmradar.com, there are now close to 4,000 cryptocurrency automated teller machines (ATMs). Read more:       Source of information<\/a><\/li>\n<\/ol>\n

       <\/p>\n

      Policy Information<\/h2>\n
        \n
      1. Vietnam Report Prompts Government Action on Crypto Regulation
        \n<\/span>A new report published in Vietnam discussed the potential changes on current cryptocurrency regulation and practice. Hanoi\u2019s Ministry of Justice provided the government food for thought, including bringing Vietnamese rules on digital currencies in line with other countries overseas where cryptocurrency is more firmly established. Read more:         Source of information<\/a><\/li>\n<\/ol>\n

         <\/p>\n

        CoinCola Promotion<\/h2>\n

        \u201cBe social and receive free bitcoin\u201d<\/strong><\/p>\n

        CoinCola hosted an international contest to gain free Bitcoin. Users are encouraged to share CoinCola with friends in return for the Bitcoin reward. Read more: Source of information<\/a><\/p>\n

        Earn $10 Trading Bonus<\/strong><\/p>\n

        CoinCola also launched a promotion to earn $10 trading bonus. Users who trade with CoinCola\u2019s OTC platform can earn 10% of the trading volume upon the completion of each transaction.Read more: Source of information<\/p>\n

         <\/p>\n

         <\/p>\n

         <\/p>\n

         <\/p>\n","protected":false},"excerpt":{"rendered":"

        Weekly Market Review Market Status quo As of 15:00 GMT …<\/p>\n","protected":false},"author":12,"featured_media":618,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[79],"tags":[],"yoast_head":"\nWeekly Updates Vol.2 (2018.11.12-2018.11.16) - CoinCola Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.coincola.com\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Updates Vol.2 (2018.11.12-2018.11.16) - CoinCola Blog\" \/>\n<meta property=\"og:description\" content=\"Weekly Market Review Market Status quo As of 15:00 GMT ...\" \/>\n<meta property=\"og:url\" content=\"\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinCola Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CoinColaGlobal\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-16T11:11:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-30T08:28:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2018\/11\/Screen-Shot-2018-11-16-at-6.31.35-PM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1181\" \/>\n\t<meta property=\"og:image:height\" content=\"386\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"January\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CoinCola_Global\" \/>\n<meta name=\"twitter:site\" content=\"@CoinCola_Global\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"January\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"2\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/\",\"url\":\"https:\/\/www.coincola.com\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/\",\"name\":\"Weekly Updates Vol.2 (2018.11.12-2018.11.16) - CoinCola Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.coincola.com\/blog\/#website\"},\"datePublished\":\"2018-11-16T11:11:31+00:00\",\"dateModified\":\"2021-08-30T08:28:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.coincola.com\/blog\/#\/schema\/person\/6dcc2d959cf696f451f1ca8dfa54494b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.coincola.com\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/#breadcrumb\"},\"inLanguage\":\"zh-CN\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.coincola.com\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.coincola.com\/blog\/weekly-updates-vol-3-2018-11-3-2018-11-9-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.coincola.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weekly Updates Vol.2 (2018.11.12-2018.11.16)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.coincola.com\/blog\/#website\",\"url\":\"https:\/\/www.coincola.com\/blog\/\",\"name\":\"CoinCola Blog\",\"description\":\"Buy and Sell Bitcoin\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.coincola.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"zh-CN\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.coincola.com\/blog\/#\/schema\/person\/6dcc2d959cf696f451f1ca8dfa54494b\",\"name\":\"January\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-CN\",\"@id\":\"https:\/\/www.coincola.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/37f0f8d44bd541ca0a57797bea700179?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/37f0f8d44bd541ca0a57797bea700179?s=96&d=mm&r=g\",\"caption\":\"January\"},\"description\":\"Yo, I'm all about that sweet spot where finance and tech collide. 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