huobi research weekly vol - huobi blog...nov 12, 2018 · among all cryptocurrency project...

Huobi Research Weekly（Vol.37）

2018/11/12-2018/11/18

Abstract

This week, the overall market capitalization for the top 100

cryptocurrencies declined, with 90 projects decreased in value to varying

degrees. According to coinmarketcap, as of November 18th , 2018, the total market

cap of the top 100 cryptocurrencies was 175.80 billion U.S. dollars, decreased by

13.98% from last week. 9 cryptocurrency projects entered the top 100 this week.

As of November 18th 2018, Bitcoin was traded at 5563.68 USD, 13.16% lower

than its price last week. Ethereum was traded at 170.80 USD, 19.15% lower than

its price last week.

Bitcoin’s average block size decreased while the average number of

transactions per block increased; Ethereum’s block size and the average

number of transactions per block both decreased. Number of unconfirmed

transactions in Bitcoin increased by 10.12%, and that in Ethereum increased

drastically from the previous week. Total transaction fee increased for both

Bitcoin and Ethereum.The 7-day average of unconfirmed transactions for Bitcoin

and Ethereum are 8293 and 79818 respectively. Bitcoin’s Hashrate increased by

2.0% and Ethereum’s decreased by 0.05%. The average transaction fees on the

Bitcoin and Ethereum network this week were $0.424 and $0.168, increased 15.5%

and increased 51.4% respectively. Total number of addresses on the Bitcoin and

Ethereum network reached 30.61 million and 49.58 million, respectively.

INS was the most active project on GitHub this week, with 381 commits

submitted in the past week. Swachhcoin was the most popular group on

Telegram. In terms of community activity, Bitcoin, Ethereum, and Ripple remained

as the most popular communities on Facebook and Twitter. Swacchcoin attracted

the most fans on Telegram in the last 24 hours. According to <Huobi Blockchain

Big Data Weekly Insights>, New Data Included 1) Tron DApps Activity，2）

EOS/ETH/TRON DApps Activity Comparison. EOS DApp activity increased by

36%. EOS>TRON>ETH in terms of total number of in-DApp transactions.

2 investment activities took place in the blockchain industry this week..

Related Reports 《Huobi Blockchain Big Data Insights (Vol.23)》2018-11-16 《Huobi Research Weekly (Vol.36)》2018-11-13 《Huobi Focal Point 16》2018-11-13

Authors Yuming Hubery Yuan Wenting Chi [email protected]

mailto:[email protected]

Huobi Research Weekly

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Table of Contents

1. Weekly Market Review ............................................................................... 3

1.1 Market overview ............................................................................................................................. 3 1.2 Segment Analysis ............................................................................................................................ 5

2. Technical Statistics ..................................................................................... 7

2.1 Cryptocurrency Mining Statistics ...................................................................................................... 7 2.2 Activity Statistics .......................................................................................................................... 10 2.3 Community Activity Statistics ........................................................................................................ 16 2.4 Huobi Blockchain Big Data Weekly Insights .................................................................................... 17

3. Weekly Blockchain News Review ............................................................... 20

3.1 Industrial Application .................................................................................................................... 20 3.2 International Policies ..................................................................................................................... 21 3.3 Technological Breakthrough ........................................................................................................... 23

4. Weekly Investment Activities .................................................................... 24


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1. Weekly Market Review

1.1 Market overview

This week, the overall market capitalization for the top 100

cryptocurrencies declined, with 90 projects decreased in value to varying

degrees. According to coinmarketcap, as of November 18th , 2018, the total

market cap of the top 100 cryptocurrencies was 175.80 billion U.S. dollars,

decreased by 13.98% from last week, among which, HC had the largest

decreased of 36.69% and its market cap ranking dropped to No.100. In

addition, there were 9 projects that entered TOP100, namely, FCT (increased

86.75%, now No.71), SRN (increased 77.24%, now No.83), ODE (increased

22.71%, now No.84), DGTX (increased 10.51%, now No.93), ELA

(increased 4.26%, now No.91), BOS (decreased 10.29 %, now No.94), INB

(decreased 16.78%, now No.98), PAY (decreased 19.28%, now No.99),

THETA (decreased 21.77%, now No.99). As of November 18th , 2018, Bitcoin

was traded at 5563.68 USD, 13.16% less than its price last week. Ethereum

was traded at 170.80 USD, 19.15% less than its price last week.

Table 1.1: Top Five Price Increases and Decreases

Symbol Price decrease Symbol Price increase HC -34.74% FCT 89.02% IOST -34.52% ODE 11.54% LRC -33.78% DGTX 4.06% AION -33.76% TUSD 0.44% WTC -33.43% PAX 0.39% Source: coinmarketcap

The overall 24h trading volume remained stable this week. Overall, the

24h trading volume increased by 0.02% compared with the same period of

last week. In this week, 42 of the top 100 projects increased by more than 20%

in 24h trading volume, of which the highest was FCT, with an increase of

9649.35%; there were 27 projects that saw over 20% decline in their 24h

trading volume, of which the highest was ETN, with an decrease of 87.69%.


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Figure 1.1: The Market cap and 24-hour Trading Volume for TOP100 cryptocurrencies

Source: coinmarketcap

The top 10 cryptocurrencies’ market share distribution remained stable,

with XRP surpassing ETH, which became the 2nd largest cryptocurrency

in terms of market capitalization. On November 18th , the overall market

cap of the top 10 cryptocurrencies was 157.06 billion USD, down by 13.39%

from last week, accounting for 85.97% of the total market capitalization of

cryptocurrencies, similar to last week. As of November 18th, XRP surpassed

ETH, which became the 2nd largest cryptocurrency in terms of market

capitalization. BTC’s dominance was 52.94%, up by 0.70% from last week.

Figure 1.2: TOP10 Cryptocurrencies’ Market Share of Total Cryptocurrencies Market



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Figure 1.3: TOP10 Cryptocurrencies’ Market Share of Total Cryptocurrencies Market Changes

Source： coinmarketcap

1.2 Segment Analysis

Among all cryptocurrency project segments, the total market cap of

Platform projects received the largest decrease, while the average market

cap of Coin projects received the largest decrease. As of November 18th,

2018, the total market cap of Platform projects reached 29.32 billion USD,

decreased by 18.93% compared to last week, which is the biggest decrease

among all project categories. In addition, average market cap of Coin projects

was 5.11 Billion USD, decreased by 14.73% compared to last week.

Figure 1.4: TOP100 Cryptocurrencies Market Segment Capitalization


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Figure 1.5: TOP100 Cryptocurrencies Segment Average Market Cap

The market segment distribution of the top 100 cryptocurrencies

remained stable. As of November 18th , 2018, the proportion of the market

segments has remained stable among the top 100 compared to last week. The

number of Platform projects decreased by 2, the number of Application class

projects increased by 2. The largest overall market cap by segment was still

coin projects, accounting for 63.93%, slightly increased from last week.



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Figure 1.6: TOP100 Cryptocurrencies Segment Ratio Figure 1.7: TOP100 Cryptocurrencies Segment Market Share

Source: coinmarketcap Source: coinmarketcap

Note: According to the different attributes of cryptocurrencies, Huobi Academy of Blockchain

Application will divide them into four categories: Coin, Application Class, Platform Class and Asset-

backed Token.

Coin Project: Refers to a type of asset developed based on blockchain technology that does not

correspond to a specific use scenario and whose main function is only the transaction target. Its asset

value is mainly reflected by liquidity.

Platform Class Project: A type of asset that is associated with the development of the underlying

technology of the blockchain and is supported by the right to use or participate in the platform.

Application Class Project: Refers to a type of asset that is associated with a specific application

scenario and is supported by a certain right of use, participation, or dividend.

Asset-backed Project: Refers to a class of assets that is linked to actual assets such as gold and US

dollars and supported by the value of physical assets.

2. Technical Statistics

2.1 Cryptocurrency Mining Statistics

Hashrate of Bitcoin increased while that of Ethereum decreased this

week. On November 18th, 2018, the average bitcoin Hashrate for the entire

network reached 46.72 EH/s, decreased by 2.0% from the previous week.

Average Hashrate for the entire Ethereum network was 237.509 TH/s this

week, decrease by 0.05% from the previous week.


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Figure 2.1: Bitcoin Hashrate Changes

Source: blockchain.info

Figure 2.2: Ethereum Hashrate Changes

Source: etherchain


9

This week, the difficulty of mining Bitcoin remain unchanged while that

of Ethereum increased. On November 19th, 2018, average difficulty for

mining Bitcoin this week was 7.183T, decreased by 0.01% compared with

the previous week. The average difficulty of mining Ethereum this week

was 3.04P, increased by 0.66% compared to the previous week.

Figure 2.3: The Difficulty of Mining in Bitcoin Figure 2.4: The Difficulty of Mining in Ethereum

Source: blockchain.info Source: etherchain

The percentage of BTC.com in the overall mining pool market slightly

decreased, and the top 5 mining pools was similar to that of last week.

The overall distribution of the Ethereum mining pools remained stable.

In the past week, Bitcoin mined 921 blocks, similar to the previous week.

Among the top five pools were BTC.com, Slushpool, AntPool, F2Pool, and

ViaBTC; these 5 pools mined 140, 117, 111, 106 and 86 blocks respectively,

accounting for 15.20%, 12.70%, 12.05%, 11.51% and 9.34% of all Bitcoins

mined this week. The Hashrate was 7.04EH/s, 5.89EH/s, 5.59EH/s, 5.33EH/s

and 4.33EH/s respectively.

In the past week, Ethereum's entire network mined 42908 blocks, increased

by 0.19% from the previous week. The top five pools are Ethermine,

SparkPool, f2pool_2, Nanopool, and miningpoolhub_1, which mined 11541,

9348, 5503, 4574 and 3629 blocks respectively, accounting for 26.96%,

21.84%, 12.85%, 10.86%, 8.48% of all Ethereum mined this week,

respectively.


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2.2 Activity Statistics

Bitcoin’s average block size decreased while the average number of

transactions per block increased; Ethereum’s block size and the average

number of transactions per block both decreased. According to

blockchain.info, from November 12-18, 2018, the average size of each block

was 1.06 MB, decreased by 0.93% from last week; there were on average

2114 transactions recorded in each block, increased by 2.27% from last week.

Figure 2.5: Distribution of Bitcoin Mine Pool

Source：BTC.com

Figure 2.6: Distribution of Ethereum Mine Pool

Source：etherscan.io


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Figure 2.7: Block Size of Bitcoin Figure 2.8: The Average Transactions of Per

Block in Bitcoin

Source：blockchain.info Source：blockchain.info

According to etherchain, the average number of transactions per block in

Ethereum this week was 89.28, decreased by 1.99% compared to the previous

week. The average size of each block was 17176 bytes, decreased by 3.12%

compared to last week.

Figure 2.9: Evolution of the average size of an Ethereum block Figure 2.10: The number of transactions per day

Source: etherchain Source: etherscan.io

Number of unconfirmed transactions in Bitcoin increased by 10.12%,

and that in Ethereum increased drastically from the previous week. As of

November 19th, 2018, the number of 7-day average unconfirmed transactions

in Bitcoin network was 8293, increased by 10.12% from last week. There

were 79818 unconfirmed transactions in the Ethereum network, with the

lowest amount of unconfirmed transactions in the week being 203 and the

highest amount being 89378.


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Figure 2.11: Unconfirmed Transaction in Bitcoin

Source: blockchain.info

Figure 2.12: Unconfirmed Transaction in Ethereum

Source：etherscan.io

Total transaction fee increased for both Bitcoin and Ethereum this week.

As of November 18th, 2018, average transaction fees of Bitcoin this week

was $0.424, increased by 15.5% from last week. Average transaction fees of

Ethereum this week was $0.168, increased by 51.4% from last week.


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Figure 2.13: Bitcoin, Ethereum Average Transaction Fees

Source：bitinfocharts

The average number of distinct miners per day in Ethereum decreased

slightly. From November 12-18, 2018, the average number of distinct miners

per day in Ethereum this week was 62.43, decreased by 3.10% from last

week’s 64.43.

Figure 2.14: Number of Distinct Miners Per Day

Source：etherchain

The number of nodes increased slightly for both Bitcoin and Ethereum.

As of November 19, there were 10213 Bitcoin nodes, increased by 0.87%

compared to last week, of which 2413 nodes were in the U.S, 1954 nodes

were in Germany, and 625 nodes were in China, each accounting for 23.63%,

19.13% and 6.12% of the total number of Bitcoin nodes, respectively.


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As of November 19th, 2018, there were 11478 Ethereum nodes, decreased by

8.05% from the previous week. Specifically, there were 5009 nodes in the U.S,

1480 nodes in China, and 839 nodes in Canada, each accounting for 43.64%,

12.89%, and 7.31% of total number of nodes, respectively.

Figure 2.15: Bitcoin nodes ranking

Source：bitnodes

Figure 2.16: Ethereum nodes ranking

Source：Ethernodes


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This week, the growth rate for new addresses increased for Bitcoin and

Ethereum. According to the data on blockchain.info, as of November 19,

2018, the total number of Blockchain accounts reached 30612956, increased

by 341286 this week.

According to the data on etherchain, as of Nobember 18th, 2018, the total

number of Ethereum addresses was 49581392, increased by 679428 this week.

Figure 2.17: Bitcoin Wallet Users Figure 2.18: Total Address of Ethereum

Source：Blockchain.info Source：Etherscan

INS was the most active project in GitHub last week. From November 12-

18, 2018, INS was the active project repository on GitHub with a total of 381

commits. ZRX ranked second at 93 commits.

Figure 2.19: GitHub Code Activity

Source：cryptomiso


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2.3 Community Activity Statistics

The top three most popular cryptocurrencies on Facebook were Bitcoin,

Ethereum, and Ripple in descending order, with 430k, 151k and 141k fans

respectively. The top three most popular cryptocurrencies on Twitter were

Bitcoin, Ripple and Ethereum, with 960k, 906k, and 435k followers,

respectively.

As of November 19th, Swacchcoin received the most attention on Telegram,

seeing an increase of over 160k fans.

Table 2.1: Facebook Cryptocurrency Fans Ranking Table 2.2: Twitter Cryptocurrency Fans Ranking

RANK Cryptocurrency Fans (thousands) RANK Cryptocurrency Fans (thousands)

1 Bitcoin 43.0 1 Bitcoin 96

2 Ethereum 15.1 2 Ripple 90.6

3 Ripple (XRP) 14.1 3 Ethereum 43.5

4 Litecoin 9.89 4 Litecoin 43.4

5 IOTA 4.99 5 Dash 31.8

6 Dash 3.8 6 TRON 35.0

7 XVG 3.4 7 Monero 31.1

8 NEO 3 8 Verge 30.6

9 Monero 2.9 9 OmiseGO 28.8

10 LISK 2.87 10 Stellar 25.7

Source：facebook Source：twitter

Figure 2.20: Telegram Cryptocurrency Fan Ranking

Source：icowhitelists

https://www.facebook.com/groups/ohyaaaa/?ref=br_rs

https://www.facebook.com/groups/ohyaaaa/?ref=br_rs

https://www.facebook.com/groups/Ethereum/?ref=br_rs

https://www.facebook.com/groups/1294281033992041/?ref=br_rs

https://www.facebook.com/groups/Ethereum/?ref=br_rs

https://www.facebook.com/groups/thelitecoin/?ref=br_rs

https://www.facebook.com/groups/OmiseGO.OMG/?ref=br_rs

https://coinmarketcap.com/currencies/stellar/


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2.4 Huobi Blockchain Big Data Weekly Insights

Based on transaction volume, BetDice, EOS Jacks, Blackjack-EOS Poker,

Funcity, and EOS Knight were the 5 most popular EOS dApps this week.

Based on the information above, Huobi Research analyzed total number of

transactions and total transaction volume of all 155 currently active EOS

dApps. Currently, gambling dApps accounted for 84% of total EOS

transaction volume (80% last week) and 92.91% of total number of

transactions (91.7% last week), the most popular among all dApp categories.

The activity of EOS dApps increased by 36% this week, among which, that

of gambling dApps increased by 37%, that of cryptocurrency exchange dApps

stayed the same, and that of game dApps increased by 20%.

There were 12 gambling dApps, 1 game dApp (EOS Knight), 1 distributed

cryptocurrency dApp (WhaleEx) and 1 other dApp (PRA CandyBox) among

the 15 most popular EOS dApps this week.

Figure 2.21: EOS DApp Activity

EOS DAPP Categorization（1.By Transaction Volume 2. By Number of Transactions）


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EOS DAPP Activity By Time

Source: DAPPRADAR, Huobi Research

Based on transaction volume, IDEX, Dice2win, CryptoKitties, Ethereum

Name and FolkDelta were the 5 most popular ETH dApps this week.


transactions and total transaction volume of all 1191 currently active ETH

dApps. Currently, cryptocurrency exchange dApps accounted for 70% of

total ETH transaction volume and 32% of total number of transactions, the

most popular among all dApp categories.Based on transaction volume,

IDEX, Dice2win, CryptoKitties, Ethereum Name, and ForkDelta were the

5 most popular ETH dApps this week.

Figure 2.22: EOS DApp Activity and EOS DApp Categorization (left: by transaction volume; right: by number of transactions)


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Data Source: Huobi Research, DappRadar

Based on transaction volume, TRON DICE, TRON BET, and HitDAPPs were

the 3 most popular TRON dApps this week.


transactions and total transaction volume of all 17 currently active TRON

dApps. Currently, gambling dApps accounted for 99.3% of total TRON

transaction volume and 98% of total number of transactions. Nearly all TRON

dApps are gambling dApps.

Figure 2.23: Tron DApp Activity

Source: DAPP Review, Huobi Research

Huobi Research analyzed daily active transactions of dApps of 3 currently

active and popular public chains (EOS, ETH, TRON). EOS leads with an

average of 2 million daily transactions, TRON ranks second with that of

0.5 million and ETH ranks third with that of 0.4 million.

Figure 2.24: DApp Activity Comparison


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Source: DAPP Review, Huobi Research

Note: The content of this section comes from Huobi Big Data Weekly

Insights Vol. 23, with all data captured and analyzed by Huobi Research.

3. Weekly Blockchain News Review

3.1 Industrial Application

1.West Virginia Secretary of State Reports Successful Blockchain Voting in

2018 Midterm Elections

The Secretary of State of the U.S. state of West Virginia Mac Warner reported a

successful first instance of remote blockchain voting in an official announcement

Nov. 15.

Warner stated that in the 2018 midterm elections, 144 military personnel stationed

overseas from 24 counties were able to cast their ballots on a mobile, blockchain-

based platform called Voatz, adding:“This is a first-in-the-nation project that

allowed uniformed services members and overseas citizens to use a mobile

application to cast a ballot secured by blockchain technology.”

Voting for the general elections on the platform started in September, when

absentee balloting opened in West Virginia.

https://sos.wv.gov/news/Pages/11-15-2018-A.aspx

2.Thailand’s Main Opposition Party Holds Primary Election on Blockchain

Thailand’s Democrat Party, the country’s main opposition party has become

the first major political party in the world to carry out primary elections

https://sos.wv.gov/news/Pages/11-15-2018-A.aspx


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entirely on a blockchain.

Using a live e-voting system powered by the Zcoin blockchain, the party

successfully conducted its primaries which involved more than 120,000

voters between November 1 and November 9. In an election of many firsts, it

also marked the first time that a major Thai political party selected its leader

using input from the generality of party members ahead of the country’s first

general election since the 2014 military coup.

https://www.ccn.com/thailands-main-opposition-party-holds-primary-

election-on-blockchain/

3.Centrica joins Verv peer-to-peer energy blockchain trial

Energy giant backs trial designed to make it easier for residents to sell the

solar power they generate.

Smart grid specialist Verv has announced that energy giant Centrica has joined

its latest community energy trial, which aims to test how blockchain-enabled

peer-to-peer trading could help cut emissions and reduce customer energy

bills.

The company is undertaking a live trial at a social housing community in

Hackney, London where solar panels have been installed on 13 blocks of flats

to supply clean power to communal areas.

https://www.businessgreen.com/bg/news/3066477/centrica-joins-verv-peer-

to-peer-energy-blockchain-trial

3.2 International Policies

1.Canada Presents Three Possible Cryptocurrency Regulations In Anti-

Money Laundering Committee

Earlier this week, the Canadian House Finance Committee met and discussed

the role of cryptocurrencies. As part of their regular meetings as required by

the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

(PCMLTFA), cryptocurrencies became a hot topic, as regulators see them as

an easy way to launder money.

The usual reasons, according to iPolitics, came up: cryptocurrencies are

anonymous, difficult to trace, and have a history of being used by risky

personalities such as Edward Snowden and Julian Assange.

https://www.ccn.com/thailands-main-opposition-party-holds-primary-election-on-blockchain/

https://www.ccn.com/thailands-main-opposition-party-holds-primary-election-on-blockchain/

https://www.businessgreen.com/bg/news/3066477/centrica-joins-verv-peer-to-peer-energy-blockchain-trial

https://www.businessgreen.com/bg/news/3066477/centrica-joins-verv-peer-to-peer-energy-blockchain-trial


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https://ipolitics.ca/2018/11/14/cryptocurrencies-need-regulating-to-prevent-

money-laundering-committee/

2.Central Banks of Canada, Singapore and UK Propose CBDCs for

Cross-Border Payments

The reserve banks of Canada, Singapore and the United Kingdom have

singled out central bank digital currencies as being one of the solutions that

can be implemented in order to solve the challenges encountered when

making cross-border payments.

The report by the Monetary Authority of Singapore, Bank of England and

Bank of Canada notes that CBDCs, which can either be retail CBDCs or

Wholesale-CBDCs (W-CBDCs), offer various advantages including 24-hour

availability, anonymity and eliminating counterparty credit risk for

participants.

The report, which also received input from commercial banks such as United

Overseas Bank, HSBC, Toronto-Dominion Bank and Oversea-Chinese

Banking Corporation, outlines three models of W-CBDCs that can be

implemented with the categorization being based on the geographical reach

or acceptability.

http://www.mas.gov.sg/~/media/ProjectUbin/Cross%20Border%20Interbank

%20Payments%20and%20Settlements.pdf

3.Switzerland gives green light to first cryptocurrency ETP

Switzerland’s main stock exchange has given a green light to the world’s first

exchange traded product tracking multiple cryptocurrencies, just as the price

of bitcoin, the most popular digital coin, has dropped to its lowest level for

more than a year.

The Amun Crypto ETP, which will start trading next week on the Six

exchange in Zurich, has been designed to track an index based on the

movements of five leading cryptocurrencies.

Just under half of the ETP’s assets will be invested in bitcoin with the

remainder divided between XRP (25.4 per cent), ethereum (16.7 per cent),

bitcoin cash (5.2 per cent) and litecoin (3 per cent). The ETP will carry an

annual management fee of 2.5 per cent.

https://ipolitics.ca/2018/11/14/cryptocurrencies-need-regulating-to-prevent-money-laundering-committee/

https://ipolitics.ca/2018/11/14/cryptocurrencies-need-regulating-to-prevent-money-laundering-committee/

http://www.mas.gov.sg/%7E/media/ProjectUbin/Cross%20Border%20Interbank%20Payments%20and%20Settlements.pdf

http://www.mas.gov.sg/%7E/media/ProjectUbin/Cross%20Border%20Interbank%20Payments%20and%20Settlements.pdf


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https://www.ft.com/content/217f71a5-34fe-39ff-9e2d-fd708074602a

4.Let Taxes Be Paid With Virtual Currencies, IRS Panel Urges

Taxpayers should be allowed to pay federal taxes with virtual currencies, the

Internal Revenue Service Advisory Council urged on Nov 15.

Letting payments be made with digital currencies could help the agency

strengthen its collection enforcement, the panel asserted in a report.

The push to allow virtual currencies be allowed for tax payments is the

highlight of a series of recommendations the panel made at the request of the

agency for advice on how to focus guidance on taxpayers who use or invest

in these new forms of money.

The report asserted increased taxpayer use of virtual currencies has generated

numerous tax issues and potential tax compliance.

https://www.forbes.com/sites/kellyphillipserb/2018/11/15/irs-announces-

2019-tax-rates-standard-deduction-amounts-and-more/

3.3 Technological Breakthrough

1.Monero: Unsung Crypto Developer Wins Prestigious Award

Professor Joseph Liu received an award at the end of October 2018 from the

Australian Computer Society (ACS) recognising his recent achievements with

the title “ICT Researcher of the Year.” Liu is the creator and development

leader of the ring signature algorithm — a crucial technology used in Monero

— which he initially conceived of and published in a paper in 2004.

According to a quote published on Liu’s official website, he says that he is

“honoured to receive the ‘ICT Researcher of the Year’ Award (winner) given

by the Australian Computer Society (ACS), the largest professional body in

Australia representing the ICT sector.”

https://www.ccn.com/monero-unsung-crypto-developer-wins-prestigious-

award/

2.Xerox Wins Patent for Blockchain System That Tracks Revisions to

Electronic Documents

The U.S. Patent and Trademark Office (USPTO) has awarded Xerox a patent

https://www.ft.com/content/217f71a5-34fe-39ff-9e2d-fd708074602a

https://www.forbes.com/sites/kellyphillipserb/2018/11/15/irs-announces-2019-tax-rates-standard-deduction-amounts-and-more/

https://www.forbes.com/sites/kellyphillipserb/2018/11/15/irs-announces-2019-tax-rates-standard-deduction-amounts-and-more/

https://www.ccn.com/monero-unsung-crypto-developer-wins-prestigious-award/

https://www.ccn.com/monero-unsung-crypto-developer-wins-prestigious-award/


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for a blockchain-driven auditing system for electronic files, according to a

patent filing published Nov. 13.

Xerox — known for its eponymous printing and digital copying appliances

— first filed the patent in August 2017. The patent describes a blockchain-

based system for the secure recording of revisions made to electronic

documents.

http://patft.uspto.gov/netacgi/nph-

Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fs

earch-

bool.html&r=5&f=G&l=50&co1=AND&d=PTXT&s1=blockchain&OS=bl

ockchain&RS=blockchain

3.Office of the Central Cyberspace Affairs Commision of China

Published 8 Articles Positively Affirming the Value of Blockchain

Office of the Central Cyberspace Affairs Commision of China recently

published a set of articles on blockchain on the official website. A total of

eight articles were published, and eight scholars were invited to explain the

value, trends, risks and countermeasures of the blockchain from various

angles. Many of the articles positively affirmed the value of blockchain.

https://www.google.com/search?q=%E5%8C%BA%E5%9D%97%E9%93%

BE+site:http://www.cac.gov.cn/2018-

11/12/&safe=strict&rlz=1C1GCEU_enCN822CN822&tbas=0&source=lnt&

sa=X&ved=0ahUKEwjatbKms9_eAhUWdt4KHZorB2kQpwUIIg&biw=12

63&bih=666

4. Weekly Investment Activities

2 investment activities took place in the blockchain industry this week.

Name Round Amount Investors Category

CoinID Pre-A ND Amphora Capital Cryptocurrency

Wallet

AQUA Strategic

investment ND Fang Fund Partners

Blockchain Application

Data Source: IT Juzi, QiFengCaiJing

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=5&f=G&l=50&co1=AND&d=PTXT&s1=blockchain&OS=blockchain&RS=blockchain





https://www.google.com/search?q=%E5%8C%BA%E5%9D%97%E9%93%BE+site:http://www.cac.gov.cn/2018-11/12/&safe=strict&rlz=1C1GCEU_enCN822CN822&tbas=0&source=lnt&sa=X&ved=0ahUKEwjatbKms9_eAhUWdt4KHZorB2kQpwUIIg&biw=1263&bih=666






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Huobi Research

About Us：

Huobi Research was founded in April 2016 and started research and explorations in various aspects in Blockchain area since March 2018. We cover various fields such as Blockchain technology research, industry analysis, application innovation and economic model explorations. We aim to establish a research platform and to offer theoretical foundations as well as judgements of trends in Blockchain to the public, ultimately promoting the development of the Blockchain industry.

Huobi Research Weekly aims to provide participators of the cryptocurrency market with the

most up-to-date and comprehensive database to help them facilitate decision-making process.

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Disclaimer：

1. Huobi Research does not have any form of association with Blockchain projects or other third-parties mentioned in this

report that could jeopardize the objectivity, independence and fairness of this report.

2. All outside information, data referenced in this report is from compliant and legitimate sources that we deem as reliable, and

Huobi Research have conducted the due diligence concerning its authenticity, accuracy and completeness, but such due

diligence does not provide any guarantee.

3. This report is only for reference purposes. Conclusions and viewpoints in the report do not constitute any form of investment

advice on crypto assets. Huobi Research is not responsible for any losses resulting from the use of this report, unless

stipulated by law. Under no circumstances should the readers give up their own investment analysis and judgements.

4. This report only reflects the opinions from Huobi Research on the day it was finalized. Future market condition changes

may lead to updates of such judgements.

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of contents is referenced. Under no circumstances is reference, abridgment and modification contrary to original intention

permitted.