This Week In Cryptocurrency - Friday, Jan. 11

Up and Down and All-Around

After a positive start to the week, the market pulled a classic Bart Simpson chart pattern, leaving us down overall. On Sunday, the overall market jumped almost five percent in two hours to reach a weekly high of just over $138.5B.

The rally was short-lived, however, as the market then fell to a weekly low of $121.7B on Thursday and hasn’t recovered much since. We currently sit at a $123.2B market cap, a 4.5 percent drop on the week.

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Cryptocurrency Market Stats (1/11/19)

Most of the top cryptocurrencies saw red this week as well. One exception was Tron (TRX) which actually grew 23.71 percent. As for the big dogs:

Bitcoin fell 3.04% with a current price of just under $3,700.

XRP lost 6.04% over the week but regained the number two spot. 

Ethereum got beat down, shedding 15.52% of its price.

Domestic Cryptocurrency News

Nevada Tests Blockchain Birth Certificates: Nevada. It houses Sin City, the Biggest Little City in the World, and now, several areas in the state deserve a Blockchain City nickname as well. Well, maybe that’s a little bit of a stretch.

Several Nevada counties have begun digitizing government certificates and storing them using blockchain technology. Washoe County, for instance, debuted a program in April 2018 that stores marriage certificates on the Ethereum network. As of December, they’ve processed 950 digital nuptials. Another county, Elko, is testing the technology with birth certificates.

Washoe County plans to move forward with the digitization of other government records. One project, in particular, is focused on doing so as a means of disaster recovery if (or when) physical records get destroyed.

NASA Proposes Blockchain Flight Data: On Thursday, the U.S. National Aeronautics and Space Administration (NASA) published a proposal for “an open source permissioned blockchain framework to enable aircraft privacy and anonymity while providing a secure and efficient method for communication with Air Traffic Services, Operations Support, or other authorized entities.” Or, in simpler words, a blockchain for air traffic data.

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