The State of the Market: The overall cryptocurrency market continues to move sideways with Bitcoin (BTC) trading in the low $6000s, up less than 0.17% over a 24 hour period and Ethereum (ETH) at around $440, with a comparably minor increase of 0.36% on the day. Bitcoin dominance remains relatively high at about 42%.

1) Following the rocky EOS Mainnet launch and the controversial deactivation of several user accounts, EOS CTO Dan Larimer is proposing to revise the network’s constitution and redesign its governance model. Larimer, who originally drafted the EOS constitution, said that, in its current state, the model was too centralized in its allocation of power to the network’s arbitrators (read more).

2) Retail giant Walmart and nine other companies have partnered with IBM to release Food Trust Blockchain, a product for tracking global food supply chain. By using the new system, participating companies are looking to enhance their supply chain networks and hope that the blockchain-powered platform will reduce the number of food product recalls (read more).

3) According to a New York Times report, investments from hedge funds and family offices could cause the crypto market to double in size if they were to start allocating just a fraction of their investment portfolios to cryptocurrencies. Additionally, some market analysts speculate that 2018 might be the “tipping point” for the entrance of this kind of institutional capital into crypto (read more).

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