Crypto Market Analysis Report 01 March 2019
Bitcoin Market Update
Thank you for checking the cryptocurrency markets for today. As of this morning, markets are all on red as is exchanging for Bitcoin $3,846 representing a loss of 0.18% in the last 24 hours. More than $160M worth of BTC were exchanged in the BTC/USD market representing a 12% share of the global daily volume. The BTC/JPY pair represents a 9% share.
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Ethereum Market Update
So far today the price of Ethereum is also dropping gradually to about 0.11% over the past 24 hours and is currently sitting at $137, with over $70M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 6% market share of the daily trading volume.
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Bitcoin Cash (BCH)
Other Cryptocurrency Market Update
Regular Retail Investors Can Now Trade XRP on Coinbase
Yesterday, Coinbase announced that its customers could now “buy, sell, convert, send, receive, or store XRP” on Coinbase Consumer (Coinbase.com) and on the Coinbase mobile app for iOS and Android. Coinbase’s blog post advises that “inbound transfers and many sends require the specification of an XRP destination tag.”
Although XRP trading should be possible for users in most of the jurisdictions served by Coinbase, most likely due to regulatory reasons, it will not initially be available for residents of the United Kingdom or the state of New York. The blog post reads:
“XRP will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York.”
Kraken Offers $100,000 Reward for QuadrigaCX’s Missing Funds
Yesterday, cryptocurrency exchange Kraken has posted a $100,000 reward for the discovery of the major Canadian crypto exchange QuadrigaCX’s missing funds. Quadriga purportedly only has CA$375,000 ($286,000) in cash, while it owes CA$260 million ($198,435,000) to its users. Facing insolvency, the exchange has sought creditor protection in a Canadian court.
Now, Kraken is offering up to $100,000 in either fiat or digital currency as a reward for tips that could lead to the discovery of the missing assets. Kraken notes in the announcement that it may end the reward program at any point in time. The announcement reads:
“All leads collected by Kraken will be provided to the FBI [Federal Bureau of Investigaion], RCMP [Royal Canadian Mounted Police] or other law enforcement authorities, who have an active interest in this case.”
Constantinople & St.Petersburg Out on Ethereum’s Main Network
Two long-anticipated upgrades appear to be been activated on the Ethereum blockchain. Yesterday, at 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, rolled out on the main network at block number 7,280,000.
There is so far no evidence of a chain split that would suggest a portion of ethereum users are still running an older ethereum software. With the release of Constantinople and St. Petersberg, four different ethereum improvement proposals (EIPs) have been officially activated on the ethereum network.