Crypto Market Update 14 March 2019
Bitcoin price Market Update
If you are checking to know how cryptocurrencies are doing on the exchange today, cryptofxrates.com is the best place. So far, the Bitcoin price is sitting at $3,874.52 representing a loss of 0.20% in the last 24 hours. More than $110M worth of BTC were exchanged in the BTC/USD market representing a 9% share of the global daily volume. The BTC/EUR pair represents a 2% share.
Ethereum Market Update:
Meanwhile, Ethereum on the other hand is doing pretty well today with a slite growth of about 0.35% the past 24 hours and is currently sitting at $132.07, with over $20M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 2% market share of the daily trading volume.
Other cryptocurrencies news
Bittrex Unveils Initial Exchange Offering
US-based cryptocurrency exchange Bittrex is set to host an Initial Exchange Offering (IEO), in which it will sell tokens to investors for Bitcoin. According to Bittrex’s announcement, the first token that’ll be sold is native to a South Korean blockchain-based gaming platform called RAID. The token, XRD, will be sold exclusively on Bittrex. The sale is set to be held on March 15, at 1 am UDT. Commenting on the move Bill Shihara, the co-founder and CEO of Bittrex, stated:
“We are committed to increasing adoption and moving the blockchain revolution forward. The ability for projects like RAID to innovate, advance, and promote the gaming industry on our platform is a game changer for all involved.”
Coinbase: First OTC Crypto Trade Directly From ‘Cold’ Storage
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Coinbase Custody has just completed its first Over-The-Counter (OTC) trade directly out of cold, or offline, storage. Announced yesterday in a blog post, the San Francisco-based cryptocurrency exchange said the trade occurred after its Custody service had been “directly integrated” with the OTC desk at Coinbase Pro. Sam McIngvale, CEO of Coinbase Custody Trust, stated:
“Being able to trade while their funds are held safely in cold storage is a feature that we’ve heard loud and clear that our customers want. Coinbase offers the world’s largest regulated pool of crypto liquidity. Being able to access this market quickly and safely unlocks tremendous benefits for our customers.”
US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro
The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial Petro cryptocurrency. The Treasury announced on Monday that its Office of Foreign Assets Control (OFAC) has added Evrofinance Mosnarbank – which is jointly owned by Russian and Venezuelan state-owned firms – to the Specially Designated Nationals List, as it was the “primary” international bank that helped finance disputed Venezuelan president Nicolas Maduro’s Petro project. The Treasury said:
“Early investors in the Petro were invited to buy the cryptocurrency by wiring funds to a Venezuelan government account at Evrofinance. Evrofinance’s involvement in the Petro demonstrated Maduro’s hope that the Petro would allow Venezuela to circumvent U.S. financial sanctions.”