Crypto Market Update (15 April 2019)

Crypto Market Update (15 April 2019)

Market Analysis Report

 

 Bitcoin Market Update

Today 15 April 2019 which is a Monday, the week starts with Bitcoin price gaining about 1.88%  Bitcoin Price is $5,167 representing a  in the last 24 hours. More than $110M worth of BTC were exchanged in the BTC/USD market representing an 8% share of the global daily volume. The pair with most volume was the BTC/USDT with an 80% share.

LIVE CRYPTO RATES FOR TODAY

Name Price24H (%)
Bitcoin (BTC)
$5,248.00
0.50%
Ethereum (ETH)
$172.08
3.60%
Bitcoin Cash (BCH)
$305.17
-1.13%
XRP (XRP)
$0.337048
1.61%
Litecoin (LTC)
$80.64
2.05%
Cardano (ADA)
$0.082210
-0.90%
IOTA (MIOTA)
$0.308607
0.52%
Dash (DASH)
$125.61
5.09%
NEM (XEM)
$0.064783
1.34%
Monero (XMR)
$68.55
-0.64%
Crypto Market Update (15 April 2019)

Crypto Market Update (15 April 2019)

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Ethereum  Market Update 

Ethereum price was not left out in the little increase, as ETH has made a progressive gain of  2.83% over the past 24 hours and is currently sitting at $168, with over $50M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4.5% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 52% share.

Other Cryptocurrency News today

Binance Labs Grants $45,000 to 3 Open-Source Blockchain Startups

Binance Labs, the investment division of cryptocurrency exchange Binance, has awarded grants of $15,000 each to three startups developing open-source blockchain technologies. Receiving the grants are Ironbelly, a mobile wallet for the Grin/Mimblewimble blockchain; HOPR, privacy-preserving messaging protocol; and Kitsune Wallet, an upgradeable on-chain wallet. The three startups are now the first “fellows” of Binance Labs’s Fellowship program, which funds and supports early-stage open-source development projects. Binance Labs director, Flora Sun, stated:

“Innovation requires an engaged community of developers and entrepreneurs who imagine ideas and create new projects to bring products to market. Our part is to support early-stage projects that are helping to create the building blocks and infrastructure for larger utility and enabling growth in the blockchain market.”

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IMF and World Bank Launch Private Blockchain To Explore Tech

The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a cryptocurrency, the Financial Times (FT) reported last Friday. According to the report, the asset called “Learning Coin” will be accessible only within the IMF and World Bank and has no monetary value. As the FT has learned, “Learning Coin” was launched in order to better understand the technologies that underlie crypto assets. Its app will serve as a hub where blogs, research, videos and presentations are stored. Per the IMF, the banks and regulators across the world have to catch up with crypto technologies that are rapidly developing. The FT quotes the IMF as saying:

“The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology.”
Read more here

Indian Banks Consider Promoting Blockchain Tech Use for Payments

The National Payments Corporation of India (NPCI) is considering implementing blockchain technology to increase the strength of digital transactions, Indian business magazine Business Today reported yesterday. The initiative of ten banks, under the aegis of the Indian Banks’ Association (IBA), aims to improve the NPCI by implementing distributed ledger technology, the publication underlines. The article states:

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“NPCI intends to develop a resilient, real-time and highly scalable blockchain solution. It is proposed to develop this solution using an open source technology/ framework/solution.”

Updated: April 15, 2019 — 1:22 pm

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