Crypto Price Update (5 March 2019)

Crypto Price Update (5 March 2019)

Bitcoin Market Update

So far today, Bitcoin price is trading at $3,830.00 representing a gain of 3.12% in the last 24 hours. More than $99 M worth of BTC were exchanged in the BTC/USD market representing a 6.19% share of the global daily volume. The BTC/JPY pair represents a 5.98% share.

Ethereum Price Update

Ethereum also has obtained a Green color on the exchange markets selling at $133.76 with  6.77% gain over the past 24 hours.  so far, $49 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4.09% market share of the daily trading volume.

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Name Price24H (%)
Bitcoin Cash(BCH)
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Other Cryptocurrency report

Tether to Launch New Version of USDT Stablecoin on Tron Blockchain

Tether is partnering with the Tron Foundation to launch the dollar-pegged USDT stable coin as a TRC-20 token, the companies announced yesterday. According to the report, this partnership will allow users to easily transact with decentralized applications (DApps) and protocols based on the Tron blockchain while making Tron more accessible to institutional investors by providing the stable coin option to the network. Tether’s CEO, Jean-Louis van der Velde, said:

“This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
Read more here

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar

Brian Armstrong, co-founder and CEO at Coinbase, stated yesterday that employees of Neutrino, the blockchain analytics firm it had recently acquired would be transitioned out of Coinbase. Reportedly, Neutrino was acquired to analyze data on public blockchains and prevent user funds’ theft, investigate ransomware attacks, and identify bad actors. However, their employees were former workers on the “Hacking Team” which allegedly sells offensive intrusion and surveillance capabilities to governments, law enforcement agencies and corporations, news that wasn’t well received by the community and generated an uproar on social media. Brian Armstrong explained:

See also  Tron CEO, Justin Sun buys $160m Ethereum.

“Those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase. This was not an easy decision, but their prior work does present a conflict with our mission”

Crypto Investment Firm Circle Completes SeedInvest Purchase

Yesterday, the Boston-based fintech firm Circle Internet Financial announced it has completed the acquisition of the equity crowdfunding platform SeedInvest, which will possibly pave the way for the company to tokenize securities in the future. The company’s co-founders Sean Neville and Jeremy Allaire explained in a blog post:

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“The acquisition is a further step toward realizing our vision of a more open, global, connected, and inclusive financial system. Today [SeedInvest] are at the forefront of enabling startups to raise capital directly from investors over the internet — creating new capital formation options for startups and growth companies, and giving average retail investors the opportunity to invest directly into innovative private companies.”

Updated: March 5, 2019 — 3:38 pm

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