Market Update 9.30.18 – Samourai Wallet No Longer Shows Bitcoin Balances’ Fiat Value
Market News
Samourai Wallet No Longer Shows Bitcoin Balances’ Fiat Value
Samourai, a privacy-focused Bitcoin wallet, decides to drop fiat balances from its platform. The company’s latest release includes a number of changes, including the fact that it is now available in 12 different languages. However, the most significant change will see the three-year-old platform change from showing stored BTC amounts in a U.S. dollar equivalent to showing them only in either bitcoin or satoshis.
According to the announcement, the company made the move to force users into transacting with the digital currency. In a statement, the firm was said: “We believe it is fundamental that our existing and future users understand that when they transact within the Bitcoin network, when they participate in the Bitcoin economy, they are transacting with the token native to the Bitcoin network, BTC, and nothing else.”
Read the full report here.
Pornhub Reveals Percentage of Crypto Payments on Its Platform
Pornhub, the Canadian adult entertainment giant, has revealed that less than 1 percent of purchases on the platform are made in cryptocurrencies. Despite the low volume of subscriptions paid with crypto, a spokesman said that “[it] expect[s] to see widespread adoption of crypto[currency] and blockchain on our site in the near future.”
Pornhub integrated a cryptocurrency payment option in August through a partnership with crypto payment and billing startup PumaPay. Now, the adult entertainment site is reportedly looking to integrate the Ethereum-based payment processor sometime next year.
The PumaPay partnership followed a similar agreement with digital currency Verge (XVG) completed in April. The partnership with Verge lets users pay with the coin for Pornhub Premium and all purchases within the product.
Read the full report here.
US Lawmakers Want SEC to Explain ICO Regulations
A group of U.S. lawmakers want Securities and Exchange Commission (SEC) chairman Jay Clayton to explain and clarify when initial coin offerings (ICOs) are considered securities sales. In the letter, Representatives Ted Budd, Warren Davidson, Tom Emmer and Darren Soto, along with 11 co-signers, request that Clayton clarify how it is approaching token sales, saying that “current uncertainty surrounding the treatment of offers and sales of digital tokens is hindering innovation in the United States and will ultimately drive business elsewhere.”
The letter continues to suggest that the lawmakers are asking the SEC to clarify when token sales should be classified as “investment contracts,” whether a token sold as a security can later become a non-security and what tools are available for the “SEC to offer more concrete guidance to innovators.”
Read the full report here.
Total Market Cap: Sept. 30
The volume of trade in the crypto market sat at $14.57 billion. The market’s capitalization, on the other hand, reached $221.59 billion.
Bitcoin Price Analysis: Sept. 30
In the past 24 hours, Bitcoin jumped 0.82% to trade at $6,574.09. The leading cryptocurrency’s trade volume trickled to $4.12 billion, while its market slid to $113.71 billion.
Ethereum Price Analysis: Sept. 30
Ethereum’s price jumped 6.29% to trade at $230.93. As for the altcoin’s trading volume, it reached $2.17 billion; whereas its market capitalization hit $23.62 billion.
State of the Top 10 Cryptocurrencies: Sept. 30
In the past 24 hours, all prices were up except Tether’s. Meanwhile, Monero dethroned IOTA at the 10th spot.
- Bitcoin’s market price jumped 0.82% to $6,574.09, and its value in the market is $113.71 billion.
- Ethereum’s market price jumped 6.29% to $230.93, and its value in the market is $22.62 billion.
- XRP’s market price jumped 7.60% to $0.572806, and its value in the market is $22.82 billion.
- Bitcoin Cash’s market price jumped 2.88% to $534.15, and its value in the market is $9.28 billion.
- EOS’ market price jumped 2.09% to $5.69, and its value in the market is $5.16 billion.
- Stellar’s market price jumped 2.26% to $0.253449, and its value in the market is $4.76 billion.
- Litecoin’s market price jumped 1.57% to $60.70, and its value in the market is $3.55 billion.
- Tether market price fell 0.20% to $0.999763, and its value in the market is $2.81 billion.
- Cardano market price jumped 2.84% to $0.084629, and its value in the market is $2.19 billion.
- Monero dethroned IOTA at the 10th spot after its market price jumped 1.55% to $115.02, and its value in the market is $1.89 billion.