Market Update 3.29.19 – Ameren Eyeing Blockchain Promise for Clean Energy
Market News
Ameren Eyeing Blockchain Promise for Clean Energy
The top US energy provider Ameren and software engineering and solutions firm from Canada Opus One Solutions are teaming up to explore using Blockchain technology as one of the options in a clean energy initiative. The announcement was made on March 28 via a press release.
Ameren’s Transactive Energy Marketplace (TEM), which is a microgrid that has been developed with Opus One’s technology to improve the ratios between supply and demand, will be featuring Blockchain technology. However, currently the plans have not yet detailed how this technology will be leveraged.
Read the details of the report here.
nChain Hiring Lawyer to Protect Crypto-Based Patents
Self-proclaimed Bitcoin creator Chis Wright’s company nChain announced that it was looking for a patent lawyer in London who would manage as well as grow the company’s crypto and Blockchain related patents. The job advertisement stated that the applicant needed to be a certified European Patent Attorney, needed to have a keen interest in Blockchain as well as Bitcoin, and possessed a first degree in computer science, physics, electronics or mathematics.
Earlier this month, nChain’s strategic advisory board’s chairman Jimmy Nguyen, had announced that the company had officially filed 666 applications for patents. While there have been no reports of either nChain or Wright being involved in patent disputes, such wars have become what is being called the sport of kings. They are extremely expensive and need to be avoided.
Read the rest of the story here.
Animoca Brands in Global Licensing Agreement with Formula 1
The Blockchain-based gaming startup Animoca Brands announced via a press release on March 26 that it has entered into a global licensing agreement with Formula 1. The company stated that it will now be releasing a Blockchain game that will be based on the famous racing series. The game, called F1 Delta Time will be based on NFTs (non-fungible tokens).
The first phase of the game’s launch is scheduled for May 10 and will purportedly have a collectible component that will be based on NFTs. It will also have a racing component that will use the NFTs that players collect.
Read more about this story here.
Total Market Cap: Mar 29
The capitalization of the cryptocurrency market is $143.61 billion and trading volumes for cryptocurrencies across all markets are at $34.71 billion.
Bitcoin Price Analysis: Mar 29
The price of Bitcoin is $4096.40, a gain of 0.49% since yesterday. The capitalization of BTC is at $72.16 billion and trading volumes are $10.37 billion.
Ethereum Price Analysis: Mar 29
Ethereum’s market price is now $141.23, which is a 0.87% increase since yesterday. The altcoin’s capitalization in the market is now $14.89 billion and its trading volumes are at $4.80 billion.
State of the Top 10 Cryptocurrencies: Mar 29
After months of remaining stable, the stablecoin Tether has fallen by 1.26% in the last 24 hours. It has also dropped one spot to 9th place on the top cryptocurrencies’ list. Cardano, however, is the token that has seen the greatest gains, with a 4.91% jump in its price in the same time period. EOS is the second biggest jumper, with a 1.48% increase in its token price.
- Bitcoin’s trading at $4096.40, increasing by 0.49%. The asset’s current market valuation is $72.16 billion.
- Ethereum’s trading at $141.23, increasing by 0.87%. The asset’s current market valuation is $14.89 billion.
- Ripple’s trading at $0.309492, increasing by 0.10%. The asset’s current market valuation is $12.90 billion.
- EOS’s trading at $4.34, increasing by 1.48%. The asset’s current market valuation is $3.93 billion.
- Litecoin’s trading at $61.13, decreasing by 0.46%. The asset’s current market valuation is $3.73 billion.
- Bitcoin Cash’s trading at $170.41, increasing by 0.36%. The asset’s current market valuation is $3.01 billion.
- Binance Coin’s trading at $16.77, decreasing by 0.38%. The asset’s current market valuation is $2.36 billion.
- Stellar’s trading at $0.0107442, increasing by 0.93%. The asset’s current market valuation is $2.06 billion.
- Tether’s trading at $1.00, decreasing by 1.26%. The asset’s current market valuation is $2.03 billion.
- Cardano’s trading at $0.069036, increasing by 4.91%. The asset’s current market valuation is $1.78 billion.