Market Update 3.02.19 – Binance Offering Reward for Testing Binance DEX
Market News
Binance Offering Reward for Testing Binance DEX
Binance’s Chief Executive Officer Changpeng Zhao tweeted on February 28 that the cryptocurrency exchange was offering a reward to test Binance DEX, its new decentralized trading platform. Zhao, who is more popularly known as CZ, invited people to test the new platform, which would help to start its Mainnet more quickly.
CZ stated that Binance was giving away a reward of about $100,000 in Binance Coin for its competition in testnet trading. CZ then gave details about the competition in the blog post, stating that the testing would be from March 7 – 21, 2019.
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Crypto Winter May Be Coming to An End
February’s cryptocurrency market activity indicates that the long slump in the market may now finally be coming to an end. Data shows that the total market value of cryptocurrencies gained 14.14% during the month. This is the first monthly gain that the market has seen since July of last year.
The world’s most valuable crypto by market capitalization, Bitcoin (BTC) went up by 12.1% for the month of February, thus breaking its 6-month long losing streak. However, the biggest gainers in the market were not the major cryptos. Little known cryptocurrencies such as Theta Token (THETA), Metronome (MET), Maker (MKR) and Enjin (ENJ).
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Saudi ATM Provider Collaborating with ShoCard
According to a press release issued on February 27, the Saudi Arabian automated teller machine (ATM) provider AU (Alhamrani Universal) has joined hands with ShoCard, the Blockchain identity platform, to create a biometric Blockchain-based ATM.
Through this partnership, AU and ShoCard are developing a new type of ATM which will combine biometrics with Blockchain technology to create a 5-part authentication process. The new ATM will allow the use of a Blockchain-based application as well as facial recognition to withdraw funds, instead of the traditional PIN (Personal Identification Number) that currently needs to be punched in.
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Total Market Cap: Mar 02
The value of the cryptocurrency market has dropped slightly in the last one day $130.50 billion and trading volumes are down to $24.91 billion.
Bitcoin Price Analysis: Mar 02
Bitcoin is now up by 0.07% to trade at $3861.25 per token. The worth of the digital asset is now $67.82 billion and its trading volumes are $7.71 billion.
Ethereum Price Analysis: Mar 02
The price of Ethereum continues to sink, now down by 1.10% to trade at $135.79 per token. The capitalization of Ethereum is now $14.26 billion and the crypto is at trading volumes of $3.78 billion.
State of the Top 10 Cryptocurrencies: Mar 02
Four of the top ten cryptos are down, with Tron showing the highest losses with a 3.07% dip. Ethereum follows with a 1.10% decline. Of the cryptocurrencies that are trading up, Litecoin has the highest gains with its price going up by 2.94%.
- Bitcoin’s token price right now is $3861.25, up 0.07%. $67.82 billion is now the value it has in the market.
- Ethereum’s token price right now is $135.79, down 1.10%. $14.26 billion is now the value it has in the market.
- Ripple’s token price right now is $0.316933, down 0.28%. $13.13 billion is now the value it has in the market.
- EOS’s token price right now is $3.53, down 0.42%. $3.19 billion is now the value it has in the market.
- Litecoin’s token price right now is $47.83, up 2.94%. $2.90 billion is now the value it has in the market.
- Bitcoin Cash’s token price right now is $132.36, up 0.02%. $2.33 billion is now the value it has in the market.
- Tether’s token price right now is $1.01, up 0.30%. $2.04 billion is now the value it has in the market.
- Stellar’s token price right now is $0.085811, up 0.95%. $1.64 billion is now the value it has in the market.
- Binance Coin’s token price right now is $11.11, up 0.72%. $1.56 billion is now the value it has in the market.
- TRON’s token price right now is $0.023096, down 3.07%. $1.56 billion is now the value it has in the market.