Market Update 5.19.19 – Blockchain and Vienna’s Digital Future

| Publish date: 05/19/2019
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Market News                            

Blockchain and Vienna’s Digital Future

There is no doubt that when it comes to applying modern technology, Austria remains to be the leader in all of Europe. As such, it is able to make the all-around welfare of its people much better. Interestingly, the idea of making cities “smart” and digital play a crucial role in the transformation of all public goods and services.

As a matter of fact, Vienna has expressed its interest on innovation. It continues to find new solutions, a process being done through digitization. In order to achieve a broader acceptance among its citizens, it wants to give them benefits that are both ease and clear-cut. By doing so, these people will be more than interested in participating and helping the transformation process become better.

To put the breakthrough in a wider scope, Vienna recently called into the existence of an initiative dubbed “Smart City Vienna.” It initially started back in 2014, with the goal of making the lives of the public better. It is worth noting, however, that the project is not just meant to utilize and improve the technology. It can be seen as a tool that helps achieve significant social change, making the entire more livable.

Read the full report here.

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Circle’s New Attestation Report Revealed

Circle, which is a Goldman Sachs-backed digital currency finance company, has just published its latest third-party audit. The report from the startup discusses its USD-pegged stablecoin called USD Coin (USDC). The report was made public via a public post.

USD Coin, in particular, refers to an Ethereum-based token and it is reportedly compliant with the ERC20 standard. The announcement of its release was made back in May last year, but its official release came September.

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Circle revealed via an announcement that the audit of the coin’s fiat reserves was made possible by Grant Thornton LLP. The auditor is basically a major accounting firm based in Chicago.

Read the full report here.

Goxtrade Reveals Unaffiliated Staff, Incorrect Contact Info

The Purported Bitcoin (BTC) exchange called Goxtrade is making huge waves after being accused of existing as a scam. According to the report, it is fond of taking photos of unaffiliated individuals from social media sites. It would then compile these images in an attempt to create an online gallery for its supposed staff. What is worse, the company tries to retains some of the real names.

Perhaps the titular inclusion is none other than Amber Baldet, the co-founder of blockchain startup Clovyr. Apparently, she is one of the individuals whose name and photo were included in the staff roster of Goxtrade.

Read the full report here.

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Total Market Cap: May 19

The trade volume reached $73.93 billion in the past 24 hours. As for the market capitalization, it reached $229.03 billion.

Bitcoin Price Analysis: May 19

Bitcoin is definitely world’s leading cryptocurrency, especially after jumping 1.96% and reached a trade price of $7,267.29. The crypto’s trade volume and market capitalization had obtained $22.08 billion and $128.69 billion, respectively.

Ethereum Price Analysis: May 19

Ethereum also managed to soar high, and it is around 1.54%. It reached a trade price of $236.35. When talking about its trade volume, it went to $11.20 billion. As for its market cap, it went to $25.08 billion.

State of the Top 10 Cryptocurrencies: May 19

The past 24 hours have been phenomenal for all digital currencies, as they all have experienced a substantial jump. As for the 10th spot, Cardano was able to remove TRON from the rankings.

  • Bitcoin’s price in the market jumped93% to $7,268.34, with a market value of $128.71 billion.
  • Ethereum’s market price jumped54% to $236.35, and the market value is $25.08 billion.
  • XRP’s market price jumped32% to $0.373635. The crypto’s market value is set at $15.74 billion.
  • Bitcoin Cash jumped in terms of market price at 2.06% to $361.83 in price, and as far as its market value is concerned, it is $6.44 billion.
  • EOS’s market price jumped at 0.82% to $5.489, and the confirmed value in the market is $5.38 billion.
  • Litecoin’s market price jumped33% to $86.94, and market value topped $5.38 billion.
  • Binance Coin’s price in the market jumped96% to $27.44, and its value in the market is $3.97 billion.
  • Tether jumped24% to $0.999562 in terms of market price, and market value is said to at $2.84 billion.
  • Stellar’s market price jumped41% to $0.129197, and its value in the market is $2.48 billion.
  • Cardano removed TRON from the 10th spot after jumping 1.92%, resulting to a trade price of $0.080087 and a market value of $2.08 billion.
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