Market Update 1.26.19 – Cargill Investing Resources to Develop Hyperledger Grid
Market News
Cargill Investing Resources to Develop Hyperledger Grid
The American agriculture giant Cargill announced on January 25 that it is investing resources in digital engineering to contribute in developing Hyperledger Grid. Hyperledger Grid is the new project that Hyperledger is launching, which will focus on streamlining supply chains with the help of Blockchain technology.
According to Cargill, which is the United States’ biggest private company and has a $114.7 billion revenue, has said that the Hyperledger Grid can help speed up solutions for the global agriculture and food supply chains using Blockchain as well as other digital technology solutions.
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Italian Senate May Amend Laws for Blockchain Stamping
The Italian Senate, called the Senato della Repubblica, published a proposal this week, to amend an already passed law (Senate Act no. 989) in December 2018 to add DLT (distributed ledger technology) and smart-contract terms to it.
This proposal has already been approved by the country’s Constitutional Affairs and Public Works Senate Committees. However, the final approval for this proposal to be added to the law needs to come from the Italian Parliament. Once approved, the Agency for Digital Italy will take over and then define the standards and framework for Blockchain use in the country.
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Bitstamp Partnering with Online Swiss Bank
Europe-based cryptocurrency exchange Bitstamp announced that it has entered into a partnership with the online Swiss bank Dukascopy. According to the announcement, Bitstamp will support BTC (Bitcoin) transactions for the bank.
Clients of Dukascopy Bank will now be able to transfer BTC to their bank accounts, convert their funds into USD and also trade on Switzerland’s FX Marketplace. Added to that, users will also be able to move their funds from their bank accounts to their BTC wallets.
According to Bitstamp, this new partnership will help bridge the gap between traditional finance and the cryptocurrency world.
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Total Market Cap: Jan 26
The cryptocurrency market’s value continues to inch up and is now at $121.69 billion. Trade volumes are now at $15.86 billion.
Bitcoin Price Analysis: Jan 26
Bitcoin is seeing a second straight day of gains. It is up by 1.66% to trade at $3654.34 per token. The market cap of the token is now $63.95 billion and trade volumes for Bitcoin are now $5.30 billion.
Ethereum Price Analysis: Jan 26
Up by 0.97%, Ethereum is currently trading at a price of $117.94, and has a capitalization in the crypto market of $12.33 billion. The trade volume is now at $2.58 billion.
State of the Top 10 Cryptocurrencies: Jan 26
The top cryptos in the market are currently all in the green. The biggest gains so far today have been seen by Litecoin. The crypto is up by 3.20%. Stellar has seen the next highest gains today, with a jump of 3.14% in its token price. Bitcoin is the third largest jumper in today’s trading, with a gain of 1.66% in the last 24 hours.
- Bitcoin’s price is $3654.34, rising by 1.66%. Market cap for the virtual coin is now $63.95 billion.
- Ripple’s price is $0.318755, rising by 0.71%. Market cap for the virtual coin is now $13.12 billion.
- Ethereum’s price is $117.94, rising by 0.97%. Market cap for the virtual coin is now $12.33 billion.
- Bitcoin Cash’s price is $129.30, rising by 1.19%. Market cap for the virtual coin is now $2.27 billion.
- EOS’s price is $2.48, rising by 0.87%. Market cap for the virtual coin is now $2.24 billion.
- Tether’s price is $1.01, rising by 0.13%. Market cap for the virtual coin is now $2.03 billion.
- Litecoin’s price is $33.85, rising by 3.20%. Market cap for the virtual coin is now $2.03 billion.
- Stellar’s price is $0.104435, rising by 3.14%. Market cap for the virtual coin is now $2 billion.
- TRON’s price is $0.027099, rising by 1.08%. Market cap for the virtual coin is now $1.80 billion.
- Bitcoin SV’s price is $75.25, rising by 0.94%. Market cap for the virtual coin is now $1.32 billion.