Market Update 2.26.19 – Cisco Opens Co-Innovative Center in Singapore
Market News
Cisco Opens Co-Innovative Center in Singapore
According to local news reports, global technology and IT company Cisco Systems has opened the 14th branch of its Co-Innovative Center. The Chief Technology Officer of the company, Dave Ward, stated that this new center, which is based in Singapore, will focus on stimulating new technology in this region. The Singapore chapter will be concentrating on cybersecurity, Blockchain Technology as well as IoT (Internet of Things).
The Co-Innovative Center in Singapore will reportedly display possible applications as well as offer different prototypes of the new technology in various industries, education and even public administration.
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Coinbase Listing XRP From Feb 26
According to an announcement made by the third largest cryptocurrency exchange by market capitalization Coinbase, it would be listing the crypto XRP (Ripple) on its platform starting February 26. However, the exchange also put in a caveat that customers would only be able to use the Transfer-Only mode to begin with. This means that users would only be able to deposit XRP tokens in their Coinbase accounts.
The exchange also said that after a minimum period of 12 hours, Coinbase is planning to activate other trading services for XRP. However, this time commitment could be variable. In the beginning, customers of Coinbase Pro located in the US (but not in New York State), Australia, the UK, a few European Union countries, Singapore and Canada will be able to access this new service.
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Bitcoin Trader Attacked at Home in Netherlands
According to local news media, 38-year-old Bitcoin trader, Tjeerd H was attacked in his home on February 10 in the Netherlands by a group of robbers who threatened him with firearms. The criminals were all wearing balaclavas, along with bullet proof vests and police coats.
While the motive behind this attack is not yet clear, local news agencies found out that Tjeerd H was a cryptocurrency trader; the police also confirmed this fact. This is pertinent because crimes against crypto traders has escalated from just online thefts to actual physical assaults where crypto owners have been forced to transfer their digital funds into anonymous wallets.
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Total Market Cap: Feb 26
The crypto market’s capitalization has gone up to $129.61 billion and it is experiencing trade volumes of $29.63 billion at the moment.
Bitcoin Price Analysis: Feb 26
Bitcoin has gained 0.10% since yesterday to its current trading price of $3841.07. The capitalization of the crypto is $67.44 billion with trade volumes of $8.70 billion.
Ethereum Price Analysis: Feb 26
The price of Ethereum has gone down by 1.15% to $137.99 in the last 24 hours. The capitalization of Ether is now at $14.49 billion and trading volumes for the altcoin are at $4.32 billion.
State of the Top 10 Cryptocurrencies: Feb 26
5 of the top ten cryptos are in the green, while the other 5 are in the red. Of those gaining, Ripple is leading the way with a 4.66% increase in its token price. Of the cryptocurrencies that have declined in today’s trading so far, Binance Coin is the worst hit, with a drop of 4.92% in its token price.
- Bitcoin’s current price is $3841.07, rising 0.10%. The crypto’s worth now is $67.44 billion.
- Ethereum’s current price is $137.99, dropping 1.15%. The crypto’s worth now is $14.49 billion.
- Ripple’s current price is $0.318004, rising 4.66%. The crypto’s worth now is $13.15 billion.
- EOS’s current price is $3.49, dropping 3.54%. The crypto’s worth now is $3.16 billion.
- Litecoin’s current price is $45.41, rising 1.11%. The crypto’s worth now is $2.75 billion.
- Bitcoin Cash’s current price is $133.93, rising 1.21%. The crypto’s worth now is $2.36 billion.
- Tether’s current price is $1.01, rising 0.22%. The crypto’s worth now is $2.04 billion.
- Stellar’s current price is $0.084821, dropping 0.62%. The crypto’s worth now is $1.62 billion.
- TRON’s current price is $0.023974, dropping 0.79%. The crypto’s worth now is $1.59 billion.
- Binance Coin’s current price is $9.59, dropping 4.92%. The crypto’s worth now is $1.35 billion.