Market Update 4.17.19 – ConsenSys Pitch Deck At $100M Burn Rate
Market News
ConsenSys Pitch Deck At $100M Burn Rate
ConsenSys is pretty confident that it can soon become a valuable firm. However, the company believes that this achievement can be obtained if and only if it can get through the next year. Official reports suggest that the firm is hell-bent at obtaining around $200 million in new investment.
Apparently, though, the firm also projects a figure of about $152 million in terms of expenses this year. This already comes with revenue of at least $52 million alongside a cash burn estimated at $100 million cash burn. The figures are based on an investor deck revealed.
As of press time, ConsenSys is selling itself to investors. While nothing has given a yes yet to the company, it is confident that it can obtain the much-needed pool of investors sooner or later.
Read the full report here.
Forbes Introduces Billion Dollar Firms Using Blockchain
Forbes, which is a financial news outlet, has just introduced a brand new list called “Blockchain’s Billion Dollar Babies.” The list features companies that are known to be using and/or implementing the blockchain technology. But in order for them to be part of the list, they should have revenues and/or valuations of at least $1 billion.
The list reportedly includes firms working in the crypto and blockchain space, as well as traditional financial companies like clearing houses and banks. The same thing can be said for food companies and supply change management businesses, among others.
As expected, the list features some prominent names in the industry. This includes, but not limited to, Facebook, Walmart, Microsoft, Amazon, and Nestlet. As for cryptocurrency-related firms, the list includes the exchange called Coinbase and the mining and hardware company based in Europe, Bitfury.
Read the full report here.
Romanian Bank Says Crypto Can’t Fulfil Basic Roles
An official known to be working in a Romanian central bank has claimed that crypto will be unable in replacing currencies issued by central banks. According to this official, the main reason is the inability of digital currencies to be a, well, currency.
Daniel Daianu, who is part of the Romanian National Bank (BNR)’s Administration Council, claimed the importance of being completely aware of the huge different between institutions and their respective roles. He claims that as far as these roles are concerned, cryptos will be unable in fulfilling them.
Read the full report here.
Total Market Cap: April 17
The 24 hour data has arrived and it appears that a trade volume of $40.42 billion took place in the crypto space. The market capitalization, on the other hand, reached the $176.58 billion mark.
Bitcoin Price Analysis: April 17
Bitcoin has once again showcased a trade jump of 2.75%, raising its price to $5,237.63. The world’s leading digital currency has a trade volume of $12.00 billion and a market cap of at least $92.44 billion.
Ethereum Price Analysis: April 17
Ethereum is indeed the second player in the crypto space, especially after experience a trade jump of 2.34% and a price of $166.78. Its trade volume managed to acquire $5.28 billion, while its market cap reached $17.63 billion.
State of the Top 10 Cryptocurrencies: April 17
Bitcoin Cash is the only crypto in the top 10 list that did not experience a bump. Meanwhile, Tron continues to be tailing Cardano at the 10th spot.
- Bitcoin’s market price jumped 2.75% to $5,237.63, with a market value of $44 billion.
- Ethereum’s market price jumped 2.34% to $166.78, and the market value is $17.63 billion.
- XRP’s market price jumped 1.04% to $324598. The crypto’s market value is set at $13.62 billion.
- Bitcoin Cash’s market price fell 1.24% to $310.52 in price, and its value in the market is $5.51 billion.
- EOS’s market price jumped at 1.69% to $5.47, and the confirmed value in the market is $4.96 billion.
- Litecoin’s market price jumped 1.65% to $80.18, and market value topped $4.92 billion.
- Binance Coin’s price in the market jumped 3.66% to $19.69, and its value in the market is $2.78 billion.
- Tether jumped 0.44% to $1.01 in terms of market price, and its value in the market is $2.50 billion.
- Stellar’s market price jumped 2.42% to $115903, and its value in the market is $2.24 billion.
- Cardano obtained 10th spot and removed TRON after jumping 1.11%. This resulted to a trade price of $083082 and a market value of $2.15 billion.