Market Update 3.03.18 – Cryptos Should be Held to the Same Regulations Standards
Market News
Bank of England Governor – Cryptos Should be Held to the Same Regulations Standards
The Bank of England’s Governor Mark Carney made an inaugural speech at the Scottish Economics Conference in Edinburgh, in which he said that banning cryptocurrencies did not make sense. Rather, he said, it would be better for the crypto industry to be regulated rigorously the way traditional financial markets are.
Carney said that while cryptocurrencies currently don’t threaten the stability of the financial markets, there will come a time when they will – once more consumers and investors are involved. Read the full story here.
Chilean CNE to Adopt Blockchain Tech
The Comision Nacional de Energia de Chile (CNE), Chile’s regulatory agency for energy, said that it was going to implement blockchain tech in the country’s energy grid.
The agency is going to use this technology to authenticate data such as marginal costs, fuel prices, average market prices, etc. According to Andres Romero, the CNE Executive Secretary, this move towards blockchain technology is being made because of data security concerns.
Click here to read the full story.
Next Company to Consider Cryptos a Threat – ATM Giant Cardtronics
ATM giant Cardtronics has joined the growing list of companies that are admitted that cryptocurrencies and the crypto industry could pose a threat to their businesses.
In is 10-K yearly report, the world’s biggest ATM operator listed digital currencies as one of the threats to their business. Unlike the banks that are worried about the future, changes are taking place right now for companies like Cardtronics. With more and more people opting for cashless and card-less electronic payment methods (such as phone payments and contact-less payments), there is reduced demand for cash.
To read the full story, click here.
Total Market Cap: Mar 03
Total crypto trading volume for the last one day was $18.10 billion. The market value of all the digital assets being traded is $465.08 billion.
Bitcoin Price Analysis: Mar 03
Bitcoin’s cost in the last 24 hours has become $11,360.50, which is a rise of 2.70%. The trade volume in Bitcoin has been $7.45 billion. Bitcoin’s market valuation is currently at $191.60 billion.
Ethereum Price Analysis: Mar 03
Ethereum’s current market price is $866.20, which is a loss of 0.77% in the past one day. The altcoin’s volume of trade in this time has been $1.85 billion and its market valuation is $84.84 billion.
State of the Top 10 Cryptocurrencies: Mar 03
**The information given below spans the last 24 hours of cryptocurrency trading of the top ten cryptos.
- Bitcoin’s current price in the cryptocurrency market is $11,360.50, current price in the cryptocurrency market is 2.70%%. BTC’s market valuation is $191.60 billion.
- Ethereum’s current price in the cryptocurrency market is $866.20, gaining 0.77%. ETH’s market valuation is $84.84 billion.
- Ripple’s current price in the cryptocurrency market is $0.92, gaining 1.09%. XRP’s market valuation is $35.97 billion.
- Bitcoin Cash’s current price in the cryptocurrency market is $1,293.54, gaining 1.46%. BCH’s market valuation is $21.98 billion.
- Litecoin’s current price in the cryptocurrency market is $216.98, gaining 4.30%. LTC’s market valuation is $12.03 billion.
- NEO’s current price in the cryptocurrency market is $127.18, gaining 0.42%. NEO’s market valuation is $8.26 billion.
- Cardano’s current price in the cryptocurrency market is $0.30, gaining 3.97%. ADA’s market valuation is $7.81 billion.
- Stellar’s current price in the cryptocurrency market is $0.323, gaining 1.24%. XLM’s market valuation is $5.98 billion.
- Monero entered the top 10 in 9th place and its current price in the cryptocurrency market is $368.45, gaining 12.99%. MIOTA’s market valuation is $5.83 billion.
- EOS’s current price in the cryptocurrency market is $8.25, losing 2.48%. EOS’s market valuation is $5.80 billion.