Market Update 3.04.18 – Dubai Launching Marketplace Using Blockchain Tech
Market News
Dubai Launching Marketplace Using Blockchain Tech
A local news outlet reported that Dubai was launching a digital business-to-business marketplace using blockchain tech which would specifically target tourism in the country. This is a part of the country’s Dubai 10x initiative, which aims to be ten years ahead of other cities in the world.
The marketplace, called the Dubai Tourism Blockchain Marketplace, will connect all tourism related organizations through blockchain, offering customers a real time and transparent experience using Dubai’s tourist inventory. To read the full story, click here.
Japanese Cryptocurrency Exchanges set up Self-Regulatory Body
While Japan has been one of the first in the world to recognize cryptocurrency as a legal currency, the nascent industry still needs more regulations put in place. And while the government has imposed some regulations, they clearly aren’t enough.
Therefore, 16 government registered cryptocurrency exchanges in Japan have joined hands to create a self-regulatory body to help bring some structure and stability to the industry. It is expected that other organizations will join this group, especially those that have pending applications with the government. To find out more, click here.
TechCrunch’s Founder’s Cryptocurrency Fund Targeted by SEC
TechCrunch founder Michael Arrington’s cryptocurrency hedge fund worth $100 million has been subpoenaed by the Securities and Exchange Commission (SEC). This is a part of the regulator’s industry probe.
Arrington said that while his hedge fund Arrington XRP Capital was subpoenaed, he was more than willing to cooperate with the authorities if they introduced crypto regulations.
To read more, click here.
Total Market Cap: Mar 04
In the last one day, the volume of trade in cryptocurrencies has been $15.38 billion. The market cap of all digital assets being traded in the market is $455.46 billion.
Bitcoin Price Analysis: Mar 04
Bitcoin market price in the past 24 hours was $11,244.20, which was a fall of 1.02%. The trading volume in Bitcoin was $6.16 billion. Bitcoin’s market cap is currently $190.14 billion.
Ethereum Price Analysis: Mar 04
Ethereum market price in the past 24 hours was $847.53, which was a fall of 2.15% in the last one day. The altcoin’s trading volume in this time was $1.63 billion and its market cap is $83.03 billion.
State of the Top 10 Cryptocurrencies: Mar 04
**The information given below spans the last 24 hours of cryptocurrency trading of the top ten cryptos.
- Bitcoin’s price in the market is now $11,244.20, falling 1.02%. BTC’s value in the market is now $190.14 billion.
- Ethereum’s price in the market is now $847.53, falling 2.15%. ETH’s value in the market is now $83.03 billion.
- Ripple’s price in the market is now $0.90, falling 2.06%. XRP’s value in the market is now $35.25 billion.
- Bitcoin Cash’s price in the market is now $1,240.14, falling 4.12%. BCH’s value in the market is now $21.08 billion.
- Litecoin’s price in the market is now $207.28, falling 4.47%. LTC’s value in the market is now $11.49 billion.
- NEO’s price in the market is now $118.31, falling 6.97%. NEO’s value in the market is now $7.69 billion.
- Cardano’s price in the market is now $0.29, falling 3.33%. ADA’s value in the market is now $7.54 billion.
- Stellar’s price in the market is now $0.356, rising 10.21%. XLM’s value in the market is now $6.58 billion.
- EOS climbed one spot and its price in the market is now $7.87, falling 4.60%. EOS’s value in the market is now $5.54 billion.
- Monero’s price in the market is now $346.64, falling 5.91%. MIOTA’s value in the market is now $5.47 billion.