Market Update 3.06.18 – SEC going after the SAFT Framework
Market News
Is the SEC going after the SAFT Framework?
The SEC has been subpoenaing an unknown number of ICO issuers; that number could be anywhere between 80 and 200. What is also unknown is the theme behind these subpoenas. While it has been assumed that the SEC is targeting fraudulent ICO issuers, there are indications that the regulator may actually be investigating all projects that are currently working within the SAFT framework.
To find out more, click here.
US Marshalls Putting up $25 Million Worth of Bitcoin for Auction
The US Marshalls’ office announced on Monday that it would be putting up $25 million worth of Bitcoin – about 2,170 tokens – up for auction on March 19. People interested in bidding for the cryptocurrency would need to make an initial deposit of $200,000 and complete all registration formalities before March 14.
This auction will consist of a total of 14 separate blocks of Bitcoin – two of 500 BTC each, 11 of 100 BTC and one consisting of 70 BTC.
To read the full story, click here.
Transaction Volumes for Bitcoin at 2-Year Low
According to data from Blockchain.info, Bitcoin has now seen the lowest trading volumes since 2016. The number of transactions reached their lowest in two years on Sunday, March 4, when only 195,500 transactions were recorded.
Bitcoin is struggling to regain the momentum it had achieved last year. Even the recent release of the SegWit tech by Bitcoin Core, Coinbase and Bitfinex has not helped with the crypto’s trading. SegWit, or Segregated Witness, is the technology that was implemented to make Bitcoin transactions faster and cheaper.
Find out more here.
Total Market Cap: Mar 06
The cryptocurrency market has seen a volume of $17.94 billion in trading. All virtual currencies traded in the market currently have a combined market cap of $459.17 billion.
Bitcoin Price Analysis: Mar 06
Since yesterday, Bitcoin has seen a price drop of 1.95% and is currently trading at $11,342.10. The number one cryptocurrency’s volume in trade has been $6.52 billion and its market cap has reached $191.43 billion.
Ethereum Price Analysis: Mar 06
Since yesterday, Ethereum has seen a price drop of 2.22% and is currently trading at $848.56. The number two cryptocurrency’s volume in trade has been $1.96 billion and its market cap has reached $83.16 billion.
State of the Top 10 Cryptocurrencies: Mar 06
**The information listed below is trading data for the top 10 cryptocurrencies for the 24 hour period between March 5 and March 6:
- The current price of Bitcoin in the cryptocurrency market is $11,342.10, going down 1.95%, and with a market value of $191.43 billion.
- The current price of Ethereum in the cryptocurrency market is $848.56, going down 2.22%, and with a market value of $83.16 billion.
- The current price of Ripple in the cryptocurrency market is $0.96, going down 5.88%, and with a market value of $37.56 billion.
- The current price of Bitcoin Cash in the cryptocurrency market is $1,249.74, going down 2.54% and with a market value of $21.24 billion.
- The current price of Litecoin in the cryptocurrency market is $208.18, going down 1.55%, and with a market value of $11.55 billion.
- The current price of Cardano, after it moved up one place, in the cryptocurrency market is $0.293631, going up 0.215%, and with a market value of $7.61 billion.
- The current price of NEO in the cryptocurrency market is $112.56, going down 5.05%, and with a market value of $7.31 billion.
- The current price of Stellar in the cryptocurrency market is $0.358, going down 5.18%, and with a market value of $6.61 billion.
- The current price of Monero in the cryptocurrency market is $361.91, going down 2.80%, and with a market value of $5.71 billion.
- The current price of EOS in the cryptocurrency market is $7.94, going down 2.69%, and with a market value of $5.64 billion.