Market Update 3.11.18 – Tennessee Legislation Prevent Investments in Cryptocurrencies
Market News
Tennessee Legislation Prevents Retirement Funds from Investing in Cryptos
Two bills that were identical were put forward for legislation in Tennessee to prevent retirement funds from making investments in cryptocurrencies.
Furthermore, two more bills were put forward to legalize the use of blockchain technology for electronic transactions.
There has been more focus on cryptocurrencies, leading to bipartisan movements demanding regulations to be put in place. To read the full article, click here.
South Korean Crypto Exchange to Supply Kiosks to Restaurants
Despite the South Korean government’s reservations about cryptocurrencies, growth and innovation continues to take place. The country’s largest cryptocurrency exchange, Bithumb has announced that it plans to place crypto kiosks in restaurants and cafes, which would give customers the option of paying for their food and drinks using their Bithumb cryptocurrency holdings.
The kiosk is to be called Touch B and is the result of a partnership between Bithumb and kiosk makers Unos Space, IYU and Tros Systems. Read the full story here.
Co-founder of Ethereum Gives Blockchain Scaling Solution That Could Prevent Hacking of Exchanges
Vitalik Buterin, the co-founder of Ethereum presented a scaling solution for blockchain called “Plasma Cash” during a live-streamed talk in Paris at the Ethereum Conference.
Plasma is a system of smart contracts which is trying to increase the computational ability of the Ethereum blockchain. This system was created by Buterin as well as Joseph Poon, the creator of the Bitcoin Lightening Network, and could have a number of important uses, including being able to protect crypto exchanges from getting hacked.
Find out more here.
Total Market Cap: Mar 11
Cryptocurrency weekend trading volume stayed low at $14.07 billion for the last 24 hours. Cumulative market capitalization for cryptocurrencies was at $377.43 billion.
Bitcoin Price Analysis: Mar 11
Bitcoin slipped ever so slightly in the last 24 hours, dropping by 0.82% to trade at a price of $9,270.83. Trading volume remained low for the weekend at $5.75 billion. The world’s number one cryptocurrency had a market cap of $156.54 billion this weekend.
Ethereum Price Analysis: Mar 11
Ethereum also saw a slight slide this weekend, with the altcoin’s price slipping by 1.82% to $716.41. Trading volume further dropped to $1.54 billion from yesterday. Ethereum’s market value also declined further to $70.18 billion.
State of the Top 10 Cryptocurrencies: Mar 11
**The data provided below related to the top 10 cryptocurrencies based on their market value in the last one day.
- Bitcoin’s price today is $9,270.83, a loss of 0.82%. The cryptocurrency’s market cap today is $156.54 billion.
- Ethereum’s price today is $715.41, a loss of 1.82%. The cryptocurrency’s market cap today is$70.18 billion.
- Ripple’s price today is $0.81, a loss of 2.40%. The cryptocurrency’s market cap today is $31.96 billion.
- Bitcoin Cash’s price today is $1,068.06, a gain of 1.78%. The cryptocurrency’s market cap today is $18.16 billion.
- Litecoin’s price today is $186.47, a loss of 0.42%. The cryptocurrency’s market cap today is $10.36 billion.
- NEO’s price today is $88.50, a loss of 3.65%. The cryptocurrency’s market cap today is $5.75 billion.
- Cardano’s moved up one place and its price today is $0.214050, a loss of 2.98%. The cryptocurrency’s market cap today is $5.54 billion.
- Stellar’s price today is $0.296689, a loss of 5.06%. The cryptocurrency’s market cap today is $5.48 billion.
- EOS’s moved up one place and its price today is $6.02, a loss of 2.27%. The cryptocurrency’s market cap today is $4.34 billion.
- Monero’s price today is $270.65, a loss of 6.87%. The cryptocurrency’s market cap today is $4.27 billion.