Market Update 3.12.18 – Ex-Finance Minister of Thailand Support Crypto Regulations
Market News
Malware Being Used to Trick Middle Eastern Web users to Mine Monero Crypto
The University of Toronto’s Citizen Lab published a study on Friday, in which it claimed that unknown entities from Telecom Egypt were using malware to trick internet users in the region to unknowingly mine the cryptocurrency Monero.
It seems that users in Turkey and Syria downloading Windows apps such as Avast Antivirus, Opera, CCleaner and 7-Zip were being re-directed to malicious versions that had malware.
Ex-Finance Minister of Thailand Voice Support for Crypto Regulations
Korn Chatikavanij, who served as the country’s Finance Minister from 2008 to 2011, has added his voice to the growing number of people demanding regulations to be put in place for crypto trading as well as ICOs.
Chatikavanij, who is now the Chairman of The Thai Fintech Association, which is a startup accelerator, stated in an interview that he and his organization support the Thai Securities and Exchange Commission’s plan of introducing regulations specifically for activities focused on tech.
Find out more here.
New Startup Aiming to Make Shopping Online Safer and Easier
A Lithuanian startup called Safein, created late last year, has launched the beta-version of its platform which lets users to shop online and sign up to new websites with just a few clicks.
The start also plans to apply for an EMI, or Electric Money Institution license which covers payments made by both fiat as well as crypto currencies from the EU.
The core idea that Safein has is really simple: a user simply needs to create his or her full profile and undergo a KYC only once. After that this profile can be applied to all other e-commerce platforms the user visits. User data will not be shared without the user’s explicit consent.
Learn more here.
Total Market Cap: Mar 12
The week’s trading has begun on a stronger note, with the cumulative trading volume of all cryptocurrencies at $14.52 billion. Market capitalization has also gone up to $388.52 billion for its lows over the weekend.
Bitcoin Price Analysis: Mar 12
Bitcoin has begun the new week up 3.57% from yesterday, trading now at $9,602.49. Trading volume has increased to 6.15 billion in the last 24 hours. Bitcoin’s market capitalization is currently at $162.99 billion.
Ethereum Price Analysis: Mar 12
Ethereum is following Bitcoin’s footsteps in starting positively for the week. Current trading volume is up from the weekend at $1.51 billion and the altcoin’s market price $727.72, which is a gain of 1.57%. Trading volume is still a little low at $1.51 billion. Ethereum’s market value has inched up to $71.44 billion.
State of the Top 10 Cryptocurrencies: Mar 12
**The data listed here is for the top 10 cryptocurrencies according to market value for the last 24 hours.
- Bitcoin started this week at $9,602.49, which means it’s up 3.57%. Market value for the crypto today is $162.99 billion.
- Ethereum started this week at $727.72, which means it’s up 1.57%. Market value for the crypto today is$71.44 billion.
- Ripple started this week at $0.82, which means it’s up 1.23%. Market value for the crypto today is $32.20 billion.
- Bitcoin Cash started this week at $1,118.18, which means it’s up 4.69%. Market value for the crypto today is $19.02 billion.
- Litecoin started this week at $187.94, which means it’s up 0.78%. Market value for the crypto today is $10.44 billion.
- NEO started this week at $91.92, which means it’s up 3.86%. Market value for the crypto today is $5.97 billion.
- Cardano started this week at $0.223044, which means it’s up 4.20%. Market value for the crypto today is $5.78 billion.
- Stellar started this week at $0.302295, which means it’s up 1.88%. Market value for the crypto today is $5.59 billion.
- Monero’s moved up one place and it started this week at $281.27, which means it’s up 3.92%. Market value for the crypto today is $4.44 billion.
- EOS is back to 10th position and started this week at $6.10, which means it’s up 1.32%. Market value for the crypto today is $4.41 billion.