Market Update 3.14.18 – DHL & Accenture Present Blockchain Prototype
Market News
DHL & Accenture Present Blockchain Prototype to Combat Pharma “Tampering”
DHL, the world’s largest logistics company, announced yesterday that it partnered with Accenture, one of the world’s top management consulting and professional services firms, to develop a supply-chain prototype based on blockchain technology.
The two companies created a serialization prototype based on blockchain tech to keep track of pharmaceutical drugs across the supply-chain.
This project is aimed at dealing with a major problem in the pharma industry called “tampering”. By using this tech, the companies will be able to highlight incidents of tampering and reduce the risk of counterfeit medicines, thus saving lives.
Read the full story here.
Social Media Platforms Declare War on Crypto Manipulation and Fraud
Last week, Twitter made an announcement that it was joining Facebook in its fight to zero out fraud as well as deceptive trade practices by banning accounts that were trying to steal users’ financial information and digital assets.
To this end, Twitter has greyed out suspicious accounts, with all their tweets and pictures hidden. A cautionary message is spread across the greyed out account page, stating that the account in question may include potentially sensitive content. The visitor is then asked whether he wishes to still continue to view the account.
Facebook has been working on steps to reduce deceptive trade practices, such as banning crypto-related ads, ICOs and binary options.
To read the full article, click here.
Wyoming Creates a New Class of Assets for Cryptocurrencies
The state of Wyoming has created a new asset class that defines cryptocurrencies as “Utility Tokens”.
Wyoming has taken the pioneering step to pass a bill that effectively exempts cryptos from state securities regulations and has created a separate asset class for them. This new law states that crypto developers and traders would be excluded from state securities laws as long as they meet a certain set of conditions.
To read more, click here.
Total Market Cap: Mar 14
The cryptocurrency market continues to be slow with a trading volume of just $13.83 billion in the last 24 hours. Market capitalization has also dropped down to $373.37 billion in the last one day.
Bitcoin Price Analysis: Mar 14
Bitcoin is still struggling to reach the $10,000 market, once again sliding a little to trade at $9,196.64, marking a 2.29% drop. Trading volume has gone down further to 5.85 billion and the Bitcoin’s market cap is currently at $155.81 billion.
Ethereum Price Analysis: Mar 14
Ethereum’s price continues to fall, and is currently at $692.55, a 2.60% fall from yesterday. The world’s second most valuable cryptocurrency is trading at a volume of $1.1.41 billion. Ethereum’s market cap also dropped slightly to $68.03 billion.
State of the Top 10 Cryptocurrencies: Mar 14
Here is the 24-hour performance data for ten of the world’s most valuable cryptocurrencies based on market cap.
- Bitcoin’s per-token price is currently at $9,196.64, slipping another 2.29%. The virtual currency has a current market value of $155.81 billion.
- Ethereum’s per-token price is currently at $692.55, slipping another 2.60%. The virtual currency has a current market value of $68.03 billion.
- Ripple’s per-token price is currently flat at $0.79. The virtual currency has a current market value of $30.88 billion.
- Bitcoin Cash’s per-token price is currently at $1,043.84, rising by 0.94%. The virtual currency has a current market value of $17.76 billion.
- Litecoin’s per-token price is currently at $174.96, slipping another 1.14%. The virtual currency has a current market value of $9.73 billion.
- Cardano’s per-token price is currently at $0.225686, rising by 2.01%. The virtual currency has a current market value of $5.96 billion.
- NEO’s per-token price is currently at $83.58, slipping another 5.43%. The virtual currency has a current market value of $5.53 billion.
- Stellar’s per-token price is currently at $0.290134, slipping another 1.16%. The virtual currency has a current market value of $5.38 billion.
- NEM’s entered the top 10, and its per-token price is currently at $0.514206, making a 22.41% jump. The virtual currency has a current market value of $4.63.
- EOS’s per-token price is currently at $5.88, rising by 0.85%. The virtual currency has a current market value of $4.26 billion.