Market Update 3.20.18 – Stellar Integrating Lightening Network

| Publish date: 03/20/2018 (Last updated: March 21, 2018 05:41 PM)
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Stellar Integrating Lightening Network

Lightening Labs launched their beta version of the Lightening Network, a protocol designed to resolve Bitcoin’s scalability problems.

Yesterday, Stellar announced that it would be integrating the Lightening Network, making it one of the first projects to officially announce their integration with the protocol.

Jed McCaleb, the founder of Stellar stated that the project had long been contemplating protocols like the Lightening Network – since the inception of the concept of such a network, in fact. Now the project is going in for a full scale implementation of the plan.

To read the full story, click here.

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MasterCard – Central Bank Issued Cryptos OK

The Co-President Asia-Pacific division for MasterCard, Ari Sarker stated in an interview with the Financial Times that the company would be open to the idea of using cryptocurrencies that have been issued by central banks.

He said that if, in the future, governments created digital currencies, then they would look at them more favorably than any of the (current) regular cryptocurrencies.

The basic premise was that if these virtual currencies were backed by regulators and it was not anonymous, then MasterCard would be willing to explore using them. All other cryptos would then be treated as ‘junk’. Find out more here.

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IBM – World’s Smallest Blockchain Computer

IBM, the more than 100-year-old computer giant, yesterday announced that it was designing the world’s smallest computer – smaller than a grain of salt – which would use Blockchain technology.

IBM published this piece of news in its 5 in 5 Report, where innovations in the next 5 years are outlined. IBM Head of Research, Arvind Krishna, wrote that in the next 5 years, “cryptographic anchors” which could be ink dots or even computers that were smaller than a grain of salt, would be embedded in everyday items.

The target for this computer would be the supply-chain market, where competition is intense and new innovations for the supply-chain’s security are being developed. Read more here.

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Total Market Cap: Mar 20

Trading volume in the overall cryptocurrency market is slightly lower than yesterday at $17.81 billion. The cryptocurrency market’s value, however, has gone up a little more to $330.82 billion.

Bitcoin Price Analysis: Mar 20

Bitcoin is still rising for the second day in a row with a gain of 2.69% to a current trading price of $8505.88. Trading volume has slipped slightly to $6.50 billion and Bitcoin’s market value has gone up to $144.15 billion.

Ethereum Price Analysis: Mar 20

Ethereum’s price also increased slightly, gaining by 1.17% to $537.64. Market value for the crypto is now $53.05 billion and trading volume is $1.97 billion.

State of the Top 10 Cryptocurrencies: Mar 20

The top 10 cryptocurrencies saw gains for the second day in a row, with most of the cryptos gaining in market value as well as token prices.

  • Bitcoin is trading at $8505.88, gaining by 2.69%. The market value of the cryptocurrency is $144.15 billion right now.
  • Ethereum is trading at $537.64, gaining by 1.17%. The market value of Ethereum is now $53.05 billion right now.
  • Ripple is trading at $0.69, gaining by 6.15%. The market value of Ripple is now $27.15 billion right now.
  • Bitcoin Cash is trading at $982.50, gaining by 5.32%. The market value of Bitcoin Cash is now $16.72 billion right now.
  • Litecoin is trading at $158.66, gaining by 2.28%. The market value of Litecoin is now $8.83 billion right now.
  • Cardano is trading at $0.189014, gaining by 14.38%. The market value of Cardano is now $4.90 billion right now.
  • NEO is trading at $71.10, gaining by 8.10%. The market value of NEO is now $4.62 billion right now.
  • Stellar is trading at $0.244163, gaining by 9.78%. The market value of Stellar is now $4.52 billion right now.
  • EOS is trading at $5.78, gaining by 22.19%. The market value of EOS is now $4.27 billion right now.
  • IOTA is trading at $1.32, gaining by 8.19%. The market value of IOTA is now $3.65 billion right now.
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