Market Update 3.30.19 – CSICL to Explore Blockchain Applications

| Publish date: 03/30/2019
Share

Market News

CSICL to Explore Blockchain Applications

According to local news reports, the Chinese shipping giant CSICL (China Shipbuilding Industry Company Limited) is planning to explore how Blockchain technology can be applied to upstream supplier financing. CSICL is the subsidiary of CSIC (China Shipbuilding Industry Corporation), one of the two biggest shipping conglomerates in China.

Now, according to reports, CSICL has signed a strategic cooperation deal with Shanghai Bank focusing on supply chain services. As part of the agreement, the two entities will develop a Blockchain powered supply-chain finance platform for CSIC’s upstream suppliers.

Read the rest of the story here.

Embed from Getty Images

US SEC Postpones Decision on Two BTC ETF Proposals

The US SEC (Securities and Exchange Commission) has postponed taking a decision on two proposals for BTC (Bitcoin) ETFs (Exchange Traded Funds) that had been submitted earlier this year.

Changelly - Exchange cryptocurrency at the best rate

The first proposal, submitted by Bitwise Asset Management in partnership with NYSE Arca, had been published in the Federal Register on February 15. This initiated the first 45-day time limit for a first-cut decision on the filing. However, with this postponement, the SEC has bought itself another 45 days to make that decision. The second proposal that was under review and on which the decision was postponed had been filed by the VanEck-SolidX-Cboe BZX Exchange team.

Read the rest of the story here.

Experts Says Ethereum Losing to Other Networks

According to various experts, the Ethereum network is losing ground as its developers are leaving to join other newer networks. Ethereum had launched in 2015, and it was the first provider of a platform where developers could build Dapps (decentralized applications), create smart contracts as well as conduct ICOs (initial coin offerings). Many felt that it was going to be the Bitcoin network’s successor.

However, now, experts believe that developers prefer to join newer platforms such as Stellar and EOS. In fact, according to data for January, 48% of the Dapps users were on the EOS network, another 24% were on Tron’s network and only 28% were using the Ethereum network. According to Multicoin Capital Management’s co-founder Kyle Samani, the reality was that till just 6 to 9 months ago, Ethereum was the only option available to Dapps developers.

Read more about this story here.

Embed from Getty Images

Total Market Cap: Mar 30

The crypto market’s capitalization is almost the same as yesterday at $143.74 billion. Trading volumes are at $36.58 billion.

Bitcoin Price Analysis: Mar 30

The price of BTC is up by 0.98% to trade at $4098.85 per token. The crypto-asset’s capitalization is currently at $72.21 billion and trading volumes are at $10.83 billion.

Ethereum Price Analysis: Mar 30

Up by 1.62%, Ethereum’s current token price is $142.05. The digital currency is currently experiencing trading volumes of $5.32 billion, with a market capitalization of $14.97 billion.

State of the Top 10 Cryptocurrencies: Mar 30

In the last 24 hours, the cryptocurrency market has seen tremendous volatility, however, it has now settled down to prices that are almost the same as they were 24 hours ago. EOS and Binance Coin prices have dropped by 1.37% and 1.50% in that time period. The rest of the cryptos are still trading up, albeit only marginally. The biggest gains in token price have been for Cardano, whose price is up by 2.09%.

  • Bitcoin’s trading at $4098.85, increasing 0.98%. The crypto-asset’s market cap is now $72.21 billion.
  • Ethereum’s trading at $142.05, increasing 1.62%. The crypto-asset’s market cap is now $14.97 billion.
  • Ripple’s trading at $0.310979, increasing 0.87%. The crypto-asset’s market cap is now $12.96 billion.
  • EOS’s trading at $4.22, decreasing 1.37%. The crypto-asset’s market cap is now $3.82 billion.
  • Litecoin’s trading at $61.01, increasing 0.36%. The crypto-asset’s market cap is now $3.72 billion.
  • Bitcoin Cash’s trading at $169.53, increasing 0.11%. The crypto-asset’s market cap is now $3.00 billion.
  • Binance Coin’s trading at $16.47, decreasing 1.50%. The crypto-asset’s market cap is now $2.32 billion.
  • Stellar’s trading at $0.0106994, increasing 0.14%. The crypto-asset’s market cap is now $2.05 billion.
  • Tether’s trading at $1.00, increasing 0.25%. The crypto-asset’s market cap is now $2.03 billion.
  • Cardano’s trading at $0.070686, increasing 2.09%. The crypto-asset’s market cap is now $1.83 billion.
Share

Related Posts

Market Update 3.08.18 – SEC Requires Registration
Market News SEC Requires all Platforms Trading in Securities…
Market Update 7.11.18 – Philippines CEZA Grants...
Market News Philippines CEZA Grants Licenses to Crypto Exchanges…
Market Update 6.11.18 – Crypto Market Down...
Market News Crypto Market Down on CFTC Probe The…

Leave a Comment