Market Update 6.15.18 – EOS Blockchain Finally Goes Live
Market News
EOS Blockchain Finally Goes Live
After weeks of debate and deliberation, the EOS Blockchain finally has gone live. According to best estimates, the new Blockchain began operations at about 17:46 UTC, finally ending what is being called the most complex launch process the nascent cryptocurrency industry has ever seen.
The software finally got the 150 million votes it needed to select the individuals and/or organizations that would be maintaining the network on Thursday. During the last couple of weeks, the two groups that were supposed to launch the new software found vulnerabilities in the system that needed to be resolved. However, the resolution is what caused differences in opinions, which is what led to the delay.
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Shatner Backs Solar-Powered Crypto Mining Venture
A new solar-powered cryptocurrency mining venture has been launched by Solar Energy Alliance, which is being endorsed by none other than William Shatner of Star Trek fame.
The company issued a press statement, giving the details of the new venture. The firm recently acquired a crypto mining warehouse located in Murphysboro in Illinois which covers 165,000 square feet of space. This warehouse, according to Solar Alliance, was bought at a nominal cost and is going to be converted into a solar-powered cryptocurrency venture.
For this venture, the company has also signed an MoU (Memorandum of Understanding) with a manufacturer of solar panels, which will develop the equipment that will be needed to run the crypto mining facility.
Find out more here.
Russian Association Testing Masterchain Pilot
The Russian Association of Corporate Treasurers has joined hand with the country’s central bank to test the new state-run Masterchain Blockchain-powered platform. According to the venture’s white paper, this platform has been created to help improve communications within the country’s banking system. This new platform is also being used to replace the current SWIFT network that is being used to communicate between banks.
This platform was developed by Russia’s FinTech Association in partnership with some of the biggest banks in the country. The system will include government agencies as well as national banks that are responsible for market regulation and contract registration.
Find out more here.
Total Market Cap: June 15
Trading volume is once again down to $15.94 billion, however, since yesterday capitalization in the cryptocurrency market has inched up to $285.20 billion.
Bitcoin Price Analysis: June 15
Bitcoin gained 1.58% to $6613.08 in the past 24 hours. Trading volume slipped to $4.78 billion but the capitalization gained to $113.07 billion.
Ethereum Price Analysis: June 15
Ethereum gained 4.14% to trade at $508.08 since yesterday. Trading volume was up at $2.31 billion and market cap also rose to $50.84 billion.
State of the Top 10 Cryptocurrencies: June 15
The world’s top ten cryptocurrencies saw a mixed performance today, with seven of them gaining in price and three of them losing value. Bitcoin rose by 1.58% after days of steady losses. However, the biggest gainer was EOS, which rose 7.10% on the back of its new Blockchain launch.
- Bitcoin rose 1.58% to a price of $6613.08. The asset’s market value is $113.07 billion.
- Ethereum rose 4.14% to a price of $508.08. The asset’s market value is $50.84 billion.
- Ripple slipped 0.19% to a price of $0.551781. The asset’s market value is $21.65 billion.
- Bitcoin Cash rose 0.86% to a price of $873.23. The asset’s market value is $15 billion.
- EOS rose 7.10% to a price of $11. The asset’s market value is $9.85 billion.
- Litecoin rose 3.31% to a price of $99.37. The asset’s market value is $5.66 billion.
- Stellar rose 4.41% to a price of $0.2373. The asset’s market value is $4.41 billion.
- Cardano slipped 2.07% to a price of $0.167670. The asset’s market value is $4.34 billion.
- IOTA slipped 0.78% to a price of $1.26. The asset’s market value is $3.50 billion.
- TRON rose 6.54% to a price of $0.04526. The asset’s market value is $2.97 billion.