Market Update 9.02.18 – Former Ripple CTO’s Blockchain Project Coil Now In Closed Beta
Market News
Former Ripple CTO’s Blockchain Project Coil Now In Closed Beta
Coil is a new company founded by the former chief technology officer of Ripple named Stefan Thomas. Now, it has finally entered a closed beta. The project reportedly aims to enable web content creators to better monetize their work. It was revealed in May, particularly when Thomas departed Ripple. In an interview, he discussed the closed beta and described it as a more improved way of leveling the playing field for content creators.
“If you’re big you can have a subscription service like Netflix or Spotify. If you’re big you can collect enough data about people to make a lot of money with ads like Facebook or Google,” he said.
Coil has not announced the beta publicly, but it has already started inviting a number of select parties. Thus far, few websites have already joined the platform, with Thomas suggesting that they already began “passive integrations” with some well-known sites such as YouTube and Twitch, among others.
Read the full report here.
Firefox Planning To Block Crypto Mining Malware
Firefox is among today’s most popular web browser. It is said to begin automatically blocking crypto mining malware scripts in future releases as part of a much wider performance-enhancing push.
The Mozilla Foundation, the not-for-profit organization behind the open-source browser, said Thursday that it intends to block trackers and other “harmful practices” in upcoming releases. This includes features like the anti-tracking function, which is already on in its Firefox Nightly beta version.
By doing so, the company is hoping to prevent third-party scripts from hampering the overall user experience. This is a statement confirmed and further detailed by Nick Nguyen, the Mozilla vice president of product. These scripts are generally embedded within websites and can commandeer a user’s computing power without their knowledge.
“Deceptive practices that invisibly collect identifiable user information or degrade user experience are becoming more common,” Nguyen wrote, adding:
Read the full report here.
Japanese Authorities To Fund Crypto Criminal Tracking Tool
Japan’s National Police Agency (NPA) is planning to fund the development of new software that is expected to help them track individuals behind all sorts of illicit crypto transactions. The department is expected to accumulate a budget of 35 million yen ($315,000) for 2019 in order to fund the creation of the product. The latter is believed to be an outsourcing technological development of the software to the private sector.
The NPA said the software will track the flow of blockchain transactions, particularly those that are flagged as suspicious. At the same time, it will “visualize and locate” the individuals sending or receiving the digital asset.
Read the entire story here.
Total Market Cap: Sept. 2
The volume of trade in the crypto market sat at $13.66 billion. The market’s capitalization, on the other hand, reached $237.74 billion.
Bitcoin Price Analysis: Sept. 2
In the past 24 hours, Bitcoin jumped 2.27% to trade at $7,216.79. The leading cryptocurrency’s trade volume trickled to $4.21 billion, while its market slid to $124.45 billion.
Ethereum Price Analysis: Sept. 2
Ethereum’s price jumped 3.42% to trade at $296.37. As for the altcoin’s trading volume, it reached $1.56 billion; whereas its market capitalization hit $30.14 billion.
State of the Top 10 Cryptocurrencies: Sept. 2
In the past 24 hours, all prices were up, except EOS. Meanwhile, Monero dethroned IOTA at the 10th spot.
- Bitcoin’s market price jumped 2.27% to $7,216.79, and its value in the market is $124.45 billion.
- Ethereum’s market price jumped 3.42% to $296.37, and its value in the market is $30.14 billion.
- XRP’s market price jumped 2.07% to $0.346435, and its value in the market is $13.74 billion.
- Bitcoin Cash’s market price jumped 16.56% to $643.19, and its value in the market is $11.14 billion.
- EOS’ market price fell 0.64% to $6.54, and its value in the market is $5.93 billion.
- Stellar’s market price jumped 1.89% to $0.229513, and its value in the market is $4.31 billion.
- Litecoin’s market price jumped 4.36% to $66.10, and its value in the market is $3.84 billion.
- Tether market price jumped 0.21% to $1.00, and its value in the market is $2.77 billion.
- Cardano market price jumped 0.64% to $0.105589, and its value in the market is $2.74 billion.
- Monero dethrones TRON at the 10th spot, with its market price jumping 4.24% to $123.59, and its value in the market is $2.02 billion.