Market Update 2.25.19 – Google Cloud Adds Ontology’s Platform

| Publish date: 02/25/2019
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Google Cloud Adds Ontology’s Platform

According to a Medium post released by Ontology, Google’s Cloud Marketplace has added the company’s crypto’s (ONT’s) development software to its platform. This freshly supported software is called ont_dev_platform and is basically a set of tools used in the development of smart contracts on the Ontology Blockchain.

The Dapp includes a smart contract IDE (Integrated Development Environment), an Ontology test environment, a block explorer as well SmartX. This will be the one of the first public Blockchains to have its development platform on one of the biggest Cloud marketplaces.

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Ohanian: Hype Around Cryptos is Gone and It’s Good

According to the co-founder of Reddit, Alexis Ohanian, the hype around the cryptocurrency market has now subsided as speculators have left the market, and this is a good thing for the industry as a whole.

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During an interview with Yahoo! Finance on Friday, Ohanian stated that it was a good thing that the hype around the nascent industry was gone. He explained that in such a bearish market, only those who truly believed in cryptos have stayed on. According to him, these are the people who are now involved in the development of the

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Austrac Testing Blockchain for Funds Transfer Instructions

Austrac (the Australian Transaction Reports and Analysis Centre) is testing a Blockchain based prototype that will focus on the automation of instructions for funds transfers. Austrac is a government funded agency that gathers financial intelligence.

The Agency is partnering with Melbourne’s Swinburne University of Technology to test the use of Blockchain as well as smart contracts to assist multiple organizations that report to Austrac in automating their IFTIs (International Fund Transfer Instructions). These organizations include remitters and casinos, as well as banks.

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Total Market Cap: Feb 25

With trading volumes at $38.18 billion, the current capitalization of the global cryptocurrency market stands at $128.92 billion.

Bitcoin Price Analysis: Feb 25

Dropping by a massive 8.01%, the price of the world’s most valuable cryptocurrency, Bitcoin, is now at $3836.29 per token. The worth of the crypto has dropped to $67.35 billion in the last 24 hours and trading volumes are at $10.78 billion.

Ethereum Price Analysis: Feb 25

The price of the second most valuable crypto has plunged by 14.52% in the last 24 hours to $139.93 and its capitalization has declined to $14.69 billion. Trading volumes are currently at $6.04 billion.

State of the Top 10 Cryptocurrencies: Feb 25

With the exception of the stablecoin Tether, the ten most valuable cryptocurrencies in the world have seen massive losses in the last 24 hours. EOS is leading the losses with a 16.04% drop in its token price. Bitcoin Cash follows with a massive 14.85% decline in its token price. The third steepest decline has been seen by Ethereum, which has plunged by 14.52% in the last one day.

  • Bitcoin’s price in the market is $3836.29, dropping 8.01%. The value of the virtual currency is $67.35 billion.
  • Ethereum’s price in the market is $139.93, dropping 14.52%. The value of the virtual currency is $14.69 billion.
  • Ripple’s price in the market is $0.304541, dropping 9.54%. The value of the virtual currency is $12.59 billion.
  • EOS’s price in the market is $3.61, dropping 16.04%. The value of the virtual currency is $3.27 billion.
  • Litecoin’s price in the market is $45.20, dropping 13.62%. The value of the virtual currency is $2.74 billion.
  • Bitcoin Cash’s price in the market is $132.21, dropping 14.85%. The value of the virtual currency is $2.33 billion.
  • Tether’s price in the market is $1.01, up by 0.28%. The value of the virtual currency is $2.03 billion.
  • Stellar’s price in the market is $0.084765, dropping 11.08%. The value of the virtual currency is $1.62 billion.
  • TRON’s price in the market is $0.024299, dropping 9.59%. The value of the virtual currency is $1.62 billion.
  • Binance Coin’s price in the market is $10.11, dropping 7.28%. The value of the virtual currency is $1.42 billion.
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