Market Updates 9.05.18 – Iran Accepts Crypto Mining as an Industry
Market News
Iran Accepts Crypto Mining as an Industry
According to local news reports, the Iranian Secretary for the Supreme Cyberspace Council, Abolhassan Firoozabadi announced that the ministries of the government of Iran have accepted that cryptocurrency mining is a separate industry.
Major government departments like the Information and Communications Technology Ministry, the Industry, Mine and Trade Ministry, the Energy Ministry, the Economic Affairs and Finance Ministry as well as the Iranian central bank have all approved classifying crypto mining as an industry. Having said that, the official framework for the new industry is yet to be built for the country.
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ASX Investigates Penny Stock Launching an ICO
The Australian Stock Exchange (ASX) has launched an investigation into an IT company that owns a penny stock that is listed on a platform that is attempting to raise funding to the tune of $15 million through an ICO (Initial Coin Offering). The IT firm is attempting to launch a cryptocurrency exchange from the funds raised through this ICO.
The IT company is called Byte Power Group (BPG). On Wednesday the company issued a response to the ASX’s list of 17 questions. In this questionnaire, the ASX required the company to provide all the details about its planned ICO.
Find out about the rest of the story here.
MEGA Chrome Extension Compromised by Hackers
According to recent posts on social media platforms Twitter and Reddit, the MEGA Chrome extension (version 3.39.4) has been hacked and can now be used to steal users’ Monero cryptos as well as other sensitive information. This tool avers that it can improve a users’ browser performance by increasing page loading speeds and also provides a safe cloud storage service.
However, now the official Monero page has posted a warning to their community that XMR users should steer clear of this tool. Added to this warning, was another user’s warning that hackers could also steal user data using this tool.
Find out the details of the story here.
Total Market Cap: Sep 05
The crypto market has seen an increase in trading volumes $13.18 billion and the valuation of the market has also gone up to $239.22 billion.
Bitcoin Price Analysis: Sep 05
Bitcoin’s price is $7367.18, going up by 1.01% hike. The valuation of BTC is currently $127.05 billion on trade volumes of $4.46 billion.
Ethereum Price Analysis: Sep 05
Ethereum’s price is now at $284.28, a 0.68% drop since yesterday. Ether’s capitalization in the market is $28.91 billion with a trading volume of $1.56 billion.
State of the Top 10 Cryptocurrencies: Sep 05
The cryptocurrency market has been largely green today, with 80% of the top ten cryptos gaining in price and capitalization. The two exceptions are Ethereum and Ripple, both of which lost less than 1% in the last 24 hours. Stellar was the biggest gainer at 3.51%, followed by Litecoin, which gained 2.27% and Monero is up by 1.84%.
- Bitcoin’s token price is $7367.18, going up by 1.01%. The virtual asset’s valuation is $127.05 billion.
- Ethereum’s token price is $284.28%, going down by 0.68%. The virtual asset’s valuation is $28.91 billion.
- Ripple’s token price is $0.330464, going down by 0.93%. The virtual asset’s valuation is $13.10 billion.
- Bitcoin Cash’s token price is $628.79, going up by 0.21%. The virtual asset’s valuation is $10.89 billion.
- EOS’s token price is $6.51, going up by 1.15%. The virtual asset’s valuation is $5.89 billion.
- Stellar’s token price is $0.229571, going up by 3.51%. The virtual asset’s valuation is $4.30 billion.
- Litecoin’s token price is $68.01, going up by 2.27%. The virtual asset’s valuation is $3.95 billion.
- Tether’s token price is $0.999894, going up by 0.16%. The virtual asset’s valuation is $2.76 billion.
- Cardano’s token price is $0.105474, going up by 1.36%. The virtual asset’s valuation is $2.73 billion.
- Monero’s token price is $138.74, going up by 1.84%. The virtual asset’s valuation is $2.72 billion.