Market Update 6.30.18 – KYC Test on R3 Blockchain Platform Completed
Market News
KYC Test on R3 Blockchain Platform Completed
According to R3 official blog post, 39 financial services companies partnered with the R3 Blockchain consortium to complete more than 300 transactions using the platform’s KYC app.
The KYC project carried out by R3 had financial and banking services companies participating from all across the globe. Participants included companies such as Deutsche Bank, the National Bank of Egypt, ING, Raiffeisen Bank International. Government regulation agencies such as the Federal Reserve Bank of Boston, the Central Bank of Columbia as well as the Financial Superintendence of Colombia.
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CoinText.io Building BCH Mobile Wallet
A new blockchain startup, CoinTex.io is developing a new method by which offline Bitcoin Cash (BCH) transactions can be conducted. The new project was able to raise $600,000 through its seed funding round.
The funding round was led by Yeoman’s Capital, and this money will be used to develop a mobile wallet that will be able to support BCH transactions carried out using text messages. The key factor will be that users will not need an internet connection or a wallet address to carry out these transactions.
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USV Investing in Blockchain and Cryptos
The private equity firm and venture capitalist, Union Square Ventures (USV) is planning to invest in Blockchain technology and cryptocurrencies over the next 10 years. However, the company will not be creating a separate fund for this purpose. The managing partner at USV, Albert Wenger said in an interview with CNBC that the company saw a lot of advantages in keeping these investments under the same roof.
Despite the bear market conditions and doomsday prophesies, USV is very optimistic about the future of the cryptocurrency market, especially in the long term.
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Total Market Cap: June 30
After being called a “bloodbath” by mainstream media, the cryptocurrency market has seen an upward swing in trading today. The market capitalization has gone up to $256.13 billion while trading volume shot up from yesterday’s $10 billion to $14.11 billion today.
Bitcoin Price Analysis: June 30
The Bitcoin price surged 7.90% to $6406.30 per token in trading today. The crypto’s trading volume also went up to $4.51 billion and its value in the market increased to $109.56 billion.
Ethereum Price Analysis: June 30
ETH also saw a price surge of 7.79% to currently trade at $450.22. Ethereum’s trading volume has gone up to $1.74 billion and its market value is currently $45.05 billion.
State of the Top 10 Cryptocurrencies: June 30
After days of declining prices, the cryptocurrency has seen a massive surge in trading so far today. The top ten cryptocurrencies all saw massive gains. The price of Bitcoin surged 7.9% today, but the biggest gainers so far have been BCH, whose token price skyrocketed by 13.1%, ADA, which climbed by 12.45% and LTC, which moved up by 12.38%.
- Bitcoin’s price gained 7.90% to trade at $6406.30. The market value of the asset is now $109.56 billion.
- Ethereum’s price gained 7.79% to trade at $450.22. The market value of the asset is now $45.05 billion.
- Ripple’s price gained 5.87% to trade at $0.467958. The market value of the asset is now $18.37 billion.
- Bitcoin Cash’s price gained 13.1% to trade at $749.71. The market value of the asset is now $12.90 billion.
- EOS’s price gained 8.70% to trade at $7.99. The market value of the asset is now $7.16 billion.
- Litecoin’s price gained 12.38% to trade at $82.19. The market value of the asset is now $4.7 billion.
- Stellar’s price gained 10.23% to trade at $0.196897. The market value of the asset is now $3.69 billion.
- Cardano’s price gained 12.45% to trade at $0.131535. The market value of the asset is now $3.41 billion.
- IOTA’s price gained 8.15% to trade at $0.999788. The market value of the asset is now $2.77 billion.
- Tether’s price gained 1.11% to trade at $1.01. The market value of the asset is now $2.72 billion.