Market Update 2.21.19 – LA Kings Launches Blockchain Based Merchandise Certifier
Market News
LA Kings Launches Blockchain Based Merchandise Certifier
LA Kings, the American ice hockey team, have launched a tool using Blockchain technology for certifying the authenticity of merchandise. The news was confirmed by the team’s executives via a press release on February 20.
The tool was created in partnership with Pro Exp Media, the AR (augmented reality) startup, and is called AR Authentication App. This tool will now allow fans to buy the team’s merchandise and find out if those products are genuine or not. While the press release did not disclose how the app works, it did say that the new tool would reject any product that did not pass various tests.
Read more about this story here.
Byrne Electrifies Audience at Oppenheimer Event
The Chief Executive Officer of the retail giant Overstock.com Patrick Byrne electrified the audience at investment bank Oppenheimer & Co.’s event in New York on Wednesday.
Byrne was at the event to talk about investing in Blockchain and the technology’s transformative potential. The event had been rather low-key until it was Byrne’s turn to give his keynote address. He stunned the attendees with his speech about how Blockchain could improve transparency and reduce the need to trust to a minimum. This in turn, he stated, would lead to the removal of systemic risks.
Read more here.
Zuckerberg Considers Impact of Blockchain Authorization
During an interview on February 20 with Harvard Law School’s Professor Jonathan Zittrain, the co-founder and Chief Executive Officer of Facebook Mark Zuckerberg discussed the impact of Blockchain based user data authorization.
During the course of the interview, Zuckerberg stated that he was contemplating using Blockchain technology to help users gain control of their own data. He stated that this would basically mean that users could take their own information and store it on a decentralized system. Then, they had the choice of logging in to different places without the need to go through an intermediary.
Read more about this story here.
Total Market Cap: Feb 21
The capitalization of the crypto market increased since yesterday to $134.59 billion. Trade volumes are currently at $29.56 billion.
Bitcoin Price Analysis: Feb 21
Bitcoin is up 0.56% to its current trading price of $3981.21. The crypto is now valued at $69.87 billion and it is trading at volumes of $8.79 billion.
Ethereum Price Analysis: Feb 21
Ether is up by 1.23% and is now trading at $146.86 per token. The value in the market of the altcoin is now $15.41 billion and trade volumes are now $4.43 billion.
State of the Top 10 Cryptocurrencies: Feb 21
Tron and Ripple are down marginally by 0.01% and 0.43% respectively. Binance Coin is down by 6.63%, which is the biggest loss experienced by one of the top ten cryptocurrencies. The other seven in the list are in the green. The biggest gains have been made by EOS, which has gained 2.79% since yesterday. The next highest gains have been by Litecoin, up 1.49% and Ethereum, up 1.23%.
- Bitcoin’s token price is $3981.21, up by 0.56%. At this time, the crypto’s value is $69.87 billion.
- Ethereum’s token price is $146.86, up by 1.23%. At this time, the crypto’s value is $15.41 billion.
- Ripple’s token price is $0.325731, down by 0.43%. At this time, the crypto’s value is $13.45 billion.
- EOS’s token price is $3.78, up by 2.79%. At this time, the crypto’s value is $3.42 billion.
- Litecoin’s token price is $49.50, up by 1.49%. At this time, the crypto’s value is $2.99 billion.
- Bitcoin Cash’s token price is $143.42, down by 0.35%. At this time, the crypto’s value is $2.52 billion.
- Tether’s token price is $1.01, up by 0.09%. At this time, the crypto’s value is $2.04 billion.
- Stellar’s token price is $0.090091, up by 1.12%. At this time, the crypto’s value is $1.72 billion.
- TRON’s token price is $0.024979, down by 0.01%. At this time, the crypto’s value is $1.66 billion.
- Binance Coin’s token price is $10.34, down by 6.63%. At this time, the crypto’s value is $1.45 billion.