Market Update 3.28.19 – Marco Polo Sees First Live Trades
Market News
Marco Polo Sees First Live Trades
The trade finance Blockchain that has been developed on R3’s Corda platform Marco Polo has seen its first two live trades. The trades were announced on Thursday, and the transactions took place between two companies from Germany – Voith and KSB SE. Voith is a manufacturer of industrial machines such as turbines, transmissions and generators, while KSB SE is a supplier of valves and pumps.
The first transaction, which was done by Voith, took place between Germany and China and was related to the delivery of special hydraulic couplings. The second, conducted by KSB SE, was within Germany and involved pumps being delivered.
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Japan’s Court Acquits Man of Illicitly Mining Cryptos
According to local news reports, the Yokohama District Court in Japan acquitted a man who had been accused of illicitly mining cryptocurrencies using computing power from those who visited his website. It was alleged that this man was running Coinhive on his website so that he could mine cryptos. This is a practice that is known as cryptojacking.
The Judge presiding over the case, Toshihiro Homma stated that the defendant’s actions could not be constituted as criminal since it could not be said that embedding such a program was socially not acceptable. Prosecutors had pushed for the defendant being fined ¥100,000 (~$904), stating that the man had run the program without making his visitors aware of it. They also stated that this program had increased visitors’ electricity bill.
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Kraken Enhances Client and Industry Security
The cryptocurrency exchange Kraken has now introduced two new protocols that are aimed at increasing their clients’ as well as the industry’s security levels. These new initiatives were announced by the company’s new chief security officer Nicholas Percoco on March 27.
The first one is a mandatory 2FA (2-Factor Authentication) process. Kraken has had optional 2FA since 2013, however, now the exchange has made it compulsory. Percoco stated that users would be asked to enable the feature the next time they log in. The options for this 2FA are YubiKey and Google Authenticator at the moment.
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Total Market Cap: Mar 28
The market’s capitalization at this point is $142.43 billion and trading volumes are at $34.67 billion.
Bitcoin Price Analysis: Mar 28
Up by 0.38%, the price of Bitcoin in the last 24 hours has come to $4068.61 per token. The crypto is experiencing trading volumes of $10.03 billion and its capitalization now stands at $71.66 billion.
Ethereum Price Analysis: Mar 28
ETH’s price has gone up by 0.62% in the last 24 hours and is now trading at $139.88 a token. Capitalization for the altcoin is at $14.74 billion and trading volumes are at $4.66 billion.
State of the Top 10 Cryptocurrencies: Mar 28
EOS has taken over the fourth spot in the top ten most valuable cryptocurrencies list, ousting Litecoin from that position. The digital asset jumped 4.60% to do so, and is currently the best performing cryptocurrency on that list. All other cryptos are either up or down less than 1%, with the exception of Cardano, which is down by 1.03%.
- Bitcoin’s trading at $4068.61, going up 0.38%. The asset is current valued at $71.66 billion.
- Ethereum’s trading at $139.88, going up 0.62%. The asset is current valued at $14.74 billion.
- Ripple’s trading at $0.309027, going down 0.14%. The asset is current valued at $12.88 billion.
- EOS’s trading at $4.27, going up 4.60%. The asset is current valued at $3.86 billion.
- Litecoin’s trading at $61.30, going up 0.27%. The asset is current valued at $3.74 billion.
- Bitcoin Cash’s trading at $169.79, going up 0.05%. The asset is current valued at $3.00 billion.
- Binance Coin’s trading at $16.74, going down 0.55%. The asset is current valued at $2.36 billion.
- Tether’s trading at $1.01, going up 0.05%. The asset is current valued at $2.05 billion.
- Stellar’s trading at $0.0106711, going up 0.86%. The asset is current valued at $2.05 billion.
- Cardano’s trading at $0.065597, going down 1.03%. The asset is current valued at $1.70 billion.