Market Update 3.29.18 – Media Giants Sued for Banning Crypto Ads

| Publish date: 03/29/2018 (Last updated: March 29, 2018 10:52 AM)
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Media Giants Sued for Banning Crypto Ads

Russian, Chinese as well as South Korean crypto & blockchain associations are joining hands to file a lawsuit against Facebook, Google, Twitter and Yandex in May for the companies banning crypto-related ads.

Facebook was the first of the four to impose the ban, followed by an announcement by Google (though their ban would take effect from June), and then Twitter. And Yandex is expected to announce its own ban soon.

The organizations banding together to file the joint lawsuit are the Russian Associations of Cryptocurrency and Blockchain (RACIB), LCBT (the Chinese association of crypto investors) and the Korean Venture Business Associations.

To read the full story, click here.

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Two Crypto Exchanges in Japan Shutting Down

According to the local daily Nikkei, two crypto exchanges in Japan, Mr. Exchange and Tokyo GateWay, are withdrawing their applications for approval to launch services for domestic customers.

The Financial Services Agency (FSA) has been cracking down on cryptocurrency exchanges in the wake of the $533 million theft of NEM tokens from the Coincheck wallet earlier this year. The regulator has been focusing on how good the security is for the exchanges operating in the country and have issued orders to several exchanges to beef up their security protocols if they wish to continue operating in Japan.

To find out more, click here.

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Uphold Includes XRP

Uphold, a startup that does digital payments, announced that it has now developed a support mechanism for the buying and selling of Ripple’s XRP, joining a list of currencies – fiat as well as crypto – that can be bought, sold or exchanged.

JP Thieriot, the Vice Chairman of Uphold, stated that this addition was made post a Twitter poll, where, of the more than 12,000 respondents, 51% voted to XRP being added to the company’s list of tradeable currencies.

Thieriot said that it has taken the company about a month to integrate XRP into their system. He said that since they did not have an internal order-book, they needed to create an integration with another party. And in the case of XRP, they needed to add an entirely new blockchain.

Read the full story here.

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Total Market Cap: Mar 29

Trading volume in the cryptocurrency market has stayed almost the same in the last 24 hours at $13.28 billion. The value of the market has dropped an iota to $297.06 billion.

Bitcoin Price Analysis: Mar 29

Bitcoin is trading almost flat with a $23, or 0.28%, drop to $7900.52 since yesterday. The digital asset’s market value is now at $133.58 billion and its trade volume is $4.78 billion.

Ethereum Price Analysis: Mar 28

Ethereum’s downward slide isn’t stopping, with the cryptocurrency going down another 6.07% to trade at $425.85. The digital currency’s trade volume is at $1.45 billion while its market value is $42.14 billion.

State of the Top 10 Cryptocurrencies: Mar 29

All of the top 10 cryptocurrencies have dropped in price and value in the last 24 hours. Bitcoin Cash showed the biggest drop of 7.38%.

  • Bitcoin’s price dropped by 0.28% to trade at $7900.52. Its value is now $133.58 billion.
  • Ethereum’s price dropped by 6.07% to trade at $425.85. Its value is now $42.14 billion.
  • Ripple’s price dropped by 1.45% to trade at $0.558902. Its market value is $21.84 billion.
  • Bitcoin Cash’s price dropped by 7.38% to trade at $815.03. Its market value is $13.89 billion.
  • Litecoin’s price dropped by 6.45% to trade at $126.46. Its market value is $7.06 billion.
  • EOS’s price dropped by 3.02% to trade at $6.09. Its market value is $4.62 billion.
  • Cardano’s price dropped by 4.86% to trade at $0.153547. Its market value is $3.98 billion.
  • Stellar’s price dropped by 3.83% to trade at $0.211585. Its market value is $3.92 billion.
  • NEO’s price dropped by 3.66% to trade at $55.17. Its market value is $3.58 billion.

IOTA’s price dropped by 5.83% to trade at $1.13. Its market value is $3.12 billion.

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