Market Update 3.30.18 – Ripple Donates $29 Million XRP
Market News
Ripple Donates $29 Million XRP to Public Schools
Ripple, the blockchain-based payments network, just donated $29 million of its own XRP cryptos to American public schools. This step answered the needs about 35,000 different funding requests from teachers through the DonorsChoose charity.
DonorsChoose will convert these donations made by Ripple into dollars, spread over the next two weeks to mitigate the impact of volatility in the cryptocurrency market. According to the charity’s CEO, Charles Best, this donation would be the largest ever cryptocurrency donation. Read the full story here.
Intel Patenting Bitcoin Mining Hardware
Intel is filing a patent for its Bitcoin mining hardware called Accelerator. The company, in the filing, charts out a mining method which would increase Bitcoin mining capability while using less electricity, thereby making the process cheaper than it is right now.
Intel says that its Accelerator could reduce electricity consumption by up to 35% in comparison to the current general purpose processors being used for Bitcoin mining. And another plus point is that this hardware would not be restricted to ASICs but could be used to an array of mining systems.
To find out more, click here.
Crypto Token Kin to Go Mainstream with Unity
The Kin Foundation is hoping that game developers will help it take its crypto token Kin mainstream. To this end, the foundation has managed to get the assistance of Unity Technologies, one of the giants in the game developing industry.
Unity manufactures game engines that can be used by other game developers. Some of the most famous games that have been developed using Unity’s gaming engines include Pokémon Go, Cuphead and Kerbal Space Program.
Kin was created by Kik, a messaging app company, and its ICO last year raised about $98 million. The company will now be working with Unity to create development kit which will be specific to gaming, through which millions of Unity developers can integrate kin into their designs. Kin is hosted on both Ethereum as well as Stellar blockchains.
To read the full story, click here.
Total Market Cap: Mar 30
The volume of trade in the last 24 hours jumped up to $18.64 billion. However, capitalization dropped even further to $267.83 billion since yesterday.
Bitcoin Price Analysis: Mar 30
Bitcoin dropped by 10.65% to trade at a price of $7059.04 since yesterday. Trading volume was up to $7.2 billion, but the cryptocurrency’s market value is down even more at $120.73 billion.
Ethereum Price Analysis: Mar 30
Ethereum price has dropped below the $400 mark for the first time since November 2017, and is now trading at $393.61, which is a 7.57% drop in the last 24 hours. The crypto’s market value is now $39.13 billion and has a trading volume of $2.25 billion.
State of the Top 10 Cryptocurrencies: Mar 30
The cryptocurrency market continues to slide as can be seen in the performance of the top ten cryptocurrencies. EOS was the only crypto not to slide.
- Bitcoin has a current price of $7059.04, a dip of 10.65%, and its market cap is $120.73 billion.
- Ethereum has a current price of $393.61, a dip of 7.57%, and its market cap is $39.13 billion.
- Ripple has a current price of $0.516122, a dip of 7.65%, and its market cap is $20.17 billion.
- Bitcoin Cash has a current price of $747.28, a dip of 8.31%, and its market cap is $12.73 billion.
- Litecoin has a current price of $121.08, a dip of 4.25%, and its market cap is $6.76 billion.
- EOS has a current price of $6.13, a gain of 0.65%, and its market cap is $4.66 billion.
- Cardano has a current price of $0.147013, a dip of 4.25%, and its market cap is $3.81 billion.
- Stellar has a current price of $0.190579, a dip of 9.92%, and its market cap is $3.53 billion.
- NEO has a current price of $52.25, a dip of 5.29%, and its market cap is $3.39 billion.
- IOTA has a current price of $1.12, a dip of 0.88%, and its market cap is $3.10 billion.