Market Update 4.04.18 – New Ethash ASIC Miner Released
Market News
New Ethash ASIC Miner Released
Bitmain, the China-based tech giant announced through a tweet the release of the new Ethash ASIC miner called the Antminer E3.
According to the tweet, the Antminer E3 is the most powerful and efficient Ethash miner in the world. Each miner will cost $800 and orders will be limited to only one machine per person. The device will not be for sale in China, Macau, Hong Kong or Taiwan.
Bitmain will accept payments only in US Dollars or Bitcoin Cash (BCH) for this first batch. Read here for the rest of the story.
Longfin Stocks Drop by 30% on SEC Investigation
The share price of fintech firm Longfin dropped 30.89% after it was announced that the Securities and Exchange Commission (SEC) was going to investigate it business. The company made this announcement in its 10-k filing to the SEC.
The fintech firm, listed on the NASDAQ, saw its share price skyrocket 1000% in December after it announced that it had acquired a firm – Ziddu.com – that specialized in smart contracts and micro-lending based on Blockchain technology. However, since then, the company’s share prices have seen a steady decline.
So far, Longfin’s losses for the year have amounted to 82.43% for the year. The fintech firm’s stock price is currently $9.89 per share now. Read the full story here.
BitKan Raises $10 million in Series B Funding Round
The cryptocurrency data startup based out of Shenzhen in China, BitKan, has raised another $10 million in a Series B funding program. The company said that the main investors in this round of funding were Zhongyunhui Capital, IDG Capital and Bitmain.
The company plans to use these funds to expand its current business and develop a platform in its existing app which will go into Beta testing on April 20. To read the full story, click here.
Total Market Cap: Apr 04
The cryptocurrency market saw a trading volume of $13.50 billion in the last one day and now has a value of $275.16 billion.
Bitcoin Price Analysis: Apr 04
In the last 24 hours, Bitcoin’s price slipped by 1.27% to trade at $7322.73. The cryptocurrency’s current market value is $124.21 billion and has a trade volume of $5.22 billion now.
Ethereum Price Analysis: Apr 04
Ethereum’s price has again slipped a notch by 0.71% to $402.02 and has had a trading volume of $1.29 billion in the last 24 hours. The market cap of the altcoin is now at $39.68 billion.
State of the Top 10 Cryptocurrencies: Apr 04
The last 24 hours of cryptocurrency trading saw the top ten cryptocurrencies trading around the same range as yesterday. Most of the top ten slipped less than 2% in their prices, however, Litecoin and Cardano saw slight upward movements in this time period.
- Bitcoin’s price has slipped by 1.27% to $7322.73 now. The cryptocurrency’s market cap is currently $124.21 billion.
- Ethereum’s price has slipped by 0.71% to $402.02 now. The cryptocurrency’s market cap is currently $39.68 billion.
- Ripple’s price has slipped by 2.72% to $0.534957 now. The cryptocurrency’s market cap is currently $20.91 billion.
- Bitcoin Cash’s price has slipped by 0.08% to $691.42 now. The cryptocurrency’s market cap is currently $11.79 billion.
- Litecoin’s price has gained by 2.89% to $128.50 now. The cryptocurrency’s market cap is currently $7.18 billion.
- EOS’s price has slipped by 0.16% to $6.01 now. The cryptocurrency’s market cap is currently $4.62 billion.
- Cardano regained its position in the top 10 and its price has gained by 4.27% to $0.176927 now. The cryptocurrency’s market cap is currently $4.48 billion.
- Stellar’s price has slipped by 2.65% to $0.231133 now. The cryptocurrency’s market cap is currently $4.28 billion.
- NEO’s price has slipped by 0.78% to $52.07 now. The cryptocurrency’s market cap is currently $3.38 billion.
- IOTA’s price has slipped by 1.83% to $1.07 now. The cryptocurrency’s market cap is currently $2.96 billion.