Market Update 4.13.18 – Chinese Blockchain Conference Shut Down

| Publish date: 04/13/2018 (Last updated: April 13, 2018 01:44 PM)
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Chinese Blockchain Conference Shut Down by Police

The Global Fintech & Blockchain China Summit 2018, held in Shanghai, was shut down by the local police. According to the organizer of the conference, PTP International, the only reason the police gave for shutting down the conference was that it posed a security risk.

However, according to the rumor tree, the conference was actually shut down because a fraudulent Initial Coin Offering operator was invited to the event. This ICO, people allege, cheated a number of people out of their money.

To read the full story, click here.

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Santander Launching Ripple Payment App

Banking giant Santander Group is launching a blockchain-based international payments app. This app has been developed using Ripple’s distributed ledger technology and has taken two years to reach this stage.

The product will initially be rolled out in four countries – Spain, Brazil, Poland and the UK. With this launch, Santander becomes the first bank to offer its customers a blockchain technology-based international payments solution.

The launch further strengthens the partnership between Ripple and Santander, which started in 2015 when Ripple launched its Series A funding round and the bank’s venture capital division, InnoVentures invested $4 million in it.

Read the full story here.

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Bank of America May Replace Current Data Sharing Networks with Blockchain

According to a recent patent filing, Bank of America is contemplating replacing at least some of its current data-sharing networks with blockchain-based technology. As per the patent filing which was released by the United States Patent and Trademark Office, Bank of America has outlined an authorized blockchain.

If this blockchain is implemented, then all personal and business data would be securely recorded and authenticated by ensuring that only authorized users could access the data. Additionally, the blockchain would also have a record of every single person who would access the system.

To find out more, click here.

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Total Market Cap: Apr 13

Trading volume shot up in the last 24 hours by more than $10 billion to $25.11 billion in the cryptocurrency market. The market’s capitalization also shot up to $313.97 billion in the last one day.

Bitcoin Price Analysis: Apr 13

Bitcoin’s shot up by 12.58% in the last 24 hours to trade at $7824.25. The crypto’s trading volume has jumped up to $8.99 billion and its market value has soared to $133.22 billion.

Ethereum Price Analysis: Apr 13

Ethereum also skyrocketed by 13.50% to $492.37 in the past 24 hours. The digital asset’s trading volume also soared to $2.56 billion and its market capitalization is now $48.75 billion.

State of the Top 10 Cryptocurrencies: Apr 13

The cryptocurrency market has done a 180 degree turnaround in the last 24 hours. Every single one of the top ten cryptos have gained massively with IOTA leading the way with a 23.85% gain.

  • Bitcoin soared 12.58% to a trading price of $7842.25. BTC’s value in the market is $133.22 billion.
  • Ethereum soared 13.50% to a trading price of $492.37. ETH’s value in the market is $48.75 billion.
  • Ripple soared 17.62% to a trading price of $0.6232. XPR’s value in the market is $24.38 billion.
  • Bitcoin Cash soared 9.82% to a trading price of $743.71. BCH’s value in the market is $12.69 billion.
  • EOS gained 3.89 % to a trading price of $9.07. EOS’s value in the market is $7.17 billion.
  • Litecoin soared 8.53% to a trading price of $126.49. LTC’s value in the market is $7.09 billion.
  • Cardano skyrocketed by another 15.47% to a trading price of $0.209740. ADA’s value in the market is $5.43 billion.
  • Stellar soared 10.38% to a trading price of $0.238947. XLM’s value in the market is $4.43 billion.
  • NEO soared 11.25% to a trading price of $65.05. NEO’s value in the market is $4.22 billion.
  • IOTA skyrocketed 23.85% to a trading price of $1.35. MIOTA’s value in the market is $3.76 billion.

 

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