Market Update 4.20.18 – Walmart to Store Payments Data
Market News
Walmart to Store Payments Data on Blockchain
According to two newly published patent applications in the US Patent and Trademark Office (USPTO), Walmart may be planning to store its payments data on Blockchain based technology. The patents focus on the use of Blockchain technology to secure payments information so that it is not accessible to unauthorized parties.
The idea put forward in this patents is that while customer must be able to see their payment data, third parties will not have this level of access.
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Huobi Planning to Expand to London
The fourth largest cryptocurrency exchange in the world, Chinese-born Huobi has announced its plans to open its office in London as part of its global expansion plan.
The Huobi Group’s senior business development manager for the European region, Chern Chung stated that data gathered showed that London had the most active trading scene in Europe. Chung also stated that by choosing London, the company was showing how serious it was about going mainstream.
Read the full story here.
Bithumb Planning its Own Cryptocurrency
South Korea’s number one cryptocurrency exchange, Bithumb announced plans to issue its own cryptocurrency token called Bithumb Coin through an Initial Coin Offering.
The sale of these tokens will take place in Singapore since ICOs are banned in South Korea. According to the reports, Bithumb isn’t looking for individual investors for this venture. The exchange is targeting large-scale, institutional investors. The company did not specify when the ICO would be launched. Neither did it specify how big the venture was going to be.
Read the full story here.
Total Market Cap: Apr 20
The market remains active as trading volume has continued to rise to $22.34 billion in the last one day. The cryptocurrency market’s value has also gone up further to $359.42 billion.
Bitcoin Price Analysis: Apr 20
Bitcoin’s price fluctuated a little in the last 24 hours and is currently up 1.14% to trade at $8288.91. The number one virtual currency’s trading volume increased further to $7.34 billion and its market value went up to $140.60 billion.
Ethereum Price Analysis: Apr 20
Ethereum is steadily rising for the third day in a row, going up 5.59% to trade at a price of $564.20. Ether’s trade volume has gone up to $2.41 billion and its market value increased further to $55.81 billion.
State of the Top 10 Cryptocurrencies: Apr 20
In the last 24 hours, seven of the top ten cryptocurrencies have gained, with Ripple’s XRP leading the pack with a 12.65% gain. Cardano, Stellar and NEO all dropped by 0.24%, 3.80% and 1.78% respectively. Overall investor sentiment seems to be on the up as trading volume in all cryptocurrencies was up for the last 24 hours. The top three cryptocurrencies have registered gains for the third day in a row.
- Bitcoin’s price gained 1.14%, trading at $8288.91. The market capitalization for BTC is currently at $140.60 billion.
- Ethereum’s price gained 5.59%, trading at $564.20. The market capitalization for ETH is currently at $55.81 billion.
- Ripple’s price gained 12.65%, trading at $0.823983. The market capitalization for XPR is currently at $32.23 billion.
- Bitcoin Cash’s price gained 8.08%, trading at $960.11. The market capitalization for BCH is currently at $16.40 billion.
- Litecoin’s price gained 2.48%, trading at $144.96. The market capitalization for LTC is currently at $8.14 billion.
- EOS’s price gained 5.92%, trading at $9.66. The market capitalization for EOS is currently at $7.77 billion.
- Cardano’s price slipped 0.24%, trading at $0.271248. The market capitalization for ADA is currently at $7.03 billion.
- Stellar’s price slipped 3.80%, trading at $0.360291. The market capitalization for XLM is currently at $6.69 billion.
- IOTA’s price gained 3.55%, trading at $1.75. The market capitalization for MIOTA is currently at $4.87 billion.
- NEO’s price slipped 1.78%, trading at $73.15 and it regained its spot in ninth place. The market capitalization for NEO is currently at $4.75 billion.