Market Update 4.23.18 – CheapAir Switching Bitcoin Payment Processor

| Publish date: 04/23/2018 (Last updated: April 23, 2018 11:35 AM)
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CheapAir Switching Bitcoin Payment Processor

CheapAir, a travel booking website, announced on that it would be changing its Bitcoin payment processor from Coinbase to Bitpay. CheapAir is the first ever travel business in the world that began accepting Bitcoin as a method of payment. That was way back in 2013.

According to the travel agency, the process that changes the Bitcoin they receive from customers as payment into fiat currencies is critical to their ability to accept crypto-payments. This is because most airlines and hotels will not accept cryptocurrencies as payment. And this is the service that Coinbase is going to change.

Read the full story here.

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Quebec’s Chief Scientist in the Spotlight for the Wrong Reasons

Last week, multiple news outlets published reports of Quebec’s Chief Scientist Remi Quirion, quoting him saying Bitcoin wasn’t above the law but neither was it a magnet for illegal transactions. The media reported him as having trivialized the issues surrounding the use of Bitcoin and other cryptocurrencies.

Quirion’s office refuted these allegations, stating that the Chief Scientist never made such comments. These reports are damaging for the Chief Scientist because his role as advisor to the Minister of Economy, Science and Innovation about the development of science and research in the province.

Read the rest of the story here.

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Crypto-Ban by Social Media Temporary

According to the co-founder of LinkedIn, Eric Ly, the current ban that social media platforms like Facebook, Twitter and Google are temporary. He said that there is a lot of scrutiny by the Securities and Exchange Commission (SEC) on the cryptocurrency world right now. So it makes sense that these platforms would prefer not to get in the crosshairs of such investigations.

However, Ly said, these measures are temporary. He said that the purpose of advertising is to support as many domains as possible. Therefore, when the regulatory dust settles, he believes that these bans will be lifted.

Find out more about the interview here.

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Total Market Cap: Apr 23

Cryptocurrency market trading volumes are still inching up nicely. In the last 24 hours, the volume of trade has increased to $22.22 billion. The value of the market as also gone up to $395.24 billion.

Bitcoin Price Analysis: Apr 23

Bitcoin’s price slipped 0.41% to $8866.05. The digital asset’s trading volume increased to $6.83 billion but the crypto’s market value dropped to $150.52 billion.

Ethereum Price Analysis: Apr 23

Ethereum increased 2.49% to trade at $633.90. The #2 cryptocurrency’s trading volume was up to $2.46 billion and its market value also rose to $62.71 billion.

State of the Top 10 Cryptocurrencies: Apr 23

Trading volume has gone up further since yesterday, however, many of the top ten cryptocurrencies have seen drops in token prices. These drops are, however, slight. The start performer has been Bitcoin Cash, which has soared by 17.69% to trade at $1377.79 in the last 24 hours.

  • Bitcoin’s price lost 0.41% to trade at $8866.05. The digital currency’s market cap is $151.51 billion.
  • Ethereum’s price gained 2.49%, to trade at $633.90. The digital currency’s market cap is $62.71 billion.
  • Ripple’s price lost 3.5%, to trade at $0.867093. The digital currency’s market cap is $33.92 billion.
  • Bitcoin Cash’s price soared by 17.69%, to trade at $1377.79. The digital currency’s market cap is $23.54 billion.
  • EOS’s price lost 1.87%, to trade at $11.52. The digital currency’s market cap is $9.34 billion.
  • Litecoin’s price lost 1.02%, to trade at $148.34. The digital currency’s market cap is $8.33 billion.
  • Cardano’s price lost 1.94%, to trade at $0.285798. The digital currency’s market cap is $7.4 billion.
  • Stellar’s price lost2.61%, to trade at $0.368295. The digital currency’s market cap is $6.83 billion.
  • IOTA’s price lost 0.48%, to trade at $2.05. The digital currency’s market cap is $5.69 billion.
  • NEO’s price lost 1.14%, to trade at $74.92. The market capitalization the crypto is currently $4.92 billion.
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