Market Update 4.26.18 – Gemini Partners with NASDAQ
Industry First: Gemini Partners with NASDAQ to Monitor Markets
In an industry first, Gemini, the cryptocurrency exchange run by the Winklevoss twins, Cameron and Tyler, announced that it had joined hands with NASDAQ to monitor markets on April 25. This move will now also see Gemini begin to use NASDAQ’s SMARTS technology, which is used to watch the market.
With this new tech, Gemini will be able to monitor any unusual trading activity or behavior, which in turn will help the exchange control market manipulation. The SMARTS technology is currently already in use by 45 marketplaces, over 140 market participants as well as 17 regulators.
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OKEX Suspends All ERC20 Token Deposits after Discovering a New Bug
The third biggest cryptocurrency exchange by trading volume, Hong Kong based OKEX suspended all deposits of the ERC20 token from April 25 after developers discovered a new smart contract bug called BatchOverFlow.
According to the exchange’s blog post, this bug was letting malicious parties generate massive amounts of tokens and then deposit them into normal addresses. The blog post went on to warn users that this made the ERC20 token completely vulnerable to price manipulations.
To read the rest of the story, click here.
CoinList Launches Airdrops
The whole concept of airdrops – giving away tokens instead of launching an ICO – has come under the scrutiny of the Securities and Exchange Commission. However, now, CoinList, an ICO that was spun off from famous startup incubator AngelList, has launched a new product that will streamline the entire process of airdrops so that it becomes complaint with the law.
This product has been very aptly called Airdrops. What is does is run through compliance checks as well as attestations so that new token issuers can give users of CoinList free tokens.
To find out more, click here.
Total Market Cap: Apr 26
The trading volume went down to $32.44 billion in the last 24 hours. Market capitalization also dropped to below the $400 billion mark to $391.41 billion.
Bitcoin Price Analysis: Apr 26
Bitcoin’s price fell by 5.45% to $8874.70. BTC’s volume of trade also dropped in the last 24 hours to $9.78 billion and its market cap fell down to $149.34 billion.
Ethereum Price Analysis: Apr 26
Ethereum’s price also slipped down by 3.82% to trade at a token price of $631.84. The altcoin’s volume of trade in the last one day dropped down to $3.68 billion, however, its market capitalization also fell down to $62.09 billion.
State of the Top 10 Cryptocurrencies: Apr 26
The market’s bull-run seems to have been cut short, with most of the top ten cryptocurrencies’ prices going down for the second day in a row. Bitcoin has continued to gain till yesterday, but could not hold out against market pressure any longer and fell 5.45% in the last 24 hours.
- Bitcoin fell down to $8874.70, a 5.45% drop. The asset’s market cap has now dropped to $149.34 billion.
- Ethereum fell down to $631.84, a 3.82% drop. The asset’s market cap has now dropped to $62.09 billion.
- Ripple fell down to $0.798738, a 7.83% drop. The asset’s market cap has now dropped to $31.26 billion.
- Bitcoin Cash fell down to $1320.82, a 0.40% drop. The asset’s market cap has now dropped to $22.57 billion.
- EOS climbed up to $14.83, a 3.05% gain. The asset’s market cap has now gone up to $12.13 billion.
- Litecoin fell down to $144.49, a 7.3% drop. The asset’s market cap has now dropped to $8.12 billion.
- Cardano fell down to $0.274781, a 4.27% drop. The asset’s market cap has now dropped to $7.12 billion.
- Stellar climbed up down to $0.375134, a 1.59% gain. The asset’s market cap has now gone up to $6.96 billion.
- IOTA fell down to $1.80, 9.99% drop. The asset’s market cap has now dropped to $4.99 billion.
- NEO fell down to $71.42, a 6.90% drop. The asset’s market cap has now dropped to $4.64 billion.