Market Update 12.21.18 – Media Alliance Using Blockchain for Copyright Protection
Market News
Media Alliance Using Blockchain for Copyright Protection
An alliance for media copyright protection has been established in Beijing, whose aim is to offer Blockchain powered copyright protection services. The alliance is called the China Financial Media Copyright Protection Alliance, and it already has over 30 financial media majors as members. These members include Economic Information Daily, Finance News, Beijing Business Daily, China Business News, Daily Economic News, etc.
The focus of the alliance will be to offer authorization systems, to improve mechanisms for the authorization of transactions, to strengthen copyright self-discipline within the industry and to develop industry level copyright cooperation.
Read the details of the story here.
Token Taxonomy Act Filed by US Lawmakers
Representatives Warren Davidson and Darren Soto from the US House of Representatives introduced the Token Taxonomy Act on Thursday, a bill that seeks to exempt cryptocurrencies as well as a few other digital assets from securities laws of the country.
The filing of this bill comes months after a roundtable was held in Washington DC, where inputs were sought about regulatory measures for the crypto industry. The proposed bill is also looking at having the Securities Act of 1933 as well as the Securities Exchange Act of 1934 amended.
Read more about this story here.
Layer1 Concluded $2.1 Million Seed Funding Round
Layer1, the San Francisco based cryptocurrency investment platform, concluded its seed funding round for a total of $2.1 million. Industry majors such as the co-founder of PayPal Peter Thiel, cryptocurrency focused venture capital firm Digital Currency Group and US investors and founder of Protégé Partners Jeffrey as well as others have invested in the company.
These funds that the company has raised will reportedly be allocated for the further development of store-of-value applications as well as programmable money. Co-founder Alexander Liegl stated that cryptos provided an opportunity for companies to add value that was different from traditional assets.
Find out more here.
Total Market Cap: Dec 21
The crypto market’s capitalization has jumped by $12.01 billion to its current value of $134.43 billion. Trading volumes have shot up to $28.19 billion.
Bitcoin Price Analysis: Dec 21
Bitcoin has once again crossed the $4k mark and is trading at a price of $4097.08, an 8.09% jump since yesterday. Its capitalization is now at $71.42 billion and trading volumes are high at $9.19 billion.
Ethereum Price Analysis: Dec 21
Ether’s price is now $116.30, a 13.19% jump in the last 24 hours. The cryptocurrency’s market worth is now $12.08 billion with trading volumes of $3.16 billion.
State of the Top 10 Cryptocurrencies: Dec 21
The crypto market seems to be well on its way to recovery. Tether is the only crypto trading marginally down by 0.13% in the top ten list. Of the rest of the gainers, Bitcoin Cash has shown stratospheric gains in the last 24 hours, rising by a massive 55.22%. Bitcoin SV is the second highest gainer, shooting up by 38.25%. TRON follows far behind with the third biggest gains in trading so far today with a 13.86% jump in its token price.
- Bitcoin’s price is $4097.08, gaining 8.09%. Market worth for the crypto is now $71.42 billion.
- Ripple’s price is $0.376848, gaining 5.38%. Market worth for the crypto is now $15.36 billion.
- Ethereum’s price is $116.30, gaining 13.19%. Market worth for the crypto is now $12.08 billion.
- Bitcoin Cash’s price is $213.87, skyrocketing 55.22%. Market worth for the crypto is now $3.74 billion.
- EOS’s price is $2.71, gaining 6.99%. Market worth for the crypto is now $2.45 billion.
- Stellar’s price is $0.128311, gaining 10.66%. Market worth for the crypto is now $2.45 billion.
- Bitcoin SV’s price is $124.81, gaining 38.25%. Market worth for the crypto is now $2.18 billion.
- Litecoin’s price is $32.23, gaining 8.13%. Market worth for the crypto is now $1.92 billion.
- Tether’s price is $1.02, losing 0.13%. Market worth for the crypto is now $1.88 billion.
- TRON’s price is $0.018299, gaining 13.86%. Market worth for the crypto is now $1.21 billion.