Market Update 9.03.18 – Microsoft Connecting Products to Blockchain
Market News
Microsoft Connecting Products to Blockchain
Microsoft is slowly but surely connecting its products to Blockchain technology. The process started three years ago, when the tech giant become the first to bring this new technology to the cloud via its Microsoft Azure cloud computing division.
Since then the software behemoth has been slowly and quietly building links between its Blockchain based services and its other, much more widely used platforms and infrastructure. This includes its platforms such as Office 365 Outlook, Salesforce, SAP, Dynamics 365 CRM Online, SharePoint Online and even Twitter.
Find out more about this story here.
Venezuela Now One of the Biggest Crypto Markets
Venezuela has now become one of the biggest cryptocurrency markets in the world today. In an analysis, it was found that the country’s political and economic instability is the main reason that has led to this.
According to the analysis, the country has been in a state of hyperinflation since 2014. “Hyperinflation” is described as a state describe by the International Accounting Standards Board in which the population of a country prefers to keep its wealth in either more stable foreign currencies, or in non-monetary assets such as gold.
The challenge is that since Venezuela has been restricted in obtaining US Dollars since 2003, the only other option left for citizens of the country is to use cryptocurrencies as a store of value.
Read more of this analysis here.
Nano Biggest Monthly Performer in Crypto Market
The cryptocurrency market has shown extreme volatility in the month of August, with only a handful of cryptos ending the month in the green. The biggest cryptos in the industry all ended the month in the red. One crypto, however, beat the odds and came out on top, despite seeing its all-time low of $0.74 on August 14. The crypto saw its biggest gains in the second half of the month, rising 73.85% and outperforming the top cryptocurrencies.
Read more about this here.
Total Market Cap: Sep 03
Trading volumes in the cryptocurrency market today are currently at $12.47 billion, while the value of the total market is at $236.04 billion.
Bitcoin Price Analysis: Sep 03
Bitcoin’s is now at $7259.30, a minute 0.09% hike in its token price. The market value of the world’s number one crypto is now $125.46 billion with a volume of trade of $4.15 billion.
Ethereum Price Analysis: Sep 03
Ethereum’s price is now $290.42, a 2.56% drop in the last 24 hours. ETH’s market value is currently at $29.53 billion on trading volumes of $1.28 billion.
State of the Top 10 Cryptocurrencies: Sep 03
The cryptocurrency market is mostly in the red today, with the exception of Bitcoin and Tether, both of which are displaying minute gains. Bitcoin is currently up by 0.09% and Tether has gained 0.12%. The rest of the cryptos are all showing losses, with the highest being Stellar’s, which has lost 3.90% in trading. The other two cryptos with the highest losses so far today are Bitcoin Cash, which is down 2.65% and Ethereum, which has lost 2.56% so far today.
- Bitcoin’s price is now $7279.30, gaining 0.09%. The asset’s market value is now $125.46 billion.
- Ethereum’s price is now $290.42%, losing 2.56%. The asset’s market value is now $29.53 billion.
- Ripple’s price is now $0.336827, losing 3.01%. The asset’s market value is now $13.35 billion.
- Bitcoin Cash’s price is now $629.70, losing 2.65%. The asset’s market value is now $10.91 billion.
- EOS’s price is now $6.49, losing 1.21%. The asset’s market value is now $5.88 billion.
- Stellar’s price is now $0.220705, losing 3.90%. The asset’s market value is now $4.14 billion.
- Litecoin’s price is now $64.99, losing 1.95%. The asset’s market value is now $3.77 billion.
- Tether’s price is now $1, gaining 0.12%. The asset’s market value is now $2.84 billion.
- Cardano’s price is now $0.103536, losing 2.39%. The asset’s market value is now $2.68 billion.
- Monero’s price is now $121.79, losing 2.39%. The asset’s market value is now $1.99 billion.