Market Update 5.04.19 – MIT’s Christian Catalini To Work On FB Crypto

| Publish date: 05/04/2019
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MIT’s Christian Catalini To Work On FB Crypto

Christian Catalini is known to be a big name in the industry. As of press time, he is said to be on leave from MIT. Interestingly, according to people who are familiar with the narrative, he is said to be working at Facebook.

Known for being a prominent digital currency economist, Catalini is reportedly helping the tech giant in its plan to bring a crypto of its own. The social media giant has started developing a stablecoin that will be capable of giving the company’s billions of users the ability to send money to each other. More importantly, it will allow them to process online purchases.

Read the full report here.

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Ethereum Foundation Releases Community Site Again

The Ethereum Foundation has made another move in the crypto space. That is because it has decided to release a brand new iteration of its very own community website called ethereum.org. This is according to an official tweet the organization posted on the social media site.

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As per the official blog post of the Ethereum Foundation, the aforementioned community site is specifically designed to become a repository of community-created ETH content. This includes, but not limited to, documentation and tutorials – all of which are developed and designed by the foundation’s very own community members. The entity added that, as of right now, they are totally dedicated in getting all things done. They have started on-boarding new users and, more importantly developers. Even more so, they have educated each other towards a more stable and improved community.

Read the full report here.

Phase Zero Code For ETH PoS Completion Date

A code designed for the Ethereum (ETH) blockchain’s very own first-stage transformation to a proof-of-stake (PoS) consensus algorithm is expected to reach completion come June 30. According to Justin Drake, an ETH research, the developers team expects to bring forth code specifications meant for the so-called phase zero, something that is said to arrive by the end of the said month.

Drake added that everything they have started is pretty much “on track.” Nonetheless, simplifications are still expected to come through. As for fining all final bugs, their process of fine combing seems to get the job done.

Read the full report here.

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Total Market Cap: May 4

The trade volume reached $58.39 billion in the past 24 hours. As for the market capitalization, it reached $185.23 billion.

Bitcoin Price Analysis: May 4

The world’s leading crypto, BTC, remains to be a leader. This is most especially after jumping 1.54% and reaching a trade price of $5,814.39. The digital currency’s trade volume and market capitalization had reached $18.46 billion and $102.81 billion, respectively.

Ethereum Price Analysis: May 4

Ethereum follows Bitcoin in the ranks, as it jumped 1.54%, allowing its trade price to acquire $165.83. When talking about ETH’s trade volume, it went to $7.00 billion, while its market cap reached $17.57 billion.

State of the Top 10 Cryptocurrencies: May 4

Half of the cryptos in the ranking skyrocketed, while the other half went the other way. As for the 10th space, Cardano took it from TRON.

  • Bitcoin’s price in the market soared 1.54% to $5,814.62, with a market value of $81 billion.
  • Ethereum’s market price jumped 0.22% to $165.83, and the market value is $17.57 billion.
  • XRP’s market price jumped 0.25% to $307347. The crypto’s market value is set at $12.94 billion.
  • Bitcoin Cash jumped in terms of market price at 3.53% to $290.47 in price, and as far as its market value is concerned, it is $5.16 billion.
  • Litecoin’s market price jumped 2.63% to $78.34, and market value topped $4.83 billion.
  • EOS’s market price jumped at 0.58% to $4.96, and the confirmed value in the market is $4.69 billion.
  • Binance Coin’s price in the market fell 1.06% to $23.22, and its value in the market is $3.28 billion.
  • Tether fell 0.05% to $1.00 in terms of market price, and market value is said to at $2.79 billion.
  • Stellar’s market price fell 0.09% to $101608, and its value in the market is $1.94 billion.
  • Cardano removed TRON from the 10th spot even after failing 1.21%, resulting to a trade price of $0.069514 and a market value of $1.80 billion.
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