Market Update 4.09.19 – MUFG Coin to be Put to Practical Using in 2019

| Publish date: 04/09/2019
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MUFG Coin to be Put to Practical Using in 2019

The world’s fifth largest bank, Mitsubishi UFJ Financial Group (MUFG), is planning to put its new digital currency, the MUFG Coin to practical use this year. This plan to rollout this new crypto was announced by the Japanese bank’s president Kanetsugu Mike during an interview with a local news agency.

MUFG is the biggest financial company in Japan and is now going to be the first bank in the country to issue its own digital currency. The MUFG Coin will be a stablecoin that will be pegged at a 1:1 ratio to the Japanese Yen. The asset has been designed in such a way that it would focus on currency functionality.

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Opera Launches Desktop Version of New Browser

Opera has launched the desktop version of its new Dapp-focused browser, which also has an in-built crypto wallet. The browser, which is dubbed Reborn 3, is available for Windows, Mac and Linux operating systems.

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The web browser’s software now allows users to interact with and explore the Blockchain-powered Dapps (decentralized applications) of Opera’s Web 3. The browser’s wallet allows users to send transactions without having to use extensions like Metamask. Reborn 3’s wallet syncs with the company’s Android browser for mobiles so that security in increased. Opera also stated that it was planning to add the cryptocurrency wallet feature to its iOS browser soon.

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QuadrigaCX Officially Declared Bankrupt

The major cryptocurrency exchange QaudrigaCX has now been officially declared bankrupt. The bankruptcy, according to local media, was approved on April 09 by the Nova Scotia Supreme Court’s Judge Michael Wood. The proceedings follow the recommendation made by the court Monitor Ernst & Young earlier this month that the crypto exchange be declared bankrupt.

The Monitor’s legal team stated that the current restructuring process that has been going on at Quadriga under the Companies’ Creditor Arrangement Act should be moved to an alternate process under the Bankruptcy and Insolvency Act. With this ruling, Ernst & Young will have greater investigation authority, as it will now be a Trustee under the bankruptcy act.

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Total Market Cap: Apr 09

The capitalization of the market has dropped to $179.89 billion in the last 24 hours. The market’s trading volumes stand at $55.36 billion at this moment.

Bitcoin Price Analysis: Apr 09

Down by 0.58%, BTC’s price is $5210.97 at the moment. The digital currency’s trading volumes stand at $15.84 billion and its capitalization is $91.89 billion.

Ethereum Price Analysis: Apr 09

Down 1.51%, Ethereum’s price is $177.38 for a token. Its trading volumes currently are at $8.13 billion and the valuation of the crypto is $18.72 billion.

State of the Top 10 Cryptocurrencies: Apr 09

The top listers in the cryptocurrency market are mostly trading down at the moment. The biggest losses are currently being incurred by Cardano, which has lost 3.88% on its token price, Bitcoin Cash, which has slipped 3.32%, and Stellar, whose price has fallen by 3.15%. Tether and EOS are the only two on the top ten list that are trading up right now, by 0.33% and 0.14% respectively.

  • Bitcoin’s trading at $5210.97, down 0.58%. Right now, BTC is worth $91.89 billion.
  • Ethereum’s trading at $177.38, down 1.51%. Right now, ETH is worth $18.72 billion.
  • Ripple’s trading at $0.351666, down 1.68%. Right now, XRP is worth $14.69 billion.
  • Litecoin’s trading at $86.88, down 3.12%. Right now, LTC is worth $5.32 billion.
  • Bitcoin Cash’s trading at $298.80, down 3.32%. Right now, BCH is worth $5.29 billion.
  • EOS’s trading at $5.45, up 0.14%. Right now, EOS is worth $4.94 billion.
  • Binance Coin’s trading at $18.19, down 2.10%. Right now, BNB is worth $2.56 billion.
  • Stellar’s trading at $0.126674, down 3.15%. Right now, XLM is worth $2.44 billion.
  • Cardano’s trading at $0.084071, down 3.88%. Right now, ADA is worth $2.17 billion.
  • Tether’s trading at $1.01, up 0.33%. Right now, USDT is worth $2.16 billion.
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