Market Update 6.18.18 – New Online Newspaper to Use Blockchain Tech

| Publish date: 06/18/2018
Share

Market News

New Online Newspaper to Use Blockchain Tech

Ex-reporters and editors from The Denver Post are teaming up with Blockchain based startup Civil Media Company to launch a new Blockchain based local online newspaper called The Colorado Sun.

According to the news reports, this new online newspaper will used Blockchain technology to store data through the Civil Media Company. Civil will also provide the initial funding for The Colorado Sun. The newspaper, once operational, will be a “community supported” team that will be owned by journalists and will focus on investigative, narrative and explanatory journalism. The newspaper also stated that it will be completely advertisement free.

Find out more about the story here.

Embed from Getty Images

Metropolitan Bank Looking for More Crypto Clients

Unlike other banks, which look at cryptocurrency ventures as untouchables that they would rather not do business with, New York based Metropolitan Commercial Bank is looking for more cryptocurrency clients. According to the bank’s Chief Technology Officer, Nick Rosenberg, the bank is very interested in growing its cryptocurrency client vertical. He stated that they learned that the Crypto Industry was serious and that there were some really innovating ideas that could change the way people did business.

Metropolitan Commercial Bank is one of the few banks in the world that actively courts cryptocurrency and Blockchain based businesses, and its client list includes companies such as crypto exchanges, hedge funds as well as other cryptocurrency investors.

Find out more here.

Russian Banks Piloting Crypto Portfolios

According to local newspapers in Russia, two of the country’s biggest banks – Sberbank and Alfa Bank – are launching cryptocurrency portfolio pilots for their private clients. This exercise is being carried out under the aegis of the Bank of Russia.

Sberbank is owned and run by the Russian government and is responsible for processing all government employees’ paychecks. Alfa Bank is the largest private bank in the country. The two banks will start cryptocurrency trading, using the AddCapital investment fund, Group IB and the National Settlement Depository.

In this pilot, clients of the two banks will be offered shares in a special fund that will trade six of the most popular cryptocurrencies on the world’s major exchanges such as Kraken and Bitstamp.

Read more details here.

Embed from Getty Images

Total Market Cap: June 18

The volume of trade in the cryptocurrency market has dropped to a new low of $10.10 billion, and its market cap has also fallen to $276.22 billion.

Bitcoin Price Analysis: June 18

In the last 24 hours, Bitcoin slid 1.13% to $6488.37. Trading volume in BTC dropped to $3.27 billion and the value of the crypto fell to $110.70 billion.

Ethereum Price Analysis: June 18

Ethereum slid 1.33% to its current price of $497.21. Trading volume in the last 24 hours has dropped to $1.27 billion and Ether’s market cap also slipped to $49.75 billion.

State of the Top 10 Cryptocurrencies: June 18

The cryptocurrency market continues to struggle, with all the top ten cryptocurrencies losing more value over the weekend. While yesterday saw a mixed bag in terms of price movement, today’s performance has all been downward. EOS lost the most, dropping by 3.56%, followed by Cardano, which lost 3.08% in the last 24 hours.

  • Bitcoin lost 1.13% to $6488.37. The cryptocurrency’s market cap is $110.70 billion.
  • Ethereum lost 1.33% to $497.75. The cryptocurrency’s market cap is $49.75 billion.
  • Ripple lost 2.16% to $0.523864. The cryptocurrency’s market cap is $20.51 billion.
  • Bitcoin Cash lost 1.95% to $840.88. The cryptocurrency’s market cap is $14.42 billion.
  • EOS lost 3.56% to $10.28. The cryptocurrency’s market cap is $9.20 billion.
  • Litecoin lost 2.84% to $95.02. The cryptocurrency’s market cap is $5.4 billion.
  • Stellar lost 2.07% to $0.228980. The cryptocurrency’s market cap is $4.24 billion.
  • Cardano lost 3.08% to $0.157881. The cryptocurrency’s market cap is $4.08 billion.
  • IOTA lost 2.52% to $1.16. The cryptocurrency’s market cap is $3.22 billion.
  • TRON lost 2.63% to $0.041997. The cryptocurrency’s market cap is $2.76 billion.
Share

Related Posts

Market Update 12.08.18 – Blockchain Policy Development...
Market News Blockchain Policy Development Focused on 3 Cities…
Market Update 7.15.18 – Tezos To Grant...
Market News Tezos To Grant Money To Crypto Developers…
Market Update 11.27.18 – BIBF Launching First...
Market News BIBF Launching First Blockchain Academy in Bahrain…

Leave a Comment