Market Update 3.08.19 – OKEx Lists Tron on C2C Market

| Publish date: 03/08/2019
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OKEx Lists Tron on C2C Market

The cryptocurrency exchange based out of Malta, OKEx announced in a press release that it was now listing Tron on its C2C (Customer-to-Customer) trading market. The exchange’s decentralized trading platform is similar to a P2P (Peer-to-Peer) model, where users can trade in cryptocurrencies directly with each other.

Using OKEx’s C2C platform, users can place orders, choose exchange rates as well as payment methods. Payments can be made in fiat currencies such as the British Pound, Vietnames Dong, Thai Baht, Chinese Renminbi and Russian Rubles, and cryptocurrencies.

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ETH Difficulty Bomb Diffuses on Time

Last week, both the scheduled updates for the Ethereum network, St. Petersburg and Constantinople, took place successfully. The upgrades were accepted into the network as hard forks, and, according to the Blockchain analytics firm Etherscan, ETH’s daily block count went up by more than 1,500 blocks in 24 hours.

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This increase in the block count is directly attributed to the implementation of the EIP (Ethereum Improvement Proposal) 1234 which was activated last week on Thursday. This EIP was designed to disable a specific code in ETH’s software called the Difficulty Bomb, which will stay disabled for 1 year.

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Massachusetts Secretary Forms Fintech Advisory Group

According to local news reports, the Secretary of the Office of the Commonwealth of Massachusetts, William Gavin’s office, which is charge of the securities regulator of the state, has formed a fintech advisory group. This group reportedly comprises of Blockchain company Arwen, Boston’s Eastern Bank, academics, legal experts and other companies related to the fintech industry.

The report states that this group will focus on developments within the fintech industry, which also includes digital assets. Secretary Gavin states that this collaboration will be able to help advise the securities regulators meet the demands of this fast-growing sector. The CEO or Arwen Sharon Goldberg stated the purpose of this advisory group was not just to correct offenders, but also to give clarity to those operating in the fintech industry.

Read the rest of the story here.

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Total Market Cap: Mar 08

The capitalization of the crypto market has risen for the third day in a row and is now at $134.33 billion. Trade volumes are now $30.78 billion.

Bitcoin Price Analysis: Mar 08

At $3942.86, Bitcoin’s price has gained 0.54% in the last 24 hours. It’s market cap is now $69.30 billion and trade volumes are at $9.59 billion.

Ethereum Price Analysis: Mar 08

Ethereum’s price in the last 24 hours has slipped by another 0.43% to $138.66. Capitalization for the altcoin is $14.57 billion and trade volumes are $4.20 billion.

State of the Top 10 Cryptocurrencies: Mar 08

The last one day has seen the overall cryptocurrency market’s capitalization go up, however, the top ten cryptocurrencies are trading both up as well as down. Stellar has seen the highest gains, with a 2.44% increase in its token price. Litecoin follows with a 1.91% gain. Binance Coin has seen the biggest losses in the last 24 hours, with its token price dropping by 2.27%. Tron follows with a 1.77% drop in its token price.

  • Bitcoin’s trading at $3942.86, gaining by 0.54%. Now, its market value is $69.30 billion.
  • Ethereum’s trading at $138.66, losing by 0.43%. Now, its market value is $14.57 billion.
  • Ripple’s trading at $0.316385, losing by 0.35%. Now, its market value is $13.10 billion.
  • Litecoin’s trading at $57.59, gaining by 1.91%. Now, its market value is $3.50 billion.
  • EOS’s trading at $3.80, losing by 0.07%. Now, its market value is $3.44 billion.
  • Bitcoin Cash’s trading at $131.17, losing by 1.78%. Now, its market value is $2.31 billion.
  • Binance Coin’s trading at $14.89, losing by 2.27%. Now, its market value is $2.10 billion.
  • Tether’s trading at $1.01, losing by 0.47%. Now, its market value is $2.00 billion.
  • Stellar’s trading at $0.087668, gaining by 2.44%. Now, its market value is $1.68 billion.
  • TRON’s trading at $0.023034, losing by 1.77%. Now, its market value is $1.53 billion.
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