Market Update 6.16.18 – Quantstamp Defending QSP
Market News
Quantstamp Defending QSP
A week ago the Quantstamp community accused the startup that audits smart contracts that it was undermining the value of its own $65 million dollar QSP token by accepting US dollars and Ether as payment for its audits.
Now, however, Quantstamp responded to its community in an emailed statement. The startup explained that customers were meant to use QSP to pay for, accept or improve verification services within the company’s Blockchain network. The challenge is that the concerns that the community members have stems from a lack of clarity with regard to the difference between the two of the projects the company was running.
Find out more here.
Motherboard Asks CIA for Identity of Satoshi Nakamoto
Daniel Oberhaus from Motherboard, who covers subjects on cryptocurrency, space, physics as well as the future of energy, gave a FOIA (Freedom of Information Act) request to the FBI and the CIA. In that request, Oberhaus asked to know the identity of Satoshi Nakamoto, the founder(s) of Bitcoin and the cryptocurrency industry as we know it today.
While Oberhaus did not receive a reply from the FBI yet, he got a Glomar response from the CIA. A Glomar response to a request for information is one where the party neither confirms nor denies the information requested. The writer suggested that even if the FBI or the CIA know anything about Satoshi Nakamoto, they are not talking.
Find out more here.
BitGrail’s BTC Seized by Authorities
BitGrail, a cryptocurrency exchange in Italy announced that Bitcoin stored in the company’s wallet has been seized by the authorities. According to the statement, the authorities in Italy took the funds from the exchange’s wallet after an order was passed on June 5 by the Tribunal of Florence. However, no mention was made of the worth of the seized assets.
The exchange’s funds were seized after customers of BitGrail filed a petition to the court alleging that the company was bankrupt as per Article 6 of the Italian Bankruptcy code. These customers were victims of a hack attack on BitGrail in February, when 17 million XRB (Nano) worth about $187 million were stolen.
Read the rest of the story here.
Total Market Cap: June 16
The volume of trade in the cryptocurrency market continues to be low at $12.37 billion. The value of the cryptocurrency market also slipped in the last 24 hours to $0280.03 billion.
Bitcoin Price Analysis: June 16
Bitcoin slipped 1.47% to $6515.33 in the last one day. The volume of trade in BTC slipped to $3.74 billion and its value in the market also fell to $111.36 billion.
Ethereum Price Analysis: June 16
Ethereum lost 1.60% to trade at $499.93. Trading volume since yesterday has gone down to $1.7 billion and market cap also dropped to $50.04 billion.
State of the Top 10 Cryptocurrencies: June 16
All the top ten cryptocurrencies fell in token price as well as market value in the last 24 hours of trading. The biggest losers were IOTA, which dropped by 4.76% and TRON, which fell by 4.36%. Bitcoin and Ether both saw less than 2% drops in their prices.
- Bitcoin fell 1.47% to $6515.33. The crypto’s market value is $111.36 billion.
- Ethereum fell 1.60% to $499.93. The crypto’s market value is $50.03 billion.
- Ripple fell 2.82% to $0.536199. The crypto’s market value is $21.04 billion.
- Bitcoin Cash fell 2.02% to $855.57. The crypto’s market value is $14.70 billion.
- EOS fell 2.45% to $10.73. The crypto’s market value is $9.61 billion.
- Litecoin fell 3.33% to $96.06. The crypto’s market value is $5.47 billion.
- Stellar fell 1.60% to $0.233491. The crypto’s market value is $4.34 billion.
- Cardano fell 2.20% to $0.163967. The crypto’s market value is $4.25 billion.
- IOTA fell 4.76% to $1.20. The crypto’s market value is $3.34 billion.
- TRON fell 4.36% to $0.043284. The crypto’s market value is $2.84 billion.