Market Update 4.20.19 – SBI Holdings and FPT Corporation Invest $3 Million in Utop

| Publish date: 04/20/2019
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SBI Holdings and FPT Corporation Invest $3 Million in Utop

According to local news reports, the financial services firm SBI Holdings and the technology company FPT Corporation have together invested $3 million in Utop, a Viatnames Blockchain startup.

The two companies have signed an MoU (Memorandum of Understanding) to invest $3 million in Utop, which is a tech startup that is based on FTP’s akaChain, the tech company’s enterprise-level Blockhain platform. Utop has been designed to get as well as redeem loyalty points for merchants who are on the same network.

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Report: Malware Ransoms Went Up by Nearly 90% in Q1

According to a report by Coverware, a firm that assists victims of malware to pay ransoms, the average payout in cryptocurrency for ransomware attacks shot up massively in the first quarter of this year. Coverware stated that in the last quarter of 2018, the average payout on ransoms was $6733, in Q1 of this year, that figure went up by a whopping 89% to $12762.

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This massive hike in ransoms is due to the availability of more expensive versions of ransomware. Ransomware encrypts a user’s files and then the attacker demands payments in cryptocurrencies to unlock those files.

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Mithril First to Migrate to Binance Chain

Mithril (MITH), the decentralized social media platform announced in its blog on April 18 that it has now migrated Binance Chain, to the Mainnet of the major crypto exchange Binance.

Mithril, which is rewards content creators on its platform with its in-house cryptocurrency MITH, has reportedly become the first company to move its operations to Binance’s network. The platform’s token MITH will move from the current ERC-20 (on the Ethereum network) to Binance Chain’s BEP2 chain. Users on Methril’s platform get MITH tokens by mining the network, and manage their assets on the startup’s platform, which is called VAULT. Once the transition to Binance Chain is completed, Binance users will be able to transact with MITH using their BEP2 wallets.

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Total Market Cap: Apr 20

The crypto market is seeing trading volumes of $44.56 billion and currently has a capitalization of $180.51 billion.

Bitcoin Price Analysis: Apr 20

Up 0.90% in the last 24 hours, Bitcoin’s price is currently at $5322.75 a token. The world’s most valuable cryptocurrency’s worth in the market is now $93.97 billion and it is experiencing trading volumes of $13.83 billion.

Ethereum Price Analysis: Apr 20

Up marginally by 0.12%, the price of ETH is now $173.66. The world’s most valuable altcoin’s trading volumes are at $6.44 and its capitalization is now at $18.36 billion.

State of the Top 10 Cryptocurrencies: Apr 20

The cryptocurrency market continues to see mixed performances, with some of the cryptos in the top ten list up and others down. However, one token that is doing exceptionally well in this list today is Binance Coin, which has skyrocketed by 11.30%. All other tokens are either up or down less than 1%, except for Cardano, which has dropped by 2.57%.

  • Bitcoin’s trading at $5322.75, up .90%. At this time, the crypto’s capitalization in the market is $93.97 billion.
  • Ethereum’s trading at $173.66, up 0.12%. At this time, the crypto’s capitalization in the market is $18.36 billion.
  • Ripple’s trading at $0.329821, down 0.77%. At this time, the crypto’s capitalization in the market is $13.84 billion.
  • Bitcoin Cash’s trading at $302.84, up 1.10%. At this time, the crypto’s capitalization in the market is $5.37 billion.
  • Litecoin’s trading at $81.13, down 0.61%. At this time, the crypto’s capitalization in the market is $4.98 billion.
  • EOS’s trading at $5.47, down 0.10%. At this time, the crypto’s capitalization in the market is $4.95 billion.
  • Binance Coin’s trading at $24.84, shooting up 11.30%. At this time, the crypto’s capitalization in the market is $3.50 billion.
  • Tether’s trading at $1.00, down 0.04%. At this time, the crypto’s capitalization in the market is $2.57 billion.
  • Stellar’s trading at $0.116161, up 0.06%. At this time, the crypto’s capitalization in the market is $2.24 billion.
  • Cardano’s trading at $0.077593, down 2.57%. At this time, the crypto’s capitalization in the market is $2.01 billion.
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