Market Update 10.01.18 – StellarX Fully Launched
Market News
StellarX Fully Launched
The Stellar Blockchain based, zero-fee, decentralized exchange StellarX, which had been in its beta phase, has now been fully launched. Interstellar, the company behind the crypto exchange platform, made this announcement via a blog post on Friday, September 28.
StellarX is based on Stellar’s universal marketplace, and gives users the ability to deposit US dollars directly from their US bank accounts. Additionally, the exchange gives options for multiple digital token and fiat currency pairs. Currently, the exchange offers pairings with fiat currencies such as the Chinese Yuan, the US Dollar, the Hong Kong Dollar, the British Pound, etc.
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JVCEA Tightening Customer Asset Management Rules
The JVCEA (Japan Virtual Currency Exchange Association), the self-regulatory group of cryptocurrency exchange operators, is planning to tighten its customer asset management rules. The JVCEA, which counts among its members some of the biggest crypto exchanges in Japan, was established in April this year in order to bring some order in the crypto exchange sector over and above what the government regulators were doing.
Now, the JVCEA is planning to set a limit on the amount of crypto that can be managed by an exchange. According to local sources, that limit is expected to be set at about 10% to 20% of exchange customer deposits.
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RBI Denies Creation of Blockchain Research Unit
The central bank of India, the RBI (Reserve Bank of India), has denied the formal creation of an Artificial Intelligence and Blockchain technology research unit. This announcement has come weeks after the Indian central bank had been rumored to have set up a unit to research and maybe draft rules for the two new technologies.
The Economic Times had published an article citing two anonymous sources that knew about this project. However, the founder of Coin Crunch India, Naimish Sanghvi, filed a Right to Information (RTI) request, asking the RBI to confirm or deny this claim.
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Total Market Cap: Oct 01
The cryptocurrency market’s overall trading volume has fallen another $0.6 billion to $15.26 billion. The market’s capitalization is up $6.51 billion to $223.2 billion.
Bitcoin Price Analysis: Oct 01
Bitcoin’s price is now $6617.34, gaining 0.58% since yesterday. Bitcoin’s capitalization is $114.51 billion and trading volume is $4.06 billion.
Ethereum Price Analysis: Oct 01
Ethereum’s currently at $231.05, going up by 0.11% since yesterday. The virtual currency’s market value is now $23.65 billion and trading volumes for ETH are currently at $1.76 billion.
State of the Top 10 Cryptocurrencies: Oct 01
The cryptocurrency market has shown slight gains since yesterday’s declines, with the most of the top ten digital assets going up in price in trading so far today. The exception to that is Tether, which is currently down by 0.13%. The rest of the cryptocurrencies are showing slight gains, the highest of which is shown by Bitcoin, which is up by 0.58%. Monero and Cardano have gained 0.27% and Bitcoin Cash has gained 0.26%.
- Bitcoin’s price is $6617.34, gaining 0.58%. The capitalization of the crypto is $114.51 billion.
- Ethereum’s price is $231.05%, gaining 0.11%. The capitalization of the crypto is $23.65 billion.
- Ripple’s price is $0.579613, gaining 0.14%. The capitalization of the crypto is $23.10 billion.
- Bitcoin Cash’s price is $534.69, gaining 0.26%. The capitalization of the crypto is $9.29 billion.
- EOS’s price is $5.71, gaining 0.15%. The capitalization of the crypto is $5.17 billion.
- Stellar’s price is $0.260282, gaining 2.16%. The capitalization of the crypto is $4.89 billion.
- Litecoin’s price is $61.04, gaining 0.38%. The capitalization of the crypto is $3.57 billion.
- Tether’s price is $0.999138, losing 0.13%. The capitalization of the crypto is $2.80 billion.
- Cardano’s price is $0.084985, gaining 0.27%. The capitalization of the crypto is $2.20 billion.
- Monero’s price is $115.10, gaining 0.27%. The capitalization of the crypto is $1.89 billion.