Market Update 2.04.19 – SWIFT Launching GPI Link
Market News
SWIFT Launching GPI Link
The global payments major SWIFT has announced that it is planning to launch GPI Link, a gateway with a Proof of Concept (PoC) that will let the Blockchain-based software company R3’s platform to connect to the provider’s Global Payments Innovation network.
This is another step that SWIFT has taken towards adopting Blockchain, despite its own reservations about the maturity of the new technology. The payment services company’s Chief Executive Officer Gottfried Leibbrandt stated that SWIFT’s new GPI platform was very open and interoperable. He also said that the company had always had connections to other networks.
Read more about this story here.
Report: Token Issuers Need to Stop Paying for Market Making
Co-founder of multiple crypto based businesses including Red Leaf Advisors and Athena Bitcoin Eric Gravengaard, in order to create an orderly market place, token issues need to stop paying for market making.
In his article, Gravengaard discussed the function as well as the role of a market maker, the laws that oversee market makers in major exchanges in the United States as well as how these factors should guide the development of rules for cryptocurrency assets, including STOs (Security Token Offerings) and ICOs (Initial Coin Offerings).
Read the details of this article here.
Dorsey Still Believes Bitcoin Can be Internet’s Currency
The Chief Executive Officer and co-founder of Twitter and CEO and founder of mobile payments company Square, Jack Dorsey once again affirmed his belied that Bitcoin could be the native currency of the internet. During an interview with podcast host and American comedian Joe Rogan, Dorsey stated that Bitcoin was born and developed on the internet. It was also tested on the internet and was of the internet. In May of 2018, the Twitter CEO had made a similar comment about the future of Bitcoin.
During the course of the interview, Dorsey also said that Blockchain technology was both loved and hated by financial institutions. The new technology could create efficiencies in the system and could possible also create new business lines, which is why it was loved. However, it also posed a threat to services offered by financial institutions.
Read more here.
Total Market Cap: Feb 04
The global market capitalization of the cryptocurrency market is now $113.75 billion and trade volumes at this time are at $15.31 billion.
Bitcoin Price Analysis: Feb 04
The token price of BTC has dropped by 0.68% to trade at $3469.60. The value of the cryptocurrency in the market is now $60.78 billion and trade volumes are at $4.99 billion.
Ethereum Price Analysis: Feb 04
Ethereum is now priced at $107.58, a 1.93% drop since yesterday. The virtual currency’s market valuation is currently at $11.26 billion and trade volumes are $2.45 billion.
State of the Top 10 Cryptocurrencies: Feb 04
The entire top ten list of cryptocurrencies is in the red in trading at this time. The biggest losses are being experienced by Tron, with a 2.56% drop, Ripple, with a 1.98% drop and Bitcoin SV, with a 1.97% drop in their token prices.
- Bitcoin’s price is $3469.60, going down 0.68%. At this time, the value of the crypto is $60.78 billion.
- Ripple’s price is $0.301958, going down 1.98%. At this time, the value of the crypto is $12.42 billion.
- Ethereum’s price is $107.58, going down 1.93%. At this time, the value of the crypto is $11.26 billion.
- EOS’s price is $2.39, going down 0.70%. At this time, the value of the crypto is $2.16 billion.
- Bitcoin Cash’s price is $119.34, going down 1.67%. At this time, the value of the crypto is $2.10 billion.
- Litecoin’s price is $33.67, going down 1.83%. At this time, the value of the crypto is $2.03 billion.
- Tether’s price is $1.00, going down 0.11%. At this time, the value of the crypto is $2.02 billion.
- TRON’s price is $0.025226, going down 2.56%. At this time, the value of the crypto is $1.68 billion.
- Stellar’s price is $0.081437, going down 1.26%. At this time, the value of the crypto is $1.56 billion.
- Bitcoin SV’s price is $63.56, going down 1.97%. At this time, the value of the crypto is $1.11 billion.