Market Update 3.06.19 – Traders Can Now Conduct Audits of TrueUSD Tokens
Market News
Traders Can Now Conduct Audits of TrueUSD Tokens
TrueUSD (TUSD) has entered into a new partnership with the accounting firm Armanino. Thanks to this partnership, traders will be able to carry out instant audits of TUSD’s backing.
Armanino has developed a dashboard that will allow traders to track TUSD’s collateralized funds as well as balances. The blog post that issued this announcement states that the dashboard is able to connect directly to 3rd party escrow accounts that hold TUSD’s collateralized US dollars. Then it runs its own ETH nodes to make sure that the token supply is accurate.
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QuadrigaCX Given 45-Day Extension to Find Missing Funds
Nova Scotia Supreme Court’s Judge Michael Wood has given Canadian cryptocurrency exchange QuadrigaCX an extension of a little under 45 days to look for the funds that have gone missing. The next hearing for this case is scheduled to take place on April 18. Until the stay order is either lifted or expires, the exchange’s customers cannot sue QuadrigaCX.
Ernst & Young, which is the court-appointed monitor, was represented at court on Tuesday by Elizabeth Pillon from Stikeman Elliott, and she stated that at this point the companies were in the data and asset recovery phase and needed more time to continue the process. Judge Wood also okayed a Chief Restructuring Officer being appointed to QuadrigaCX.
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Malta Digital Exchange Relocated to Stock Exchange Premises
The Malta Digital Exchange (MDX) is relocating to the premises to the Malta Stock Exchange in preparation of the launch of its new crypto exchange division. According to reports, MDX is in the process of getting a securities license in order to promote a multilateral platform for trading which will introduce a secondary crypto trading market.
This announcement about the relocation comes after the IMF (International Monetary Fund) stated that the MFSA (Malta Financial Services Authority) has serious gaps in supervising issues related to AML (Anti-Money Laundering) and CFT (combating the financing of terrorism).
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Total Market Cap: Mar 06
The valuation of the crypto market $132.56 billion and trading volumes are at $34.89 billion.
Bitcoin Price Analysis: Mar 06
BTC’s price has gone up by 3.13% in the last one day to trade at $3899.83. Capitalization of the token is now $68.53 billion. Trading volumes stand currently at $10.20 billion.
Ethereum Price Analysis: Mar 06
Ethereum’s price has jumped 7.24% and is now trading at $138.87 per token. The cryptocurrency’s cap is at $14.59 billion. Trading volumes are now standing at $5.10 billion.
State of the Top 10 Cryptocurrencies: Mar 06
In the last 24 hours, the cryptocurrency market has seen a jump in prices of most of the tokens. The cryptocurrency market’s ten most valuable tokens are all trading up, with Litecoin leading the way with a 14.78% increase in its price. EOS is experiencing the next highest gains, with a 12% increase in its token price. Ethereum is in third place with a 7.24% hike in its price.
- Bitcoin’s price is now $3899.83, rising by 3.13%. $68.53 billion is now the capitalization of the token.
- Ethereum’s price is now $138.87, rising by 7.24%. $14.59 billion is now the capitalization of the token.
- Ripple’s price is now $0.314260, rising by 2.25%. $13.02 billion is now the capitalization of the token.
- EOS’s price is now $3.77, rising by 12%. $3.41 billion is now the capitalization of the token.
- Litecoin’s price is now $54.06, rising by 14.78%. $3.28 billion is now the capitalization of the token.
- Bitcoin Cash’s price is now $133.25, rising by 4.52%. $2.35 billion is now the capitalization of the token.
- Tether’s price is now $1.01, rising by 0.13%. $2.04 billion is now the capitalization of the token.
- Binance Coin’s price is now $13.40, rising by 3.10%. $1.89 billion is now the capitalization of the token.
- Stellar’s price is now $0.085199, rising by 1.43%. $1.63 billion is now the capitalization of the token.
- TRON’s price is now $0.023738, rising by 4.04%. $1.58 billion is now the capitalization of the token.