Market Update 8.04.18 – Turkey’s First University Blockchain Center Opened
Turkey’s First University Blockchain Center Opened
Turkey instituted the country’s very first university level Blockchain center, with the aim to close the gap in expertise in the technology as well as facilitate greater deployment of the technology. The new center is called the Istanbul Blockchain and Innovation Center (BlockchainIST Center) and was launched at the Bahcesehir University (BAU).
The new center’s director, Bora Erdamar, stated that BlockchainIST was going to be Turkey’s most important institution for Blockchain based research and development as well as innovation. He emphasized the need to cooperate with other education institutes, government bodies as well as businesses to ensure that the proper research into the technology could be conducted.
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First Crypto Firm’s IPO on LSE Raises $32.5 Million
The UK based crypto mining firm, Argo Mining raised £25 million (~$32.5 million) in its IPO debut on the London Stock Exchange (LSE). The mining company is using the ticker ARB and is the first ever cryptocurrency company to be listed on the exchange. Argo had set a target of raising £20 million (~$26 million) through this IPO, however it beat its own target by £5 million (~$6.5 million).
Argo Mining provides crypto mining services that are “accessible” through a subscription based service. According to a company document, Argo started its IPO with 156 million shares, which is 53.2% of its total issued share capital.
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NYSE Trader Says Bitcoin “Iffy”
In an interview with Yahoo Finance, a New York Stock Exchange (NYSE) trader, Alan Valdes stated that at this moment Bitcoin was very “iffy”, especially after Bakkt, the new regulated Bitcoin exchange was launched by ICE, the parent company of the NYSE.
Alan Valdes is also a senior partner at Silverbear Capital, an international advisory firm. During this interview, he was asked whether the launch of the new BTC exchange was a sign that Wall Street was becoming serious about cryptocurrencies. His response was rather dampening. He stated that at this time protecting Bitcoin wallets was iffy at best.
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Total Market Cap: August 04
The cryptocurrency market’s trading volume slid even more in the last 24 hours to $11.63 billion. Capitalization of the market is at $266.48 billion.
Bitcoin Price Analysis: August 04
While BTC gained 1.09% to trade at $7472.66 per token. BTC’s volume in trade is $3.91 billion and its market value is $128.44 billion.
Ethereum Price Analysis: August 04
Ethereum’s price went up 2% to trade at $417.55. Trading volume dipped to $1.43 billion but the crypto’s market value is currently up at $42.21 billion.
State of the Top 10 Cryptocurrencies: August 04
Of the top ten cryptocurrencies, eight showed gains in the last 24 hours. Cardano saw the biggest gains at 2.89%, followed by Stellar, which gained 2.81% and Litecoin, which saw a 2.37% jump in its token price. IOTA and Tether last marginally in their token prices, though IOTA did reclaim its number 9 position from Tether since yesterday.
- Bitcoin gained 1.09% to its price of $7472.66. The currency’s market value is $128.44 billion.
- Ethereum gained 2% to its price of $401.48. The currency’s market value is $42.21 billion.
- Ripple gained 0.21% to its price of $0.439294. The currency’s market value is $17.26 billion.
- Bitcoin Cash gained 1.51% to its price of $725.03. The currency’s market value is $12.52 billion.
- EOS gained 0.83% to its price of $7.17. The currency’s market value is $6.49 billion.
- Stellar gained 2.81% to its price of $0.258724. The currency’s market value is $4.85 billion.
- Litecoin gained 2.37% to its price of $77.31. The currency’s market value is $4.46 billion.
- Cardano gained 2.89% to its price of $0.132554. The currency’s market value is $3.43 billion.
- IOTA lost 1.65% to its price of $0.900350. The currency’s market value is $2.50 billion.
- Tether gained 0.05% to its price of $0.998789. The currency’s market value is $2.43 billion.