Market Update 8.26.18 – World Bank’s Blockchain Bond Experiment Gets $81 M

| Publish date: 08/26/2018
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World Bank’s Blockchain Bond Experiment Gets $81 M

The World Bank has managed to exceed its goal of $73 million, particularly for its blockchain bond which is $8 million. Australia’s very own Commonwealth Bank wants to settle the bond called bond-i. The latter is meant for blockchain operated new debt instrument. This subsequently marks the very first time the World Bank settles a blockchain bond.

Originally, the bank intended to settle about $100 million AUD ($73 million US). Apparently, on Friday, it reported having accumulated around $110 million AUD ($81 million US). The bond’s investors include the likes of CommBank, First State Super, QBE Insurance, NSW Treasury Corporation, SAFA, the Treasury Corporation of Victoria, and Northern Trust.

Read the full report here.

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WeChat, Alipay Remove Block Crypto Transactions

WeChat Pay and Alipay are both Chinese mobile payment platforms. Now, they are reportedly scrambling to keep up with regulators following recent announcements about initial coin offerings (ICOs) and cryptocurrencies. Both payment giants revealed that they will work with the government agencies closely in order to monitor cryptocurrency transactions.

Official reports suggest that at least five high-level regulatory agencies based in China issued a warning against any digital currency-related transactions, such as fundraising and trading activities, among others. According to the parent company of WeChat Pay, Tencent, it has already come up with three main measures designed to regulate any form of “problematic” platforms regarding ICO and cryptocurrencies.

Read the entire report here.

Bitcoin Mining Operation In New York Happening Through Hydroelectric Dam

A California-based Bitcoin mining firm has already completed work on a repurposed hydroelectric dam. It is meant to service the company’s new mining efforts. DPW holdings will basically prepare to use the dam, which is situated in Valatie Falls, New York. It will become the primary source of electricity for its yet-to-be-built mining facility towards the end of this year.

The move suggests that a fresh competition for the steadily increasing miner population in New York State will happen. At the same time, it is where Coinmint signaled it would jumpstart operations in an old smokestack with local government backing earlier this year.

DPW’s farm will meanwhile employ its own mining hardware, the AntEater, which it developed in conjunction with Samsung in January. It will run the operation via a dedicated subsidiary, Super Crypto Mining.

Read the full report here.

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Total Market Cap: Aug 26

The volume of trade in the crypto market reached $9.29 billion. The market’s capitalization, on the other hand, sat at $213 billion.

Bitcoin Price Analysis: Aug 26

In the past 24 hours, Bitcoin fell 1.41% to trade at $6,642.69. The leading cryptocurrency’s trade volume was at $3.15 billion, while its market cap reached $27.77 billion.

Ethereum Price Analysis: Aug 26

Ethereum’s price fell 2.60% to trade at $273.45. As for the altcoin’s trading volume, it reached $1.16 billion; whereas its market capitalization hit $27.77 billion.

State of the Top 10 Cryptocurrencies: Aug 26

In the past 24 hours, all prices went down except for Tether’s. Monero, on the other hand, dethroned IOTA at the 10th spot.

  • Bitcoin’s market price fell 1.41% to $6,642.69, and its value in the market is $114.46 billion.
  • Ethereum’s market price fell 2.60% to $273.45, and its value in the market is $27.77 billion.
  • XRP’s market fell 1.74% to $0.322322, and its value in the market is $12.74 billion.
  • Bitcoin Cash’s market fell 2.98% to $519.60, and its value in the market is $9 billion.
  • EOS’s market price fell 2.06% to $4.89, and its value in the market is $4.43 billion.
  • Stellar’s market price fell 2.02% to $0.213139, and its value in the market is $4 billion.
  • Litecoin’s market price fell 1.90% to $56.58, and its value in the market is $3.28 billion.
  • Tether’s market price jumped 0.19% to $1.00, and its value in the market is $2.8 billion.
  • Cardano’s market price fell 1.23% to $0.091981, and its value in the market is $2.38 billion.
  • Monero fell to the 10th spot, but its market price fell of 3.16% to $91.98, and its value in the market is $1.5 billion.
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