Market Update 3.24.19 – UPS’ B2B With Blockchain E-commerce Platform
Market News
UPS’ B2B With Blockchain E-commerce Platform
UPS, which is hailed as the world’s largest shipping giant based in the U.S., has revealed new blockchain integration. Apparently, it is heavily focused on bringing B2B (business-to-business) sales straight into the digital age. The integration was announced by the company after it officialised a partnership with an e-commerce platform called Inxeption.
The partnership is an attempt to develop a platform that could be responsible in facilitating B2B sales, one that is highly support by blockchain technology. The said platform is dubbed Inxeption Zippy and will serve as an online catalog specifically designed for business.
Read the official report here.
Donating Tor Project Using Different Cryptos
The Tor Project is known to be a digital anonymity-focused non-profit. Interestingly, it is now able to accept donations in digital currencies, allowing potential donors to leverage at least nine different options when it comes to sending funds. A donation’s page on its official site cites a list of cryptocurrency addresses.
Sarah Stevenson, the fundraising director at Tor, said that the firm had already started accepting Bitcoin for a couple of years now. Previously, however, these donations could only be accepted via BitPay, which is a firm responsible for converting cryptocurrency payments to fiat prior to passing it on its vendor clients.
With the new change, people can start sending crypto donations directly to the aforementioned project. Basically, according to Stevenson, this will convert all funds via the Kraken exchange. She added that all of the project’s donors should request “direct wallet addresses” in order for the project to be successful in accepting a larger variety of tokens.
Read the full report here.
Bitwise Says BTC Futures Volume More Significant
As far as Bitwise Management is concerned, there is a huge misconception in the crypto space. For the firm, the Bitcoin futures market is quite larger, one that is relative to the current spot market than previously suggested.
Via a wide-ranging report, the company claims that at least 95 percent of all report BTC trading volume is not true. Bitwise suggests that despite this narrative, the said futures market is without a doubt “significant.”
Read the full report here.
Total Market Cap: March 24
The volume of trade in the cryptocurrency space reached $29.28 billion. Meanwhile, the market capitalization hit $140.42 billion.
Bitcoin Price Analysis: March 24
Bitcoin remains to be the most popular crypto currency despite experiencing a trade fall of 0.27% in the past 24 hours. This decline led to its price of around $4,028.10. When talking about its trade volume and market value, the crypto got $9.00 billion and $70.92 billion, respectively.
Ethereum Price Analysis: March 24
Much like BTC, Ethereum also did not escape a trade fall of 0.69%, resulting in $137.86 price. As for the altcoin’s trade volume, it settled at $4.10 billion; whereas its market value obtained $14.53 billion, respectively.
State of the Top 10 Cryptocurrencies: March 24
The crypto space saw a massive decline of almost all digital currencies, though two of the top 10 managed to rise. Fighting at the 10th spot, Cardano snatched the throne from TRON.
- Bitcoin’s market price fell 0.27% to $4,028.10, and its value in the market is $92 billion.
- Ethereum’s market price fell 0.69% to $137.86, and its value in the market is $14.53 billion.
- XRP’s market price fell 0.81% to $0310050, and its value in the market is $12.92 billion.
- Litecoin’s market price fell 1.38% to $60.51, and its value in the market is $3.69 billion.
- EOS’s market price fell 0.91% to $3.67, and its value in the market is $3.32 billion.
- Bitcoin Cash’s also fell in its market price at 1.10% to receive $166.37, and its value in the market is 2.94 billion.
- Binance Coin’s price in the market jumped 8.59% to $16.70, and its value in the market is $2.36 billion.
- Stellar’s market price fell 0.91% to $107462, and its value in the market is $2.07 billion.
- Tether’s market price fell 0.04% to $1.01, and its value in the market is $2.04 billion.
- Cardano took the 10th spot from TRON after jumping 3.44% and trading at $0.061907, with a market value of $1.61billion.