Business 29 March 2019Gerald Fenech
Crypto market daily report – March 29, 2019
The cryptocurrency market continued on a relatively stable footing as most coins remained at their previous levels over a 24-hour period, whilst Bitcoin Core (BTC) continued to rise and breach the $4,050 mark at press time on Friday. This was a rise of around 1% and seemed to be supported by healthy turnover levels. Ethereum (ETH) was also slightly up although by a more conservative 0.5% to the $138.50 level, although it had reached the $140 mark at one point.
Currencies with larger market caps also remained relatively stable. Ripple (XRP) was up to around $0.31 although the movement was quite staid and even an announcement of a new XRapid technology failed to move the third largest cryptocurrency by market cap. EOS declined slightly to settle at the $4.24 mark, whilst Litecoin (LTC) was also slightly down but still held above the $60 level. Cardano (ADA) continued to rise considerably and settled at around the $0.07 level which is a rise of almost 40% since the beginning of the year. NEO was up by a relatively conservative 1% to the $9.32 level, whilst Stellar Lumens (XLM) settled at the $0,106 mark on the back of a small decline.
Currencies with smaller market caps had slightly a mixed bag of luck over the past few hours with BAT perhaps the star performer where it rose by a considerable 10% to the $0.27 level whilst Bitcoin SV (BSV) remained relatively stuck at just over the $64 level. ICX and ONT were static with negligible rises, whilst BTT and TRON were also up, the latter by around 4% to the $0.023 level. BCHABC was also up by around 1% to the $168 level, whilst Binance Coin (BNB) settled at the $16.70 level.
Ethereum Classic (EtC) also showed some positive movement to settle at the $4.72 mark, with IOTA once again regaining the $0.30 mark. Other notable movers were QTUM, NULS and VET with positive moves of around 2 to 5% overall.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Business 31 minutes ago
Consensys announces partnership with LVMH, Microsoft
Consensys has just announced that they are partnering up with the luxury goods conglomerate LVMH and Microsoft for a blockchain-based platform.
Business 47 minutes ago
Crypto in Africa: SA backed digital currency, users get a new app
South Africa is looking at developing their own stable coin, and Kudi exchange is looking to expand their services to the continent.
Business 1 hour ago
World Bank, CommBank collaborate to enable secondary bond trading
The World Bank have joined with CommBank to create a first of its kind process that will be able to record secondary transactions on distributed ledgers.