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Cryptocurrencies remain red, blockchain developer job postings increase 33x in 2018

Dec 14, 2018



Top 5 Cryptocurrencies sorted by 24 hour Volume

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$3302.1 -0.18% -3.89% -2.79% USD$57,530,673,097 USD$4,418,536,635
Ethereum ETH USD$86.33 -0.12% -4.68% -0.58% USD$8,960,026,091 USD$1,746,627,603
EOS EOS USD$1.86 0.41% -5.51% 10.7% USD$1,682,303,214 USD$603,730,435
Litecoin LTC USD$23.45 -0.3% -3.05% -5.83% USD$1,397,058,868 USD$310,639,122
XRP XRP USD$0.3 -0.28% -3.05% -1.88% USD$12,076,536,528 USD$305,016,043

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Monero XMR USD$42.11 -0.28% -2.01% -5.8% USD$700,938,319 USD$11,968,608
TRON TRX USD$0.01 0.09% -2.8% 0.98% USD$860,709,719 USD$49,842,785
XRP XRP USD$0.3 -0.28% -3.05% -1.88% USD$12,076,536,528 USD$305,016,043
Litecoin LTC USD$23.45 -0.3% -3.05% -5.83% USD$1,397,058,868 USD$310,639,122
Ethereum Classic ETC USD$3.74 -0.75% -3.62% 5.05% USD$399,348,071 USD$101,800,641


Crypto Market Recap

  • Cryptocurrencies are broadly in the red, though off lows of the 24-hour period, with the price of Bitcoin (BTC) down 3.41% to USD$3,312.96. Among major cryptocurrencies, Waves (WAVES) and Maker (MKR) are the only positive coins, up 15.45% and 1.27% in the last 24 hours to USD$2.44 and USD$339.73, respectively. Bitcoin Cash (BCH) extended losses overnight and is trading down 13.59% in the last 24 hours to USD$84.96.

Crypto Developments in Financial Services

  • Binance, the world’s largest cryptocurrency exchange by daily trading volume, announced that it has added Circle’s US dollar-pegged stablecoin, USD Coin (USDC), to its combined Stablecoin Market. Circle, a company backed by Goldman Sachs, first released its stablecoin in September of this year. Binance’s combined Stablecoin Market features other notable stablecoins, like Tether (USDT), that trade against cryptocurrencies as interchangeable base pairs.
  • Tom Lee, co-founder of Fundstrat Global Advisors and a notable cryptocurrency pundit, believes that the current fair value of Bitcoin (BTC) is between USD$13,800 and USD$14,800, according to a note published on Thursday. Lee arrived at this valuation by taking into account the number of active wallet addresses, usage per account, and other supply and demand metrics. Additionally, Lee forecasted that the fair value of BTC will reach USD$150,000/coin once BTC wallets account for 7% of Visa’s 4.5bn account holders.

Crypto Regulatory Environment

  • Warren Davidson, an Ohio Congressman and notable advocate of blockchain and digital assets, is floating blockchain technology as a solution to fund US President Donald Trump’s prospective US-Mexico border wall. While interviewing with NPR, Congressman Davidson suggested, “the American people, or whomever should choose to donate,” could pay for the border wall, adding, “you could do it with sort of like a crowdfunding site or you could do a blockchain and you could have WallCoins.”
  • Pantera Capital, a blockchain and cryptocurrency-focused investment firm and hedge fund, is warning investors that as much as a quarter of their ICO project could potentially be violating US securities laws, according to a Bloomberg report. In a newsletter to clients, Pantera Capital warned, “While we believe the vast majority of the projects in our portfolio should not be affected, approximately 25% of our fund’s capital is invested in other projects with liquid tokens that sold to US investors without using Regulation D or Regulation S” 
  • Russia has no intention of implementing Venezuela’s state-backed digital currency, the Petro, into commercial operations, according to a report by news outlet RIA Novosti. While speaking to reporters this week, Russian Deputy Finance Minister Sergey Storchak said, “Representatives from our tax service and central bank... got acquainted with the cryptocurrency Venezuela is introducing,” adding, “But no more than that. As for payments, they’re not happening yet.”

General Crypto News

  • LinkedIn’s, “2018 U.S. Emerging Jobs,” report released on Thursday ranks the role of blockchain developer as the fastest growing job in the United States. The report by LinkedIn indicates that blockchain developer jobs have increased 33-fold in the past 12 months alone. San Francisco, New York City, and Atlanta are among the cities with the highest demand for blockchain developer jobs.   



*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio