Cryptocurrencies mostly lower, ICO projects withdraw record levels of ETH
Dec 27, 2018
Top 5 Cryptocurrencies sorted by 24 hour Volume
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Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change
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Crypto Market Recap
- Cryptocurrencies turned broadly lower overnight as the price of Bitcoin (BTC) is down 0.31% to USD$3,793.53. Total cryptocurrency market capitalization currently sits at USD$127.0bn, down about 1% from 24 hours ago. Among major cryptocurrencies, Ethereum Classic (ETC) and IOTA (MIOTA) are the only positive coins, up 4.09% and 1.06% in the last 24 hours to USD$5.12 and USD$0.33166, respectively. Bitcoin Cash (BCH), meanwhile, has fallen the most among major coins, down 3.62% in the last 24 hours to USD$167.13.
General Crypto News
- Projects that conducted their Initial Coin Offerings (ICOs) on the Ethereum Blockchain have rapidly liquidated their treasury holdings in November and December 2018, according to data from Diar. In November, ICO projects withdrew 290,1000 Ethereum (ETH) from their treasury accounts, the largest amount in any month of 2018 at the time -- so far in December, ICOs have withdrawn a massive 423,800 ETH from their treasuries, on pace to double last month’s total.
- A survey conducted by Indian telecommunications giant Tata Communications finds that 44% of institutions have begun to adopt blockchain technology. The survey also notes that a growing skill gap is becoming a barrier to blockchain technology, artificial intelligence (AI), and Internet of Things (IoT) adoption. The report by Tata details, “This disparity highlights that directors and business unit heads must get better at informing the CEO of any challenges they are facing when rolling out new technologies such as IoT and AI.”
- The United Nations Office on Drugs and Crime (UNODC) is set to partner with doc.com, a blockchain-based telemedicine and telepsychology firm, to offer basic healthcare services for free in Eastern Africa. The partnership will see doc.com roll out its healthcare platforms to the Eastern Africa market by 2Q2019, according to an official letter. Currently, doc.com offers its platforms in 20 different countries while 130,000 users have used its telemedicine service and nearly 70,000 users have used its, “Emotions,” telepsychology platform.
- The Litecoin Foundation announced that it will sponsor an Ultimate Fighting Championship (UFC) event in a post on Wednesday. In its statement, the Litecoin Foundation announced that it has become the, “Official Cryptocurrency Partner,) of the UFC light heavyweight title fight between professionals Jon Jones and Alexander Gustafsson. The Litecoin Foundation discussed that the sponsorship is a part of its plan to expand adoption of cryptocurrencies, writing, “With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of technology moving closer towards the mainstream.”
- A Taiwanese man has been arrested after allegedly mining millions of dollars-worth of cryptocurrencies using stolen power, according to a report by news outlet EBC Dongsen News. The report details that the individual in question sole electricity worth over NT$100mm (USD$3.25mm) from various business premises in order to mine Bitcoin (BTC) and Ethereum (ETH). The report also quotes Deputy Head of the fourth brigade of Taiwan’s Criminal Investigation Bureau, Wang Zhicheng, who said, “The group recruited electricians who managed to break into the sealed meters in order to add in private lines to use electricity for free before that usage reaches the meters.”
*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio