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Cryptocurrencies continue slide as Tether (USDT) is set to join the Tron (TRX) network

Mar 04, 2019

 

 
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High Machine Learning Accuracy Rates for CryptocurrenciesHigh Machine Learning Accuracy Rates for Cryptocurrencies

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$3761.24 -0.17% -2.32% -3.18% USD$66,088,449,607 USD$8,945,377,161
Ethereum ETH USD$127.55 -0.65% -4.07% -8.98% USD$13,409,408,394 USD$4,066,440,077
EOS EOS USD$3.28 -0.23% -7.8% -9.01% USD$2,970,684,882 USD$1,609,119,302
Litecoin LTC USD$46.31 -0.41% -4.15% -0.24% USD$2,812,850,408 USD$1,245,584,916
XRP XRP USD$0.3 -0.3% -2.51% -6.63% USD$12,635,205,730 USD$650,794,391

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
TRON TRX USD$0.02 2.62% 1.59% -5.12% USD$1,543,475,155 USD$216,918,151
Bitcoin BTC USD$3761.24 -0.17% -2.32% -3.18% USD$66,088,449,607 USD$8,945,377,161
XRP XRP USD$0.3 -0.3% -2.51% -6.63% USD$12,635,205,730 USD$650,794,391
Dash DASH USD$79.77 -0.7% -3.11% -5.01% USD$691,663,679 USD$249,674,372
Monero XMR USD$48.43 0.14% -3.21% -2.93% USD$815,323,172 USD$68,709,928

 

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Crypto Market Recap

  • Cryptocurrencies continued to fall broadly lower through afternoon trading as the price of Bitcoin (BTC) is down 2.36% in the last 24 hours to USD$3,760.31. EOS (EOS) continues to be hit the hardest among major coins in today’s trading, falling 7.84% in the last 24 hours to USD$3.28. TRON (TRX) is moving against the broader crypto market this afternoon, rallying 1.93% to USD$0.023224 on news that it will partner with Tether (USDT) to bring the world’s largest stablecoin to its network, discussed below.

Crypto Developments in Financial Services

  • The HB10, a cryptocurrency index maintained by cryptocurrency exchange Huobi, will be listed on major financial data and analysis news site TradingView, according to an official release published by Huobi. The HB10 index helps, “users attain exposure to the digital assets market with a relatively small capital outlay and also provide users with greater diversification across constituent coin trading pairs.” In addition to the support of HB10, TradingView will also support all of Huobi’s coin-to-coin trading pairs.

Crypto Regulatory Environment

  • The Central Bank of the Bahamas announced key technology providers for its development of a digital fiat currency system and a pilot of the system in an official press release Friday. Dubbed, “Project Sand Dollar,” the Central Bank of the Bahamas aims to enable financial equality and inclusion across its communities in the Bahamas. As part of the pilot program the Central Bank of the Bahamas will work with transaction provider NZIA.io, which brings, “together the collective know-how and expertise of IBM,” and Zynesis, a Singaporean blockchain developer.

General Crypto News

  • Tether, the issuer of the US dollar-pegged stablecoin USDT, is partnering with blockchain protocol Tron (TRX) to introduce USDT to the Tron network, according to an official announcement by the companies. According to the announcement, Tron and Tether are aiming to enable USDT on the Tron network by the second quarter of 2019. On February 28th, Tron implemented a hard fork designed to introduce a suite of institution-friendly features on its network. 
  • Lyft, a popular ridesharing application, is partnering with blockchain startup Solve.Care with a goal of tokenizing healthcare transportation agreements, according to a Solve.Care press release on Monday. The new partnership will allow Solve.Care users to schedule Lyft rides to doctor offices, hospitals, and pharmacies through an automated payment feature using the native SOLVE token, which users hold in their Solve.Care digital wallets. Pradeep Goel, CEO of Solve.Care, hopes the partnership with Lyft will help its blockchain healthcare platform, “improve patient satisfaction through timely access to care, reduced wait times, and simpler cost-sharing and access to transportation subsidies.”  
  • After major US retailer Kroger announced that it would stop accepting Visa at some locations, Morgan Creek Digital founder Anthony Pompliano is suggesting it deploy Lightning Network support in its stores. According to Tweets fired off by, in fact, the negotiations have already started. In announcing that it would stop support of Visa, Kroger cited high fees that the company imposes on major US retailers. Pompliano frankly tweeted on Sunday that, “The Morgan Creed Digital team will fly to meet them [Kroger team] and get them hooked up with the Lightning Network nationwide.”

 

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

Sources:

https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/bahamas-central-bank-announces-key-tech-providers-for-upcoming-digital-currency-pilot 
https://cointelegraph.com/news/major-us-retailer-kroger-drops-visa-morgan-creek-digital-suggests-lightning-network 
https://cointelegraph.com/news/ridesharing-app-lyft-partners-with-blockchain-startup-to-tokenize-healthcare-transport 
https://cointelegraph.com/news/tradingview-adds-support-for-huobis-hb10-crypto-index 
https://cointelegraph.com/news/tron-and-tether-partner-to-issue-usdt-on-the-tron-network-by-q2-2019 
https://huobiglobal.zendesk.com/hc/en-us/articles/360000091622-Tradable-Index-product-HB10-tracking-the-HUOBI-10-Index-will-be-launched-as-of-10-00am-June-1st 
https://solve.care/solve-care-leverages-lyft-to-improve-access-to-medical-care-with-first-of-its-kind-blockchain-and-ridesharing-service-integration 
https://twitter.com/APompliano/status/1102273796046798850 
https://www.centralbankbahamas.com/download/012640900.pdf 
https://www.coindesk.com/tether-to-launch-new-version-of-usdt-stablecoin-on-tron-blockchain 
https://www.coindesk.com/tradingview-adds-first-crypto-index-to-charts-and-analysis-platform

 

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