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Cryptocurrencies continue higher as Argentina announces partnership with Binance Labs

Mar 06, 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$3899.26 0.05% 0.51% 1.08% USD$68,525,474,056 USD$9,531,810,708
Ethereum ETH USD$138.58 0.02% 1.8% 0.24% USD$14,568,369,933 USD$4,865,112,280
EOS EOS USD$3.73 -0.81% 1.51% 6.75% USD$3,382,179,034 USD$2,166,838,770
Litecoin LTC USD$55.13 -0.43% 4.32% 21.05% USD$3,350,050,773 USD$2,078,888,484
XRP XRP USD$0.32 -0.49% 0.23% -0.56% USD$13,075,563,575 USD$785,648,604

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
OmiseGO OMG USD$1.24 -0.47% 4.44% -6.99% USD$174,218,057 USD$37,541,135
Litecoin LTC USD$55.13 -0.43% 4.32% 21.05% USD$3,350,050,773 USD$2,078,888,484
Ethereum ETH USD$138.58 0.02% 1.8% 0.24% USD$14,568,369,933 USD$4,865,112,280
EOS EOS USD$3.73 -0.81% 1.51% 6.75% USD$3,382,179,034 USD$2,166,838,770
Bitcoin BTC USD$3899.26 0.05% 0.51% 1.08% USD$68,525,474,056 USD$9,531,810,708

 

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Crypto Market Recap

  • Cryptocurrencies continued their rally overnight, extending their winning streak to 2 days, as the price of Bitcoin (BTC) is up 0.73% in the last 24 hours to USD$3,906.00. Litecoin (LTC) is trading higher by the most among major coins, up 5.02% in the last 24 hours to USD$3.76. Binance Coin (BNB) is continuing to post notable gains as well, up 4.53% in the last 24 hours to USD$13.87. TRON (TRX), Bitcoin SV (BSV), and IOTA (MIOTA) are the only major cryptocurrencies trading lower this morning, falling 0.39%, 0.36% and 1.10% in the last 24 hours, respectively.

Crypto Developments in Financial Services

  • Five notable Japanese banks announced they were collaborating to launch a financial services infrastructure based on blockchain in a joint press release last week. The Bank of Iwate, Bank of Yokohama, Aomori Bank, Akita Bank, and Yamanashi Chuo Bank will partner to form the, “Fitting Hub,” with a target launch period of April 2019 for its first service, an electronic delivery feature. Fitting Hub leverages IBM’s blockchain expertise in its financial services blockchain platform.

Crypto Regulatory Environment

  • The Argentinian government will begin to co-invest in blockchain projects backed by Binance Labs and LatamEx, a Latin America-based crypto exchange, according to a press release Wednesday. The news comes after Binance Labs announced that Buenos Aires, the capital of Argentina, will become its Latin America hub for the next phase of its Binance Labs Incubation Program. Argentina’s Ministry of Production and Labour has agreed that it will watch investors of up to USD$50,000 in each blockchain project sponsored by Binance Labs, with the agreement applying to as many as 10 blockchain projects per year for the next four years.

General Crypto News

  • Chainalysis, a blockchain analytics firm based in New York, published an official user data policy with a goal of clarifying that it does not collect or sell personal data. Chainalysis faced allegations that the blockchain analytics firm was circulating clients’ user data following backlash from the controversial acquisition of Neutrino, another blockchain analytics firm, by Coinbase. Coinbase explained that the acquisition was driven by previous blockchain analytics tool providers, one of which is Chainalysis, selling clients’ user data to third-parties.  
  • MakerDao (Maker), a Decentralized Autonomous Organization (DAO), will allow users to vote on whether or not to increase a fee used by its Dai (DAI) stablecoin, according to an official blog post. Stablecoin DAI has many uses, including as a medium for loans through the Maker platform. The proposal, known as the Stability Fee, seeks to implement a fee hike for when DAI is created through collateralized debt position (CDP) on Maker. Users are currently voting on the proposal with the period for voting ending Thursday.  
  • IBM announced the launch of an operational version of its X-Force Red Blockchain Testing service for conducting security testing on blockchain solution platforms in a press release Tuesday. According to the press release, “IBM X-Force Red is seeing that 70 percent of solutions that incorporate blockchain rely on traditional technologies for backend processes like authentication, data processing, and Application Programming Interfaces (API).” The press release added that the new service, “will evaluate the whole implementation, including public key infrastructure and Hyperledger's.”

 

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

Sources:

https://blog.chainalysis.com/reports/service-level-data 
https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/blockchain-analytics-firm-chainalysis-outlines-user-data-policy-amid-coinbase-allegations 
https://cointelegraph.com/news/ibm-releases-security-testing-tool-for-enterprise-blockchain-takers 
https://cointelegraph.com/news/japanese-banks-unite-to-launch-blockchain-finance-platform-services 
https://cointelegraph.com/news/makerdao-users-vote-on-stability-fee-increase-as-dai-stablecoin-peg-wobbles 
https://medium.com/makerdao/proposed-stability-fee-increase-2-4e2f00839483 
https://newsroom.ibm.com/2019-03-050-IBM-X-Force-Red-Launches-New-Service-for-Blockchain-Security-Testing 
https://portal.fitting-hub.com/news/20190301.html 
https://vote.makerdao.com/polling 

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