Crypto Roundup - 2 March 2018

  • Venezuela Claims Petro ICO Has Raised $3 Billion.
  • Coinbase support for Segwit will be complete this week.
  • Tronix ($0.05) posted a 14.2% gain in the last 24-hours.

MVIS CryptoCompare Top 100 IndexThe MVIS CryptoCompare top 100 index has risen 2.21% in the last 24 hours to 5,074.35

The Venezuelan government made some new claims about the pre-sale of the Petro. After one week, President Nicolas Maduro said that the petro raised $3 billion from 171,015 certified purchases, from investors in 127 countries. The majority of the orders were in dollars, followed by Bitcoin and Ether, according to Maduro.

This week, cryptocurrency exchange Coinbase revealed certain aspects of the business. The exchange details its Segregated Witness (Segwit) rollout, plans to disable Paypal, new tax tools, and the hiring of 500 customer support agents. Coinbase representatives Tina Bhatnagar and Zach Abrams revealed the company’s support for Segwit will be complete this week. According to Abrams, Segwit compatible BTC sends and receives will soon be available for all customers:

“We are continuing to invest in our Bitcoin infrastructure, and we will be working on implementing additional Bitcoin scalability improvements like transaction batching and improved UTXO management. We also want to make taxes paying as easy as possible. To do so, we will be providing a ‘Detailed Transactions Report’ that will accompany our Gains/Losses report"

Coinbase

Top 10

Top 10 Coins by 24-Hour Volume

Seven of the top 10 coins by 24 hour volume has showed a negative change, ranging from 1.25 to 4.38%, in the last 24 hours. Bitcoin (+1.54% at $10,915), Tronix (+14.2% at $0.05) and Nano (+0.97% at $16.18) were the only coins that showed a profit in the last 24 hours.

Huobi Token (-4.35% at $2.16), NEO (-4.38% at $125) and Ethereum Classic (-3.84% at $31.84) all recorded losses of around 4% in the last 24 hours. Bitcoin Cash ($1,267) and Ripple ($0.89) posted a negative change of 1.8% and 1.32% respectively.

BTC

Bitcoin BTC/USD CryptoCompare Chart

At the time of writing, the Bitcoin price is sitting at $10,915 representing a gain of 1.54% in the last 24 hours. More than $1B worth of BTC were exchanged in the BTC/USD market representing a 23% share of global daily volume. The BTC/JPY pair represents the biggest pair with a 48% share.

ETH

Ethereum ETH/USD CryptoCompare Chart

The Ethereum price posted a loss of 1.25% over the past 24 hours and is currently sitting at $861, with over $165M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 20% market share of the global daily trading volume. The largest Ethereum pair was ETH/BTC with a 51% share.

TRX

Tronix TRX/USD CryptoCompare Chart

The Tronix price has risen 14.2% over the past 24 hours and is currently sitting at $0.05, with over $4.5M worth of TRX exchanged in the past 24 hours on the TRX/USD pair which has a 1% market share of the global daily trading volume. The largest Tronix pair was TRX/BTC with a 71% share.

LTC

Litecoin LTC/USD CryptoCompare Chart

The Litecoin price has dropped 1.6% over the past 24 hours and is currently sitting at $206, with over $99M worth of LTC exchanged in the past 24 hours on the LTC/USD pair which has a 23% market share of the global daily trading volume. The largest Litecon pair was LTC/BTC with a 40% share.

Zcash Blockchain Set for Redesign; Facebook’s Calibra to Hire Head of Data Science

The top daily news from the cryptocurrency and blockchain space:

  • Zcash blockchain set for major redesign.
  • Facebook’s Calibra posts for Head of Data Science.
  • Binance DEX gets its first stablecoin trading pair.

At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $10,809.4 (+0.5%) and $307.0 (-2.9%), respectively. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 4,815.8 (-1.4%).

Bitcoin Ethereum CryptoCompare

Zcash Blockchain Set for Major Redesign

The Electric Coin Company (ECC), the entity steering the development of the Zcash blockchain, is reportedly planning to make the privacy-oriented cryptocurrency as user-friendly as cash payments.

Covering topics such as funding and scalability via sharding, the future of Zcash was presented on and discussed over the weekend at Zcon1, an annual Zcash-focused conference.

Facebook’s Calibra Posts for Head of Data Science

Continuing to build out its team, Calibra – a recently announced subsidiary of Facebook – posted a job position for a Head of Data Science on Saturday.

Per the job description on LinkedIn, the ideal candidate will be “an experienced analytics leader for [Facebook’s] entire consumer-facing wallet product.” This wallet will be the first product to come out of Calibra, which is building financial services atop the ecosystem surrounding Libra, a digital currency initiative announced by the social media giant last week.

Binance DEX Gets First Stablecoin Trading Pair

Stably, a blockchain startup that creates fiat-backed stablecoins on multiple protocols, announced the launch of its U.S. dollar-backed stablecoin – USDSB – trading pair on Binance and Binance DEX.

The announcement marked the first stablecoin to launch on Binance DEX. According to a blog post from Stably, the Binance DEX listing enables “other Binance Chain projects to establish transparent, liquid, and stable on-chain trading pairs.”

While just one cryptocurrency – Binance Coin (BNB) – is paired against USDSB for the time being, Stably said that it is “planning to list USDSB with additional assets on Binance DEX very soon.”