Crypto Roundup - Dubai resort rolls out Blockchain-based solution & Twitter and Square CEO Jack Dorsey interviewed

  • Five coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 0.23% to 21.79%
  • Massive Dubai resort rolls out Blockchain-based staff solution
  • Twitter and Square CEO Jack Dorsey on the Bitcoin lightning network

MVIS CryptoCompare Top 100 IndexThe MVIS CryptoCompare Top 100 Index has dropped 0.59% in the last 24 hours to 1,222.73

Five coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 0.23% to 21.79%. Massive Dubai resort rolls out Blockchain-based staff solutionTwitter and Square CEO Jack Dorsey on the Bitcoin lightning network.

Top 10

CryptoCompare Top 10 Coins

Five coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 0.23% to 21.79%. BitTorrent ($0.001) posted a positive change of 21.79%, while Dash ($83.65) revealed a gain of 6.10%. ZCash ($52.11) showed positive a change of 3.68%. TRON ($0.02) dropped 4.44%, while Bitcoin Cash ($120.26) and XRP ($0.30) posted negative changes of 2.26% and 0.79%, respectively.

BTC

Bitcoin BTC/USD CryptoCompare Chart

At the time of writing, the Bitcoin price is sitting at $3,590 representing a loss of 1.03% in the last 24 hours. More than 135Mln worth of BTC were exchanged in the BTC/USD market representing a 12.80% share of the global daily volume. The BTC/USDT pair represents a 66.15% share.

ETH

Ethereum ETH/USD CryptoCompare Chart

The Ethereum price posted a 0% over the past 24 hours and is currently sitting at $120, with over $55 worth of Ether exchanged in the past 24 hours on the ETH/USD pair, which has a 6.88% market share of the daily trading volume. The ETH/USDT pair represents a 42.56% share.

EOS

EOS EOS/USD CryptoCompare Chart

The EOS price is sitting at $2.81 representing a positive change of 1.08% in the last 24 hours. More than $8 Mln worth of EOS were exchanged in the EOS/USD market representing a 1.80% share of global daily volume. The EOS/ETH pair represents a 36.43% share. 

LTC

Litecoin LTC/USD CryptoCompare Chart

The LTC price has dropped 2.26% over the past 24 hours and is currently sitting at $43, with more than $25 Mln worth of LTC exchanged in the past 24 hours on the LTC/USD pair, which has a 6.61% market share of the global daily trading volume. The biggest LTC pair is the LTC/USDT pair, that represents a 47.74% share.

Facebook’s Cryptocurrency by Year End; Grayscale Ethereum Trust Goes Retail; Coinbase Adds DAI

There’s been a flurry of major crypto news to end the week. Among the developments: Facebook expects to start testing its GlobalCoin cryptocurrency by year-end, before launching in 1Q20; Grayscale announced it's received approval for the public quotation of eligible shares of its Grayscale Ethereum Trust (ETHE); and Coinbase unveiled full support for the heartbeat of the open finance movement: Dai (DAI).

The crypto markets are enjoying a considerable bounce over the past 24 hours. At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $7,904.7 and $250.3; a rise of 4.4% and 6.9%, respectively. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,843.3 (+2.2%).Bitcoin Ethereum CryptoCompare

GlobalCoin: Facebook to Begin Cryptocurrency Roll-Out by Year End

More details of Facebook’s cryptocurrency-based payments network have emerged, courtesy of the BBC, which reported the social media giant is striving to commence testing of its cryptocurrency – internally dubbed GlobalCoin – by the year’s end, before launching in “a dozen countries” by March 31, 2020.

Facebook expects to outline further details “this summer,” the BBC wrote, before highlighting that Bank of England governor Mark Carney was, in April, briefed by Facebook founder and chief executive Mark Zuckerberg.

Officials from the U.S. Treasury have been approached by Facebook, also, with respect to potential “operational and regulatory issues.” Moreover, Facebook is reportedly “in talks with money transfer firms including Western Union as it looks for cheaper and faster ways for people without a bank account to send and receive money.”

Grayscale Ethereum Trust Gets Retail Greenlight

Grayscale Investments – a New York-based firm with almost $2 billion in assets under management – announced they secured approval from the Financial Industry Regulatory Authority (FINRA) to list eligible shares of its Grayscale Ethereum Trust (ETHE).

In the press statement, Grayscale pointed out that “there will be no trading volume in the Share’s public quotation” until the Depository Trust Company (DTC) permits it. Grayscale – which is a Digital Currency Group (DCG) subsidiary – added “ETHE is expected to receive [the DTC’s approval] soon.”

ETHE marks Grayscale’s third publicly quoted investment product. It follows Grayscale Bitcoin Trust™ (OTCQX:GBTC) and Grayscale Ethereum Classic Trust™ (OTCQX:ETCG).

DeFi Delight: Coinbase Adds Full DAI Support

Coinbase announced Dai (DAI) is now available to buy and trade for Coinbase.com users. DAI is a stablecoin native to MakerDAO (MKR) that is designed to offer a value-stable asset that does not suffer from the generally high level of volatility seen across the cryptocurrency market.

The move surprised many pundits within the Ethereum and decentralized finance (DeFi) space, as Coinbase already co-manages USD Coin (USDC), a rival stablecoin developed by the CENTRE Consortium last year.

Coinbase, a leading U.S.-headquartered crypto exchange, already listed DAI last December. However, it was only made accessible on Coinbase Pro, a Coinbase-owned exchange targetted at institutional and professional traders.