IBM to develop cryptocurrency for six large banks

March 27, 2019   Bitcoin

The main cryptocurrencies traded on Tuesday in a narrow range. The price of Bitcoin remained near the level of 3970 dollars, Ethereum was trading at the support of 135 dollars, and XRP slightly decreased to the level of 0.3015.

Today, the main cryptocurrencies have gone up sharply to the news that six large banks from different countries of the world have commissioned IBM to develop cryptocurrency. They were inspired by the example of the American investment bank JP Morgan.

Against the background of this news, the bitcoin rate at 10.30, according to Libertex, has increased in price by 2.16% in a day - to 3,983 dollars with a capitalization of 71.3 billion dollars. Ethereum by this time has risen in price by 2.92% - up to 136.8 dollars, its capitalization reached $ 14.7 billion. XRP for the day added 2.28% and rose to the level of $ 0.307 with a capitalization of $ 12.9 billion. Litecoin has strengthened by 2.68% - to 59.8 dollars, its capitalization amounted to 3.7 billion dollars.

Singapore cryptocurrency exchange DragonEx published yesterday a message about a hacker attack on March 24, as a result of which part of the users' funds and the site itself were withdrawn and stolen. The amount of stolen cryptocurrency is not disclosed. According to the exchange, part of the assets was returned. In addition, DragonEx has announced that it will take responsibility for the damage and recover the stolen funds. DragonEx has become the second exchange hacked this year. In 2019, this is the second case of hacking cryptocurrency exchanges. In January, the New Zealand platform Cryptopia was also attacked by hackers. Last month, representatives of the site reported that during a hack, 9.4% of all assets were stolen from the stock exchange.

The total capitalization of the crypto market has reached $ 141.5 billion. At the same time, the fact that the Bakkt platform has postponed the start of trading in Bitcoin futures is holding off a more serious rise in cryptocurrency. In addition, the Singapore cryptocurrency exchange DragonEx reported on the hacking and stealing of the cryptocurrency assets of its clients.

According to financial scouts, the current rise in the market will be short-term, and soon it will return to a downward trend. Bitcoin rate in the near future may again fall to the levels of 3950, 3920 and 3900 dollars. Litecoin - up to 58 dollars. The price of XRP will fall to the support of 0.3000, 0.2975 and 0.2950 dollars. Ethereum will drop to $ 132, 130, 128.

Japan's largest online store Rakuten has completed the registration of its cryptocurrency exchange Rakuten Wallet, which it intends to launch in April. Japanese online trading corporation Rakuten acquired Everybody’s Bitcoin in August 2018 for about $ 2.4 million and now plans to rename Rakuten Wallet by the end of the month. Rakuten Wallet will provide virtual currency exchange services on the basis of the law “On Payment Services”.


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