The rundown: Bitcoin and all major currencies were down in the morning; Aplic.io announces a new platform powered by artificial intelligence and blockchain technology to streamline educational and job search processes; the cryptocurrency market could reach $1.40 billion by 2024 from $1.03 billion in 2019 says new report; IP Exchange is using blockchain to allow companies to share their internet protocol address; the SEC suspends trading in the securities of American Retail Group over false crypto statements; the National Bank of Canada tests its blockchain platform for trade finance; ABN AMRO, the Port of Rotterdam Authority and Samsung SDS to test blockchain technology for shipping; and more.
Here is what is happening in the cryptocurrency market on Tuesday.
In the News
British Columbia-based Aplic.io has developed a new platform using artificial intelligence and blockchain technology to streamline educational and job search processes. The platform, called A-Pass, enables institutions to review and recruit top global talent around the globe and verify academic records and test scores.
ZorroSign, the developer of real electronic signature and document fraud and tampering detection system built on blockchain, has released its support for advanced mobile biometrics to electronically sign documents. Users of Samsung and Apple mobile devices will be able to use their biometrics to log into the ZorroSign application, sign documents and manage other tasks.
A new report by Markets and Markets reveals that the cryptocurrency market could reach $1.40 billion by 2024 from $1.03 billion in 2019. The report, titled “Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography – Global Forecast to 2024”, says that the major factors for growth include the transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments.
IP Exchange has introduced a blockchain-powered marketplace that allows users to share their internet protocol (IPs) addresses. The marketplace, launched on mainnet, allows both individuals and companies to rent IPs from thousands of different places around the world. Using blockchain technology, the platform creates a decentralized exchange platform where tech companies can securely integrate an unlimited number of IPs from multiple providers.
The U.S. Securities and Exchange Commission has suspended trading in the securities of American Retail Group (OTC:ARGB), raising concerns over the company’s statements about partnering with an SEC-qualified custodian for cryptocurrency transactions and conducting a token offering “officially registered in accordance to SEC requirements.” ARGB is a Nevada corporation with its principal place of business located in Las Vegas.
Overstock.com subsidiary Medici Ventures has made investments in blockchain-powered social network Minds.com. The distributed social networking service rewards users for promoting their content via cryptocurrencies.
The National Bank of Canada completed a pilot program in collaboration with CGI Group and blockchain startup Skuchain to improve and streamline the process for negotiating standby letters of credit and guarantees, the complex conditional agreements used by banks for securing financial transactions. The system enables the bank to provide trade finance services digitally to customers conducting business on a blockchain B2B solution.
Swissquote has become the world’s first bank to allow its customers to participate in initial coin offerings (ICOs) via its platform. The bank selected the Swiss-startup company LakeDiamond for the first ICO available on its platform.
ABN AMRO, the Port of Rotterdam Authority and Samsung SDS have formed a partnership to test blockchain technology for shipping. “The ultimate goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains,” according to a press statement.
Cryptocurrency Prices Today (As of 3:39 AM EST)
Bitcoin (BTC) is down 0.33% over the past 24 hours, trading at $6,473.76.
Ethereum (ETH) is trading at $202.84 in the morning, down 0.88% over a 24-hour period.
EOS is trading at $5.45, down 1.27% over the past 24 hours.
Ripple (XRP) is trading at $0.4536, down 1.54% over a 24-hour period.
Litecoin (LTC) is trading at $52.18, down 0.95% over a 24-hour period.
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