$ 1 billion in stable Cryptocurrencies

Bitcoin ends the quarter down 10%, but it does better than the stock markets

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1 Bitcoin ends the quarter down 10%, but it does better than the stock markets

2 The exchanges store $ 1 billion in stable cryptocurrencies

3 Australian National University offers blockchain courses in partnership with Ripple

As of March 31, Bitcoin ended the first quarter of 2020 with a negative return of 10%. Cryptocurrency is trading around $ 6,300 and has a market cap of about $ 115 billion.

By comparison, the Dow index ended the first quarter with a decrease of 23% while the S&P 500 fell by 20%. This evolution occurred despite the Federal Reserve’s efforts to support stock markets severely affected by the COVID-19 pandemic.

In an interview with CNBC, Vijay Ayyar, director of development of the crypto exchange Luno, said:

“Bitcoin is still a relatively small asset class, which is increasingly uncorrelated with traditional asset classes. This statute is in the process of being established at present. This is why I think the current market environment is a big test for Bitcoin and, given how young the asset class is, it has actually evolved quite well. ”

The exchanges store $ 1 billion in stable cryptocurrencies

A TokenAnalyst analysis reveals that major exchanges currently store over $ 1 billion in stable cryptocurrencies. Binance holds the largest amount, followed by other platforms such as Poloniex, KuCoin, Bittrex and Bitfinex.

Binance’s stable cryptocurrency, BUSD, has tripled its market cap on March 1, from $ 68 million to $ 181 million. Huobi USD (HUSD) also doubled its market cap from $ 78 million to $ 136 million.

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The record is still held by Tether (USDT), which surpasses all stable cryptocurrencies on the market. Skew a reported on March 31 that Tether’s stablecoin rose to over $ 6 billion.

Australian National University offers blockchain courses in partnership with Ripple

Ripple has partnered with Australian National University (ANU) to offer new blockchain courses. These will be part of a master’s program that will show how blockchain technology affects the legal field. One of the topics addressed will be how smart contracts could automate many of the existing legal processes.

The courses are part of the Blockchain Research Initiative (UBRI) launched by Ripple. The main objective behind it is to work with educational institutions and to see what the impact of ledger technology is distributed around the world.