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Crypto Currencies See Diverse Signals, While XLM And BCH Raise Considerably

Crypto markets have seen mixed signals such as slight fluctuations, within almost the top 20 cryptocurrencies by market capitalization experience. XLM (Stellar) and BCH (Bitcoin Cash) had significant earnings of more than 3.5%, as per to CoinMarketCap.

Following a minor price bounce back, BTC (Bitcoin) failed to grip the $6,400 price point. The chief cryptocurrency was downward by around 0.4% and was trading at $6,348. The intraday soaring of BTC’s price had added up to $6,400, whereas, the minimum price point aggregated to $6,342. ETH (Ethereum) saw a gradual price drop from $201 to $199.5 intraday. The ALT (Altcoin) was down by 0.4% and was trading at $199.9. Previously, the Cointelegraph stated—based on the study by a group of analysts from the University of Maryland and Northeastern University—that ETH (Ethereum) smart contracts had a lack of diversity.

This deficiency in diversity reportedly had a risk to ETH blockchain ecosystem. XRP (Ripple)—the third major cryptocurrency by market capitalization—was also lightly down, with reporting price decreasing by around 0.6% intraday. The coin was trading at $0.455. The total market capitalization added to roughly $206 Billion and after reaching to $207 Billion, the total market capitalization saw a slight drop down and was drifting around $206 Billion.

Speaking of cryptocurrency, recently, the BofA (Bank of America)—the second-largest US bank—won a patent for the crypto storage system. In recent times, banks have seen getting around their bets or even completely integrating cryptocurrencies. The BofA has persisted to lead the way, with now getting secured its new patent in the blockchain and in addition to crypto space, one for “tamper-responsive” private keys remote storage. As per the patent filing, the issue with current storage techniques for private crypto keys was “such devices do not offer for a real-time reply to such violations.” The patent reports that the enormous majority of personal keys are hoarded in regular consumer-grade devices and susceptible to being stolen by an individual that needs to seize a user’s identity.”