Crypto bulletin
Reddit up to the hilt with shillsÂ
Subreddit r/cryptocurrency and r/crypto markets are inundated with shills according to an investigation by Redditor CryptoMaximalis. The 50 uncovered accounts, referred to as the “Dream Network,” were participating in Astroturfing and Vote Manipulation.
Litecoin reward halving leads to hashrate halvingÂ
Litecoin halving, in August, has almost halved the currency’s mining hashrate, as the “Lite” version of bitcoin struggled to maintain its price. The mining reward reduction from 25 to 12.5 LTC has forced miners to leave the network leading to a 40% reduction in the hashrate, according to Weiss Crypto Ratings.
Will US ban bitcoin?
US government’s ban on e-cigarettes led Thomas Lee, Co-founder of FSInsight and Fundstart, to issue a warning regarding executive orders. Lee suggested that though unlikely, Whitehouse has the power to ban anything, including Bitcoin.Â
Libra’s grim horoscopeÂ
Libra will not be permitted to function in Europe, according to Bruno Le Maire, the French Economy, and Finance Minister. France government made this declaration during the OECD conference on cryptocurrencies and regarded Libra as a threat to “monetary sovereignty.”
Bitcoin Price
Current Bitcoin Price – $10,119.53
Yesterday, Bitcoin opened at a price of $10,123.03. The fluctuations drove it to the lowest value of $9,980.78 and the highest value of $10,215.95 in 24 hours. Bitcoin closed at $10,178.37 and saw an increase of 0.55% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 49.14%.
Ethereum Price
Current Ethereum Price – $178.48
Yesterday, Ethereum opened at $179.84. The fluctuations drove it to the lowest value of $176.50 and the highest value of $181.76 in 24 hours. Ethereum closed at $178.73 and saw a decrease of 0.62% throughout the day.
The crypto coin is still below its all-time high value of $1,432.88 by 88.01%.
Cardano Price
Current Cardano Price – $0.044527
Yesterday, Cardano opened at $0.046496. The fluctuations drove it to the lowest value of $0.044586 and the highest value of $0.046639 in 24 hours. Cardano closed at $0.044990 and saw a decrease of 3.24% throughout the day.
The crypto coin is still below its all-time high value of $1.33 by 96.49%.
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Bitcoin Market Cap
The day ended with $181,453,480,935 for the Bitcoin Market Cap.
Ethereum Market cap
The day ended with $19,223,851,070 for the Ethereum Market Cap.
Cardano Market cap
The day ended with $1,154,462,879 for the Cardano Market Cap.
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Bitcoin Trading Volume
The 24-hour trading volume of Bitcoin – $14,059,598,924
Ethereum Trading Volume
The 24-hour trading volume of Ethereum – $6,671,314,881
Cardano Trading Volume
The 24-hour trading volume of Cardano – $50,576,523
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Whale alerts
Crypto enthusiasts beware of these whales
- 300,000,000 USDT ($301,019,200) transferred from Binance to Tether Treasury. Transaction ID:Â cb285911541181709c78f08f120bdce3e138aed476f9ea8ab8a6cd4e20207211
- 1,500 BTC ($15,076,299) transferred from Coinbase to an Unknown exchange. Transaction ID:Â a445e316b783764962618033f2e6407be38a434ceb3cff75de1b2eeb2daf887c
- 3,000,000 EOS ($11,079,538) transferred from an Unknown wallet to another Unknown wallet. Transaction ID:Â 8377d47ebc4bd3236381fdaf50ac8463044f4794faa48be48797cc63bb349036
Crypto controversy
How to maintain fake BTC price? Mint more Tether
💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 300,000,000 #USDT (301,043,937 USD) minted at Tether Treasury
— Whale Alert (@whale_alert) September 12, 2019
What to expect today?
Trends indicate a bearish winter as Bitcoin continues to trade at $10,000. Altcoins are struggling alongside BTC. Will we see a respite in the price in the coming days?
