Monday, March 30, 2020

BitGo launches staking service, BTC falls below $8,300 – Crypto In-Shorts

The Takeaway:

Are you tired of scouring the web for the latest crypto-updates? Enter the world of Crypto In-shorts on Chaintimes and find all you need!

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Crypto bulletin

RBI freezes account with crypto money

The Indian Police failed to move seized crypto following India’s Anti-Crypto Law. The police of Pune have sought a court’s directive for the transfer of Rs. 8.42 crore, which was converted into INR from the 244.0925 units of cryptocurrency caught from an accused in the Gain bitcoin Ponzi scheme. The Central Bank of India could not transfer the money to the State Bank of India as RBI froze the account.

 

BitGo launches new services

BitGo has launched a staking service for its users who store their assets with BitGo Trust. As revealed, the new facility will initially support altcoins Dash and Algorand and aims to support more crypto in the future. The platform has acquired Hedge, a specialized firm in the development of staking infrastructure. 

 

Horowitz set to open crypto school

Andreessen Horowitz (a16z), the venture capital firm, is set to open a school specialized in startups to develop cryptocurrency-related projects. As per the announcement, Horowitz states that the school will be launched to encourage more entrepreneurs to begin cryptocurrency projects. It will also help the crypto-curious builders to navigate the idea maze.

 

Bitcoin Price

Current Bitcoin Price – $8,200.29

Yesterday, Bitcoin opened at a price of $8,390.77. The fluctuations drove it to the lowest value of $8,146.44 and the highest value of $8,414.23 in 24 hours. Bitcoin closed at $8,259.99 and saw a decrease of 1.56% throughout the day.                                

The crypto coin is still below its all-time high value of $20,089.00 by 58.23%.

Ethereum Price

Current Ethereum Price – $175.66

Yesterday, Ethereum opened at $ 180.70. The fluctuations drove it to the lowest value of $172.60 and the highest value of $180.80 in 24 hours. Ethereum closed at $175.20 and saw a decrease of 3.05% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 87.38%

Ripple Price

Current Ripple Price – $0.252916

Yesterday, Ripple opened at $0.253457. The fluctuations drove it to the lowest value of $0.244366 and the highest value of $0.253503 in 24 hours. Ripple closed at $0.247860 and saw a decrease of 2.21% throughout the day.

The crypto coin is still below its all-time high value of $3.84 by 93.39%.

Litecoin Price

Current Litecoin Price – $57.25

Yesterday, Litecoin opened at $56.53. The fluctuations drove it to the lowest value of $54.84 and the highest value of $56.91 in 24 hours. Litecoin closed at $56.55 and saw an increase of 0.02% throughout the day.

The crypto coin is still below its all-time high value of $375.29 by 84.93%.

Cardano Price

Current Cardano Price – $0.038858

Yesterday, Cardano opened at $0.039400. The fluctuations drove it to the lowest value of $0.037876 and the highest value of $0.039728 in 24 hours. Cardano closed at $0.038361 and saw a decrease of 2.63% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 97.03%.

 

Bitcoin Market Cap

The day ended with $147,381,684,528 for the Bitcoin Market Cap.

 Ethereum Market cap

The day ended with $18,972,757,437 for the Ethereum Market Cap.

 Ripple Market cap

The day ended with $10,906,180,355 for the Ripple Market Cap.

 Litecoin Market cap

The day ended with $3,629,088,627 for the Litecoin Market Cap.

Cardano Market cap

The day ended with $1,007,470,763 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $14,197,063,372

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $6,535,735,004

Ripple Trading Volume

The 24-hour trading volume of Ripple – $1,121,477,301

Litecoin Trading Volume

The 24-hour trading volume of Litecoin – $2,474,782,833    

Cardano Trading Volume

The 24-hour trading volume of Cardano – $42,463,973

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 1,850 BTC ($14,894,667 USD) transferred from Coinbase to Unknown Owner 24. Transaction ID: 490ac6286fcc104d03c949bbc587b355fad21c71ef8d92fb5b136225760e6a76
  2. 1,215 BTC ($9,950,937 USD) transferred from Okex to an Unknown wallet. Transaction ID: 937d76e4fe261e1f1f53737d1aad29d2321fc0f0ecf8cb04ded66745faab9eb9
  3. 1,000 BTC ($8,086,707 USD) transferred from an Unknown wallet to Okex. Transaction ID: 55aa12000039321f319dc5d54f6ee827cb562ed764bbe54c57a60f4294ba0c2a

Crypto controversy

Coinbase Pro will implement an increase in the fee structure.

Coinbase Pro increases fee to 0.5% per trade. from r/CryptoCurrency

 

What to expect today?

Bitcoin faces a slump, witnesses strong resistance at $8,300. The crypto coin might fail to see a significant hike as predictions execute a continuation in the downfall.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Cheng Wei Chan
Cheng Wei Chan
Cheng is an AI & APP Engineer based in Taipei City, Taiwan. After completing his graduation in Computer Science from National Taiwan University, he dedicated his life into researching and writing about technologies such as blockchain, cryptocurrency, artificial intelligence and application development.

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