Friday, September 25, 2020

China brings out the big guns for CBDC’s testing, Craig’s lone advocate misinterprets judgment: Crypto In-Shorts

The Takeaway:

28 August 2019. 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

China’s cryptocurrency, CBDC (Central Bank Digital Currency) with the support from the People’s Bank of China, one of the largest banks in the world, is set to launch. 6 other institutions- Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China, Alibaba, UnionPay, and Tencent- will be offered the currency for its initial testing.

Calvin Ayre erroneously inferred the $5 billion judgment against Craig Wright as confirmation for Wright being Nakamoto. Court’s official transcripts state- “First, the Court is not required to decide, and does not decide, whether Defendant Dr. Craig Wright is Satoshi Nakamoto, the inventor of the Bitcoin cybercurrency.”

Bitcoin Price

Current Bitcoin Price – $10,248.05

Bitcoin opened at a price of $10,372.83. The fluctuations drove it to the lowest value of $10,087.30 and the highest value of $10,381.33 in 24 hours. Bitcoin closed at $10,185.50 and saw a decrease of 1.81% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 48.32%.

Ethereum Price

Current Ethereum Price – $187.42

Ethereum opened at $188.95. The fluctuations drove it to the lowest value of $185.47 and the highest value of $188.96 in 24 hours. Ethereum closed at $187.52 and saw a decrease of 0.76% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 86.81%.

Cardano Price

Current Cardano Price – $0.048868

Cardano opened at $0.049706. The fluctuations drove it to the lowest value of $0.048180 and the highest value of $0.049950 in 24 hours. Cardano closed at $0.049839 and saw an increase of 0.27% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.24%.

 

Bitcoin Market Cap

The day ended with $181,825,938,463 for the Bitcoin Market Cap.

Ethereum Market cap

The day ended with $20,060,342,676 for the Ethereum Market Cap.

Cardano Market cap

The day ended with $1,272,689,837 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $13,712,043,806

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $5,829,583,777

Cardano Trading Volume

The 24-hour trading volume of Cardano – $47,480,486

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 8,180 BTC ($82,911,260) transferred from an Unknow wallet to another Unknown wallet. Transaction ID: 5f0646fd1568b2692df55a0cedfdffea659ea861305c71eedce42427d4c4201a
  2. 10,000,000 USDC ($9,961,732) transferred from an Unknow wallet to another Unknown wallet. Transaction ID: 0x3ffd1b0ca17f560300e9b7384f15271d6be8f238579849cd5e3468ca59a3f22a
  3. 6,000,000 USDT ($5,980,848) transferred from Tether treasury to an Unknown wallet. Transaction ID: 0xd602890fd8e1240ba6d8a75b19f8ecd4b28995f1c911003f4dd6249e37b49b7c

Crypto controversy

A visual representation of bitcoin’s volatility disrupting altcoins

What to expect today?

Sygnum recently received the world’s first crypto banking license, as reported yesterday, and is already aiming for the stars. Today Bloomberg stated that Sygnum hopes to attain a banking license from Singapore, its potential target.

Is mainstream adoption of crypto imminent?

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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.

Glenn Harper
Glenn Harper
Glenn has only two interests: Bitcoin and Aviation. After completing his graduation from San Diego State University in 2006, Glenn started working in the airlines and aviation industry. Aviation was his only passion before he came to know about bitcoin in 2012 after which he decided to dedicate 8 hours of his day for aviation and 8 hours for learning and writing about bitcoin and the technology behind it. Glenn lives with his wife and a 7-year-old son who mines ethereum on his computer and is also quite passionate about cryptocurrencies.

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