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.”
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%.
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%.
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
Crypto enthusiasts beware of these whales
- 8,180 BTC ($82,911,260) transferred from an Unknow wallet to another Unknown wallet. Transaction ID: 5f0646fd1568b2692df55a0cedfdffea659ea861305c71eedce42427d4c4201a
- 10,000,000 USDC ($9,961,732) transferred from an Unknow wallet to another Unknown wallet. Transaction ID: 0x3ffd1b0ca17f560300e9b7384f15271d6be8f238579849cd5e3468ca59a3f22a
- 6,000,000 USDT ($5,980,848) transferred from Tether treasury to an Unknown wallet. Transaction ID: 0xd602890fd8e1240ba6d8a75b19f8ecd4b28995f1c911003f4dd6249e37b49b7c
A visual representation of bitcoin’s volatility disrupting altcoins
Bitcoin volatility vs. altcoins https://t.co/U6LQo4yagf
— Sherpa (@ShitcoinSherpa) August 28, 2019
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?