Support, don’t oppose: Chief of the International Monetary Fund
European Central Bank’s presidential nominee, Christine Lagarde favored cryptocurrencies and considered it prudent for the banks and regulators to welcome digital currencies. Lagarde, the current chief of the International Monetary Fund, criticized the shutting down of crypto markets and encouraged regulations to reap the benefits of this technology.
Pay extra fees, pal
Paypal, an online money transfer company, has been overcharging its customers on cross-currency and global transactions. Tone Vays, a derivative trader, brought Paypal’s fleecing to light in a tweet and asserted that the surcharge would bring the company’s downfall.
PepCoin’s excitement fizzled out
PepCoin’s trademark obtainment by Pepsi in April 2019, led the crypto industry to believe it was developing a cryptocurrency. Disheartening truth, recently, revealed the PepCoin as a loyalty program award.
Bakkt backed by $125 million
Bakkt, recently, announced the protection of all bitcoin deposits in their warehouse with a $125 million insurance. The launch of physically delivered bitcoin futures is less than two weeks away.
SWIFT criticism of cryptocurrencies
All cryptocurrencies are useless and unstable, according to an unidentified SWIFT spokesperson. The Society for Worldwide Interbank Financial Telecommunication’s spokesman criticized all digital coins in a breakfast briefing in London.
Crypto not so cryptic anymore
An Indian show, based on Who Wants to Be a Millionaire?, relayed information about cryptocurrencies through one of its questions on Monday. This broadcast to 1.3 billion Indians was brought to the attention of the crypto industry by Warzix’s CEO, Nischal Shetty.
Current Bitcoin Price – $10,255.86
Yesterday, Bitcoin opened at a price of $10,443.23. The fluctuations drove it to the lowest value of $10,144.93 and the highest value of $10,450.31 in 24 hours. Bitcoin closed at $10,334.97 and saw a decrease of 1.04% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 47.97%.
Current Ethereum Price – $180.68
Yesterday, Ethereum opened at $181.36. The fluctuations drove it to the lowest value of $177.42 and the highest value of $184.15 in 24 hours. Ethereum closed at $181.15 and saw a decrease of 0.12% throughout the day.
The crypto coin is still below its all-time high value of $1,432.88 by 87.14%.
Current Cardano Price – $0.047329
Yesterday, Cardano opened at $0.046706. The fluctuations drove it to the lowest value of $0.045501 and the highest value of $0.047211 in 24 hours. Cardano closed at $0.046931 and saw an increase of 0.48% throughout the day.
The crypto coin is still below its all-time high value of $1.33 by 96.45%.
Bitcoin Market Cap
The day ended with $184,538,068,025 for the Bitcoin Market Cap.
Ethereum Market cap
The day ended with $19,659,281,874 for the Ethereum Market Cap.
Cardano Market cap
The day ended with $1,246,506,665 for the Cardano Market Cap.
Bitcoin Trading Volume
The 24-hour trading volume of Bitcoin – $16,892,850,647
Ethereum Trading Volume
The 24-hour trading volume of Ethereum – $7,096,843,460
Cardano Trading Volume
The 24-hour trading volume of Cardano – $64,206,375
Crypto enthusiasts beware of these whales
- 100,000,000 XRP ($25,945,726) transferred from an Unknow wallet to another Unknown wallet. Transaction ID: 10A09E52ADA2E26931B12F5FBED53A4AF1C2A6BEA3353D025FCD7595D3EFE922
- 50,000,000 XRP ($13,063,128) transferred from an Unknow wallet to another Unknown wallet. Transaction ID: AFB57E45CF157F0F5079BBA9B052719C3090C7B72D9FA64E8955D165F6B6A1B5
- 9,999,998 USDT ($10,056,909) transferred from Huobi to Bitfinex. Transaction ID: 0x6934e9ebb2783ea88605bbc6d21e94146d471ded9f90e1150f505d1aef97bc36
Bearish outlook of a twitter user on Bakkt’s launch
— OTrading (@otradingtv) September 9, 2019
What to expect today?
BTC hash rate reached its all-time high of 94,779,758 million TH/s. Hash rate’s 66% growth over the last year reflects the health of the network. Does this indicate a bullish trend?