Thursday, April 9, 2020

Investments declining in the crypto sector, BTC stuck in a limbo- Crypto In-Shorts

The Takeaway:

17th September 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

Russian hockey player detained over crypto scam

Russian Ice hockey winger, Igor Musatov is charged for an $800,000 cryptocurrency fraud and sentenced to one month of imprisonment. The former player is accused of deceiving the CEO of an IT company while making a deal related to bitcoins.

Facebook executive declines Libra’s threat to monetary sovereignty

David Marcus, in a tweet, clarified that Libra is designed to improve payment network and doesn’t pose any threat to the fiscal sovereignty of nations. Libra has been under regulations since its announcement. David stated that they would continue to address the concerns of Regulators and central banks.

21-year-old Australian charged for million-dollar crypto scam

Jasmine Vella-Arpaci has been accused of 53 counts of fraud and thefts. Mother to an infant, the young scammer is reportedly charged for shipping millions of dollars through the use of cryptocurrencies. Although granted bail, Jasmine will appear before the court on 11th February 2020.

Investments in blockchain and crypto see a descending pattern.

PwC has reported a fall in crypto and blockchain investments. When compared, the ICOs in 2018 raised around six billion dollars, whereas, the amount raised this year was rounded up to $346 million. 

FATF orders crypto exchanges to disclose users’ data

Under FATF’s new guidelines, the crypto exchanges must unveil their customers’ data to other financial institutions if any transaction is equal or above $1000. With the implementation of this rule, the force aims to bring crypto trading platforms under the same category as traditional financial institutes.

 

Bitcoin Price

Current Bitcoin Price – $10,217.19

Yesterday, Bitcoin opened at a price of $10,347.22. The fluctuations drove it to the lowest value of $10,189.74 and the highest value of $10,386.87 in 24 hours. Bitcoin closed at $10,276.79 and saw a decrease of 0.68% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 48.28%.

Ethereum Price

Current Ethereum Price – $199.01

Yesterday, Ethereum opened at $189.69. The fluctuations drove it to the lowest value of $189.69 and the highest value of $198.20 in 24 hours. Ethereum closed at $197.11 and saw an increase of 3.91% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 86.16%.

Cardano Price

Current Cardano Price – $0.047555

Yesterday, Cardano opened at $0.046815. The fluctuations drove it to the lowest value of $0.046099 and the highest value of $0.047662 in 24 hours. Cardano closed at $0.047071 and saw an increase of 0.55% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.41%.

 

Bitcoin Market Cap

The day ended with $183,306,288,475 for the Bitcoin Market Cap.

Ethereum Market cap

The day ended with $21,448,884,551 for the Ethereum Market Cap.

Cardano Market cap

The day ended with $1,232,969,213 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $15,131,532,907

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $8,310,218,894-

Cardano Trading Volume

The 24-hour trading volume of Cardano – $54,689,162

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 2,001 BTC ($20,219,646) transferred from Okex to an Unknown wallet. Transaction ID: 16829df1635cda9f2a6c2145dc53fe01e5c306b2b99e9c96e68ef35ad4c7c47c
  2. 77,670 ETH ($14,675,117) transferred from an Unknown wallet to Huobi. Transaction ID: 0xcb11eea2e9ffca9dd29a8a6c219136878a10165921ad26f50da0c5260abd96f6
  3. 9,999,960 USDT ($10,056,645) transferred from an Unknown wallet to Bitfinex. Transaction ID: 0x22cab140fdae804a566ad7c83ba8aef5d7e2f7067ce5b78c183c5f56e50021b0

Crypto controversy

Silver watchdog compares bitcoin to the silver mania 

What to expect today?

BTC dropped to $10,100 before a transient recovery to $10,300. The price is currently struggling at $10,200. Will we see a higher closing price, or will it still be stuck in a limbo?

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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.

William Botello
William Botello
William is a market research coordinator who believes that blockchain technology and cryptocurrencies can revolutionize the financial landscape. He completed his studies in Arts and Sciences from Arizona State University.

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