Friday, February 21, 2020

Is Venezuela’s enthusiastic adoption of crypto a bane for crypto?, Crypto Queen investigated by BBC- 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

Satowallet’s $1 million exit scam 

Business Times report indicates the involvement of Satowallet, a cryptocurrency wallet, in a $1 million exit scam. The company also had an exchange platform called SatowalletEX and blamed scammers for absconding with the funds while their website was under maintenance. 

Venezuela eager to adopt crypto

Venezuela’s government is researching whether it can hodl bitcoin and ethereum in its international reserves or not. The crypto community is divided between the bullish and bearish aspects of this development. Twitter users are worried that this move might force Trump to ban crypto in the name of national security.

Fintech industry follows a surge ahead of China’s cryptocurrency’s launch

Following the news of China’s cryptocurrency launch, its fintech industry has seen tremendous growth. CSI and Beijing Certificate Authority’s shares have seen 50% and 200% growth, respectively.

BBC investigates the Crypto queen 

BBC documents the investigation of the Crypto queen, Ruja Ignatova, who executes a $4 billion exit scam. The swindler is indicted with money laundering and absentia by the US Department of Justice for selling a non-existent cryptocurrency.

 

Bitcoin Price

Current Bitcoin Price – $8,056.99

Yesterday, Bitcoin opened at a price of $8,487.67. The fluctuations drove it to the lowest value of $7,895.63 and the highest value of $8,515.69 in 24 hours. Bitcoin closed at $8,118.97 and saw a decrease of 4.34% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 57.61%.

 

Ethereum Price

Current Ethereum Price – $166.24    

Yesterday, Ethereum opened at $170.76. The fluctuations drove it to the lowest value of $157.13 and the highest value of $171.69 in 24 hours. Ethereum closed at $166.73 and saw a decrease of 2.36% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 88.01%.

 

Ripple Price

Current Ripple Price – $0.240092

Yesterday, Ripple opened at $0.246448. The fluctuations drove it to the lowest value of $0.234037 and the highest value of $0.250457 in 24 hours. Ripple closed at $0.243784 and saw a decrease of 1.08% throughout the day.

The crypto coin is still below its all-time high value of $3.84 by 93.47%.

 

Litecoin Price

Current Litecoin Price – $55.12

Yesterday, Litecoin opened at $57.66. The fluctuations drove it to the lowest value of $51.84 and the highest value of $57.83 in 24 hours. Litecoin closed at $55.54 and saw a decrease of 3.67% throughout the day.

The crypto coin is still below its all-time high value of $375.29 by 84.59%.

 

Cardano Price

Current Cardano Price – $0.038163

Yesterday, Cardano opened at $0.039412. The fluctuations drove it to the lowest value of $0.035643 and the highest value of $0.040287 in 24 hours. Cardano closed at $0.038229 and saw a decrease of 3.00% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.97%.

 

Bitcoin Market Cap

The day ended with $144,706,854,504 for the Bitcoin Market Cap.

 Ethereum Market cap

The day ended with $17,939,760,477 for the Ethereum Market Cap.

 Ripple Market cap

The day ended with $10,343,186,440 for the Ripple Market Cap.

 Litecoin Market cap

The day ended with $3,491,708,300 for the Litecoin Market Cap.

Cardano Market cap

The day ended with $989,453,081 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $19,950,142,943

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $8,454,433,294    

Ripple Trading Volume

The 24-hour trading volume of Ripple – $1,518,284,378    

Litecoin Trading Volume

The 24-hour trading volume of Litecoin – $2,828,138,381

Cardano Trading Volume

The 24-hour trading volume of Cardano – $101,325,922

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 160,000 ETH ($26,624,468) transferred from Bittrex to Upbit. Transaction ID: 0xde7526eb8498808954d5f2684351b76c79ca4b00945f6961fd60f5d59f5f7e9c
  2. 10,000,000 USDT ($10,047,485) transferred from Poloniex to Tether Treasury. Transaction ID: f84953f41b92a462659fda65ef596de085c1127d73eefe07f986ca140a0e53f7
  3. 10,000,000 USDT ($10,000,849) transferred from Tether Treasury to Poloniex. Transaction ID: 5fa44db121dd4cbab2226b328825f67f6d04d180831aa163b3d3a8af1efd1d2b

 

Crypto controversy

Hodler vs. crypto traders 

What to expect today?

 Bitcoin is trading at $7,900, and analysts suggest an upward rise in the price if it closes above the $8,200 resistance.

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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.

Jesse Kirby
Jesse Kirby
Since his childhood days, Jesse was fond of writing and learning new things. He developed a special interest in bitcoin back in 2011 and started to get deep into the crypto space. After completing his masters degree from Bnos Menachem School, New York, Jesse became a full time writer and crypto analyst.

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