Wednesday, September 30, 2020

Kik discontinues its messaging app, BTC hashrate slumps- Crypto In-Shorts

The Takeaway:

24th 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!

ADVERTISEMENTKillerlaunch domains

Crypto bulletin

International authorities should unite to regulate Libra: Bank of Japan’s governor

In a business event in Osaka, Haruhiko Kuroda, addressed and urged international authorities to unite to regulate stablecoins like Libra. If launched, Bank of Japan’s governor said, Libra will have a drastic impact on society.

 

Only 72 contracts traded on Bakkt

Bakkt had a disappointing launch and ended the day with the trade of only 72 bitcoin contracts. Experts believe that the first day is not an accurate indicator of Bakkt’s impact on bitcoin as most regulated futures contracts have a slower adoption in the beginning.

 

China denies the November launch of its crypto

PBOC governor, Yi Gang dismissed the speculations concerning the CBDC backed cryptocurrency’s launch in November. The bank rejected the claims that the coin is replacing Yuan in the retail sector. The official digital currency will follow every necessary regulation before coming into practice. 

 

Kik is ready to kick back the allegations

Kik CEO, Ted Livingston has announced their decision of fighting SEC to resolve the charges of conducting an illegal ICO. The messaging app will be shut down and work towards converting the Kin users into Kin buyers with a reduced team of only 19 people.

 

The record high hash rate ends for Bitcoin

After sustaining the all-time high hashrate throughout the summer, Bitcoin’s hash rate has collapsed with a sudden 40%. The reason behind the massive drop remains unknown. The rate crashed from a whooping 166.6PH/S to 57.7PH/S.

 

Bitcoin Price

Current Bitcoin Price – $9,733.25

Yesterday, Bitcoin opened at a price of $10,067.96. The fluctuations drove it to the lowest value of $9,727.14 and the highest value of $10,074.24 in 24 hours. Bitcoin closed at $9,729.32 and saw a decrease of 3.36% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 49.85%.

Ethereum Price

Current Ethereum Price – $197.31

Yesterday, Ethereum opened at $211.71. The fluctuations drove it to the lowest value of $201.89 and the highest value of $211.84 in 24 hours. Ethereum closed at $201.92 and saw a decrease of 4.63% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 85.21%.

 

Ripple Price

Current Ripple Price – $0.267864    

Yesterday, Ripple opened at $0.278602. The fluctuations drove it to the lowest value of $0.268575 and the highest value of $0.286114 in 24 hours. Ripple closed at $0.268675 and saw a decrease of 3.56% throughout the day.

The crypto coin is still below its all-time high value of $3.84 by 92.54%.

 

Litecoin Price

Current Litecoin Price – $66.67    

Yesterday, Litecoin opened at $72.61. The fluctuations drove it to the lowest value of $64.33 and the highest value of $74.05 in 24 hours. Litecoin closed at $66.85 and saw a decrease of 7.93%throughout the day.

The crypto coin is still below its all-time high value of $375.29 by 80.26%.

 

Cardano Price

Current Cardano Price – $0.045617    

Yesterday, Cardano opened at $0.049045. The fluctuations drove it to the lowest value of $0.046264 and the highest value of $0.049555 in 24 hours. Cardano closed at$0.046264 and saw a decrease of 5.67% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.27%.

 

Bitcoin Market Cap

The day ended with $174,753,759,112 for the Bitcoin Market Cap.

 Ethereum Market cap

The day ended with $21,284,607,798 for the Ethereum Market Cap.

 Ripple Market cap

The day ended with $11,539,585,693 for the Ripple Market Cap.

 Litecoin Market cap

The day ended with $4,221,640,880 for the Litecoin Market Cap.

Cardano Market cap

The day ended with $1,182,718,272 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $16,175,688,420

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $8,280,688,260    

Ripple Trading Volume

The 24-hour trading volume of Ripple – $1,669,751,643    

Litecoin Trading Volume

The 24-hour trading volume of Litecoin – $3,408,254,808    

Cardano Trading Volume

The 24-hour trading volume of Cardano – $78,385,421    

Whale alerts

Crypto enthusiasts beware of these whales

  1. 250,000,000 XRP ($67,045,052) transferred from an Unknown wallet to another wallet. Transaction ID: AEF3F3163E2FF7117307EC2F9117624257838C675270AC0F5B81C13B0D33D4CB
  2. 3,945,692,700 TRX ($65,627,376) transferred from Bittrex to Bittrex. Transaction ID: aea50d115a766970ad43a0bbdbd824c7712e68c64a9bf48978b5499ea75fc281
  3. 1,500 BTC ($14,682,638) transferred from an Unknown wallet to Coinbase. Transaction ID: d73525c362a7b1a4fd7f57e51712aaa5bd7430b5fde285bae137af6a687bc9e9

 

Crypto controversy

Visual representation of institutional money backing Bitcoin. 

 

What to expect today?

Bitcoin’s hashrate at the time of writing wads 67,383,654 TH/s which is a significant drop from 102,848,753 TH/s, it’s all-time high. The record-breaking hash rate was achieved on 18th September 2019 and was an indicator for the bullish trends. What does the sudden slump suggest for Bitcoin’s future?

ADVERTISEMENTBtrz jokerbtc 728x90 en

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.

Harry Finnerty
Harry Finnerty
After completing his graduation from Strayer University, Harry started to work in the real estate industry. However, soon he realized that his real interest is in the financial industry and once he came to know about bitcoin and the technology behind it, he dedicated his life to understand and write about it.

Leave A Reply

Please enter your comment!
Please enter your name here