Saturday, October 19, 2019

Wells Fargo announces its stablecoin, Google claims to have attained Quantum supremacy- Crypto In-Shorts

The Takeaway:

21st 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

Overstock’s ex-CEO stocking on Crypto

Patrick Byrne has sold his portion of Overstock shares and resigned from the company’s CEO position. $90 million acquired with the sale of shares will be invested in Gold, silver, and cryptocurrencies.

Bitcoin- Savior of inflation ridden countries

Venezuela is afflicted with a prolonged inflation crisis that has led to over 3 million Venezuelans leaving the country. The monthly inflation rate is over 50%, and it shows no signs of ceasing. Bitcoin, an independent digital currency, has gained popularity among the citizens and is being used to buy daily essential products.

Wells Fargo will launch its own stablecoin 

Wells Fargo, a banking giant based in the US, has announced the launch of a stablecoin that will enable faster and cheaper cross border settlements. The dollar-linked coin will run on the company’s blockchain that is claimed to be swifter and more efficient than SWIFT.

Google claims to have reached Quantum Supremacy

Financial Times reported that Google posted a document-“Quantum supremacy” on NASA’s website before it was taken down. Google claimed to have created a quantum processor that was capable of performing a calculation in under 4 minutes that would take Summit, the most advanced supercomputer, 10,000 years.

New incentive plan for TRON – Justin Sun

Justin Sun, TRON’s CEO, took to Twitter to announce new staking plans for TRON’s network. These developments hope to make the network more decentralized and improve its incentive system.

 

Bitcoin Price

Current Bitcoin Price – $10,075.50

Yesterday, Bitcoin opened at a price of $10,266.32. The fluctuations drove it to the lowest value of $10,132.19 and the highest value of $10,285.87 in 24 hours. Bitcoin closed at $10,181.64 and saw a decrease of 0.82% throughout the day. 

The crypto coin is still below its all-time high value of $20,089.00 by 48.79%.

 

Ethereum Price

Current Ethereum Price – $216.35

Yesterday, Ethereum opened at $221.07. The fluctuations drove it to the lowest value of $215.16 and the highest value of $221.60 in 24 hours. Ethereum closed at $218.05 and saw a decrease of 1.37% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 84.53%.

 

Ripple Price

Current Ripple Price – $0.291599

Yesterday, Ripple opened at $0.302455. The fluctuations drove it to the lowest value of $0.288729 and the highest value of $0.288729 in 24 hours. Ripple closed at $0.294470 and saw a decrease of 2.64% throughout the day.

The crypto coin is still below its all-time high value of $3.84 by 92.48%.

 

Litecoin Price

Current Litecoin Price – $74.44

Yesterday, Litecoin opened at $76.96. The fluctuations drove it to the lowest value of $73.87 and the highest value of $77.05 in 24 hours. Litecoin closed at $75.15 and saw a decrease of 2.35% throughout the day.

The crypto coin is still below its all-time high value of $375.29 by 79.46%.

 

Cardano Price

Current Cardano Price – $0.052752    

Yesterday, Cardano opened at $0.052491. The fluctuations drove it to the lowest value of $0.050520 and the highest value of $0.052557 in 24 hours. Cardano closed at $0.052340 and saw a decrease of 0.29% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.04%.

 

Bitcoin Market Cap

The day ended with $180,842,393,529 for the Bitcoin Market Cap.

 Ethereum Market cap

The day ended with $23,329,562,512 for the Ethereum Market Cap.

 Ripple Market cap

The day ended with $12,554,816,410 for the Ripple Market Cap.

 Litecoin Market cap

The day ended with $4,712,201,553 for the Litecoin Market Cap.

Cardano Market cap

The day ended with $1,367,716,102 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $14,155,575,008    

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $7,857,364,049

Ripple Trading Volume

The 24-hour trading volume of Ripple – $1,436,671,464

Litecoin Trading Volume

The 24-hour trading volume of Litecoin – $2,915,272,254    

Cardano Trading Volume

The 24-hour trading volume of Cardano – $97,042,386    

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 4,923 BTC ($50,062,540) transferred from an Unknown wallet to another Unknown wallet. Transaction ID: 6fb18c4c3f6b08cc9b5276a5145aafb362e0c0251a0ead45b779b3e340126971
  2. 4,923 BTC ($50,210,372) transferred from an Unknown wallet to another Unknown wallet. Transaction ID: 0da5ca0eb5cf315e8866c21a954e967ecb79f06e43e6b851c838fdd6b27fb018
  3. 311,819,700 XLM ($22,905,868) transferred from Binance to an Unknown wallet. Transaction ID: 12f77a36a34803aa44374bdcb1ed5a25765a76f91ead245551477f7fcba35c3c

 

Crypto controversy

Hilarious ad on my Instagram selling facebook’s Libra starring zuck from r/CryptoCurrency

What to expect today?

BTC opened the day at $10,100 and traded sideways for a while, but has been following a downward trend since. Will the weekend revive bitcoin or is it going to see $9,000 again?

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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.

Charles Carter
Charles Carter
Charles is an experienced researcher with a Master of Public Administration degree from Humber College, Canada. Apart from being fascinated about blockchain and cryptocurrencies, he loves to drive around the town in his collection of cars.

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