Daily update: September 14th, 2021

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Here you will find our daily update, which will provide you with all the main information and events on the crypto markets for the previous day.

Crypto market update

Bitcoin attempted a recovery but was rejected on numerous occasions at around $47,000. Yesterday the situation changed for a while, when reports came claiming that Walmart has partnered with Litecoin. The markets reacted immediately, with BTC surging from $44,500 to a daily high of just under $47,000. However, the news turned out to be fake, and Bitcoin retreated rapidly, loosing more than $3,000 of value in minutes bottoming at $43,400. Altcoins copiedBTC’s performance yesterday. The cumulative market cap of all crypto assets, which pumped and dumped by billions yesterday, is now up to nearly $2.1 trillion.

Bitcoin (BTC) is now trading at 46,004 USD (all data from Coingecko.com)

Ethereum (ETH) is now at 3,339 USD

PlatonCoin (PLTC) is now at 0,511 USD

Total marketcap is currently at 2.169 trillion USD

Tip: Can age play a role in how you understand cryptocurrencies?

Daily news update

Cardano and smart contracts: Cardano, the third-biggest blockchain by market cap, on Sunday, September 12th, successfully executed the Alonzo hard fork, an upgrade to give the blockchain ‘smart contract’ functionality, which gives developers the ability to create decentralized apps with advanced use-cases. Within 24 hours, the platform saw over 100 smart contracts run on the network, with its first decentralized application also already deployed.

Google and Dapper Labs: Canadian blockchain company Dapper Labs, which is mainly known for its NBA Top Shot card trading system, has scored a major partnership with internet search behemoth Google, Forbes reports. Dapper Labs will leverage the tech giant’s cloud computing services to scale its Flow blockchain.

Coinbase raising 1,5 bln. USD: Coinbase announced yesterday, that it would be raising $1.5 billion, through a debt offering. America’s largest exchange is looking to bolster its balance sheet through low-cost capital and for general corporate purposes. Coinbase will be offering $1.5 billion aggregate principal amount of the company’s Senior Notes due 2028 and 2031.

Morgan Stanley and crypto: The financial services giant and investment bank Morgan Stanley announced a new crypto research team. In addition, the firm announced Sheen Shah as the head of that team. This comes as many major Wall Street companies continue their push into the digital assets’ arena.

Ernst & Young and Polygon: Ernst & Young, one of the Big Four consulting multinationals, announced today it has integrated India-based Polygon, a Layer 2 Ethereum scaling solution, to allow its corporate clients to process blockchain-based transactions on the Ethereum mainnet.

Real estate company accepts bitcoins: Magnum Real Estate Group will sell three ground-floor stores valued at $29 million as part of a luxury residential project in Manhattan, making it the latest commercial building in New York City to accept the digital asset

Central bank of Nigeria and CBDC: As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.”

Deutsche bourse and crypto: Eurex, a derivatives exchange owned by German stock market operator Deutsche Boerse, has debuted cryptocurrency derivatives trading with ETC Group’s Bitcoin (BTC) exchange-traded note (ETN) futures product. Eurex officially announced Monday the launch of the Bitcoin ETN Futures contract developed by London-based crypto derivatives issuer ETC Group.

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