Crypto News September 12: Bitcoin tries to recapture the $ 46,000 region with news from Ethereum, Ripple, Dogecoin, DeFiChain, Pledge, SafeMoon, NFT
From the perception that Bitcoin is trying to break through the $ 46,000 region again, to the TAOTAO exchange planning to list XRP. Here are some highlights from the crypto market.
The asset’s price has remained volatile since Tuesday’s crash that saw BTC lose $ 10,000 in just a few hours.
After Bitcoin fell from $ 53,000 to $ 43,000, Bitcoin immediately jumped into the $ 46,000 region. The accumulation took place over the next day or two before the cryptocurrency tried unsuccessfully to break through the $ 47,000 region.
On the contrary, the bears increased their activity and pulled the BTC price down. In the past 24 hours, Bitcoin has fallen to the $ 44,000 region. However, the market responded well to this decline after rising $ 2,000 but declining at $ 46,000.
BTC Price Chart | Source: TradingView
Currently, BTC is trading around the $ 45,900 zone and is trying to break the $ 46,000 zone one more time. Market cap is currently $ 864 billion while dominance has dropped to 40.91%.
Glassnode says the number of addresses with over 1000 ETH has just hit a 1-month low at 6,355.
The previous 1-month low was 6,356 as seen on September 7, 2021.
Previous 1-month low of 6,356 was observed on September 07, 2021
– Glasnode warnings (@glassnodealerts) September 12, 2021
The ETH balance on the Arbitrum Bridge has increased significantly.
Jin, author of How To DeFi & How to Bitcoin, said ETH balances on the Arbitrum Bridge have grown strongly in the past 12 hours, going from 180,000 to 480,000 ETH ($ 1.6 billion).
And used to be a very respectable bridge of ~ 170k $ ETH (in a single TX) happened too.
1 / x To some resources and what-dos, in case you are wondering how to proceed! pic.twitter.com/FLuZzeARXS
– Jin (@ Jin_8315) September 12, 2021
While the major U.S. exchange Coinbase is refusing to resume XRP trading after being suspended earlier this year, the major Japanese exchange will begin trading ripple-linked cryptocurrency.
– Canvas group (@Canvasjpn) September 12, 2021
According to the announcement, the TAOTAO cryptocurrency exchange plans to add XRP to the list of cryptocurrencies traded on September 22, after performing platform maintenance that day.
The exchange offers XRP trading pairs with Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
The owner of the Dogecoin developer account “Doge Whisperer” reminded the community of the importance of the Dogecoin 1.14.4 upgrade recently supported by Elon Musk.
On Aug. 30, Musk emphasized the importance of node upgrades that would make the network more secure and later lower transaction fees.
So far, 763 nodes have upgraded, according to Doge Whisperer’s tweet. But the network still needs many new nodes.
Elon Musk told me that it is important that we have our #dogecoin node
This will help secure the network and reduce transaction fees
We are currently at 763 knots and we are making good progress.
If you have an old node, upgrade to the latest version. The more new knots, the better! pic.twitter.com/mXzK2wHsuI
– Doge Whisperer (@TDogewhisperer) September 11, 2021
Nasdaq, the leading US exchange, has joined Finnhub, an API provider for the equity, currency and crypto markets, and Tiingo, a financial platform that provides price feeds and APIs for DeFiChain.
✍️ The partnership focuses on tokenization of exchange data using #DefiChain technology
– DeFi messages (@Definews_Info) September 12, 2021
With DeFiChain’s tokenized stock offering, users have the ability to buy shared stocks without buying the entire stock. With the advent of blockchain technology, these stocks can now be represented by a smart contract, recorded and executed over the blockchain, in this case the Bitcoin network.
The Pledge decentralized lending protocol has raised a $ 3 million investment in its cross-chain ecosystem with an emphasis on long-term funding.
– BitcoinAgile (@bitcoinagile) September 11, 2021
The investment round was led by DHVC, the Palo Alto-based venture capital company, with additional participation from members of UC Berkeley and Stanford University such as Ray Wong and Torsten Wendl.
The new funding will help support Pledge’s mission to be the leading crypto asset lending platform and pave the way for tokenized real financial assets.
SafeMoon CTO Hank Wyatt announced that he is leaving the project.
In a tweet posted Thursday, Wyatt said it was a tough decision to make. But he did not disclose why he left the project.
Leaving my position at Safemoon was definitely a difficult decision, the hardest I have ever had to make. However, I’m looking forward to the future and can’t wait for the next chapter of my life to begin!
– Hank Wyatt (@Hankusun) September 9, 2021
SafeMoon was unable to release its wallet app on August 28, which led some to wonder if Wyatt’s departure was related to the issue.
Bitkub Corporation has cooperate with Miss Universe Thailand to bring NFT to the competition.
Miss Universe Thailand 2021 will be the first competition where NFT will perform. The manufacturer has teamed up with Bitkub Capital Group Holdings, a Thai cryptocurrency exchange, to close the gap between “non-tech-savvy users” and blockchain. The exchange offers a multi-crypto wallet and is designed to be easy to use.
Now Bitkub Group is bringing blockchain, NFT and digital asset solutions to beauty pageants.