US Senator attempts to ban CBDC with new legislation
United States Senator Ted Cruz has introduced a new bill that aims to prevent the launch of a central bank digital currency (CBDC) in the...
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin Bitcoin Cash, Ethereum, and Ripple — have gone down -1.21% in aggregate. Out of the aforementioned five, Ethereum gave investors the best daily return; it was up 4.13%, which has its price now near $146.22 USD. As for the worst-performing crypto out of the Big Five, yesterday that was XRP; it came in at down 8.07%, which drove its price to around $0.21078 USD. In total, three coins were up from the day prior, which is a mixed sign for the crypto sector.
None of the coins had surprising moves, in the sense that the prices fluctuated within the typical range they have been fluctuating between over the past few weeks. Also of note for technical traders are the following developments in price action:
Ripple recorded 2,798,068 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 288% over Ethereum, which had the second-most transactions recorded on its chain. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. Over the past 24 hours, the largest transaction across all blockchains occurred on Bitcoin, coming in at a value of $99,830,256 US dollars. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $129.25 billion US dollars. That’s about 66.31% of the value of all circulating cryptocurrencies. To put that in perspective, we should note that over the past two weeks Bitcoin’s dominance percentage has been in an uptrend, moving from 65.62% to 66.31%.
United States Senator Ted Cruz has introduced a new bill that aims to prevent the launch of a central bank digital currency (CBDC) in the...
Privacy cryptocurrencies are designed to offer the greatest anonymity and security possible with untraceable transactions.
Another cryptocurrency firm has announced that it will be reducing its workforce to better focus resources.
With leading banks that service crypto closing down, what other options do crypto firms have for finances? In this, we explore.