Table of Contents
Welcome to crypto news of the day 2/9. We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld and crypto market.
Markets
The price of Bitcoin has risen slightly in the last 24 hours, rising to its highest level in about two weeks before losing strength. The world’s most important digital currency today reached up to 12,070.23 USD, which is its highest price since August 18. However, the upward movement of cryptocurrency prices stopped and the digital asset was traded in a reasonably narrow range. As a result, Bitcoin continues to test this resistance at $ 12,000, despite many rejections. If Bitcoin gets above this level of resistance with a strong volume, there are longer-term patterns with much higher prices, starting with the ATH test around $ 20,000. Bitcoin’s dominance continues to decline, currently moving around 57%.
You can monitor the current prices of cryptocurrencies here.
Last crypto news of the day (1.9.) here.
Cryptocurrencies
Ethereum is catching up Bitcoin
Ethereum, who has been playing the second fiddle for a long time, is coming to the fore. Ethereum price, which has climbed more than 10% in the last 24-hour trading period and has risen by almost 300% this year, is far behind the price of Bitcoin – but the price is not everything. The price of Etherea, meanwhile, is rising sharply and is supported by the madness of decentralized financing (DeFi), which is currently sweeping the world of cryptocurrencies. In DeFi, ETH is used as an input gateway, and here ETH simply has the upper hand.
ZCash developers have released the entire code
Electric Coin Co., the entity behind Zcash Private Coin (ZEC), has introduced the new code to the blockchain and cryptocurrency community. The company has opened its Halo 2 source code, said the ECC blog post of September 1. “It can also move forward with a promising scalability solution for Zcash and other blockchains,” the post said, adding that the Halo 2 structure added speed, among other things. You can see the code here.
Crypto Exchanges, Banks, Companies
Huobi now allows clients to trade BTC options
Crypto exchange Huobi now allows clients to trade BTC options. According to Huobi, these options give people the right – but not the obligation – to buy or sell bitcoin units at agreed prices. These prices are usually met by a certain date. Prices and dates are usually selected in advance by the seller and buyer. BTC options are usually listed in Tether (USDT). In addition, they are available in quarterly, weekly or biweekly windows for traders who want to explore different options.
Bithumb is reportedly being investigated by South Korean police
Seoul police allegedly raided the headquarters of Bithumb, the largest crypto exchange in South Korea. As already mentioned, the latest inspections are allegedly linked to an ongoing police investigation into Lee Jung Hoon, Chairman of the Board of Bithumb Korea and Bithumb Holdings. The CEO was allegedly investigated for alleged economic fraud involving a token known as BXA. The token was reportedly promoted as a native Bithumb token, which eventually turned out to be involved in large-scale fraud that caused 30 billion won ($ 25 million) in damage to investors.
Pornhub now accepts payments in BTC and LTC
Pornhub now accepts payments for its premium services in bitcoins (BTC) and litecoins (LTC). The company also accepts the cryptocurrency Verge (since 2018) and later added several other cryptocurrencies, but this is the first time it accepts major cryptocurrencies. Pornhub is a year older than Bitcoin, it was founded in 2007 in Montreal, Canada. It is currently the ninth most popular website with 3 billion monthly visitors.
Regulations, CBDC
Fed owns over 20,000 different assets, is the world’s largest investor
The United States Federal Reserve, or the Fed, has amassed an impressive number of financial assets. “According to Bloomberg, the Fed now owns a total of 22,913 different securities,” the Zero Hedge financial blog twitter account said on August 30, adding: “It is the largest investor in the world.” and called on citizens to stay at home in an effort to reduce the spread of the virus. However, these measures had negative economic consequences, leading to subsequent supportive attempts by the government, including a massive printing of money.
Thank you for your time a reading crypto news of the day 2/9
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