Crypto News of the Day (9.1.)| Markets again in red • Mati Greenspan criticizes Stellar • and other news
3 min readTable of Contents
Here you can find an overview of the most important crypto events in the last 24 hours.
Markets
US President D. Trump announced a “de-escalation” of the conflict yesterday and Bitcoin fell 5% in just a few hours. It is now back below $ 8,000. This is reflected in the mood on the markets according to the Fear & Greed index, which fell to number 44, which is again a concern. The fall did not avoid the altcoins, which are now also in the vast majority in red numbers.
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You can monitor the current cryptocurrency prices – here.
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Cryptocurrencies
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Regulations
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Stock Exchanges and Banks
- The Binance Futures platform announced the addition of Litecoin
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Blockchain/Technology
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Mati Greenspan criticizes Stellar
Mati Greenspan is known as one of the reasonable supporters of BTC. It is also a long-term bullish on XRP, although it disagrees with Ripple XRP procedures. When asked for opinion on Stellar, Mati Greenspan said he had never held long positions in XLM for more than a few days. He thinks Stellar’s tokenomics are confused. However, it emphasizes that the decision to burn half of the XLM was a “step in the right direction”.
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ECB wants its own cryptocurrency, but will not prevent the emergence of commercial Libra-like projects
According to ECB President Christine Lagarde, the European Central Bank is considering setting up its own CBDC. In a recent interview, She suggests that they must adapt to this changing world and that the bank will not interfere with any private companies when designing a similar digital form of payment.
“As to the way forward, the ECB will continue to assess the costs and benefits of issuing the central bank’s digital currency (CBDC) to ensure that the general public continues to be able to use central bank money if the rate of physical money ultimately declines. […] We are looking in detail at the feasibility and benefits of the CBDC, also because it could have significant implications for the financial sector and for the transmission of monetary policy. ”
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The oldest Thai bank is working on an application for cross-border payments with the help of Ripple
Siam Commercial Bank (SCB), Thailand’s oldest bank, worked with Ripple to create a blockchain-based mobile app for instant and cheap cross-border payments. The application – known as SCB Easy – was presented in December during the annual Ripple, Swell customer event. The demo has allegedly demonstrated its ability to send cross-border payments in seconds based on QR codes.
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The Binance Futures platform announced the addition of Litecoin
Starting today, the Binance Futures platform is opening additional derivatives indefinitely with the Litecoin cryptocurrency. This time, Litecoin (LTC) is paired with USDT, making it the sixth cryptocurrency on the platform.
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TikTok wants to switch to blockchain for better security
It has been discovered that TikTok has serious security vulnerabilities that allow attackers to take control of accounts. ByteDance, the owner of TikTok, is actively researching blockchain technology – and a recent security vulnerability found in its application can speed implementation and research.
