Current Bitcoin Price: $6478 (as of 8:00 AM PST)
The cryptocurrency market has seen its Monday dump today, although the damage isn’t too bad. While Bitcoin is down just over half a percent, Ethereum and XRP have dropped more seriously by one and two percent respectively.
Interestingly, Tether — the stable coin that dominates over all others — is seeing continued gains, as it recovers from its questionable lows last week back up to the intended value of a dollar.
Top Bitcoin & Crypto News Stories for 22nd October 2018
Cryptocurrencies are often touted for their low fees and fast transaction times. While the huge bull run of last year saw networks like Bitcoin and Ethereum clogging up, the reduced traffic now has things moving as they should.
In a demonstration of this, $180 million in Ethereum has been moved for a fee of just 6 US cents. Talk about low transaction fees!
Last week the privacy coin Monero saw a new update — “Berilyium Bullet” — which was set to drop transaction sizes — and consequently fees — by up to 80%.
New data following the update itself has seen average transaction fees fall from over half a dollar to under 2 cents, which represents a drop of more than 96%!
Crypto.com is looking to pioneer payments with cryptocurrency, and that means developing physical bank cards as quickly as possible — which includes a journey towards building crypto-friendly Visa cards.
The first of these cards have been shipped to their Singapore customers, who will now be able to pay in the local currency, converting crypto funds at the time of transaction.