Current Bitcoin Price: $4209 (as of 8:00 AM PST)
Cryptocurrencies have bounced back up following a few weeks of red charts. Bitcoin is up over 13%, with XRP and Ethereum following by 11% and 13% respectively. With that said, there’s green across all currencies ranging from 1.4% in the case of Bitcoin SV to 24% in the case of TRON.
Interestingly, Tether has shot up just as much as Bitcoin SV, despite being a stable coin pegged to the US dollar. It’s returning to its supposed peg with a current price of just three tenths of a cent below that mark.
Top Bitcoin & Crypto News Stories for 28th November 2018
Bakkt is the cryptocurrency investment platform coming in January next year, and crypto-bulls are hoping this is what’s needed to set off another marvellous run.
It’s not just Bitcoin products that Bakkt want to offer, though. The latest news is that Bakkt is working with Starbucks to facilitate more payment options for their customers — including Bitcoin.
Tether (USDT) is the Dollar-pegged stablecoin that’s credited with a huge influx of money to the cryptocurrency back in late 2017. However, there’s long been a concern that USDT tokens might not actually be backed by real US Dollars, which has prompted many users to ask for an audit.
These external audit requests have been quickly deflected by Tether, but it’s clear this isn’t something they’re interested in moving forward. In fact, Tether has just changed its FAQ page from reading “Tether’s platform is built to be fully transparent at all times and is regularly audited” to just “Tether’s platform is built to be fully transparent at all times.”
It’s something of a crypto hobby to watch the movements of larger wallets, especially when they make multiple transactions to the tune of several hundreds of millions of Dollars, moving billions of dollars in doing so.
This is the case with XRP, where just over a billion dollars of tokens have been shifted to one account, leading to a balance of over 2.6 billion XRP (representing around 2.6% of the currency’s total supply). What could this mean?