Total ERC20 Token Market Cap Flips Ethereum – July 14

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,223

Bitcoin price briefly tested the upper and lower bounds of its recent range over the last 24 hours of trading, with wicks tapping $9,350 and $9,100.

Top-20 altcoins have taken a hit, as Ethereum and XRP each fall over 1%, while Stellar and Tezos take the largest hits with losses of 6% and 8%, respectively.

Top Stories for July 14, 2020 🔥

👉 Total ERC20 Token Market Cap Flips Ethereum

The total market cap of all ERC20 tokens on Ethereum has reached $33B, surpassing the market cap of Ethereum itself, which currently stands at $27B.

The figures were brought to light by Camila Russo of The Defiant, using ERC20 token data found on Etherscan.

These do not include other Ethereum-based token standards such as ERC721, which would add even further to the total value of assets based on the Ethereum network.

👉 The UK Considers Issuance of Central Bank Digital Currency

The governor of the Bank of England has stated that the UK is considering creating its very own central bank digital currency (CBDC), following in the footsteps of several other countries worldwide.

The UK may have a much faster road toward launching its CBDC compared to other European countries, who face more bureaucratic hurdles from the EU and Eurozone.

👉 Chinese Speculators Betting Big on Filecoin Mining Hardware

Chinese investors are already making large purchases of Filecoin mining hardware and contracts, despite the network not yet having a mainnet, nor finalized economics.

It has been reported that over a dozen companies have begun to sell physical hardware and cloud mining contracts, in deals worth tens of millions of dollars.

The Filecoin testnet was rolled out late last year, with eight out of ten of the top miners on the network being based in China.