📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $10,217
The cryptocurrency market has fallen by 1% over the last 24 hours. Bitcoin is down just over 1%, while Ethereum, XRP, and Bitcoin Cash are down closer to 0.5%. Bigger movements in the top-20 include Bitcoin SV and Monero, which are both down around 4%, and Huobi Token, which is up 4%.
Top Stories for September 9, 2019 🔥
Just a few days ago, we reported that VanEck — which has been struggling to get its Bitcoin ETF approved for more than a year ago — managed to use a loophole in the law to create an ETF-like product availability to institutional investors.
Three days following its launch, a meagre $40,000 (or around 4 Bitcoin) worth of the product has been issued. It will be interesting to see whether the project picks up in interest over coming months.
Tether is the organization behind USDT, a stablecoin supposedly pegged to the US dollar. Although there have been many accusations that USDT isn’t really backed by anything, it has continued to hold its value.
Now, Tether is set to launch a cryptocurrency pegged to the Chinese Yuan. The currency, CNHt, will be issued on the Ethereum network as an ERC-20 token.
Decentralized Finance is a new market that aims to decentralize traditional financial products like loans and derivatives. With names such as Augur and MakerDAO, the space is quickly growing.
Nasdaq has decided to add a Decentralized Finance index to its cryptocurrency data feeds. The index will also be available on Google, Yahoo Finance, and TradingView.