Binance clarified that the customer’s funds are safe amid the gossip that the cryptocurrency exchange has been hacked. The chief executive of the exchange, Changpeng Zhao declared by a tweet, “All funds are safe.” The Reddit post advised the customers ‘to remain patient’ and stated that an update would be published sooner.
Ethereum price index has not reached $1,000 since last year. The Merkle reports that the Ethereum price index has not been even close to hitting the high for about a month now. It reports that the trading volume of the cryptocurrency is at $1.9 billion in the last 24 hours. The current price is above $700.
The price of Bitcoin dropped down from $11,600 and $11,000. The CoinDesk reported that the price of cryptocurrency has fallen by 9.5% from $11,160, highest in the last 24 hours. The other cryptocurrencies such as Ether, XRP, Litecoin and Bitcoin Cash has lost value by 7%. The present price index of Bitcoin is at $10,500 and above.
Jihan Wu, the co-CEO of Bitmain, would be addressing over the plans of central bank digital currencies at the D.C. Blockchain Summit, a three-day event. The event is organized by Centre for Financial Markets and Policy, the Chamber of Digital Commerce and Georgetown University. The summit will have government officials, startup entrepreneurs and other who would discourse talks on blockchain and cryptocurrency.
Coinbase cryptocurrency exchange has unveiled a Coinbase Index Fund. Asiff Hirji, the chief operating officer of the exchange, announced the launch of the index fund and added that it is similar to the exchange-traded funds. Firstly, it is targeted to attract only U.S. investors. Hirji also denied association with the Ripple.
Kenneth Rogoff, former IMF chief economist, stated that the price of bitcoin would fall to $100 over a long-term. He said, “I would see $100 as being a lot more likely than $100,000 in ten years from now.” He further added that bitcoin for payment obligations is not of much use beyond tax evasion and money laundering.
Altcoin in China is still struggling to increase the price market. Despite the number of talented developers that have made a large quantity of contribution towards the technology of cryptocurrency. The language barrier could be one of the factors of that is affecting the price market according to the western perspective.
The anonymous entity named Cobra has started a Twitter account and has been sharing thoughts and on cryptocurrencies issues specifically in the bitcoin community. Quoted from the tweet posted in the profile, “Bitcoin cash is cancer on bitcoin that we need to cure ourselves of,” showed the hate towards bitcoin cash.
Cryptocurrency questions and topics increase all over Belarusian according to Russian search engine Yandex. The action took by the Prime Minister, Alexander Lukashenko on the legalization of cryptocurrency in the currency is one of the factors contributed to the interest.
The son of Ol’ Dirty Bastard is to present a cryptocurrency partnering with Link Media Partners. The Dirty Coin will be available on the TAO blockchain network. The coin is set to be traded through AltMarket exchange as and when it is set to go live. The initiative is aimed at generating funds for upcoming Young Dirty Album and merchandise.