Connect with us

News

Bitcoin price growth resumed – the rate has returned to $ 8,000

Published

on

On Sunday morning, the rise in Bitcoin prices resumed and the cryptocurrency rate again reached $ 8,000. Recall that this week the BTC coin was already outside of $ 8,000, but a few days ago there was a 20 percent collapse, so today the rate moved up from about $ 7,200.

Over the last month, the steady growth of BTC has been able to achieve not only the $ 6,200 mark, but also to continue moving up to $ 8,000, which has not been observed since July 2018. Already at the end of the week there was a collapse, many analysts believe that it was caused by the overheating of Bitcoin during the monthly rally, when the cryptocurrency increased in price from $ 5,000 to above $ 8,200. Some analysts calmly relate to such fluctuations, since in the past, during the rally, BTC also lost in the value of the order of 10% -20%, after which it reached new price heights.

Note that a positive trend is observed not only in Bitcoin. Altcoins such as Ethereum, Bitcoin Cash, Ripple, Litecoin also show an average growth of 10% today. In addition, the crypto community pays attention to the indicators of Binance Coin (BNB), the native coin of the Binace crypto exchange. BNB price is close to $ 30. In general, we can say that since the advent of BNB, the rate has grown by more than $ 16,400. Until the beginning of 2019, the coin was trading around $ 7, after which the exchange rate grew by more than 380%, the BNB managed to reach $ 31.

News

Wells Fargo will launch stablecoin for internal settlements

Wells Fargo & Company, an American financial company, will launch Wells Fargo Digital Cash, a pilot blockchain service for internal payments, based on Corda Enterprise. According to a press release, Wells Fargo Digital Cash will provide almost instant international transfers between company branches using digitized funds (tokens). The company has already tested the concept on transfers from the USA to Canada. The launch of the project is scheduled for 2020 […]

Published

on

Wells Fargo & Company, an American financial company, will launch Wells Fargo Digital Cash, a pilot blockchain service for internal payments, based on Corda Enterprise.

According to a press release , Wells Fargo Digital Cash will provide almost instant international transfers between company branches using digitized funds (tokens).

The company has already tested the concept on transfers from the USA to Canada.

The launch of the project is scheduled for 2020. Wells Fargo Digital Cash will initially provide dollar payments, but then add support for other currencies.

Recall that previously the largest US financial holding company JPMorgan developed its own stablecoin JPMCoin for making international payments to large customers.

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Continue Reading

News

Wells Fargo is going to present its own stablecoin in 2020

Published

on

Wells Fargo, the fourth largest bank in the US, plans to introduce its own stablecoin in 2020, which will be used in cross-border transfers.

The press release said that the new Wells Fargo platform will create an international payment network based on distributed ledger technology. With the help of this system, as well as the Wells Fargo Digital Cash asset, payments will be made. The stablecoin being developed will be pegged to the US dollar. Initially, the network will be used for internal calculations, after which it will be integrated with other applications.

Lisa Fraser, representative of Wells Fagro, noted that DLT technology has many options for use, the company believes that it can also be successfully applied in banking. In addition, Wells Fargo Digital Cash is expected to enable the company to overcome barriers that still hindered effective cross-border payments in real time.

As you can see Wells Fargo followed the example of the bank JPMorgan Chase, which also introduced its own digital currency. It is noteworthy that back in July, Wells Fargo forbade customers to use credit cards to purchase cryptocurrency and its use in transactions.

Continue Reading

News

In the Bitcoin blockchain, a record of the network hashrate and the share of SegWit transactions

Published

on

is set

The volume of computing power in the Bitcoin blockchain this Monday reached a record value above 104 quintillion per second, according to Smartbit portal data.

The record was fixed after approaching the level of 100 EH / s last week and the subsequent small rollback. Before the current growth period, which began in December and accelerated in June, the previous maximum was fixed at 60 EH / s in October 2018.

As noted earlier, over the past three months , about 600,000 new ASIC miners have joined the Bitcoin network, which has led to a rapid increase in the hash rate .

Last week, another message appeared that the authorities of one of the provinces of China are taking measures to close mining enterprises on their territory.

Also today, transactionfee portal announced another record – the share of transactions in the Bitcoin blockchain using Segregated Witness (SegWit) technology for the first time exceeded 50%.

On the main Bitcoin network, SegWit was activated on August 24, 2017. The technology is aimed at solving the problems of blockchain scalability, transaction plasticity, and also allows you to implement other optimizations. After the jump to 38% last May, the spread of SegWit slowed down and until recently ranged from 40-45%.

Casa Bitcoin developer and CTO Jameson Lopp previously spoke of the proliferation of technology that responded to the congestion of the cryptocurrency network:

"Reducing the demand for transactions, improving algorithms for calculating commissions, distributing SegWit and grouping transactions have led to more efficient use of space in blocks and reduced competition for this scarce resource."

At the same time, the price of the leading cryptocurrency , having shown a steady rise in the first half of the year, has remained in a fairly narrow range over the past months and amounts to about $ 10,000.

Publication date 09/17/2019
Share this material on social networks and leave your opinion in the comments below.


Continue Reading
Advertisement

Name Price24H (%)
Bitcoin (BTC)
$10,212.52
0.17%
Ethereum (ETH)
$212.22
7.87%
XRP (XRP)
$0.301239
15.62%
Bitcoin Cash (BCH)
$323.25
5.64%
EOS (EOS)
$4.10
1.70%
Stellar (XLM)
$0.066320
13.57%
Litecoin (LTC)
$75.73
4.40%
Cardano (ADA)
$0.050924
8.23%
Tether (USDT)
$1.00
-0.09%
Monero (XMR)
$74.73
0.34%
Advertisement

Trending

Copyright © 2018 blockchainjournal.news