Cryptocurrency news

Cryptocurrency News Trends August 29

Business

oi-Sneha Kulkarni

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The global crypto market valuation is now $ 2.09 trillion, down 0.40% from the previous day. The overall crypto market volume over the past 24 hours has declined 2.36% to $ 97.48 billion. The overall 24-hour volume of all stable coins is now $ 74.93 billion, or 76.86% of the total crypto market volume.

The price of bitcoin is $ 48,220.77. Bitcoin’s market share is now 43.62%, down 0.18% from the previous day.

Tezos

According to the crypto data aggregator, Tezos was up 16.67% from yesterday at $ 5.95.

Tezos is an open source proof of stake (PoS) blockchain that, like Ethereum (which will eventually become a proof of stake blockchain), allows developers to use smart contracts to build financial applications and services.

Jack Dorsey, CEO of Square and Twitter

TBD, Square’s new company focused on building an open development platform, will create a decentralized bitcoin exchange, according to Jack Dorsey, CEO of Square and Twitter.

Cuba

There are reports that the Cuban government intends to recognize and regulate cryptocurrencies for payment purposes.

Cardano

The native Cardano blockchain asset, ADA, hit a new high on Monday as investors pinned their hopes on an impending smart contract feature that is expected to accelerate cryptocurrency adoption.

Cosmos (ATOM)

The widely anticipated distribution of the London hard fork on the Ethereum (ETH) network has done little to address the network’s high transaction fees and delayed confirmations.

Ethereum NFT CryptoPunks

According to the NFT aggregation site, CryptoPunks, a collection of 10,000 Ethereum-based NFTs, has already exceeded $ 1 billion in sales.

After NFT game Axie Infinity hits the $ 1 billion mark on August 8, CryptoPunks becomes the second NFT project to do so. So far, the game has generated a total trade volume of $ 1.6 billion.

NFT of Aavegotchi

Aavegotchi is an encrypted Tamagotchi in which you keep your phantom animal in good shape and shape in return for incentives for yield farming through the Aave decentralized financial lending system. It is the most recent entry into the burgeoning “play to win” genre, a new type of video game that helps pay the bills. Pixelcraft Studios, the game’s developer, now manages a new sub-genre for the game’s NFT auctions: “bid-to-earn”.

Article first published: Sunday August 29, 2021, 6:18 PM [IST]


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