Biggest Cryptocurrency News Today (1/8)
Market Update
The price of Bitcoin this morning is $14,597 representing a loss of 12.5% in the last 24 hours. More than $1.35B worth of BTC were exchanged in the BTC/USD market representing a 37% share of daily volume, followed by the BTC/JPY pair that represents a 35% share.
See live charts here: https://coinmarketcap.com/currencies/bitcoin/
The Ethereum price has dropped by 4.1% over the past 24 hours and is currently sitting at $1,076, with over $870M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 30% market share of the daily trading volume.
See live charts here: https://coinmarketcap.com/currencies/ethereum/
Tether Limited Announces The EURT
The creator of the USDT token, Tether Limited, claimed to be backed by the U.S. dollar, is now creating a Euro Tether (EURT) that is going to be issued over the Ethereum blockchain and will be compatible with the ERC20 standard. Tether Limited explains:
“As the first platform to facilitate the transfer of fiat backed currencies over a blockchain network, Tether has made headway by giving customers the ability to transfer value across the blockchain without the inherent volatility and complexity typically associated with a digital currency."
Read more here
Venezuela to Issue The First 100 Million Petros
Nicolás Maduro, the President of Venezuela, has ordered the issuance of the first 100 million Petros, an oil-backed national cryptocurrency. He also indicated that each Petro would have the value of a single barrel of oil. Maduro stated:
“I’ve ordered the issue of 100 million Petros, based on national wealth. Each Petro will have the value of a barrel of Venezuela’s oil.”
Read more here
Binance, Bitfinex, Bittrex Temporarily Close Registrations
The incredible swelling of cryptocurrency users is overwhelming the infrastructure of many cryptocurrency exchanges, with some such as Kraken experiencing major usability problems throughout 2017. Bittrex was one of the first exchange platforms that have put a halt on onboarding new users. In addition to Bittrex, two other platforms had to make a similar decision – Bitfinex and Binance. This massive influx of users has led to major infrastructure concerns leading to the temporary closure of their registration portals.!