By Worldspectrum from Pexels
Latest cryptocurrency news and prices, 26 September 2019
Bitcoin’s price has dipped below a key area at $8,500 as most altcoins are flashing green. Here are your latest cryptocurrency news and prices.
By Worldspectrum from Pexels
Bitcoin’s price has dipped below the $8,500 area after shedding $1,500 two days ago as several altcoins enjoy a day of minor upwards price action. Here are your latest cryptocurrency news and prices.
Latest Bitcoin (BTC) news and prices
Bitcoin (BTC) price came crashing down hard, dropping by almost $800 in a matter of minutes. At the time of writing, BTC is down by 12.91% and trading at $8,512.31 as per data from CoinMarketCap.
Yesterday saw traders enduring a painful day of trading as the BTC/USD pair hovered around the $8,100 support. BTC’s latest downward price action is the latest move in what has been a steady decline for the number one crypto which began at the beginning of the month.
(Trading at $8,471.49 at 14:00 26 September 2019)
Latest Ethereum (ETH) news and prices
Ethereum’s network capacity has been expanded by the mining community to allow more transactions to be processed on the network per second. This is in light of increased traffic on the network, largely due to controversial stablecoin Tether and a gambling game called Fair Win.
Ethereum co-founder Vitalik Buterin relayed last week that block producers were starting to raise gas limits, in light of the network’s congestion. On Ethereum, gas is a separate cryptocurrency used to pay transaction fees and the gas limit essentially controls how many transactions can be included in a block. It’s similar to Bitcoin’s block size limit
(Trading at $170.97 at 14:00 26 September 2019)
Latest Ripple (XRP) news and prices
Bitcoin’s massive drop yesterday sent shockwaves throughout the aggregated crypto markets, leading most major altcoins – including XRP – to plummet to fresh post-2018 crash lows, which may signal that the rest of 2019 will prove to be bearish for the crypto markets.
XRP, which plunged to unprecedented lows yesterday, has posted a relatively strong recovery from these lows, but analysts are now noting that the crypto is likely to see further downwards pressure in the near-term.
(Trading at $0.248887 at 14:00 26 September 2019)
Bitcoin Cash (BCH) news and prices
Bitcoin Cash has become the sort of asset to gloriously rise to stardom and a few months later plunge right back at the bottom. In other words, the distance between the ‘rags’ and the ‘riches’ is not too wide for BCH. The recent slump into the ‘rags’ around $215 from the highs around $334 took the cryptoasset less than seven days.
(Trading at $227.43 at 14:00 26 September 2019)
Litecoin (LTC) news and prices
Litecoin prices dropped today, extending their recent losses and falling to a six-month low.
The altcoin (cryptocurrency other than bitcoin) reached $54.50 today, according to CoinMarketCap.
At this point, the digital currency, which has frequently been called the silver to bitcoin’s gold, was trading at its lowest since March 12.
(Trading at $57.31 at 14:00 26 September 2019)
Tether (USDT) news and prices
New York’s attorney general, Letitia James, accused the firm behind Tether of covering Bitfinex losses of up to $900 million using their crypto asset.
Tether is a stablecoin that is backed by the US dollar on a one to one basis. To cover Bitfinex’s losses, Tether minted their cryptocurrency for the crypto exchange.
If the exchange had lost its appeal, it would have been forced to provide documents about its relationship with Tether.
Read more at insidebitcoins.com
(Trading at $1.00 at 14:00 26 September 2019)
EOS news and prices
Block.One, the software company behind the EOS blockchain, will expand its U.S. footprint with a new headquarters and a $10 million investment in Arlington County, Va.
Virginia Gov. Ralph Northam announced the plans on Monday, along with a $600,000 grant from the Commonwealth’s Opportunity Fund. EOS is the world’s seventh-largest blockchain by market capitalization, valued at more than $3 billion.
“Arlington’s proximity to Washington, D.C. allows us to continue building constructive business and government relationships as we provide insights for the application of blockchain-based technologies.” Block.One Chief Operating Officer Andrew Bliss said in a statement.
(Trading at $2.90 at 14:00 26 September 2019)
Binance Coin (BNB) news and prices
Notably, Binance Coin’s performance outmatched Bitcoin, Ethereum and Litecoin as it saw close to 600% as opposed to Bitcoin’s stellar 300% price spike from 3,100 to $13,800.
Binance Coin’s outstanding rally seemed to be catalysed by several Binance-supported initial exchange offerings, a rise in altcoin prices and ultimately an improvement in overall sentiment from investors who finally felt that the bear market which ran for 15 months had ended.
Read more at ourbitcoinnews.com
(Trading at $16.31 at 14:00 26 September 2019)
Bitcoin SV (BSV) news and prices
BSV, due to it’s massive blockchain scaling, is the only asset Nguyen sees as having a chance to carry the world forward with Satoshi’s vision. “I think that is exactly why Bitcoin SV is necessary to restore the original Satoshi vision of a massively-scaled blockchain that allows for fast, instant transactions that are super-cheap to produce so that people can use the system as electronic cash on a daily basis,” he said.
Nguyen notes that the early days of the internet were seen as a type of wild west, with unsavory websites and annoying pop-up adds. Much like that then, Bitcoin needs to evolve past its early routes and embrace a more professional regulatory friendly nature to attain wide adoption, as the internet eventually did. “It is the pursuit by many crypto camps of more anonymity in cryptocurrency that I think is going to most inhibit cryptocurrency’s growth,” Nguyen stated. “That’s why in the Bitcoin SV world, we’re not going for that.”
(Trading at $85.40 at 14:00 26 September 2019)
Stellar (XLM) news and prices
Coinbase, a major United States-based cryptocurrency exchange recently announced that they have made trading of Stellar’s Lumens (XLM) available to users in New York.
The announcement was made via a tweet sent by the official Coinbase Twitter account on September 25. Residents of New York are now able to trade, store, send and receive Stellar Lumens via Coinbase’s official website and mobile app.
(Trading at $0.059874 at 14:00 26 September 2019)
For your daily top cryptocurrency news and price updates, be sure to check in daily at 14:00.
