Ethereum, the second most traded cryptocurrency, traded above $3,500 on Wednesday for the first time since May 18.
Kyiv. Ukraine. Ukraine Gate – September 02, 2021 – Economy
The cryptocurrency was trading at $3,554.38, up 5.32 percent, according to data from CoinDesk. After days of pulling back, bitcoin rose 0.13 percent to $4,7361.46 at 6:35 pm. Riyadh Time |
Ethereum’s market dominance has also reportedly increased to 18.9% while the world’s leading cryptocurrency, Bitcoin, has seen a 40% drop.
The data also showed that Ethereum surged to a three-and-a-half-month high after Ethereum set a new daily coin burning record.
According to a report by MacRumours, Twitter may soon enable users to tip creators using bitcoin after the latest update to the “Tip Jar” feature.
The report said that it will provide users with a tutorial on Bitcoin, including details about the Lightning Network and noncustodial wallets. It also made it clear to users that a violating account is required to use this feature.
Twitter also recently announced job opportunities in its payments division with experience in crypto.
Regulation
Nigel Green, CEO, and founder of DeVere Group asserts that the head of the US financial regulator is right about cryptocurrency trading platforms, and they should be regulated.
In an interview with the Financial Times published on Wednesday, he said, “While he was technology-neutral, crypto-assets were no different than any other when it came to public policy requirements including investor protection, protection against illicit activities, and maintaining stability financially.”
While Chinese state-owned financial institutions revealed that they aim to allow holders of the digital “yuan” to obtain investment funds and insurance products using the new currency. Two Chinese banks are expanding their pilot programs for the national digital currency.
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Source: Ukrgate