Here’s what you need to know on Wednesday
BTC / USD explored the area above $ 11,400 at the start of Asian hours and touched the intraday high of $ 11,486 before the retreat began. At the time of writing this article, BTC / USD is changing hands at $ 11,385; however, the play is still virtually unchanged both from day to day and from the start of Thursday. The short term trend remains bullish, while volatility is low.
At the time of writing, ETH / USD is changing hands at $ 385.00. The coin was limited after a sharp move below $ 400.00 earlier this week. Now it is moving in a short term downtrend amid increasing volatility.
XRP / USD has been stuck in a narrow range since the start of the week. At the time of writing, the coin is changing hands at $ 0.2745 and it has barely changed both day to day and since the start of the day. The short-term trend of XRP is bearish, while volatility is increasing.
Among the 100 largest cryptocurrencies Celo (CELO) $ 4.10 (+ 42.5%), bZx protocol (BZRX) $ 0.8159 (+ 31.9%), Flexacoin (FXC) $ 0.0088 (+ 17.5%) are the most successful. The losers of the day are The Midas Touch Gold (TMTG) $ 0.0220 (-16.6%), Kusama (KSM) $ 29.37 (13.7%), Reserve Rights (RSR) 0.0248 $ (-9.5%).
Graph of the day:
BTC / USD, 30 minute chart
Little-known token, CELO, hit an all-time high after a major US-based cryptocurrency exchange, Coinbase Pro, announced it would add it to the list of tradable assets. CELO, a token native to the Celo blockchain platform, has gained over 55% in the past 24 hours. At the time of writing this article, it changes hands at $ 4.10.
Cardano started paying staking rewards after a major upgrade to the mainnet that now supports the proof-of-stake consensus algorithm. Users received their first rewards on Sunday and they seem happy with what they got. Commenting on the news, one of the issues was written on Twitter.
The first Cardano punch rewards are here! It is now the norm every 5 days. Almost every betting pool made + -5.5% (which made a block).
Preliminary calculations implied that the annualized return to bettors would amount to 4.6%. However, the Cardano staking calculator is now showing a yield of around 5.1%.
Mastercard Asia / Pacific plans to develop a billing system based on IOTA’s Tange technology, according to the company’s recently filed patent application. The application named “Method and System for Tangle Network Based Device Micropayments Aggregation” describes a storage system that will allow a transparent and cost effective approach to billing. The company plans to use Tangle technology, although cryptocurrency is not used.
Binance has activated isolated margin trading for Polkadot (DOT) and ProjectSerum (SRM). The new feature will be available for the following trading pairs: DOT / BTC, DOT / USDT, DOT / BUSD, SRM / BTC, SRM / USDT, SRM / BUSD. Additionally, the exchange announced that users can borrow DOT and SRM at no interest during the promotion campaign from 8/27/2020 6:00 a.m. (UTC) to 9/3/2020 5:59 a.m. (UTC).
Brazil’s central bank has set up a dedicated task force to explore cryptocurrency technology and access the viability of a central bank digital currency (CBDC). According to the recently released statement, the 12-member team will assess the risks and benefits and decide whether the CBDC can be used in the national payments ecosystem.
The topic of digital currencies addressed by central banks has been on the research agenda of many central banks for some time. However, this year the focus has been more on a more practical approach, said Rafael Sarres de Almeida of the Department of Information Technology in the statement.