Top Trending Cryptocurrency News On August 31

Bitcoin's price dropped another 2.82 percent to $47,055. Ether was up 0.83 percent at $3218.52. Despite record accumulation and supply shock events, Bitcoin's price drops to $46.7K. Bitcoin prices have risen sharply as a result of several favorable occurrences, but comments made by well-known persons about Bitcoin or cryptocurrencies, in general, are dragging it down.

Cardano

During the most recent ADA price spike, Cardano (ADA) addresses with a balance of more than $1 million had risen 173 percent.

After bottoming out at $1.007 on July 20, the ADA/USD exchange rate climbed about 200 percent. In the previous session, the pair hit a new high of $3.02, which was followed by a 6.42 percent price drop to $2.73 at the time of writing.

Pay Pal

After establishing bitcoin trading services last year, PayPal is apparently looking into ways to offer stock trading.

According to a report published on Aug. 30, PayPal is trying to buy or collaborate with a broker-dealer to launch its own stock trading service to compete with rivals such as crypto-friendly stock trading software Robinhood.

NFT

After seeing the hype about Dogecoin (DOGE), which was mostly spearheaded by Elon Musk, Naomi Osaka, a top professional tennis player from Japan, has been outspoken about diversifying her assets in cryptocurrencies.

CBDC

Bitt Inc, a Barbados-based fintech startup, would serve as the Central Bank of Nigeria's technical partner for the proposed e-naira digital money.

The Central Bank of Nigeria (CBN) said on Monday that it has picked Bitt Inc because of its "technical competence, efficiency, platform security, interoperability, and implementation experience."

Defi Initiative

Celo announced today the launch of DeFi for the People, an initiative "on a mission to make DeFi accessible to the 6 billion smartphone users throughout the world," as well as $100 million in funding for grants, education, and token incentives from leading Ethereum decentralized finance (DeFi) protocols.