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Trending Cryptocurrency News On August 29

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The worldwide crypto market valuation is now $2.09 trillion, down 0.40 percent from the previous day. The overall crypto market volume over the last 24 hours has decreased by 2.36 percent to $97.48 billion. The overall 24-hour volume of all stable coins is now $74.93 billion dollars, accounting for 76.86 percent of the total crypto market volume.

 

The price of bitcoin is present $48,220.77. Bitcoin's market share is now 43.62 percent, down 0.18 percent from the previous day.

Trending Cryptocurrency News On August 29

Tezos

According to crypto data aggregator, Tezos increased by 16.67 percent from yesterday to $5.95.

Tezos is an open-source proof-of-stake (PoS) blockchain that, like Ethereum (which will eventually become a proof-of-stake blockchain), allows developers to use smart contracts to create apps and financial services.

Square and Twitter CEO Jack Dorsey

TBD, Square's new company focused on establishing an open developer platform, is going to build a decentralised bitcoin exchange, according to Square and Twitter CEO Jack Dorsey.

Cuba

According to reports, the Cuban government intends to recognise and regulate cryptocurrencies for payment purposes.

Cardano

The native asset of the Cardano blockchain, ADA, hit a new high on Monday as investors pinned their hopes on an impending smart contracts feature that is expected to accelerate the cryptocurrency's adoption.

 

Cosmos (ATOM)

The widely anticipated distribution of the London hard fork on the Ethereum (ETH) network has done little to solve the network's high transaction fees and delayed confirmations, therefore momentum for the top layer-one protocols has been on the rise throughout August.

Ethereum NFT CryptoPunks

According to NFT aggregation site, CryptoPunks, a 10,000-strong collection of Ethereum-based NFTs, has already topped $1 billion in sales.

After NFT game Axie Infinity achieved the billion-dollar threshold on August 8, CryptoPunks becomes the second NFT project to accomplish so. So far, the game has generated a total trade volume of $1.6 billion.

Aavegotchi's NFT

Aavegotchi is a crypto-infused Tamagotchi in which you keep your pet ghost fit and spritely in exchange for yield farming token incentives via the Aave decentralised finance lending system. It's the most recent entry in the nascent "play-to-earn" genre, a new kind of videogame that helps pay the bills. Pixelcraft Studios, the game's developer, is now driving a new subgenre for the game's NFT auctions: "bid-to-earn."

Read more about: bitcoin cryptocurrency
Story first published: Sunday, August 29, 2021, 18:18 [IST]
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