30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $9,420
Bitcoin price has continued its rise today, briefly testing the $9,500 mark and now settling around $9,400.
Top-20 altcoins have performed well, as Ethereum gains over 4%, XRP remains stationary and Cardano steals the spotlight with a tremendous 11% jump.
Top Stories for May 29, 2020
Samsung has partnered with the Winklevoss brothers’ Gemini cryptocurrency exchange, to provide users with easier access to cryptocurrencies on mobile.
The partnership will enable users of the Samsung blockchain wallet app to view their Gemini Exchange balances in the app, as well as proceed to trading via the exchange at the click of a button.
Although users still need the Gemini app to do any trading, the integration means that users will only have to sign into a single app to trade.
A JPMorgan strategist, Nikolaos Panigirtzoglou, has published a research note claiming that Bitcoin’s market price now matches its intrinsic value.
The disparity between the two values has disappeared following the halving, being previously overvalued according to the model. The model treats Bitcoin as a commodity and estimates the asset’s marginal cost of production.
Cryptocurrency platform Enjin has launched a new Minecraft plugin called EnjinCraft, which enables users to spawn assets in the video game.
The plugin allows Minecraft server hosts to provide players with tangible ownership of game items and currencies, as well as trade them with each other in or out of the game.
Minecraft is one of the world’s most popular video games.
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Source: Sumsung Partners with Gemini Exchange for Wallet Integration – May 29