30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $31,238
Bitcoin price appears to be losing support, as price worryingly slides into the low $31,000s to begin Friday.
Top-20 altcoins have erased yesterday’s gains in most cases, as Ethereum falls 2%, Cardano drops 4% and Dogecoin tumbles 7%.
Top Stories for July 16, 2021
Square CEO Jack Dorsey has announced that the company will be building a new “open developer platform”, which will facilitate decentralized financial services.
The announcement was made by Dorsey via Twitter, highlighting that the platform would be open-source, with its main focus on Bitcoin.
The People’s Bank of China (PBoC) has released a whitepaper for its e-CNY central bank digital currency (CBDC).
The paper explains the e-CNY’s features and progress, which also confirms that the currency will be smart-contract compatible. It also reveals that the project’s roots date all the way back to 2014.
THORChain, a popular cross-chain platform and exchange, has suffered an exploit resulting in the loss of $7.6 million in funds.
Aministrators in the project’s Telegram channel have indicated that the project has sufficient funds to cover the losses for its users, but has also offered a bounty to the hacker in exchange for returning the stolen coins.
The post Square To Build New Platform For Decentralized Financial Services – July 16 appeared first on BitcoinPrice.com.
Source: Square To Build New Platform For Decentralized Financial Services – July 16