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Here are your top stories for Tuesday, September 3rd, 2019. The Bitcoin price is down 3% at $10,233. Ethereum is also down 3% at $177. Ripple’s XRP is down 2% at $0.26. Bitcoin SV is down 5% at $122. Here are the top stories in the crypto world today.
Bitcoin falls after Elon Musk says Tesla will no longer accept it
Bitcoin fell on Friday after Tesla CEO Elon Musk said the electric carmaker will no longer accept the cryptocurrency as payment for its vehicles, just months after it began doing so.
The price of bitcoin was down more than 7% at around $46,000 at shortly after 5 p.m. ET, and was down nearly 20% from an all-time high of nearly $58,000 reached earlier this week.
Musk said in a tweet that Tesla would not sell any more cars for bitcoin and that the company would only accept the cryptocurrency as payment “if and when” mining transitions to “more sustainable energy.” He did not elaborate on what he meant by sustainable energy.
Ethereum 2.0 deposit contract is now live
The Ethereum 2.0 deposit contract is now live, meaning that would-be stakers can now officially send ETH to the contract in order to take part in the network’s forthcoming proof-of-stake consensus algorithm.
The deposit contract was deployed on the Ethereum mainnet at around 12 p.m. UTC today, with an announcement post on the Ethereum Foundation blog confirming that staking was now live. The post also contained a link to the deposit contract’s user interface, which shows that over 590 ETH has already been sent to the contract address in just a few hours.
In order to stake, users must first send 32 ETH to the deposit contract address. Once deposited, their ETH will be locked up for a minimum of 18 months, during which time they will be able to participate in Ethereum 2.0’s proof-of-stake consensus algorithm and earn rewards for doing so.
The launch of the Ethereum 2.0 deposit contract is a significant milestone for the network, which has been working towards launching its proof-of-stake consensus algorithm for several years now. With staking now live, it’s hoped that Ethereum 2.0 will finally launch later this year.
Binance CEO says Bitcoin will be worth more than $100,000 in 2025
At a recent event, Binance CEO Changpeng Zhao said that he believes Bitcoin will be worth more than $100,000 in 2025. He based this prediction on the assumption that BTC will continue to capture a larger percentage of the total market capitalization of all assets.
Currently, the market cap of all assets is about $200 trillion, and Bitcoin’s share is around 2 percent. If Bitcoin were to capture 10 percent of the total market cap, its price would be around $100,000 per coin.
The Binance CEO also said that he believes that we are still in the early stages of adoption and that the cryptocurrency industry will continue to grow. He said that he expects there to be more institutional investors and more traditional businesses entering the space in the coming years.
The market is currently up with a slight chance of going up more. This is due to the positive news from Tesla that they will be accepting Bitcoin as a form of payment, as well as the increasing interest in dogecoin.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University there were between 2.9 million and 5.8 million unique users using a cryptocurrency wallet, as of 2017. While bitcoin has been described as “an anonymous digital asset”, due to the currency’s lack of central control, tracing contraband transactions within Bitcoin blockchain is difficult because it is possible to send Bitcoins without revealing who sent them. There are also faucets that dispense alternative cryptocurrencies.
Ethereum’s blockchain is the most active in the world, according to new data from Blocktivity.
The Blocktivity.info website tracks the activity of all major blockchains and provides a real-time “activity index” for each one.
At the time of writing, Ethereum has an index score of 39, meaning it is processing 39 times more transactions than the next closest blockchain (EOS).
Bitcoin, by comparison, has an index score of just four.
Other major blockchains with high activity levels include TRON (19), Waves (18) and Bitshares (16).
What is Binance Coin?
Binance Coin is the cryptocurrency of the Binance platform. It is an exchange platform for cryptocurrency trading. The coin can be used to pay fees incurred on the Binance platform.
The Binance platform was launched in 2017 and since then, it has rapidly grown to become one of the largest cryptocurrency exchanges in the world with over $1 billion in daily trading volume.
In 2018, Binance Coin had a market capitalization of $1.3 billion and was ranked as the 25th largest cryptocurrency.
How does Binance Coin work?
Binance Coin is based on the Ethereum blockchain and uses the ERC20 token standard.
The total supply of Binance Coin is capped at 200 million tokens. As of May 2018, there were approximately 100 million tokens in circulation.
Binance Coins can be used to pay fees on the Binance platform, including trading fees, withdrawal fees, and listing fees. Discounts are available for those who pay their fees with Binance Coins. For example, users who pay their trading fees with Binance Coins receive a 50% discount.
In addition to paying fees, users can also use Binance Coins to invest in Initial Coin Offerings (ICOs) that are listed on the Binance platform. ICOs that are listed on Binance have to pay a listing fee in order to be listed. These listing fees are typically paid in Ethereum or Bitcoin, but can also be paid in Binance Coins
In conclusion, there is a lot of news in the crypto world every day. It can be difficult to keep up with all of it, but it is important to try to stay informed. The best way to do this is to find a reliable source of news that you can trust, and that covers all the major coins.