Hedera Now Integrated for 1.7 Million Uphold Users; Ravencoin Listed on Major Exchange; BTC Ranges Near $20K – KryptoMoney

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Uphold, a digital money platform with over 1.7 million users, has announced the integration of hedera (HBAR) to give users the option of depositing and withdrawing HBAR on the platform. Users can now safely deposit and withdraw tokens on-chain between their Uphold wallet and any external Hedera wallet.
HBAR is powered by the hashgraph consensus algorithm, which can process hundreds of thousands of transactions per second. With the new HBAR integration, up-and-coming projects built on Hedera will be supported on Uphold.
The Hedera network led by the Hedera Global Governing Council comprises several world-leading organizations: Google, IBM, Standard Bank, LG, Boeing, Deutsche Telekom, London School of Economics, and University College London.

As reported, Hedera’s governing council member, LG Electronics, is launching a digital asset wallet application and entering the blockchain/NFT (non-fungible token) market in earnest. LG Electronics has created a crypto wallet application (app) named “Wallypto” and is conducting a beta test for developers this month. Wallypto supports HBAR and Hedera native NFTs. When the app is officially released, the supported networks and types of coins and tokens are expected to increase.
Ravencoin, a digital peer-to-peer (P2P) network that aims to implement a use case-specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another and built on a fork of the Bitcoin code, has now been listed on Kucoin according to the cryptocurrency listing Bot.
Bitcoin has dropped below $20,000 for a sixth straight trading session, the longest run of days since the cryptocurrency market was rattled by turmoil in July. On Thursday, the value of the biggest cryptocurrency dropped by as much as 3.1% to $19,577.Less than $1 trillion, or roughly a third of its peak market value reached in November, is now the size of the cryptocurrency industry.

The fall on September’s first day is unfavorable for the bellwether currency. Since 2017, every September has seen a decline in the price of Bitcoin, making it traditionally one of the worst months of the year. Over the past five years, the monthly decline in the price of Bitcoin has averaged 8.5%.

“There is a lot of fear that if we make new lows on BTC (as a proxy for the market), there will be another wave of crypto company defaults,” said Stephane Ouellette, chief executive of FRNT Financial Inc.

Bullish market players claim that some investors are already viewing the price decrease as a buying opportunity. At the time of publication, Bitcoin was changing hands at $20,083.
Image credit: Shutterstock

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