Crypto News: Circle Launches A Stablecoin; Tim Draper And Peter Brandt Claim Bitcoin Hit Its Lowest Level At $6,350

The crypto market has been very volatile these days with some coins surging to the moon thanks to exciting announcements in the cryptosphere, and others, more specifically Bitcoin, dropping a lot.

Circle launches its stablecoin

Meanwhile, Berminal reports that Circle announced that from now on, individuals and institutions would be able to tokenize physical currency for cross-border and overseas transactions.

This new stablecoin is called USDC, and it’s built on the Ethereum ERC20 protocol. Circle currently operates Poloniex, while it is backed by Goldman Sachs.

Bitcoin is trying to recover from the bear attack

Bitcoin is currently trying to recover from Tuesday’s bear attack when the digital asset fell and hit $6,350. Bitcoin is currently trading in the green and it’s priced at $6,488.30 on CoinMarketCap.

Peter Brandt, Mike Novogratz, Tim Draper, and more experts have reportedly concluded that Bitcoin bottomed this week and it will gear up and reverse its course shortly, according to tot Bernimal’s reports.

FireShot Capture 174 Bitcoin price charts marke  https   coinmarketcap.com currencies bitcoin  1024x501 - Crypto News: Circle Launches A Stablecoin; Tim Draper And Peter Brandt Claim Bitcoin Hit Its Lowest Level At $6,350

XRP vs. Ethereum (ETH)

Ethereum is currently placed on the second position on CoinMarketCap, being priced at $215.88 with a total market cap of $22,066,105,877.

XRP is occupying the third position, behind ETH and it’s currently being traded in the red on CoinMarketCap, and it’s priced at $ 0.516695. XRP’s total market cap is now $20,601,116,002.

Last week on Friday, XRP was up by 200% as you can see in the chart below, and it managed to reach a peak of $.076 making all Ripple enthusiasts jump for joy.

FireShot Capture 173 XRP XRP price charts mark  https   coinmarketcap.com currencies ripple  1024x528 - Crypto News: Circle Launches A Stablecoin; Tim Draper And Peter Brandt Claim Bitcoin Hit Its Lowest Level At $6,350

Sikur to roll out a Sony smartphone, SIKURPhone

Sikur revealed that the company plans to launch a Sony smartphone customized model, SIKURPhone, according to Berminal.

The device will be Android enhanced with a secure crypto-oriented SikurOS software which will include a crypto wallet and a bunch of security-oriented features including the functionality of remotely wipe the device together with Sikur’s Secure App Store which will be launched before the end of this year.

Coinbase plans to add more cryptos

Coinbase is the world’s largest crypto exchange platform, but it still offers less than ten digital assets.

The company just announced that it plans to change this shortly and list more cryptos on its platform.

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The announcement triggered massive enthusiasm in the cryptosphere.

The company also plans to add a system via which projects will have the ability to request the exchange for listing.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Coinbase
Coinbase

Coinbase is a digital currency exchange headquartered in San Francisco, California.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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