Hey ninjas, how’s the trading. The United States Federal Reserve revealed its plan to launch a new real-time settlement service known as FedNow. The new platform aims to provide faster transactions 24 hours a day, 7 days a week. Fednow is set to be launched in 2023 or 2024. In other news, this week the United Nations gave a rough estimate of the proceeds acquired by North Korea from “Crypto-jacking” exchanges, “a Whooping 2 billion”.
The largest cryptocurrency by market cap Bitcoin (BTC), is reporting major losses in its value. BTC currently trading at $11,367, BTC achieved its highest point in the last 7 days trading around $11,900. BTC is reporting a 0.5% decrease in value in the last 24 hours. Bitcoin currently has a market cap of $202 billion.
Ethereum the largest altcoin is holding on to its position with a market cap of $22 billion. Ether is currently trading around $211 and is up 0.535 on the day. Ether achieved its highest point of the day trading at $215, and its lowest point trading at $206.
Ripples XRP the second-largest altcoin with a market cap of $12 billion, is reporting moderate losses on the day. XRP is down 0.67% in the last 24 hours and is currently trading at $0.29 at press time. XRP achieved its highest point of the day trading at $0.30.
Bitcoin Cash (BCH) is reporting gains in value over 1.94% in the last 24 hours and is currently trading at $324. BCH currently has a market cap of $5 billion, BCH reached its highest point of the day trading at $325 and its lowest point at $311.
Litecoin is reporting gains of 0.28% in the last 24 hours, while EOS reported a loss of over 0.72%. Litecoin is currently trading around $86 and has a market cap of over $5 billion, while EOS is currently trading at $4.13 and has a market cap of $3 billion. The total market capitalization of all cryptocurrencies at press time is $296,926,357,886.