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Bitcoin Price Drops to Zero on CoinMarketCap While Ripple's XRP, Stellar (XLM), and Ethereum (ETH) Register Huge Gains

  • Alex Dovbnya
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    Ethereum finally claimed first spot on CMC after Bitcoin briefly disappeared from the website

Bitcoin Price Drops to Zero on CoinMarketCap While Ripple's XRP, Stellar (XLM), and Ethereum (ETH) Register Huge Gains
Cover image via www.123rf.com

On Sept. 18, Bitcoin suddenly disappeared from CoinMarketCap, the number one cryptocurrency-tracking website with over 44 mln monthly visitors.

This caused a string of appalling price alerts, which showed that the BTC price had dropped to zero on CMC.

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Of course, the pipe dream of all Bitcoin naysayers didn’t come to fruition, and the glitch was swiftly fixed.

At the time of writing, the top coin is trading at $10,212, according to Coin Stats data. Its dominance has dipped to 67.39 percent after multiple top altcoins posted massive price updates.

Top 5 coins 09/18/19
Image by coinstats.app

Ripple’s XRP and Stellar (XLM) are up by more than 17 percent and 18 percent respectively. Meanwhile, Ethereum, the biggest altcoin that briefly took the first place on CMC during Bitcoin’s exodus, has spiked 7.5 percent.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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