Cryptocurrency news: Polkadot declines by 5.9%; Dogecoin slips 2.8%
Top cryptocurrency prices today: Polkadot was the top loser and was down by 5.9% to $34.33. While, Dogecoin inclined by 2.8% to $0.24
Polkadot registered the highest decline of 5.93%, and was trading at $34.33. On the other hand, Dogecoin slumped by 2.86% to $0.24. Seven of the top ten cryptos were trading in red on Saturday. Bitcoin, which is the oldest and the biggest cryptocurrency increased by 0.36% to $48,056.28. The second largest token, Ethereum declined by 2.34% to $3,471.69. USD Coin and Tether USDT increased by 0.02% and 0.01% respectively. All the cryptocurrencies remained in the same position, in terms of ranking.
Cryptocurrency prices
| S. No | Cryptocurrency | Price (in $) | Price (in Rs) | %Change |
| 1 | Bitcoin | 48,056.28 | 3,541,507.55 | 0.36 |
| 2 | Ethereum | 3,471.69 | 255,846.19 | -2.34 |
| 3 | Cardano | 2.38 | 175.39 | -1.25 |
| 4 | Binance Coin | 415.07 | 30,588.58 | -1.20 |
| 5 | Tether USDT | 1.00 | 73.70 | 0.01 |
| 6 | XRP | 1.08 | 79.59 | -1.22 |
| 7 | Solana | 145.89 | 10,751.36 | -1.08 |
| 8 | Polkadot | 34.33 | 2,529.95 | -5.93 |
| 9 | Dogecoin | 0.24 | 17.69 | -2.86 |
| 10 | USD Coin | 1.00 | 73.70 | 0.02 |
*All prices as of 18th September 2021, at 10:15 AM, Table Source: Coinmarketcap.com. Conversion rate for the USD to INR used was $1=Rs 73.70
More than 60 cryptocurrency exchanges to suspend services next week
Over 60 cryptocurrency exchanges in South Korea must notify customers by Friday midnight, of a partial or full suspension a week before a new regulation comes into effect.
By September 24, the exchanges must register with the financial intelligence unit and provide a security certificate to continue their operations without any hinderance. They must also partner with banks to ensure real-name accounts. Exchanges that are not registered by September 24 will be suspended.
Governments will kill Bitcoins, if its too successful
In an interview with CNBC, Ray Dalio said that if Bitcoin becomes too successful, then governments across the world will kill it.
The world’s largest hedge fund manager admitted that he owns Bitcoin, but his investment is only a fraction of his investment in gold. He further added that Bitcoin does not have an intrinsic value.
Dalio further argued that the world’s largest cryptocurrency’s value may lie in perception and diversification. His comments on the back of the proposed cryptocurrency bill from the Indian government which is looking to ban all forms of private cryptocurrencies.