The Cryptocurrency Weekly Rundown

NDAX Inc
3 min readNov 16, 2020
  • BTC is currently trading at $21,190 up 4.93% in the last week.
  • Will Bitcoin hit a new all-time high? Bitcoin’s all-time high currently sits at $25,830 CAD. Check Bitcoin’s current price here.
  • The number of active Bitcoin addresses hits 1.18 million. Read more
  • Ripple buys $46 million worth of its native coin XRP to support ‘healthy markets’. Read more
  • The adoption of DeFi is skyrocketing! In the last year, the total number of users has increased from 83,828 users to 871,792 users. Read more
  • PayPal crypto service goes live, US PayPal users can now buy, sell and hold Bitcoin, Ether, Bitcoin Cash, and Litecoin in their accounts. Read more
  • BitPay launches a new service enabling businesses to pay employees, contractors, customers and vendors with cryptocurrency. Read more
  • The world’s second-biggest bank to Issue $3B in bonds tradable for Bitcoin Read more
  • Deutsche Bank says central bank digital currencies will replace cash in the long run. Read more

Lebanon to launch digital currency in the face of economic and financial turmoil.

Last week, Raid Salameh, governor of Lebanon’s central bank announced that they are preparing to launch a digital currency in 2021 as an effort to combat the economic and financial crisis the country is facing.

In the last year, there has been an influx of government bodies and banks planning to release digital currencies.

This week, Christine Lagarde, President of the European Central Bank said she has a ‘hunch’ that a digital version of the euro will launch in the next two to four years.

A blockchain-based electric vehicle charging platform trial gets $1M from the Canadian government

A pilot project for a blockchain-based electric vehicle charging platform has received $1 million in funding from Natural Resources Canada. The 3 years trial will be directed by SWITCH energy, an electric vehicle charging platform and Opus One Solutions, an intelligent energy software developer, to lower the cost of electric vehicle charging transactions and improve grid efficiency.

The project will test two different technologies on a pair of buildings in downtown Toronto. The first will turn electric vehicles into a power source for building residents by using a bi-directional charging technique, the vehicles will be charged up overnight using inexpensive electricity and can then supply excess power to buildings at peak times during the day. The second, will track energy usage and billing with blockchain technology. Learn more

  • BTC is currently trading at $21,846 up 17.76% in the last week.
  • ETH is currently trading at $615.00 up 4.33% in the last week.
  • XRP is currently trading at $0.38 up 16.76% in the last week.
  • USDT is currently trading at $1.32 up 2.68% in the last week.
  • LINK is currently trading at $16.99 up 2.16% in the last week.
  • LTC is currently trading at $96.33 up 21.58% in the last week.
  • ADA is currently trading at $0.14 up 0.69% in the last week.
  • DOGE is currently trading at $0.0038 up 15.38% in the last week.
  • EOS is currently trading at $3.34 up 4.42% in the last week.
  • XLM is currently trading at $0.10 up 2.56% in the last week.

NDAX is your trusted source in cryptocurrency, cybersecurity and blockchain. To get these updates straight to your inbox please subscribe here.

If you are based in Canada and looking for a secure Canadian Bitcoin exchange, then take a look at NDAX. NDAX is an easy-to-use, beginner-friendly exchange that can give you easy access to trade Bitcoin and other cryptocurrencies like Ethereum, ChainLink, Tether, XRP, Litecoin, Cardano, Dogecoin, EOS and Stellar.

--

--

NDAX Inc

Buy, sell and stake #cryptocurrencies in Canada 🇨🇦. Instantly 🚀.