Cryptocurrency update: Bitcoin drops 4.8%, Ethereum falls by 0.6%
Most of the major cryptocurrencies traded in red in the last 24 hours. Tether and USD coin however showed a marginal increase of 0.03% and 0.10%
Bitcoin, the world’s largest cryptocurrency, on Monday fell by 4.88% and was trading at $39,718.76. Ethereum also dropped by 0.62% to $2,548.56. Most of the major cryptocurrencies traded in red in the last 24 hours. Tether and USD coin however showed a marginal increase of 0.03% and 0.10%, with both trading at $1.00 respectively. Uniswap replaced Binance USD to become the 10th most valued cryptocurrency. Uniswap’s dropped 1.38% and was trading at $21.69.
Top 10 Cryptocurrencies on 02, August 2021
| S.No | Name | Price | %Change |
| 1 | Bitcoin | $39,718.76 | -4.88 |
| 2 | Ethereum | $2,548.56 | -0.62 |
| 3 | Tether USDT | $1.00 | 0.03 |
| 4 | Binance Coin | $328.49 | -3.32 |
| 5 | Cardano | $1.31 | -2.40 |
| 6 | XRP | $0.72 | -4.21 |
| 7 | USD Coin | $1.00 | 0.10 |
| 8 | Dogecoin | $0.20 | -2.57 |
| 9 | Polkadot | $18.20 | -1.10 |
| 10 | Uniswap | $21.69 | -1.38 |
*All prices as of 02 August 2021, at 7:12 AM, Table Source:coinmarketcap.com
Uniswap in talks with PayPal
In a deleted Youtube video from EthCC conference held last week in Paris, Uniswap, Ethereum’s largest decentralised exchange by volume, was looking to expand into consumer finance. At the event, Ashleigh Schap, the growth lead, said the team behind the trading protocol is in talks with well-known fintech companies to provide decentralised finance to the mainstream. Schap added that they are already in talks with PayPal and Stripe for the same.
However, Uniswap founder Hayden Adams tweeted that they have not partnered with the companies mentioned in the EthCC talk. He said the video was deleted at Uniswap’s request as “we thought it could be interpreted to suggest we have relationships that we don’t”.
As per Schap’s representation, Uniswap is looking to build partnership between consumer finance and decentralised finance using intermediary firms like Fireblocks, Paxos and Talos. Paxos was the firm that built the platform that powers PayPal’s crypto service.
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