Cryptocurrency update: Bitcoin slips 1.6%, Ethereum falls 5.2%
Most of the major cryptocurrencies were trading in red, with only USD Coin trading at $0.99, rose by 0.03%.
Bitcoin, the world’s largest cryptocurrency, on Monday fell by 1.68% to $43,252.32, while, Ethereum declined by 5.22% and was trading at $2,930.55. Most of the major cryptocurrencies were trading in red, with only USD Coin trading at $0.99, rose by 0.03%.
Top 10 Cryptocurrency prices as on August 9, 2021
| S.No | Name | Price in USD ($) | Price in INR (Rs) | %Change |
| 1 | Bitcoin | 43,252.32 | 32,13,539.25 | -1.68 |
| 2 | Ethereum | 2,930.55 | 2,17,732.54 | -5.22 |
| 3 | Tether USDT | 1.00 | 74.30 | -0.01 |
| 4 | Binance Coin | 336.66 | 25,013.00 | -3.61 |
| 5 | Cardano | 1.41 | 104.76 | -2.13 |
| 6 | XRP | 0.77 | 57.21 | -3.36 |
| 7 | DogeCoin | 0.24 | 17.83 | -4.64 |
| 8 | USD Coin | 0.99 | 73.55 | 0.03 |
| 9 | Polkadot | 19.23 | 1,428.74 | -5.06 |
| 10 | Uniswap | 25.85 | 1,920.59 | -6.06 |
*All prices as of August 9, 2021, at 7:55 AM, Table Source:coinmarketcap.com. Conversion rate for the USD to INR = Rs 74.30
Jumbish to launch art based NFT marketplace
Art tech organisation Jumbish has announced the launch of an exclusive art based Non Fungible Token (NFT) marketplace that platforms both upcoming and established artists and creators, and connects them with collectors in an online blockchain-powered marketplace.
NFTs have existed for years, but in the last few months they have been given a fresh lease of life to cryptocurrency and crypto-art. Artists conversant with technology have been able to drive the NFT surge through digital art, however there is a misconception that NFT marketplaces are only for digital art.
Combined with Jumbish’s JDAT technology that authenticates provenance for physical artworks, the NFT marketplace will allow stakeholders to buy and sell art with a unique identity, said the company in a statement. Also, the Jumbish NFT marketplace will enable sale and purchase of NFTs in all currencies.
Current NFT platforms charge exorbitant gas fees. However, creators will spend only $1 (Rs 70) on the Jumbish NFT platform. The new platform is built on a layer two blockchain architecture, and will go a step ahead of competition with their lower energy impact and considerably low gas fees to support the upcoming artists in the art ecosystem in the country, Jumbish CEO Shankar Mridha said to The Economic Times.
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