Crypto World in 24hrs | 9th Sep.

Cryptocurrencies Continue Gaining as Global Markets Show Positive

Cryptocurrencies extend gain amid a positive trend in global markets.

The global crypto market cap continues to remain over the psychological $1 trillion level, and the prices of the top two coins – Bitcoin (BTC) and Ethereum (ETH) – have remained bullish. 

The global cryptocurrency market cap rise by 1.2% to $1.09 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $94 billion. 

Top Crypto Prices on 9 Sep

Bitcoin (BTC): Bitcoin price has increased by 10.02% in the last 24 hours. At the time, BTC was trading at $21,083. In the last 7 days, BTC price has jumped more than 4%. It is currently the top leading crypto asset.

Ethereum (ETH): Ethereum price increased by around 6.6% to $1,720 in the last 24 hours. In the last 7 days, ETH price has increased by over 8.3%. It is currently ranked as the 2nd largest crypto asset.

Binance (BNB): Binance Chain coin’s price is currently trading at $293, increasing 5.4% in the last 24 hours. In the last 7 days, BNB price has increased by over 5.1%. It is currently ranked as the 5th largest crypto asset.

Solana (SOL): Solana's price rise 6.44% to $35.23 in the last 24 hours. In the last 7 days, SOL price has increased by nearly 11.45%. It is currently ranked as the 9th biggest crypto asset on CoinGabbar. 

Cardano (ADA): Cardano token’s price increased by 5.62% to $0.50 in the last 24 hours. In the last 7 days, ADA prices have increased by 8.75%. It is currently ranked as the 8th biggest crypto asset on CoinGabbar. 

CoinGabbar Stories

Ballon d’Or Winners to Receive NFTs

The organizers of the Ballon d'Or, the most prestigious individual award for professional footballers, have announced that along with trophies the winners will receive NFTs as well.

The initiative is a partnership between the blockchain platform Tezos and Door-Sport, a creative firm interested in sports and Web3.

Russian Lawmaker Calls for Legalizing Cross-border Crypto Payments

A high-ranking member of the Russian parliament has called for the adoption of a legal framework to regulate cross-border cryptocurrency payments. 

The proposal comes after key regulators in Moscow stated that cryptocurrency should be permitted in overseas trading.

Japanese Government Recognises Local Authorities With NFTs

The Japanese government is one of the first to deploy non-fungible tokens (NFTs) as an additional incentive to local authorities. 

The awards were given to local authorities to recognize their achievements in employing digital technology to tackle local challenges.

Ford Gears Up to Enter the Metaverse

Ford Motor Company has filed 19 trademark applications across its key automobile brands. The trademark applications include virtual automobiles, trucks, vans, SUVs, and clothing for its brands, as well as a proposed online marketplace for NFTs.

The company also revealed plans for downloadable virtual products. This includes computer applications with automotive accessories and apparel for use in online virtual worlds.

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