Crypto News Recap: Bitcoin Plummets 15%, Pornhub Accepts Crypto Payments
- Date: 07-Sep-2020
- Source: Al Bawaba
- Sector:Financial Markets
- Country:UAE
Crypto News Recap: Bitcoin Plummets 15%, Pornhub Accepts Crypto Payments
In the past week, the flagship cryptocurrency, Bitcoin, went through a price correction. Trading today at $10,183, Bitcoin's price slid from $12,000 losing 15% of its value in the span of four days as you see in the 7-day chart below. Some analysts believe that the value of the US dollar plays a huge role in the Bitcoin's value; the stronger the dollar, the weaker the Bitcoin.
The University of Dubai Publish e-Credentials of graduates on blockchain platform
The University of Dubai announced the success of publishing e-credentials of graduates on a tamper-proof blockchain certificate platform.
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This Shahada initiative was part of the UAE's Blockchain Strategy. According to the announcement, the platform published over 2,000 graduates' e-credentials on the blockchain platform so far. Using blockchain technology will 'reduce operational and production costs for issuance and verification of certificates', the website says.
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