Bitcoin fell under $7,000 again and we saw other cryptocurrencies also experience losses over the past 24 hours. But Dogecoin gained more than 22% over the past 24 hours.
And in other crypto news, Some of the world’s biggest cryptocurrency exchanges are backing a $32 million stable coin project called Terra. These include Binance, Huobi, OKEx, and Dunamu & Partners. The stable coin is expected to be used as a payment solution.
Sources:
https://medium.com/strongholdxchg/stronghold-stellars-first-venture-backed-usd-anchor-30cf88fc3eb4
https://www.businesswire.com/news/home/20180829005292/en/Terra-Raises-32M-Seed-Funding-Build-Future
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