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Payments company Square Inc on July 8 said it will make a hardware wallet for bitcoin

July 09, 2021 / 08:07 AM IST

Most cryptocurrencieswere trading in the red, with bitcoin down 2 percent, early on July 9. The global cryptocurrency market is currently $1.35 trillion, a decline of 4.84 percent over the past 24 hours.

Bitcoin, the world's largest cryptocurrency by market capitalisation, is trading at over $32,700. The price of ether is down 9 percent, trading at over $2,000.

Payments company Square Inc on July 8 said it will make a hardware wallet for bitcoin.

"We have decided to build a hardware wallet and service to make bitcoin custody more mainstream...", Jesse Dorogusker, head of hardware at Square said in a series of tweets.

The news comes amidUS Senator Elizabeth Warren raised concerns abouttherisks posed to consumers and financial markets by the cryptocurrency market.

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Cryptocurrency Prices Today on July 9: Bitcoin, ether trade in the red - Moneycontrol.com