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One Stop Cryptocurrency NewsCast For Today ?


📈MarketCap:                  $241 B

📊24h Mcap %:                  0.45%

⚠️Bitcoin Dom:                 65.3%

📌Active Coins:                2,394

📍24h Vol %:                 -21.13%

💲24h Vol:                     $69 B

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1.  Billionaire venture capitalist Tim Draper says Once Bitcoin goes through some improvements, there is no way anyone will want to use fiat currency again. Crypto supporter, known for his early investments in tech companies with transformative technologies, such as Tesla, Skype and Coinbase, predicts the widespread adoption of Bitcoin over the next decade as the king coin renders cash obsolete. The reasoning he gave was that, merchants don’t want to lose 4% every time you swipe your credit card. Read Full on The Daily Hodl

2.  Australian micro-investment startup Raiz has cleared the last legal hurdle with the Australian Securities and Investment Commission (ASIC), the country’s financial watchdog agency for the introduction of a Bitcoin-exposed investment product for retail users. The firm “rounds up” the spare change from the users’ purchases to invest it in a set of investment products, generally comprising exchange traded funds (ETFs). Raiz has 445 million Australian dollars ($305 million) in funds under management from 211,000 paying customers. Read Full on Cointelegraph

3.  Last week the altcoin market exploded, bursting through local downtrend resistance and going on a rally that added over $30 billion in value to the overall crypto market cap sans Bitcoin. The breakout was accompanied by the highest level of buy volume on the total altcoin market cap weekly price chart, which could indicate that the bottom is finally in for altcoins, and the market may soon reenter a bull phase. Read Full on NewsBTC

4.  The Indian Telecoms and IT Minister, Ravi Shankar Prasad, has tasked the National Informatics Centre (NIC) with developing a blockchain-based solution for improving the quality of government schools. The minister made the request at the inauguration of a blockchain technology center of excellence, set up by NIC. Both public and private schools are good, he confirmed, but he believed that leveraging blockchain technology could see a transformational change take place. Read Full on Cointelegraph

5.  Last week the altcoin market exploded, bursting through local downtrend resistance and going on a rally that added over $30 billion in value to the overall crypto market cap sans Bitcoin. The breakout was accompanied by the highest level of buy volume on the total altcoin market cap weekly price chart, which could indicate that the bottom is finally in for altcoins, and the market may soon reenter a bull phase. Read Full on NewsBTC

6.  During a livestream on Jan. 17, Charles Hoskinson, co-founder and CEO of IOHK, noted that he expects Cardano’s consensus algorithm to be upgraded with a hard fork next month. He said that he has “pretty high certainty” that the Ouroboros Bizantine Fault-Tolerant Consensus Protocol (OBFT) will be implemented in mid-February. Hoskinson also said during the livestream that Ledger hardware wallet integration with Daedalus Cardano wallet software is nearly ready for deployment. Read Full on Cointelegraph

7.  Bitcoin (BTC) options from CME Group more than doubled their traded volume in the first week after going live, data shows. Bitcoin options volumes skyrocketed in the seven days since they went live on Jan. 13. As of Jan. 17, volume was 122 contracts, worth 610 BTC ($5.27 million). By comparison, on day one, volume was 55 contracts, or 275 BTC (currently worth $2.37 million). Open interest on options stood at 219 contracts on Friday, equivalent to 1,095 BTC ($9.45 million). Read Full on CoinDesk

8.   Ripple's On-Demand Liquidity platform registers new ATH. Coins.ph and Bitso, saw the weekly and daily volumes, reached all-time highs yet again. The platform moved $5million a day and approximately $25 million in a week. The volume was noted to increase between the XRP/MXN corridors, along with an increasing remittance of the Philippines Peso [PHP]. Recently, XRP/MXN corridor marked an all-time high as the liquidity breached 10 million. XRP/PHP also saw a rise in liquidity as the coin reported 1.37 million. Read Full on AMBCrypto

9.   The Reserve Bank of India (RBI), the nation's central bank, has explained that it "ringfenced" financial institutions from dealing with cryptocurrencies over a range of perceived risks. In a response to a petition from the Internet and Mobile Association of India (IAMAI) – which is currently fighting a supreme court case over the issue on behalf of companies affected by the April 2018 order the RBI further said that in restricting bank involvement, it had not banned cryptocurrency use generally in India. Read Full on CoinDesk

10.  The Bank of England (BoE), has officially announced that it will explore potential use cases for central bank digital currencies (CBDCs). The BoE has created a group with five other central banks - the Bank of Canada, the Bank of Japan, the European Central Bank, the Sveriges Riksbank (Sweden) and the Swiss National Bank - to explore CBDCs. The group will be overseen by the Bank for International Settlements. The group will “assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability. Read Full on The Block

11.  Elon Musk can have Mars—there’s potential right here, says Ray Youssef, as the peer-to-peer Bitcoin marketplace begins work on its third African school, funded by its #BuiltwithBitcoin initiative. The new school is in Machakos County, Kenya, not far from the capital, Nairobi. Children from three to six years old will benefit from the education provided, and from a new water well system. Paxful is also donating $30,000 towards the initial operating costs of the school. Read Full on Decrypt

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