Sunday, January 5, 2020

One Stop Cryptocurrency NewsCast For Today ?

📮05-01-2020

📉 MarketCap:                  $201 B
📊 24h Mcap %:                  2.42%
⚠️ Bitcoin Dom:                 67.4%

📌 Active Coins:                2,424

📍 24h Vol %:                 -22.82%
💲 24h Vol:                     $47 B

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1.  Charles Hoskinson, hopes ADA will be the most predominant force in the crypto space by the end of 2020. He revealed that with the launch of its much-awaited ‘incentivized testnet,’ the team learnt a lot about stake pools and the business of maintaining a cryptocurrency, while creating stability. According to Hoskinson, the three crucial things that need to be aligned for Cardano to “displace” Bitcoin and achieve the number one spot are – commercialization, incentives, and technology. Read Full on AMBCrypto

2.  The Block Genesis published an overview of industry investment activity for the 2019 period, finding that a staggering majority of it occurred in Asia, North America and Europe. These regions saw activity dwarfed the number of developments in Oceania, South America and Africa. North America, Europe, and Asia accounted for approximately 99% of the investment deals in 2019. Overall, the blockchain/cryptocurrency sector saw approximately $3.7B in investments across 741 different deals during 2019. Read Full on The Block

3.  Changpeng Zhao, says one of his biggest goals in 2020 is to give people around the world the ability to buy crypto using any and every fiat currency they have access to. Speaking about next decade he told by 2030, not only will blockchain and crypto still be around, they will be everywhere. Crypto will be used to pay for self-driving versions of Uber. Crypto will be used to buy things from half a world away and have them delivered to you via drones. Crypto will be used to fund biotech research, to fund ambitious projects like going to Jupiter. Read Full on binance

4.  More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows. According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4. The volume underwent a significant increase in late 2019, jumping from around 40% in September to nearer 60% in October. Designed to increase the speed and efficiency of Bitcoin transactions and reduce their bulk, SegWit initially saw slow implementation. Read Full on Cointelegraph

5.  The founder of Mythos Capital informed via twitter now there is 3 mln ETH locked in DeFi as the network prepares to produce ‘the world's first bankless banking system’. Ryan Sean Adams, told almost 3 percent of all Ether supply is now locked in DeFi – that is 3 mln ETH. All Ethereum that was spent on ICOs in 2017 and earlier, he says, is now finding its way to DeFi money protocols. These crypto funds are going to be the basis for the first bankless banking system of the world instead of supporting ‘1,000 useless projects’, he writes. Read Full on twitter

6.  Brian Armstrong argues the next wave of cryptocurrency adopters will arrive because of new innovations from startup companies creating interesting applications. He told, The next 100M people who get exposure to cryptocurrency will not come from them caring about cryptocurrency, but because they are trying to play some game, use a decentralized social network, or earn a living, and using crypto is the only way to use that particular application. He believe that by the end of the 2020’s almost every tech startup will have some sort of crypto component. Read Full on coinbase

7.  Co-founder and Managing Partner at Multicoin Capital, Kyle Samani, shared his thoughts on the upcoming Bitcoin halvening event. Samani said that there will probably be “lots of volatility +/- 60 days” from the halvening event. He also said that they believe there will be fewer dollars across the spread to sell after the event. It will become easier for big capital to enter, big capital will not care about the price of Bitcoin at the time of entry, and also as the issuance is being cut in half Samani claimed that the halvening is “objectively bullish.” Read Full on twitter

8.  Binance.US. crypto exchange is joining the executive committee of the Chamber of Digital Commerce, a leading advocacy group fostering blockchain innovation and education, and the promotion of Bitcoin and digital currencies. Members of its executive committee include leaders who are building regulated fiat onramps and bridges between legacy finance and emerging digital assets, with the goal of developing platforms that are fully compliant to provide digital wealth management and trading services for the new economy. Read Full on binance.us

9.  While the market of decentralized applications remains dominated with dApps built on Ethereum. It looks like 2020 will be the year of Tron for the attention of dApp developers and users. Mike McCarthy, the advocate of Tron and BitTorrent platforms, revealed interesting statistics. According to him, the share of all daily total dApp users utilizing the Tron ecosystem exceeded 50 %. Only 20 % of this figure belongs to Tron directly while the BitTorrent and LINO platforms account for the rest of the Tron ecosystem share. Read Full on twitter

10.  More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows. According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4. The volume underwent a significant increase in late 2019, jumping from around 40% in September to nearer 60% in October. Designed to increase the speed and efficiency of Bitcoin transactions and reduce their bulk, SegWit initially saw slow implementation. Read Full on Cointelegraph


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