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One Stop Cryptocurrency News Cast For April 23rd 2020 ?

Image Source | Pixabay.Com

๐Ÿ“ฎ 23-04-2020

๐Ÿ“ˆMarketCap:                  $213  B
๐Ÿ“Š24h Mcap %:                  4.56%
⚠️Bitcoin Dom:                 63.90%

๐Ÿ“ŒActive Coins:                 3,017
๐Ÿ“24h Vol %:                      21.26%
๐Ÿ’ฒ24h Vol:                         $149 B

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1. Bloomberg: Bitcoin On Its Way Of Becoming Digital Gold
A recent Bloomberg report concluded that Bitcoin may be priming for a massive bull run. The report mentions a number of reasons that the Bitcoin market is maturing, and that it is due for a bull run. It also affirms that “Bitcoin is gaining relative fuel as stocks reset, if history is a guide”. Bloomberg says that Bitcoin and gold, both considered hedge assets, are expected to win the most from the recent COVID-19 induced market turmoil. The report reiterates that 2020 will be the year when Bitcoin becomes digital gold. Read Full on cointelegraph.

2. Launch Your Own Decentralized Crypto Exchange With New Wordpress Plugin
Blockchain startup incubator, Draper Goren Holm, launched what it claims to be the first crypto decentralized exchange, or DEX, plugin for leading website backend software, WordPress. According to announcement, the plugin is “the easiest way for anyone, not just engineers, to launch their own cryptocurrency exchange” Venture capitalist Tim Draper commented. With the plugin, websites can now feature an on-site DEX that allows users to exchange between a long list of cryptocurrencies, tokens, and stablecoins. Read Full on drapergorenholm.

3. Ethereum 2.0 Testnet Reaches More Than 20,000 validators
Number of validators on the Ethereum 2.0 testnet has reached above 20000, just days after the first (genesis) block was successfully mined and validated on April 18. According to blockchain explorer Etherscan, there are currently 20,503 active validators on the Ethereum 2.0 test network, with an additional 1,162 marked as “pending” at the time of writing. The Ethereum 2.0 Topaz testnet was launched on April 16 by Prysmatic Labs. One of the key goals for Topaz is to test the Phase 0 proof-of-stake protocol implementation on Ethereum 2.0. Read Full on Decrypt.

4. Mike Novogratz Believes Bitcoin's Moment Is Right Now
The cryptocurrency community believes that Bitcoin was made for the type of economic upheaval that has gripped the world since COVID-19. Mike Novogratz, Galaxy Digital founder and former hedge fund trader tends to agree, saying in an interview with CNBC that Bitcoin is facing a key moment, as monetary policymakers continue to dole out trillions in stimulus. Novogratz, whose investment strategies straddle both a macro portfolio and cryptocurrencies, is finding anecdotal evidence that Bitcoin adoption is at hand. Read Full on twitter.

5. CoinMarketCap Will Offer Crypto Payments and Invoice Options
CoinMarketCap, announced that they will tap Gilded, an American startup, to automate invoicing and offer clients crypto payment options. Whenever a Coinmarket representative marks something as “ready for payment”, the system automatically generates and sends out an invoice offering the customer a variety of payment options, including cryptocurrencies and credit cards. Once received, the Gilded solution can automatically convert it to a stablecoin to reduce volatility. Supported stablecoins include USDC, DAI, USDT, and Binance Stablecoin (BUSD). Read Full on Crypto Briefing.

6. Smart Contracts on Ethereum Almost Tripled in March Reaching 2 Million
Smart contracts on the Ethereum network are hitting a new all-time high, up almost 3x from the previous month to nearly 2 million, while deployment costs for the network are at a low. Dune Analytics, an online analytics platform, recorded the number of contracts deployed on Ethereum over the last 12 months with the average only registering around 670,000 contracts per month. This suggests that the adoption of the Ethereum platform is on the rise, signaling strong support for the coming upgrade to Ethereum 2.0. Read Full on cointelegraph.

7. Report: Starbucks, McDonald's Will Trial China's Central Bank Digital Currency
Restaurant giants Starbucks and McDonald's will reportedly test China’s central bank digital currency. The Reformation and Development Commission of the Xiong'An district in Hebei province reportedly convened a meeting on Wednesday regarding the rollout of a pilot for China's digital yuan initiative. Meeting involved representatives from government agencies, China's four state-owned commercial banks, Ant Financial, Tencent, as well as 19 restaurants, entertainment and retail shops that will participate in the test. Read Full on coindesk.

8. LG’s new digital currency system lets you pay with your face
LG CNS, an IT arm of South Korean tech giant LG Corporation, has announced today that it’s testing a digital currency payment system using facial recognition in one of its employee cafeterias. According to the official announcement, the new service combines artificial intelligence (AI), cloud and blockchain technologies, using AI software to recognize customers’ faces. After the customer’s face is scanned, payments for the food ordered are calculated and made automatically using a pre-registered blockchain-based community currency. Read Full on Decrypt.

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