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Cryptocurrency News Cast For May 15th 2020 ?

Image Source | Pixabay.Com

📮 15-05-2020

📈MarketCap:                  $258 B
📊24h Mcap %:                 -1.86%
⚠️Bitcoin Dom:                 67.30%

📌Active Coins:                 3,098
📍24h Vol %:                    -19.80%
💲24h Vol:                         $150 B

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1. Report: Ripple Will Soon Start Offering Loans To Its Customers
Ripple is building a lending offering, a spokesperson of the company has confirmed. The company would provide working capital loans to RippleNet customers, and Ripple is currently hiring a director of product management for its loans division. Working capital loans are usually saught by small and medium-sized firms for funding their daily business operations. Ripple's loan product will work in connection with its On-Demand Liquidity (ODL) payment solution, which uses XRP. Read Full on The Block.

2. Bitcoin Performing Two Times Better Than Gold
Continuing to outpace mainstream markets, Bitcoin flexes gains more than double that of gold. Amid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold. An increasing number of mainstream personalities have entered the crypto space in recent days including hedge fund manager Paul Tudor Jones. At press time gold has risen approximately 13% from the start of 2020. In the same time frame, Bitcoin boasts a 38% gain. Read Full on tradingview.

3. Visa Seeking Patent For Digital Currency
On Thursday, the U.S. Patent and Trademark Office published Visa's patent filing, which was initially submitted in Nov. 2019. The proposed invention is pitched as a way to bridge the advantages offered by cryptocurrencies with those provided by traditional, government-issued ones. The application also includes eleven mentions of Ethereum. Indeed, it indicates that Ethereum could form part of an implementation of the invention. Hyperledger Fabric is almost mentioned as another blockchain platform for possible use in such a system. Read Full on The Block.

4. China Recognizes Blockchain Jobs as New Occupation
China to officially set blockchain Jobs as a new occupation to promote employment amid global COVID-19 pandemic. China’s Ministry of Human Resources and Social Security, or MOHRSS, the ministry responsible for national labor policies and regulations have added blockchain-related jobs to a list of officially recognized jobs. According to a May 11 statement by the MOHRSS, blockchain-focused professions, like tech developers, engineers, and analysts, are among 10 newly recognized jobs. Read Full on cointelegraph.

5. Coinbase Customers Use Bitcoin as an Entrance to Diversify Into Altcoins
Bitcoin (BTC) acts like a gateway down the altcoin rabbit hole. Coinbase research found that while 60% of users buy Bitcoin as their first cryptocurrency purchase, only 24% of investors maintain the Bitcoin faith. Justin Martin from Coinbase Corporate Development explained in Around The Block the sentiment behind this behaviour: “This could be for a variety of reasons, but one is largely psychological. As people feel good about their initial crypto investments (into Bitcoin), they branch out to find other possible categorical winners (as evident in the 2017 bull run).” Read Full on coinbase.

6. African Crypto Market is Untapped Because of Different Challenges: Binance CEO
Binance founder CZ sees the African continent as an untapped environment for exchanges to drive cryptocurrency adoption. The sheer number of Africans that are unbanked remains a major barrier to entry, as does basic Know Your Customer processes being carried out due to varying socioeconomic difficulties facing many Africans: “It is a very much untapped market. There’s a different set of challenges there. I think basically, that’s the reason for it being untapped. Working with banks there is a little bit more difficult," said CZ. Read Full on cointelegraph

7. Bitcoin Options Open Interest on CME Spikes 900% in One Month
The Chicago Mercantile Exchange, which was among the pioneers of Bitcoin (BTC) derivatives contracts is experiencing a significant influx of new 'open interest' positions. According to data provided by the Skew on-chain analytical team, the volume of Bitcoin (BTC) options open positions has gone through the roof this May. The most recent open interest volume from May 14, 2020, was about $142M while the average volume of this indicator in 2020 so far, is $14M. Read Full on twitter.

8. South Korean Fintech Sandbox Has Generated 380 New Blockchain Jobs
South Korea’s regulatory sandbox has helped create almost 380 blockchain and other fintech jobs and generated around 136.4 billion won ($110 million) in investments. Sandbox is overseen by the government's financial regulator, the Financial Services Commission, or FSC. It temporarily exempts companies from various regulations regarding financial services to aid with innovation and growth. Some of the companies participating in the government-sponsored program are pursuing business across 14 countries in Asia. Read Full on cointelegraph.

News Source | cryptocrunchapp.com

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