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Cryptocurrency News Cast For May 25th 2020 ?

Image Source | Pixabay.Com

๐Ÿ“ฎ 25-05-2020

๐Ÿ“ˆMarketCap:                  $249 B
๐Ÿ“Š24h Mcap %:                  -0.69%
⚠️Bitcoin Dom:                 65.50%

๐Ÿ“ŒActive Coins:                 3,126
๐Ÿ“24h Vol %:                      2.95%
๐Ÿ’ฒ24h Vol:                          $106 B

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1. XRP to Play Key Role in Digital Transformation
Money transfer giant MoneyGram says Ripple's native token XRP is a critical component in the company's push to grow digital remittances. In the last two months, the Texas-based payments firm has seen its digital transactions surge amid the coronavirus pandemic. In the quarter ending March 31, 2020, MoneyGram’s digital transactions grew 57% year-over-year. The company says it’s using the digital asset to power 10% of its transaction volume between Mexico and the US. Read Full on The Daily Hodl.

2. China’s National Congress Proposes Blockchain Development Fund
National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. Reportedly Jieqing Tan, Deputy to the NPC, suggested setting up a special fund for blockchain industry development. If accepted, this fund would be led by the government. The aim of the fund is to support the development and growth of a number of promising blockchain enterprises, encourage blockchain technology innovation. Read Full on cointelegraph

3. 2.2 Billion Of USDT Is Now On TRON Network
The Tether Treasury has been issuing USDT in record numbers for the past few months which has made Tether now the third-largest cryptocurrency with a market capitalization surpassing Ripple’s XRP. As per recent tweet shared by Tron CEO Justin Sun, it looks like one fourth of this USDT has gone to TRON (TRX) network. Sun, has recently touted the milestone on Twitter confirming that Tron now has over 2.2 billion USDT on its network. Read Full on twitter.

4. Now Over 30 Million bitcoin wallets holding on to BTC
Bitcoin (BTC) wallets with a positive address have crossed 30 million for the first time, with less than 1% containing 10 BTC. There are now just over 30.4 million addresses with a balance greater than 0.1 BTC, up from around 25 million at the same point in 2019. According to the latest data from monitoring resource Bitinfocharts, a wallet balance of 10 BTC are being holded by 0.51% of total addresses. Balances of 10-100 BTC make up 0.45% of the total, while wallets between 1-10 BTC contribute just 2.17%. Read Full on cointelegraph.

5. Robert Kiyosaki Again Urges To Buy Bitcoin As Economy Worsens
Robert Kiyosaki, the author of international bestseller ‘Rich Dad, Poor Dad,’ has once again asked his followers to buy Bitcoin and precious metals (silver and gold) in a viral tweet. He says that dominos are ‘starting to fall’ amidst the ongoing crisis, which is why he expects investors to flock to the aforementioned assets. According to Kiyosaki, the Mall of America, the biggest shopping center in the U.S., is one of these metaphorical dominos, which has already missed the second payment on its $1.4 bln mortgages. Read Full on twitter.

6. Ripple's New Platform Lets XRP Holders Be Their Own Bank
Ripple just released a deep dive on a new XRP-focused platform designed to give XRP holders a unique way to spend XRP. The platform, called Xumm, is from Ripple-backed development studio XRPL Labs and is currently in beta version. According to Ripple’s head of developer relations, Warren Paul Anderson, Xumm provides people a way to save and spend dollars, euros, XRP and other currencies without the need for assistance from a financial institution, allows its individual users to ‘be your own bank. Read Full on Ripple.

7. Japanese Senator: Crypto Will Be Important Post-COVID World
In a world ravaged by the ongoing pandemic, regulators around the world are increasingly looking into crypto and blockchain technology. Japanese officials are the latest to join the crypto-narrative. Senator Otokita Shun, member of Tokyo Nippon Ishin’s Committee on Financial Affairs revealed his view on the role of cryptocurrencies. He noted, that in the world after-corona, the importance of cryptocurrencies and blockchains will increase and obstacles for financial and tax, that impede progress, will be worked and improved upon. Read Full on CryptoSlate.

8. Blockchain Will Play Crucial Role in VR-Powered Social Media
Blockchain and VR-powered social media platform, Sensorium, has announced its membership in the Global Blockchain Business Council. A GBBC representative stated that the convergence of VR and social media is already beginning to gain momentum, noting that major platforms such as Facebook are providing users with new ways to share and experience content. Within this context, blockchain technology will likely play an important role in the creation of digital assets and an online virtual economy, the representative stated. Read Full on cointelegraph.

News Source | cryptocrunchapp.com

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