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Cryptocurrency News Cast For May 26th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 26-05-2020

๐Ÿ“ˆMarketCap:                  $247 B
๐Ÿ“Š24h Mcap %:                  -0.95%
⚠️Bitcoin Dom:                 65.50%

๐Ÿ“ŒActive Coins:                 3,137
๐Ÿ“24h Vol %:                      -7.89%
๐Ÿ’ฒ24h Vol:                          $96 B

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1. Louisiana Wants to License Crypto Businesses
Officials in Louisiana’s lower chamber have approved a proposal to regulate cryptocurrency businesses in the Southern U.S. state. Public records in the Louisiana state legislature show the proposal was passed and approved last week. If brought into law, it would create a framework for licensing businesses that work in the cryptocurrency sector. The House of Representatives in Louisiana approved the bill on May 20. It was then moved to the Committee on Commerce, Consumer Protection and International Affairs on May 21. Read Full on theblockcrypto.

2. Binance Adds ETH And XRP Options
A little over a month after major crypto exchange Binance launched options trading for Bitcoin, the company today announced the listing of Ethereum (ETH) and Ripple’s XRP contracts on its derivatives platform. Options are investment contracts that provide traders the right—but not the obligation—to purchase or sell an asset for a certain price during a specified timeframe. Ethereum and XRP options are available immediately on Binance.com. Read Full on twitter.

3. Bitcoin Core dev: Bitcoin Addresses Are Almost Unhackable
A Twitter user going by “MasterChangz” tried to make quite the scare on Twitter, indicating that he is testing 600 million private keys each second with a graphics card to try and hack a Bitcoin wallet. However as per a Bitcoin Core developer, there is no reason to be concerned. Luke Dashjr, a Bitcoin Core developer, remarked that at 600 MK/s computational power that most mid-high grade graphics cards have today it will take on average 38593493520073954175290747912192 years to crack an older Bitcoin address. Read Full on twitter.

4. European Data Experts Building Blokchain Based Coronavirus Health Passport
Health and data experts from three EU firms are developing a decentralized "Covid-19 health passport" that protects people's privacy. The passport will help governments to monitor the population’s state of immunity in real-time. The passport will be updated with coronavirus test results. It will run on the KSI blockchain developed by Estonian blockchain company Guardtime. Swiss security company SICPA; and French health platform OpenHealth, which maintains a database of 20 million French patients. Read Full on Decrypt.

5. Tyler Winklevoss: Bitcoin Is Much More Meaningful Than US Dollar
Tyler Winklevoss shared his thoughts on the latest market correction, which came on the heels of idle speculation that Satoshi is selling his vintage bitcoins. He explained that bitcoin took a nosedive after the Satoshi rumors on Wednesday. It shows “how much more meaningful the value of bitcoin is compared to the US dollar.” Winklevoss noted that investors care when 40 BTC is moved from a long-dormant account but do not care much when the Fed prints trillions of “toilet paper“ as they are now desensitized and have lost count. Read Full on twitter.

6. Indian Banks Can Deal with Crypto Businesses Says RBI
India’s central bank, the Reserve Bank of India, seems to finally be clarifying its stance on financial services for crypto-related businesses. In response to a right to information request, the RBI clarified that there are no restrictions on banks preventing them from providing an account to crypto companies or traders. The request was initially filed by Harish BV, a cofounder of local cryptocurrency exchange Unocoin. Harish BV said: “After Supreme Court scrapping RBI's Ban on crypto, it is clear that there is no need for any crypto company to register out of India.” Read Full on cointelegraph.

7. Bitcoin Transactions Gets Cheaper
The cost of making a Bitcoin transaction has fallen by 50% in five days, with the backlog of transactions, which had been clogging the network, starting to lessen up. The average fee incurred by users of the Bitcoin network fell by 53%—from $6.64 to $3.06, according to data from Bitinfocharts. The sudden drop in fees follows a drastic reduction in the number of unconfirmed transactions clogging up the Bitcoin mempool. Bitcoin’s mempool is where Bitcoin transactions sit, waiting to be confirmed on the network. Read Full on Decrypt.

8. Coinbase Ventures Invest In Indian Crypto Exchange CoinDCX
Indian crypto exchange CoinDCX has raised $2.5 million from Coinbase Ventures and Polychain Capital. The fresh investment comes just two months after CoinDCX’s $3 million Series A, which was also led by Polychain Capital. With the fresh capital in place, CoinDCX plans to set up a center of excellence to promote crypto adoption in India, co-founder and CEO Sumit Gupta told, adding that the exchange also plans to launch various new products for retail investors, including lending. The latest investment brings CoinDCX’s total funding amount to date to $6 million, Looking ahead, the exchange is open to raising more funds via strategic investors, Gupta told. Read Full on The Block.

News Source | cryptocrunchapp.com

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