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Cryptocurrency News Cast For May 27th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 27-05-2020

๐Ÿ“ˆMarketCap:                  $256 B
๐Ÿ“Š24h Mcap %:                   4.10%
⚠️Bitcoin Dom:                 65.90%

๐Ÿ“ŒActive Coins:                 3,142
๐Ÿ“24h Vol %:                       2.04%
๐Ÿ’ฒ24h Vol:                          $100 B

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1. Half of BTC's Active Supply Hasn't Moved In Over A Year
Bitcoin HODLing continues to increase. Benjamin Celermajer, index manager at crypto analytics firm Coin Metrics, revealed that Bitcoin’s one-year HODL Factor is at an all-time high of above 50%. This metric means that more than half of the Bitcoin active supply has not moved in over a year. An increase in the Bitcoin HODL factor across any significant time range points to token owners less keen on spending their BTC. Rather, wallet holders are seemingly preferring to keep their BTC stash. Read Full on twitter.

2. 10% of Remittance Flow From US to Mexico Moving Through XRP
Warren Anderson, head of developer relations at Ripple, told Ripple is one of the few companies in crypto space that is reaching more mainstream audience through its partners, he revealed company has been processing upwards of 10% of the total money flow in the US-Mexico corridor through its XRP remittance platform, ODL. Ripple’s payment flow between the US dollar and Mexican peso is powered by the Mexico-based crypto exchange Bitso. Read Full on The Daily Hodl.

3. Ethereum Based USDT Transactions Reached New Highs
On Monday, the total number of daily transactions that involved Ethereum-based Tether (USDT), the most used stablecoin in the cryptosphere, has reached a new all-time high. According to Etherscan, 208,107 transactions were made, worth $1.2 billion, within a span of 24 hours. According to Etherscan, USDT’s historic trading volumes began to sharply spike in September 2019, reaching 188,621 daily transactions at the month’s peak—worth roughly $620 million in USDT. Read Full on Decrypt.

4. Tencent Plans $70B Investment in Emerging Tech Including Blockchain
Tencent is following fellow Chinese conglomerate Alibaba in plugging billions of dollars into developing cutting-edge technology solutions. Tencent revealed plans to invest 500 billion yuan (~ $70 billion) in tech infrastructures like the blockchain, AI, and cloud computing in the next five years. The planned $70 billion fund is also part of a growing trend of public and private entities in China investing in the blockchain space. The adoption of the technology is reportedly growing in the country. Read Full on BeInCrypto.

5. Australia's Leading Investment App Offers Bitcoin Exposure
Australia’s leading micro-investing app Raiz with 215,000 monthly users now offers its users a small allocation into Bitcoin. Raiz Invest’s new Sapphire portfolio includes a 5% allocation into Bitcoin. This Bitcoin allocation, while small at 5%, seems to give credence to the idea that investors are increasingly viewing Bitcoin as a hedge asset. Gemini, the crypto exchange and custodian founded by Tyler and Cameron Winklevoss, will custody the Bitcoin in the portfolio. Read Full on Decrypt.

6. Ethereum Is 'Significantly Undervalued' Says Crypto-Focused Research Firm
Crypto-focused research firm Blockfyre explained that "Ethereum is significantly undervalued at current prices." Blockfyre says its analysis is focused on the following four progress indicators for Ethereum: Development Activity. Gas Used (activity on the Ethereum network keeps growing). Mean Dollar Invested Age (investors like HOLDing Ethereum). Miner's Balance (miners like HODLing Ethereum too). Read Full on Twitter.

7. Vodafone Will Connect Energy Producing Devices Using Blockchain
Global telecommunications giant Vodafone has partnered with blockchain startup Energy Web (EWT) to connect “billions" of distributed energy generating assets via internet-of-things (IoT) and distributed ledger technology (DLT). The project will create secure IDs for energy assets. ”Erik Brennei, director of Vodafone Business IoT, stated, “As the number of decentralized, new-generation, low-carbon devices grows, the project will be securely connected regardless of their location.” Read Full on Cointelegraph.

8. Brave Browser Launches Privacy-Centered Zoom Competitor
Brave Software has announced the launch of Brave Together, a privacy-focused video conferencing service to compete with Zoom. According to an official tweet published on May 26, Brave Software has launched a free video calling service currently avaible in North America for users of their Nightly Browser program. Nightly functions as a testing and development sandbox for Brave to implement new programs and product features. Brave Software has launched a free video calling service currently avaible in North America for users of their Nightly Browser program. Nightly functions as a testing and development sandbox for Brave to implement new programs and product features. Read Full on twitter.

News Source | cryptocrunchapp.com

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