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Cryptocurrency News Cast For May 30th 2020 ?


Cryptocurrency News Cast ๐Ÿ“ฎ 30-05-2020

๐Ÿ“ˆMarketCap:                  $268 B
๐Ÿ“Š24h Mcap %:                   1.60%
⚠️Bitcoin Dom:                 65.20%

๐Ÿ“ŒActive Coins:                 3,150
๐Ÿ“24h Vol %:                      -3.56%
๐Ÿ’ฒ24h Vol:                          $103 B

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1. Amazon Patents Blockchain-Based Platform For Product Authenticator
Amazon, a kingmaker of e-commerce and shipping, has patented a distributed ledger-based (DLT) system for proving the authenticity of consumer goods. The patent describes using DLT to infuse “digital trust from the first mile of an item’s supply chain” to the last. Amazon said DLT can protect data from alteration, remove single points of failure and avoid the managerial problems of centralized authority, like bottlenecks. Amazon said in the patent that Hyperledger could be one form of DLT used. Read Full on CoinDesk.

2. China’s TON Community Will Launch Telegram’s Abandoned Crypto Project
As the official Telegram Open Network (TON) team transfers the TON development to “free source community,” the Chinese TON Community voiced its intention to launch a separate TON-based network. The new effort comes in response to Telegram CEO Pavel Durov officially shutting down the firm’s involvement in the project. The community plans to launch their own TON blockchain testnet as well as roll out a project website. The Chinese TON Community will be seeking to recruit more participants to develop the network. Read Full on cointelegraph

3. Kraken CEO: Bitcoin Would Be Worth $100,000
CEO of the US-based crypto exchange Kraken Jesse Powell says believes Bitcoin is on the cusp of a new long-term rally to $100,000. He argued the masses don’t yet understand the importance of Bitcoin’s scarcity and independence from banks and middlemen. He expects that to change in the decade ahead, when the value of the dollar dwindles. He told, we’re in a completely unprecedented time in terms of the global political and economic systems, believe that this is going to drive a pretty massive shift into digital currency. Read Full on youtube.

4. Alibaba To Develop Blockchain Based Platform For China’s Biggest Merchant Port
China’s biggest port operator, China Merchants Port, reached a deal with the e-commerce giant, Alibaba Group, and its affiliate, Ant Financial. The deal will allow for the development of a blockchain-based platform, which will target a number of different use cases. The platform will allow buyers, sellers, logistic companies, banks, customs, and tax officials to conduct contactless digital export and import transactions. The companies will promote an in-depth integration of blockchain technology in the port industry. Read Full on cointelegraph.

5. Deribit’s Ether Options Hit All-Time-High
Crypto exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs. As per a tweet by on-chain analytics firm Skew, Deribit surpassed Bitmex, Binance for ether options. Data shows $108 million of “open interest” on Deribit’s ETH options. The metrics mean investors may either be protecting against long-term investments in Ethereum or betting on price gains in the near future. The trading activity follows an increased market interest in Ethereum. Read Full on twitter.

6. Purchase Anything With Crypto Via CoinLinked Platform
Crypto-holders will now able to purchase any product from any website in the world using crypto Via CoinLinked, First-Ever Blockchain-Based Social Network and Crypto-Commerce Platform founded by Wall Street veteran and serial entrepreneur, Jenny Q. Ta. Users pay CoinLinked in crypto, and CoinLinked pays merchants in their local fiat, eliminating the need for fiat on and off-ramps. The platform currently accepts BTC and ETH and tether with plans to add additional cryptocurrencies in the months to come. Read Full on coinlinked

7. Kraken Bitcoin Strategist Eager to Roll out Lightning Network Support
U.S-based cryptocurrency exchange, Kraken will most likely roll out support for the Bitcoin Lightning network before the end of the year, according to the Bitcoin strategist, Pierre Rochard. When Kraken does roll out support for the network it will become the oldest exchanges, apart from Bitfinex, to support the off-chain scaling solution, which will finally put Bitcoin in contention for use in micro-payments by mainstream users. On the bright side, the number of nodes has increased to 12,890, an over 35% increase within the last 12 months. Read Full on Coinfomania

8. MakerDAO's MKR crypto rises over 30% higher as Coinbase confirm listing
The past few months have seen Coinbase throw millions of dollars at supporting the decentralized finance (DeFi) ecosystem based on Ethereum. Coinbase Pro recently announcing that it is looking to launch trading support for Maker/MKR, the flagship token of the “godfather” of DeFi protocols, MakerDAO. Investors have seen this news as a big boost to the MKR bull case, with the asset rallying by 36.83% over the past 24 hours — a level not seen since early March. Read Full on CryptoSlate.

News Source | cryptocrunchapp.com

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