Tuesday, June 30, 2020

Cryptocurrency News Cast For Jun 30th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 30-06-2020

๐Ÿ“ˆMarketCap:                     $260 B
๐Ÿ“Š24h Mcap %:                     0.23%
⚠️Bitcoin Dom:                   64.80%
๐Ÿ“ŒActive Coins:                   3,251
๐Ÿ“24h Vol %:                         0.90%
๐Ÿ’ฒ24h Vol:                            $55 B

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- Bitcoin Wrapped On The Ethereum Blockchain Hits $101 Million
The total amount and value of tokenized Bitcoin on the Ethereum blockchain has sharply increased since mid-May, with over $101 million worth of BTC now held in tokens such as Wrapped Bitcoin (WBTC), renBTC, HBTC, imBTC, sBTC and others. WBTC, accounts for the lion’s share of this niche there are currently around 8,200 BTC converted into Ethereum tokens, worth roughly $74.9 million, RenBTC, another tokenized Bitcoin, is currently in second place, with just over 1,000 tokens worth $9.9 million on Ethereum right now. Read Full on Decrypt.

- Andreas Antonopoulos: Use DeFi To Earn Passive Income From Bitcoin
Andreas Antonopoulos says using a DeFi platform is the best way to earn passive income with Bitcoin. In a livestream Q&A session, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins. According to Antonopoulos, investors could convert their BTC into Ethereum (ETH) or a stablecoin like Dai (DAI), then lend it out on a platform where the token can earn interest. Read Full on Decrypt.

- Blockstream CEO Adam Back: Bitcoin is Better Without A Founder
A discussion on the identity of Satoshi Nakamoto has led Adam Back, the CEO of Blockstream, to issue an official denial on the case of being the Bitcoin creator. An excerpt from a 40 minute YouTube documentary on the possible identity of the mysterious figure inspired one of the Twitter user to allege that Adam Back is the creator of Bitcoin. However Back denied the social media accusation and has told that Bitcoin is better as a decentralised digital commodity without a founder. We are all Satoshi. Read Full on twitter.

- Charles Hoskinson: Cardano Is The Third Generation Cryptocurrency
Charles Hoskinson, the founder of Cardano, an open-source blockchain and decentralized cryptocurrency project, says the project represents a generational leap in technology compared to Bitcoin (BTC) and Ethereum (ETH). Hoskinson says that the limitations he sees in both Bitcoin and Ethereum led to the creation of Cardano. He believes Cardano is the third generation cryptocurrency, that brings three things together, interoperability, scalability, and sustainability. Read Full on The Daily Hodl.

- Report: China's National Blockchain Project Will Adopt Ethereum
China’s surging ahead with its blockchain aspirations. A fund manager revealed Sunday the country will soon onboard Ethereum to its ambitious Blockchain Service Network (BSN) project, as part of a broader push to leverage blockchain technology within the country. Haseeb Qureshi, the managing partner of crypto-focused Dragonfly Capital, said local sources confirmed the BSN will feature Ethereum and Nervos Network. Qureshi believes the partnership marks a “big deal” for Ethereum and the broader cryptocurrency sector. Read Full on twitter.

- Survey: Indian Crypto Exchanges See Massive Growth Amid Rising Covid-19 Crisis
Crypto industry in India is experiencing massive growth, according to a new survey conducted by Indian media agency Bit2buzz. Despite the country’s deepening coronavirus crisis, crypto exchanges say trading volumes and the number of signups continue to grow substantially. Coindcx CEO Sumit Gupta shared that the daily trading volume on his exchange was around $15 million. Wazirx CEO Nischal Shetty said trading volume has increased 470% on his exchange and he is seeing a tremendous increase in user signups. Read Full on Bitcoin News.

- Augur sets launch date for v2 of its decentralized prediction market
Ethereum-based prediction platform Augur has officially announced the launch of Augur V2 on July 28th. Existing REP tokens, the native token of Augur, will be renamed "REPv1" and the new REP token on Augur V2 will be called "REPv2." Augur v2 introduces a new REP token called "REPv2". The existing REP holders will need to manually migrate their REPv1 to the new REPv2 token to participate in the Augur v2 reporting system. AugurV2 added new features including the ability to use the DAI stablecoins for take over markets. Read Full on The Block.

- Ethereum Active Addresses Reached 2-Year High
Blockchain analytics firm Santiment reported on June 29th, the number of the daily addresses interacting with $ETH has peaked at a 2year single day high of 486,000 addresses in past 24 hours. Ethereum’s address activity was high last time on May 5th,2018. Its look like due to decentralized finance(DeFi) there is progress in Ethereum network. Due to extremely high yields offered by ETH-based protocols in the finance field, there have been many users wanting to capitalize on these trends. Read Full on twitter.

Monday, June 29, 2020

Cryptocurrency News Cast For Jun 29th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 29-06-2020

๐Ÿ“ˆMarketCap:                     $259 B
๐Ÿ“Š24h Mcap %:                   -0.23%
⚠️Bitcoin Dom:                   64.70%
๐Ÿ“ŒActive Coins:                   3,245
๐Ÿ“24h Vol %:                        -5.96%
๐Ÿ’ฒ24h Vol:                            $53 B

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- Total Value Locked In Compound Reached $1 billion
Decentralized lending protocol Compound continues to be the king of decentralized finance (DeFi). Compound Finance’s CEO announced that the total value supplied to the protocol has hit $1 billion. The value supplied to the protocol indicates the amount available on the project for people to borrow. As of June 28, 31.68% of the value supplied to the platform is in BAT, 23.27% is in ETH, and 22.83% is in the US dollar-pegged stablecoin, USDC. The value is supplied by 29,308 users. Read Full on Decrypt

- Binance Completes Spot Trading System Upgrade
Changpeng Zhao, CEO of the largest cryptocurrency exchange Binance announced the completion of upgrading the spot trading system. He stated that in the course of working on upgrading the system, Binance switched its matching engine to a new programming language. The team rewrote all codes from scratch. The head of the exchange emphasized that it took two years to prepare the major upgrade that has just been implemented. Upgrade is expected to improve Binance's performance while making it faster. Read Full on U.Today.

- Max Keiser: Bitcoin Naysayers Will 'Go All-In' on Bitcoin
Popular television personality Max Keiser firmly believes that bitcoin skeptics will go all in big on bitcoin when they finally understand it. The host of Keiser Report, singled out three bitcoin naysayers in particular. He told, Peter Schiff, Jim Rogers, Mark Cuban, and other pre-coiners represent huge pent-up bitcoin buying demand. When they finally understand it, they’ll go all-in with huge buys. He assured this with 100% guarantee that this to be the case. Meanwhile, a growing number of institutional investors already getting into bitcoin. Read Full on Bitcoin News.

- John McAfee Ghost Coin to be Deployed as Payment On Vending Machines
Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland. The privacy coin and distributed exchange went live last week amid the ongoing controversy surrounding it. Ghost distributed exchange replaced the McAfeeDEX distributed exchange in the process. Read Full on twitter.

- BitMEX Launching New Services For Its Corporate Clients
Hong Kong-based crypto derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting. BitMEX said the new features were created for clients who need “different ownership structures for their accounts”, the means for their employees to access and manage accounts, and security requirements. Accounts on the crypto exchange that are not owned and operated by an individual can now ensure their BitMEX holdings are the legal property of a corporation. Read Full on cointelegraph.

- Robert Kiyosaki: Fed Is Dead, Buy Bitcoin
There are many investors that are still hesitant to get involved with Bitcoin. Yet prominent financial educator and entrepreneur says that owning Bitcoin is a wise decision. "Rich Dad Poor Dad" author Robert Kiyosaki, told that Federal Reserve is dead and so-called “zombie companies”, their respective debts which is at $900 billion is rising and will surpass $1.6 trillion next year. Alongside a potential debt crisis and money printing, Kiyosaki has effectively prescribed Bitcoin as cure. Read Full on twitter.

- BHP Group Completes $14 Million Iron Ore Trade On Blockchain
Multi-billion-dollar mining group BHP Group announced the completion of $14 million iron ore trade using a blockchain platform developed by MineHub Technologies company. The trading was made between BHP and China Baowu Steel Group. BHP used the blockchain platform to digitally process contract terms, exchange documents, and provide real-time cargo visibility. The implementation of blockchain by BHP purportedly comes as a part of its plan to digitize the documentation process in commodities trading. Read Full on reuters.

Sunday, June 28, 2020

Cryptocurrency News Cast For Jun 28th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 28-06-2020

๐Ÿ“ˆMarketCap:                     $260 B
๐Ÿ“Š24h Mcap %:                    0.69%
⚠️Bitcoin Dom:                   64.80%
๐Ÿ“ŒActive Coins:                   3,241
๐Ÿ“24h Vol %:                         8.69%
๐Ÿ’ฒ24h Vol:                            $62 B

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- COVID-19 Highlights the Need For Central Bank Digital Currency
Bank for International Settlements has published new research on central bank digital currencies. The report encourages central banks to treat CBDCs as their future. The BIS found that there had been a major bullish shift in sentiment for CBDCs since the beginning of this year. The COVID-19 pandemic has factored into this shift, the report says, citing increased precautionary holdings of cash, commerce moving online, and the fact that “public concerns about viral transmission from cash have risen. Read Full on cointelegraph.

- Ripple CTO Argues Bitcoin Price Can't Drop
Bitcoin has been dismissed by institutions and governments since its inception more than 10 years ago, but the fact that it is still alive and kicking in 2020 reinforces the notion that it’s here to stay and can't be banned. The Chief Technical Officer (CTO) at Ripple, David Schwartz, has recently stated that governments’ restriction or ban cannot take the price of Bitcoin to zero. This came in response to popular american investor Jim Rogers who speculated that Bitcoin will eventually go extinct, and their value will drop to zero. Read Full on yahoo.

- Weiss Ratings: Cardano’s Shelley Transition Expected In Two Weeks
Ever since Charles Hoskinson announced the roadmap for the much-awaited Cardano Shelley upgrade, the community has been on fire with excitement. As per crypto rating agency Weiss Ratings, Upgrade is expected to be launched in less than two weeks. The upgrade is expected to transition the Cardano ecosystem from a federated network to a completely decentralized one. In Charles Hoskinson’s own words, the network will be able to handle as much as 1000 transactions per second in the near future after the Shelley upgrade. Read Full on ZyCrypto.

- SBI Will Launch Crypto Asset Fund Featuring 50% XRP Allocation
Japanese financial giant SBI Holdings says it plans to create a new crypto asset fund that features a 50% allocation to Ripple’s native token XRP. In a new briefing, the financial giant says the crypto asset fund is expected to launch in the coming months. According to SBI, the fund is designed to allow its clients to gain exposure to the unique and emerging asset class. The other half of the fund will feature a 30% Bitcoin (BTC) allocation and a 20% Ethereum (ETH) allocation. Read Full on The Daily Hodl.

- Willy Woo: BTC Bullish Run a Month Away
The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests bitcoin is close to “another bullish run” in July. Woo tweeted that Bitcoin was setting up for a bullish run until the COVID white swan killed the party. He says the longer this bull market takes to wind up, the higher the peak price. A long sideways accumulation band is ultimately a good thing. Read Full on Twitter.

- Bitcoin Whales Buying Large Stacks Of BTC
As BTC whales accumulate BTCs, Bitcoins circulating supply reduces, and this can weaken any bearish trend BTC finds itself in, which means it’s possible that as Bitcoin approaches its fixed supply of 21 million, the price of BTC will go up, with BTC’s present demand factored in. Data seen from Jonny Moe, a crypto expert shows that Bitfinex’s order book data showed big buyers are stepping in. The orders are at such a size that the trader who shared the chart called the entity a “whale.” Read Full on Twitter.

Saturday, June 27, 2020

Cryptocurrency News Cast For Jun 27th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 27-06-2020

๐Ÿ“ˆMarketCap:                     $258 B
๐Ÿ“Š24h Mcap %:                   -1.19%
⚠️Bitcoin Dom:                   64.70%
๐Ÿ“ŒActive Coins:                   3,241
๐Ÿ“24h Vol %:                        17.89%
๐Ÿ’ฒ24h Vol:                            $51 B

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- Now Earn COMP By Learning About It On Coinbase
Coinbase customers can now earn five crypto assets Stellar, Tezos, EOS, Orchids, and now COMP, simply by learning about them on the crypto exchange Coinbase. The platform, which started with 0x (ZRX), has added rewards for those interested in learning. Coinbase has added support for Compound’s COMP token by "watching lessons and completing quizzes" about the money market protocol on the exchange's educational platform, Coinbase Earn. Coinbase intends to maintain its investment in Compound for the foreseeable future. Read Full on The Daily Hodl.

- Australian Shoe Manufacturers Using VeChain to Authenticate Nike Licensed Sneakers
An Australian custom shoemaker is using VeChain, a blockchain project to power the issuance of a limited-edition run of licensed Nike Air Max 1 shoes. Australian shoemaker Chase Shiel and retailer The Kickz Stand have partnered to produce a limited run of the sneakers. The shoes will go on sale from June 28 and will be sold exclusively through Chase Shiel’s website. Chase Shiel’s shoes are shipping with VeChain’s tracking chip, which allows customers and retailers to access detailed product information by scanning a QR code. Read Full on Twitter.

- Altcoins Outperforming Bitcoin So Far This Year
Bitcoin is set to be outperformed by altcoins, especially as banks continue to print money, according to research from crypto investment firm Pantera Capital. In its June Blockchain Letter published Wednesday, the hedge fund said that while an altcoin bull run the size of 2017’s is unlikely to happen again, we are in the midst of a bull market cycle and we will continue to be in one until next year. Currently, Bitcoin’s value is up 34% this year but Ethereum has shot up by 88%, while 0x and Augur have increased by 98% and 97% respectively. Read Full on Decrypt.

- Chamath Palihapitiya Views Bitcoin As Financial Doomsday Insurance
Virgin Galactic Chairman, Chamath Palihapitiya Says Bitcoin is a financial doomsday insurance, which is one reason people should invest 1% of their wealth in it. Palihapitiya said hard-working people need something like Bitcoin as insurance, as the cryptocurrency is “really fundamentally uncorrelated” to the consequences of legislators behaving badly. He said his first investment in Bitcoin was a purchase of 1 million BTC back in 2013, when the cryptocurrency was valued at around $80. Today, that sum is worth more than $9 billion. Read Full on dailyhodl.

- Cardano to Continue Incentivized Testnet Until Shelley Mainnet Launch
Input Output Hong Kong (IOHK) team on June 25, 2020 has proposed to extend the Incentivized Test network until the Shelley mainnet launch scheduled for late July 2020. Through the test network, IOHK can in real-world context securely test how incentivization works while simultaneously allowing ADA holders to earn rewards whenever they delegate their stake or run a staking pool. According to IOHK, the extension of ITN would allow the Jormungandr team to test and prototype several ideas on the platform. Read Full on BTCMANAGER.

- Ethereum’s DeFi Flagship MakerDAO Is a “Cool Concept” Says Silk Road's Ross Ulbricht
With DeFi gaining steam, there have been new voices chiming in. One such voice commenting on DeFi is Ross Ulbricht, one of the earliest known Bitcoin adopters and the founder of the online marketplace Silk Road. He opened it by saying that he thinks the Maker Protocol is a “cool concept” yet noted that the structure of the protocol does have flaws and suggested a system where owners of Maker Vaults, which mint the DAI stablecoin, set fees for users of the protocol. Read Full on NewsBTC.

- Research: Satoshi Intentionally Mined Less Bitcoin
Sergio Demain Lerner, co-founder of Bitcoin startup RSK suggested from his research that “Satoshi Nakamoto likely curbed his hashrate in Bitcoin’s starting days. The miner kept his mining equipment off for the first 5 minutes of every “block interval”. According to Lerner’s research Satoshi Nakamoto intentionally mined less Bitcoin than possible because he may have wanted to give chance to other miners to get to the block before he could or for some other reasons. Read Full on Decrypt.

- IOTA Could Soon Launch Public Coordicide Testnet
IOTA (MIOTA) announced that its first Public Coordicide Testnet may launch soon as the new GoShimmer version v.02.0 is almost done. Coordicide is designed to end centralization within IOTA’s network by eliminating its coordinator node. The team has made it clear that the new update will come with more robust features. As per Hans Moog software developer at the IOTA Foundation statement this will be the first time that they have most of the building blocks of coordicide in actual node implementation. Read Full on BTCMANAGER.

- American Company Will Buy 17K Bitcoin Mining Machines From Bitmain
American blockchain hosting provider Core Scientific will buy more than 17,000 Bitcoin mining machine S19 Antminers from Bitmain, as American mining interest is rising. It will be the largest number of S19 machines purchased by a single blockchain hosting company, according to Core Scientific. Kevin Turner, president and CEO of Core Scientific said that Core Scientific has received and begun testing the first of Bitmain’s newest ASIC miners, and has been successful in increasing existing hash rate to achieve a 110 TH/s ± 3%. Read Full on cointelegraph.

Friday, June 26, 2020

Cryptocurrency News Cast For Jun 26th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 26-06-2020

๐Ÿ“ˆMarketCap:                     $261 B
๐Ÿ“Š24h Mcap %:                   -0.45%
⚠️Bitcoin Dom:                   64.40%
๐Ÿ“ŒActive Coins:                   3,239
๐Ÿ“24h Vol %:                        0.50%
๐Ÿ’ฒ24h Vol:                            $72 B

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- South Korea Reveals to Launch Blockchain-Based Online Voting and Election System
According to Choi Ki-young, the Minister of Science and Technology, South Korea announced the blockchain technology diffusion strategy establishing an online voting system by 2022. The government has decided to introduce blockchain in seven areas including voting, donations, social welfare, postal services, real estate transactions, renewable energy, finance, and social welfare. The government is making efforts to activate distributed identity verification (DID) services that enable citizens to manage their identity, to prevent duplicate votes. Read Full on BTCMANAGER.

- Coinbase Lists Defi Project Compound's Token COMP
Coinbase announced support for COMP, the token of decentralized finance, or DeFi, project, Compound. In a June 25 blog post announcement, Exchange told, Coinbase customers can now buy, sell, convert, send, receive, or store COMP, COMP will be available for customers in all Coinbase-supported regions, with the exception of New York state. The company has listed the token on Coinbase.com, with compatibility for iPhone and Android mobile application usage, the announcement detailed. Read Full on coinbase.

- Crypto Users Can Now Invest In Google, Tesla & More
Uphold, the leading digital money platform announced that it will allow users in Latin America to use cryptocurrency to acquire a stake in Amazon, Apple, Google, Tesla, and 47 other U.S. stocks with as little as 10,000 Satoshis. Uphold supports dozens of cryptocurrencies, including Bitcoin (BTC). The new service will make equity investments affordable for millions of people in the region so that they may preserve their wealth much better: Read Full on Twitter.

- Open Source BTCPay Receives $150,000 Donation From Kraken
Cryptocurrency exchange Kraken has donated $150,000 in bitcoin to BTCPay Foundation, the entity managing BTCPay, a popular open-source tool for merchants accepting bitcoin payments. Since BTCPay is free, it relies on donations like Kraken’s to run and to fund developers making improvements to the app. BTCPay is a tool for bitcoin bookkeeping tasks that merchants need, such as managing invoices tracking how much bitcoin the merchant is owed for each product sold. Read Full on coindesk.

- Akon City Will Use Private Messaging dApp Sense Chat
Blockchain messaging app Sense Chat has partnered with Akoin, the flagship crypto project of America philanthropist and singer-songwriter Akon, to bring private, decentralized messaging to the African market. With lofty ambitions of financial sovereignty, the Akoin cryptocurrency and wallet ecosystem will eventually act as the fundamental currency of Akon City. Built on the EOSIO blockchain, the crypto-enabled decentralized messaging service allows users to freely and privately text and video chat via an encrypted protocol. Read Full on Decrypt.

- Grayscale's Bitcoin Holdings Can Surpass 3.4% Of Total BTC Supply Till 2021
Grayscale Investments has added 19,879 BTC in the last week for its Bitcoin Trust, bringing its total number of coins to roughly 400,000. It is around three times faster than miners could produce blocks. As reported Grayscale has bought 53,588 BTC in total since the May 11 halving, equating to an average of 1,190 BTC per day and if it keeps buying at this same daily rate it will own 3.4% of the world’s BTC supply by January 2021. Read Full on twitter.com.

- Investors Above 55 Year Age Heavily Investing in Bitcoin: River Financial
River Financial a startup Bitcoin financial services firm says an elusive demographic of investors are starting to invest in BTC. The firm said its number of clients has doubled every month this year by new cryptocurrency investors over the age of 55. The average monthly volume of Bitcoin transactions has increased by 80% this year with BTC Boomers accounting for 77% of the volume growth since March. The San Francisco-based firm also announced that River Financial raised $5.7 million from investors. Read Full on Bloomberg.

- Early Adopters of ‘Bitcoin Global Hash War' will Reap Trillions: Max Keiser
Bitcoin maximalist Max Keiser has taken to Twitter to share another pro-Bitcoin forecast with his audience that countries from the developed world who aren’t planning to join the ‘BTC global hash war’ are in for a fatal financial crisis. Keiser mentions western countries that have little or no gold at all – the UK and Canada – and that do not intend to start mining Bitcoin en mass, may have a negative outcome in the future. He said that there are countries, like Iran and Venezuela who are 'first movers', that are welcoming Bitcoin and ‘stand to reap trillions’. Read Full on Twitter.

Thursday, June 25, 2020

Cryptocurrency News Cast For Jun 25th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 25-06-2020

๐Ÿ“ˆMarketCap:                     $261 B
๐Ÿ“Š24h Mcap %:                   -2.10%
⚠️Bitcoin Dom:                   64.40%
๐Ÿ“ŒActive Coins:                  3,233
๐Ÿ“24h Vol %:                        1.90%
๐Ÿ’ฒ24h Vol:                           $72 B

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- OKEX CEO: Second U.S Stimulus Checks Will Boom Bitcoin Price
Jay Hao, the CEO of crypto exchange OKEx, suggested that a second United States stimulus plan could result in Bitcoin’s (BTC) price growing further. Hao explained that after the first $2.2 trillion stimulus bill was signed in late March, Bitcoin surged by around 58% from $6,580 to $10,400. Hao also said he expects retail investors to be even more interested in Bitcoin as they will be the main promoters of the Bitcoin price surge under the second round of stimulus. Read Full on Cointelegraph.

- New York Will Ease Crypto Licensing Rules
The NYDFS is making it easier for crypto companies to receive the right licensing, as well as list the coins of their choosing. As it stands, crypto firms in New York must obtain the “BitLicense,” that crypto companies and exchanges need to receive, store, issue or send cryptocurrencies. However so far Only 25 firms have been granted the license since 2015. The NYDFS is now proposing to introduce a “conditional” license with which crypto companies could work with companies that have been issued with an actual BitLicense. Read Full on decrypt.

- Venezuela’s Govt Accepts Bitcoin To Pay For New Passports
Unable to process payments via credit card, Venezuela appears to be testing Bitcoin as a viable payment option for passports. SAIME, Venezuela's Administrative Service for Identification, Migration, and Foreigners is reportedly planning to accept bitcoin (BTC) as a new payment method for citizens seeking a Venezuelan passport. The option was only available for some applicants outside the country not for the users actually living in Venezuela. Read Full on Cointelegraph.

- Novogratz Predicts Bitcoin Will Reach $20,000
Galaxy Digital Holdings CEO Mike Novogratz predicted bitcoin reaching $20k amidst the US Federal Reserve's ongoing dollar-printing spree. The former Wall Street hedge fund manager predicted bitcoin would break above $10,000 in the short-term with a possible move to the previous all-time high of $20,000. Novogratz noted that investors are turning to bitcoin and gold amidst the ongoing money-printing spree by the US Fed and Treasury. Read Full on CryptoGlobe.

- Australians Can Now Pay for BTC at 3,500+ Post Offices
Australia Post in its recent partnership with Bitcoin.com.au allows Australians to pay for Bitcoin (BTC) at the country’s post offices. Customers of local cryptocurrency exchange Bitcoin.com.au customers will be able to pay for Bitcoin at more than 3,500 Australian Post offices. Holger Arians the firm’s CEO said that the new payment option will make some people more comfortable with buying crypto and feels safer than transferring funds online— particularly for first-time buyers. Read Full on Cointelegraph.

- Ethereum Addresses Holding 10+ ETH Reaches New All Time High
The second Largest crypto, Ethereum's on-chain fundamental data is showing that more investors are holding ethereum than ever before. Data provider Glassnode data shows that the number of investors with more than 10 ETH ($2,343) in their wallet has reached a new high of 276,131. Another renowned analytics company, Skew, has shared data according to which the number of Ethereum daily transactions has reached over 1 mln and is approaching a new all-time high. Read Full on U.Today.

- Robert Kiyosaki: Bitcoin Is Real Money, It Can Stop Fed From Screwing You
Prominent real state investor, author of ‘Rich Dad, Poor Dad’ and financial educator Robert Kiyosaki is again urging his followers to invest in Bitcoin. Kiyosaki explained how Bitcoin is ‘real money’ that can prevent the United States Fed Reserve from ‘screwing everyone’. Calling the newly printed dollars by the Fed fake USD. The investment guru told that by printing more fiat USD, the Fed only saves ‘friends’ and ‘screws everyone’ else. Read Full on Twitter.

Wednesday, June 24, 2020

Cryptocurrency News Cast For Jun 24th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 24-06-2020

๐Ÿ“ˆMarketCap:                    $265 B
๐Ÿ“Š24h Mcap %:                   -3.58%
⚠️Bitcoin Dom:                   64.60%
๐Ÿ“ŒActive Coins:                  3,228
๐Ÿ“24h Vol %:                        2.35%
๐Ÿ’ฒ24h Vol:                           $69 B

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- Bitfinex Soon To Launch P2P Protocol Dazaar For Data Streaming
The Bitfinex cryptocurrency exchange announced that it is launching a Dazaar, an open-source P2P protocol for data streaming on June 25th, 2020. Dazaar is developed as an extension to the Hypercore Protocol that will be highly focused on hyper-scalability, end-user privacy, and decentralization with no third-party intermediaries involved based on Lightning-powered micropayments. The interaction will be purely between “sellers” and “buyers”. It supports any cryptocurrency as payment and potentially even credit cards. Read Full on Crypto.U.Today.

- Max Keiser Says, Buy Bitcoin, Protests “Do Nothing”
Max Keiser a popular TV personality said, Bitcoin (BTC) is the only effective way for Americans to empower themselves and protests do not work. According to Keiser, those attending the protests in Floyd’s memory must take back their financial sovereignty to affect their personal change, and the only way to get there is through savings in Bitcoin. Also, as per, Stephen Roach, a Yale economist believes that due to propping up the economy, the Fed’s inconceivable $7.2 trillion balance sheet will never shrink. Read Full on Cointelegraph.

- Italian Banking Association Ready To Execute Digital Euro
The Italian Banking Association(ABI) announced it is ready to start work on a European central bank digital currency. The ABI mentioned that “monetary stability” and respecting regulations related to a digital euro as two of its top priorities. The association stated that the creation of a European CBDC may allow for a greater number of cross-border P2P transactions, lessen the impact of the interest and exchange rates, and overall just reduce the size of the bureaucratic process for payments. Read Full on cointelegraph.

- Comic Series With 10 Million Hidden Satoshis
Bitcoin zine Citadel21 has launched an episodic comic series and you could win actual BTC by reading it. The issue currently has the first two episodes of a webcomic entitled “Bulltardia,” a Bitcoin-inspired fable. And hidden over the course of the complete story, which will release gradually in the months to come, is a 12-word seed phrase to access a stash of Bitcoin. According to the publication, there is 10 million satoshis—available to whomever pieces together the seed phrase via clues from the webcomic. Read Full on Decrypt.

- Billions Worth Of Bitcoin Moved For $7
Whale alert reports that a so-called whale has transferred the equivalent of $2.24 billion in bitcoin for less than $7. The crypto tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within one hour. Each transaction, made separately to unknown wallets, contained between 27,000 and 40,000 BTC. According to the transaction data, each transfer cost around 0.0001 BTC or just $0.93, giving a total of about $6.51 for the seven transfers. Read Full on Bitcoin News.

- Bitcoin may hit a $50,000 With Just 1% Institutional Investors: Messari
Messari says Bitcoin Price may hit $50,000 if institutional investors, including pension funds, endowments & foundations, family offices have at least 1 percent of their net portfolio worth into it. Ryan Watkins, a researcher at Messari said, an aggregate 1% institutional allocation to Bitcoin can easily bring Bitcoin’s market cap above $1 trillion. The analysis anticipated a capital inflow worth hundreds of billions of dollars into the cryptocurrency market which might get further multiplied by 2x-25x due to higher “liquidity and reflexivity.” Read Full on Bitcoinist.com.

- 83% of Bitcoin Addresses Currently Profitable
According to Glassnode data, approximately 83% of existing Bitcoin (BTC) addresses are currently profitable which is more than doubled the number of profitable BTC addresses in a short time. This is an increase of no less than 43%, since the crash in March 2020. At the time, only 40% of BTC addresses were profitable, which has now bottomed out in 2020. As per the new data, the highest proportion of addresses in profit this year reached 89% on June 1, when the price of bitcoin rose above $10,400, it’s highest level in nearly four months. Read Full on Twitter.

- Swiss SEBA Bank Launches “Dual Currency Certificate" For BTC/USD
Switzerland’s SEBA Bank has developed a USD Dual Currency Certificate for BTC/USD, aimed at investors who wish to benefit from the high level of the cryptocurrency’s volatility. Guido Bรผhler, CEO of SEBA Bank AG, said the launch of the Dual Currency Certificate on BTC/USD shows how traditional banking and crypto finance are converging. The certificate is publicly distributed in Switzerland and is available in other countries as a private placement. The product is open for subscription from today until July 7. Read Full on theblockcrypto.

Tuesday, June 23, 2020

Cryptocurrency News Cast For Jun 23rd 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 23-06-2020

๐Ÿ“ˆMarketCap:                    $274  B
๐Ÿ“Š24h Mcap %:                    2.15%
⚠️Bitcoin Dom:                   64.60%
๐Ÿ“ŒActive Coins:                  3,223
๐Ÿ“24h Vol %:                       -0.20%
๐Ÿ’ฒ24h Vol:                           $65 B

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- PayPal, Venmo Are Reportedly Planning To Allow Crypto Exchange Option
Mainstream payment service giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to a recent CoinDesk report. An industry source told the outlet that they are going to allow buys and sells of crypto directly from PayPal and Venmo, they are going to have some sort of a built-in wallet functionality so you can store it there. Another source confirmed that PayPal is looking to offer the service in the next three months, maybe sooner. Read Full on CoinDesk.

- Binance Crypto Exchange To Launch It's Smart Pool
Binance Pool, a cryptocurrency mining platform dedicated to empowering miners and the global crypto mining industry, will launch its Smart Pool service that enables the user to get higher profit by auto-switching hash rate to mine BTC, BCH, and BSV with the same SHA256 algorithm. Even if the miners are mining different cryptocurrencies, Binance Pool always pays their settlements in BTC. Binance Pool has collected more than 6,000 miners who delivered over 6.52 EH/s in hash rate since its launch last April to date. Read Full on CryptoNinjas.

- SBI Ripple Asia Official launch for ODL later this year
SBI Ripple Asia, a joint venture between SBI Holdings and Ripple to launch the XRP remittance platform known as On-Demand Liquidity(ODL). SBI Ripple Asia chief executive Adam Traidman says the company is currently testing the product and plans to go into production this year and into next year. SBI Ripple Asia’s mission is to provide a next-generation payment platform utilizing distributed ledger technology (DLT) to Asian financial institutions and remittance companies. Read Full on The Daily Hodl.

- Number of Ethereum Non-Zero Addresses Spikes
According to data shared by the Glassnode analytics company, two major metrics relating to Ethereum wallets have surged to new ATHs. The number of wallets holding more than 0.01 ETH has risen to a new high of 7,863,908.000. Another crypto metric upsurge reported by Glassnode is the amount of non-zero ETH wallets. Within less than one day, the number of such ETH wallets increased by 3,494 units. The rise in both metrics suggests that more people are becoming attracted to ETH. Read Full on U.Today.

- Digibyte Finally Gets Listed On Binance Exchange
The voice of the DigiByte community has finally heard. DigiByte, a decentralized cryptocurrency network has just been listed on Binance. The exchange announced that trading for DGB will be open on June 22, 2020 at 2:00 PM UTC. Binance’s users will be able to trade DGB against three pairs—DGB/BTC, DGB/BNB, and DGB/BUSD. According to DigiByte, Binance listed the coin without demanding anything from the company, not even the listing fee. Read Full on twitter.

- Chinese Bitcoin Mining Company Ebang To Be Listed On Nasdaq
Chinese Bitcoin miner manufacturer Ebang will be officially listed on Friday, June 26 on Nasdaq Global Market under the ticker EBON. The company submitted its latest filing to the SEC on June 17, choosing the Nasdaq as its listing exchange. The Chinese mining player aims to raise $106 million by putting 19.3M shares on sale at a price range of $4.50 to $6.50, meaning that it now plans to raise up to $125 M, while the initial proposal was hard capped at $100M. If the IPO is successful, Ebang’s market value could come close to $800M. Read Full on cointelegraph.

- LibertyX Brings Bitcoin in Cash to 20K US Retail Stores
LibertyX, the company that launched one of the first Bitcoin ATMs has just made it possible to buy Bitcoin in cash at more than 20,000 retail locations in the United States. In one Announcement on LibertyX’s Twitter account, the crypto ATM service company said customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid would be able to buy Bitcoin (BTC) with cash. According to LibertyX, cryptocurrency holders can buy between $20-$500 (up to 0.052 BTC)—with transactions processed in minutes for a small fee. Read Full on Twitter.

- Football Club Barcelona Fan Tokens Sold Out in Two Hours
Chiliz in the partnership with Spanish soccer giant FC Barcelona created Barca Fan Tokens (BAR) which were sold via sports-focused token platforms Chiliz.net and Socios.com. With these fan tokens, Barรงa fans will be able to take part in surveys related to the club, to give them a chance to voice their opinions and vote for different matters. The club sold all 600,000 of the cryptocurrency-based tokens in less than 2 hours. Fans wishing to purchase new fan tokens are going to have to wait until Wednesday 24 June at 1.00 pm CEST to get $BAR. Read Full on fcbarcelona.

- KPMG Launches Crypto Asset Management Service
KPMG has built a suite of tools designed to help both traditional financial companies and fintech startups provide managed crypto-asset services. Targeting institutional clients, the new KPMG Chain Fusion product lets customers manage their data in compliance with regulations, security and processing needs. The suite allows these customers to collect and organize data from both traditional systems as well as blockchain databases and bring these systems together with the required processes and controls under one roof. Read Full on coindesk.

Monday, June 22, 2020

Cryptocurrency News Cast For Jun 22nd 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 22-06-2020

๐Ÿ“ˆMarketCap:                    $271  B
๐Ÿ“Š24h Mcap %:                    2.81%
⚠️Bitcoin Dom:                   64.70%
๐Ÿ“ŒActive Coins:                  3,220
๐Ÿ“24h Vol %:                        3.05%
๐Ÿ’ฒ24h Vol:                           $66 B

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1. Akon's Crypto Powered 'Akon City' Set To Begin Construction
Akon City, a $6 billion futuristic crypto themed city founded by famous singer Akon, is ready to begin construction. Akon has awarded its building contract to KE International, a U.S.-based engineering firm. Phase one of Akon City’s construction which is expected to be completed by the end of 2023 will include roads, a hospital, a mall, hotels, and a school, while Akon City Phase 2 will run from 2024 to 2029 and will end with a complete crypto City running exclusively on AKOIN cryptocurrency. Read Full on instagram.

2. COVID-19 Test Results on Vechain Blockchain
Blockchain tracking platform VeChain announced on Twitter on June 20 that its blockchain-based medical data management platform has gone live and will store COVID-19 testing results.The platform, was deployed in the Mediterranean Hospital in the Republic of Cyprus. Cyprus citizens who go to the hospital’s COVID-19 laboratory to undergo real-time diagnostic and antibodies testing, will have their medical and test records on the blockchain. The records will be encrypted, hashed and uploaded onto the VeChainThor Blockchain. Read Full on cointelegraph.

3. ‘Black Swan’ author Nassim Taleb Believes Bitcoin Is ‘Good Idea’
Despite publicly closing his Coinbase account after the support team of the largest U.S. exchange failed to react to his complaint in a timely fashion. Mathematical statistician and ‘Black Swan’ author Nassim Taleb still believes that the Bitcoin is ‘a great idea.’ Taleb is a vocal critic of banks, back in April, when Banque du Liban (the central bank of Lebanon) started confiscating the value of foreign currency remittances, he started urging his followers to use cryptocurrencies. Read Full on U.Today.

4. BitMEX and OKCoin Awards $150,000 To Bitcoin Core developer
Amiti Uttarwar, who currently works as a Bitcoin Core developer for Bitcoin wallet company Xapo, received the $150,000 grant from OKCoin and HDR Global Trading Limited, the company that runs crypto exchange BitMEX. Uttarwar’s focus is on Bitcoin’s peer-to-peer layer. She has reportedly improved Bitcoin by working out how individual Bitcoin nodes revealed sensitive information. Her improvement, prevents the information from rebroadcasting transactions so often, increasing privacy for those using the network. Read Full on Decrypt.

5. John McAfee’s Ghost Distributed Exchange Goes Live
John McAfee’s Ghost distributed exchange is now live. The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions. McAfee clarified that Ghost distributed exchange will replace the McAfeeDEX distributed exchange. The Ghost main net itself is expected to go live on June 22. McAfee further claimed the decentralized exchange will support atomic swaps between Ghost and major cryptocurrencies like bitcoin (BTC), bitcoin cash (BCH), and ether (ETH). Read Full on twitter.

6. Anthony Pompliano Suggests Bitcoin Allocation For Pension Fund
Morgan Creek Digital co-founder Anthony Pompliano forces pension funds to allocate 1-5% of their portfolios to Bitcoin due to pension funds struggle with their funding. Anthony Pompliano has written a letter to the investor where he has mentioned that pension funds like the California Public Employees Retirement System(CalPERS) invests in Bitcoin instead of increasing their allocation to non-liquid assets from which it is clear that adding an allocation to Bitcoin would increase risk-adjusted returns for a public pension fund. Read Full on cointelegraph.

Sunday, June 21, 2020

Cryptocurrency News Cast For Jun 21st 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 21-06-2020

๐Ÿ“ˆMarketCap:                    $265  B
๐Ÿ“Š24h Mcap %:                  -0.81%
⚠️Bitcoin Dom:                   64.70%
๐Ÿ“ŒActive Coins:                  3,211
๐Ÿ“24h Vol %:                       -3.05%
๐Ÿ’ฒ24h Vol:                           $54 B

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1. Blockchain Can Improve Philanthropic Initiatives
Blockchain tech and crypto donations incorporated into the philanthropic sector have a chance of improving the entire industry, which will able to reduce the fees that are usually associated with international transfers and ultimately provide more immediate financial support to victims. Till now, cryptocurrencies have been used in different ways to support charities and giving, an anonymous fund that was able to rally over $55M in BTC that was then donated to charities, which reflect 1%–5% of the payment methods used for charitable donations. Read Full on Cointelegraph.

2. Over 300 Websites Now Using Wordpress Crypto Plugin
Over 300 sites are now using the WordPress plug-in that allows site operators to add a cryptocurrency exchange to their site. It works with a wide array of wallets, including Metamask, Brave, and Coinbase Wallet. The plugin is open-source and customizable that was launched in April by Dragon Goren Holm partner Alon Goren. Developer Alon Goren tweeted there are over 300 more websites on the internet that allow users to swap tokens on them. Read Full on Twitter.

3. Compound Overtook MakerDAO In Total Value Locked in DeFi
To date, MakerDAO has been the dominant platform in DeFi, but this has changed now Compound overtook MakerDAO on Saturday, June 20, to become the largest decentralized finance protocol by total value locked according to data from DeFi Pulse. There is approximately $500M in cryptocurrency locked on Compound compared to $486M on MakerDAO. Compound began distributing its native governance token, COMP, on June 15, to token borrowers and suppliers on its platform. Read Full on The Block.

4. Singapore Will Explore Central Bank Digital Currency
Singapore's central bank and financial regulatory authority is looking to cooperate with China in the field of central bank digital money. Singapore, which is also actively exploring blockchain-based CBDCs, is looking to exchange related knowledge and expertise with China. Ravi Menon, the managing director of the Monetary Authority of Singapore emphasized that the main goal of Singapore’s CBDC project is to cut cross-border payment and settlement costs, reduce settlement time, and ensure transaction security. Read Full on cointelegraph.

5. IOTA Will Safeguard E-Commerce Platforms Against Cyber-Attacks 
IOTA Foundation has joined ENSURESEC – an EU-funded collaborative Innovation Action project which seeks to bolster end-to-end security of e-commerce and its delivery service ecosystem. ENSURESEC seeks to safeguard e-commerce portals from sophisticated cyberattacks orchestrated by hackers. IOTA will help to build a decentralized, immutable audit trail infrastructure, it will develop several interfaces to IOTA Streams that will enable the easy generation and sharing of log information required from different systems and assets. Read Full on iota.

6. Institutional Investors Are Flooding Their Funds Into Bitcoin
Weiss Ratings, says the financial world is beginning to wake up to the true potential of BTC. The firm points out to the growing flow of funds into Grayscale Bitcoin Trust (GBTC) as a sign of rising institutional interest, the amount invested in GBTC more than doubled from $388.9M to $818.5M in between the third quarter of 2019 and the first quarter of 2020. Weiss believes the entry of billionaire hedge fund manager Paul Tudor Jones into the Bitcoin futures market shows institutions are paying increasing levels of attention to the crypto markets. Read Full on weisscrypto.

Saturday, June 20, 2020

Cryptocurrency News Cast For Jun 20th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 20-06-2020

๐Ÿ“ˆMarketCap:                    $262  B
๐Ÿ“Š24h Mcap %:                  -0.90%
⚠️Bitcoin Dom:                   64.80%
๐Ÿ“ŒActive Coins:                  3,208
๐Ÿ“24h Vol %:                       -4.19%
๐Ÿ’ฒ24h Vol:                           $60 B

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1. Ethereum Miners Vote to Increase Gas Limit
The Ethereum miners are voting to increase the Block Gas Limit per block from 10M to 12.5M gas. As per Bitfly’s calculations, ETH blockchain would start processing around 44 transactions per second, while currently, it handles 35 transactions. Gas is an ETH-based token used to pay transaction fees on the network. A higher gas limit will expand the network capacity, making it faster and reduce fees. Miners have increased the gas limit to 11.2M gas over the past few hours that is roughly 50% of the way to the 12.5M mark. Read Full on Decrypt.

2. World's First Decentralized Social Network Platform
CoinLinked is the first-ever blockchain-based social network. The platform has designed two native tokens a security token for speculators seeking to invest in the platform and an ERC-20 token called CoinLinked Coin or CLC that will serve multiple functions on the CoinLinked platform. CLC will be rewarded to users in exchange for producing content on the platform, including uploading pictures or videos, sharing links, or engaging with existing posts that can used for discounts within the platform. Read Full on coinlinked.

3. Bank of Thailand To Launches Digital Currency Pilot Project
Thailand’s central bank in partnership with Siam Cement Group (SCG) and Digital Ventures to create a prototype CBDC to enhance the efficiency of purchasing and payment management in the business sector. The CBDC is being developed to reduces the cost per transaction by 70% and overall procurement processing time by 50%, which will boost business confidence and competitiveness and promoting Fintech innovation in the future. As a result, to date, over 4,500 business partners are on this platform within two years. Read Full on BTCMANAGER.

4. Ripple Joins PayID To Make Payment Easier
Ripple has joined a network of over 40 entities in the Open Payments Coalition that have created PayID. PayID works by allowing users to have an ID that is an email address, phone number, or a unique identifier that is linked to their bank or financial service provider’s account. PayID works on the principle that a single ID which can be allow users to send or receive money anywhere in the world across any payment network in real time. Ripple will be integrating PayID with RippleNet to introduce interoperability into global payments. Read Full on cryptobriefing.

5. UNICEF Donates Ethereum For Wellbeing Of Children
Technology companies from seven different emergent economies will receive an investment in Ethereum from the UNICEF Crypto Fund. UNICEF’s crypto-enabled investment vehicle has given these companies 125 ETH, to use in scaling or prototyping their respective technologies over the next six months. One such company, Afinidata, offers educational content to parents with young children. Another one, Cireha, builds communication systems for children with speech or language impairments to use in the offline world. Read Full on cointelegraph.

6. Japanese Financial Giant Nomura To Launch Crypto Custody
Nomura Holdings, one of Japan’s largest financial companies, has launched a Bitcoin custodial service for traditional investors through a joint venture with hardware wallet provider Ledger and investment company CoinShares. The partners have been working together to develop the digital asset custodian dubbed Komainu since 2018. Komainu is regulated by the Jersey Financial Services Commission and will offer its services to institutional clients like banks who want to gain exposure to the digital asset market. Read Full on coindesk.

7. Bitcoin Held For Long Term as Digital Gold
11.4M BTC is held by long term investors, diminishing the tradeable supply to only 20% of the total BTC supply. Roughly 60% of that Bitcoin supply is held by entities — either people or businesses that have never sold more than 25% of BTC they’ve ever received. For the 3.5M BTC that is actively traded, 96% of this volume comes from so-called retail traders. Of the 340,000 weekly active BTC traders, Chainalysis data identified, the 4% of professional traders responsible for 85% “of all the USD value of BTC value sent to exchanges." Read Full on Cointelegraph.

8. John McAfee Uses Crypto to Buy Everyday Goods
11.4M BTC is held by long term investors, diminishing the tradeable supply to only 20% of the total BTC supply. Roughly 60% of that Bitcoin supply is held by entities — either people or businesses that have never sold more than 25% of BTC they’ve ever received. For the 3.5M BTC that is actively traded, 96% of this volume comes from so-called retail traders. Of the 340,000 weekly active BTC traders, Chainalysis data identified, the 4% of professional traders responsible for 85% “of all the USD value of BTC value sent to exchanges." Read Full on Cointelegraph.

Friday, June 19, 2020

Cryptocurrency News Cast For Jun 19th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 19-06-2020

๐Ÿ“ˆMarketCap:                    $264  B
๐Ÿ“Š24h Mcap %:                   -0.91%
⚠️Bitcoin Dom:                   64.90%
๐Ÿ“ŒActive Coins:                  3,207
๐Ÿ“24h Vol %:                        3.49%
๐Ÿ’ฒ24h Vol:                           $67 B

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1. Cardano (ADA) To Launch Daedalus Wallet For The Shelley Testnet
Charles Hoskinson, CEO of IOHK and co-founder of the Cardano (ADA) blockchain project has announced the release of the Daedalus wallet 1.0.0. The newly released version is available just for stake pool operators for early functional testing. The Haskell-optimized Daedalus will allow users to create, delete, and restore Shelley wallets, as well as transact on the network. Future versions of Daedalus will be released during the Shelley rollout with new features such as delegating stake and checking earned rewards. Read Full on CryptoSlate.

2. Land Rover Highlights Bitcoin Network Creation As Major Event Of Our History
In its recent advertisement, car giant Land Rover has highlighted Bitcoin. Posted by the company's United Kingdom branch in a June 17 tweet, advertisement shaped as a walk through history, Land Rover's video labeled a number of groundbreaking historical developments in recent history where the advertisement has also included Bitcoin's network creation in year 2009 as a major mark in the history. Land Rover's new ad shows yet another sign of growing mainstream Bitcoin awareness. Read Full on twitter.

3. Bitcoin Financial Services Firm Raised $5.7 million In Seed Funding
San Francisco-based Bitcoin financial services company River Financial announced it had raised $5.7 million seed round led by Polychain Capital other ventures participated are Slow Ventures, Castle Island Ventures, DG Lab Fund, Cygni Capital, Pfeffer Capital, IDEO CoLab Ventures, and Square Crypto’s Steve. As per River founder and CEO Alex Leishman, the investment will be used to build a financial institution capable of bringing Bitcoin (BTC) to the world. Read Full on cointelegraph.

4. EY Launched App For Calculating Crypto Taxes
‘Big Four’ auditor Ernst & Young has introduced a new application that is supposed to make it easier for cryptocurrency holders to grapple with their taxes. EY’s chairwoman of tax services Marna Ricker told, As their clients increasingly hold and trade crypto assets, considering that, they have created this new product called EY CryptoPrep that will assist its users in calculating crypto-related gains and losses that have to be reported on Form 8949. Read Full on U.Today

5. Reddit Seeks Developers For Ethereum Scaling Solution
Reddit is anticipating big demand for its Ethereum-based “Community Points” system. The company announced that it has partnered with the Ethereum Foundation and it is asking developers to submit scaling solutions that will support its new initiative to distribute ERC-20 tokens to Reddit users as an incentive for quality content as part of its "community points" feature. Goal is to find a solution that will support hundreds of thousands of Community Points users on mainnet and can eventually scale to all of Reddit. Read Full on The Block.

6. MyEtherWalllet Will Allow To Host Decentralized Website
MyEtherWallet, a well-known Ethereum wallet app, is releasing a feature named “Host Your Own Site” that provides an easy interface for its users to upload a website to the InterPlanetary File System, or IPFS. IPFS-based websites are tied to Ethereum-based domain name services, such as ENS and Unstoppable Domains, which feature either “.eth” or “.crypto” suffixes. The websites are hosted on a decentralized network of peer-to-peer computers, which makes them resilient to most censorship tools available for the traditional web. Read Full on cointelegraph.

7. Blockchain Game Economy Will Grow Bigger Than Japan’s
Hironao Kunimitsu, the founder of Tokyo social gaming firm Gumi, believes that blockchain-based trading of non-fungible tokens (NFTs) in video games will grow to become ‘more valuable than Japan’s entire economy. Kunimitsu says Fortnight has about 150 million players per month that are bigger than the Japanese population and if they start adopting blockchain technology, the value of game items in their worlds will surge. Kunimitsu thinks the new world of blockchain gaming may change children’s education. Read Full on Cointelegraph.

Thursday, June 18, 2020

Cryptocurrency News Cast For Jun 18th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 18-06-2020

๐Ÿ“ˆMarketCap:                    $266 B
๐Ÿ“Š24h Mcap %:                   -0.21%
⚠️Bitcoin Dom:                   65.00%
๐Ÿ“ŒActive Coins:                  3,204
๐Ÿ“24h Vol %:                       -2.95%
๐Ÿ’ฒ24h Vol:                           $61 B

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1. Compound (COMP) is launching on Coinbase Pro
Coinbase Pro will now support the Compound (COMP) an Ethereum-based token that is used as a governance token for the Compound protocol. The compound protocol is a decentralized finance (DeFi) platform for borrowing and lending cryptocurrency. The exchange announced customers will be able to transfer COMP into their Coinbase Pro account starting on Monday, June 22, and trading on COMP-USD and COMP-BTC order books will start in phases, beginning with post-only mode and proceeding to full trading. Read Full on Decrypt.

2. Ripple Listed In CNBC's Top 50 Disruptive Startups of 2020
Out of 1,355 startups nominees, Blockchain payment network Ripple has taken 28th place on CNBC's annual "Disruptor 50" list. Among other criteria, the organizers evaluated how companies reacted to the coronavirus outbreak. The start-ups on this list are turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech, and agriculture into a new wave of billion-dollar businesses. Besides Ripple, popular crypto-friendly trading app Robinhood has also made it on CNBC’s list—ranked 46th. Read Full on Decrypt.

3. CME Bitcoin Options Witnesses Record Breaking Volume
The Chicago Mercantile Exchange (CME), has seen the volume of its Bitcoin futures options grow from 91 BTC ($860,000) to 2,392 BTC ($22.7 million) that has risen almost 25-fold within 2 months. CME options on bitcoin futures give the buyer of a call/put the right to buy/sell one bitcoin futures contract at a specified strike price at some future date. Tim McCourt of CME said that CME’s contracts allow investors to “express views and manage their risk amid ongoing global uncertainty. Read Full on Crypto Briefing.

4. Solar Powered Bitcoin Node Launched In Africa
Nigerian entrepreneur has build solar-powered Lightning nodes in hopes of expanding bitcoin adoption across Africa. Entrepreneur Chimezie Chuta, Like many Bitcoiners, believes running a network node is one of the best ways to become truly financially independent. Chuta has released a kit for a BTC and Lightning node, the main component of the kit is a tiny hobbyist computer called the Raspberry Pi running the open-source Raspblitz software for Lightning nodes with a solar panel component, since many Africans lack electricity. Read Full on CoinDesk.

5. Bank Of Canada To Launch Its Own CBDC
According to a job posting listed June 11, the Bank of Canada said it was “reinventing central banking” and embarking on a program of “major social significance” to design a contingent system for a CBDC. The Bank of Canada also wants the CBDC to be usable by all Canadians, even those without access to a bank account or cellular phone. In addition to privacy and usability, the posting noted a need for the CBDC to be resilient in the event of electrical or network outages while still providing the “highest levels” of security. Read Full on CryptoGlobe.

6. Singapore's Ride-Sharing App Accepts Bitcoin
Ryde, Singapore’s first carpooling app, will now let customers pay for rides with bitcoin. Users will be able to store and convert bitcoin to the company’s RydeCoin with zero transaction costs. Customers can top up a maximum of S$999 in bitcoin at a time to pay for rides, Ryde claims it will be the world’s only cryptocurrency wallet that allows users to pay for rides using bitcoin within its own e-wallet. Ride hailing is a widely used service, and Ryde wants to be the first to facilitate the mass adoption of crypto usage in Singapore. Read Full on CoinDesk.

7. Japan Will Use Blockchain To Trade Electricity Surplus
Tokyo Electric Power Company Holdings Inc., or Tepco, partnered with major Japanese trading company Itochu Corporation and started building a blockchain-based system to trade surplus electricity. The firms plan to collaborate with local governments and start a proof-of-concept by March 2021. The new system will be available to households in Japan within three years. If successful, it will be the first instance of surplus electricity trading between households in Japan. Read Full on cointelegraph.

8. Number Of Bitcoin ATMs Hits New High
The number of crypto ATMs worldwide is now more than 8000. According to CoinATRradar report; at the present time there are 8,208 ATMs in 73 countries allowing users to buy and sell Bitcoin(BTC) and altcoins for cash. There are now 6,000 Bitcoin ATMs (BTMs) alone in United States, whereas Spain was stagnant with 71 in 2020. Data shows the number of Bitcoin ATMs (BTMs) has risen by 17% since March, reportedly there were around 7,000 bitcoin ATMs during march. Read Full on cointelegraph.