Cryptocurrency News Cast For Jun 11th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 11-06-2020

๐Ÿ“ˆMarketCap:                    $265 B
๐Ÿ“Š24h Mcap %:                    -4.97%
⚠️Bitcoin Dom:                  64.80%

๐Ÿ“ŒActive Coins:                  3,187
๐Ÿ“24h Vol %:                       -0.20%
๐Ÿ’ฒ24h Vol:                          $107 B

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1. Bank of Ghana Still committed To Pilot a Digital Currency
The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency. The central bank established a Fintech and Innovation Office to foster development in the local industry and has in recent years adapted its organizational structure to respond to major changes in the payments sector. First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari, said the bank’s specific CBDC pilot plans remain on solid ground that approaches to encouraging electronic cash transactions. Read Full on Cointelegraph.

2. Bitcoin Options Open Interest Hits $1.5 Billion
Total open interest in Bitcoin options passed $1.5 billion on June 9. This comes barely a month after open interest crossed $1 billion for the first time on May 7, marking a 50% increase in just 33 days. Deribit alone has open interest of $1.1 billion which was $903M on May 7. Whereas, Chicago Mercantile Exchange (CME) has increased its Bitcoin options open interest by over 850% in this time. On May 7 this stood at $38 million, but by June 9 CME recorded $368 million of open interest. Read Full on cointelegraph.

3. Microsoft Released Beta Version Of Bitcoin Based ID Tool
Microsoft's decentralized identity tool, called ION, is moving to the Bitcoin mainnet for a public beta test. Decentralized identity tools enable greater ownership over one's digital identity credentials by creating unique identifiers that are cryptographically verifiable. Users can secure their own information and verify the identities of others using public key infrastructure, limiting the reliance on companies like Facebook and Google. ION is a decentralized network that rely completely on Bitcoin's blockchain network to verify transacitons. Read Full on The Block.

4. Human Rights Foundation Launched Fund To Support Bitcoin Developers
The Human Rights Foundation is launching a fund to support open-source development for Bitcoin’s core protocol. The foundation is spearheading the initiative to support software developers who are making the Bitcoin network more private, decentralized, and resilient so that it can better serve as a financial tool for human rights activists, civil society organizations, and journalists around the world. The first developer to receive a grant from the fund is Chris Belcher, that will use the funding to develop the CoinSwap privacy protocol. Read Full on Decrypt.

5. Germany Recognizes VeChain to Improve Supply Chain Management
Germany’s Federal Office for Information Security (BSI), in charge of managing computer and communication security in the country studied 300 blockchains to discover ways of applying blockchain technology in relevant fields. They checked applicability, security, and the blockchain’s susceptibility as adjudged from the number of recorded breaches, to weed out quality projects. Following their thorough analysis VeChain stood out. BSI's report found that VeChain’s supply chain management tools were too intelligent. Read Full on BTCMANAGER.

6. Cardano Google Search and Social Engagement Rising
Data shows that people interest on Cardano is rising. As per analytics company LunarCrush almost 6,000 social media posts mentioning Cardano were published in the past 24 hours alone. The company’s metric measuring overall social engagement showed that there were over 10.7M posts, comments, retweets, and favorites across all social media. It’s not only social media posts that are growing for Cardano. Data from Google Trends has shown that searches for the platform are the highest they have been in the past two years. Read Full on CryptoSlate.

7. South Korean Local Merchants Ready to Accept Digital Yuan
South Korean media outlets suggest that local merchants could accept the upcoming digital yuan as a payment method once the COVID-19 pandemic passes and Chinese tourist flow increases in the country. Report details that in Seoul’s Myeongdong district, some stores have been accepting payments using Alipay, thus showing interest in customers from China. Due in part to this fact, merchants have begun to consider the digital yuan as a payment method once it launches. Read Full on cointelegraph.

8. BitFlyer Blockchain Released Voting App for Virtual Shareholders Meetings
BitFlyer Blockchain revealed a new blockchain-based app — dubbed bVote — aims to allow Japanese corporations to conduct general shareholders meetings without requiring anyone to physically attend. The app will be able to prevent vote forgery and manipulation and requires users to scan their My Number card for identification. Yuzo Kano, the CEO of bitFlyer Blockchain, expects demand for the app to grow as people's lifestyles change and remote work and digitization accelerate. Read Full on Cointelegraph.

9. Mockup Exam in China Asked Students a Question on Bitcoin Mining
A practice test for the Gaokao, China's college entrance exam, this year features a question on Bitcoin mining that asks students to provide an analysis of why Bitcoin miners would be clustered in the province of Sichuan. Other reports from local media in China indicate that Bitcoin mining has appeared as a topic in other publishers' exam prep books. Gaokao questions focus on the most important issues of the year and act as a barometer for what's on the government's mind. Read Full on Decrypt.

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