Cryptocurrency News Cast For Jun 15th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 15-06-2020

๐Ÿ“ˆMarketCap:                    $266 B
๐Ÿ“Š24h Mcap %:                    0.33%
⚠️Bitcoin Dom:                   65.20%
๐Ÿ“ŒActive Coins:                  3,194
๐Ÿ“24h Vol %:                      -23.00%
๐Ÿ’ฒ24h Vol:                           $87 B

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1. Community Donates BTC To Guy Who Lost His Entire Bitcoin Holdings
The crypto community has rallied in support of the victim of a phishing scheme who lost 12 Bitcoins the entirety of the investor’s holdings that had been accumulated over seven years. Eric Savics, the host of Protocol Podcast, tweeted that he has lost his entire Bitcoin savings that he had hoped to purchase an apartment in future using the funds. However, onlookers opted to donate BTC to Savics. As of this writing, Savics’ wallet has received nearly 0.709 BTC, worth roughly $6,650 at current prices. Read Full on cointelegraph.

2. China Will Not Ban Legal Crypto Accounts
Banks in China have clarified that they are not shutting down any legit fiat to crypto accounts. According to the report, China Merchants Bank, Bank of China, Agricultural Bank of China, China Construction Bank and industrial and Commercial Bank of China has responded that As long as the operation is legal, the channel is legal, the virtual currency source is legal and if the web page also supports the bank card service, the bank will not actively freeze the user's funds. Read Full on cointelegraph.

3. Willy Woo Explains 'Real Value' of Bitcoin
Hedge fund manager Willy Woo, explained his concept of 'real-world value' as backed by the Bitcoin network. Willy called modern fiat money system just an experiment and argued that people who says that bitcoin doesn't has any real world value should understand that it is not true, He told, "every BTC created is a digitisation of real world value without need for a central trusted entity (that is energy and amortisation of mining hardware). Its valuation is not centrally controlled like fiat but a global market concensus, like gold / silver." Read Full on twitter.

4. Bitcoin Transaction Fees Drops Further
Bitcoin's transactions fees have dipped to fresh lows the cost of sending the cryptocurrency now averages $0.711, data from Bitinfocharts shows. Bitcoin transaction fees have plummeted since a spike last month following May 11’s halving. The cost of sending Bitcoin reached a peak of $6.65 on May 20, the highest average transaction fee since July 2018. Data shows transaction fees have dropped by 89.3% to be precise in just 25 days. Read Full on Decrypt.

5. Chinese Companies Are Optimistic About The Potential Of Blockchain Technology
The report surveyed nearly 350 Chinese companies who still believe in the higher potential that blockchain technology could offer to their businesses. There are still nearly 70% of companies that will not reduce the capital investment of blockchain projects, and 20% said that they will increase Capital investment for large blockchain projects. According to experts, blockchain solves the problem that traditional centralized databases cannot generate trust among enterprises and solves the trust problem of multi-party collaboration. Read Full on Cointelegraph.

6. Crypto Lending Platform Started Distributing Tokens To All Users of DeFi Protocol
Compound’s governance token will be available for distribution to all users of the decentralized finance protocol beginning on June 15. Compound Governance Proposal 007 has been created that will begin distributing 1,116,310.81 COMP across “ETH, DAI, USDC, USDT, BAT, REP, WBTC, and ZRX markets, proportional to the interest being accrued in the market. The proposal states, within each market, half of the COMP is allocated to suppliers and the other half to borrowers. Read Full on Cointelegraph.

7. Survey: People Trust Bitcoin Over Big Banks
According to new survey conducted by fintech news site, The Tokenist, bitcoin has become more trustworthy than big banks over the last few years. The survey, which polled 4,852 participants across 17 countries, found that 47% of respondents now trust Bitcoin over big banks like Wells Fargo, JPMorgan, Goldman Sachs, showing an increase of 29% in the past three years. Survey Further revealed that 59% of millennials are confident that Bitcoin will see mass adoption within the next 10 years. Read Full on Decrypt.

8. South Korea to Assess Legal Issues Surrounding Potential CBDC Launch
South Korea's central bank, the Bank of Korea, has tapped six experts, namely three professors, two lawyers, and one BOK official to evaluate issues surrounding a potential central bank-issued digital currency launch. The April announcement said that the BOK does not see an immediate need to release a CBDC, but wishes to be prepared in case the government decides to go ahead and introduce a digital won. Recently report suggests that local merchants are ready to accept CBDCs, even ones issued by foreign central banks. Read Full on Cointelegraph.

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