Cryptocurrency News Cast For Jun 17th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 17-06-2020

๐Ÿ“ˆMarketCap:                    $267 B
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1. Binance Joins Ethereum 2.0 Staking Pilot Project
Six high-profile crypto startups will participate in an Ethereum 2.0 staking pilot project run by Codefi, a new product suite for commercial applications of Defi. The program’s participants include crypto exchanges Binance and Crypto.com; digital investment fund DARMA Capital; Huobi Wallet; digital assets management platform, Matrixport, and custodial wallet provider Trustology. The six firms will all gain early access to the Codefi Ethereum 2.0 staking solution and can provide feedback and feature requests on the project’s new staking API. Read Full on twitter.

2. Deloitte 2020 Report Shows Growth in Blockchian Adoption
According to Deloitte's 2020 survey companies around the world are accelerating their blockchain integration. 39% of companies surveyed by Deloitte are already integrating the technology into their operations, a sharp increase from 23% in 2019. Among 1,488 senior executives and practitioners from 14 countries and territories surveyed by Deloitte, 55% also named blockchain among the top five strategic priorities for their companies, while 82% stated that they are already hiring blockchain expertise or planning to do so in the next 12 months. Read Full on Decrypt.

3. 90% Of Payment Processed By Bitpay Is In Bitcoin
Bitcoin continues to be the dominant payment method for BitPay, according to new payment statistics released by the firm. Since November 2019, bitcoin has maintained a 90% market share of all payments processed, through BitPay's platform. The closest competing asset is bitcoin cash, which maintained a market share of between 3-5%. Additional data revealed that from January to April, BitPay processed approximately 390,000 transactions, averaging roughly 98,000 per month. Read Full on The Block.

4. WisdomTree Proposes ETF With 5% Bitcoin Exposure
WisdomTree Trust is seeking to launch an exchange-traded fund (ETF) that invests in the growing bitcoin futures market. The New York City-based asset manager filed on Tuesday for an ETF that may invest up to 5% of its net assets in the Chicago Mercantile Exchange’s (CME) bitcoin futures contracts. The move casts bitcoin as a perhaps normalized investment opportunity for a fund that more generally seeks exposure to commodity markets at large. Read Full on CoinDesk.

5. Binance Will Launch Crypto Trading Platform For UK
Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors. With this platform, Binance aims to tap the institutional investment market and meet the rising demand for digital asset investments. Binance is reportedly reviewing 65 digital assets that it plans to list on the exchange at launch. Investors will be able to trade these assets directly against pounds and euros. Binance’s trading platform will function under the supervision of the U.K. Financial Conduct Authority. Read Full on cointelegraph.

6. Blockchain-Based System Will Protects User Data: Indian Telecom Regulator
The Telecom Regulatory Authority of India (TRAI) has said that the use of technology like blockchain has been adopted to protect consumers' data by telecom service providers under the Telecom Commercial Communication Customer Preference Regulation (TCCCPR-2018) regulation to curb the menace of spam SMS. Towards this goal, one salient feature of the TCCCPR 2018 regulation was the advocacy for DLT or blockchain technology as a RegTech for regulatory compliance and innovation. Read Full on BTCMANAGER.

7. Jesse Powell: Bitcoin Will Outpace Gold
Kraken CEO Jesse Powell told Bloomberg in a recent interview that Bitcoin would surpass gold as a store of value in the long-term. Powell trumpeted Bitcoin’s success as a store of value. The predictable nature of issuance has seen many flock to BTC as a hedge against traditional asset classes, and Powell suggested that long-term, he believed it would surpass gold. Powell claimed that pretty soon layer-2 solutions will in time make Bitcoin (BTC) as easy to use as the United States dollar. Read Full on cointelegraph.

8. World Economic Forum to Reduce Corruption Using Ethereum Blockchain
World Economic Forum (WEF) partnered with the Colombian government to develop a proof-of-concept (PoC) using the Ethereum public blockchain. The aim of the project is to apply a high level of transparency to the procurement corruption, which happens in the process of bidding for high-value contracts. Ashley Lannquist, the WEF’s project lead for blockchain and digital currency said that the strongest value proposition is that no records are being deleted, no vendor bids are being denied which comes the most from blockchains like Ethereum. Read Full on CoinDesk.

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