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.

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