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.

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