Cryptocurrency News Cast For Jun 29th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 29-06-2020

๐Ÿ“ˆMarketCap:                     $259 B
๐Ÿ“Š24h Mcap %:                   -0.23%
⚠️Bitcoin Dom:                   64.70%
๐Ÿ“ŒActive Coins:                   3,245
๐Ÿ“24h Vol %:                        -5.96%
๐Ÿ’ฒ24h Vol:                            $53 B

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- Total Value Locked In Compound Reached $1 billion
Decentralized lending protocol Compound continues to be the king of decentralized finance (DeFi). Compound Finance’s CEO announced that the total value supplied to the protocol has hit $1 billion. The value supplied to the protocol indicates the amount available on the project for people to borrow. As of June 28, 31.68% of the value supplied to the platform is in BAT, 23.27% is in ETH, and 22.83% is in the US dollar-pegged stablecoin, USDC. The value is supplied by 29,308 users. Read Full on Decrypt

- Binance Completes Spot Trading System Upgrade
Changpeng Zhao, CEO of the largest cryptocurrency exchange Binance announced the completion of upgrading the spot trading system. He stated that in the course of working on upgrading the system, Binance switched its matching engine to a new programming language. The team rewrote all codes from scratch. The head of the exchange emphasized that it took two years to prepare the major upgrade that has just been implemented. Upgrade is expected to improve Binance's performance while making it faster. Read Full on U.Today.

- Max Keiser: Bitcoin Naysayers Will 'Go All-In' on Bitcoin
Popular television personality Max Keiser firmly believes that bitcoin skeptics will go all in big on bitcoin when they finally understand it. The host of Keiser Report, singled out three bitcoin naysayers in particular. He told, Peter Schiff, Jim Rogers, Mark Cuban, and other pre-coiners represent huge pent-up bitcoin buying demand. When they finally understand it, they’ll go all-in with huge buys. He assured this with 100% guarantee that this to be the case. Meanwhile, a growing number of institutional investors already getting into bitcoin. Read Full on Bitcoin News.

- John McAfee Ghost Coin to be Deployed as Payment On Vending Machines
Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland. The privacy coin and distributed exchange went live last week amid the ongoing controversy surrounding it. Ghost distributed exchange replaced the McAfeeDEX distributed exchange in the process. Read Full on twitter.

- BitMEX Launching New Services For Its Corporate Clients
Hong Kong-based crypto derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting. BitMEX said the new features were created for clients who need “different ownership structures for their accounts”, the means for their employees to access and manage accounts, and security requirements. Accounts on the crypto exchange that are not owned and operated by an individual can now ensure their BitMEX holdings are the legal property of a corporation. Read Full on cointelegraph.

- Robert Kiyosaki: Fed Is Dead, Buy Bitcoin
There are many investors that are still hesitant to get involved with Bitcoin. Yet prominent financial educator and entrepreneur says that owning Bitcoin is a wise decision. "Rich Dad Poor Dad" author Robert Kiyosaki, told that Federal Reserve is dead and so-called “zombie companies”, their respective debts which is at $900 billion is rising and will surpass $1.6 trillion next year. Alongside a potential debt crisis and money printing, Kiyosaki has effectively prescribed Bitcoin as cure. Read Full on twitter.

- BHP Group Completes $14 Million Iron Ore Trade On Blockchain
Multi-billion-dollar mining group BHP Group announced the completion of $14 million iron ore trade using a blockchain platform developed by MineHub Technologies company. The trading was made between BHP and China Baowu Steel Group. BHP used the blockchain platform to digitally process contract terms, exchange documents, and provide real-time cargo visibility. The implementation of blockchain by BHP purportedly comes as a part of its plan to digitize the documentation process in commodities trading. Read Full on reuters.

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