Cryptocurrency News Cast For Jun 2nd 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 02-06-2020

๐Ÿ“ˆMarketCap:                   $269 B
๐Ÿ“Š24h Mcap %:                  -0.95%
⚠️Bitcoin Dom:                  65.10%

๐Ÿ“ŒActive Coins:                 3,153
๐Ÿ“24h Vol %:                      42.90%
๐Ÿ’ฒ24h Vol:                          $144 B

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1. Bitcoin Companies Will Now Be Regulated In Canada
Canada has deemed that cryptocurrency companies both domestic and foreign that service Canadian customers will be officially regulated as Money Services Businesses (MSBs) in the country. They will now need to comply with regulations and register with Canada’s financial intelligence unit, FINTRAC. MSBs will now include domestic and foreign businesses that are ‘dealing in virtual currency.’ These include virtual currency exchange services and value transfer services. Read Full on Decrypt

2. Bitcoin On Massive Surge, Moves Above $10,000
Bitcoin has finally done it. The asset rocketed past $10,000 for the first time in three months, reaching as high as $10,250 in a massive upward surge. This was a more than 7% jump from where the cryptocurrency was trading prior to the move. Just an hour prior to the explosive surge, Galaxy Digital co-founder and CEO Mike Novogratz noted that Bitcoin was “coiling” and was poised to “take out $10,000 soon.” Novogratz believes that prices will “move fast” now that $10,000 has been taken out. Read Full on NewsBTC.

3. Brave Browser Added 15 Million Monthly Active Users
Privacy-focused internet browser Brave has added 15.4 million monthly active users as of May, 2020. Daily active users also went up significantly, with 5.3 million users browsing with Brave on a daily basis. Additionally, the firm reported significant progress with its Brave Ads program, which rewards users in the form of Basic Attention Tokens (BAT) for voluntarily watching ads content from partner brands. From Oct. 2019 to May 2020, the number of advertisement campaigns supported by Brave Ads grew from 400 to 1530. Read Full on brave.

4. Ripple's XRP Liquidity Australian ODL Records New ATH
An increasing number of firms have now started to leverage Ripple and its remittance platform ODL, which essentially facilitates cross-border transactions utilizing XRP. Over the last couple of months, Ripple’s Australian corridor has become increasingly popular and XRP liquidity via the corridor, BTC Markets has reached New ATH. According to the Liquidity Index Bot, the Twitter bot which tracks the liquidity index of XRP on various corridors, the liquidity index for BTC Markets for the pair XRP/AUD soared all the way to 15.417M. Read Full on twitter.

5. Esports League Paying Winners In Ethereum
ConsenSys has partnered with the North American Collegiate League (NACL) to bring blockchain tech into esports tournaments, a form of sport competition using video games. Ethereum project incubator ConsenSys has helped NACL build an Ethereum-based platform to make match reporting smoother and automate tournament payments. NACL players will now be able to receive their winnings in a crypto wallet that's generated for them. Payments will be given in Dai and Ethereum. Read Full on Decrypt.

6. Hollywood Music Director Dives Into Crypto Trading
Hollywood music video director Joseph Kahn who’s won Grammys for his work with Taylor Swift and Eminem, announced his new favorite hobby: trading cryptocurrency. Kahn, who’s worked with some of the biggest music stars and brands said he spent the past month trading cryptocurrency, and had made a profit of $450. The award-winning director attached a screenshot of his portfolio on Coinbase Pro. It shows that his initial investment of $7,500—in Bitcoin, Ethereum and Litecoin—now has a value of $7,949. Read Full on twitter.

7. Macro Investor Raoul Pal Says Ether will Outperform Bitcoin at Some Point
In a tweet, macro investor Raoul Pal has recently opined that the price of Ethereum could outperform Bitcoin ‘at some point.’ Pal also cautioned his followers not to engage in ‘tribal attacks’ between the two largest cryptocurrency communities, claiming that they represent two different ecosystems and the ‘digital future.’ The world’s leading altcoin has been on a roll for the past week, surging by almost 25 percent to $250, its highest level since early March. Read Full on Twitter

8. Billionaire Michael Novogratz Expecting a Big Bitcoin Move
The prominent Wall Street investor and Galaxy Digital founder, Michael Novogratz explained that because of the “turmoil in the USA” people should watch bitcoin and gold. “Watch Gold vs Bitcoin,” Novogratz tweeted. “If that chart breaks higher it will turbo boost Bitcoin.” Novogratz further added: Bitcoin is coiling. It will take out $10k soon. All the tragic turmoil in the USA adds to the narrative. Budgets are going one way and it’s the opposite of balanced. When $10k goes it will move fast. Get on the train. Read Full on Bitcoin News

9. Buterin Says, Ehereum’s Layer 2 Scaling Strategy Succeeded
Ethereum is on the move in terms of development and price with the recent successful deployment of a number of layer-2 (L2) scaling solutions. Ethereum co-founder, Vitalik Buterin recently tweeted on the initial launch of a number of scaling solutions: "While everyone wasn’t looking, the initial deployment of ethereum’s layer 2 scaling strategy has *basically* succeeded. What’s left is refinement and deployment." One of the largest Plasma L2 scaling solutions was the Tether stablecoin on the OMG Network. Read Full on BeInCrypto.

News Source | cryptocrunchapp.com

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