Cryptocurrency News Cast For Jun 8th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 08-06-2020

๐Ÿ“ˆMarketCap:                   $276 B
๐Ÿ“Š24h Mcap %:                    2.90%
⚠️Bitcoin Dom:                  64.80%

๐Ÿ“ŒActive Coins:                 3,176
๐Ÿ“24h Vol %:                        2.05%
๐Ÿ’ฒ24h Vol:                           $78 B

Trade On These Exchanges
  • Advertise Your Products and Get Leads To Your Business,FREE REGISTRATION.Register link:✅๐Ÿ‘‰ http://bit.ly/2YlhQRh 
Buy Products and Gift Cards With Bitcoin๐Ÿ‘‰ http://bit.ly/2sFJvSf

1. Bitcoin’s average transaction fees drop by 83% from post-halving high
The average cost of a single Bitcoin transaction has plummeted from high levels that followed the Bitcoin halving. According to the data, on May 20, the average cost of a Bitcoin transaction was $6.647, which was the highest average fee in almost two years. Since May 20, the average Bitcoin transaction fee has fallen to $1.083, showing an 83.7% drop. The stake in transaction fees toward the end of May coincided with the hype around May 11's Bitcoin halving, after which the reward for mining new Bitcoin cut in half. Read Full on Decrypt.

2. Blockchain is The Fastest Growing Fintech Insustry in Hong Kong
Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology. According to Hong Kong’s Financial Services and Treasury Bureau, DLT represents an increasingly dominant share of the country’s new fintech firms year-over-year, up from 27% as of 2018. 22 out of the 57 fintech firms that have launched in Hong Kong over the past year operating with DLT. Read Full on cointelegraph.

3. Justin Sun: Tron 4.0 Will Be Launched Next Month
The wait for an exact date of the launch of TRON 4.0 is finally over, Justin Sun has announced that TRONZ's Smart Contract Privacy Protocol will finally be released as an integral part of TRON 4.0 protocol on July 7. With the new upgrade TRON platform expects to reduce block confirmation times from 57 seconds to 3 seconds, will usher in a cross-chain era for the Tron ecosystem and will also offer Financial institution and enterprise blockchain solution for the deployment of customized blockchain-based applications. Read Full on twitter.

4. Ethereum’s Hash Rate Sees Steady Growth in 2020
Ethereum has seen booming network utility throughout 2020. It has seen heightened stablecoin issuance and a growing influx of finds into various ETH-based DeFi initiatives which has led ETH to see booming demand, as more investors begin recognizing its growing potential. This has also coincided with a massive rise in its hash rate. According to data from analytics platform Glassnode, ETH’s hash rate has risen by just under 27 percent throughout the year, leading to 166 tera-hashes per second, highest levels seen in over 7 months. Read Full on CryptoSlate.

5. Tencent Forms Alliance To Promote Blockchain Development
Chinese tech giant Tencent’s cloud service, Tencent Cloud, has launched an alliance to promote the development of the blockchain industry. The alliance aims to attract 100 members this year, including tech companies, industry associations, universities. Members plan to establish blockchain industry standards and research potential blockchain applications. The alliance will form three committees - standards, technical, and business ecosystem committee. Tencent estimates that members will increase their business con­ver­sion rates by 30%. Read Full on The Block.

6. Zhe­shang Bank to Launch First Commercial Paper Worth $16.9 Billion on Blockchain
China Zhe­shang Bank, a national commercial bank issued China’s first asset-backed commercial paper dubbed Lianxin ABCP worth $16.93 billion on a blockchain. The Lianxin ABCP is for a pe­riod of six months with the op­tion of rollover is­suance. The launch of Lianxin ABCP will increase the ac­ces­si­bil­ity of fi­nanc­ing for SMEs that have dif­fi­culty with fi­nanc­ing via di­rect debt is­suance, also integrate supply chain finance with small, medium, and micro-enterprises. Read Full on.

7. Adam Back: Bitcoin Blockchain is the foundation of the New Digital Age
With block 632874, which was mined on June 3, the Bitcoin blockchain’s expected cumulative work hit a new milestone. According to Blockstream co-founder Pieter Wuille, it has now surpassed 2^92 double-SHA256 hashes. Crypto pioneer Adam Back highlighted Wuille’s findings, and told that bitcoin blockchain is a new wonder of the world that has required more work and human ingenuity than the great pyramids of Egypt. He called it the foundation of a new digital age. Read Full on Twitter.

News Source | cryptocrunchapp.com

Post a Comment

0 Comments