Cryptocurrency News Cast For Jun 9th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 09-06-2020

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1. Cardano Shelley Public Testnet On June 9
A new phase for Shelley is about to begin, as the testnet for Cardano’s staking era will be open to all stake pool operators. As of May, the “friends and family” testnet was open only to a select group of about 50 stake pool operators who were set to pave the way for more operators that want to join in. According to IOHK’s marketing and communications director Tim Harrison, the Shelley testnet is set to enter final phase, which will bring the network closer to mainnet release. Shelley testnet will be open to all stake pool operators on Jun. 9. Read Full on BTCMANAGER.

2. Ethereum Wallets With More Than 32 ETH Hits ATH
Ethereum wallets with at least 32 ETH, have grown by 13% this year. According to a report teased by analytics firm Arcane Research, the number of Ethereum network balances that include or exceed 32 ETH is nearing 120,000. Under the proposed ETH 2.0 update, 32 ETH is the number of tokens you need to run an ETH 2.0 staking node—the validating nodes that will come to replace the miners to validate transactions and maintain the Ethereum blockchain. Read Full on Decrypt.

3. Central Bank of Saudi Arabia Transfers Funds Using Blockchain
The Middle East is seeing widespread adoption of blockchain technology in the finance sector. The Saudi Arabian Monetary Authority (SAMA), the country’s central bank, announced that it used blockchain technology to deposit funds to local banks. SAMA said that the funds were a part of the bank’s initiative to enhance its “capabilities to continue its role in providing credit facilities.” SAMA has performed enormously in terms of using blockchain for remittances for banks located in Saudi and the United Arab Emirates. Read Full on cointelegraph.

4. DAI Locked In DeFi Lending Protocol Aave Almost Doubled Overnight
The number of DAI locked up in the Ethereum based Aave lending protocol almost doubled, on June 8. DeFi Pulse ranks Aave as the fourth most utilized decentralized finance application operating on Ethereum, behind Maker DAO, Synthetic, and Compound, respectively. According to data from DeFi Pulse, the number of DAI locked in the decentralized finance protocol jumped 86% overnight – climbing from 2.1 million, to just over 4 million. There is currently $73.7 million locked up in Aave. Read Full on CryptoPotato.

5. Ripple's Payment Network Demand Is On Rise
Ripple's payments network has expanded and is now used by an estimated 350 financial institutions globally, a senior executive for the San Francisco startup has revealed. Navin Gupta, the startup’s managing director for the South Asia and MENA region, claimed that Ripple had added approximately 50 partners since last year. Desai said that the shake up to international remittance services that Ripple offered was like comparing the impact of email to the postal services of yore. Read Full on Decrypt.

6. Australians and Kiwis Can Now Buy Coca-Cola via Digital Currency
Coca-Cola Amatil – the largest bottler and distributor in the Asia Pacific supporting 140 brands and more than 270 million consumers – has inked a deal with Centrapay, a Digital asset integrator to enable Australia and New Zealand residents to buy soft drinks from vending machines via digital currency. Centrapay aims to bridge the gap between brands and individuals to increase revenue and operational efficiency for merchants. Read Full on BTCMANAGER.

7. Bitcoin Trading Volume In Egypt Hits New Highs
According to the information provided by the cryptocurrency statistics platform, CoinDance, the demand for bitcoin has surged last week in Egypt and has registered a fresh all time high. Egyptians traded nearly 2.2m EGP for Bitcoin on the popular peer-to-peer cryptocurrency exchange LocalBitcoins. The most recent growth in Bitcoin trading volume has surpassed the previous record registered in mid-March. At the time, the volume accounted for almost 1.3 million EGP traded in a week. Read Full on coin.dance

8. Japan's Largest Home Builder Using Blockchain Technology
Japan home builder Sekisui House is utilizing blockchain technology to move it closer to one-stop leases for rental properties. Sekisui House said that it would use blockchain for rental housing contracts, including covering electricity and gas that will be implemented before March 2021. Users staying in “Shamaison” rental homes will be able to register their phone numbers and addresses to enter the property without ever contacting a real estate agent. Existing technology allows customers to finalize real estate rental contracts on their smartphones. Read Full on Cointelegraph.

News Source | cryptocrunchapp.com

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