Cryptocurrency News Cast For July 4th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 04-07-2020

๐Ÿ“ˆMarketCap:                     $259 B
๐Ÿ“Š24h Mcap %:                    -0.30%
⚠️Bitcoin Dom:                   64.20%
๐Ÿ“ŒActive Coins:                   3,268
๐Ÿ“24h Vol %:                        -2.10%
๐Ÿ’ฒ24h Vol:                            $44 B

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- Coinbase Will Allow Users To Store And Stake ADA
Cardano developer IOHK has partnered with Coinbase Custody, a cold storage provider administered by the popular exchange. The arrangement will enable Cardano users to store and stake the blockchain’s cryptocurrency ADA, while keeping their assets securely stored in cold wallets. It will be available before the end of Q4 2020. Staking is an incentive mechanism for Proof of Stake (PoS) networks that reward users for contributing their token hoard in validating transactions and securing the network. Read Full on BTCMANAGER.

- Voice Goes Live Ahead of Schedule
Voice, a blockchain-based social media project developed by EOS creator Block.One, public beta has went live one day before its scheduled launch date of July4. Based on the open source EOSIO protocol, Voice aims to use Blockchain technology to create a trusted social experience, free from bots and fake accounts. Project uses biometric authentication technology to verify every account in order to protect user data. Voice’s main page displayed several posts from different accounts which featured multiple likes and comments. Read Full on voice.

- Dapp Transaction Volume Hits $12 billion
According to the latest figures from DappRadar, transaction volumes for decentralized applications (dapps) hit $12 billion in Q2 of 2020, a $4.5 billion (37%) increase from Q1 of the same year. Ethereum dapps accounted $10.2 Billion Volume with the majority of value coming from the use of decentralized finance (DeFi) apps. Despite Ethereum’s dominance of dapp transaction volume Tron (TRX) have shown increased daily dapp activity in 2020. Between Q1 and Q2, Tron transaction volume increased from $78K To $13.6 million. Read Full on dappradar.

- Bank of Japan Will Work On Digital Yen
On July 2, the Bank of Japan (BoJ) published a report in which the institution considered the pros and cons of creating a digital version of Japan’s currency, the Yen. In the document, titled "Technical challenges of CBDC" BoJ has cited “universal access” and “resilience” as the primary technical issues that need to be solved in order for the system to work, allowing users to make transactions even in the offline mode. Both blockchain-based and centralized CBDC solutions are currently on the table, with the possibility of a hybrid system. Read Full on Decrypt.

- Report: EU Blockchain Startups Prefers Ethereum Blockchain
Ethereum is the blockchain of choice for the majority of European startups and corporations involved in the rapidly growing blockchain industry, according to the latest report by LeadBlock Partners, a London and Paris based venture capital fund. As per data 27% of EU enterprise blockchain startups and corporations that have decentralized solutions in the works are using Ethereum for their projects. In their turn, both Hyperledger and Corda attracted around 20% and 16% of developers each. Read Full on Decrypt.

- IOHK Has Set Up $20M Development Fund For Cardano Ecosystem
Cardano developer house IOHK has partnered with Los Angeles-based Wave Financial and has set up a $20 million development fund dubbed “cFund”. The fund has a broad remit to invest in startups and early-stage businesses that use Cardano ecosystem. Typical investments will total between $250,000-500,000. The “cFund” is a 50/50 venture: IOHK has already put in the "anchor" $10 million, and Wave plans to raise the other half from external investors. Read Full on CoinDesk.

- Bitcoin Miners Total Revenue Climbs To $17.5 Billion
As per Glassnode data, Bitcoin’s all-time mining revenue known as ‘thermocap’ has surpassed $17.5 billion. After breaching the $15 billion milestone in late 2019, it has so far increased by about 16 percent this year. Thermocap is a market capitalization alternative that was introduced by Nic Carter, co-founder of CoinMetrics. It combines mining resources spent on the network that consist of block rewards and transaction fees, an aggregated amount of coins paid to miners and serves as a proxy to mining resources spent. Read Full on U.Today.

- Tron (TRX) Has Joined DeFi Bandwagon With 3 New Products
Tron Founder Justin Sun has announced that their team will launch three products meant for DeFi interactions, all centered around Just (JST) tokens. First is “JUST Lend”- a DeFi marketplace where TRON users can earn interests or borrow assets against collateral. The second is “JUST Swap,” fully decentralized on-chain protocol for token exchanges, this allows user to exchange tokens for any pairing while experiencing no slippage or late trades. Last is “JUST BTC,” touted as a TRC20 token backed 1:1 by Bitcoin. Read Full on twitter.

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