Cryptocurrency News Cast For July 7th 2020 ?

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


๐Ÿ“ˆMarketCap:                     $269 B
๐Ÿ“Š24h Mcap %:                     0.23%
⚠️Bitcoin Dom:                   63.40%
๐Ÿ“ŒActive Coins:                   3,288
๐Ÿ“24h Vol %:                        -8.10%
๐Ÿ’ฒ24h Vol:                            $59 B

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- Akon Setting Up Blockchain Hub In Kenya

Famous Senegalese-American musician and a known blockchain supporter Akon, is setting up a blockchain hub in Kenya. Dubbed the “Kenyan Opportunity Hub”, the new venture aims to promote blockchain and artificial intelligence, or AI, education. They also hope to provide Kenyans with more work opportunities. A joint initiative of Akon’s blockchain startup Akoin and EOSIO-powered project Effect.AI, the hub is set to launch in Q4 2020. The project will be handled by Akon’s philanthropic arm, the Akon Foundation. Read Full on cointelegraph.

- Plan B: Bitcoin Will Give 1,000% Returns in 2020-2024

Renowned analyst Plan B, who is also the creator of the stock-to-flow analysis, while summarizing the results of his recent Bitcoin price poll told he expects Bitcoin to show more years with over 1,000 percent profit. The crypto expert shared his certainty that Bitcoin’s return distribution will remain asymmetric with a fat, positive tail, which means that there will be more years ahead with Bitcoin showing 1,000%+ returns, similar to 2011, 2013 and 2017. He claims a 1000%+ return will happen 2020-2024. Read Full on twitter.

- Chinese Court Securing Property On Blockchain

The Executive Bureau of the People's Court in Haidian District, Beijing, has reportedly deployed a blockchain-based electronic seal to secure a property in Chaoyang district. By applying blockchain-powered e-sealing, courts are able to securely monitor a property in real-time with help of video surveillance. Use of blockchain technology is intended to keep all data recorded and unmodified by involved parties. Law enforcement staff can also use the platform to check the history of operations on the sealed property. Read Full on cointelegraph.

- Kraken Brings Regulated Bitcoin Futures Trading To Europe

Kraken subsidiary Crypto Facilities has secured a UK Multilateral Trading Facility license, bringing regulated crypto derivatives such Bitcoin and Ethereum futures to Europe. The license awarded by the UK’s Financial Conduct Authority (FCA) makes Kraken Futures the only licensed derivatives marketplace in Europe that can offer leveraged cryptocurrency trading. Kraken Futures currently offers futures contracts priced in US dollars on Bitcoin, Ethereum, Litecoin, XRP, and Bitcoin Cash. Read Full on Decrypt.

- Report: Active Ethereum Dapp Users Doubled In Q2 2020

The second quarter of 2020 may have been an inflection point for decentralized applications on Ethereum. Active users on Ethereum-based dapps doubled in a single quarter for a cumulative total of more than 1 million. Active dapp users on Ethereum grew from around 637,000 in Q1 to more than 1.25 million in Q2. Ethereum total DeFi volume reached more than $10.3 billion in the second quarter. Ethereum also saw 45 new dapps launched in the second quarter, while the next closest competitor, TRON, recorded 33 new applications. Read Full on Decrypt.

- Canada Revenue Agency Research Reveals Bitcoin ATMs Increase Store Traffic

At the time of writing, over 8,550 Bitcoin ATMs are in service worldwide, so people might wonder – what is driving Bitcoin ATMs installations? In a study commissioned by the CRA (Canada Revenue Agency), it was determined that the main reason for introducing the machines into a business is increased store traffic. In fact, all the 20 participants acknowledged that after installing a Bitcoin ATM, store traffic increased. Research also finds, convenience stores are the most common location for a Bitcoin ATM. Read Full on canada.ca.

- Chainlink Token Price Reached New All-Time High

As per data, around 19:30 UTC on Monday (July 6), decentralized oracle network Chainlink's LINK token started a rally that saw it race from $4.876 - this last all-time high (ATH) - to $5.40 (a new ATH) in just one hour and the rally did not stop there: by 05:40 UTC on Tuesday (July 7), Chainlink had managed to set another ATH when the price got to $5.643 over past 24 hours. Over a period of last 24 hours, Chainlink, had the 3rd highest trading volume with 8.06M link tokens ($42.84M) followed by Bitcoin and Ethereum. Read Full on CryptoGlobe.

- Bitcoin Hash Rate Hits New All-Time High

An essential Bitcoin (BTC) metric has hit a new all-time high as miners pledge even more computing power to securing the network. Data from various resources including Blockchain confirms that on July 6, Bitcoin’s seven-day average hash rate has reached All-Time High(ATH) value of 123.4 EH/s. Hash rate is an estimate of how much computing power miners are devoting to processing Bitcoin transactions. A higher average suggests that miners have more faith in profitability, and their activity in turn strengthens the network. Read Full on cointelegraph.

- Lightspeed Venture Partners Invests $2.8 M In Crypto Market Maker

Crypto market maker Wintermute has raised $2.8 million in a Series A funding round led by Lightspeed Venture Partners an early investor in Snapchat. Wintermute will use the funds to expand its business into over-the-counter trading and the crypto derivatives market. Wintermute is on a mission to become the "invisible hand of the market", the largest crypto market maker that basically provides liquidity to the markets, making them more efficient and professional, while supporting projects that are in the best position to revolutionize finance. Read Full on The Block.

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