Thursday, February 27, 2020

One Stop Cryptocurrency News Cast For Today ?

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๐Ÿ“ฎ27-02-2020

๐Ÿ“ˆMarketCap:                  $249 B
๐Ÿ“Š24h Mcap %:                 -5.54%
⚠️Bitcoin Dom:                 63.8%

๐Ÿ“ŒActive Coins:                2,383
๐Ÿ“24h Vol %:                  14.46%
๐Ÿ’ฒ24h Vol:                    $132 B

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1. Monero to Implement New Technology to Enhance Privacy
Monero is going to introduce Dandelion++ in near future to make Monero network, already known for its privacy, even more private. The devs asked the community for help. The author of the post says that the team is waiting for Dandelion++ to be merged with the code. However, they asked for the community’s assistance in testing the new feature which will be crucial for further Monero development. New technology will enhance Monero's privacy making much harder for an attacker to link a transaction to a specific node. Read Full on reddit.

2. Coinbase Wallet Adds, Customizable Addresses to Simplify Crypto Sending
Coinbase Wallet users can now send cryptocurrencies to "short human-friendly addresses" rather than using the traditional long-form alphanumeric addresses. Product lead Sid Coelho-Prabhu announced that Coinbase Wallet now supports customizable wallet usernames for sending cryptocurrencies. He told, it will make crypto much easier to use and help drive adoption with mainstream audience. New support also includes an integration with ENS, allowing Coinbase Wallet users to send cryptocurrencies to .eth addresses. Read Full on CoinDesk.

3. Swiss Stock Exchange Partners with Omniex to Access Crypto Exchanges
Switzerland’s leading stock exchange, SIX Swiss Exchange, has partnered with Omniex a San Francisco based firm that develops trading platforms designed for institutional investors targeting the crypto asset markets. The partnership will provide the firm and its clients with a gateway to digital exchanges including crypto and market makers. SIX Executive Board member, Thomas Zeeb, stated that the exchange had identified a growing need in the market to access crypto. Read Full on Cointelegraph.

4. Binance’s CZ Overtakes Bitmain Co-Founder in New Hurun Rich List
While China now has more billionaires than the United States and India combined, Binance CEO might have more money than any crypto person, a new report says. Binance CEO Changpeng Zhao has overtaken Bitmain’s ousted co-founder Micree Zhan Ketuan in the latest Hurun Global Rich List. Issued on Feb. 26, the new Hurun Report’s list of 2,816 global billionaires includes six individuals who made their fortune from blockchain and crypto industry. Read Full on Cointelegraph.

5. Virgin Galactic Chair: Everyone Should Have 1% of Their Assets in Bitcoin
Chamath Palihapitiya, chairman of Virgin Galactic and former Facebook executive, explained that everyone should have 1% of their net worth invested in Bitcoin. He cited Bitcoin’s quality as a totally uncorrelated asset class, and the overuse of leverage in traditional finance as reasons to hedge with BTC. Palihapitiya says, if you allocate 1% of the assets in Bitcoin then it will protect you, because it will have a value of hundreds of thousands or millions of dollars per coin. Read Full on YouTube.

6. Iranian General Calls for use of Crypto to Evade Sanctions
An Iranian general Saeed Muhammad believes cryptocurrency is the way to bypass the sanctions on his country enforced by the United States of America. Saeed Muhammad, commander of the Islamic Revolutionary Guard Corps, while addressing a crowd called for Iran to use cryptocurrencies to evade the economic sanctions. Sanctions imposed by the Trump administration have effectively isolated Iran from foreign trade and investment and the use of cryptocurrencies has been on the rise ever since as a way to circumvent them. Read Full on Cointelegraph.

7. Brave Browser is Better Than Chrome, Firefox & Safari for User Privacy: Study
Trinity College Dublin’s chair of computer systems and privacy expert, Dr. Douglas Leigth, compared some of the most popular browsers, like Chrome, Firefox, Safari, Microsoft Edge and Yandex in terms of how much personal data they share with backend servers, reached an unambiguous conclusion: Brave trumps competition. Brave also has it's blockchain based native coin, Basic Attention Token (BAT), a new way to value attention, connecting users, content creators, and advertisers. Read Full on Cointelegraph.

8. $500 Million Worth of Bitcoin Sold by Square App in 2019
Payment and mobile financial service company Square registered over half a billion dollars worth of bitcoin sales (~$516 million), translating to $8 million in gross profits – less than 2% of gross profit from subscription and transaction-based services. Square's 4Q earnings saw $178 million worth of bitcoin sold in the quarter, up ~20% from last quarter and 240% year over year. Square redesigned the Cash App to include shares trading had helped to drive the first-time bitcoin buyers as well. Read Full on The Block.

9. European money transfer firm Azimo now uses XRP
European money transfer firm Azimo will utilize Ripple’s On-Demand Liquidity (ODL) solution to settle cross-border payments using XRP into The Philippines. Ripple’s ODL solution has significantly reduced the cost and delivery time for cross-border transfers, and our customers are seeing the benefits,” said Richard Ambrose, CEO of Azimo. Ripple said ODL helps settle two currencies “within seconds” and has the potential to reduce liquidity costs by up to 60% compared to traditional banking solutions. Read Full on ripple.

Wednesday, February 26, 2020

One Stop Cryptocurrency News Cast For Today ?

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๐Ÿ“ฎ26-02-2020

๐Ÿ“ˆMarketCap:                  $265 B
๐Ÿ“Š24h Mcap %:                 -5.42%
⚠️Bitcoin Dom:                 63.6%

๐Ÿ“ŒActive Coins:                2,376
๐Ÿ“24h Vol %:                   -1.8%
๐Ÿ’ฒ24h Vol:                    $116 B

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1. New Zealand Proposes to Free Crypto From Some Taxes to Promote Growth
New Zealand’s tax authority has issued new proposals on the Goods and Services tax (GST)-related policy in regard to cryptocurrencies and is seeking public feedback on the issue. Specifically, the regulator proposes to exempt cryptocurrencies from both the GST rules and the financial arrangements rules, while crypto-related services such as exchange services and mining will continue to be subject to the existing GST and income tax rules. Also Users of certain crypto will have to pay income tax on unrealized gains and losses. Read Full on Cointelegraph.

2. ConsenSys Spins Off Health Division to Tackle US Healthcare Issues
ConsenSys, the Ethereum-focused company founded by Joseph Lubin, announced that it will spin off its health division. The new ConsenSys Health company will develop blockchain use cases to tackle issues in the U.S. healthcare industry. According to ConsenSys, blockchain can improve on this by addressing the rising costs of research and administration. Making data sharing safer and faster, expanding access to care and engaging patients directly are some of the initiatives where blockchain can help. Read Full on Cointelegraph.

3. Anthony Pompliano: Bitcoin Could Become Next Global Reserve Currency
Morgan Creek Digital Co- founder Anthony Pompliano has predicted that due to Bitcoin's monetary policy, it could become the next global reserve currency. As Sweden's Riksbank has started testing e-krona. Pompliano believes that more central banks will follow. However, he told, it doesn't mean that their digital currencies are going to replace Bitcoin. He believe that the Bitcoin monetary policy is superior to central banks' monetary policy and ultimately, Bitcoin will be the winner, and will be the next global reserve currency at some point in the future. Read Full on twitter.

4. WikiLeaks Bitcoin Address Sees Crazy Number of Donations
WikiLeaks has accepted more than 4,043 bitcoin in donations on its old address, worth an eye-watering $39 million. Just about a week ago, WikiLeaks changed its chief Bitcoin address, already accruing significant donations. WikiLeaks now holds about 6.12 BTC in its new wallet. A message signed with the old private key pointed to the new donation address. Just to remember, BTC donations may not be entirely anonymous, and there may be attempts to trace some of the assets. Read Full on Bitcoinist.com.

5. Warren Buffet is “Threatened” by The Rise of Decentralized Economy: Tim Draper
Disagreeing with Warren Buffet's latest anti-bitcoin tirade claimed cryptocurrencies weren’t a productive investment, Tim Draper retaliated: “Of course he’s not going to like it. He sees a huge threat to his holdings.” Explaining that Buffet has 50% of his portfolio built around investments such as banks and insurance companies, and this will change dramatically for the worse with the rise of a decentralized economy. Read Full on The Daily Chain.

6. Twitter CEO Jack Dorsey Promoting ‘Bitcoin and Black America’
Twitter CEO Jack Dorsey is promoting Off the Chain podcast featuring Isaiah Jackson, the author of “Bitcoin and Black America." Jackson’s book “explores the synergy between black economics, Bitcoin and blockchain.” Jackson explains why he thinks the black community missed the internet and in order for the black community to become competitive from an economic standpoint, buying Bitcoin is not enough. The key is to become builders of products that consumers will use in the future. Read Full on Twitter.

7. Lebanese Turning to Bitcoin Amidst Severe Financial Crisis
As the current financial crisis rocking Lebanon continues to intensify, Lebanese citizens are increasingly looking to bitcoin to escape the country’s crippling economic situation. Lebanon joins the list of countries whose citizens have turned to the top cryptocurrency to counter the financial crisis. The report states that a group of bitcoin traders reported a significant increase in trading volume following the emergence of capital controls in November 2019, with the traders recording a monthly volume of $1 million. Read Full on aljazeera.

8. Ripple Extends its Services in South Korea
Ripple is extending its blockchain-based payments network sevices via RippleNet in South korea with money transfer firms Sentbe, Hanpass and WireBarley. These firms aim to facilitate faster and cheaper cross-border payments via RippleNet. Sentbe focuses on the South-and Northeast Asia corridor, including the Philippines, Indonesia, Vietnam, Japan and China; Hanpass focuses on South Korea; and WireBarley provides services in the Australian corridor, as well as New Zealand, Hong Kong, Japan and South Korea. Read Full on ripple.

Tuesday, February 25, 2020

One Stop Cryptocurrency News Cast For Today ?

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๐Ÿ“ฎ25-02-2020

๐Ÿ“ˆMarketCap:                  $280 B
๐Ÿ“Š24h Mcap %:                 -3.89%
⚠️Bitcoin Dom:                 62.6%

๐Ÿ“ŒActive Coins:                2,408
๐Ÿ“24h Vol %:                   6.52%
๐Ÿ’ฒ24h Vol:                    $118 B

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1. Joff Paradise Cryptocurrency Guide Helping You Learn Crypto & Blockchain
Keeping pace with developments in bitcoin, blockchain, and the ever-evolving cryptocurrency ecosystem feels like a full-time job, and that’s just for experienced heads. For novices, it’s tough enough working out where to even start. Joff Paradise, Well known entreprenuer & Cryptocurrency educator is been doing great work by becoming source of crypto education through his educational website specifically designed to educate those seeking to increase their knowledge of emerging cryptocurrency technologies. Checkout it out !! Read Full on Cryptocurrency Guide.

2. Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA
Many cryptocurrencies are struggling to break above their overhead resistances, which could result in a minor correction or consolidation in the next few days. Bitcoin (BTC) is currently trading inside the descending channel. If the bears sink the price below $9,600, a drop to the support line of the channel, which is close to the 50-day SMA at $9,176, is possible. Ether (ETH) has been largely stuck between $235.70 and $288.599. Read Full on Cointelegraph.

3. Pharma Giants Including Pfizer, GlaxoSmithKline to Utilize Blockchain
Roughly two dozen pharmaceutical companies, including Pfizer, GlaxoSmithKline, Eli Lilly, Sanofi and Roche, have come together to develop a blockchain-based system that secures the supply chain of prescription drugs and tracks counterfeit medicines. The project is currently testing MediLedger, a blockchain-based network that validates drugs and allows users to trace the authenticity of raw materials. The companies are planning to expand the platform this year and are targeting the entire pharmaceutical industry, valued at $1 trillion. Read Full on reuters.

4. Bank of England Executive Supports Calls for CBDC Issuance
Sarah John, chief cashier of the Bank of England (BoE) says governments should seriously consider creating central bank digital currencies (CBDC) as a countermeasure to private crypto projects. She told, "We need to think as an institution about how to position ourselves to make sure society still has a broad range of payments that it can use with confidence." For John, central banks remain the best suited to be issuers of any form of currency given their experience and ability to maintain regulatory control of the financial market. Read Full on BTCMANAGER.

5. Tyler Winklevoss Bought Space Travel Ticket via Bitcoin in 2014
Tyler Winklevoss, a billionaire, Bitcoin (BTC) investor and co-founder of cryptocurrency exchange Gemini, bought the world’s most expensive ticket to space. The purchase was made back in January, 2014, according to a report. At the time, Winklevoss acquired a ticket to Virgin Galactic’s passenger carrying spaceship, for 312.5 BTC, which was worth $250,000 at the time. Winklevoss’s initial investment of 312.5 BTC in the ticket is currently valued at over $3 million, marking an increase of 1,174%. Read Full on Cointelegraph.

6. Tim Draper Still Stands with His $250,000 Bitcoin Price Prediction
Billionaire Tim Draper has once again opined that the BTC price could reach $250,000 in 2022 or at the beginning of 2023. He predicts that the orange coin could become "the currency of choice" by that time. He said, it's still hard to move around Bitcoin today, which is why it struggles with adoption. However, once it becomes scalable enough, there will be a clear choice between paying credit card fees or using a "frictionless, open, transparent, global alternative, which is not tied to any political force. Read Full on U.Today.

7. Caitlin Long Starts the First Crypto Bank in the U.S.
Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto bank in the U.S. named Avanti. The Wyoming-based bank is a collaboration with Blockstream, a global leader in Bitcoin and blockchain technology. Long says Blockstream is the ideal partner for serving big institutional investors that require regulated banks to deliver them services around Bitcoin in USD markets. Read Full on Cointelegraph.

8. Over $4 trillion crypto transaction has been facilated in the past decade
More than 3.1 billion transactions were broadcast across two dozen cryptocurrency networks during the past ten years. The research, conducted by San Francisco-based Blocknative, shows that the twenty-four blockchains together have facilitated over $4.6 trillion in aggregate transfer value from 2009 to 2019, 96% of which occurred between 2017 to 2019. There were 259.2 million BTC transactions in 2019 and 242.8 transactions on Ethereum during the same year. Read Full on The Block.

9. Seoul launches blockchain voting system March 1
Seoul’s government plans to launch its highly anticipated “blockchain petition system”on March 1. The system will allow citizens to propose suggestions to the government about potential changes to existing policies. Blockchain technology will mainly be used to verify the identity of every person on the network, to prevent duplicate votes. Seoul’s new initiative, called Democracy Seoul, is in line with the central government’s vision of establishing a more open platform for discussions between the government and the general public. Read Full on Decrypt.

10. Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System
The National Bank of Ukraine told that central bank digital currency (CBDC) has the potential to strengthen public confidence in the central bank and its financial services. NBU presented the results of testing its CBDC project, the e-hryvnia, noting that the bank is continuing to look into issuing its own CBDC. The central bank listed major advantages like reliability, convenience as well as the opportunity to tackle the “shadow economy. Bank also mentioned that CBDC as the possible threat to the traditional banking system. Read Full on Cointelegraph.

Monday, February 24, 2020

One Stop Cryptocurrency News Cast For Today ?

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๐Ÿ“ฎ24-02-2020

๐Ÿ“ˆMarketCap:                  $291 B
๐Ÿ“Š24h Mcap %:                  2.34%
⚠️Bitcoin Dom:                 62.1%

๐Ÿ“ŒActive Coins:                2,414
๐Ÿ“24h Vol %:                  17.18%
๐Ÿ’ฒ24h Vol:                    $111 B

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1. JP Morgan Report: Crypto Market is Showing Signs of Maturity
Report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, the groundwork for mainstream adoption of blockchain, fast payments and digital currencies is already in place. However the adoption of blockchain in banking is three to five years away. The report also notes that the crypto market is showing signs of maturity such as increasing institutional participation and the introduction of new contracts on regulated exchanges. Read Full on Cointelegraph.

2. Top 5 Cryptos This Week (Feb 23): XTZ, HEDG, ATOM, MKR, LTC
The top performers of this week are a mixed bag as many altcoins are overbought but traders will be keeping an eye out for those that appear to be picking up momentum. Tezos (XTZ) has consistently been present among the top five performers for the past few weeks, which shows that the bulls continue to buy it at higher levels. Hedge Trade (HEDG) is the second-best performer of this week with a rally of over 9%. Other top performers are ATOM, MKR, and LTC as well. Read Full on Cointelegraph.

3. Spain's Catalonia State Leverages Blockchain for Digital Independence
Spain’s Catalonia state, is warming up to blockchain technology to amp up its efforts for political freedom from Spain. According to Jordi Puignero, Minister of Digital Insurance Policies and Public Administration, Catalonia, Blockchain can be leveraged to achieve state’s digital independence. Puignero added that through blockchain technology, Catalonia can have its own self-sovereign and digital identification repository which will end the monopoly exercised by the Central Spanish Government over citizen’s data. Read Full on BTCMANAGER.

4. Juventus Set to Launch Ethereum-based Digital Trading Cards
Italy’s biggest football club Juventus has signed a partnership deal with blockchain-based digital trading card platform Sorare. The deal is geared towards offering fans rare digital trading cards of world-famous players such as Cristiano Ronaldo, powered by Ethereum’s ERC-721 standard. Cards featuring world football superstar Cristiano Ronaldo launched on Thursday (February 20, 2020). The firm has not disclosed the launch date for cards featuring other Juventus players. Read Full on BTCMANAGER.

5. Crypto ATM Queries Doubled on Google Since Last Year
ATMs supporting digital coins have increased parallel to the predominant trend on cryptocurrency markets since the beginning of 2020. With over 400 new devices added in January, the global total is now closing on the 7,000 mark. The sector has seen exponential growth in the past three years. The Google Trends statistics also reveal that the queries about this type of teller machine have doubled since last year. Read Full on CryptomaticATM.

6. Report: Twitter Anticipates Bitcoin Price Move
Several relationships have been established between external factors and Bitcoin price evolution. Looking at the daily number of tweets mentioning Bitcoin since 2017, there is a clear spike during the 2017 bull-run. On Dec. 7, 2017, there was a record-high of 155,600 tweets mentioning Bitcoin. As expected, throughout 2017 the correlation between price and the number of tweets is the highest across the years at 0.86. Where correlation of 1 means that Bitcoin and the number of tweets are fully positively correlated. Read Full on Cointelegraph.

7. New Jersey Introduces Bill to Regulate Cryptocurrencies at State Level
A New Jersey lawmaker files a bill for new regulations in the virtual currency industry. The legislation would establish new requirements for virtual currency businesses and create consumer-friendly protections by requiring crypto firms to disclose their legally registered names, Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) policies, and their licensing and legal history to the State of New Jersey’s Department of Banking and Insurance. Read Full on Cointelegraph.

8. Justin Sun: Warren Buffet Is Now a Bitcoin Holder
In a new interview on CNN, Justin Sun sat down with CNN anchor Julia Chatterley and spoke about his diversified portfolio and his Most Hyped Lunch with Legendary investor Warren Buffet he had in early Februrary. He told that he is a long-term believer in crypto and owns different cryptocurrencies in his portfolio which consists the XRP and the Ethereum too. He told that Buffett accepted his crypto gift of BTC and TRX, although he did not give him ETH. He added “Basically, Warren Buffett is a Bitcoin holder now.” Read Full on twitter.

9. Binance Now Supports Deposits and Withdrawals in Hong-Kong Dollars
Cryptocurrency exchange Binance has opened a fiat gateway for Hong Kong dollars. Binance said on Monday that users can deposit and withdraw Hong Kong dollars from today for trading against supported cryptocurrencies thanks to its partnership with Epay. Binance already supports euros and pounds sterling through Epay. The latest addition is something of a coup for the exchange, as banks in the jurisdiction are notoriously averse to offering accounts to cryptocurrency companies. Read Full on CoinDesk.

Sunday, February 23, 2020

One Stop Cryptocurrency News Cast For Today ?

Images Source | Pixabay.Com

๐Ÿ“ฎ23-02-2020

๐Ÿ“ˆMarketCap:                  $284 B
๐Ÿ“Š24h Mcap %:                  0.49%
⚠️Bitcoin Dom:                 62.4%

๐Ÿ“ŒActive Coins:                2,383
๐Ÿ“24h Vol %:                  -8.08%
๐Ÿ’ฒ24h Vol:                     $95 B

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1. Crypto Wallets Has Seen a 300% Increase in Last Three Years
As of Q3 of 2019, more than 40 million cryptocurrency wallets have been opened, representing a threefold increase in just three years. In Q3 of 2016, there were less than 10 million registered cryptocurrency wallets. However, as of Q3 of 2019, that figure had exploded to over 40 million. However, it is presumed that not every person using crypto is tied to only one wallet. Also one more thing to notice is, within all these data points there is a common trend— growth. Read Full on BeInCrypto.

2. Crypto-Backed Virtual World Decentraland Goes Live
Decentralaland, which raised more than $20 million during its initial coin offering (ICO) held in 2017, has officially launched its virtual reality world living on the Ethereum blockchain. Members of the Decentraland ecosystem who currently hold its native altcoin, MANA. are now scampering to trade goods and services in the Decenraland ecosystem, with about $1 million worth of virtual land already sold in the last 10 days, making Decentraland’s virtual properties the hottest assets on the Ethereum blockchain at the moment. Read Full on cointelegraph.

3. Japan's Financial Regulators To Discuss Crypto Asset Creation
Japan’s Central Bank and Finance Ministry have set out to discuss the issues pertaining to creation of crypto asset. Japan, which is one of the most favorable markets for public digital assets, may also get a boost from a favorable stance to issuing a blockchain-based crypto yen. As per report, in the past month, the Ministry of Finance, the Bank of Japan, and the Financial Services Agency (FSA) met to discuss the potential of Japanese Central Bank Digital Currency and the the effect of CBDCs on the currently highly dollarized global economy. Read Full on Bitcoinist.com.

4. Dan Pena Reveals Russian President Putin is Behind Bitcoin Creation
American businessman Daniel Steven Peรฑa also known as Dan Pena claims to know who he is the person behind bitcoin. He believes bitcoin is a Russian conspiracy designed to overtake the world financially, and the man behind leading cryptocurrency is non-other than Russian President Vladimir Putin. He also claimed that BTC would inevitably go down to zero. However, the American businessman did not have any proof to back up his outrageous claims. Read Full on Coinnounce.

5. Bitcoin Inflation Rate Will Be Lower Than Most Central Banks
Bitcoin (BTC) has often been discussed as a tool to combat inflation. This is because there is a fixed supply of BTC which can’t ever be exceeded. Bitcoin’s max supply is estimated to be hit around 2140. As of now, bitcoin’s inflation rate is about 3.6%. However, after halving, this rate will be cut in half with major consequences and bitcoin inflation rate will drop to 1.8% which is by comparison lower than most central banks which have an inflation target of 2%. Read Full on twitter.

6. The Simpsons Just Ran a Crypto Segment
Cryptocurrency got their own segment, albeit brief, on The Simpsons. To create hype for the episode (S31, E13) of The Simpsons being released on Sunday night, the show released a short segment of the upcoming episode where a Simpsonified Jim Parsons is explaining crypto currency. During the segment, Parsons briefly explained how blockchain is essential to the function of Crypto, then explained how the chain works, including its distributions and how blocks are added to the chain and also presented crypto as the cash of the future. Read Full on youtube.

7. Charles Hoskinson: Next Two Months Will Be ‘Wild’ for Cardano
Cardano Founder Charles Hoskinson, told the Cardano community to brace themselves for something big that is coming in the next few months. In his tweet, Hoskinson recounted how he met with his product managers to discuss Cardano’s progress so far, new ideas and also what is soon to happen in the market. Following these discussions, Hoskinson opined that there are so many developments happening behind the scenes in the Cardano ecosystem and the next two months are going to be wild. Read Full on twitter.

8. Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar
Christopher Giancarlo, Former Chairman of Commodity Futures Trading Commission (CFTC) says it’s time for Federal government to create digital Dollar that is equivalent to the digital gold Bitcoin in order to compete with China’s central bank digital currency (CBDC). Giancarlo highlighted that online shopping would benefit from the U.S. offering a digital payment option as there won’t be any intermediary fees involved like with the traditional debit and credit cards. Read Full on Cointelegraph.

Saturday, February 22, 2020

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๐Ÿ“ฎ22-02-2020

๐Ÿ“ˆMarketCap:                  $283 B
๐Ÿ“Š24h Mcap %:                  0.14%
⚠️Bitcoin Dom:                 62.3%

๐Ÿ“ŒActive Coins:                2,434
๐Ÿ“24h Vol %:                 -16.14%
๐Ÿ’ฒ24h Vol:                    $103 B

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1. Swiss central bank wants a true digital currency
Switzerland’s central bank is working with Swiss stock exchange operator SIX group to work on a digital currency proof of concept. While they are working together on a prototype, Thomas Moser, alternate member of the governing board at the Swiss National Bank (SNB) explains that, if the Swiss central bank doesn’t release its own coin by the end of 2020, SIX will launch its own Swiss franc stablecoin. Moser wants the central bank to launch and issue its own digital currency rather than relying on a third party stablecoin. Read Full on Decrypt

2. 'Bullish' Comments on Reddit a Potential Bitcoin Signal
The data visualization company graphed comment data over the past several weeks for the term “bullish” from several popular cryptocurrency Reddit channels (“subreddits”), each with varying degrees of moderation. Sure enough, positive comments seem to track nicely with bitcoin prices in the early weeks of 2020 — but up to a point. After a sudden surge for the term “bullish” on the seventh week of the year, bitcoin prices declined. Read Full on CoinDesk

3. Coinbase CEO: One Billion People Will Engage in Blockchain Economy Within a Decade
Brian Armstrong, co-founder of crypto exchange Coinbase, says humanity is destined for a “more global, more fair and more efficient” financial system, and the 50 million people currently engaging with blockchain-based assets will rise to 1 billion over the next decade. He says there are potential solutions that can address the shortcomings of Bitcoin as a means of exchange for the global economy. These include utilizing the BTC primarily as a store of value while creating new digital currencies for speedy transactions. Read Full on The Daily Hodl

4. JPEG on the Blockchain Can Fight Copyright Theft
 The organization that created the popular JPEG picture format believes blockchain could be used to verify images as well as flag fakes and image theft. The Joint Photographic Experts Group (JPEG) said blockchain has "great potential" as the basis of a system that would use a combination of encryption, hash signatures and watermarking in an image's metadata to protect copyright. But JPEG's blockchain plan is still in its infancy. The group said it would continue consulting with industry figures before moving any further forward. Read Full on CoinDesk

5. Vodafone Promoting Bitcoin in The Recent Ad on Facebook
Vodafone, the UK-based cellular provider, recently showcased Bitcoin in their latest German advert which debuted on the company’s Facebook page on Feb. 17th and the meaning they described of this ad on Twitter is: "What will Grandma give you if everyone pays with Bitcoin in the future?" Some see the debut of a Bitcoin-centric Vodafone ad on the company’s Facebook profile as a veiled insult aimed at Facebook. Read Full on Facebook Watch

6. Bitcoin Addresses With Non-Zero Balances Hit All-Time High
The number of new Bitcoin addresses with a non-zero balance is at an all time high. Data shows the total number of Bitcoin addresses is 615,463,205 addresses, as of February 20th. There are 28,728,292 addresses that currently have a balance above zero. Of these 28 million addresses, only 788,101 are addresses having a balance of at least 1 Bitcoin. Chart also shows that Bitcoin’s price is directly correlated with both the creation of new addresses and new addresses that are already actively hodling. Read Full on Bitcoinist.com

7. Bakkt Bitcoin Futures contracts average 1500% higher than 2019
Despite the drastic shift in the spot market price, BTC’s volume has reportedly been rising and reached a peak for the year 2020, with the daily volume approaching $1 billion. Bakkt had also been noting a higher contract expiration in February, when compared to its 2019 average. Data suggested that 203 Bakkt Bitcoin Futures contracts were to be delivered on 20 February, representing just below $2 million in notional value. Even though the delivery was lower than in January, it was still ahead of 2019 numbers which was on average 13.3 BTC. Read Full on AMBCrypto

8. EOS Developing New Network Resource "DISK"
EOS may soon offer a solution for on-chain data storage. There’s evidence of a new network resource, called “DISK,” which could give developers a better way to store some types of smart contract and DApp data.According to the project’s GitHub pages, EOSIO software will include a database called “eosio.kvdisk.” This database has a higher capacity and higher CPU consumption than its RAM-based counterpart, potentially reducing costs for app developers. Read Full on Crypto Briefing

9. Bitcoin Price Bullrun May Last 1000 Days as 2020 Now Best Average Year
Bitcoin (BTC) is worth more in 2020 than any other year it has existed — and historical data suggests that its price will continue climbing for another 19 months. In terms of volume-weighted average price, 2020 is Bitcoin’s best year ever. “It strongly suggests that most of the money that moved into bitcoin in previous years would have profited in USD if they held bitcoin to present date," fund partner James Todaro commented on the findings. Read Full on Cointelegraph


Friday, February 21, 2020

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๐Ÿ“ฎ21-02-2020

๐Ÿ“ˆMarketCap:                  $283 B
๐Ÿ“Š24h Mcap %:                  0.41%
⚠️Bitcoin Dom:                 62.4%

๐Ÿ“ŒActive Coins:                2,433
๐Ÿ“24h Vol %:                   3.41%
๐Ÿ’ฒ24h Vol:                    $123 B

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1. Binance CEO Changpeng Zhao Says Bitcoin Halving Not Priced In Yet
Changpeng Zhao, suggested that Bitcoin’s (BTC) price has not yet adapted to the upcoming block reward halving. Zhao suggested that Bitcoin’s price will see more upwards movement in the future. He noted that after halving miners will have to spend almost two times as much to mine a single coin and expects that miners will not be willing to sell below the price of production. He further noted that the effects of lower coin production will be augmented by an increasing number of users in the space. Read Full on Cointelegraph

2. Fidelity is Hiring Bitcoin Engineer to Scale Its Mining Operation
Fidelity Center for Applied Technology (FCAT), the innovation arm of the $7.8 trillion financial services giant Fidelity, is looking for a Bitcoin engineer amid plans to scale the company’s cryptocurrency mining operations. The successful candidate will design, build and maintain the infrastructure that will run and scale Fidelity’s Bitcoin mining operation. Fidelity first started mining Bitcoin in 2014 with the purpose of studying the cryptocurrency market.
3. Oil Prices Are Now More Volatile Than Bitcoin
For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset. The West Texas Intermediate (WTI) oil price's one-month realized, or historical, volatility stood at 105.3%, after having hit a four-month high of 119.6% at the end of January. Meanwhile, bitcoin's historical volatility recently dropped to 42.3 percent, the lowest level since September, according to Skew Markets. Read Full on CoinDesk

4. Tron takeover promises new life for Steemit
Tron founder Justin Sun has taken a majority stake in Steemit, the blockchain-based social media platform where users can get paid for creating content. “From launching the platform in 2016 on a shoestring budget with an idealistic team to today, I’ve enjoyed the development of the platform and the growth of its user base," said founder Ned Scott in a statement. "Now I’m excited to see a strategic partner attempt to bring it to new heights.” Read Full on bravenewcoin

5. Sweden Is Testing Its New Central Bank Digital Currency
Sweden’s central bank has begun testing an e-krona, bringing it that much closer to the proper release of a central bank digital currency (CBDC). The Riksbank is conducting a pilot project with Accenture, project will be in operation for one year, until February 2021. The idea is that this blockchain-powered currency would drive conventional payments and banking activities throughout the country. Instead of swiping a credit card or spending fiat currency, everyday transacting can move to the blockchain. Read Full on Cointelegraph

6. Ripple Makes It to Top 100 Cross-Border Payment Companies
San Francisco-based blockchain company Ripple has been recognized as one of the most prominent players in the cross-border payments industry. Ripple has became one of the top 100 cross-border payhments companies in 2020 as reported by financial data company FXCintelligence. Ripple is the only crypto-related company that made it to the top 100. The list was divided into several sections that feature the world's biggest banks as well as large publicly traded companies such as Visa and PayPal. Read Full on U.Today

7. Cardano (ADA) Hard Fork Successfully Launched
IOHK CEO Charles Hoskinson has announced the successful launch of the Ouroboros BFT hard fork, which bridges Byron with the forthcoming Shelley era. The upgrade of Cardano's proof-of-stake (PoS) protocol took place on Feb. 20. The OBFT fork was deployed on the federated Byron mainnet. It is worth noting that this hard fork is only one of the network upgrades that are going to happen before the advent of the Shelley era. The Shelley mainnet is expected to turn Cardano into the most decentralized blockchain project. Read Full on twitter

8. Ripple Plans to Build Crypto Bridge Between XRP and Ethereum (ETH)
Ripple's investment and development arm, Xpring wants to build financial bridge between XRP and Ethereum. They have launched a series of challenges at ETH Denver to pay coders who can connect the two cryptocurrencies on the Interledger Protocol (ILP), to exchange currencies, including both fiat and crypto assets. They believe the XRP to ETH bridge is important since XRP is one of the most liquid crypto, but doesn’t have a compute layer to support complex smart contracts for the growing Decentralized Finance (DeFi) market on Ethereum. Read Full on The Daily Hodl

9. Tuur Demeester to Lockup 33% of Portfolio in Bitcoin
Tuur Demeester, founder of the Adamant Capital Bitcoin (BTC) Alpha fund, was among the first to add Bitcoin (BTC) as part of a currency portfolio in January, 2012. It looks as though eight years later, his confidence in the crypto king has only strengthened. In a recent tweet he has asked his followers about their views on the Permanent Portfolio 2.0, a Portfolio which has 33% of the investment in bitcoin, which you can lock in until 2040 without rebalancing, and it should roughly retain its purchasing power. Read Full on twitter.

Thursday, February 20, 2020

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๐Ÿ“ฎ20-02-2020

๐Ÿ“ˆMarketCap:                  $282 B
๐Ÿ“Š24h Mcap %:                 -5.37%
⚠️Bitcoin Dom:                 62.2%

๐Ÿ“ŒActive Coins:                2,468
๐Ÿ“24h Vol %:                  -9.93%
๐Ÿ’ฒ24h Vol:                    $119 B

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1. Price Analysis Feb 19: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK
Numerous cryptocurrencies are attempting to resume their uptrend, which shows that the sentiment amongst traders remains bullish. The price of Bitcoin is back above $10,000 and the bulls are likely to attempt a breakout of the overhead resistance at $10,360.89. Ether (ETH) rebounded sharply from the critical support at $235.70, which shows that bulls bought the dips aggressively. XRP has bounced off the support at $0.26362 but it is struggling to pick up momentum. Read Full on Cointelegraph

2. World's 10th Largest Crypto Tezos Rises 1,000% in One Year
In the last year, most cryptocurrencies have witnessed a strong recovery, with gains of well over 100% seen by most cryptocurrencies during this time. However, Tezos (XTZ) is the only large-cap cryptocurrency to achieve more than 1,000% growth during this time. This growth saw Tezos leap its way up the cryptocurrency rankings, climbing from 22nd place in December 2018 up to 10th place as of today. Its market capitalization has now swelled to more than $2.5 billion. Read Full on Decrypt

3. Cardano to Release New Ouroborous BFT Protocol
 Cardano (ADA) team is ready to update its main algorithm, Ouroboros Classic, to Ouroboros Byzantine Fault Tolerance (OBFT) which will be released on February 20, 2020. This protocol update, or hard fork, acts as a bridge between Ouroboros Classic, which is currently being used on the Byron mainnet, to Ouroboros Genesis, which is what will power the Shelley era. According to the official statement, the system performance (transactions per second, TPS) will be improved as well as blockchain adaptability and portability. Read Full on U.Today

4. Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator
Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana. The parties hope the accelerator will become a “torch-bearer” for future accelerators nationwide. The new “T-Block Accelerator” is aimed at fostering blockchain startups that have identified a strong real-world use case for the technology, and to boost industry growth overall. Registration for the accelerator has been open since early February. Read Full on Cointelegraph

5. Coinbase Becomes Direct Visa Card Issuer With Principal Membership
Coinbase has now become the first crypto company to be approved as a Visa principal member. This will allow it to issue debit cards without relying on third parties. Coinbase Card currently supports 10 cryptocurrencies including bitcoin (BTC), ether (ETH), XRP and DAI, and is available in 29 markets. Through the direct integration with Visa, Coinbase promises that it will be able to provide support to more markets. Coinbase claims this is another significant milestone in the mainstream adoption of crypto as a genuine utility. Read Full on cointelegraph

6. New Bitcoin Mining Firm Opened By Peter Thiel-Backed Layer1
One of the biggest names in tech investing: Peter Thiel, the PayPal cofounder and early Facebook investor’s Bitcoin mining firm starts mining operations in West Texas on Wednesday kicking off the $50 million facility on a startup he helped fund, called Layer1. Electricity is one of the biggest costs in Bitcoin mining, and according to Layer1 CEO Alexander Liegl, “the cheapest electricity in the world, at scale, is in West Texas right now.” Read Full on fortune

7. Attorney General: Israeli Banks Should Not Deny Services to Crypto Firms
Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel's attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other illicit financial practices, Mandelblit told the Tel Aviv District Court. Mandelblit’s stance is in opposition to the view of the country’s central bank, the Bank of Israel. During 2019 number of Israeli banks froze the accounts of customers receiving transfers derived from crypto. Read Full on Cointelegraph

8. CME Bitcoin Futures Top $1 Billion for the Third Time Ever
The demand in the Bitcoin futures market has been exploding as of late — led by optimism about the leading cryptocurrency’s prospects for 2020. With the halving event scheduled for May, interest is growing and it’s reflected in the futures market. Bitcoin futures markets have been exceptionally active lately. Yesterday, the daily volume for the CME Bitcoin futures market topped $1 billion for the third time ever. In fact, the last time CME posted over $1B in trading volume for Bitcoin futures was in May 2019. Read Full on BeInCrypto

9. Norwegian Air May Allow Customers to Pay With Crypto
Travelers on Norwegian Air, one of the largest airlines in Europe, will soon be able to pay for flights using cryptocurrency. CEO of Norwegian Block Exchange (NBX) Stig Kjos-Mathisen said his crypto trading platform had successfully developed payment infrastructure that will allow customers on Norwegian Air to purchase tickets with digital assets. NBX aims to roll out the new feature to Norwegian customers sometime later this year, and possibly as early as the spring. Read Full on CoinDesk

10. Coronavirus outbreak could accelerate China's digital currency issuance
Efforts to combat the coronavirus could accelerate the Chinese central bank's plans to issue a digital currency, according to a former president of the People's Bank of China. Lihui Li argued that a digital currency's efficiency, cost-effectiveness, and convenience make it especially desirable during an epidemic. However, Li also noted that the adoption of any central bank-backed digital currency still partially depends on demand from the retail market in China, which is currently dominated by Alipay and WeChat Pay. Read Full on The Block.

Wednesday, February 19, 2020

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๐Ÿ“ฎ19-02-2020

๐Ÿ“ˆMarketCap:                  $298 B
๐Ÿ“Š24h Mcap %:                  3.52%
⚠️Bitcoin Dom:                 62.0%

๐Ÿ“ŒActive Coins:                2,462
๐Ÿ“24h Vol %:                  -4.87%
๐Ÿ’ฒ24h Vol:                    $132 B

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1. Sixth Largest Bitcoin Address Untouched For Over Nine Years
The 6th largest Bitcoin address containing nearly 80,000 BTC—supposedly originating from the first Mt. Gox hack—has remained untouched for over nine years. The funds are deemed "high risk," according to experts, making them difficult to cash out. There are two possibilities: Either the hacker has lost the private keys or simply can't move the funds without being tracked down and with eyes fixed on the address, cashing out is a reasonably risky move—but not an impossible one. Read Full on Decrypt

2. Report: Bank of Korea Seeks to Deploy Blockchain in Bond Market
Following the World Bank’s exemplary experience of blockchain bond transactions, South Korea’s central bank is working on its own blockchain-based bonds. The Bank of Korea has been seeking a blockchain services provider in order to build a blockchain bond system that would allow distribution of the bond records among all participants. The project would involve separate nodes operated by South Korea's regulatory authority, the Korea Fair Trade Commission, the Bank of Korea and other financial institutions, the report notes. Read Full on Cointelegraph

3. The IRS Is Inviting Crypto Firms to a 'Summit' in DC Next Month
The Internal Revenue Service has invited a number of undisclosed crypto startups to a summit on March 3 to discuss its existing approach to taxing cryptocurrencies as well as enforcement efforts. An IRS spokesperson confirmed the summit is set for next month. The summit, to be held at IRS's Washington, D.C. headquarters, will consist of four panels addressing technology, issues faced by exchanges, tax returns and regulatory compliance. A list of panelists has yet to be finalized. Read Full on CoinDesk

4. Head of Crypto at Visa Sees Bitcoin Sats as Global Unit of Account
Cuy Sheffield, Head of Crypto at credit card giant Visa, envisions Bitcoin Sats as the internet native unit of account for purchases less than one cent. He sees this as the main use case where the leading asset can supersede fiat. As Sheffield points out, there is nothing you can buy online for less than a penny, using dollars, but you can make micropayments in sats through lightning network as it is the most viable second layer Bitcoin scaling solution currently available. Read Full on Bitcoinist.com

5. Binance Futures Weekly Volume Records $16B
Binance Futures has doubled its weekly trading volumes since the start of the year. The platform was launched six months ago and has managed to increase its weekly volumes from under $50 million to over $16 billion as of February 10. With the exposure to 20 perpetual futures markets and 100 spot markets, Binance claims that the reasons why traders prefer its futures trading platform is that they can get access to the entire ecosystem without the need to spend on fees when moving funds between spot and futures accounts. Read Full on binance

6. Crypto Hedge Funds See Best January on Record
Crypto hedge funds that make up Eurekahedge's index of crypto hedge funds have experienced a 21.15% return in January 2020. This is not only the best January on record but the first positive return for the month of January since 2017, when it posted a modest 4.85%. 2017 happened to be the most successful year for crypto hedge funds to date. That year, they posted a whopping 1,708.50% annual return. Such positive returns last month is a sign of the maturation of the crypto ecosystem as a whole. Read Full on Cointelegraph

7. Lolli CEO Alex Adelman Says Bitcoin Halving Is Not Priced In
Lolli CEO Alex Adelman suggests that it could be the last Bitcoin (BTC) halving that is not priced in given that very few people understand the leading cryptocurrency. On top of that, major institutions are still in a wait-and-see mode. Hence, BTC is yet to see the full effect of institutional follow-through. With that being said, the big difference between this halving and the two previous ones is that masses are already aware of BTC after its headline-grabbing bull run in 2017. Read Full on U.Today

8. Paxful reports $1.6B worth of trading volume for 2019
Peer-to-peer (P2P) bitcoin trading platform Paxful has reported $1.6 billion worth of global trading volume for 2019, driven by growth in Africa. Paxful's African volumes increased by over 57% in 2019, while overall it has seen a "steady" growth of over 25% year-on-year since its inception in 2015. The platform currently boasts of servicing over 3 million wallets, 45% of which are from Africa. Paxful hopes to further increase its volumes from the continent. Nigeria, Ghana, South Africa and Kenya are among its leading markets, said Paxful. Read Full on The Block

9. Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer
An alleged drug dealer lost over $56 million in Bitcoin after the Irish High Court ruled that they were criminal proceeds and should be confiscated. Collins is believed to have invested in Bitcoin at an early stage and received great returns on his investment. The CAB imposed a freeze on his cryptocurrency in an attempt to ensure that it could not be moved without the court’s approval. The court presumably implying that the initial investment was money obtained through drug sales. Read Full on Cointelegraph.

Tuesday, February 18, 2020

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Image Source | Pixabay.com

๐Ÿ“ฎ18-02-2020

๐Ÿ“ˆMarketCap:                  $288 B
๐Ÿ“Š24h Mcap %:                  0.45%
⚠️Bitcoin Dom:                 61.7%

๐Ÿ“ŒActive Coins:                2,472
๐Ÿ“24h Vol %:                   4.28%
๐Ÿ’ฒ24h Vol:                    $138 B

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1. One Million UEFA Tickets to Be Distributed Via Blockchain in 2020
Soccer fans in Europe will join the list of early blockchain adopters thanks to a new initiative by the Union of European Football Associations (UEFA). UEFA will distribute over one million soccer match tickets via a blockchain-enabled mobile application. The organization claims that this new ticketing system will make “entry into the stadium smooth, safe and secure.” UEFA also stated that digital ticketing will help curb paper consumption and be more convenient for soccer fans. Read Full on Cointelegraph

2. Bitcoin’s Energy Value Estimates $100K Price Target in 5 Years
A little known metric called energy value has been used to predict bitcoin prices over the next five years and the results are impressive. Digital asset manager Charles Edwards has been delving deeper into this metric, observing some major similarities with previous bitcoin market patterns estimates that it is likely that $BTC will 10X i.e. $100K within the next 5 years. The indicator has closely tracked bitcoin prices using two varying inputs: hash rate and mining hardware efficiency. Read Full on Bitcoinist.com

3. Zcash Improvement Proposal is Approved By The Community
The Electric Coin Company (ECC) and the Zcash Foundation (ZF) has agreed to approve Zcash Improvement Proposal (ZIP) 1014. The team has hinted that under ZIP 1014, after the halving, miners of Zcash will receive 80 percent of the issued tokens, 5 percent will go to the Zcash Foundation for core support functions, the Electric Coin Company will get 7 percent for core support functions, while the remaining eight percent will be set aside for major grants to third parties working to improve Zcash. Read Full on BTCMANAGER

4. Brad Garlinghouse Compares Ripple to Amazon
In an interview with CNN, Ripple CEO Brad Garlinghouse drew parallels between Ripple and e-commerce giant Amazon. When CNN's Julia Chatterley, suggested that Ripple could build a platform that would substitute XRP for a 'Fed Coin,' Garlinghouse agreed that it might be the case. He recalled that Amazon, was initially selling books and competing with Barnes & Noble. For Ripple, he told cross-border payments were the first verticle but he doesn't rule out that it may branch out into other industry niches. Read Full on twitter

5. Alex Jones Finally Becomes a Bitcoin Believer
American radio star, host of The Infowars, and far-right conspiracy theorist, Alex Jones, met with pro-bitcoin champion Max Keiser. He admits, “You’re right, I should have gotten involved in bitcoin a long time ago”. Jones says he likes how bitcoin “brings diversity to the marketplace”. He points to how BTC can never be shut down unlike money in an offshore bank account. He also says that “the market appears to be “stabilizing”. Read Full on Bitcoinist.com

6. Binance Cloud to Allow Users to Launch Crypto Exchange
Binance, the company behind the leading global cryptocurrency exchange and blockchain ecosystem, announced the launch of Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges. New service has been officially released on Feb. 17. Binance Cloud will serve as an all-in-one infrastructure platform for customers and partners to launch digital asset exchanges based on Binance’s industry-leading technology, security, liquidity as well as custodial services. Read Full on binance

7. Crypto Gaining Popularity Among Swiss Investors: Report
A new survey conducted by Migros Bank shows that Cryptocurrencies as an investment class is becoming more popular among Swiss savers. Young people in particular are increasingly venturing into bitcoin and other digital money. 13% of investors under 30 believe that Bitcoin and altcoins will play a more prominent role in their basket of savings. As of now, 7% of those aged 30 to 55 plan to continue to invest in crypto currencies in the future. Read Full on SWI swissinfo.ch

8. Enjin Launches Game Development Platform on Ethereum
Enjin has announced the launch of its game development platform on ethereum, enabling potentially millions of developers to integrate crypto assets into games and apps with no knowledge of writing blockchain code. The Enjin Platform allows game engineers to take advantage of decentralized inventory, to integrate blockchain-based gaming and non-gaming assets, and to manage economic game play mechanics. More than 2,500 projects making use of ERC-1155 have already been created on the testnet version of the Enjin Platform. Read Full on CoinDesk

9. Golden Cross Gives Little Hope To Bitcoin Holders
While bitcoin is struggling to gather upside traction, a long-term chart indicator has just made a bullish call. In what was possibly going to gift bitcoin prices a lift, the 50-day moving average (MA) has crossed above the 200-day MA, confirming a golden crossover – a long-term bull market indicator. The development has got the crypto-market community excited, as the same pattern saw bitcoin rally from $5,050 to $8,300 in the three weeks to May 16, 2019, following confirmation of the golden cross in late April. Read Full on CoinDesk

Monday, February 17, 2020

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Image Source | Pixabay.com

๐Ÿ“ฎ17-02-2020

๐Ÿ“ˆMarketCap:                  $286 B
๐Ÿ“Š24h Mcap %:                 -3.09%
⚠️Bitcoin Dom:                 62.8%

๐Ÿ“ŒActive Coins:                2,431
๐Ÿ“24h Vol %:                   3.91%
๐Ÿ’ฒ24h Vol:                    $135 B

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1. India's Election Commission Developing Blockchain System for Voting
The Election Commission of India is collaborating with the Indian Institute of Technology to develop a blockchain system for voting, the Chief Election Commissioner has reportedly revealed. The new system aims to allow Indians to vote even when they are away from their hometowns. According to reports, about 900 million people were eligible to vote in the 2019 elections but about 300 million people, did not vote largely due to the reason that they were unable to get to their polling booth on voting day. Read Full on Bitcoin News

2. Bittrex moves $500 million in Bitcoin for just $1
Crypto exchange Bittrex has just made two large Bitcoin (BTC) transactions, moving coins from its main exchange to another wallet, before sending them back to its original wallet. And it barely paid anything to do so. Earlier today, the exchange moved 48,952 BTC, worth $491 million at the time, according to blockchain records. But despite these two huge transactions, the cost was minimal. The exchange paid $0.67 in fees for the first transaction, and $0.84 for the second—a combined total of just $1.51. Read Full on Decrypt

3. China Shows Why Bitcoin Is Important For The World
In a move to prevent the spread of the deadly coronavirus, China has decided to sanitize its old banknotes. According to many crypto proponents, China putting its money under quarantine is one of the many reasons why the world needs Bitcoin (BTC), a decentralized and permissionless cryptocurrency. Stacy Herbert, a television presenter who co-hosts 'Keiser Report' together with early Bitcoin (BTC) adopter Max Keiser, reacted to China's recent move and tweeted that Bitcoin "doesn't get quarantined". Read Full on U.Today

4. Binance Set to Launch NEO/USDT Futures
Malta based major cryptocurrency exchange Binance announced that it is about to launch NEO/USDT perpetual contract. As per the announcement NEO/USDT futures is slated to be launched on Feb. 17 at 08:00 AM (UTC) and traders will be able to select leverage between 1x and 50x. A Binance spokesperson that the firm decided to create a NEO-based futures contract after reviewing liquidity on its spot market. Binance Futures now has a total of 17 perpetual contracts on offer. Read Full on Cointelegraph

5. With 6835 ATMs across the world, Bitcoin continues being 'safe-haven' asset
Bitcoin, in recent times, has been painted as the picture of a reliable alternative to fiat. In a recent podcast Andreas Antonopoulos noted how the number of people using Bitcoin ATMs was on the rise lately. Interestingly, the number of newly installed Bitcoin ATMs has continued to grow at a stable rate, according to data compiled by the tracking website Coinatmradar. There are about 6835 crypto ATMs across 73 countries at the moment with 4869 ATMs are in the US, 742 ATMs in Canada, 306 ATMs in the UK and 59 ATMs in Italy, to note a few. Read Full on AMBCrypto

6. Binance Applied For New Crypto License to Operate in Singapore
One of the world’s largest crypto exchange Binance applied to operate in Singapore under the Payment Services Act. This policy act is intended to regulate cryptocurrency payments and trading using regulations that currently govern traditional fiat payment services as a guideline. Binance CEO, CZ commented: “We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.” Read Full on bloomberg

7. Max Keiser Raises His Bitcoin Price Target to $400,000
American broadcaster Max Keiser continues to spread the word about Bitcoin (BTC). Speaking on news information show Infowars on Feb. 17, Keiser told host Alex Jones that his old prediction of $100,000 was now too conservative. Keiser made a bombshell announcement about 'officially' raising his price target to $400,000 per one orange coin. While many think that it is way too late to jump on the Bitcoin bandwagon, Keiser says that those doubters still have a chance to pocket 40x returns. Read Full on cointelegraph

8. Bitmain Is Facing Tough Comptetion From Its Rival MicroBT
Bitcoin miner maker MicroBT rapidly expanded market share by selling over half a million units of its flagship WhatsMiner M20 series in 2019, chipping away at rival Bitmain's dominance. These products generate a computing power of about 60 terahashes per second (TH/s) on average. That means the newly delivered 600,000 units may have contributed over 30 exahashes (EH/s) of hashing power to the bitcoin network in 2019. (1 EH = 1 million TH). Read Full on CoinDesk

9. Russia’s Central Bank Completes Blockchain Pilot
According to a local report, Russia’s Central Bank has completed a pilot project of a blockchain platform for the issuance and circulation of “digital rights” has been successfully completed. This allows it to digitize goods, services, securities, and other assets as well. Using the platform, any organization can issue digital tokens. Reportedly, this will expand business opportunities when it comes to attracting capital while also creating new convenient investment tools for the consumers. Read Full on CryptoPotato.