One Stop Cryptocurrency NewsCast For Today ?

📮23-01-2020

📈MarketCap:                  $240 B

📊24h Mcap %:                 -1.42%

⚠️Bitcoin Dom:                 65.3%

📌Active Coins:                2,420

📍24h Vol %:                   5.63%

💲24h Vol:                     $66 B

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1.  Highlighting the success of Bitcoin as an investment tool veteran cryptographer Nick Szabo noted Bitcoin is so far unmatched compared to gold, stocks, bonds and other assets broadly considered profitable. Using the Sharpe ratio to calculate risk-adjusted returns, Woobull creator Willy Woo gave Bitcoin a score for every four-year “hodl” period from 2013 onwards, the results is Bitcoin reigns supreme over other investments, only briefly seeing competition from stocks. Read Full on Cointelegraph

2.  Payments provider Square has won a U.S. patent for a new network that enables seamless crypto-to-fiat transactions. The patent details a payments system allowing users holding different asset types to transact with one another in real-time. This new system could be especially advantageous for the retail sector. Many cryptocurrencies are too volatile and too slow to become an effective payments solution. Square thinks it can "remove barriers" with a system that features automatic exchange and real-time settlements. Read Full on CoinDesk

3.  Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency. The Hong Kong Monetary Authority and the Bank of Thailand created a cross-border corridor between Thai baht and Hong Kong dollars to allow participating banks to transfer funds and operate foreign exchange transactions on a peer-to-peer basis, which is expected to cut settlement costs and time. The project is based on R3’s blockchain platform Corda and implements smart contracts. Read Full on Cointelegraph

4.  Bitcoin's lightning torch is back, The torch is a digital game first ignited in January 2019 by pseudonymous bitcoin enthusiast Hodlonaut. Each "torchbearer" sends a tiny amount of bitcoin to the next. A key rule is to add a little bit more money to the payment each time it moves to someone new. and it's zipped through at least 38 countries already. Hodlonaut lit the torch again. It's moving around the world much faster the second time around, already reaching 91 people in three days. Last time, it took longer than two weeks to get to 139 people in 37 countries. Read Full on CoinDesk

5.  According to information from on-chain blockchain intelligence firm Glassnode, the number of addresses holding at least one Bitcoin has increased notably over the last year. As of Jan. 14, there were 784,000 addresses holding one or more bitcoins, up nearly 11 percent from 707,000 seen a year ago. The rising number of addresses accumulating greater amounts of BTC is a sign that adoption as a store of value is increasing, said Connor Abendschein, analyst at Digital Assets Data. Read Full on coindesk

6.  Andra Capital, a San Francisco-based venture capital firm, has announced its own token: Silicon Valley Coin (SVC). The company plans to issue it via a security token offering (STO) in collaboration with Tezos Foundation and TokenSoft. SVC will be built on the Tezos blockchain and utilize TokenSoft’s issuance platform. The fund will use it to invest in late-stage technology companies. TokenSoft’s platform will provide the technology for qualified retail investors from over 50 countries to make investments using the token. Read Full on Decrypt

7.  Sports live-streaming provider SportsCastr is launching its own cryptocurrency to reward viewers and encourage interactions. The company – which is backed by the NFL Players Association announced it has teamed with the FanWide platform for the effort. The new FanChain (FANZ) token will be made available on FanWide, which helps people locate local game watch parties, and given out to people checking in to listed events. SportsCastr says the tokens can be earned at the "thousands of sports bars" on FanWide's U.S. network and will be redeemable for cash. The token is ERC-20 standard "compliant." Read Full on CoinDesk

8.  Switzerland-based fintech firm, Amun AG, has launched the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange. The Exchange Traded Product (ETP) claims to track the inverse performance of Bitcoin. If bitcoin’s price climbs, traders lose. If it falls, they win. The SBTC tracker is the first inverse tracker that uses a digital asset like Bitcoin for its ETP structure. The offering in question also claims to take advantage of the extreme volatility associated with cryptocurrencies like Bitcoin. Amun said SBTC is reset at the end of each day and the performance is not rolled over to the next day. Read Full on coindesk

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