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1. The total number of bitcoins that haven’t changed hands in more than a year has crossed 10 million. About 10.7 million bitcoins haven’t moved in more than 12 months, according to Digital Assets Data, a fintech company building crypto data feeds. Considering the total number of bitcoins in circulation is 18.14 million, this also means nearly 60 percent of the coins remained dormant and only 40 percent participated in the price action seen in 2019. The percentage of bitcoins lying dormant for over a year is at its highest level since early 2017. Read Full on CoinDesk
2. Crypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive loans backed by the assets. The initial annual percentage yield on the assets will be 8.6 percent for USDC and 3.78 percent for litecoin. In 2020, the company aims to add five to 10 new assets including USDC and LTC and is looking most aggressively at the top 20 cryptocurrencies by market capitalization, said Zac Prince, BlockFi’s CEO and founder. Read Full on CoinDesk
3. IBM and Farmer Connect – an organization committed to increasing transparency and sustainability in agriculture supply chains – demoed a blockchain-based app that allows consumers to learn about the coffee beans they purchase. “Thank My Farmer” mobile app provides consumers with an interactive map to show the journey of their coffee. App is powered by IBM’s blockchain technology, which creates a permanent digitized chain of transactions that cannot be altered — tracking each step of a coffee bean’s journey. Read Full on cointelegraph
4. Ethereum continues to hold number one spot in terms of both number of active applications and volume of transactions associated with Dapps. However, Tron is proving increasingly popular with developers and, for the first time ever, actually just surpassed EOS in terms of the number of active applications on the network. With a total of 637 active Dapps now supported, Tron has overtaken EOS. The latter network currently hosts 633 active Dapps. Ethereum still dominates the wider ecosystem. The network now hosts a total of 1,223 active Dapps. Read Full on medium
5. Thailand’s oldest bank Siam Commercial Bank (SCB) has partnered with Ripple to create a mobile application powered by blockchain to deliver instant, low-cost cross-border payments. The app — known as SCB Easy — was demoed in December during Ripple’s annual customer event, Swell. SCB’s senior vice president of commercial banking, Arthit Sriumporn. Following this, Sriumporn showed the app in action, sending a payment to a recipient's bank account within 40 seconds. Read Full on Cointelegraph
6. It’s always interesting to hear that a company or individual is prepared to accept Bitcoin in exchange for goods and services. It’s even more refreshing when they actually know enough about the cryptocurrency to want to hold it. British rapper Zuby announced earlier that he not only accepts Bitcoin payments, but that he doesn’t intend to convert them payments immediately to fiat currency. Demonstrating that he has at least done a little homework, in true Bitcoiner lingo, he claims he’d rather “HODL” than sell it straight away. Read Full on twitter
7. Binance Futures platform is launching another perpetual contract with Litecoin. This time, Litecoin (LTC) is being paired with USDT making it the sixth perpetual contract on the platform. According to an official announcement from Binance, the LTC/USDT perpetual contract trading will begin from 9 January and users will be able to select between 1-75x leverage. The others, which are available on the platform, are the BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, and EOS/USDT contracts. Read Full on binance
8. Bitcoin futures have been growing in popularity ever since the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) opened up this derivative trading option to institutional investors at the end of 2017. Now, early on in 2020, the growth is noticeable as $20 billion-plus was traded across several cryptocurrency and traditional exchanges yesterday. Most of the action came from cryptocurrency exchanges OKEx, Huobi, and BitMEX — with Binance also showing up quite prominently. Read Full on BeInCrypto
9. Bitcoin’s hashrate has broken all records, rising to 120 EH/s for the first time ever. That makes it a three fold increase for this year, up from 40 EH/s in February 2019 to now 120 EH/s on January 7, 2020. Part of this increase is due to advancements in asics manufacturing, but it also suggests rising demand as it is growing considerably. If demand comes from new miners who intend to use bitcoin rather than sell it, then this might affect the supply of bitcoin on price markets. Read Full on blockchain