Crypto News Cast đŽ 18-10-2020
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Crypto News Updates :
- Monero New Upgrade Will Raise The Transaction Speed By 10%
- Binance Destroys $68 Million Worth of BNB Token
- Max Keiser Believes Best Time To Stack Sats Is Right Now
- Ethereum Receives Vote Of Confidence From CFTC Chairman
- Spainâs Central Bank Prioritizes CBDC Research
- Grayscale Holds 2% Of The Ethereumâs Circulating Supply
- Coinbase Custody Exploring 39 Crypto's For Listing
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Monero New Upgrade Will Raise The Transaction Speed By 10%
Monero will upgrade its network on Oct. 17, with the latest release of its node software, codenamed Oxygen Orion. This upgrade contains only one major change: a new ring signatures construction called CLSAG. That feature will improve Moneroâs scalability and performance. By some estimates, CLSAG will reduce transaction sizes by 25% and improve transaction times by 10%. The upgrade also includes a number of small security improvements, primarily concerning Dandelion++, which is responsible for hiding user IP addresses. Read Full on Crypto Briefing.
Binance Destroys $68 Million Worth of BNB Token
Cryptocurrency exchange Binance today burned $68 million worth of its cryptocurrency, Binance Coin (BNB). The Malta-based exchange said its 13th token burn, which destroyed 2,253,888 tokens or 1.13% of the token's supply, is its highest-ever burn in terms of dollar value and the fourth-highest in terms of the amount of BNB burned. Burning involves destroying BNB, thus taking it out of circulation. Burning is the opposite of minting, which refers to creating new coins. Burning takes place periodically to increase the scarcity of the coin. Read Full on Decrypt
Max Keiser Believes Best Time To Stack Sats Is Right Now
People with zero Bitcoin exposure will see their wealth hyperinflate to nothing while Bitcoinâs price skyrockets 40-80x, says Max Keiser. He tweeted, "the temporary Bitcoin price suppression scheme is a godsend for poor people to stack sats now before retail liquidity dries up and the price vaults to gold-parity levels around $400,000." He asserted that the current price and availability of BTC are a once in a species-existent opportunity to acquire unconfiscatable Hard Money before a 40-80x move on the upside. Read Full on CryptoPotato
Ethereum Receives Vote Of Confidence From CFTC Chairman
Bitcoin is seeing a lot of activity, receiving a vote of confidence from the likes of Square and MicroStrategy. But Ethereum isnât far behind either. The second-largest cryptocurrency received its unexpected vote of confidence from the chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert. He said he is impressed by Ethereum and compared it to the Internet. He told, If Bitcoin is email, you know, a one-trick pony so to speak, but obviously revolutionary, Ethereum goes far beyond that. Itâs more like the internet. Read Full on coindesk
Spainâs Central Bank Prioritizes CBDC Research
Banco de EspaĂąa, Spainâs central bank released its strategic plan from 2020 to 2024, which outlines its priorities over the next four years. In addition to analyzing the European Central Bankâs policies and trends within the Spanish economy, Bank of Spain will look into a central bank digital currency (CBDC). Plan states, the implications for the financial system and the economy as a whole of the introduction of a central bank digital currency will be analysed, considering various design proposals and including aspects relating to digital identification. Read Full on Decrypt
Grayscale Holds 2% Of The Ethereumâs Circulating Supply
Grayscale provided an update of the total assets under management (AUM) at the investment firm. The update gave a value of $6.3 Billion in digital AUM at Grayscale. Of this amount, $869.7 Million is held in its Ethereum Trust. This figure is approximately 2% of Ethereumâs market cap indicating Grayscale holds a similar percentage of ETHâs circulating supply of 113 Million ETH. Furthermore, the team at Weiss Ratings has placed a possible 18% growth in value once ETH2.0 is launched and staking of Ethereum is available for everyone. Read Full on ethereumworldnews.
Coinbase Custody Exploring 39 Crypto's For Listing
Coinbase Custody that offers features such as staking, governance, and decentralized finance (DeFi) and serves institutional clients across the Asia-Pacific region, announced a total of 39 new digital assets that are up for listing. Acoording to coinbase blog post these includes Aave (AAVE), BitTorrent Token (BTT), Curve (CRV), DFI.Money (YFII), JUST (JST), Neo (NEO), Ontology (ONT), SUN Token (SUN), tBTC (TBTC), Terra (LUNA), The Graph (GRT), Tron (TRX), VeChain (VET), WING (WING), WINK (WIN), and Wrapped Bitcoin (WBTC) and 23 more coins. Read Full on coinbase.com