Cryptocurrency News Cast 📮 14-08-2020

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24hours Cryptocurrency Market Cap:

📈MarketCap: $366 B
📊24h Mcap %: 6.58%
⚠️Bitcoin Dom: 58.90%
📌Active Coins: 3,712
📍24h Vol %: 10.65%
💲24h Vol: $116 B

Cryptocurrency News Updates :

• Bitcoin and Gold Correlation Reaches Records New High
• Tron Partners Waves To Push DeFi Mass Adoption
• Galaxy Digital Advertises Huge Buy Bitcoin Ad In Financial Times
• Developer Claims To Be Working On Integrating Cardano With Shopify
• Ethereum Price Surged To $430 First Time Since August 2018
• Dave Portnoy Bought $1 Million Bitcoin
• Germany Purposes To Digitize Securities On Blockchain
• Kraken: History Suggests Huge Bitcoin Bull Run Incoming

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Bitcoin and Gold Correlation Reaches Records New High

The prices of bitcoin and gold have reached a monthly average correlation of 70%, an all-time-high, according to data analytics firm Skew. Skew said the rising correlation supports the idea that bitcoin (BTC) is a store of value, particularly at a time of economic turmoil. Both bitcoin and gold have risen sharply throughout 2020, driven by relentless fiat money printing by governments and central banks, keen to keep their economies afloat in the wake of the coronavirus pandemic. Read Full on Bitcoin News.

Tron Partners Waves To Push DeFi Mass Adoption

TRON and Waves will join forces to open up their DeFi ecosystems to one another’s set of token holders. Thanks to Gravity’s blockchain agnostic communication protocol, WAVES holders can now access TRON’s TRC20 token architecture and suite of decentralized services. Likewise, TRX holders and developers can now access Waves’ own DeFi ecosystem via seamless token swaps. Partnership will resolve one of a strong barrier to DeFi mass adoption, lack of inter-chain connectivity between different products and services. Read Full on btcmanager.

Galaxy Digital Advertises Huge Buy Bitcoin Ad In Financial Times

Digital asset manager Galaxy Digital has plastered the Financial Times with a full-page Bitcoin ad today, with the broadsheet boasting a daily distribution of 78,000—that's a lot of eyes on Bitcoin. "In uncertain times, Bitcoin is a hedge independent of the hegemony," the broadsheet ad boldly reads. The ad positions Bitcoin's "hard-coded" fixed supply and consequent scarcity as a hedge against risks, such as inflation, that arise from economic uncertainty. Grayscale's founder and CEO, Barry Silbert commended the ad. Read Full on Decrypt.

Developer Claims To Be Working On Integrating Cardano With Shopify

Jeronimo Backes, an Australia-based developer is working on the development of a Cardano integration dubbed the “Cardano e-commerce integration project,” that will enable ADA holders to pay with the native Cardano digital coin at over 500k online stores on Shopify. The project, supported by the SHOP stake pool, seeks to establish a bridge between Cardano and e-commerce to enable online shops and customers to exchange ADA for goods with zero fees and commissions. Read Full on BTCMANAGER.

Ethereum Price Surged To $430 First Time Since August 2018

Ethereum (ETH) crossed $400 today jumping more than 10% in 24 hours, briefly hitting $432. The last time Ethereum was above $400 was a week ago, on August 6, when it reached a high of $403.49. ETH’s trading volume risen from $12,408,772,745 on August 12 to $17,784,047,349 until today — a 10.43% rise in past 24 hours. ETH has been on a tear in part because of the explosion in interest and use of DeFi, a mostly Ethereum-based trend. The last time ETH was above $429 was August 1, 2018. Read Full on Decrypt.

Dave Portnoy Bought $1 Million Bitcoin

The Winklevoss twins, Cameron and Tyler, really did show up at the house of Barstool Sports president Dave Portnoy to teach him about Bitcoin, blockchain, and crypto. Also both brothers coached him on buying some $200,000 of the crypto. He also bought $50,000 of Chainlink’s LINK token. In a separate tweet, Portnoy claimed to be "7 figures deep now in this stuff. Since the video was filmed, he tweeted that he now has at least $1 million worth of Bitcoin to his name, calling himself “the baron of Bitcoin”. Read Full on Twitter.

Germany Purposes To Digitize Securities On Blockchain

Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) introduced a draft bill on blockchain-based digital securities. As per present legislation in Germany, financial instruments that are classified as securities must be secured in a document. Blockchain technology would thus help guarantee liquidity and compliance by providing a replacement for the paper certificate, the BMF and BMJV said. This proposed regulation also creates regulatory clarity. Read Full on cointelegraph.

Kraken: History Suggests Huge Bitcoin Bull Run Incoming

San Francisco-based digital asset exchange Kraken has released a report for its top traders to the public, which predicts Bitcoin may be at the start of a major bull run. The exchange notes the fact that BTC’s annualized volatility fell to 23% on July 24th. The report stresses that every time Bitcoin’s annualized volatility falls between 15% – 30%, sharp moves to the upside typically follow. The firm predicts Bitcoin’s volatility could soon rise above 100% as BTC “rallies somewhere between +50% and +200%” in the coming months. Read Full on The Daily Hodl.