Cryptocurrency News Cast 📮 20-08-2020
Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $370 B
📊24h Mcap %: -0.36%
⚠️Bitcoin Dom: 59.10%
📌Active Coins: 3,761
📍24h Vol %: -6.58%
💲24h Vol: $94 B
Cryptocurrency News Updates :
- Russian Bank Has Reportedly Issued Waves Powered Crypto Loan
- 20% of All Transactions On Ripple Network Now Utilize XRP
- Crypto Travel Company Travala Adds VeChain Token
- IOTA Steps Closer To Complete Decentralization, Upgrades to Chrysalis 1.5
- Restaurant Chain Converts Entire Cash Reserves To Bitcoin
- India Is Among The Top Countries In Blockchain Wallet Transactions
- Crypto Businesses Can Operate In Hawaii Without Licenses
- Archax Becomes UK's First FCA-Regulated Digital Securities Exchange
Register at the best leverage exchanges
ByBit: https://bit.ly/36JuDQZ
BitMEX: https://bit.ly/2M74PX9
Binance: https://bit.ly/34urfrJ
Gemini : https://gemini.com/share/wlylkmse
FTX exchange : https://ftx.com/#a=cryptotraders
Bittrex : https://bittrex.com/Account/Register?referralCode=FIV-UX0-TAQ
Brave Browser : https://brave.com/nnr477
Advertise Your Products and Get Leads To Your Business Hashing Ad Space
Register link: http://bit.ly/2YlhQRh
Buy Products and Gift Cards With Bitcoin and Cryptocurrencies: http://bit.ly/2sFJvSf
Russian Bank Has Reportedly Issued Waves Powered Crypto Loan
Expobank, a commercial bank in Russia, has reportedly issued the country’s first ever loan backed by cryptocurrency. According to an Aug. 19 report by local news agency Kommersant, Expobank provided the credit through issuing an individual bank loan powered by Waves (WAVES) tokens. Waves CEO and founder Alexander Ivanov confirmed the news in a tweet, noting that the loan used Waves tokens as collateral. According to the report, the new loan was issued to local entrepreneur Mikhail Uspensky earlier this week. Read Full on cointelegraph.
20% of All Transactions On Ripple Network Now Utilize XRP
One Ripple executive claims that over 20% of all transactions on RippleNet, the decentralized global network of payment providers that include banks and money services businesses, now use the blockchain startup’s native cryptocurrency XRP. Asheesh Birla, Ripple’s senior vice president of product and corporate development, says firm’s On-Demand Liquidity (ODL) solution, which facilitates cross-border payments using XRP as the bridge currency, is increasingly being used in RippleNet transactions. Read Full on The Daily Hodl.
Crypto Travel Company Travala Adds VeChain Token
Travala.com has announced that they will incorporate VeChain’s VET token as a payment option for travelers on their crypto-friendly booking platform. Users can now use the token to book homes and hotels around the world. Juan Otero, CEO of Travala.com, believes that through the partnership, the company will continue to increase cryptocurrency adoption across the sector. The VeChain Foundation noted an increasing surge in consumer appetite for modern payment alternatives and scalable blockchain solutions. Read Full on cointelegraph.
IOTA Steps Closer To Complete Decentralization, Upgrades to Chrysalis 1.5
The IOTA development team has completed the Chrysalis Phase 1 update. Chrysalis, or IOTA 1.5, is just the first step that will now build the launching pad for a smooth transition to IOTA 2.0, or Coordicide. From preliminary stress test results, the network could process over 1,500 TPS. IOTA users can now send and receive IOTAs in less than 10 seconds. Because of changes made to the Coordinator’s main address, users are now urged to restart the desktop version of the Trinity Wallet and the Hornet 0.5.0. Read Full on BTCMANAGER.
Restaurant Chain Converts Entire Cash Reserves To Bitcoin
Tahini, The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to Bitcoin. The decision to switch cash reserves to crypto had its genesis in March’s crash, with the United States and Canada printing money to prop up their ailing economies, Tahini’s owner Omar Hamam said he was concerned that money printing would devalue fiat currency. He decided to convert the company’s savings into Bitcoin because it “offers a much better alternative to saving cash.” Read Full on cointelegraph.
India Is Among The Top Countries In Blockchain Wallet Transactions
A report by Blockchain.com that looked into the rise in crypto adoption reveals India holds the second-highest number of blockchain wallet transactions with 17.4% while Peru topped with 18.3%. Moreover, the report revealed that digital assets outperformed traditional assets during the survey period. The best performer in the financial market for July was Ethereum with 57% gain, followed by BTC with 24%. The removal of the crypto ban by the Supreme Court of India this year, is the main cause for rise in blockchain wallet transactions. Read Full on The Daily Chain.
Crypto Businesses Can Operate In Hawaii Without Licenses
Hawaii has allowed 12 cryptocurrency firms to operate without money transmitter licenses, among them Robinhood Crypto, Gemini, ErisX, BitFlyer, and upstart River Financial. The companies are participating in a two-year pilot program run by Hawaii’s Digital Currency Innovation Lab in partnership with the Hawaii Division of Financial Institutions (DFI). The pilot will help “guide legislation and determine the future of digital currency activity in Hawaii”, said Hawaii’s Department of Commerce and Consumer Affairs. Read Full on Decrypt.
Archax Becomes UK's First FCA-Regulated Digital Securities Exchange
Archax today become the first ever Financial Conduct Authority (FCA) regulated digital securities exchange and custodian in the UK. The FCA’s authorisation covers three main areas: multilateral trading facility permissions which allow Archax to operate a digital securities marketplace in London, CASS custody permissions allow Archax to offer a regulated custody service for digital assets as well as client cash and brokerage permissions will also allow the company to engage with professional investors as well as investment firms. Read Full on Decrypt.