Cryptocurrency News Cast 📮 31-08-2020

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24hours Cryptocurrency Market Cap:

📈MarketCap: $379 B
📊24h Mcap %: 5.46%
⚠️Bitcoin Dom: 57.30%
📌Active Coins: 3,876
📍24h Vol %: 2.05%
💲24h Vol: $97 B

Cryptocurrency News Updates :

• Chinese Bank Briefly Enabled Digital Yuan Wallet Registration
• Dan Tapiero: Fiat Debasement Will Turn Institutions To Bitcoin
• Binance Charity Raise $1 Million For PPEs
• Federal Agencies Turning To Blockchain
• VeChain Integrated With BMW To Develop Auto Security Platform
• Binance Promoting Bitcoin At London’s Bus Stop
• Uniswap's Daily Trading Volume Overtakes Coinbase Pro

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Chinese Bank Briefly Enabled Digital Yuan Wallet Registration

A major bank quietly opened up a wallet service for China’s central bank digital currency to public users but quickly disabled it after the feature gained widespread attention. Around noon on Saturday local time, users of China Construction Bank (CCB), one of the big-four state-owned commercial banks, started to notice that a central bank digital currency wallet feature was available inside the bank’s mobile app. By searching “digital currency” in Chinese, users of the app could navigate to the digital yuan wallet service and further activate it by registering. Read Full on coindesk.

Dan Tapiero: Fiat Debasement Will Turn Institutions To Bitcoin

Global macro investor Dan Tapiero claims institutions will turn to Bitcoin after gold. Veteran macro investor Dan Tapiero claims that dollar debasement fears will eventually drive institutions to Bitcoin given that they are already diving into gold. The two rivaling assets have been trading in tandem over the past month as investors are feverishly seeking safe havens. Tapiero’s bullish comment is related to the news about the Ohio Police & Fire Pension Fund (OP&F) adding a five percent gold allocation for diversifying its portfolio. Read Full on U.Today.

Binance Charity Raise $1 Million For PPEs

Binance Charity and Integro Foundation raised $1 million to donate personal protective equipment to frontline workers. A total of 500,000 KN-95 masks will be distributed to workers in the Brazilian Amazon, Argentina, Chile, Mexico, Venezuela, Peru, Ghana, Nigeria, South Africa, Bermuda, Barbados, St. Lucia, Haiti, Bahamas, the Dominican Republic, the Navajo nations, Russia and Puerto Rico. The initiative is part of the Crypto Against COVID campaign.The industry also believes the pandemic can help accelerate adoption of crypto and blockchain technology. Read Full on cointelegraph.

Federal Agencies Turning To Blockchain

Federal agencies have turned to blockchain for its transparency, efficiency, security and flexibility. According to FedTech magazine, several federal agencies like the U.S. Food and Drug Administration, or FDA, and the Department of Treasury began using blockchain. Officials in the US Food and Drug Administration needed an effective way to help them track data on the H1N1 swine flu virus that had begun to spread again in 2017. Of course, officials at the US Food and Drug Administration did not find a better way than adopting blockchain technology. Read Full on cointelegraph.

VeChain Integrated With BMW To Develop Auto Security Platform

VeChain is teaming up with German carmaker BMW to develop an auto security platform that keeps vehicles free from forgery. The two companies plan to roll out the blockchain-based decentralized application (dApp) VerifyCar, which would collect vehicle data such as mileage, repairs, and additional services. The dApp will run on the VeChainThor blockchain which would keep the data secure and untampered. BMW highlights that users of VerifyCar have more control over the collected data. Read Full on The Daily Hodl.

Binance Promoting Bitcoin At London’s Bus Stop

The world’s largest cryptocurrency exchange, Binance, has targeted London commuters with new ads featuring Bitcoin. According to tweet from Binance.UK, the exchange has placed new ads at 17 bus stops in London. The image shows two older generations of coins as well as a current two-pound coin used in the U.K, followed by the largest, Bitcoin. “Money is evolving,” the ad states. “It’s time to adapt.” Binance announced its expansion into the U.K. market in June. Read Full on Twitter.

Uniswap's Daily Trading Volume Overtakes Coinbase Pro

Decentralized exchange platform, Uniswap’s daily trading volume today hit new highs surpassing America-based crypto exchange Coinbase Pro daily volume for the first time ever. Uniswap founder Hayden Adams tweeted that Uniswap’s trading volume of $426mln higher than Coinbase’s trading volume of $348mln, over the past 24 hours. The main reason behind of rise in Uniswap, is growing in popularity of decentralized finance (DeFi). According to data from DeFiPulse over 2.2mln ETH is locked into the decentralized exchange. Read Full on The Daily Chain.