Cryptocurrency News Cast For August 3rd 2020 ?

in news •  4 years ago 

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Cryptocurrency News Cast 📮 03-08-2020

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Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $343 B
📊24h Mcap %: 1.90 %
⚠️Bitcoin Dom: 60.60%
📌Active Coins: 3,502
📍24h Vol %: -43.39%
💲24h Vol: $87 B

Cryptocurrency News Updates :

  • Centric Cash Surged By More Than 400% Within 24 Hours
  • Chinese Tech Giant Tencent Builds Blockchain Platform For Wine Tracing
  • Bitcoin Hashrate Has Hits a New Record-High Again
  • Ebang And Canaan Had Released Two New Mining Rigs
  • Bitcoin Realized Cap Hits New ATH Of $109.7 Billion
  • Blockstack CEO Muneeb Ali: Bitcoin Is A Better Defi Solution
  • Max Keiser: Bitcoin (BTC) Would Soon Rally To $28,000

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Centric Cash Surged By More Than 400% Within 24 Hours

Centric Cash ($CNS), Native Token Of Blockchain-Based Crypto Payment Network Centric has recorded a 4x increase in its price. Token has surged by 400% in the last 24 hours. At the time of writing, $CNS is trading at $0.009444. Centric Cash ($CNS), was recently listed on five Crypto Exchanges Bithumb, Probit, Cointiger, IKOS and Centric Swap. Centric Cash ($CNS) is pegged to platform's first token Centric Rise, which is designed to increase in price hourly and also incentivizes its users. Read Full on coinmarketcap.

Chinese Tech Giant Tencent Builds Blockchain Platform For Wine Tracing

Tencent to build a blockchain-based wine traceability platform for China’s oldest wine producer. Chinese tech giant Tencent has revealed its plan for creating a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer. The platform is designed to trace every step of the wine-making and sales processes, including planting, brewing, distribution and management. It will issue a unique traceable certificate for each bottle of wine it produces. Read Full on cointelegraph.

Bitcoin Hashrate Has Hits a New Record-High Again

The hash rate of the Bitcoin blockchain network has hit an all-time high value of 126.9 TH/S on july, 29 almost three months after the halving. Bitcoin’s third block reward halving in history occurred on May 11, 2020. Immediately after, its hash rate dropped from 121 million terahash per second (TH/s) to 90 million TH/S. The rapid recovery of Bitcoin’s hash rate shows that the mining sector is healthy, which could lead to market stability. Bitcoin hash rate at the time of writing is at 124.8 TH/s. Read Full on U.Today.

Ebang And Canaan Had Released Two New Mining Rigs

The two Chinese ASIC mining rig manufacturers Ebang and Canaan are listed on the American stock exchange Nasdaq. Both mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s). Canaan has launched the Avalonminer 1146 Pro (63TH/s), while Ebang has released the E12+ (50TH/s). Read Full on Bitcoin News.

Bitcoin Realized Cap Hits New ATH Of $109.7 Billion

According to Glassnode, the new all-time high (ATH) for Bitcoin realized cap since August 2 is $109,758,629,290.65 as compared to previous ATH of $109,753,154,440.01 was observed on same day. This shows, more than a $5 million increase in one day. This may indicate an inflow of new investors into Bitcoin, some experts believe. Realized Cap values different part of the supplies at different prices (instead of using the current daily close). Specifically, it is computed by valuing each UTXO by the price when it was last moved. Read Full on U.Today.

Blockstack CEO Muneeb Ali: Bitcoin Is A Better Defi Solution

Blockstack CEO Muneeb Ali said that the recent rise in conversation about the possibilities of ‘DeFi on the Bitcoin’, this means more people are looking to anchor in the security of Bitcoin when it comes to financial products. Many people think that it is easier to recreate Bitcoin on top of Ethereum, but it actually makes more sense to create Ethereum functionality on top of Bitcoin. The adoption of this is still nascent but people are definitely starting to realize the value of building on the Bitcoin ecosystem rather than parallel to it. Read Full on cointelegraph.

Max Keiser: Bitcoin (BTC) Would Soon Rally To $28,000

According to Keiser Report host Max Keiser, the price of Bitcoin (BTC) would soon rally to $28,000. He believes the all-time high of BTC at $20,000 likely won’t act as resistance. Max Keiser expects BTC to eventually surpass $28,000, and shoot for a new all-time high at six figures. In the past 12 days, the price of Bitcoin was able to rise from $9,200 to $12,000, marking the highest price in over a year. The cryptocurrency market is already benefiting from the strong momentum of Bitcoin and Ethereum. Read Full on cointelegraph.

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