Cryptocurrency News Cast 📮 05-08-2020
Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $352 B
📊24h Mcap %: 4.02 %
⚠️Bitcoin Dom: 61.00%
📌Active Coins: 3,532
📍24h Vol %: -11.90%
💲24h Vol: $85 B
Cryptocurrency News Updates :
- Ethereum 2.0 Final Testnet Goes Live
- Ripple CEO: Dollar Is Weakening While Crypto Is Getting Stronger
- Dash Launches Crypto Debit Card In Latin America
- Dave Portnoy Wants To Learn Bitcoin And Buy Them
- Coca-Cola Will Use Ethereum Blockchain For Supply Chain
- Russia’s Banking Giant Is Thinking To Issuing Its Own Stablecoin
- As Per Square Reports 600% Surge In Quarterly Bitcoin Revenue
- US Congressman Says, Bitcoin Is Gonna Get Stronger After Pandemic
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Ethereum 2.0 Final Testnet Goes Live
Ethereum developers have launched the Medalla testnet, which is the last testnet prior to Ethereum 2.0’s mainnet launch.The testnet went live on Aug. 4, 2020, at 1 PM UTC. Validators are using the testnet as a "dress rehearsal" for Ethereum 2.0's mainnet launch, expected in November. Ethereum 2.0 will be a significant upgrade, it will improve scalability, efficiency and will offer staking rewards to all users. The Medalla testnet matters because it includes many of Ethereum 2.0’s key features in a real, working environment. Read Full on Crypto Briefing.
Ripple CEO: Dollar Is Weakening While Crypto Is Getting Stronger
In a recent tweet, Ripple CEO Brad Galirnghouse stated that governments are now taking a serious look at blockchain after dismissing the technology as a “scam” for years. It addresses frictions (i.e. settlement, transparency, etc) that were assumed very hard to solve before. Crypto is up 80% while USD is down 3% YTD. It comes down to trust in the financial system at the end of the day. U.S. dollar isn’t going to be fell by gold, the yuan, or crypto anytime soon, but it’s gradually getting weaker. Read Full on twitter.
Dash Launches Crypto Debit Card In Latin America
Dash has partnered with Mexican cryptocurrency exchange, Taurus.io, to release the first crypto Visa debit card in Latin America. The offer will initially only be available to Taurus’ customers in Mexico. The card will work at millions of stores in Mexico by converting crypto funds to pesos using the Tauros mobile app. It will also be capable of conducting online transactions. Ernesto Contreras, Head of Business Development at Dash Core Group added that the recent need for contactless payments helped to accelerate the product offering. Read Full on cointelegraph.
Dave Portnoy Wants To Learn Bitcoin And Buy Them
Popular Twitter personality Dave Portnoy, famous for his motto “stocks only go up,” now wants to learn about Bitcoin (BTC). In a Twitter clip extracted from his latest daily show on August 4, Portnoy tells the Gemini co-founders, Tyler and Cameron Winklevoss, he’d like them to explain Bitcoin in a way that I would understand. He said that he does not know how to buy Bitcoin or how to maintain self custody of the asset once acquired, which is why he wants the Winklevoss twins to come and explain it to him. Read Full on twitter.
Coca-Cola Will Use Ethereum Blockchain For Supply Chain
North America’s Coca-Cola bottling supply chain is dipping its toes in the decentralized finance (DeFi) ecosystem. A new project, will see CONA Services (Coke One North America,) the tech partner of the largest Coca-Cola bottlers in the region, establish a “Coca-Cola Bottling Harbor” to reduce technical barriers for suppliers. The project is enabled by The Baseline Protocol, It enables them not only to communicate and transact privately on the Ethereum public blockchain, but also to access DeFi applications, and tokenize assets. Read Full on decrypt.
Russia’s Banking Giant Is Thinking To Issuing Its Own Stablecoin
Russia’s president Vladimir Putin, signed Russia’s Digital Financial Assets (DFA) bill into law on July 31. Sberbank has apparently been waiting for the bill since 2018. Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives. Sergey Popov, director of the transaction business at Sberbank, says that Sberbank is thinking of issuing its own stablecoin that could be pegged one-to-one to the Russian ruble. Read Full on cointelegraph.
As Per Square Reports 600% Surge In Quarterly Bitcoin Revenue
Square’s bitcoin business is continuing its rapid growth, with Q2 revenue 600% up year-on-year. The San Francisco payments company said revenue made from selling bitcoin to its Cash App customers in Q2 came to a total of $875 million – six times the amount in the same period in 2019. Tuesday's results represent one of the biggest increases in quarter-to-quarter revenue to date: the company attributes the rise to a surge in customer demand and volumes, as well as an increase in bitcoin's circulating supply. Read Full on CoinDesk.
US Congressman Says, Bitcoin Is Gonna Get Stronger After Pandemic
During the “Pomp Podcast” hosted by Morgan Creek Digital co-founder Anthony Pompliano, US Congressman Tom Emmer said that Bitcoin’s decentralization is its main trump card against fiat currencies. He noted that the coronavirus pandemic is similar to the 2008 financial crisis, is prompting people to look for alternative stores of value. He further told, as we come out of the crisis, Bitcoin ain’t going away. It's gonna get stronger. Bitcoin isn't the problem but Centralized control is a big problem. Read Full on Decrypt.