Cryptocurrency News Cast 📮 08-08-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $355 B
📊24h Mcap %: 0.92%
⚠️Bitcoin Dom: 60.90%
📌Active Coins: 3,583
📍24h Vol %: -6.19%
💲24h Vol: $84 B

Cryptocurrency News Updates :

• Casa Wallet App Now Allows Its Users To Buy Bitcoin Directly
• New York Banks Can Use Binance USD Without Prior Approval By NYDFS
• Raoul Pal: Bitcoin Is The Only Asset Outperforming As Long-Term Investment
• Bitcoin Activity In Nigeria Is On Surge Since April
• Indian Crypto Exchange CoinDCX Offers Crypto Staking
• Grayscale Bringing Crypto To The Masses On Your Favorite TV Channels
• Vechain Released Blockchain-Based Food Safety Solution Tool
• Dan Morehead: Bitcoin Could Go $100K In Two Years

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Casa Wallet App Now Allows Its Users To Buy Bitcoin Directly

Bitcoin custody solution provider Casa has announced today that it is offering in-wallet Bitcoin purchases, within the iOS or Android mobile app. Casa users can purchase Bitcoin by using Apple Pay or debit cards, which connect them to retail exchanges through a secure API provided by Wyre. The purchased coin is then held directly within the app, which uses the same multi-signature security methods as Casa’s paid services. It’s a self-custody service, so Casa doesn’t hold your funds at any time. Read Full on Decrypt.

New York Banks Can Use Binance USD Without Prior Approval By NYDFS

Binance’s USD (BUSD) stablecoin has been green listed by New York’s financial watchdog meaning banks and financial institutions can use the asset without any further regulatory approval. However, Binance Compliance Officer Samuel Lim told, BUSD will be accepted "on an immediate basis" by licensed entities. New York Department of Financial Services (NYDFS) updated its "Greenlist" in this week. Bitcoin, Ether, and Litecoin are all on the NYDFS' Greenlist, as are stablecoins like Gemini dollar and Paxos. Read Full on CoinDesk.

Raoul Pal: Bitcoin Is The Only Asset Outperforming As Long-Term Investment

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments. He told, “It’s not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon: Bitcoin”. Further he told, his conviction levels in Bitcoin rise every day. He is already irresponsibly long. Now he is thinking it may not be even worth owning any other asset as a long-term asset allocation. Read Full on cointelegraph.

Bitcoin Activity In Nigeria Is On Surge Since April

Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. According to a new study by major crypto wallet Blockchain.com, Nigeria has seen the largest influx of activity on its wallet app since April 2020. the report says that Nigeria has been the best performing country on its platform over the past three months. The report notes a 60% increase in usage of Blockchain.com’s web wallet in the region since April. Read Full on cointelegraph.

Indian Crypto Exchange CoinDCX Offers Crypto Staking

Indian cryptocurrency exchange CoinDCX has launched its new product on Friday, allowing its users to stake three cryptocurrencies: harmony (ONE), qtum (QTUM) and tron (TRX) and earn passive income. Users with a minimum balance of 100 ONE tokens, one QTUM token and five TRON tokens will be eligible for staking. Proof-of-stake is a system used by some blockchains enabling users to hold coins in a cryptocurrency wallet to support the operations of the network in return for newly minted coins. Read Full on CoinDesk.

Grayscale Bringing Crypto To The Masses On Your Favorite TV Channels

Barry Silbert, the CEO of digital asset management firm Grayscale, has announced the launching a nationwide cryptocurrency-related ad campaign that will kick off next week. He said that TV viewers will be able to see the ad on all major cable channels, such as CNBC, MSNBC, FOX and FOX Business. While Silbert did not spill the beans about what the ad is going to be about, the "Brrring crypto to the masses" part suggests that the ad might focus on central banks printing unabashedly huge amounts of money. Read Full on U.Today.

Vechain Released Blockchain-Based Food Safety Solution Tool

The VeChain Foundation announced food safety solution based on its Blockchain-as-a-Service platform, ToolChain. The tool offers a suite of whitelabel services that will allow food sector to implement on-chain safety management services. They have high hopes that the tool will be useful for many sub-sectors and products, such as fresh food, dairy, alcohol and wine, and imported food. Companies will also gain access to third-party services to help them to reduce the cost of certification, auditing, insurance, and supply chain financial services. Read Full on cointelegraph.

Dan Morehead: Bitcoin Could Go $100K In Two Years

Pantera Capital founder, Dan Morehead believes bitcoin price can go $100,000. Morehead thinks this is still possible, despite the fact that in just one year, the asset’s price would have to increase to nearly 10 times its current value. He said, bitcoin has been growing at 209% for nine years and he thinks it's going to grow at least 209% over the next couple years which he said will put bitcoin at $100,000, probably in two years. He believes bitcoin's primary use case is a store of value. Read Full on cointelegraph.

Number Of Bitcoin Active Addresses Reached Over 1 Million

According to data of Bitcoin analytics firm Glassnode, Bitcoin’s active addresses has averaged over 1 million. The metric calculates the number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted, as per Glassnode. The 1 million average daily mark—for active addresses—was last seen in the months following Bitcoin’s epic price rise to $20,000 in late 2017. Read Full on Decrypt.