Cryptocurrency News Cast 📮 19-07-2020
Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $270 B
📊24h Mcap %: -1.07%
⚠️Bitcoin Dom: 62.20%
📌Active Coins: 3,335
📍24h Vol %: 0.30%
💲24h Vol: $45 B
Cryptocurrency News Updates :
- Binance's Q2 Futures Trading Volume Increased By 68%
- Abra Building Banking Solutions on Stellar Blockchain
- Pompliano Urges People To Protect Your Wealth In Bitcoin
- Former Finance Secretary Of India Purposes For Regulating Crypto As Commodity
- Ethereum Transactions Are Now Nearing All-Time High
- Mercedes-Benz Parent Company Will Use Blockchain
- Bitcoin(BTC) Wallet Has Hit New All-Time Highs
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Binance's Q2 Futures Trading Volume Increased By 68%
Crypto exchange Binance's futures trading volume increased 68% in Q2 this year compared to Q1. In terms of a dollar figure, the volume stood at $263 billion in Q2 versus $157 billion in Q1. Also, Binance today completed the twelfth quarterly burn of its native token Binance Coin (BNB ) — its largest-ever burn. That removed around $60.50 million worth of BNB from circulation. Binance burns BNB every quarter based on its overall trading volume. The exchange started burning BNB in Q3 of 2017. Read Full on The Block.
Abra Building Banking Solutions on Stellar Blockchain
Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar's blockchain. During the Stellar Development Foundation's digital second quarter review meeting on July 15, Abra CEO Bill Barhydt mentioned Abra's focus on upcoming banking-type features the company is building out. In particular, Barhydt noted an "interest-earning capability" expected to hit the market in the coming weeks. Read Full on cointelegraph.
Pompliano Urges People To Protect Your Wealth In Bitcoin
Describing the current economic state, including pending inflation, U.S. government's money printing, Anthony Pompliano noted exiting cash into other assets as the key to wealth. Pomliano said in his latest livestream, the whole secret to building wealth is to get out of cash and get into assets like bitcoin that are denominated in dollars and continues to go up in value over long periods of time. As world governments print increasing amounts of paper money, Bitcoin's supply remains constant, making it a type of hedge. Read Full on cointelegraph.
Former Finance Secretary Of India Purposes For Regulating Crypto As Commodity
Subhash Chandra Garg, former Finance and Economic Affairs Secretary of India, has told the Indian crypto community that crypto assets should be regulated as commodities during a webinar entitled “Cryptocurrency in India: What the future holds”. Garg said the value of crypto assets “lies in the eye of the beholder”. He added, if someone wants to value code which is in the form of a crypto asset and wants to invest in it, it can do in that form, in that way crypto asset is a commodity not a currency. Read Full on Bitcoin News.
Ethereum Transactions Are Now Nearing All-Time High
Data shows that Ethereum transactions are close to 2018 levels. As a result, GAS prices have gone up, and are now at record highs. Current transaction activity 1.1-1.2 million/month which is nearly 1.3 million/day seen in January 2018. DeFi and projects such as Balancer, Aave, Compound and Synthetix have gained both fan following and media interest in 2020 and their rise in popularity is synchronised with a surge in Ethereum transactions. Read Full on CryptoSlate.
Mercedes-Benz Parent Company Will Use Blockchain
Mercedes-Benz’ manufacturer Daimler AG has partnered with a decentralized data exchange, Ocean Protocol to use blockchain technology to privately collect and package data for monetization. The pilot will demonstrate Ocean Protocol’s recently launched "Compute-to-Data" protocol to protect the privacy of Daimler’s data while allowing the information to be analyzed and aggregated by third parties. Hartmut Muller, Daimler’s vice president of IT, believe the power of blockchain can unlock the value of data in a decentralized way. Read Full on cointelegraph.
Bitcoin(BTC) Wallet Has Hit New All-Time Highs
Data shared by Glassnode stated that the amount of BTC addresses that contain more than 0.1 BTC has surged to an ATH of 3,129,868 compared to the previous ATH of 3,128,826 reached earlier today. The number of non-zero BTC wallets has reached 30,435,872 also hit a new ATH, as compared from previous ATH of 30,428,607 wallets. The data shows that new users keep getting their first BTC and other retail investors are increasing their existing BTC stashes. Read Full on U.Today