Cryptocurrency News Cast 📮 20-07-2020

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24hours Cryptocurrency Market Cap:

📈MarketCap: $272 B
📊24h Mcap %: 0.60%
⚠️Bitcoin Dom: 62.10%
📌Active Coins: 3,346
📍24h Vol %: 2.19%
💲24h Vol: $50 B

Cryptocurrency News Updates :

• Cardano Will Launch An ERC20 Converter And Cross-Chain-Communication
• David Schwartz Says Ripple Is Exploring DeFi
• British Artist Selling Artwork On Ethereum Blockchain
• Leading U.S. Coffee Manufacturer Will Use IBM's Blockchain
• PayPal Reportedly Partners Paxos To Manage Crypto Supply for New Services
• Mastercard Allow Wirex To Issue Crypto Payment Card For Customers
• US Regulators Can’t Shut Down Bitcoin

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Cardano Will Launch An ERC20 Converter And Cross-Chain-Communication

Cardano is still successfully on schedule. IOHK CEO Hoskinson explains that the current roadmap for the hard fork on 29 July 2020 can be met and that everything is going according to plan. Cardano will launch an ERC20 converter that will allow the migration of ERC20 tokens from the Ethereum network to Cardano. Also, the interoperability with other blockchains like Ethereum or Litecoin should be extended, so that transactions from Litecoin can also be executed on Cardano. Read Full on Crypto News Flash.

David Schwartz Says Ripple Is Exploring DeFi

Ripple chief technology officer David Schwartz says the San Francisco startup is exploring whether it should offer decentralized financial (DeFi) services to its institutional partners. He hopes RippleNet can be a one-stop shop and the first choice for institutions hoping to make many different types of payments. According to Schwartz, They are looking into offering other services through RippleNet – things like loans, or maybe even if DeFi grows, offering DeFi services to institutional partners. Read Full on The Daily Hodl.

British Artist Selling Artwork On Ethereum Blockchain

British artist Terry Flaxton, a cinematic artist who has been producing work since 1970, has debuted his first tokenized work dubbed “Under Every Desert a Sea” on ethereum blockchain via digital platform MakersPlace. Each piece sold on the site has been signed and issued by the original creator, so even potential copies can’t provide the same level of authenticity as the source version. There will be 10 editions of "Under Every Desert a Sea," nine of which will be sold for 0.6 ETH each. The final edition will be auctioned. Read Full on BTCMANAGER.

Leading U.S. Coffee Manufacturer Will Use IBM's Blockchain

In a bid to increase transparency in its coffee supply chain and boost consumer confidence in its premium 1850 Colombian Coffee brand, J.M. Smucker has integrated IBM’s Food Trust distributed ledger technology (DLT) solution into its processes. Consumers can now trace their coffee back to its region of origin to help increase traceability, efficiency and fairness in the coffee supply chain. The initiative will also enable coffee drinkers to be able to reward coffee farmers for their hard work. Read Full on BTCMANAGER.

PayPal Reportedly Partners Paxos To Manage Crypto Supply for New Services

Fintech company PayPal has chosen Paxos, which plans to bring crypto trading to its large-scale user base, to handle the supply of a new service of digital assets, according to sources. PayPal and its Venmo subsidiary would be bringing direct buying and selling of crypto to some portion of the company’s 325 million user. The new Paxos brokerage, an API-based solution to make crypto services easier for businesses, allows crypto buying, selling, holding and sending capabilities – handling all regulatory compliance aspects. Read Full on CoinDesk.

Mastercard Allow Wirex To Issue Crypto Payment Card For Customers

One of the world’s largest payments processor Mastercard said regulated by the U.K.'s Financial Conduct Authority (FCA), Wirex has been the first native crypto company to be able to directly issue payment cards to its customers. Wirex offers a payment facility that automatically exchanges crypto into fiat currencies. Users will also benefit from Wirex’s Cryptoback™ rewards program, which automatically gives customers up to 1.5% back in Bitcoin for every purchase made in-store. Read Full on CoinDesk.

US Regulators Can’t Shut Down Bitcoin

Barry Silbert, CEO of cryptocurrency investment firm Grayscale Investments and Digital Currency Group, stated that the United States is past the point of no return for banning Bitcoin in a Grayscale investor call. There's enough support in DC from policy makers and regulators that Bitcoin has a right to exist and ultimately US regulators can't shut it down. The CEO said relationships with regulators are much better off due to the effort made by groups. Read Full on cointelegraph.