Cryptocurrency News Cast đŽ 25-07-2020
Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
đMarketCap: $290 B
đ24h Mcap %: 1.54 %
â ď¸Bitcoin Dom: 60.90%
đActive Coins: 3,383
đ24h Vol %: 0.29%
đ˛24h Vol: $64 B
Cryptocurrency News Updates :
- CME's Bitcoin Futures Open Interest Rises By 30%
- Bank of Lithuania Released Blockchain Based âLBCOINâ
- Travala.Comâs Native Token AVA Will Be Added To Swipe Visa Card
- 4 Million Eth Are Now Locked In Decentralized Finance
- South Korea Proposes 20% Tax Rate On Crypto Trading
- ESPN Launching Crypto Payment Enabled Online Gaming Platform
- Bitcoin Wallets Holding 1K BTC Has Grown 9 Months High
- Bitcoin Considered As Money Under D.C. Law
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CME's Bitcoin Futures Open Interest Rises By 30%
According to a recent tweet from analytics company Skew, the Chicago-headquartered CME Group has shown rise in open interest (OI) in its Bitcoin futures product. Bitcoin futures OI on CME has gone higher, by now gaining 30% in a week. CME is a regulated trading platform, so a spike in OI in BTC futures is indicative of institutional investors interest growing stronger in Bitcoin derivatives. Today, according to the analytics team, open interest for BTC futures on this platform reached the mark slightly below $500 mln. Read Full on U.Today.
Bank of Lithuania Released Blockchain Based âLBCOINâ
The Bank of Lithuania has officially released its NEM blockchain-based collector token dubbed âLBCOINâ. The launch commemorates Lithuaniaâs Act of Independence of 1918. LBCOIN consists of six digital tokens and one physical collector coin. Released on Thursday, the coin has become what the bank calls the âfirst digital coinâ issued by a central bank in the European region. It issued 24,000 digital tokens and 4000 silver collector coins, with a total of 4000 LBCOINs. Read Full on Bank Of Lithuania.
Travala.Comâs Native Token AVA Will Be Added To Swipe Visa Card
At a time of unprecedented upheaval in the global tourism industry, blockchain-based travel booking service Travala and Swipe aim to boost cryptoâs useability. Travalaâs native token AVA will now be added to the Swipe wallet service and Visa card platform â reportedly making it spendable at 60 million merchants. In addition to AVAâs integration into the Swipe platform, Swipeâs native token SXP will be added to Travala.com as a preferred payment option for bookings at over 2 million hotels across 230 countries. Read Full on cointelegraph.
4 Million Eth Are Now Locked In Decentralized Finance
4 million eth about 4% of ethereumâs total supply which is worth about one billion dollars at the current fluctuating price of $275 is now locked in decentralized finance (defi), the highest level ever. In total about $3.5 billion worth of assets are now locked in defi, rising by about $1 billion a week. Locked assets have grown by some 4x since May, in just 2-3 months. The reason is because of the incentives granted to use the defi dapps through tokens giveaways to create a new business model of token holders governance. Read Full on Trustnodes.
South Korea Proposes 20% Tax Rate On Crypto Trading
South Korean government has proposed that 20% tax rate for income generated from crypto trading. If crypto trading profits above 2.5 million KRW (~$2,000) then 2% extra tax will be pay. If proposal is approved by Korea's National Assembly, the tax rule will come into force in October 2021.The new tax rule will also apply to non-residents and foreign companies who trade on Korean exchanges. Traders will be obliged to file with the National Tax Service at the end of the tax year on May 31. Read Full on CoinDesk.
ESPN Launching Crypto Payment Enabled Online Gaming Platform
ESPN Global has recently developed an online gaming platform with blockchain technology. The E-Sports Programming Networkâs gaming environment will allow users to compete with each other in a variety of game battles and tournaments. ESPNâs new gaming environment is in a pre-launch phase. When finally active it will allow players to make deposits and withdrawals using Bitcoin, plus a number of other cryptos by using platform CryptoPay to make the whole payment system a lot more secure, fast, and simplified. Read Full on CryptoPotato.
Bitcoin Wallets Holding 1K BTC Has Grown 9 Months High
Analytics data provider Glassnode has shared data that the number of Bitcoin wallets holding more than 1,000 BTC ($9,584,670) for their owners has spiked to a 9-months high of 2,170. The growth from the previous high of 2,168 wallets has taken place in less than one day. This could mean that either two more investors have got themselves more BTC and became Bitcoin whales. Or, perhaps, just the already existing Bitcoin holders have split their BTC stash between several addresses. Read Full on Twitter.
Bitcoin Considered As Money Under D.C. Law
The virtual currency known as Bitcoin is a form of âmoneyâ covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. The ruling came about after attorneys for Larry Dean Harmon, the operator of an underground Bitcoin trading platform requested that charges on him be dismissed. Money commonly means a medium of exchange, method of payment, or store of value⌠Bitcoin is these things,â Chief Judge Beryl A. Howell wrote. Read Full on bloomberg.