Cryptocurrency News Cast 📮 31-07-2020
Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $334 B
📊24h Mcap %: 6.10 %
⚠️Bitcoin Dom: 62.40%
📌Active Coins: 3,430
📍24h Vol %: 1.20%
💲24h Vol: $88 B
Cryptocurrency News Updates :
- Ethereum Celebrates Its Fifth Birthday
- Brave Enables Japanese Users of BitFlyer to Earn BAT
- Galaxy Digital’s Founder Predicts Bitcoin at $14,000 by October
- 18,000 Wallet Users Now Hold $1 Million in Bitcoin
- Fidelity Explained Bitcoin as an Aspirational Store of Value System
- US GDP Takes Historic Hit In Q2 As Bitcoin, Crypto Markets Rise
- XRP Holding Accounts More Than 1 Million Has Risen By 3.7% With 30 New Whales
- Coinbase Launched Rewards Program For Customers Holding Dai
- Centric Cash ($CNS) Gets Listed On Five More Crypto Exchanges
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Ethereum Celebrates Its Fifth Birthday
Five years ago, Ethereum’s genesis block was mined into existence on July 30, 2015. In only 7 months, Ether went on to become the second-biggest crypto that firmly holds onto this spot up to this day. Co-founder of Ether, Vitalik Buterin mentioned that getting Ethereum 2.0 done would be “really important”. The proof-of-stake upgrade, which is now expected to go live in 2020. He expects Ether to make great advances when it comes to mainstream adoption, becoming a regular part of people’s lives. Read Full on U.Today.
Brave Enables Japanese Users of BitFlyer to Earn BAT
Major Japanese cryptocurrency exchange BitFlyer partnered with Brave Software International SEZC, the maker of the crypto-enabled browser Brave. Within the partnership, the firms co-developed a crypto asset wallet in the Brave browser that allows Japanese users to receive Basic Attention Token (BAT) for watching Brave ads. Japanese Brave users will also be able to purchase or sell BAT on BitFlyer as well as tip BAT to publishers and content creators. Read Full on cointelegraph.
Galaxy Digital’s Founder Predicts Bitcoin at $14,000 by October
Galaxy Digital’s founder & CEO, Michael Novogratz predict that Bitcoin could hit $14,000 this year. However, this is less of a technical forecast and more of a fundamental prediction. As the traditional finance system continues to struggle through inflation, Novogratz is stating that the result will lead Bitcoin to hit new highs. Precisely $14,000 in the next three months and go up to $20,000 by the end of the year. If Bitcoin follows through, this would mean that prices could rise by almost 27% from current price. Read Full on ZyCrypto.
18,000 Wallet Users Now Hold $1 Million in Bitcoin
With the recent bullish rally in the world’s flagship cryptocurrency market, some global investors have grown richer within the past few weeks. As of now, there are 18,000 BTC millionaires, or addresses containing greater than $1 million value of BTC according to Glassnode. As transaction numbers in BTCs market keep hitting record highs, the number of dollars that buyers invested in $BTC just made a new all-time high. This suggests investors are raising their stakes in the Crypto market. Read Full on Twitter.
Fidelity Explained Bitcoin as an Aspirational Store of Value System
Bitcoin meets all the main criteria of a store of value but has not yet officially acquired this status, said researchers at Fidelity Digital Assets in a thesis paper yesterday. Titled “Bitcoin Investment Thesis: An Aspirational Store of Value,” the paper argued that Bitcoin is capable of becoming an “insurance policy” that may provide protection against various consequences of contemporary monetary practices. One reason why Bitcoin might become a store of value is its “unforgeable digital scarcity,” noted Fidelity. Read Full on Twitter.
US GDP Takes Historic Hit In Q2 As Bitcoin, Crypto Markets Rise
US GDP dropped an epic 32.9% in Q2, sharply contrasting with a crypto market that grew over the same timeframe. The news come from US Department of Commerce that 1.4 million new joblessness in US now. While, crypto saw a surge of growth between Q1 and Q2, as per data of crypto research firm Messari. For example, Bitcoin nearly doubled its market cap over the course of Q2, growing from $118 billion to its current $204 billion valuation. Read Full on Decrypt.
XRP Holding Accounts More Than 1 Million Has Risen By 3.7% With 30 New Whales
The number of accounts holding more than 1 million XRP has increased by 3.7% with 30 new whales appearing over the last two weeks, according to Santiment’s holder distribution chart. These investors now hold between $240,000 and $2.4 million in XRP each, which has contributed to upwards pressure on price. After a fairly uninspiring few months, XRP has seen a price rise of over 30% from $0.19 to $0.25 in a fortnight. At least 30 big investors with deep pockets believe the price rise is set to continue. Read Full on cointelegraph.
Coinbase Launched Rewards Program For Customers Holding Dai
U.S.-based crypto exchange Coinbase has launched a rewards program for customers holding the Dai stablecoin from popular DeFi project Maker. Coinbase said that users holding more than 1 Dai will see returns at 2% annual percentage yield (APY). The program applies to customers residing in the U.S., U.K., The Netherlands, Spain, France and Australia. Rewards are to be distributed within the first five business days of receiving Dai in a Coinbase account and will be handed out daily after the first payout. Read Full on CoinDesk.
Centric Cash ($CNS) Gets Listed On Five More Crypto Exchanges
Centric, the world's first dual-cryptocurrency payment network that offers store of value and stable medium of exchange, and is composed of two distinct tokens centric rise and centric cash has announced that Its second token Centric Cash ($CNS), has been listed on six Crypto Exchange Bithumb, Probit, Cointiger, IKOS and Centric Swap. Centric Cash ($CNS) that is pegged to platform's first token Centric Rise, is designed to increase in price hourly and also incentivizes its users. Read Full on Centric.