Cryptocurrency News Cast 📮 05-10-2020

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24hours Cryptocurrency Market Cap:

📈MarketCap: $343 B
📊24h Mcap %: 1.85%
⚠️Bitcoin Dom: 57.90%
📌Active Coins: 4,256
📍24h Vol %: 4.16%
💲24h Vol: $104 B

Cryptocurrency News Updates :

• Former UKIP Politician Godfrey Bloom Buys His First Bitcoin
• Bitcoin Interest Growing In Egypt Amid Economic Crisis
• ECB Says Europe Must Prepare To Launch A Digital Euro
• Binance Pours Millions Worth of BNB Into Smart Chain BUIDL Program
• The Bank of Thailand Issues $1.6B In Government Bonds On IBM Blockchain
• Coinsuper Crypto Exchange Launched New Version Of Its Website
• IOTA Releases Enterprise-Level Smart Contract Protocol Platform

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Former UKIP Politician Godfrey Bloom Buys His First Bitcoin

Former UKIP politician (the UK Independence Party) Godfrey Bloom took to Twitter to share that he made his first bitcoin purchase this week, diversifying his portfolio from the precious metals. The 70-year old has enough gold and silver that had a blast in 2020 thanks to the Federal Reserve’s monetary stimulus. Now, he is looking to get into the leading digital asset, which has been attracting a lot of big players this year as an “inflation hedge.” He further insisted that some top crypto people should teach him about crypto. Read Full on twitter

Bitcoin Interest Growing In Egypt Amid Economic Crisis

As the COVID-19 pandemic pushed the Egyptian economy into recession and unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income. Wael al-Nahhas, an economist and financial advisor to several investment institutions in Egypt, said many young Egyptians started investing in small amounts despite the increase in the value of the bitcoin. They started mining Satoshi and on a daily basis they are making profits of 4% to 5% from the difference between buying rates during the timing of demand decline and selling rates at the time of peak demand. Read Full on cointelegraph.

ECB Says Europe Must Prepare To Launch A Digital Euro

ECB board member Fabio Panetta said that the European Central Banks should be preparing to issue a digital euro. In a study published on Friday, the ECB said a digital euro could help an environment where citizens have abandoned cash, other means of payments became unavailable, or foreign forms of electronics have taken over. We should be ready to issue a digital euro if and when developments around us make it necessary,” said Panetta. Start Oct. 12, ECB has given itself until the mid of next year to decide whether to go forward with the project. Read Full on BitcoinExchangeGuide.

Binance Pours Millions Worth of BNB Into Smart Chain BUIDL Program

Binance has launched the BUIDL Reward Program in an attempt to attract greater dApp development on the Binance Smart Chain. Binance has invested $5 million worth of BNB into the project. This is part of Binance’s bigger venture — a $100 million injection into a DeFi accelerator fund. Their newest tool was created with the goal to reward developers who deploy usable dApps on the Binance Smart Chain. The rewards will be in BNB, and will be sent to the registered receiver addresses every month during the duration of the program. Read Full on BeInCrypto.

The Bank of Thailand Issues $1.6B In Government Bonds On IBM Blockchain

The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform. The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology. Within two weeks of the launch, the central bank sold more than $1.6 billion worth of savings bonds. The use of blockchain technology is said to have reduced the bond issuance time from 15 days to just two days. It has also reduced operational cost and redundant validation of documents involved in bond issuance. Read Full on cointelegraph.

Coinsuper Crypto Exchange Launched New Version Of Its Website

After half a year’s trial and adjustment, Hong Kong-based cryptocurrency exchange Coinsuper has released new version of its website. Website has brought a revolutionary shift of visual interface, trading sections, basic layout, and two core business segments, namely, the USD channel and Enterprise-Level Cold and Hot wallet Assets Management Solutions, were launched at the same time. Website has emphasized on, a large cluster of USD trading pairs, which channel crypto and USD bidirectionally and ensure the funds withdrawable from coinsuper to users’ bank accounts. Read Full on coinsuper.

IOTA Releases Enterprise-Level Smart Contract Protocol Platform

IOTA has announced the launch of the Pre-Alpha IOTA Smart Contract Protocol (ISCP) platform. IOTA Foundation stated that it hopes that the new release will demonstrate the IOTA network’s ability to deliver scalable, feeless & flexible smartcontracts for enterprise applications & real-world use cases. IOTA Co-Founder Dominik Schiener said: "We’ve rearchitected the idea of smart contracts from the ground up in a way that can support IoT devices, machines, and a host of use cases that were generally perceived to be off limits from traditional smart contracts. " Read Full on BeInCrypto.