Cryptocurrency News Cast 📮 12-09-2020
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24hours Cryptocurrency Market Cap:
📈MarketCap: $338 B
📊24h Mcap %: 0.46%
⚠️Bitcoin Dom: 56.30%
📌Active Coins: 3,909
📍24h Vol %: -39.79%
💲24h Vol: $246 B
Cryptocurrency News Updates :
- Bitcoin Ads Gets Featured Across Hong Kong
- DeFi Will Grow 100X In The Next Five Years Than Bitcoin
- Bitcoin On Chain Volume Hits 1 Year High
- Bitcoin Miners Made $368 Million In Revenue Last Month
- Total Hash Rate Of Bitcoin Network Hits New All-Time High
- South Korea May Use Blockchain Voting Platform
- Number Of Bitcoin Addresses Holding $1 Million Worth Of BTC Reached 17,000
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Bitcoin Ads Gets Featured Across Hong Kong
This September, you will notice double-decker trams in full Bitcoin livery cruising east and west the tracks on Hong Kong Island. The educational campaign is an initiative from the Hong Kong BTC community coordinated by the Bitcoin Association of Hong Kong. Campaign has the goal of matter-of-factly discuss the risks and merits of BTC, especially in the context of ongoing financial and economic changes. Bitcoin ads will also featured on billboards near various bank headquarters, such as the HSBC, Standard Chartered. Read Full on Decrypt.
DeFi Will Grow 100X In The Next Five Years Than Bitcoin
Dan Morehead, CEO and founder at investment firm Pantera Capital, is convinced that DeFi will outperform Bitcoin in the next five years. According to the fund manager, Bitcoin has already established itself as digital gold and an effective store of wealth. On the other hand, DeFi is still at its infancy and largely undervalued considering its potential to disrupt the traditional financial sector. He said, It's much more likely that the entire DeFi space goes up a 100x over the next five years than Bitcoin. Read Full on cointelegraph.
Bitcoin On Chain Volume Hits 1 Year High
Bitcoin’s on-chain transfer volume grew considerably over the past month, ultimately hitting a 1-year high of 3.2 million BTC on September 9. At the same time, visible on-chain exchange activity has been dropping; only 3.6% or 115,000 BTC were transacted via trading platforms on the day. Most on-chain activity is registered on centralized exchanges when users deposit or withdraw funds. Thus, this trend may actually indicate that users are choosing to move their assets back and forth less often. Read Full on cointelegraph.
Bitcoin Miners Made $368 Million In Revenue Last Month
Bitcoin miners made $368.3 million in revenue last month, signifying a 23.19% month-over-month increase. Bitcoin’s transaction fees grew from roughly 8.5% in July to 10.7% in August. On the contrary, Ethereum miners generated $285.1 million in revenue last month, marking a 98.2% month-over-month increase the highest in 25 months. In June, bitcoin miners generated $281.6 million in revenue. The block reward halving in May cut the per block subsidy from 12.5 BTC to 6.25 BTC, resulting in a 15-month low for revenue. Read Full on The Block.
Total Hash Rate Of Bitcoin Network Hits New All-Time High
The hash rate of the Bitcoin (BTC) network has reached new all-time highs. The number of terahashes per second on the Bitcoin network has reached 131.707 million taking into account a 7-day average, based on data of Blockchain.com. This shows that the entire crypto market is bullish about the future of the most popular virtual currency. At the same time, with the mining hash rate, users can have a better idea of how secure the Bitcoin network is. Read Full on UseTheBitcoin.
South Korea May Use Blockchain Voting Platform
Cho Eun-hee, the head of the Seocho regional government proposed a blockchain-powered voting platform for residents across the country. The official from Seocho called on the country to take on a greater role in our “rapidly changing modern society” in the wake of the coronavirus pandemic, referring to recent decentralized innovations as the “4th industrial revolution.” If his proposal becomes a reality, it would be the 1st blockchain platform in the country that would allow citizens to decide on local political affairs. Read Full on cointelegraph.
Number Of Bitcoin Addresses Holding $1 Million Worth Of BTC Reached 17,000
According to data from BitInfoCharts, there are currently 17,005 Bitcoin addresses with a balance of $1 million or above. There are around 158,545 addresses containing more than $100,000 worth of Bitcoin and 869,463 containing at least $10,000 worth. Overall, of the 16 million addresses tracked by BitInfoCharts, just 0.11% can be considered millionaires at today's rates. Around one in every 6.5 of Bitcoin millionaires actually hold more than $10 million worth of Bitcoin, while there are just 104 addresses containing more than $100 million in BTC. Read Full on Decrypt.