Cryptocurrency News Cast 📮 18-09-2020

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24hours Cryptocurrency Market Cap:

📈MarketCap: $353 B
📊24h Mcap %: 2.56%
⚠️Bitcoin Dom: 57.10%
📌Active Coins: 3,910
📍24h Vol %: -14.46%
💲24h Vol: $125 B

Cryptocurrency News Updates :

• Wirex Launched Multi-Currency Crypto Card Supported By Mastercard
• Ethereum Hashrate Spiked To Highest Level For The First Time Since 2018
• Favourite Cryptocurrency Of Indian Investors Is Bitcoin
• Report: The Largest Patent Holder In Blockchain Will Be Alibaba By The End Of 2020
• Ethereum's Daily Transaction Hits New All-Time High
• Vechain Joined Chinese Food Safety Group To Offer Technical And Infrastructure Support
• Number Of Bitcoin Young Investment Wallets Hit Highest Since 2018
• Fed’s Interest Rate Plan Will Accelerate Investors To Invest In Bitcoin

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Wirex Launched Multi-Currency Crypto Card Supported By Mastercard

Wirex became the first crypto platform to receive a Mastercard principal membership and plans to release a multi-currency crypto card. Wirex is a London-based crypto payment processor and is regulated by the U.K.’s Financial Conduct Authority, with a license to issue crypto cards in Europe. The multi-currency Wirex Card will be supported by Mastercard and linked to 19 crypto and fiat currency accounts in the Wirex app. Wirex is upgrading its existing “Cryptoback” rewards program, from now on rewards will be up to 2% online and in-store, with up to 6% rewards on customers’ native Wirex Token balance annually. Read Full on cointelegraph.

Ethereum Hashrate Spiked To Highest Level For The First Time Since 2018

Ethereum’s hashrate has spike upwards for the first time in more than two years, reaching nearly 250 terahashes a second. That’s the highest level it has reached since it neared 300 TH/s in August 2018, with it only downwards or stagnating since, until it began spiking in July. The rise in Ethereum price most likely has contributed to this return in confidence towards Ethereum mining. According to CoinMarketCap, Ethereum price is now at $379.80 at the time of writing. Read Full on Trustnodes.

Favourite Cryptocurrency Of Indian Investors Is Bitcoin

Indians have a clear favourite when it comes to crypto. The world’s largest virtual currency by market capitalisation—Bitcoin (BTC)—is the most traded crypto in India. Since March when the ban on crypto was revoked, Bitcoin accounted for 20% of the total traded volumes on WazirX, one of the popular crypto exchanges in India. Over last 6 months, BTC worth $184 million were traded on WazirX’s platform. On CoinDCX, another popular crypto exchange, around 78% of the Indian users trade Bitcoin since April this year. Read Full on QUARTZ INDIA.

Report: The Largest Patent Holder In Blockchain Will Be Alibaba By The End Of 2020

Alibaba is on track to supersede U.S. computer giant IBM by becoming the single-largest holder of blockchain-related patents. A report from intellectual property consultancy KISSPatent Thursday found the Chinese tech conglomerate was "definitely running the show," having already published ten times more blockchain patents than IBM, its nearest rival. Should Alibaba continue at its current pace, the study predicted it would become the biggest patent holder in blockchain by the end of 2020. Read Full on CoinDesk.

Ethereum's Daily Transaction Hits New All-Time High

The number of daily transactions on the Ethereum network reached a new all-time high of 1.4 million on Sept. 17, Etherscan data shows. Remarkably enough, the previous high of 1.34 mln was recorded at the peak of the initial coin offering (ICO) frenzy on Jan. 4, 2018. During the 2018 bear market, the network activity gradually started to wane, bottoming at 381,151 transactions on Feb. 10, 2019. Decentralized finance eventually became the next big thing for Ethereum, with $9.25 billion of the total value locked in various DeFi applications. Read Full on U.Today.

Vechain Joined Chinese Food Safety Group To Offer Technical And Infrastructure Support

The VeChain Foundation has joined the China Animal Health And Food Safety Alliance (CAFA) as a council member. VeChain is “the sole public blockchain technology provider in the alliance” and will offer technical and infrastructure support. There are more than 130 firms in the alliance, including Chinese subsidiaries of Starbucks, McDonald’s, and Walmart. VeChain stated it intends to use its ToolChain platform to assist the CAFA in “building a from-farm-to-table traceability system” across China by building upon the existing Food Trust system. Read Full on medium.

Number Of Bitcoin Young Investment Wallets Hit Highest Since 2018

New investors are entering the Bitcoin market at a faster pace and possibly creating upward pressure on prices. According to data from blockchain analysts firm Chainalysis, the number of “young investment” wallets (those that are 1-3 months old and rarely send BTC) has jumped to 2,254,667 this month, the highest level since February 2018. That's double from 1,162,632 six months ago. The number of young wallets surged from 791,289 to 2,000,000 in the second half of 2017 as Bitcoin rallied by $2,000 to $20,000. Read Full on CoinDesk.

Fed’s Interest Rate Plan Will Accelerate Investors To Invest In Bitcoin

The Federal Reserve said it would keep interest rates near 0% through 2023. With interest rates this low in 2020, it is possible investors will look to invest in non-interest-bearing assets—like Bitcoin. At the conclusion of a two-day policy meeting, during which the Federal Reserve Board of Governors discussed how to actualize its general strategy of letting inflation rise, the Fed said that near-zero interest rates would likely be in place through 2023 to help the US recover from the economic fallout from the coronavirus pandemic. Read Full on Decrypt.