Cryptocurrency News Cast 📮 26-09-2020

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Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $340 B
📊24h Mcap %: 0.96%
⚠️Bitcoin Dom: 58.00%
📌Active Coins: 3,910
📍24h Vol %: -10.36%
💲24h Vol: $90 B

Cryptocurrency News Updates :

• Tron Brings Wrapped Bitcoin (wBTC) To Tron Ecosystem
• Bitcoin Is Undervalued, Fair Value Price Should Be $15,000
• Mike Novogratz: Institutional Adoption Of Bitcoin Has Begun
• Samsung’s New Blockchain Pilots Will Track Medicines
• VeChain To Increase Blockchain Interoperability
• Venezuela Gets Its First Bitcoin Satellite Node
• Jack Dorsey: Bitcoin Holds The Keys To Security
• China’s BSN Teams up With Tezos For Its International Portal
• China State Media Calls Crypto 2020's Best Performing Asset

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Tron Brings Wrapped Bitcoin (wBTC) To Tron Ecosystem

Tron, the blockchain launched in 2017 by Justin Sun, has entered a strategic alliance with custody specialists BitGo. The partnership will bring BitGo’s wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token. The introduction of WBTC – plus a newly-created wrapped ether token from BitGo – is meant to help fuel the incipient decentralized finance (DeFi) ecosystem on Tron. WBTC has been a key driver in the growth of DeFi on Ethereum. Tron founder Sun said the move will help sidestep surging transaction fees on the Ethereum blockchain. Read Full on CoinDesk.

Bitcoin Is Undervalued, Fair Value Price Should Be $15,000

Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. He based his arguments on various factors, including bitcoin’s rising hashrate, which according to the latest data from charts.Bitcoin.com, BTC’s seven-day average hashrate rose past 140 exahash per second (EH/s) this week, an all time high. Meanwhile, the number of active bitcoin addresses has soared to 991,000, Glassnode data shows. Read Full on Bitcoin News.

Mike Novogratz: Institutional Adoption Of Bitcoin Has Begun

During a Benzinga Boot Camp in conjunction with BlockFi, Galaxy Digital founder Michael Novogratz told that institutional adoption of bitcoin has started. If you think you’ve heard Novogratz say “the herd is coming” before, in reference to the institutional adoption of bitcoin, you’d be correct. The only problem was that the “herd” continued to sit on the sidelines, afraid of dipping their toe into the crypto waters. This time, however, the Novogratz insisted the herd is really coming. He told "I see it, I’m getting phone calls every day." Read Full on BeInCrypto.

Samsung’s New Blockchain Pilots Will Track Medicines

Samsung SDS the IT arm of samsung group will conduct a series of pilot projects in November to test blockchain-powered medicine distribution management. The goal of these tests is to guarantee transparency in the process of tracking pharmaceutical drugs. Officials from Samsung SDS also said that they’ve received “several” participation applications for the pilots from unnamed pharmaceutical firms, distributors, and even medical institutions in South Korea. Lee Eun-young, senior researcher at Samsung SDS, stated that the pilots will last between three and six months. Read Full on cointelegraph.

VeChain To Increase Blockchain Interoperability

The VeChain Foundation has announced the integration of Coinbase's toolkit for blockchain integration, called Rosetta. The open source project aims to simplify the protocol integration process for digital wallets, exchanges and other platforms. Integrating a new blockchain is a cumbersome process that requires plenty of time and effort. Exchanges find it challenging to ensure compatibility with a plethora of new blockchains, which is why Rosetta introduced a single interoperability standard for listing new tokens. Read Full on U.Today.

Venezuela Gets Its First Bitcoin Satellite Node

Venezuela has its first Bitcoin satellite node capable of processing transactions without an internet connection. The Venezuelan "space node" was set up in the country by Anibal Garrido and the Anibal Cripto team. It uses technology from Blockstream. The node antenna, deployed in Valencia, is the first of three. The other two will be deployed in the capital city, Caracas, and Puerto Ordaz. This would be the first stage of an ambitious project that could help increase Bitcoin's usability in a country with below-average technological infrastructure. Read Full on Decrypt.

Jack Dorsey: Bitcoin Holds The Keys To Security

In a recent interview Square CEO Jack Dorsey said bitcoin and blockchain is paving the way for greater security, making trust a less crucial component. Dorsey also described blockchain and decentralization as changing the landscape of online content, hosted by numerous parties instead of centralized entities. He explained, Blockchain and Bitcoin point to a future, and point to a world, where content exists forever, where it's permanent, where it doesn't go away, where it exists forever on every single node that's connected to it. Read Full on cointelegraph.

China’s BSN Teams up With Tezos For Its International Portal

China’s government-backed blockchain project, the Blockchain Service Network (BSN), has announced the integration of the Tezos blockchain onto its international portal. Due to the integration, developers worldwide can now access the Tezos protocol using BSN’s global public city nodes and portals. According to the BSN, there are three global public city nodes that have integrated with the Tezos blockchain in both mainnet and testnet. To date, BSN’s global public city nodes include locations in Hong Kong, California, and Paris. Read Full on cointelegraph.

China State Media Calls Crypto 2020's Best Performing Asset

China Central Television (CCTV), the country's top broadcaster, published a three-minute news clip on Friday that highlighted crypto assets have soared by 70% this year so far. The report added that "cryptocurrency has undoubtedly become the top performing investment" among various global assets. Citing Bloomberg's index, CCTV said the yield of crypto asset has this year surpassed that of gold, which has risen only 20%. Read Full on CoinDesk.