Cryptocurrency News Cast 📮 05-09-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $331 B
📊24h Mcap %: -2.19%
⚠️Bitcoin Dom: 57.60%
📌Active Coins: 3,909
📍24h Vol %: -2.89%
💲24h Vol: $160 B

Cryptocurrency News Updates :

• Bitcoin Now Rank 6th Among Ten Largest World Currencies
• US Air Force To Use Blockchain Tech For Flight Battle Systems
• Justin Sun Wants To Launch Wrapped Version of BTC on TRON
• Major Singapore Exchange Uses Blockchain To Issue Digital Bond
• Alameda Research Firm Minted 70% Wrapped Bitcoin In August

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Bitcoin Now Rank 6th Among Ten Largest World Currencies

Bitcoin now rank 6th among the ten largest world currencies. The USD, EUR, CNY, JPY, and INR are the only world currencies with a larger money supply than BTC. BTC’s market cap skyrocketed to reach more than $200 billion. There are now $1.95 trillion worth of Federal Reserve currency in circulation, 1.38 trillion worth in Euro, $1.15 trillion in Chinese Yuan, 106 trillion in Japanese yen and 31 trillion in Indian rupee. Whereas BTC currently has 18.48 million units in circulation in the world. Read Full on Decrypt.

US Air Force To Use Blockchain Tech For Flight Battle Systems

The U.S. Air Force’s (USAF) continuing series of blockchain investments is entering the space of battle management systems using the technology. Raytheon BBN Technologies said in a statement this week that it won a $495,039 contract titled: “Characterizing the applicability and relevance of DLT (Distributed Ledger Technology) in Air C2” (CARDIAC) from the Air Force Research Laboratory (AFRL). Raytheon scientists and researchers will consider how blockchain can benefit a commander’s ability to keep their eyes on the skies and their pilots safe. Read Full on btcmanager.

Justin Sun Wants To Launch Wrapped Version of BTC on TRON

The Founder and CEO of Tron (TRX), Justin Sun, has hinted that the Tron Foundation is ready to launch a wrapped version of Bitcoin on the Tron network. Mr. Sun was responding to a tweet asking him to transfer some of the TRX bullish energy to Bitcoin. Such a move would bring Bitcoin’s value to Tron’s DeFi ecosystem. Furthermore, it would capitalize on the efficiency of the Tron network which is cheap and fast speeds. At the time of writing and according to TronScan, the Tron network can handle a maximum of 748 transactions per second. Read Full on ethereumworldnews.

Major Singapore Exchange Uses Blockchain To Issue Digital Bond

Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology. SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.5-year public bond issuance for major local food and agri-business company, Olam International. According to SGX, the latest pilot of the new blockchain-enabled platform demonstrated major efficiencies like the elimination of settlement risks and reduction of settlement time from five days to two days. Read Full on cointelegraph.

Alameda Research Firm Minted 70% Wrapped Bitcoin In August

As the decentralized finance (DeFi) craze continues, growth in the supply of bitcoin’s tokenized on Ethereum is keeping pace, with one company – Alameda Research – gobbling up nearly 70% of wrapped bitcoin (WBTC) minted in August. Alameda’s accumulation of 14,654 WBTC last month came after the quantitative trading firm lobbied in July for an increase in the amount of collateral placed to earn interest on the Compound platform from 0% to 40%. Notably, the firm had not minted WBTC prior to August. Read Full on CoinDesk.