📮 15-04-2020

📈MarketCap:                  $192  B

📊24h Mcap %:                  -3.94%

⚠️Bitcoin Dom:                 64.00%

📌Active Coins:                 2,982

📍24h Vol %:                     -7.19%

💲24h Vol:                         $111 B  

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1. Baidu's Video Streaming Giant iQiyi Adopts Blockchain

One of the world's largest video platforms, iQiyi, owned by the Chinese tech giant, Baidu, has integrated distributed ledger technology (DLT) into its processes to increase the buffering speeds of its videos, reduce energy consumption and congestion and ultimately offer its users the best experience possible. iQiyi, has inked a strategic partnership deal with New Kind of Network (NKN). The deal will enable iQiyi to Boost the Performance using NKN’s peer to peer network connectivity protocol powered by blockchain. Read Full on CoinDesk.

2. Crypto Exchange Traffic in Russia Rises by Over 5%

Amid the global COVID-19 pandemic and rising unemployment, more and more people around the world are apparently turning to crypto, Russia being no exception. According to data by cybersecurity firm Qrator Labs, people in Russia have become increasingly engaged with crypto exchange services amid the ongoing coronavirus outbreak. Specifically, traffic on crypto exchanges in Russia surged 5.56% in the last week of March 2020 in comparison to February averages, a study by Qrator Labs reportedly said. Read Full on Cointelegraph.

3. Daily Dogecoin Transactions Have Risen Upto 35%

Dogecoin saw a significant increase in daily transactions through March and April, on-chain metrics say. For some strange reason, there’s been an increase in people using DOGE amid this global crisis. On Feb. 20, DOGE had some 24,000 daily transactions. That number has risen to 32,400 daily transactions as of April 12. That’s an increase of 35%. Despite being a meme coin, DOGE is also quite secure. A study last year found that DOGE is the third most-resistant cryptocurrency to a potential 51% attack. Read Full on BeInCrypto.

4. Report: Western Union Testing Ripple for Cross-Border Payments

Western Union, one of the world’s most recognized money transfer services, has piloted Ripple’s distributed ledger technology and to use it for its remittance services. According to a 2020 research report from Credit Suisse, the money transfer giant is exploring whether the technology can boost the speed and lower the cost of international payments. Researchers say Western Union is “testing and considering use of Ripple (XRP) for cross-border payments” despite the fact that the company was “initially less bullish” on the technology. Read Full on The Daily Hodl.

5. Bitcoin Halving Is Now Less Than One Month Away

Bitcoin (BTC) halving is now less than one month away. The current estimate is that the halvening will occur on May 12, which is roughly 29 days from now, although this could vary by plus or minus one day depending on the BTC hash rate. This event is highly anticipated, since it will drastically reduce the market supply of Bitcoins and reduce selling pressure on the market. The block reward will drop from 12.5 Bitcoins to 6.25 Bitcoins. Read Full on Crypto.IQ.

6. Algorand Announces 250 million ALGO to Foster ‘Borderless Economy’

The Algorand Foundation announced a 250 million ALGO grants program to foster development on the Algorand blockchain. The funds will be allocated to qualified investors across four major categories: innovative research, development tools for the Algorand blockchain, use cases for decentralized applications (Dapps) and education and community initiatives. Fangfang Chen, Algorand Foundation’s head of operations emphasizes that the grants are intended to bring Foundation’s vision of a “borderless economy”. Read Full on cointelegraph.

7. Decision To Ban The Stablecoins Could Be On The Horizon

The Financial Stability Board (FSB) outlined ten recommendations to central banks for regulating stablecoins, including outright prohibition. The FSB is an international entity that provides suggestions on the global financial system. It comprises central banks and finance ministries from major G20 economies. The recommendations are to be presented before an audience of G20 countries, and reference major stablecoins, including USDT, USDC, TUSD, PAX, and DAI. Given the market’s heavy reliance on stablecoin, a ban could mean disaster for the broader cryptocurrency market. Read Full on Crypto Briefing.

8. Report: China’s Digital Yuan to be Tested in Four Cities

Screenshots of a purported pilot version of a wallet app for China’s forthcoming digital yuan are circulating on social media. Ling Zhang, executive director of M&A, Global Fiat, at cryptocurrency exchange Binance first shared the images on April 14, later retweeted by the exchange’s CEO, Changpeng Zhao. According to Ling Zhang, the app is available for download in four cities selected for the initial trial — Shenzhen, Chengdu, Suzhou and Xiongan. Read Full on Cointelegraph.

9. Cardano Tops All Crypto Assets in Developer Activity

Cardano developers continues to impress on with project development at an impressive rate. Recently released data by CryptoDiffer shows the average daily development activity on Github over the last thirty days. This metric refers to the number of open-source uploads on the Github platform. Meaning it’s a valid indication of who is actively working towards roadmap goals. Topping the list is Cardano with 383 open-source commits to the development platform since mid-March. Read Full on twitter.