Bitcoin and Cryptocurrency News

One Stop Cryptocurrency News Cast For April 4th 2020 ?


📮 04-04-2020

📈MarketCap:                  $191  B

📊24h Mcap %:                  0.45%

⚠️Bitcoin Dom:                 65.10%

📌Active Coins:                2,938

📍24h Vol %:                    -27.59%

💲24h Vol:                    $102 B  

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1. ShapeShift Enables US Customers to Buy Crypto With Debit Card

Switzerland-based crypto exchange, ShapeShift, has enabled its United States-based customers to buy Bitcoin (BTC) and Ethereum (ETH) with a debit card in the new exchange’s platform. ShapeShift’s founder, Eric Voorhees, announced, US, can now buy Bitcoin instantly in the new ShapeShift.com platform using debit card. ShapeShift’s new platform doesn’t require account verification to purchase cryptocurrencies, When asked about the project’s Know-Your-Customer (KYC) policy, Voorhees confirmed that KYC is not required. Read Full on Cointelegraph.

2. UnionBank Head Says Coronavirus Pandemic Could Drive Banks toward Digital Currencies

Edwin Bautista, president of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind. Bautista noted that the pandemic provoked a heightened demand in online banking services. Bautista said, the longer the disruption, the more tenuous the traditional cash supply chain becomes. Thus he expect that banks will be more open to testing, developing and deploying digital cash, and maybe even cryptocurrencies and digital tokens. Read Full on Cointelegraph.

3. Gabor Gurbacs Believes Bitcoin's Safe-Haven Status Is Not Dead

According to a new report published by VanEck's Gabor Gurbacs, Bitcoin's correlation to gold has reached 'levels never seen before' due to the COVID-19 crisis. Gurbacs states that this hints bitcoin is rising as a safe-haven asset that was called into question during the most recent sell-off. Gurbacs concluded that long-term bitcoin correlations with traditional asset classes remain low, in the short-term, the COVID-19 induced market sell-off increased bitcoin correlations with gold may potentially hinting to bitcoin’s increasing safe-haven status. Read Full on twitter.

4. Lightning Labs Introduces New Authentication Protocol for Micro Payments

Lightning Labs, one of the engineering teams dedicated to solving the scalability issues of Bitcoin (BTC) via the Lightning Network, has introduced Lightning Service Authentication Tokens (LSAT), a protocol designed to enable people to make payments on the web without necessarily submitting their personal information such as emails or credit card details. LSATs functions as both an authentication and payment mechanism, making it possible for a service or business to offer users a new tier of paid APIs that supports metered payments. Read Full on coindesk.

5. Binance Donated $2.4M in Crypto For Coronavirus Medical Supplies

Binance says it's pouring millions into the global fight against the coronavirus. CEO Changpeng Zhao said his exchange has committed at least $2.4 million in crypto to buy sorely needed COVID-19 medical supplies and plans to donate up to $2 million more through its philanthropic arm, the Binance Charity Foundation (BCF). CZ told they are donating physical supplies, masks, other medical supplies, hopefully, eventually, ventilators. He estimated Binance’s total contributions will add up to “somewhere around $5 million.” Read Full on CoinDesk.

6. Patent Application Filed by General Motor for a Blockchain-Based Navigation Map General Motor

Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles. According to the filing, which was submitted on Oct. 1, 2018 and published on April 2, 2020, existing maps are “difficult to keep dynamic without incurring large costs.”One potential reason for this is that most maps are maintained through specialized vehicles, whose reach will necessarily be limited to just a few specific sections of the world. Read Full on Cointelegraph.

7. XRP Liquidity Hits New All Time High

The XRP liquidity has finally grown strong enough and is beating its old records, reaching new all-time highs. Meanwhile, owners of anonymous wallets keep moving impressive bulks of XRP. Data from the Mexican ODL corridor, the Bitso exchange, shows that earlier today, a new all-time high was reached there as the figures of the XRP Liquidity index added more than a million, going from 21,157,313 to 22,466,988. The other two corridors in the Philippines and Australia are close to reaching new ATHs as well. Read Full on twitter.

8. BIS Researchers Say COVID-19 Could Drive Central Banks to Digital Payments

Researchers at the Bank for International Settlements (BIS) think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies (CBDC). Researcher said, COVID-19 is changing the public's relationship with cash, irrespective of whether concerns are justified or not, perceptions that cash could spread pathogens may change payment behaviour by users and firms. Countries may expand digital payment infrastructure with more online, mobile and contactless options after COVID-19. Read Full on CoinDesk.

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