📮 07-04-2020
📈MarketCap: $208 B
📊24h Mcap %: 3.39%
⚠️Bitcoin Dom: 64.40%
📌Active Coins: 2,947
📍24h Vol %: 6.49%
💲24h Vol: $157 B
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1. Hosting Crypto ATM at a Store Becoming the New Business Trend
Amid mounting concerns about data privacy, the world of cryptocurrencies is also becoming worried about threats to user privacy. Buying and selling cryptocurrency online lets the exchanges and your bank know that you own cryptocurrency. So, buying and selling crypto from ATMs with your own cash is private. Businesses are taking the advantage of that fact by attracting 20-30% more customers to buy and sell crypto by hosing an ATM at their store. According to a research firm MarketsandMarkets, the Crypto ATM market is going to rise from $16 million to a figure of $144 million in the next 3 years. Read Full on cryptomatic.
2. Deutsche Bank: Coronavirus Encourages For CBDC Developments
The ongoing coronavirus pandemic accelerates central bank digital currency (CBDC) developments, according to Deutsche Bank macro strategist Marion Laboure. Deutsche Bank cites Laboure’s claims that governments increasingly view cash handling as a potential infection risk factor. This will likely become an additional reason to push for digital currencies. China started a quarantine of its used banknotes in an attempt to stop the spread of the coronavirus and is already working towards development of its digital yuan. Read Full on twitter.
3. Bitcoin Hashrate Increases 33% in 2 Days
Bitcoin (BTC) hashrate has increased 33% in just two days making the overall security of the Bitcoin network stronger. Bitcoin hashrate has exploded from 91,290,582 TH/s on April 4 to 121,029,181 TH/s on April 6. The higher the total hashrate, the more expensive it will be for an adversary to take over the network. Historically, Bitcoin hashrate and price have exhibited a very close relationship, with a 0.77 correlation. If Bitcoin price/hashrate correlation remains constant, we can expect to see a significant price surge. Read Full on Cointelegraph.
4. Researchers Design Blockchain-Based Digital Court In Japan
A group of researchers has devised a blockchain-based mechanism to perform legal functions in a so-called “digital court”. Professors Hitoshi Matsushima from the University of Tokyo, and Shunya Noda from the University of British Columbia, have been leading the project, which aims to settle legal disputes without the need for a “costly legal process.” The University of Tokyo clarified that this would be an extension of existing ideas for smart contracts without a centralized administration. Read Full on Cointelegraph.
5. Ripple's ODL indices, XRP/MXN and XRP/AUD report ATHs
Liquidity Index among the Ripple’s ODL platform has been restored to new heights. According to the liquidity data provider, Liquidity Index Bot, out of the three functional indexes, two have reported new all-time highs. Among these were the oldest index, XRP/MXN and the newest, XRP/AUD. A new ATH was formed on 4 April, when the liquidity reached 23.147 million. Similarly, XRP/AUD too noted a fall after which the index marched onward and upward. On 4 April, XRP/AUD index noted a liquidity of 8.028 million. Read Full on AMBCrypto.
6. Ethereum Price Surging Amid The Upcoming System Upgrade 'ETH 2.0'
Ethereum (ETH) has recorded its single biggest daily gain in over 20 days amid growing confidence in a planned system-wide upgrade known as Eth 2.0 slated for July 2020. ETH is currently up 17.25 percent over a 24-hour period having lost some ground in the early Asian hours of trading. The 2.0 upgrade, often called Serenity, promises higher transaction throughput and a new security model under proof-of-stake (PoS). Eth 2.0 has been in development since 2015 but had failed to gain traction due to the highly technical expertise required to pursue it, until now. Read Full on CoinDesk.
7. Bitfinex Announces Staking Rewards for EOS, Cosmos, and More
Bitfinex today announced the launch of its Staking Rewards Program for various digital assets. At current, users can earn up to 10% per year by depositing EOS, Cosmos’ Atom, and V Systems token, VSYS. Uers will be able to lock up their digital assets and begin earning competitive yields on their holdings. The current list of available tokens is currently quite short. The yields for tokens other than V Systems’ VSYS range between 1.5% and 8%. The staked assets will also be in control of Bitfinex, and “secured in the same manner as other tokens,” reads the exchange’s release. Read Full on Crypto Briefing.
8. Tim Draper Says People Will Move Toward Bitcoin After COVID-19 Crisis
Tim Draper is convinced that 'draconian' lockdowns and money printing initiated by world governments could push people toward Bitcoin. According to Draper, The U.S. Federal Reserve decision to initiated unlimited quantitative easing to shore up the virus-hit economy is gonig to make money to be worth less, and less, and less. According to Draper, will make people question whether they want dollars or BTC. Draper expects that geographical boundaries will stop making much sense, which will spur the adoption of the frictionless cryptocurrency. Read Full on U.Today.
9. Paxful Launches Peer-to-Peer Trading Between Gold and Bitcoin
P2P cryptocurrency marketplace Paxful announced the introduction of support for trade between gold and Bitcoin (BTC) on the platform on April 7. With the announcement, Paxful now facilitates physical trading in 16 different countries. Paxful CEO and Founder Ray Youssef, who attributed the decision to support gold to “surprisingly high” customer demand. When a trade is entered, the Bitcoin will remain in Paxful’s escrow until the physical delivery of the gold is confirmed. Read Full on Cointelegraph.
