One Stop Cryptocurrency News Cast For Today ?
Bitcoin and Cryptocurrency News Cast

One Stop Cryptocurrency News Cast For Today ?


📮20-02-2020  

📈MarketCap:                  $282 B  

📊24h Mcap %:                 -5.37%  

⚠️Bitcoin Dom:                 62.2%  

📌Active Coins:                2,468  

📍24h Vol %:                  -9.93%  

💲24h Vol:                    $119 B  

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1. Price Analysis Feb 19: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Numerous cryptocurrencies are attempting to resume their uptrend, which shows that the sentiment amongst traders remains bullish. The price of Bitcoin is back above $10,000 and the bulls are likely to attempt a breakout of the overhead resistance at $10,360.89. Ether (ETH) rebounded sharply from the critical support at $235.70, which shows that bulls bought the dips aggressively. XRP has bounced off the support at $0.26362 but it is struggling to pick up momentum. Read Full on Cointelegraph

2. World's 10th Largest Crypto Tezos Rises 1,000% in One Year

In the last year, most cryptocurrencies have witnessed a strong recovery, with gains of well over 100% seen by most cryptocurrencies during this time. However, Tezos (XTZ) is the only large-cap cryptocurrency to achieve more than 1,000% growth during this time. This growth saw Tezos leap its way up the cryptocurrency rankings, climbing from 22nd place in December 2018 up to 10th place as of today. Its market capitalization has now swelled to more than $2.5 billion. Read Full on Decrypt

3. Cardano to Release New Ouroborous BFT Protocol

Cardano (ADA) team is ready to update its main algorithm, Ouroboros Classic, to Ouroboros Byzantine Fault Tolerance (OBFT) which will be released on February 20, 2020. This protocol update, or hard fork, acts as a bridge between Ouroboros Classic, which is currently being used on the Byron mainnet, to Ouroboros Genesis, which is what will power the Shelley era. According to the official statement, the system performance (transactions per second, TPS) will be improved as well as blockchain adaptability and portability. Read Full on U.Today  

4. Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana. The parties hope the accelerator will become a “torch-bearer” for future accelerators nationwide. The new “T-Block Accelerator” is aimed at fostering blockchain startups that have identified a strong real-world use case for the technology, and to boost industry growth overall. Registration for the accelerator has been open since early February. Read Full on Cointelegraph

5. Coinbase Becomes Direct Visa Card Issuer With Principal Membership

Coinbase has now become the first crypto company to be approved as a Visa principal member. This will allow it to issue debit cards without relying on third parties. Coinbase Card currently supports 10 cryptocurrencies including bitcoin (BTC), ether (ETH), XRP and DAI, and is available in 29 markets. Through the direct integration with Visa, Coinbase promises that it will be able to provide support to more markets. Coinbase claims this is another significant milestone in the mainstream adoption of crypto as a genuine utility. Read Full on cointelegraph

6. New Bitcoin Mining Firm Opened By Peter Thiel-Backed Layer1

One of the biggest names in tech investing: Peter Thiel, the PayPal cofounder and early Facebook investor’s Bitcoin mining firm starts mining operations in West Texas on Wednesday kicking off the $50 million facility on a startup he helped fund, called Layer1. Electricity is one of the biggest costs in Bitcoin mining, and according to Layer1 CEO Alexander Liegl, “the cheapest electricity in the world, at scale, is in West Texas right now.” Read Full on fortune

7. Attorney General: Israeli Banks Should Not Deny Services to Crypto Firms

Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel's attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other illicit financial practices, Mandelblit told the Tel Aviv District Court. Mandelblit’s stance is in opposition to the view of the country’s central bank, the Bank of Israel. During 2019 number of Israeli banks froze the accounts of customers receiving transfers derived from crypto. Read Full on Cointelegraph  

8. CME Bitcoin Futures Top $1 Billion for the Third Time Ever

The demand in the Bitcoin futures market has been exploding as of late — led by optimism about the leading cryptocurrency’s prospects for 2020. With the halving event scheduled for May, interest is growing and it’s reflected in the futures market. Bitcoin futures markets have been exceptionally active lately. Yesterday, the daily volume for the CME Bitcoin futures market topped $1 billion for the third time ever. In fact, the last time CME posted over $1B in trading volume for Bitcoin futures was in May 2019. Read Full on BeInCrypto

9. Norwegian Air May Allow Customers to Pay With Crypto

Travelers on Norwegian Air, one of the largest airlines in Europe, will soon be able to pay for flights using cryptocurrency. CEO of Norwegian Block Exchange (NBX) Stig Kjos-Mathisen said his crypto trading platform had successfully developed payment infrastructure that will allow customers on Norwegian Air to purchase tickets with digital assets. NBX aims to roll out the new feature to Norwegian customers sometime later this year, and possibly as early as the spring. Read Full on CoinDesk

10. Coronavirus outbreak could accelerate China's digital currency issuance

Efforts to combat the coronavirus could accelerate the Chinese central bank's plans to issue a digital currency, according to a former president of the People's Bank of China. Lihui Li argued that a digital currency's efficiency, cost-effectiveness, and convenience make it especially desirable during an epidemic. However, Li also noted that the adoption of any central bank-backed digital currency still partially depends on demand from the retail market in China, which is currently dominated by Alipay and WeChat Pay. Read Full on The Block.


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