📮05-03-2020
📈MarketCap: $261B
📊24h Mcap %: 4.32%
⚠️Bitcoin Dom: 63.7%
📌Active Coins: 2853
📍24h Vol %: 0.65%
💲24h Vol: $136B
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1. EY Announced Enterprise-Targeted protocol built on Ethereum
EY and ConsenSys announced the formation of the Baseline Protocol, a project aimed at enterprises. The new protocol will allow enterprises to access decentralized finance (DeFi) services built on the Ethereum blockchain to deliver secure and private business processes at low cost. The project has garnered support from 12 other companies and organizations, including Microsoft, AMD, ChainLink, and MakerDAO. Read Full on The Block.
2. Margin Crypto Trading Launched on Binance DEX
Binance DEX announced that leveraged tokens designed by the FTX Exchange platform will be available against Binance Coins (BNB) as well as against the BUSD stablecoin. Eight trading pairs with leveraged tokens based on Bitcoin (BTC), Ethereum (ETH), EOS (EOS) and XRP are to be launched on Binance DEX. The first 'bear' and 'bull' contracts will be set against the Binance Coin (BNB), followed by BUSD-settled contracts. Read Full on binance.
3. PwC Legal Leader: Cardano is a 'Huge Part' of the Decentralized Future
The legal leader at Big Four auditor PwC, Gunther Dobrauz, recently praised the people responsible for Cardano’s (ADA) development. Gunther Dobrauz claimed that he has long been saying that decentralization is the future and believes blockchain technology to be transformative. Furthermore, he added that the Cardano Foundation and the team surrounding IOHK CEO and founder Charles Hoskinson are doing an amazing job and are a huge part of this future. Read Full on Cointelegraph.
4. Binance P2P Adds Nigerian Fiat Currency, Naira
As part of ongoing fiat-to-crypto expansion, major cryptocurrency Binance is adding support for the Nigerian Naira (NGN) on its peer-to-peer (P2P) platform. Binance P2P, a consumer-to-consumer business arm of Binance exchange, is rolling out support for the first African fiat currency on its platform. Binance P2P users can trade major cryptocurrencies such as Bitcoin, Ether (ETH) and major stablecoin Tether (USDT) using NGN with zero transaction fees starting from March 4. Read Full on Cointelegraph.
5. Report: 42% of Bitcoin Hasn’t Moved in 2 Years
Coinmetrics recently published a cryptocurrency valuation report. In this report they used UTXO age analysis as a valuation metric. A bitcoin UTXO represents the unspent funds stemming from bitcoin transactions. As per report, as of March 1, 2020, roughly 42% of all BTC has not moved onchain in more than two years. The metric is the largest number since June 2017 and the study notes that “HODL waves” have grown larger. Read Full on coinmetrics.
6. Morpher Platform Lets You To Invest into Bitcoin, Stock and Gold Using Crypto
Morpher is a new trading platform built on the Ethereum blockchain, backed by Tim Draper, platform allows you to trade stocks, commodities, futures, FX, and crypto, all from one account using an ERC-20 token. Morpher provides an unique opportunity for traders to trade 24/7 with zero fee & infinite liquidity. Morpher also uses a smart contract protocol that entirely replaces any middlemen & counterparties. Join Morpher now and get a chance to win 2,000 Free Tokens to get started. Read Full on morpher.
7. Bitcoin Hash Rate Passes Record 150 Quintillion
Bitcoin (BTC) miners have set a fresh all-time high in terms of computing power they are willing to dedicate to validating transactions. On March 5, the Bitcoin network hash rate may have passed 150 quintillion hashes per second (h/s) for the first time ever. On Thursday, the metric hit 157 quintillion h/s its best performance in history. Hash rate is key to ensuring the security of the Bitcoin network, and also acts as an indication of its profitability for miners who validate the blockchain. Read Full on Cointelegraph.
8. BitGo Launches Institutional Crypto Lending Service
BitGo, a crypto firm that claims to handle over 20% of all Bitcoin transactions, is launching an institutional-level crypto lending. Nick Carmi, the head of financial services at BitGo, emphasized that the new crypto lending product was developed with the goal of creating a lending business that is similar to lending services in the traditional financial markets. Carmi also noted that BitGo’s institutional lending service can support over 15 different currencies including crypto such as Bitcoin (BTC) and Ether (ETH). Read Full on Cointelegraph.
