📮 11-03-2020
📈MarketCap: $217 B
📊24h Mcap %: -2.16%
⚠️Bitcoin Dom: 64.8%
📌Active Coins: 2,872
📍24h Vol %: -1.59%
💲24h Vol: $125 B
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1. Coronavirus Threatens Wall Street Finance, Crypto Remains Resilient
On March 9, The US stock markets temporarily shut down after the oil market shock. However, the coronavirus epidemic poses an even higher risk for Wall Street finance. Some of the world’s largest banks, like Goldman Sachs and Bank of America are already restructuring their workforces. The crypto community however can rest sure that the spread of the coronavirus cannot significantly affect the industry as most crypto exchange and trading operations are carried out or can be moved online. Read Full on Bitcoinist.com.
2. Blockchain.com jumps into retail lending business
Crypto wallet provider Blockchain.com, which boasts of having over 46 million users, has rolled out the retail lending desk. Dubbed "Borrow," the desk allows users to borrow USD-pegged stablecoin, USD Digital, against bitcoin held in their Blockchain.com wallets. USD Digital is Blockchain.com's in-wallet stablecoin powered by Paxos and functions "just like" Paxos Standard (PAX) stablecoin. Notably, the desk currently only supports bitcoin but it has plans to support more coins soon. Read Full on The Block.
3. BAT Rewards Can Now be Redeemed at Amazon, Apple
Brave, a privacy-preserving browser that rewards its users with BAT for the adds they choose to watch has partnered with TAP Network to provide its USA users with access to rewards from 250,000 brands. Partnership will allow its users to redeem their Basic Attention Tokens for “for real-world rewards” offered by different national brands that are a part of the network. These brands include Uber, Starbucks, Xbox, Playstation, Hulu, HBO, Amazon, Apple, Target, Domino’s and Walmart. Read Full on brave.
4. IOTA Back Online After Damning Hack
IOTA is finally back on track after switching off the network for almost a month to deal with the fallout from the $2 mln hack. The Tangle-based network was effectively switched off on Feb. 13 after bad actors exploited a vulnerability in the Trinity Wallet. Following hack, co-founder David Sonstebo has already said all victims of the hack will be compensated. IOTA is also currently working on the implementation of the Coordicide protocol upgrade to make the network decentralized without sacrificing its security. Read Full on twitter.
5. Cardano Releases Ouroboros Hydra Research Paper
Cardano (ADA) blockchain project has published a research paper on Ouroboros Hydra, a proof of stake algorithm (PoS), and it marks a significant milestone in the development of the Cardano distributed ledger. Ouroboros Hydra is aimed at making the decentralized network faster as it gains more users and it took five years for the project to be completed. Cardano revealed that simulations of the network show each Hydra head can complete 1,000 transactions per second. Read Full on BTCMANAGER.
6. Jimmy Song: Bitcoin Would Hit $100K, NoCoiners will Regret
Bitcoin maximalist and developer Jimmy Song has warned nocoiners who are yet to buy Bitcoin. Jimmy is optimistic about Bitcoin’s growth despite all criticism from haters. The entrepreneur believes a unit of BTC will sooner or later hit $100K valuation, and this would be sorrowful for those who think it is not worth buying. Jimmy said that people who don’t want to buy now when the crypto is at the dip and cheap will remember the moments when they shied away because of fear. Read Full on twitter.
7. Blockchain Lender Reports 300% Surge as Fed Slashes Interest Rates
A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the United States Federal Reserve announced its emergency stimulus interest rate cut last week. Figure Technologies which claims to be the industry’s first fintech to bring lending to the blockchain said loan applications with the firm had soared by 300% since the Fed’s action. Figure Technologies uses its own blockchain, Provenance, to process consumer loans. Read Full on Cointelegraph.
8. Whale Moved 25 Million XRP to Bistamp
The recent market sell-off may not affect only stocks and Bitcoin (BTC). Apparently, XRP whales are also looking for a fiat position, as one wallet moves 24.95 million tokens to a crypto exchange. A recent “whale” transaction reveals a tranche of 25 million XRP coins was sent to Bitstamp today. The coins moved just a day after Bitcoin experienced a massive sell-off which sent it plunging under $8,000. The origin of that XRP, worth more than $5.2 million, is uncertain. Read Full on Bitcoinist.com.
