📮04-03-2020
📈MarketCap: $255 B
📊24h Mcap %: 0.01%
⚠️Bitcoin Dom: 63.0%
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📍24h Vol %: 0.9%
💲24h Vol: $112 B
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1. Facebook to support tokens pegged to government issued currencies
Facebook will develop several separate digital tokens, each pegged to a different government-issued currency such as dollars and euros. Reportedly citing three persons familiar with the matter. These new tokens will be available through Facebook's digital wallet Calibra. Facebook is looking to roll out the wallet and the digital currencies around the same time. The company hopes to make wallet available on WhatsApp and Messenger. Read Full on The Block.
2. Crypto Twitter Including Elon Musk Supporting Jack Dorsey to Remain As Twitter CEO
Paul Singer, a billionaire hedge fund manager who once described crypto as one of the most brilliant scams in history, is reportedly eyeing to make major changes at Twitter, including replacing the CEO, Jack Dorsey, an ardent supporter of Bitcoin. Fellow tech titan and dual CEO Elon Musk, who runs Tesla and SpaceX, as well as Bitcoin entrepreneur Changpeng “CZ” Zhao, CEO of leading cryptocurrency exchange Binance, say they support Dorsey as Twitter CEO. Read Full on Twitter.
3. Bitcoin Recognized as a Legal Financial Instrument In Germany
The Federal Financial Supervisory Authority (BaFin) of Germany has officially defined crypto as financial instruments, providing further regulatory clarity. This makes it easier for those spending cryptocurrencies and will give some relief to businesses built around them. Cryptos are now classified as the “digital representations of value” that have some characteristics like: Not issued or guaranteed by any central bank or public body, serve investment purposes and more. Read Full on Decrypt.
4. NBA’s Spencer Dinwiddie appoints new broker-dealer for his upcoming token offering
Athlete Spencer Dinwiddie of the National Basketball Association (NBA) has hired broker-dealer Tritaurian Capital for his upcoming token offering. Dinwiddie says that Tritaurian is “best-suited” to help bring the upcoming securities offering to accredited investors. "Tritaurian is a registered broker-dealer that has worked closely with regulators over the past several years to understand their perspective on blockchain and cryptocurrency". Read Full on The Block.
5. Walmart Joins Blockchain Consortium Hyperledger
Multinational retail conglomerate Walmart has become the latest major conglomerate to join open-source blockchain consortium Hyperledger. Walmart is among eight new members to join the platform. Sanjay Radhakrishnan, the vice president of Walmart Global Tech, expressed excitement in joining the platform and told, company saw strong results through its various deployments of blockchain, and believe staying involved in open source communities will further transform the future of their business. Read Full on Cointelegraph.
6. KPMG: Crypto custodians have ‘tremendous’ growth potential
“Big Four” consultancy giant KPMG has said that cryptocurrency custodians have “tremendous” growth potential as more institutional investors join the space. The crypto ecosystem is evolving at an “incredible” rate, according to KPMG, and custodians will have to ready their security solutions for the future, it said. There are currently 42 crypto custody service providers, including Bakkt and Fidelity Digital Assets. Over the years, these providers have received $1.3 billion in investment. Read Full on The Block.
7. India's Supreme Court Lifts Crypto Ban Imposed By Reserve Bank
After a two-year battle, the Supreme Court of India has finally lifted the cryptocurrency ban that was imposed by the Reserve Bank of India (RBI) on Apr. 6, 2018. The Reserve Bank of India has been making every effort to ban any dealings in crypto assets by individuals and businesses. Its campaign began in April 2018 with circular instructing banks and companies not to deal with digital assets. As per report, a copy of the judgment which is nearly 200-300 pages will be uploaded on the court's website soon. Read Full on twitter.
8. Bitcoin Bounces as Fed Announces Emergency Rate Cut
In one of the craziest weeks in financial market history, the Fed has announced emergency economic stimulus to counter negative impacts from Covid-19. Shortly after, Bitcoin rose almost $200 dollars in price and topped out at $8910 before retracing. The Fed has reassessed its outlook on the economy, which it believes has materially changed due to the spread of the Coronavirus in the US. Reports of the first infection related fatalities have started to emerge, and new cases are also being discovered. Read Full on Bitcoinist.com.
9. HTC's New 5G Router Can Host a Full Bitcoin Node
HTC has launched a new router that will also support a full bitcoin node, allowing users to have a role in verifying transactions and securing the blockchain network. New router can offer devices to 5G networks while supporting the bitcoin blockchain at the same time. HTC further says that the hub allows users to own their router keys. The device further offers a "private vault" providing users a view into their holdings of bitcoin, ethereum, Binance coin, litecoin and Stellar lumens cryptocurrencies. Read Full on CoinDesk.
