📮 07-03-2020
📈MarketCap: $256 B
📊24h Mcap %: -2.59%
⚠️Bitcoin Dom: 63.3%
📌Active Coins: 2,857
📍24h Vol %: 0.49%
💲24h Vol: $133 B
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1. Coinbase CEO: Crypto Can Go from 50 Million to 5 Billion Users
Brian Armstrong, the CEO of major cryptocurrency exchange Coinbase, illustrated how the developments that resulted in the mass adoption of the internet are similar to the work that is currently being done on cryptocurrencies. While he admitted that it is not clear which blockchain “will help get crypto from ~50M users to ~5B". The chain that manages to ship some of these scalability, privacy, decentralized identity, and developer tool solutions will have a big leg up. Read Full on twitter.
2. Vodafone Explores Blockchain to Verify Suppliers
Multinational telecommunications company Vodafone is exploring blockchain’s capabilities to improve its supply chain. By integrating blockchain into its internal processes, Vodafone aims to advance its supply chain by promoting and verifying a number of suppliers through a digital identity platform dubbed Trust Your Supplier. The platform aims to eliminate time-consuming manual processes and help reduce the risk of fraud and errors. Read Full on Cointelegraph.
3. CZ: We Will Not Hang Around $9,000 for Long
The price of Bitcoin (BTC) will not stay below $9,000 for much longer due to 'seismical shifts' in the crypto space, according to Binance CEO Changpeng Zhao. The number one cryptocurrency by market cap is currently changing hands at $9,114 with bulls vying to take back control. CZ is apparently referring to a recent flurry of positive news coming up from India and South Korea that lifted the spirits of Bitcoin enthusiasts. Read Full on twitter.
4. Nike Explores Blockchain for Supply Chain Data Collection
Alabama’s Auburn University successfully completed a pilot in partnership with Nike, Macy’s and Kohl’s using Hyperledger to upload supply chain data onto the blockchain. The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has published a proof-of-concept whitepaper that seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain. Read Full on Cointelegraph.
5. Bitcoin Is Gold 2.0 for Millenials Says the BitPanda CEO
BitPanda CEO Eric Demuth called BTC as “Gold 2.0” or “a better version of gold.” As the demand for digital assets increases, he says, the need for precious metals also grows: “That supports the theory I always have that Bitcoin is Gold 2.0 for a younger and ‘more digital’ generation." Aside from the scarcity and the functionality, he said that digital currencies are very easy to liquidate fast, are pretty much for free to transfer, and can be stored in your pocket. Read Full on Cointelegraph.
6. Blockchain Automotive Industry Expected to Hit $5.6 Billion by 2030
According to a research conducted by ResearchandMarkets, the global automotive blockchain market is anticipated to reach USD 428.57 million this year and is predicted to value at a staggering USD 5.6 billion by 2030, with a CAGR of 29.3%. The report stated that blockchain-based supply chain is expected to be the most profitable compared to the other segments. North America is believed to generate the highest revenue followed by Europe, LAMEA and Asia-Pacific. Read Full on researchandmarkets.
7. Weiss Ratings: Ethereum Is Main Project Pushing Crypto Industry Forward
After ‘Pomp’ stated Ethereum is similar to fiat recently, saying that devs want to build on Bitcoin, Weiss Ratings offers its take on Ethereum’s role in the industry. Weiss Ratings rebukes those who are praising governments for their efforts to introduce their own "digital currencies" since these people support centralized cryptocurrencies. Weiss Ratings points out that right now, ETH is the main project pushing our industry forward and ethereum blockchain, its coin both are good for building and trading as well. Read Full on U.Today.
8. Litecoin's active addresses count hits 8-month high
Litecoin’s on-chain metrics have slowed down after its second block reward halving in 2019. However, on a positive note, the network’s active addresses have now surged to an 8-month high of 141,676. According to data gathered from BitInfoCharts, the number of unique [from or to] addresses per day rose from a low of 34,273 on 1 January. The active address figures last spiked on 10 August, five days after the scheduled halving, a day when it rose to 262,573. Read Full on AMBCrypto.
9. Bitcoin Coronavirus Search Traffic Overtakes Bitcoin Halving
Curiously, the search term “bitcoin coronavirus” has overtaken “bitcoin halving” on Google Trends. The odd search term is seeing the most traffic from Europe. Research indicates that Austria, Switzerland, and Ireland comprise the three jurisdictions that produce the most searches for “bitcoin coronavirus.” Singapore, Germany, Australia, and Canada are also producing significant traffic for the keyword, while the United States ranks 13th. Read Full on Cointelegraph.
