Cryptocurrency News Cast 📮 21-07-2020
Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $277 B
📊24h Mcap %: 2.10%
⚠️Bitcoin Dom: 62.20%
📌Active Coins: 3,352
📍24h Vol %: 7.90%
💲24h Vol: $61 B
Cryptocurrency News Updates :
- Bitcoin Rises as EU Agrees €750B in Coronavirus Stimulus
- Changpeng Zhao: Bitcoin Has Been Really Stable
- Fifth Largest Bank MUFG To Launch Digital Currency In 2020
- Ethereum Welcomes Layer-2 Scaling Solution For Private Transactions
- FINRA Allow Grayscale To Trade Litecoin and Bitcoin Cash Publicly
- US Banks Running Out Of Coins, Bitcoin Keeps On Persisting Along
- Number of ETH Exchange Deposits Rising
- Standard Chartered Will Offer Crypto Custody Solution
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Bitcoin Rises as EU Agrees €750B in Coronavirus Stimulus
Bitcoin edged higher on Tuesday as stock markets cheered the EU’s decision to approve a landmark coronavirus recovery fund. European Union leaders clinched the long-awaited €750 billion post-pandemic fiscal stimulus plan during the Asian trading hours, boosting demand for equities and sending EUR/USD to a 4.5-month high of 1.1470. Meanwhile the leading cryptocurrency by market value also jumped from $9,190 to $9,360 during the 60 minutes to 08:00 UTC. Bitcoin is trading at $9,382 at press time. Read Full on CoinDesk.
Changpeng Zhao: Bitcoin Has Been Really Stable
Crypto exchange Binance’s CEO Changpeng Zhao or CZ, at the interview with Bloomberg Daybreak, has told that world's number one cryptocurrency by marketcap, bitcoin has record-low volatility since last month. Bitcoin has had very few big moves for weeks, with the token remaining between $9,000 and $9,500. BTC is priced at $9,175 at press time. He told, sooner or later it’s going to break out, but right now Bitcoin has been really stable. People have been calling it a stablecoin now. Read Full on youtube.
Fifth Largest Bank MUFG To Launch Digital Currency In 2020
The world's fifth largest bank, Mitsubishi UFJ Financial Group (MUFG), is set to go ahead with a digital currency launch in collaboration with Indeed.com parent firm Recruit Group in the second half of this year. The digital currency will be initially utilized in a smartphone payment app for member companies listed on Recruit's website. Recruit has around 1 million member stores. While only Recruit members will be allowed to participate initially, the initiative could one day be used more widely by non-Recruit site member stores, too. Read Full on CoinDesk.
Ethereum Welcomes Layer-2 Scaling Solution For Private Transactions
After seven months, a Zero-Knowledge Proof Optimistic Rollup (Zkopru) implementation for Ethereum is ready for testing. The Layer-2 fraud-proof solution not only introduces privacy to ether, ERC-20, and ERC-721 transactions but also supports private atomic swaps. If Zkopru is finalized, it will enable Ethereum transactions to be processed privately, cheaply, and away from the main chain. Interestingly, the pay-in-advance feature enables users to withdraw assets from Layer-2 before transaction finalization. Read Full on BTCMANAGER.
FINRA Allow Grayscale To Trade Litecoin and Bitcoin Cash Publicly
The Financial Industry Regulatory Authority (FINRA) in the United States had approved shares of Grayscale Investment’ Bitcoin Cash Trust and Litecoin Trust for public trading. The two stocks will be available on OTC markets under the symbols BCHG and LTCN. This means that these vehicles, which were previously only accessible to accredited investors, can now be bought by retail investors with access to OTC Markets. Read Full on NewsBTC.
US Banks Running Out Of Coins, Bitcoin Keeps On Persisting Along
The U.S. economy is experiencing a shortage of coins. With this in mind, the Community State Bank, or CSB, of Milwaukee is offering a 5% premium to customers who turn in coins to one of its locations. Meanwhile Bitcoin (BTC) is not expected to run out of Satoshis anytime soon. As of today, there are 18.44 million Bitcoins or 1.84 quadrillion Satoshis in circulation. If at some point 1 Satoshi were to become too valuable due to the asset’s massive appreciation, the community could implement a hard fork to introduce an even smaller unit. Read Full on cointelegraph.
Number of ETH Exchange Deposits Rising
According to data shared by analytics research firm Glassnode, the number of ETH deposits made to crypto exchanges has spiked more than 30% —increase of 172.438 deposits over the previous figure of 566.500, over the past 24 hours. With the spread of DeFi and the amount of ETH locked within its apps, as well as a major upgrade—Ethereum 2.0—expected to be rolled out sometime this year, many are hoping the price of Ethereum will print a significant rise soon. Read Full on U.Today.
Standard Chartered Will Offer Crypto Custody Solution
Standard Chartered’s venture and innovation arm has been working on a crypto custody offering for the institutional market and the first pilot could launch later this year. Alex Manson, the head of SC Ventures, said that 20 institutions have expressed interest in the custodial solution. Although it will be based in the U.K., it will be open to customers from around the world. As well as assets such as bitcoin, SC Ventures is also considering creating suitable solutions for security tokens. Read Full on CoinDesk.