Crypto News Cast 📮 2-12-2020

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $568 B
📊24h Mcap %: 2.95%
⚠️Bitcoin Dom: 62.50%
📌Active Coins: 4,769
📍24h Vol %: -22.35%
💲24h Vol: $204 B

Crypto News Updates :

• Alfa-Bank In Russia Offers Blockchain Based Services
• ECB President Christine Lagarde Praises Bitcoin Over Stablecoin
• 17% of Paypal Users Has Already Bought And Sold Bitcoin
• Gemini Donates $50K to HRF to Fund Bitcoin Devs
• Visa and Blockfi teams up to launch Bitcoin reward credit card
• CEO Of World’s Largest Asset Manager Bullish On Bitcoin As A Global Asset
• Bitcoin Monthy Active Addresses Hits 19.6 million
• Ethereum 2.0 Goes Live With Launch of Beacon Chain

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Alfa-Bank In Russia Offers Blockchain Based Services

Alfa-Bank, one of the largest private commercial banks in Russia, explores Blockchain-based services for for self-employed like tutors, taxi drivers and repairmen to help them automate their services. Denis Dodon, director of Alfa-Bank’s research and development center, said it will ease remuneration for the freelancers. The new service consist of two applications: “Alfa.Corporate” for busineses and “My Income” for individuals. Blockchain technology will bring a secure exchange between the bank and the busineses. Read Full on cointelegraph.

ECB President Christine Lagarde Praises Bitcoin Over Stablecoin

Christine Lagarde, European Central Bank (ECB) president expressed her view about digital assets especially Bitcoin as the future of money compared to stablecoins. She strongly shared her opinion that Bitcoin should be trusted and engaged in. She pointed out the benefits of Bitcoin and distributed ledger technology even though innovations like the blockchain comes with its risk and also opportunities. Lagarde also shared her opinion on Stablecoins compared to other cryptocurrencies and how Bitcoin is preferable to Stablecoins. Read Full on Bitcoin News.

17% of Paypal Users Has Already Bought And Sold Bitcoin

According to Mizuho survey, 17% of Paypal users have bought and sold Bitcoin through the app. The survey also showed that 65% of the 28 million merchants who use PayPal will use Bitcoin as currency. Also, Bitcoin users had higher balances compared to non bitcoin users. The report also showed that user engagement increased 3 times more than usual due to the Bitcoin excitement with the Bitcoin traders. Read Full on CoinDesk.

Gemini Donates $50K to HRF to Fund Bitcoin Devs

Winklevoss’ Gemini cryptocurrency exchange donates $50,000 to the Human Rights Foundation to fund open source software which will improve the usability of Bitcoin. The funding from Gemini will sponsor new developers in first quarter of 2021. The Human Rights Foundation received this funding the same day they announced sponsorship for another Bitcoin developer, Gloria Zhao. She is an under grad and president of Blockchain at Berkley. Read Full on CoinDesk.

Visa and Blockfi teams up to launch Bitcoin reward credit card

Visa and Blockfi teams up to launch Bitcoin reward credit card which will lead to increased digital asset adoption. The new reward credit card will reward purchases with Bitcoin rather than airline miles or other cashback rewards. Cardholders will qualify to receive 1.5% of their purchases back in BTC. The reward credit card will be available to the general public in early 2021, BlockFi account holders will be able to sign up beforehand. Read Full on cointelegraph.

CEO Of World’s Largest Asset Manager Bullish On Bitcoin As A Global Asset

Larry Fink, CEO of BlackRock, world’s largest asset manager with over $7.4 trillion dollars in assets under management, said that Bitcoin has the potential to become a global market asset even though the cryptocurrency market is still at an early phase. He said that more people are becoming Interested in cryptocurrency and owning a digital asset will influence the value of fiat as a reserve currency. Read Full on CoinDesk.

Bitcoin Monthy Active Addresses Hits 19.6 million

Active Bitcoin addresses nears all time high in November with about 19.6 million monthly addresses which sent or received Bitcoin. According to Glassnode, a Blockchain data provider, there is always increase in the number of addresses as the price of Bitcoin increases because Interest in Bitcoin also increases. As Bitcoin nears its all time high, active Bitcoin addresses also spiked. There are over 740 million active Bitcoin addresses According to Glassnode. Read Full on Decrypt.

Ethereum 2.0 Goes Live With Launch of Beacon Chain

The much-anticipated network upgrade for Ethereum just launched. The first step of Ethereum 2.0—the massive upgrade set to revolutionize the Ethereum network—went live at 12:00 pm UTC today. Phase 0, also known as the Beacon Chain, is the first stage of this launch. The Ethereum 2.0 upgrade promises to make several major improvements to the Ethereum network, including the introduction of a proof-of-stake mechanism, which should solve some of Ethereum’s long standing scalability problems. Read Full on Decrypt.