Crypto News Cast 📮 01-11-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $400 B
📊24h Mcap %: -0.69%
⚠️Bitcoin Dom: 63.70%
📌Active Coins: 4,494
📍24h Vol %: -10.78%
💲24h Vol: $67 B

Crypto News Updates :

• Ripple Paid $9.3 Million in XRP to MoneyGram in Q3 2020
• American Telecom Conglomerate Verizon Taps Blockchain
• Venezuela's Remittance Platform Is Now Compatible With Bitcoin And Litecoin
• Google Trends Suggests New Money Could Enter The Bitcoin Market
• Whales Accumulating XRP Says Analytics Firm Santiment
• Swiss Town Wetzikon Launches Tezos-backed Coronavirus Aid Program
• Mongolia's Largest Bank TDB Will Offer Crypto Services

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Ripple Paid $9.3 Million in XRP to MoneyGram in Q3 2020

Ripple paid remittances firm MoneyGram $9.3 million in XRP incentives during the third quarter of 2020. MoneyGram revealed the figure in its earnings report released on Thursday. The Nasdaq-listed firm said Ripple paid $9.3 million, but $400,000 was offset by related transaction and trading expenses, leaving $8.9 million as a net benefit. MoneyGram categorizes these payouts as "market development fees" rather than revenue. The firm gets paid based on transaction volume it processes via Ripple's On-Demand Liquidity (ODL) product that utilizes XRP for settlements. Read Full on The Block.

American Telecom Conglomerate Verizon Taps Blockchain

Verizon an American multinational telecommunications conglomerate has unveiled "a blockchain-based, open-source newsroom product designed to raise the bar for corporate accountability. Called Full Transparency, the platform is meant to immutably document the company's own news releases on a public blockchain. Verizon hopes that the platform will set a new standard for corporate transparency and responsibility. All news releases published to the Verizon Newsroom will be secured and bound using cryptographic principles, so that subsequent changes can be tracked and contextualized. Read Full on cointelegraph.

Venezuela's Remittance Platform Is Now Compatible With Bitcoin And Litecoin

The Venezuelan government is set to overhaul its crypto-compatible remittances platform Patria – allowing full operability with bitcoin (BTC) and litecoin (LTC) wallets. The platform allows individuals based overseas to send remittances to family and friends based in Venezuela – and also enables domestic remittances to be made in crypto. Its operators claim Patria has some 20 million users. However, the changes could see a flat commission rate charged for all transactions conducted in crypto. Read Full on cryptonews.

Google Trends Suggests New Money Could Enter The Bitcoin Market

Over the course of October, the price of the bitcoin has increased by more than 25%. Data from Google Trends suggests that rising prices are attracting renewed attention from retail investors and new money could start entering the market. Still a long way from ATH levels of interest, observed at the 2017 bull market peak, October has seen a rise in the number of people searching Google for the phrase “how to buy bitcoin.” Searches for “how to buy bitcoin” increased in May, August, and December of 2017, as well as in early July 2019. Each example saw the bitcoin price increase rapidly in a short period of time. Read Full on BeInCrypto.

Whales Accumulating XRP Says Analytics Firm Santiment

Data from crypto insights platform Santiment reveals that big money players are accumulating XRP. In a new Twitter post, Santiment informs its 29,000 followers that whales have been buying up XRP since a month after the Covid-19 induced sell-off, causing the number of wallets with a balance of at least 100,000 XRP to increase significantly. Ripple’s whale count has spiked the past 6 months, with many in high-tier brackets of $XRP held. Since April, holders with: 100K – 1M: 14,525 to 17,387 whales (+19.7%),1M – 10M: 1,307 to 1,336 whales (+2.2%) & 10M+: 280 to 309 whales (+10.4%). Read Full on twitter.

Swiss Town Wetzikon Launches Tezos-backed Coronavirus Aid Program

Swiss town of Wetzikon launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be funded with a municipal credit line earmarked for the Coronavirus and will be distributed to the roughly 25,000 inhabitants of Wetzikon in the form of an eCoupon worth 10 Swiss francs. Residents can access the disbursement through a smartphone app, “ecoo,” built on the Tezos blockchain. Read Full on cointelegraph.

Mongolia's Largest Bank TDB Will Offer Crypto Services

Ulaanbaatar-based Mongolia's largest bank, Trade & Development Bank of Mongolia (TDB), will soon be offering a variety of crypto services like custody, deposits, remittance, loans, and crypto asset management. A blockchain company named Hexland and a white label tech company named Delio have both agreed to begin working on the TDB Bank. However, the deal is not limited to Hexland, Delio and the TDB Bank. The media outlet also wrote that a Mongolian mineral resource and blockchain company called the MDKI, is also included in the agreement. Read Full on cointelegraph.