Crypto News Cast 📮 04-11-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $396 B
📊24h Mcap %: 0.45%
⚠️Bitcoin Dom: 64.60%
📌Active Coins: 4,525
📍24h Vol %: -0.30%
💲24h Vol: $85 B
Crypto News Updates :
- Binance P2P Trading Volumes Are Seeing Double-Digit Growth In One Year
- Following Unusual Demand PayPal Raises Crypto Limits To $15,000
- Grayscale Bitcoin Fund Sees Largest Ever Weekly Inflow
- China's CBDC Processed Over $300M In Payment
- Australian Senator: “The Future Is Technology By Blockchain”
- Bangladesh’s First Blockchain-Powered Cross Border Trade Completed By HSBC Bangladesh
- Bitcoin Miner's Revenue From Transaction Fees Rose By 12% in October
Register at the best leverage exchanges
- ByBit: https://bit.ly/36JuDQZ
- BitMEX: https://bit.ly/2M74PX9
- Binance: https://bit.ly/34urfrJ
- Gemini: https://bit.ly/2IiqQDp
- FTXexchange: https://bit.ly/2SGhEL5
- Bittrex: https://bittrex.com/Account/Register?referralCode=FIV-UX0-TAQ
- BraveBrowser: https://brave.com/nnr477
Advertise Your Products and Get Leads To Your Business Hashing Ad Space
- Register link: http://bit.ly/2YlhQRh
Buy Products and Gift Cards With Bitcoin and Cryptocurrencies: http://bit.ly/2sFJvSf
Binance P2P Trading Volumes Are Seeing Double-Digit Growth In One Year
Crypto exchange Binance last month celebrated the first anniversary of its peer-to-peer crypto trading service. Binance CEO Changpeng Zhao stated that Binance’s P2P trading is “seeing double digit growth. Sometimes even week-on-week.” Binance’s P2P trading volume topped $4.2 billion in the past 12 months. And, on October 22, the network’s daily trading volume hit an all-time high of $46 million. The platform allows buyers and sellers to transact directly with each other, without a third party, and functions as a gateway to convert fiat money to crypto. Read Full on Decrypt.
Following Unusual Demand PayPal Raises Crypto Limits To $15,000
PayPal announced on Oct. 21 that the company would allow users to buy, hold, and sell cryptocurrencies. Discussing the news, PayPal CEO Dan Schulman said PayPal’s base was very eager for us to offer these capabilities. Schulman said that the waiting list to use crypto was two times to three times of what our expectations were. In Monday’s quarterly earnings call, PayPal executives confirmed that they’d seen so much interest in the feature that they would raise buying limits from $10,000 to $15,000. Read Full on Crypto Briefing.
Grayscale Bitcoin Fund Sees Largest Ever Weekly Inflow
Grayscale’s Bitcoin fund GBTC recorded the largest inflow of around $215 million in the week ending Oct. 29. Focused on institutions, the uptick indicates a continued appetite for crypto among traditional financial players. Grayscale Investments LLC offers accredited investors the opportunity to invest in digital currencies via share indices backed by digital assets. Last week, GBTC added 15,907 Bitcoins worth $215 million, reporting a consistent rise in the number of shares issued. The total GBTC now under management (AUM) is $6.41 billion. Read Full on Crypto Briefing.
China's CBDC Processed Over $300M In Payment
China’s expanded central bank digital currency (CBDC) development has reached a new milestone of 2 billion yuan in total payments processed despite still being in the testing phase. Speaking during Monday’s session of the ongoing Hong Kong Fintech Week, Yi Gang, the governor of China’s central bank revealed that the country’s CBDC has so far processed $300 million in payments from more than 4 million transactions. This figure represents almost a 100% increase from the $160 million recorded as of the end of September. Read Full on BTCMANAGER.
Australian Senator: “The Future Is Technology By Blockchain”
Australian Liberal Senator Andrew Bragg thinks that blockchain technology could become a useful tool in reducing complications associated with financial regulatory compliance and transparency. “The future is technology by blockchain,” the senator said at an online panel of the Future of Financial Services 2020 conference. Bragg said that blockchain-powered instant cross-border transactions “may well be the solution to one-touch government with international transactions in real time.” Read Full on ZDNet.
Bangladesh’s First Blockchain-Powered Cross Border Trade Completed By HSBC Bangladesh
The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour blockchain platform. The transaction was used to settle the importation of 20,000 tonnes of fuel oil from United Group’s Singapore subsidiary United Mymensingh Power. HSBC Bangaladesh’s chief executive, Md Mahbub ur Rahman, told that the first of its kind transaction as showcasing the bank’s commitment “to supporting cross-border trade using “cutting-edge technology platforms.” Read Full on cointelegraph.
Bitcoin Miner's Revenue From Transaction Fees Rose By 12% in October
The share of overall bitcoin miner revenue from transaction fees rose to roughly 12% in October — the highest level since January 2018. The development, according to data from Coin Metrics, is perhaps unsurprising given that the end of October saw a notable jump in bitcoin transaction fees. Blockchain transaction fees are higher when the network is busier, as users pay more to compete for a limited amount of block space. Miners generated a total of $352.57 million in monthly revenue during October, according to data from Coin Metrics. Read Full on The Block.