Crypto News Cast 📮 16-10-2020
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24hours Cryptocurrency Market Cap:
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Crypto News Updates :
- Coinbase Will Sponsor Bitcoin Core Developers
- Stellar Blockchain Will Support USDC Stablecoin
- Coinbase Pro Will List Wrapped Bitcoin (WBTC)
- Japanese Financial Group SBI Will Pay 2 Pro e-Sports Players in XRP
- Digital Yuan Rolls Out for Use in Shenzhen Gas Stations
- 14% Bitcoin's Total Supply Is Being Held In Accumulation Addresses
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Coinbase Will Sponsor Bitcoin Core Developers
Coinbase is sponsoring at least two Bitcoin Core developers with a new grant program, the San Francisco-based exchange announced Thursday. Coinbase said in blog post that it is looking for developer who can contribute tooling to the network, improve testing, and contribute code. "We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world," Coinbase said. The move comes after year of criticism from the community for not backing the developers. Read Full on CoinDesk.
Stellar Blockchain Will Support USDC Stablecoin
USDC, the stablecoin co-founded by Circle and Coinbase, will be launched on the Stellar blockchain in the first quarter of 2021, according to the firm. Stellar will be the third official chain for USDC, having launched on Ethereum and expanding to Algorand in June 2020. Circle CEO told "We value the increased interoperability and wide range of developers that the Stellar network brings to the table, and look forward to seeing how adding a strong and stable USD anchor to Stellar grows its ecosystem." Read Full on The Block
Coinbase Pro Will List Wrapped Bitcoin (WBTC)
Crypto exchange Coinbase today announced that starting Monday, October 19, its “Pro” exchange will support Wrapped Bitcoin, or WBTC. The San Francisco-based company, which operates one of the world’s largest cryptocurrency exchanges, said that it would accept deposits of WBTC on Monday from US customers outside of New York state. Trading will commence on “or after 9AM Pacific Time (PT) Tuesday, October 20, if liquidity conditions are met.” It’ll go live with two pairings: WBTC-USD and WBTC-USD. Read Full on Decrypt
Japanese Financial Group SBI Will Pay 2 Pro e-Sports Players in XRP
The Japanese financial services group SBI Holdings is not playing on easy mode when it comes to e-Sports. Not only it is investing heavily on its team, but SBI also hopes to take advantage of the opportunity to boost the growth of the crypto-verse. To strengthen its presence in the gaming scene, SBI e-Sports – the professional e-Sports team sponsored by the financial giant – announced the recruitment of two top gamers: Subaru Sagano, AKA Mickey; and Kenji Suzuki, AKA Ken. Both players will receive their salaries entirely in XRP. Read Full on Decrypt
Digital Yuan Rolls Out for Use in Shenzhen Gas Stations
Eleven gas stations in Chinese tech hub Shenzen are now accepting the digital yuan, China’s upcoming Central Bank Digital Currency (CBDC), days after citizens received over $1.5 million in the currency as part of an ongoing pilot. The tests are being conducted by state agency Guangdong Petroleum, which launched the pilot on October 13 this week. To pay, citizens can scan a unique QR code available at the gas stations without the need for an internet connection. Read Full on Decrypt
14% Bitcoin's Total Supply Is Being Held In Accumulation Addresses
According to research compiled by on-chain analytics firm Glassnode says Bitcoin has been in an accumulation phase for nearly two years. Based on the report, it shows that 2.6 million bitcoin that is 14% percent the total supply is currently being held in “accumulation addresses.” Glassnode defines an accumulation address are those addresses that have 2+ incoming txs, never spent BTC, were active in the past 7 years, exchanges & miners are excluded. Read Full on CryptoGlobe