Cryptocurrency News Cast 📮 27-07-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $318 B
📊24h Mcap %: 9.32 %
⚠️Bitcoin Dom: 62.60%
📌Active Coins: 3,391
📍24h Vol %: 17.10%
💲24h Vol: $104 B

Cryptocurrency News Updates :

• Ripple Product Director Launches XRP-Based E-Commerce Payment Platform
• Ethereum Surged Above $300, Highest Value Since June 2019
• Barry Silbert: There Will Be Publicly Traded Crypto Companies in 2020
• Coinbase Now Has Over 35 Million Users Around 100 Countries
• Ethereum miners’ daily income has risen by over 60%
• Crypto Market Cap Crosses $300 Billion
• Twitch Unlocks Discount For Crypto Users

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Ripple Product Director Launches XRP-Based E-Commerce Payment Platform

Ripple’s director of product is rolling out the beta version of Payburner, an XRP-based e-commerce payment platform. Payburner is designed to make it very easy to send and receive instant global payments. Payburner allows users to send and receive payments using PayID. The platform offers one-click e-commerce payment capabilities. The merchant must have a Payburner account. To facilitate the process, the Ripple executive points out that they are done integrating the Payburner plugin with WordPress. Read Full on The Daily Hodl.

Ethereum Surged Above $300, Highest Value Since June 2019

Ethereum, the second-largest cryptocurrency by market cap, today hit a peak of $316, its highest price since July 2019. The pump started way back on Wednesday night (UTC), when Ethereum, in about ten minutes, rose from $245 to $262. On Thursday afternoon, it increased once again, from $265 to $277. Then an upward crawl, reaching $285 by Saturday afternoon. And then came the latest boom. Between Saturday evening and Sunday morning, Ethereum rose by 10%, from $285 to $316. ETH is currently trading at $307. Read Full on Decrypt.

Barry Silbert: There Will Be Publicly Traded Crypto Companies in 2020

Crypto companies might be part of this year’s boom of SPAC IPOs, says Digital Currency Group CEO Barry Silbert. In a recent tweet, Barry Silbert, the CEO of Digital Currency Group (DCC), claims that he has been approached with merger pitches by special-purpose acquisition companies (SPACs). Hence, he suggests that there will be publicly-traded cryptocurrency companies in 2020. SPACs are shell companies that raise money from IPO investors to later invest in operating businesses. Read Full on twitter.

Peter Brandt: “Massive” Symmetrical Triangle Point To New Bitcoin ATH

In response to independent investor Tuur Demeester, veteran trader Peter Brandt points out that a “massive” symmetrical triangle might indicate that Bitcoin is readying to conquer new all-time highs. The chartist also doubled down on his earlier prediction that the flagship cryptocurrency could end up reaching $50,000 without specifying an exact time frame. As of now, Bitcoin remains within an enormous symmetrical triangle that dates back to December 2017 when the BTC price hit its current all-time high of $20,000. Read Full on U.Today.

Coinbase Now Has Over 35 Million Users Around 100 Countries

Coinbase now has over 35 million users in over 100 countries, the world’s most popular cryptocurrency exchange said in a new report. Alistair Milne, the CIO of the Altana Digital Currency Fund, tweeted a spreadsheet showing a growth of 5 million more users than in 10 months. Coinbase report added that crypto is continuing to be adopted by traditional finance. Coinbase said they will support the growth of DeFi protocols through their own products and investments. Read Full on Decrypt.

Ethereum miners’ daily income has risen by over 60%

Sparkpool’s data shows that Ethereum miners’ daily income was around $1.85 per 100 megahashes second (MH/s) on the network on June 27. Over the past month, and the last two weeks in particular, this has jumped by 60% and reached as high as $3.27 on July 25. The metric has since dropped back to around $3. During the same period, ether’s price has gone up by nearly 40%, from $229 on June 27 to $327 at time of writing – the highest price point for over a year. Read Full on CoinDesk.

Crypto Market Cap Crosses $300 Billion

Crypto markets have hit their highest levels of over $300 billion in terms of total market capitalization for the first time in last five and a half months. This has prompted calls for ‘altseason’ from analysts who have been eyeing the trends and charts. Crypto asset markets have been on fire over the weekend with a surge of $17 billion, or just under 6%, since Saturday morning. After a largely flat year in 2019, the crypto market recovered to a high of $308 billion last time during mid-February this year. Read Full on cryptopotato.

Twitch Unlocks Discount For Crypto Users

Amazon-owned company, Twitch is giving subscribers a 10% discount if they pay using cryptocurrencies. Users can pay in Bitcoin, Ether, Bitcoin Cash, or Litecoin. Offering a discount suggests the platform is encouraging its subscribers to use cryptocurrencies for goods and services, rather than just as a speculative investment. The company uses U.S.-based BitPay to process its crypto payments. BitPay’s chief marketing officer, Bill Zielke, told, Twitch is the first major global brand to offer a crypto-based promotion. Read Full on CryptoGlobe