Cryptocurrency News Cast 📮 28-07-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $320 B
📊24h Mcap %: 1.28 %
⚠️Bitcoin Dom: 62.50%
📌Active Coins: 3,407
📍24h Vol %: -1.34%
💲24h Vol: $100 B

Cryptocurrency News Updates :

• Bitcoin Is Back, Heading Towards $11K
• Huawei Files Patent For A Storage-Related Blockchain Technology
• Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report
• Austrian Telecom Provider Adds Crypto To Its Payment Network
• Makerdao Has Surpassed $1 Billion In Defi For The First Time
• Revolut Lists Stellar (XLM) on Its Platform in Response to Overwhelming Demand
• Ethereum Releases Validator Launchpad For ETH 2.0 Upgrade
• Bitcoin Price Hits $11K For The First Time in 2020

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Bitcoin Is Back, Heading Towards $11K

The first and largest crypto by market cap is on the move. For the first time in approximately a year, Bitcoin neared $11,000 on leading cryptocurrency exchanges. According to data from CoinGecko, the asset is up 10.1% in the past 24 hours. Bitcoin was trading sideways in between the $9,000 and $10,000 range for the past two months and finally managed to break through this barrier and crossed $10,000 per coin on Sunday for the first time in two months. Currently bitcoin is trading at $10,776. Read Full on forbes.

Huawei Files Patent For A Storage-Related Blockchain Technology

Huawei strengthens its blockchain adoption campaign by applying for new storage-based Blockchain patents. Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods. According to the Chinese corporate database, Tianyancha, the smartphone manufacturer filed for a “blockchain ledger storage and device,” patent on January 17, 2019. Read Full on cointelegraph.

Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report

The global market for Bitcoin ATMs -- physical devices that allow users to buy and sell cryptocurrency -- could reach $145 million in 2023. This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the cryptocurrency ATM market will grow at a compound annual growth rate of 54.7%. At the moment, the number of bitcoin ATMs in the world is 8,828 and becoming a great source of passive revenue through fees on transactions. Read Full on CryptoMaticATM.

Austrian Telecom Provider Adds Crypto To Its Payment Network

A1 Payment, a subsidiary of leading telecom service provider A1 Telekom Austria, said Monday users can now make payments using cryptocurrencies including bitcoin, ether and dash on its cashless payments app. the firm said that regardless of the cryptocurrency used, payments would be converted to euros in real time so retailers would receive payment in fiat. The addition of cryptocurrencies to A1’s payment platform will enable about 2,500 merchants to accept digital currencies. Read Full on CoinDesk.

Makerdao Has Surpassed $1 Billion In Defi For The First Time

The total value of cryptocurrency locked in DeFi's oldest project, MakerDAO, has surpassed $1 billion for the first time at around 18:00 UTC on Sunday, as per analytics aggregator DeFi Pulse. The milestone, which shows how much money has been committed and not earned, demonstrates a rising interest in MakerDao and DeFi projects alike. Collateral, locked up in the form of ether (ETH) or basic attention token (BAT), is used on Maker's protocol to undertake lending and make DAI as debt against collateral. Read Full on CoinDesk.

Revolut Lists Stellar (XLM) on Its Platform in Response to Overwhelming Demand

U.K.-based fintech firm Revolut announced Tuesday it has added Stellar lumens (XLM) to its list of supported cryptocurrencies. Revolut said customers will now be able to trade and hold XLM on its platform. Stellar’s addition was in response to “overwhelming demand” from users. Ed Cooper, the company’s head of crypto, stated that adding Stellar and passing ownership of cryptocurrencies to Revolut’s customers are the first in a series of steps they are taking too seriously overhaul their crypto product. Read Full on CoinDesk.

Ethereum Releases Validator Launchpad For ETH 2.0 Upgrade

Ethereum Foundation, the non-profit organization that supports the development of the Ether cryptocurrency, has announced the testnet version of the Eth 2 validator launchpad. It was created in partnership with blockchain software company ConsenSys and Deep Work Studio. The launch aims to educate future validators about the basics of Ethereum 2.0, its roadmap, its rewards, as well as the associated risks and responsibilities. Read Full on Decrypt.

Bitcoin Price Hits $11K For The First Time in 2020

Bitcoin (BTC) is no more “boring and stable”. The first and largest crypto by market cap is on the move and to the delight of HODLers everywhere, that move is up—way up. Today, BTC price breached $11,155.22 USD mark at 5.30 UTC for the first time in nearly a year. For the past two months, BTC was trading sideways in between the $9,000 and $10,000 range. Finally, BTC managed to break through this barrier, closing at around $9,700 and the bullish trend is continued. Read Full on Decrypt.