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Bitcoin Trading Volumes Continue Increasing in Troubled Economies

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Bitcoin Trading Volumes Continue Increasing in Troubled Economies
twitter
 Published Few hours ago
Bitcoin Trading Volumes Continue Increasing in Troubled Economies 
The utility of the cryptocurrency in places where economies are already under strain, like Venezuela and Hong Kong, is being demonstrated in trading volume. According to data from LocalBitcoins, the increase in trading volumes is most prevalent in countries that are facing troubled economies. Through 2019, $305.9 million was traded on LocalBitcoins from Venezuela with Columbia and Peru coming in second and third with $134.2 million and $45.5 million respectively. Other key countries include Hong Kong with $21.73M being traded. Read Full on twitter

bitcoinvenezuelaColumbia
IOTA's Lightweight Node is 6X Faster than Bitcoin
Coingape
 Published Few hours ago
IOTA's Lightweight Node is 6X Faster than Bitcoin 
Hornet, which is IOTA’s lightweight node, is under test and impressively, the network can process over 40 TPS, which is almost 6X the speed of Bitcoin and 3X of Ethereum’s. This is a mark of progress and supporters couldn’t wait to express their optimism and how this will help IOTA cement its position as a true Internet-of-Things platform that will be inherently scalable, decentralized, and feeless. Hornet is currently in beta and available for testing purposes only. At the time of writing, its Hornet’s TPS was 48 TPS. Read Full on Coingape

iotabitcoinethblockchain
Crypto Mining Could Add $8.5 Billion to Iran's Economy
bitcoin.com
 Published Few hours ago
Crypto Mining Could Add $8.5 Billion to Iran's Economy 
After developing new regulations for its digital assets industry, Iran’s government has issued over 1,000 licenses for crypto mining in the country. Amir Hossein Saeedi, an official with Iran’s ICT Guild Organization, told that the crypto mining industry has the potential to add $8.5 billion to the economy and many people are interested in setting up their own operations. Saeedi also added that several large industrial farming miners have already been set up by big investors entering the space. Read Full on bitcoin.com

irancryptoblockchain
Top 5 Cryptos This Week (Jan 26): HEDG, DASH, BSV, ETC, XTZ
Cointelegraph
 Published Today
Top 5 Cryptos This Week (Jan 26): HEDG, DASH, BSV, ETC, XTZ 
Hedge Trade (HEDG) is the top performer of the past seven days with a rise of about 13%. This is the third consecutive week that Dash (DASH) has been a top performer with a gain of about 10% in the past seven days. Bitcoin SV (BSV) has again found a place among the top performers. Ethereum Classic (ETC) rallied roughly 4% in the past seven days. Tezos (XTZ) has found a place among the top performers with a gain of about 4% in the past seven days. Read Full on Cointelegraph

cryptoalts
BitMEX to Launch XRP-USD Swap
bitmex
 Published Today
BitMEX to Launch XRP-USD Swap 
BitMEX is set to launch the XRP-US Dollar (XRP/USD) quanto swap. The quanto swap derivative allows traders to speculate on the price of XRP/USD without having to deposit US dollars. While the price of XRP will be tracked using USD, a third foreign currency will be used to settle the contract at a particular interest rate. The exchange has announced that the new derivative will be launched on February 5, 2020. BitMEX says it’s scrapping its UP and DOWN contracts for XRP, which give traders a way to bet on the potential upside and downside of the third-largest cryptocurrency. leading-cryptocurrency-derivatives-exchange-launching-xrp-swaps Read Full on bitmex

bitmexxrpblockchain
Indian Prime Minister Modi Awards Cryptocurrency App Creator
cointelegraph
 Published Today
Indian Prime Minister Modi Awards Cryptocurrency App Creator 
India’s Prime Minister Narendra Modi awarded young entrepreneur Harshita Arora, the developer of a cryptocurrency price tracking application. Modi said that Arora’s “passion towards science, technology and human welfare are clearly visible.” She received the Bal Shakti Puraskar 2020: an award recognizin

g youth’s contributions in the fields of social service, innovation, bravery, sports, art and culture and scholastics. According to Modi’s tweet. Her app, Crypto Price Tracker, is a portfolio management and price tracking app. Read Full on cointelegraph

indiacryptoblockchain
WEF Launches Global Consortium for Crypto Governance
CoinDesk
 Published Today
WEF Launches Global Consortium for Crypto Governance 
The World Economic Forum has created an international consortium to design a governance framework for cryptocurrencies, including stablecoins.The consortium seeks to bring together financial institutions, government representatives, developers and other members of the global community to determine what sort of governance around cryptocurrencies can best further the goal of financial inclusion. Digital currencies are "a key area of interest for the Forum," said WEF Founder and Chairman Klaus Schwab. Read Full on CoinDesk

cryptobitcoinblockchain
Binance Helping Coronavirus Victims With $1.5m USD Donation
Twitter
 Published Today
Binance Helping Coronavirus Victims With $1.5m USD Donation 
Malta-based crypto exchange Binance‘s CEO Changpeng Zhao[CZ] announced that the exchange pledged “10m RMB ($1.5m USD) to help coronavirus victims.” With this move, Binance becomes the first in the crypto space to have lent a helping hand to the victims of the deadly coronavirus. Noting that Binance was now working on the logistics of the move, Zhao stated that there was no use of crypto assets in the move and that it was not realistic to do crypto to end beneficiaries. Read Full on Twitter

binancechina
Bakkt's consumer app is coming in 2020
The Block
 Published Today
Bakkt's consumer app is coming in 2020 
Bakkt’s consumer app is set to roll out in 2020. Bakkt president Adam White shared some details of its product. So far, it has been revealed that the Bakkt consumer app will support tokenized loyalty rewards programs, equity trading, crypto asset trading, and a portal for merchants to accept crypto. Essentially, unlike popular exchange Coinbase which mostly just offers the ability to buy, sell, and accept crypto, the Bakkt consumer app aims to be a comprehensive app for all sorts of blockchain-based fintech. Read Full on The Block

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Report: Cardano (ADA) was the Busiest Project in 2019
santiment
 Published 1 Day ago
Report: Cardano (ADA) was the Busiest Project in 2019 
Blockchain platform Cardano topped the list as the busiest 2019 crypto project in a report in terms of technical development. The report was compiled after analyzing over 1000 cryptocurrencies within the 12 months. The report attributed the growing developments of Cardano ecosystem which was cemented with the launch of the much-awaited Cardano incentivized Shelley testnet in December. Ethereum was narrowly behind with the report highlighting the major effort that developers have put towards achieving the impending Ethereum 2.0 upgrade. Read Full on santiment

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