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Metropolitan Commercial Bank's Crypto Deposits Increased by 24% in Q1

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Metropolitan Commercial Bank's Crypto Deposits Increased by 24% in Q1
CoinDesk
 Published Few hours ago
Metropolitan Commercial Bank's Crypto Deposits Increased by 24% in Q1 
Crypto-friendly Metropolitan Commercial Bank – one of the few U.S. banks openly serving the crypto industry – reported $25 million more in deposits from crypto customers in the first quarter of 2020. The level of digital currency deposits is 24% higher than last quarter but 40 percent lower than the same quarter last year. Metropolitan Commercial highlighted BitPay, Crypto.com, Coinbase and other crypto companies as firms that take advantage of its global payments business. Read Full on CoinDesk

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Bitcoin Mining Company Ebang International Files for $100 Million US IPO
nasdaq
 Published Few hours ago
Bitcoin Mining Company Ebang International Files for $100 Million US IPO 
Ebang International, one of the world’s largest bitcoin mining machines manufacturers, has just formally filed for an initial public offering (IPO) in the U.S. Ebang is looking to raise up to $100 million. China-based Ebang intends to list its shares either on the New York Stock Exchange or Nasdaq Global Market under the symbol “EBON,” per the form F-1. The company made 82% of 2019 revenue on designing specific integrated circuit (ASIC) chips for bitcoin mining. Read Full on nasdaq

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Total Crypto Derivatives Volume in Q1 2020 Reached $2 Trillion
cointelegraph
 Published Today
Total Crypto Derivatives Volume in Q1 2020 Reached $2 Trillion 
A study by TokenInsight indicates that the total futures trading volume in the crypto industry reached over $2.1 trillion in Q1 2020. This is an increase of 314% from the 2019 four quater's average. According to the the report, the total market turnover in Q1 2020 was roughly eight times than Q1 2019. The average daily trading volume of the whole market during the first quarter of 2020 hit $23.3 billion an increase of 274% from 2019. The highest daily trading volume was $62.5 billion. Read Full on cointelegraph

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Venezuela To Combat Hyperinflation With Bitcoin-Backed ‘Cryptodollar’
cointelegraph
 Published Today
Venezuela To Combat Hyperinflation With Bitcoin-Backed ‘Cryptodollar’ 
Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy. It’s still in Alpha, but Valiu has partnered with Latin America food delivery app Rappi, which could offer a large user base to help with adoption when it’s rolled out in full later this year. Valiu hedges BTC into futures contracts and issues USD depository receipts to users which are redeemable for local fiat. Read Full on cointelegraph

venezuelabitcoincrypto
Bitcoin Wallets Hodling Atleast 0.1 BTC Hits All Time High
cointelegraph
 Published Today
Bitcoin Wallets Hodling Atleast 0.1 BTC Hits All Time High 
The number of addresses holding at least 0.1 Bitcoin (BTC) has exceeded the 3-million mark for the first time as hodlers brace for the halving. While those holding 0.1 BTC cannot be identified as “whales”, this growth likely reflects the greater adoption and accumulation by retail investors. It also comes at a time when central banks around the world are flooding the economy with money. This may be an attempt on the part of the public to hedge their savings against the debasement of fiat currencies. Read Full on cointelegraph

bitcoincryptoblockchain
Weiss Ratings: Tezos and Cardano Leads in Terms of Technology
Decrypt
 Published Today
Weiss Ratings: Tezos and Cardano Leads in Terms of Technology 
Cardano (ADA) and Tezos (XTZ) have just been marked as the top blockchain technology platforms by Weiss Crypto Ratings. Cardano and Tezos are top of the list in terms of technology and have been graded as "excellent" by the cryptocurrency and stock rating firm. Meanwhile Bitcoin (BTC) is simply rated as "fair". Bitcoin and Ethe

reum have the highest overall rating of the 123 cryptocurrencies measured by the platform, having both achieved an A-grade for adoption. Read Full on Decrypt

cardanoblockchaintezos
IOST Joins China’s Nationwide Blockchain Network BSN
medium
 Published Today
IOST Joins China’s Nationwide Blockchain Network BSN 
IOST Enterprise Edition Aiou Technology has officially become a qualified developer of China nationwide blockchain network, the Blockchain Ser­vice Net­work (BSN). Backed by Chinese government policy think tank the State In­for­ma­tion Cen­ter (SIC), project aims to provide a trusted and scalable infrastructure for supporting new blockchain projects as well as the development of smart cities and the digital economy. Aiou Technology will now be able participate in the development and testing of the China's Blockchain Ser­vice Net­work. Read Full on medium

chinaiostblockchain
Cardano (ADA) Launches Daedalus Wallet 1.0.0.
medium
 Published Today
Cardano (ADA) Launches Daedalus Wallet 1.0.0. 
In another significant development for the Cardano (ADA) distributed ledger technology (DLT) project in their journey towards becoming the most robust and operative financial system in the world, Charles Hoskinson has announced the official launch of the Daedalus wallet version 1.0.0. Per sources close to the matter, the Daedalus 1.0.0 multi-asset wallet is faster and more reliable than the previous release. It also supports both Byron reboot and Shelly, making it possible for those without advanced tech skills to migrate. Read Full on medium

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BitMEX Announced ETH/USD Futures Settled in Bitcoin
bitmex.com
 Published 1 Day ago
BitMEX Announced ETH/USD Futures Settled in Bitcoin 
BitMEX is launching an ETH/USD futures contract with up to 50x leverage on 5 May 2020. The first contract (ETHUSDM20) will expire in June. This new product will be the only one of its kind available in the market, and represents significant new trading opportunities on BitMEX. ETHUSD quanto futures have a fixed Bitcoin multiplier regardless of the USD Ethereum price. This allows traders to long or short the ETH/USD exchange rate without ever touching either ETH or USD! Traders post margin in XBT, and earn or lose Bitcoin as the ETH/USD rate changes. Read Full on bitmex.com

bitmexethereumbitcoin
Coinbase Introducing New Price Oracle to Make DeFi Safer
coinbase.com
 Published 1 Day ago
Coinbase Introducing New Price Oracle to Make DeFi Safer 
Crypto exchange Coinbase is now stepping up to the plate to try to incubate adoption of DeFi, introducing a new price Oracle that is aimed at making platforms safer while also driving further adoption. Coinbase’s new Oracle, will allow platforms to source pricing data from one of the world’s most liquid exchanges, while also permitting anybody to use its public key to verify the authenticity of the data. The crypto exchange notes that this new price Oracle will help “eliminate systemic risks” while also unlocking the “next wave of growth and adoption” for DeFi. Read Full on coinbase.com

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