# Bitcoin News
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August 6,2020 by Shaurya Malwa at Bitcoin
An American public company is choosing alternative assets like Bitcoin and gold to battle the rising threat of overinflation, per an announcement on August 5. Moving into Bitcoin MicroStrategy, a publicly-traded company on the NASDAQ worth over $1.2 billion at press time, told shareholders last week that it plans to...
August 5, 2020 by Osato Avan-Nomayo at
Bitcoin
Bitcoin (BTC) and gold appear to be the popular asset choices for investors depending on their age group. Haven assets are seeing significant price increases as worry mounts over the future of global economies amid the ongoing coronavirus epidemic. COVID-19 Fears Pushing Investors to Bitcoin and Gold According to Bloomberg...
August 5,2020 by Ogwu Osaemezu Emmanuel at Bitcoin
Jack Dorsey’s Square has announced on August 4, 2020, that it generated a massive $875 million in bitcoin (BTC) revenue via its Cash App platform in the second quarter of 2020. The firm’s report shows that over 30 million people used Cash App in June, with more than seven million...
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Press Releases
# Blockchain News
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August 6,2020 by Ogwu Osaemezu Emmanuel at Blockchain
Honeywell Aerospace, a leading manufacturer of aircraft engines and parts, has upgraded its existing distributed ledger technology (DLT) solution to enable faster and more seamless data retrieval from its database, according to reports on August 6, 2020. Making Aircraft Data Storage Easier with DLT In a bid to promote superfast,...
August 5, 2020 by Ogwu Osaemezu Emmanuel at
Blockchain
Schuttelaar & Partners (SP), a Brussels-based firm that claims to be focused on creating a fair, healthy, and sustainable food ecosystem, has joined forces with Amru Rice, a major exporter of rice in Cambodia. The alliance is aimed at using distributed ledger technology (DLT) to track the entire rice supply...
August 4,2020 by Dalmas Ngetich at Blockchain
The Atlanta-based Coke One North America (CONA) services--a tech partner of North America’s 12 largest Coca-Cola bottlers, plans to utilize the Baseline Protocol as a technical backbone and establish the Coca Cola Bottling Harbor in partnership with Provide and Unibright. This will enable a “low barrier network joining process for Coca-Cola Bottling...
# Altcoins News
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August 6,2020 by Ogwu Osaemezu Emmanuel at Altcoins
IOTA (MIOTA) a distributed ledger technology (DLT) and internet of things project (IoT) dedicated to bridging the gap between machines and the real world, is part of the innovative projects participating in the EUR 80 billion European Union research program dubbed the CityxChange project. The CityxChange project is part of...
August 6, 2020 by Shaurya Malwa at
Altcoins
A new DeFi project wants to make the current flavor of cryptocurrencies - yield farming - cheaper to access, run, and operate for retail users, Decrypt reported August 5. Making Farming Cheaper Set Protocol, a DeFi project, plans to bring yield farming as one of its automated trading strategies offered...
August 6,2020 by Dalmas Ngetich at Altcoins
Barely a week after nefarious agents took control of the Ethereum Classic network, double spending $5.6 million worth of ETC, the 24th largest project by market cap is once again under attack. Earlier today (Aug 6, 2020), CoinDesk reported that 4,000 ETC blocks were “reorganized” in a classic 51 percent attack....
# Regulation News
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August 6,2020 by Anthonia Isichei at Regulation
China’s central bank digital currency could be inching closer to its official launch, as some top state-run commercial banks in the country are reportedly trialing a digital wallet for the national digital currency. Digital Wallet App Used for Payments and Transfer According to Reuters on Thursday (August 6, 2020), the...
August 6, 2020 by Aisshwarya Tiwari at
Regulation
The Grayscale Ethereum (ETH) Trust has filed to become a US Securities and Exchange Commission (SEC) firm. This, according to a recent filing made with the US financial regulator. Grayscale ETH Trust Wants to Become an SEC Reporting Company Grayscale Investment, the world’s largest crypto asset fund manager recently filed...
August 6,2020 by Aisshwarya Tiwari at Regulation
Ryozo Himino, the new chief of the Japanese financial regulator – the Financial Services Agency (FSA) – told Reuters there is no need to promote non-fiat pegged cryptocurrencies such as bitcoin (BTC). Rather, the focus should be given to the development of central bank digital currencies (CBDC). Promoting Cryptocurrency Trading...
# Price Analysis
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Total crypto market cap added $15.2 billion to its value since Monday morning and now stands at $353.3 billion. Top ten coins were mostly in green for the last 24 hours with bitcoin (BTC) and ChainLink (LINK) being the best performers with 3.2 and 3.1 percent of gains respectively. At...
The total crypto market cap added $31.8 billion to its value for the last seven days and now stands at $338.6 billion. The top 10 currencies were mostly in green for the same period with Ripple’s XRP adding 36.5 percent to its value while Cardano (ADA) lost 9 percent. By...
Total crypto market cap added $17.2 billion to its value since Monday morning and now stands at $324.6 billion. Top ten coins were mostly flat for the last 24 hours with Crypto.com Coin (CRO) adding 1.5 percent to its value while Cardano (ADA) lost 2.6 percent. At the time of...
# Ethereum News
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August 5,2020 by Aisshwarya Tiwari at Ethereum
The smart contract platform’s gas fees finally seem to be dipping as network congestion shows signs of easing. Ethereum Network Congestion Easing The months of June and July witnessed unprecedented transaction activity on the Ethereum (ETH) network, buoyed by the astronomical rise in popularity of decentralized finance (DeFi) protocols such...
August 5, 2020 by Aisshwarya Tiwari at
Ethereum
Ethereum’s highly-anticipated multi-client Medalla testnet is now live with 20,000 validators. The Final Testnet Before ETH 2.0 Ethereum’s final testnet before the launch of ETH 2.0, Medalla went live on August 4, 1 PM UTC. According to the team, the Medalla testnet is essentially a “dress rehearsal” for the impending...
August 3,2020 by Shaurya Malwa at Ethereum
A security team has been set up to handle any security issues ahead of Ethereum’s staking upgrade, a developer said Sunday. Bolstering Security The Ethereum Foundation (EF) is not taking any chances when it comes to the much-awaited ETH 2.0 launch. The protocol has been delayed numerous times (it remains...
