Regional CBDCs Can Fuel International Trade, but USD Seems Unbeatable

As central bank digital currencies continue to be researched and tested by countries across the globe, it becomes more apparent that the United States dollar’s reign might be challenged once the concept is implemented on a regional scale. While most retail CBDCs focus on internal economic matters, some projects aim to facilitate trade relations within a specific region, forming a digital alternative to the greenback. The most eloquent example would be the East Asia cryptocurrency that was proposed earlier in June — a virtual asset backed by a basket of…

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Bitcoin Cash-Fueled Blogging Website Read.cash Raises Over $100K for Collective Initiative

A few months ago news.Bitcoin.com reported on the web portal read.cash, a blogging website fueled by bitcoin cash that rewards users in crypto for producing content. Just recently, read.cash initiated a fund that aims to provide the blog’s regular users with more paid upvotes by raising funds through a “collective initiative.” On June 25, read.cash revealed that the fund has raised over $100,000 so far. There’s a web portal called read.cash that allows people to fund content creators with bitcoin cash (BCH) payments. News.Bitcoin.com reported on the project months ago,…

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Coinbase Welcomes Compound DeFi to its Platform

Coinbase announced support for COMP, the token of decentralized finance, or DeFi, project, Compound.  “Coinbase customers can now buy, sell, convert, send, receive, or store COMP. COMP will be available for customers in all Coinbase-supported regions, with the exception of New York state,” the exchange said in a June 25 blog post announcement.  The company has listed the token on Coinbase.com, with compatibility for iPhone and Android mobile application usage, the announcement detailed.  Coinbase Pro already listed Compound  Built on Etheruem’s blockchain, Compound offer’s another option for crypto-based lending within…

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Kraken Announces Largest-Ever Grant to BTCPay Server – Bitcoin Magazine

The Summer of 2020 will forever go down as the “Summer of Giving” within the Bitcoin community as yet another significant grant is being given to support open-source development. Cryptocurrency exchange Kraken has announced it has sent $150,000 worth of bitcoin to help support the further development of open-source bitcoin payment processor BTCPay Server. This gesture from Kraken marks the largest-ever donation to BTCPay and coincides with their recognition of Micro-, Small and Medium-sized Enterprises Day. “A recognition from a big enterprise like Kraken makes us feel energized. At the…

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Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle

Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data. The bulk of the volume of 2,650 BTC was sent to Bitfinex exchange, it said. Miners moving funds to crypto exchanges en masse usually indicates intent to sell. The large transfers coincided with a sharp drop in the price of bitcoin…

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ETH Transactions Near Record High as Miners Spam the Network

The number of daily transactions on the Ethereum network is approaching all-time high levels amid the rise of stablecoins and DeFi tokens — and with some miners reportedly spamming the network.  Daily usage on Ethereum spiked recently to 1.1 million transactions — a total not seen since its all-time high of 1.35 million daily transactions in early 2018.  The spike comes alongside some unusual behaviour by miners. According to Trustnodes, the Ethermine mining pool performed more than 13,000 transactions within 24 hours that were 0.05 ETH —roughly $11.70 — or…

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COMP Token Spikes 25% on Surprise Binance Listing

The price of the Compound Governance Token (COMP) has jumped by one-quarter on news of a surprise listing on leading cryptocurrency exchange Binance. COMP tokens began trading approximately one week ago, quickly making triple-figure gains and attracting millions in trade volume. Binance stated that it did not charge a listing fee for introducing the pairings.   Binance now supports pairings between COMP and Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), and BinanceUSD (BUSD). COMP spikes 25% in five minutes on Poloniex On June 25, Binance announced that it would list pairings…

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