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Crypto News of the Day (3.2) | Miners Hoarding ETH Approaches ATH• Google has employed the creator of Hyperledger and other news

4 min read
Crypto News of the Day (3.2) | Miners Hoarding ETH Approaches ATH• Google has employed the creator of Hyperledger and other news

 

Here you can find an overview of the most important crypto events in the last 24 hours.

 

Markets

The number of cryptocurrencies has already climbed over 5,000. Bitcoin failed to keep above $ 9,400. It is currently slightly weakening and moving below this level. Altcoins also move more horizontally. But the mood in the markets is still playing for bulls, the Fear & Greed index is at 59, the highest figure in the last few weeks.

 

You can monitor the current cryptocurrency prices – here.

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Cryptocurrencies

 

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Crypto exchanges / Banks

 

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Regulations / State cruptocurrencies

 

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Blockchain / Technology

 

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Miners Hoarding ETH Approaches ATH

According to data collected on the Santiment cryptoplatform and reported by CoinDesk, the amount of ether held by the ETH mining funds is almost the historically highest level of 1.69 million, originally set last October. The increase of hoarding ether by miners since the end of last year is stable, leading some analysts to conclude that confidence in this project has been restored.

 

Binance Futures opens trading with open-ended contracts for XMR / USDT

On February 2, 2020, the Binance Futures branch announced that it would open trading of open-ended contracts for trading XMR / USDT from February 3, 2020, from 08:00 (UTC). Users will be able to buy, sell and trade these contracts with up to 75x leverage.

 

Lithuania has also begun to look into the possibility of issuing a state cryptocurrency

The Lithuanian Central Bank joins the global trend by exploring the possibilities of the Central Bank’s digital currency (CBDC). Aistė Juškaitė, chief economist of the Market Infrastructure Department at the Central Bank of Lithuania, argues that digital currencies have a “significant impact” on the financial system. Juškaitė highlighted a number of benefits of these digital currencies for central banks, including providing a more stable form of money in remote regions with reduced access to ATMs and reducing costs for citizens abroad operating in the money transfer market. Juškaitė said that greater clarity of technology would allow central banks to choose a digital currency design that “mitigates potential unintended side effects”.

 

The US Congress solves Ripple and other cryptocurrencies

US Representative Tom Emmer of the 6th District in Minnesota yesterday spoke to the leaders of the payment industry at the congress hearing “Is Cash Still King”. In a brief exchange with Christine Tetrault, the Chief Political Council for Consumer News, Emmer cited Ripple and XRP as examples, along with a number of other cryptocurrencies and projects. Emmer asked Tetrault if she was familiar with the high degree of technological innovation,which still taking place in the blockchain. He also mentioned Bitcoin, Ethereum, EOS, Monero, Zcash, The Plastic Bank and M-Pesa, citing interesting innovations in digital payment technology. He also expressed concern that these innovative projects could be overridden by over-regulation.

 

Bermuda is planning a complete crypto ecosystem

During the Davos talks, there was an interview with a representative of Bermuda, a popular tax haven. According to him, this island state plans to establish a complete ecosystem with its own digital currency that would operate on a blockchain. The aim is to create a system that will allow islanders to spend the digital currency they receive on government services and thus build a bridge to link the economy with overseas. In Bermuda there is no access to services such as PayPal, Revolut, or Square, so a digital cryptocurrency could be the solution.

 

Google has employed the creator of Hyperledger to develop a new Chrome payment system

While Google is still very cautious about the direct use of cryptocurrencies, interest in distributed payment protocol technology is increasing. According to a recent Gizmodo report, the technical giant is trying to build a new payment processing API that will initially run on the iOS version of the Google Chrome web browser. The new system takes advantage of the ideas and efforts of Adrian Hope-Bailie, creator of Hyperledger and former Ripple employee. While the design is still in its initial form, the intention is to implement a new technology based on the vision of the World Wide Web consortium. An optimistic approach to this connection suggests that Ripple ideas could find common ground with Google.

 

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