One Stop Cryptocurrency NewsCast For Today ?

📮 28-11-2019

📈 Market Cap:               $206B

📊 24hr Change:-            0.18%

⚠️ Bitcoin Dom :             65.7%

📌 Active Coins:               2,522

📍 24h Vol %:                 12.87%

💲 24h Vol:                     $63 B

1.  The Bakkt bitcoin futures contracts peaked to a new high, signaling strong institutional interest in BTC. During a period of high volatility for bitcoin, the futures market picked up in earnest, breaking the previous record from last week and continuing on a streak of records over the past months. Bakkt now trades above 2,000 BTC per day, about two months after its launch. The daily trading volume of the crypto-oriented futures exchange has reached its highest level to date. Bakkt has so far managed to trade 3,151 BTC worth $23 million.

2.  India’s Ministry of Electronics and Information Technology (MeitY) said that it recognizes the potential of blockchain technology and the need for the development of a shared infrastructure to carry out related use cases. The Ministry added that it is working on the “National Level Blockchain Framework.” Sanjay Dhotre, minister of state for electronics and IT noted blockchain’s capability and potential in sectors such as governance, banking, finance and cybersecurity, among others.

3.  Major science and technology magazine The New Scientist have released a new Report and criticized the assumptions underlying earlier claims that Bitcoin’s energy consumption may be as high as 63 megatonnes of CO2 annually. Breaking down the emissions within China to a more regional level produced a much lower global footprint for Bitcoin of 17.29 megatonnes of CO2 in 2018. While coal-heavy Inner Mongolia accounted for just 12.3 per cent of bitcoin mining which translates into an out-sized 25% share of total emissions.

4.  BloXroute’s "BDN" a scalability-focused blockchain startup, lowered average block propagation time on the Ethereum mainnet in half from 360ms to 172ms, a decrease that could help scale the popular ethereum blockchain. BDN is already running in some of the mining pools and that it will be gradually introduced to more larger pools. BloXroute CEO Uri Klarman said that it is “not just about making the network faster, it is about making it bigger, without making it slower.”

5.  The Federal Council – the executive body that constitutes the federal government – adopted a proposal to improve the legislative framework for the nascent technology. According to a notice from Switzerland's federal finance department, the move is aimed at "increasing legal certainty, removing barriers for applications based on distributed ledger technology (DLT) and reducing the risk of abuse." The Federal Council said, Switzerland's existing legal framework has room for improvement in some areas.

6.  High-throughput distributed ledger technology (DLT) platform Zilliqa (ZIL) has partnered with London-based blockchain analytics firm Elliptic to use the latter’s suite of tools in enhancing the security and anti-money-laundering (AML) compliance of its platform. Reportedly, the use of these tools will help to reduce the exposure of the Zilliqa ecosystem to fraudulent financial activities, by identifying, preventing, and investigating illicit transactions on the platform.

7.  Perpetual Energy is a trusted Renewable Energy company, which let's you Invest in one of the first companies that utilizes renewable energy to generate power to mine crypto currencies with daily payouts. Located in Peru, Company is licensed by the Peruvian government to provide renewable energy resources. Company specialized in Solar, Wind and Hydro Energy guarantees a consistent flow of electricity regardless of seasonal changes impacting electricity generation.

8.  In the face of strict banking limitations and a dollar shortage that have sparked widespread layoffs and protests in the Middle Eastern country, bitcoin is helping some Lebanese get by. In that context, remittances are a lifeline. “I believe bitcoin is helpful, especially for expats looking to send money to help family in Lebanon,” a bitcoiner in Beirut said. “It’s working. It’s sufficient. Bitcoiners should help with education, not saying that bitcoin will make you rich...but why it works and how it can work for us,” he said.

9.  Binance has partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites. The card will function like a traditional prepaid card with access to additional discounts and rewards that users will be able to load with Bitcoin (BTC), Binance USD (BUSD), Binance Coin (BNB) and Ontology (ONT). The service will reportedly allow its customers to book flights and hotels through major booking sites including Booking.com, Expedia, Agoda, and Ctrip.

10.  Twitter CEO, Jack Dorsey, reveals in a tweet that he will spend up to half of 2020 in Africa, as he believes that the continent will ‘define the future’, especially the Bitcoin one. The continent’s crypto industry is growing rapidly, as even the unbanked and underbanked areas still have access to the internet, and therefore — cryptocurrency. Twitter CEO is known for being a visionary, and if he believes that Africa has great potential for the future, others might follow his lead before long.