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ECB Urges Commercial Banks to Find Own Transfer Systems
The European Central Bank has urged all commercial banks within its territory to come up with their own transfer systems instead of relying on the Facebook-allied stablecoin Libra. According to the new ECB President Christine Lagarde, central banks should consider stablecoins to stay ahead of the curve.
The Litecoin Foundation has announced that they have struck a deal with Bitgo to utilize BitGo’s multi-signature wallet for its crypto custodial needs. However, neither companies have furnished the details of the partnership.
Tyler Winklevoss, the CEO of cryptocurrency exchange and custodian company Gemini Exchange, has said that cryptocurrencies are more than just form of money. He said that with time, cryptocurrencies would acquire a more crucial role in the daily lives of people like email and other web applications already have.
Burger King in Venezuela has opened its doors to payments through cryptocurrencies, including Bitcoin, Ether, Litecoin, Binance Coin, Dash, and stablecoin Tether. The news came to light after the company tweeted about the partnership.
The statistics of Muir Glacier, the Ethereum network’s hard fork that commenced on 1st January, suggest that the hard fork reduced the block time by 25%. The analytical data revealed that the block time had decreased from 17 seconds to 12.69 seconds.
Andreas Antonopoulos, the author of Mastering Bitcoin, recently said in an interview that Bitcoin’s inflation rate would have no impact on the U.S.Dollar. He rubbished any such beliefs and called them “short-sighted”.
Ripple’s CTO David Schwartz has drawn parallels between his firm and Apple’s iPhones in his latest tweets. Arguing against the view that Ripple’s centralized hold over XRP supply and node operations would help Ripple, Schwartz said that people don’t care about creating value for others as long as the product is helpful for them.
Bitcoin transactions using the so-called Segregated Witness (SegWit) technology have reached a record high of 66% adoption. While the volume had increased significantly in September 2019 reaching 40%, the numbers exceeded 50% by October.
Top Crypto Gainers of the Day
Dash Cash 46.96%
BenePit Protocol 41.33%
Top Crypto Losers of the Day
Fortem Capital -42.32%
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