Crypto becoming normal in Asia to Bitcoin being safer option to invest here's top 5 news of the day
1) Todd Morakis, Co-Founder of JST Capital believes DBS bank’s move shows cryptocurrency is becoming normal in Asia.
A few days ago DBS bank, one of the largest banks in Singapore announced to come up with DBS Exchange which will support Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ethereum Classic, (ETC), and Ripple (XRP). After this move of DBS bank Todd Morakis, Co-Founder of JST Capital Said:
You’re going to see other banks come out and start saying what they plan on doing with [crypto] It’s really going mainstream.
2) Novogratz says Bitcoin is becoming a safer option to invest.
Mike Novogratz, CEO of Galaxy Digital tweeted 22 hours as per the time of publishing "On a risk-adjusted basis, BTC is an easier bet today than it has ever been, It’s being de-risked daily". In an interview with Bloomberg TV, he said "I don't think Bitcoin is going to be used as a transactional currency any time in the next five years, Bitcoin is being used as a store of value".
3) ConsenSys seals sixth central bank digital currency project this time its digital Euro.
ConsenSys, blockchain software technology company will team up with Société Générale Forge, the digital capital markets platform of a major financial services group for experimenting with Digital Euro. Along with the two mentioned above, the Banque de France has partnered with Accenture, Euroclear, HSBC, and others for experimental work related to the development of the digital Euro. Both ConsenSys and SG Forge will provide technology and expertise. ConsenSys is already a part of a lot of CBDC development project.
4) In the middle of the global employment crisis Telos is coming up with a platform for gigs.
Similar to Upwork and PeoplePerHour, Telos will launch a platform based on its public blockchain focused on empowering mass adoption. This platform will be developed by the MydAppr team. Douglas Horn, the chief architect of the Telos blockchain said:
This is the real power of high-capacity blockchain. Now anyone can instantly create a free Telos account with an easy to remember name and log into it with no more hassle than logging into Twitter. It’s a mass adoption-ready platform that’s desperately needed right now as people try to figure out reliable new ways to earn income and perform business tasks in the post-COVID world.
5) Bitcoin transaction fees increases by 198%.
Glassnode, crypto market data aggregator tweeted on 27 Oct, 2020 The percentage of Bitcoin miner revenue from fees increased to 22.25% and now 77.75% comes from block rewards. This share of transaction fee is the highest observed since January 2018 last all-time high. Bitcoin transaction fees have tripled in three days, from $3.52 to $10.20 on average.