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From the growing interest in Bitcoin and crypto to the release date of an XRP-based banking application, here are some of the stories that are emerging in the world of crypto.
Bitcoin
According to a new report from Binance, the main cryptographic exchange experienced a surge of bitcoin from institutions and retail traders in May. The report highlights an increase in transactions on the company's OTC platform and with new retail traders as key examples.
"Compared to March and April, which were relatively quiet in Altcoin, May was much more active in terms of over-the-counter trading. The initial rise in BTC was probably fueled by Blockchain Week in New York (Consensus, Magic Cryptography Conference and other events) and sparked renewed interest for BTCUSD buyers …
We have [also] The unencrypted public is obviously more interested this month and hopes that the market will "behave" so that this interest continues to grow. "
The report also points out that big traders looking for a premium to buy shares of Grayscale Bitcoin Trust are a prime example of how long institutions are going to invest in space.
"Institutional investors, currently representing (under our conservative badumptions) less than 10% of all long-term investors, increase their exposure to digital badets and cryptocurrencies, as evidenced by a near 40% premium for Grayscale Bitcoin Trust (GBTC) compared to BTC spot price at the end of May. "
The detailed report also looks at JP Morgan's new encryption badet, Facebook's reported stablecoin, the implications of Monero's latest fork, and more. You can see it here.
Ethereum
The latest edition of EthHub Weekly is published and covers everything about Ethereum.
This week's post covers new developments regarding Grayscale Ethereum Trust, Loopring, Etherum 2.0 and more.
Ripple and XRP
The founder of XRPL Labs announced that the company plans to release a beta version of its new XRP-centric banking application this year. The application, called Xign, is designed to allow users to keep and spend various currencies like the dollar and the euro, in addition to the XRP.
We will publish it when it is ready. We prefer to spend a few more months and do things well. But we are definitely considering a beta version this year.
– Wietse Wind (@WietseWind) May 31, 2019
litecoin
Bedding regulars are circulating a tweet from Loshan, developer of LTC, to announce a "good news" on the Lightning Network (LN).
Good news about Litecoin & Lightning Network soon! Follow the @LTCFoundation for the latest updates.
– Loshan (@ loshan1212) May 27, 2019
This announcement was announced following a similar exchange between OKEx, the crypto exchange, which published a tweet featuring the Litecoin logo and lightning last week.
It is time to enlighten the market.@litecoin @SatoshiLite pic.twitter.com/vpC8fLCPQ2
– OKEx (@OKEx) May 22, 2019
Stellar
The Stellar Development Foundation team has released a detailed overview of the next upgrade of the Protocol 11 platform.
The update is designed to improve network capacity and change the fee structure.
"You now choose the maximum amount you are willing to pay, but you are charged at a minimum. If the network activity is low, you will have to pay the absolute minimum. If it is heavy, you will pay the amount you specify, but not more. As a result, you can choose the highest fees with which you are comfortable, knowing that you will only pay these expenses if circumstances dictate. "
On Monday, June 10 at 16:00 UTC, the validators will vote for the upgrade of the Stellar network to protocol 11!
We have briefly described upcoming protocol enhancements and their significance for developers, users, and businesses, relying on #Stellar: https: //t.co/rvgu6RMfdt pic.twitter.com/0zoCwPpw7d
– Stellar (@StellarOrg) May 30, 2019
Tron
Tron's latest report on the Decentralized Application Ecosystem (DApp) of the platform has just been released.
According to the new edition, 55 new DApps made their debut on the network last week, the total number of DApps on the network now rising to 447.
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Disclaimer: The opinions expressed in Daily Hodl do not constitute investment advice. Investors should exercise due diligence before making high risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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