A brief overview of the recent news happening in the crypto world, as presented to you by the fee-free exchange with one of the most competitive exchange rates in the market - VHCEx
Lightning Network keeps seeing massive growth
A recent Reddit’s thread reported the unusual LN growth. In just a few hours, Lightning Network capacity jumped from 824 to 980 BTCs (approx. $4 million growth). At the time of this writing, the LN capacity has reached 1065.43 BTC which is 50% growth in the last 30 days. This growth could be due to the massive buying of Case nodes.
ICE expands crypto data feed
According to ICE latest tweet, the company has expanded its crypto data feed up to 1000 coins. At the time of this writing, only 58 coins were listed. Seems like ICE still has a lot of works to do.
CoinMarketCap has added a new rating system providing insight into the fundamentals of a cryptocurrency project
The new rating system dubbed the Fundamental Crypto Asset Score (FCAS) measures cryptocurrency projects “health” by considering user activity, developer behavior, and market maturity. Basically, the service provides insight into the growth and development of a project.
User activity takes into consideration all customer behavior for a specific cryptocurrency and comprises project utilization and network activity factors. The score is calculated by analyzing activity within a particular blockchain and labeling wallet addresses to determine the number of users, exchanges, contracts, and other types of participants.
IBM hinted the launch of their own stablecoins
We've already twitted about it and, as our community has rightfully noted, this is big news for all of us.
On March, 15th, IBM Head of blockchain, Jesse Lund hinted in an interview with Chaddar that a major development for cross-border solutions is imminent. Additionally, Jesses also said that banks would be able to issue their own stablecoin in their native fiat currency.
That’s it for today, thank you for your time.
Your VHCEx team.