Federal Reserve Reveals Details on “FedNow” Payments Service – August 11

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $11,749

Bitcoin price held a tight range over the last day of trading, with the majority of price action remaining between $11,700 and $11,950

Top-20 altcoins have mostly fallen by small amounts, as Ethereum and Bitcoin Cash fall by 1% each. XRP has gained 2%, while Tezos and IOTA stand out with gains of 14% and 16 percent, respectively.

Top Stories for August 11, 2020 ๐Ÿ”ฅ

๐Ÿ‘‰ Federal Reserve Reveals Details on “FedNow” Payments Service

The Federal Reserve Board has released details on its “FedNow” 24x7x365 interbank settlement service, for instant payments in the US.

The target launch for the service is in 2023-2024, with the very first release of the service supporting core clearing and settlement features to support the transition to a 24x7x365 system.

It is not yet known if the system will be based on distributed ledger technology, however the urgency of the project is known to have been sparked by Facebook’s Libra, and China’s DCEP.

๐Ÿ‘‰ Uniswap Decentralized Exchange Added 58K Users During July

Decentralized exchange Uniswap has added 58,000 new users over the month of July, marking a record high for growth.

The number more than doubled its figure for new users in June, which was around 25,000. August has already witnessed 27,000 new users, putting it on track to match the growth rate for July.

Uniswap facilitates the simple exchange of Ethereum ERC20 tokens, as well as providing price oracles, flash swaps, and more.

๐Ÿ‘‰ Grayscale Investments Launches Mainstream TV Advertisement Campaign

The worldโ€™s largest digital currency asset provider, Grayscale Investments, has launched a mainstream TV advert campaign.

The advert depicts the evolution of money over centuries of human existence, eventually highlighting the unlimited printing of fiat currency and proposing cryptocurrency as a solution.

So far, the advertisement has slots on channels including CNBC, MSNBC and FOX.