Dash trade volumes soar 282% in 2020 as commercial adoption grows
The blockchain network behind the Dash cryptocurrency posted impressive fourth-quarter and full-year results on Thursday. Dash, a cryptocurrency analog for electronic cash, recorded impressive growth in 2020 as average daily trade volumes, users and retail payments grew considerably. During its fourth-quarter livestream on Thursday, Dash Core Group reported that average trade volumes jumped 282% year-over-year, from $9.8 million to $37.4 million. On a quarterly basis, average trade volumes increased by 48%. The total volume of payments hit $916 million, up 80% from the previous year.....
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Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during the past day. While the exchange volumes soared, the trading platforms Coinbase and Kraken reported the exchanges suffered from connectivity problems.
Tuesday’s Crypto Exchange Volume Jumps 183% Higher Than Last Week, Top 5 Exchanges Record More Than....
Dash has entered a partnership with Coinfirm to create AML/KYC compliant methods of adoption for commercial and financial institutions. According to a press release from Coinfirm, this partnership marks the first-ever “interwoven solution” for cryptocurrency AML/KYC compliance. Dash Aiming at AML/KYC Compliance for Corporate Clients. According to Dash core developers, the partnership with Coinfirm “allows traditional commerce a tried-and-true pathway to embracing digital currency.” Dash finance director Ryan Taylor told press, “Coinfirm offers its customers truly world-class tools to meet....
cryptocurrency community lags severely behind Bitcoin. Recently, however, certain altcoins have begun to make inroads in business adoption (Scotcoin for example). Dash, currently the fifth most prominent cryptocurrency, debuted a vending machine at the 2016 North American Bitcoin Conference, Dash N’ Drink, to showcase Dash’s InstantX instant secure transactions. Last month, a DashPayments for WooCommerce plugin was released, further expanding the cryptocurrency’s adoption possibilities. CoinTelegraph spoke with Moocowmoo, Dash developer behind Dash N’ Drink, about the state of the....
Shake provides support for Dash, Gatecoin draws “first blood,” and ShapeShift will bring altcoins to debit cards. Want to catch up on your latest altcoin news? Read the stories below. SHAKE, RATTLE & DASH: DEBIT CARDS ON THE WAY. Bitcoin debit card provider Shake is adding Dash support to its platform, allowing customers to use Dash to purchase goods and services. Dash is labelled as the world’s seventh strongest digital currency. VP of business development at Dash Daniel Diaz expressed enthusiasm over the move, stating: “This is a very exciting financial option for the Dash community.....
According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally. Consequently, South Africa has now been relegated to the fourth position the data shows. Contrasting Regulatory Regimes Meanwhile, one report has attributed the surge in Kenya and Ghana’s P2P volumes to the two countries’ tacit endorsement of cryptocurrencies. For instance, the report points to the Central Bank....