Bitcoin price jumps 10%, EY releases Ethereum solution cutting transaction costs by 90% and Blockchain.com’s exchange adds GBP as Brexit looms
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Market moving, important and interesting news
19–12–2019
Bitcoin price jumps 10%
Bitcoin surged by over 10% on Wednesday, the biggest single-day gain since 25 October.
Prices had slumped to seven-month lows below 6.500 USD on Wednesday, but the breakdown was quickly undone and the cryptocurrency was trading above 7.400 USD before midnight.
Bitcoin is currently trading around 7.150 USD.
EY releases Ethereum privacy solution cutting transaction costs by 90%
Accounting firm EY released an improved privacy solution for Ethereum. The solution uses third-generation zero-knowledge proof (ZKP) technology.
Paul Brody, global blockchain leader at EY, said: “With this iteration, we cut the cost per transaction by more than 90% again”.
Blockchain.com’s exchange adds support for GBP as Brexit looms
Blockchain.com’s crypto exchange, The Pit, has added support for GBP, with UK Faster Payments Scheme (FPS).
As Brexit looms, it will allow users to buy Bitcoin and Ethereum in “less than five minutes”.
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