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The price of bitcoin surpassed the $10,000 mark shortly after President Trump finished a speech on law and order.
The cryptocurrency-powered Brave browser now has over 15 million monthly active users, after adding another 1.5 million between April and May.
Crypto travel booking website Travala has seen its revenue grow 200% amid the global COVID-19 pandemic, with part of it coming from growing brand recognition.
Join CryptoCompare and Bequant for a free interactive webinar to explore the effects COVID-19 has had on the global financial paradigm and the future of digital assets. Register here.
Top stories in the Crypto Roundup today:
- Bitcoin Goes Above $10K 15 Minutes After President Trump's Speech on Law and Order
- Brave Browser Adds 1.5 Million Monthly Active Users in Two Months
- Crypto Travel Booking Website Travala Sees Revenue Grow 200% Amid Pandemic
At the time of writing, bitcoin (BTC) is trading at $10,134.68 (6.57%) with a daily Top Tier volume of $3.86 bn. As for ether (ETH), it is trading at $249.20 (5.53%) with a daily Top Tier volume of $1.96 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,364.40 (4.75%).
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Bitcoin Goes Above $10K 15 Minutes After President Trump's Speech on Law and Order
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The price of bitcoin surged above $10,000 for the first time since May 7 about 15 minutes after U.S. President Donald Trump finished a speech on how he was going to stop the rioting and looting going on across the country.
The speech came on the sixth day of riots across the United States over the death of George Floyd whilst under the custody of Minneapolis police. In the speech, Trump said “all Americans were rightly sickened and revolted by the brutal death of George Floyd… but we cannot allow the righteous cries and peaceful protesters to be drowned out by an angry mob.”
The President further added that the rioting’s biggest victims are peace-loving citizens in our poorest communities and that he will “fight to keep them safe.” Per Trump, over the last few days the nation “has been gripped by professional anarchists, violent mobs, arsonists, looters, criminals, rioters, Antifa, and others.” He added:
"That is why I am taking immediate presidential action to stop the violence and restore security and safety in America. I am mobilizing all available federal resources — civilian and military — to stop the rioting and looting, to end the destruction and arson, and to protect the rights of law-abiding Americans.”
Around 15 minutes after the speech ended the price of Bitcoin surpassed $10,000, and around 30 minutes later it was trading at $10,300.
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Brave Browser Adds 1.5 Million Monthly Active Users in Two Months
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The cryptocurrency-powered Brave browser has added 1.5 million monthly active users (MAU) in April and May, taking its total monthly active users base to 15.4 million. The privacy-centric browser now has 5.3 million daily active users.
Its Brave Ads have brought in 1,530 campaign since they were launched last year, and their Sponsored Images – images with a company’s logo that appear when users open new tabs – have attracted 25 campaigns since February 2020.
Brave Ads are now supported in 183 countries throughout the world, letting users earn BAT tokens for seeing privacy-respecting ads while browsing the web. These have, according to Brave, delivered a CTR (click-through rate) of 9%, compared to the industry average of 2%.
The browser now has over 700,000 verified creators on platforms such as Twitter, YouTube, GitHub, Video, Reddit, and on websites throughout the web. These content creators receive BAT from users.
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Crypto Travel Booking Website Travala Sees Revenue Grow 200% Amid Pandemic
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Cryptocurrency travel booking website Travala.com has seen its revenue grow 200% in May compared to April, as a total of 541 rooms were booked via its website last month. Out of these, a total of 16% were paid for in its native cryptocurrency AVA, while 21% were paid for in bitcoin.
In total, Travala revealed, 60% of payments made through its website used cryptocurrencies, while only 40% used credit cars or PayPal. Travala’s growth came in the same month it merged with Binance-backed flight booking platform TravelbyBit, allowing it to add flight bookings to its platform.
Speaking to CoinTelegraph Travala’s CEO Juan Otero revealed he believes the rise in cryptocurrency payments wasn’t just related to growing crypto adoption. He said:
“We’re fortunate to see our users coming back as soon as they have the opportunity to travel again, even if it is just locally or for short weekends nearby. [...] The increase is mainly driven by domestic travel.”
Its growth was also propelled by an increase in organic traffic for its brand. Its report showed a 370% growth in traffic from search engines to its website, and a 53% growth for paid traffic. Traffic from social media and referred to Travala com other websites grew 69% and 130% respectively.
Travala, it’s worth noting, has signed a partnership with Booking.com allowing its users to travel to any of the 120,000 destinations available on the platform. Its most popular destinations in May, it revealed, were the United States, Thailand, Spain, the Netherland, Australia, Poland, and Vietnam.
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Enjin (ENJ) is the Daily Mover
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This week’s Daily Mover featured asset is Enjin (ENJ), a blockchain gaming platform where players can manage non-fungible tokens (NFTs) they have earned through various games. These tokens can then be traded by users on the Ethereum blockchain. The team behind ENJ has built software development kits in multiple languages to allow gaming platform to integrate the NFTs.
ENJ’s FCAS score has grown 10.78% over the past month, thanks to a 27.96% growth in developer behavior, and a 2.82% rise in user activity. Its market maturity has remained stable. Earlier this year Enjin announced the launch of its game development platform on Ethereum,, allowing developers to integrate cryptoassets into their games without needing to know how to write blockchain code.
In April, its wallet was reportedly certified and fully compliant in China, while last month the team built EnjinCraft, an open-source blockchain plugin allowing players to spawn assets in the Minecraft Java edition without writing any code. Minecraft is one of the world’s most popular games, acquired by Microsoft for $2.5 billion in 2014 with now over 126 million active players every month.
Enjin’s advantage, it’s worth noting, is letting users keep their in-game items. When players buy an item in a game they don’t own it, they get a license to use it by the game company. Blockchain technology gives them ownership of these items and allows them to be traded or sold.
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Join CryptoCompare's first webinar this Thursday
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Join CryptoCompare and Bequant for a free interactive webinar to explore the effects COVID-19 has had on the global financial paradigm and the future of digital assets. This is Part 1 of a two-part webinar series. Part 2 will follow on the 11th of June, same time (details to follow).
Drawing on the expertise of four speakers, the webinar addresses topics such as:
- Digital asset regulation in light of the current climate
- Market adaptation and the use for digital assets post Covid-19
- Institutional adoption in the present context
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