[Xangle Briefing] “ETH transaction volume 30%↑” Major Coin on-chain activity trends show significant signs of growth

Feb 12, 2020

“ETH transaction volume 30%↑” Major Coin on-chain activity trends show significant signs of growth

https://xangle.io/mainnet-stats

*7-day On-chain Activity Trends

- ETH : Transaction Volume $3B (+30.41%) & Active addresses 2.1M (+27.7%)

- BTC: Transaction Volume $88.3B (+0.34%) & Transactions 2.3M (+3.03%)

- BCH : Transaction Volume $8B (+6.27%)

- BSV : Transaction Volume $2.8B (+20.38%)

*Key Contributing Factors

(1) Federal Reserve chairman Jerome Powell is embracing digital currency efforts and told the Committee on Financial Services that "we’re working hard on it."

(2) Over 40 german banks seek to offer bitcoin custody to Germany’s Federal Financial Supervisory Authority (BaFin) on the heels of new Anti-Money Laundering laws.

(3) Google Cloud announced that they will serve as a member of Hedera’s Governing Council, alongside other notable companies such as IBM and Boeing. The price of Hedera rose 130% in 24 hours.

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