One Stop Cryptocurrency NewsCast For Today ?

๐Ÿ“ฎ 21-12-2019

๐Ÿ“‰ MarketCap:                  $193 B
๐Ÿ“Š 24h Mcap %:                  1.24%
⚠️ Bitcoin Dom:                 67.4%

๐Ÿ“Œ Active Coins:                2,419

๐Ÿ“ 24h Vol %:                 -13.84%
๐Ÿ’ฒ 24h Vol:                     $44 B

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1.  Paul Gosar, an Arizona Congressman, has introduced a draft bill, aimed at finally bringing regulatory clarity to the cryptocurrency industry in the United States. One of the key things that the draft bill does is define three types of crypto asset; crypto commodities, crypto currencies, and crypto securities, per a discussion draft of the proposed bill. Each type of crypto-asset would fall under the jurisdiction of a different regulatory body, to act as the ‘Federal Crypto Regulator’ or ‘Federal Digital Asset Regulator’ for that type.

2.  Bill Pulte, the heir to the Detroit real estate giant PulteGroup who gained popularity by giving out hundreds of thousands of dollars to strangers on Twitter, is big on Bitcoin and believes it could be used to fight poverty in Africa. When it comes to Bitcoin, most highlight its ability to provide financial freedom from governments and other regulators. Few, however, see Bitcoin as a tool that can be used to fight poverty. Bill Pulte, believes the world’s largest cryptocurrency is the most efficient way to give to those in need.

3.  Ripple, the blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in a new funding round. The new funding will reportedly help Ripple to continue improving its global payments network and the broader utility of the digital asset XRP and the XRP Ledger, the announcement reads. The new investment is claimed to mark a record year for the business as Ripple reportedly saw its “strongest year of growth to date in 2019.” Ripple CEO Brad Garlinghouse said that the company has continued to gain momentum.

4.  Fundstrat’s Head of Research, Tom Lee, seems to be very positive about the future of Bitcoin. He mentioned that predictions stating that BTC will hit $250,000 by 2022 might be more than just optimistic. However, he did admit that BTC is known for making unpredictable moves. Lee believes that the next few years will be very good for bitcoin, and that it will achieve massive success. He also pointed out that 2019 was a very successful year for the coin, despite the extreme volatility, as its price is currently more than twice as it was at the beginning of the year.

5.  Japan’s top credit card issuer JCB plans to adopt a new business-to-business (B2B) payment solution based on blockchain technology. JCB has signed a Memorandum of Understanding (MoU) with blockchain-based commercial payments platform Paystand to develop a digital payment platform for enterprises and customers in Japan. The new joint development aims to cut costs and delays associated with “pre-internet technology” that is still practiced in Japan’s $10 trillion B2B market that is still dominated by cash transactions.

6.  Japanese financial services giant SBI has partnered with Germany’s second-largest stock exchange Boerse Stuttgart Group to promote the adoption of digital assets. SBI will invest an undisclosed amount in two digital asset-focused subsidiaries of Boerse Stuttgart Group — Boerse Stuttgart Digital Exchange (BSDEX) and Boerse Stuttgart Digital Ventures. As per announcement they will jointly build a blockchain-based digital asset financial ecosystem and promote demand for digital assets in Europe and Asia.

7.  Morgan Creek CEO Mark Yusko took a jab at CNBC for "almost laughing" at his prediction about Bitcoin trumping US equities. He also added that no one is willing to bet $1 mln, on the number one cryptocurrency that will continue to outperform the US stock market in the 2020s. Even after substantial correction in second half of 2019, bitcoin is up 80% year to date, whereas US stock market is currently up by more than 27 percent, but it didn't come close to the cryptocurrency that started it all.

8.  ร†ternity blockchain-based Accelerator Starfleet funding is soon made available in India following a successful accelerator programs in Malta. The Accelerator program is scheduled to commence on the 27th Jan 2020 in Bangalore city. Application deadline is set for Jan 5, 2019. The programme will see selected startups enjoy a series of benefits like around $10,000 funding, guidance and incorporation to the รฆternity ecosystem and blockchain events. AE Ventures is set to provide up to $100,000 AE Tokens to the selected team in Genesis week.

9.  The Bahrain-based crypto exchange, ‘Rain’ announced recently on Twitter that they had received a license from the Central Bank of Bahrain. This will allow the exchange to accept local currencies in and around Bahrain like Saudi Arabia, the United Arab Emirates, Kuwait, Oman, etc. The exchange has currently listed Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], and XRP. Fiat currencies that the exchange support include, Bahraini dinar, Saudi Riyal, United Arab Emirates dirham, Kuwaiti dinar, Omani rial and US dollar.

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