Saturday, November 21, 2020

Crypto News Cast For November 21st 2020 ?

Crypto News Cast 📮 21-11-2020

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $534 B
📊24h Mcap %:        5.68%
⚠️Bitcoin Dom:        64.7 0%
📌Active Coins:       4,662
📍24h Vol %:            32.58%
💲24h Vol:                $179 B

Crypto News Updates :

  • Ether Wallet Addresses With At Least 1 ETH Hits Record High
  • Grayscale Buys Over $188 Mln Worth of Bitcoin In Single Day
  • Global Search Volume For Bitcoin Is Higher Than In 2017 Bull Run
  • Morgan Creek Registers Bitcoin Fund With SEC
  • US Government to Use USDC to Bypass Venezuela's Maduro
  • BlackRock CIO Says Bitcoin Is Here To Stay and Will Replace Gold
  • American Rapper ‘Logic’ Acquires $6 Million Of Bitcoin
  • MUFG Plans to Launch Blockchain Payment Network in 2021


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- Ether Wallet Addresses With At Least 1 ETH Hits Record High

The Bitcoin (BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn’t the only coin to be showing strong positive indicators. According to data from Glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit an all-time high on Nov. 19. The high number of Ether holders could be due to the popularity of decentralized finance, and associated tokens that use the Ethereum network addition to this, the current launch date for Ethereum 2.0 Phase 0 is currently set for Dec. 1. Read Full on cointelegraph.

- Grayscale Buys Over $188 Mln Worth of Bitcoin In Single Day

 Grayscale managing director Michael Sonnenshein has taken to Twitter to boast another major Bitcoin acquisition made within one day. This time, the company scooped up more than $188 mln worth of Bitcoin on Nov. 19. The amount of daily absorption grows as, prior to that on November 12 Michael Sonnenshein that Bitcoin Trust acquired over $115 mln in Bitcoin. The total amount of crypto assets under grayscale management has now surpassed $10 bln. Read Full on U.Today

- Global Search Volume For Bitcoin Is Higher Than In 2017 Bull Run

According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in the December 2017 bull run was lower than in November 2020. Citing SEO data provider SEMrush, Michelson said that Bitcoin-related global monthly search volumes in November 2020 accounted for 8.9 million. This is 356% more than BTC search volumes recorded back in December 2017, which amounted to 2.5 million, according to Michelson’s data. Read Full on cointelegraph.

- Morgan Creek Registers Bitcoin Fund With SEC

Morgan Creek Capital registered a new Bitcoin fund, called the Exos Risk-Managed Bitcoin Fund, with the SEC yesterday. The private equity fund is designed to provide exposure to Bitcoin, and reduce volatility of returns. In addition—according to the website—the fund will fully allocate capital to Bitcoin based on positive indicators, and reduce or exist its position when indicators are negative. An incentive fee of 20% above Bitcoin return is also applied. Read Full on Decrypt.

- US Government to Use USDC to Bypass Venezuela's Maduro

Circle, which along with Coinbase issues the USDC stablecoin, announced today that it has coordinated with the US government to route aid for Venezuelan healthcare workers through the Latin American country's government in exile. The US recognizes Juan Guaidó, not Nicolás Maduro, as Venezuela's rightful president. Maduro has blocked the exiled government's access to cash, but Guaidó has access to seized Maduro regime funds within the US. Circle is helping route these funds to Venezuelan health workers using its USDC stablecoin. Read Full on Decrypt.

- BlackRock CIO Says Bitcoin Is Here To Stay and Will Replace Gold

Bitcoin—and by some extension the wider cryptocurrency industry—has received praise from several high profile names in the traditional finance world in recent months. Now, it seems, Bitcoin has another fan. Blackrock CIO Rick Rieder said today on CNBC that Bitcoin is here to stay. He told that digital currency, and millennial’s receptivity of technology and cryptocurrency is real. He also pointed out that Bitcoin is a durable mechanism that could take the place of gold in the future as it is much more functional than passing a bar of gold around. Read Full on twitter.

- American Rapper ‘Logic’ Acquires $6 Million Of Bitcoin

Prominent individuals are jumping on Bitcoin like never before. American rapper Sir Robert Bryson Hall II alias Logic has joined a list of celebrities who have invested in the crypto market, particularly Bitcoin. The rapper Logic revealed through an Instagram video that he had purchased $6 million worth of Bitcoins last month. He said in the video that the move was a “YOLO”—short for “You Live Only Once”—investment, and even changed his Twitter name to "Bobby Bitcoin." Read Full on Decrypt.

- MUFG Plans to Launch Blockchain Payment Network in 2021

Mitsubishi UFJ Financial Group (MUFG), one of the largest banking institutions in Japan, is set to launch its high-speed blockchain payment network with the U.S.-based tech firm Akamai in 2021. MUFG and Akamai aim to provide cheaper and more efficient payment services via their joint venture Global Open Network (GO-NET). The network also plans in July of next year to start a service allowing customers to buy canned and bottled beverages at some vending machines in Japan by placing a credit card on a machine reader. Read Full on CoinDesk.
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