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Crypto News Cast For December 1st 2020 ?


Crypto News Cast 📮 1-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap:          $563 B
📊24h Mcap %:       -12.59%
⚠️Bitcoin Dom:        62.50%
📌Active Coins:       4,763
📍24h Vol %:            42.69%
💲24h Vol:                $230 B

Crypto News Updates :

  • Tezos To Integrate Zcash Privacy Feature In Next Upgrade
  • Huawei Lists TRON's BitTorrent On Their Latest Devices
  • AllianceBernstein, Global Investment Giant Recommends Bitcoin In Investors' Portfolio
  • Niall Ferguson: US Should Integrate Bitcoin Into US Financial System
  • Winklevoss Twins Believes Bitcoin Will Eventually Hit $500,000
  • Venezuelan Army Turns To Crypto Mining As Their Economy Collapses
  • Coinbase To Support ETH 2.0 Staking In Early 2021
  • Ethereum Surpasses Bitcoin In Number Of Node Counts


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- Tezos To Integrate Zcash Privacy Feature In Next Upgrade

Key features of the Zcash blockchain are going to be merged onto the Tezos blockchain, giving its users optional privacy. Nomadic labs, Marigold, and Metastate (Tezos developers) said they are working hard on some improvements and upgrade tagged "Edo". Edo features will include implementation of Sapling (privacy feature), ticket system (allows contract to grant portable permissions to other contracts), fifth period (to help with future upgrades) and some minor bug fixes. Read Full on Decrypt.

- Huawei Lists TRON's BitTorrent On Their Latest Devices

Huawei partners with BitTorrent, TRON's project giving over 3 billion Huawei users access one of the largest decentralized network on their latest devices. With over 100 million active users globally and over 2 billion app installations, BitTorrent is the largest decentralized network in he world. An independent TRON community team is working towards building a protocol that will bridge Huawei and TRON network through BitTorrent in other to leverage its file sharing system. Read Full on BTCMANAGER.

- AllianceBernstein, Global Investment Giant Recommends Bitcoin In Investors' Portfolio

Inigo Fraser Jenkins, co-head of the portfolio strategy team at Bernstein Research, recognized Bitcoin as great store of value, a medium of exchange and a hedge against inflation just like gold. AllianceBernstein research recommends Bitcoin as core part of investor's portfolio taking up to 1.5% to 10% which is significant compared to allocations of other assets. Fraser Jenkins also saw the volatility in Bitcoin as a desirable advantage. Read Full on CoinDesk.

- Niall Ferguson: US Should Integrate Bitcoin Into US Financial System

British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems. He said that U.S authorities should recognize the benefits of integrating Bitcoin into the U.S. financial system as it already have methods in place to deal with enforcement surrounding Bitcoin. He added pandemic has generally been good for crypto adoption, accelerating a “monetary revolution” around the world. Read Full on bloomberg.

- Winklevoss Twins Believes Bitcoin Will Eventually Hit $500,000

Tyler Winklevoss who run the United States-based cryptocurrency, Gemini told that investors’ will soon leave fiat and go all in Bitcoin because it’s definitely proving to be a major store of value. Cameron Winklevoss, his twin brother believes that Bitcoin needs to be better than gold to increase massively in value. The twins believe that Bitcoin will hit $500,000. Other crypto enthusiasts believe that the current Bitcoin market is different because of institutional investors. Read Full on marketwatch.

- Venezuelan Army Turns To Crypto Mining As Their Economy Collapses

Venezuelan army launches "Digital Assets Production Center of the Bolivarian Army of Venezuela" which contains diverse ASIC proof-of-work mining equipments. During the inauguration, General Lenin Herrera said that the mining operation will sustain and strengthen the Bolivarian Army, independent of the challenges the economy is facing. The machine will generate income for the army. Nicolás Maduro regime in Venezuela leans strongly on cryptocurrency to keep the economy afloat. Read Full on cointelegraph.

- Coinbase To Support ETH 2.0 Staking In Early 2021

Coinbase, digital currency exchange based in United States are making plans towards supporting ETH 2.0 staking in early 2021. This could lead to more adoption of smart contract. Coinbase said that they will enable trading between ETH and ETH2 including other currencies to provide more liquidity while the ETH2 tokens remain locked on the beacon chain. More updates will come as they draw close to the launch on the exchange. Read Full on cointelegraph.

- Ethereum Surpasses Bitcoin In Number Of Node Counts

The number of Ethereum nodes has increased over 50% since the ETH2 deposit contract address went live. With 11,259 nodes, Ethereum surpassed Bitcoin’s nodes which is 11,136, about 1% gap. Ethereum 2.0 genesis validators pushed the node counts higher than Bitcoin’s second time this year. Blockchain center’s flippening index showed that node count is the third factor Ethereum surpassed Bitcoin with aside from transaction fees and transaction count. Read Full on cointelegraph.

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