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Crypto News Cast For December 31st 2020 ?


Crypto News Cast 📮 31-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap:          $753 B
📊24h Mcap %:        8.56%
⚠️Bitcoin Dom:        70.60%
📌Active Coins:       5062
📍24h Vol %:          -16.48%
💲24h Vol:                $185 B

Crypto News Updates :

  • SkyBridge Capital Invested $182M in Bitcoin Towards Upcoming Bitcoin Fund
  • Bitcoin Hit 600th Million Transactions According To Glassnode Data
  • Canadian AR Company To Invest $2Million In Bitcoin In 2021
  • Litecoin’s MimbleWimble Code To Be Ready by Q1 of 2021
  • Bitcoin Hits New All-Time High Value Of $29,000
  • December Recorded Second-Biggest Month For On-Chain Bitcoin Volume
  • Addresses Holding Ethereum Hit A New All-Time-High Of 51,491,730
  • Nasdaq-Listed GreenPro Capital To Set Up Bitcoin Fund In 2021
  • Miami Mayor Considers Putting One Percent of Its Treasury Reserves Into Bitcoin
  • Crypto Bank In India Establishes A Physical Location, 100 More In View


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- SkyBridge Capital Invested $182M in Bitcoin Towards Upcoming Bitcoin Fund

SkyBridge Capital investment firm with $9.3 billion Assets under Management, has invested $182 million in bitcoin, towards their forthcoming Bitcoin Fund in January according to Securities and Exchange Commission. The firm supports bitcoin saying that Bitcoin is better at being gold than gold with better supply and demand system. In recent times Bitcoin has gone mainstream through retail and institutional adoption. Read Full on CoinDesk.

- Bitcoin Hit 600th Million Transactions According To Glassnode Data

Glassnode data shows that the Bitcoin network reached a major adoption milestone when it crossed 600th million transactions with an average of 300,000 confirmed transactions per day currently. Bitcoin exceeded 100 million transactions in early 2016, crossed half a billion transactions this February and in less than a year it added extra 100 million transactions. Bitinfocharts data shows that an average transaction is worth $127,000. Read Full on glassnode.

- Canadian AR Company To Invest $2Million In Bitcoin In 2021

Canadian AR company NexTech AR announced plans to invest its treasury funds worth $2 million (15.6% of the company’s total cash holding) in bitcoin (BTC) and they look forward to adding more in 2021. Evan Gappelberg, CEO, NexTech AR, said the investment is part of new capital diversification and allocation strategy in order to maximize long-term value for shareholders and also support the view of Bitcoin as long-term store of value. Read Full on BTCMANAGER.

- Litecoin’s MimbleWimble Code To Be Ready by Q1 of 2021

Lead developer of the project Litecoin’s MimbleWimble protocol, David Burkett announced that The final code for the protocol will be ready by the first quarter of 2021. He said that the activation timeline will be decided by Litecoin users and miners. Code of Litecoin’s MimbleWimble is already working on Github. The MimbleWimble protocol in 2021 might shift the focus of traders and investors towards Litecoin. Read Full on Ethereum World News.

- Bitcoin Hits New All-Time High Value Of $29,000

Following upsurge momentum along with the rest of the cryptocurrencies in the market, The price of Bitcoin has shot up 4.37% in the last 24 hours to mark its new all-time high above $29,000 a figure that was never seen before. Bitcoin's price has continued to surge over the last few months, rising up from $10,000 in early September to its current value. Bitcoin is now up 310% since the beginning of this year. Read Full on CoinMarketCap.

- December Recorded Second-Biggest Month For On-Chain Bitcoin Volume

Adjusted on-chain activity on the Bitcoin network has passed $170.57 billion in December — the second-highest peak ever. December also saw an increase of 25.7% compared with November, which had the fourth-highest adjusted on-chain volume recorded. The record monthly volume occurred during the last big bull run, in December 2017, when it peaked at $207.86 billion. As of today, this month's volume is $30.3 billion behind that record. Read Full on The Block.

- Addresses Holding Ethereum Hit A New All-Time-High Of 51,491,730

Number of addresses holding Ethereum today hit a new all-time high (ATH) of a total of 51,491,730 addresses holding the cryptocurrency, a 48% increase from beginning of the year, according to Glassnode. This uptrend in ETH is reflective of a market driven by inflow of institutional investors and the rise of decentralized finance (DEFI). Ethereum is second largest by market cap. Read Full on Decrypt.

- Nasdaq-Listed GreenPro Capital To Set Up Bitcoin Fund In 2021

GreenPro Capital (NASDAQ-listed) announced plans to set up Bitcoin Fund as they believe that Bitcoin is a reliable store of value over time. GreenPro also asserted its belief in Ethereum (ETH) and GreenPro CEO CK Lee said he instructed their investment bankers to raise debt in first quarter 2021 up to US$100 million to invest in BTC and with their own cash also. They also plan to involve CryptoSX, its subsidiary to acquire its BTC stake. Read Full on CryptoPotato.

- Miami Mayor Considers Putting One Percent of Its Treasury Reserves Into Bitcoin

Francis Suarez, Mayor of Miami, America's seventh-biggest city, said he is “open to exploring” the idea of putting one percent of the city’s treasury reserves into Bitcoin, in his recent tweet. Anthony Pompliano also commented on the tweet, urging people to retweet. Francis Suarez also praised “Bitcoin Billionaires,” book authored by Ben Mezrich of “Accidental Billionaires” and he had earlier shown his interest and acceptance of Bitcoin. Read Full on U.Today

- Crypto Bank In India Establishes A Physical Location, 100 More In View

Unicas, a Partnership venture between Cashaa (Indian online crypto banking platform) and United Multistate Credit Co-op Society launched a physical crypto bank branch in Jaipur, India. Also plans to establish a total of 100 branches by 2022. Users can access both digital currencies, Indian rupees, instant digital loans with Crypto as collateral at the bank. With a Unicas savings account, customers can transact in both rupees and Crypto. Read Full on cointelegraph.

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