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Crypto News Cast For January 13th 2021 ?


Crypto News Cast 📮 13-01-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap:          $948 B
📊24h Mcap %:        30.65%
⚠️Bitcoin Dom:        68.30%
📌Active Coins:       5167
📍24h Vol %:          -50.20%
💲24h Vol:                $143 B

Crypto News Updates :

  • Shanghai government Invests $5 Million Into Blockchain startup
  • PayPal's new crypto unit just traded over $240 million in a single day
  • Bitcoin’s Real Trading Volume Surpasses $22.3 Billion As Crypto Market Corrects
  • Users From Over 150,000 Location To Receive DASH As Payment
  • Bitwise Survey Shows More Financial Advisors Are Allocating Funds To Crypto
  • Joe Biden To Elect Crypto-Savvy Gary Gensler As SEC Chairman
  • Top 100 Richest Bitcoin Addresses Accumulated 334,000 Bitcoin In Last 30 Days
  • Kentucky Bill To Give Tax Breaks To Crypto Miners


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- Shanghai government Invests $5 Million Into Blockchain startup

Shanghai government and Shanghai Science and Technology Committee invests $5 million research grant into Blockchain startup, Conflux. The funding will be used to develop the public chain’s research. And this project will support an aerospace supply chain proposed to be built on Cc Network. It is also in the list of 57 high tech projects, including 5G and aerospace technologies, by the Shanghai government. Read Full on CoinDesk.

- PayPal's new crypto unit just traded over $240 million in a single day

Data from itBit, PayPal's partner, showed that Paypal’s new crypto exchange had a trading volume of $242 million in a single day on 11th. The trading volume came as Bitcoin dropped over 22% on Monday. The volume was a new high for the exchange, from last high of $128 million volume on January 6. The drop caused long and short liquidations up to $3 billion, with $988 million long liquidations on Binance. Read Full on CryptoSlate.

- Bitcoin’s Real Trading Volume Surpasses $22.3 Billion As Crypto Market Corrects

As Crypto market experienced correction, data from Messari showed Bitcoin’s real 24-hour trading volume at about $22.3 billion. Coinbase processed an all-time high trading volume of over $9.5 billion in crypto trades on Monday, according to data from Skew. Messari and Glassnode data show positive net Tether (USDT) exchange flows. The derivatives market including Bitcoin options and futures also saw massive trading volumes at over $170 billion and $2 billion respectively. Read Full on cointelegraph.

- Users From Over 150,000 Location To Receive DASH As Payment

The Dash Investment Fund (DIF), of Dash Core Group, invested in CrayPay, a mobile payment platform that allows its users to send and receive savings instantly from over 150,000 locations and 75 national retail sites. DASH (Digital Cash) announced recently that Dash Core Group will create a new version of CrayPay’s saving platform to be utilized by DASH users. The app will offer low transaction fees and greater savings incentives for both consumers and retailers. Read Full on BeInCrypto.

- Bitwise Survey Shows More Financial Advisors Are Allocating Funds To Crypto

Bitwise conducted and published a survey today which showed that America’s financial advisors who allocate funds to crypto increased by almost 50% between 2019 and 2020. The survey included almost 1,000 financial advisors. This is indicative of adoption and interest in Crypto as the number of advisors allocating funds could double or more in the years to come. 17% of financial advisors are considering allocating funds to crypto this 2021. Read Full on Decrypt.

- Joe Biden To Elect Crypto-Savvy Gary Gensler As SEC Chairman

President-elect Joe Biden plans to elect Gary Gensler, a cryptocurrency-savvy Wall Street veteran as new chairman of the U.S. Securities and Exchange Commission (SEC) to replace acting SEC Chairman Elad Roisman. The new chairman will oversee the SEC’s fight against Ripple. However, Gary Gensler believes that the case stacked against XRP being classified as a security is strong. Read Full on U.Today

- Top 100 Richest Bitcoin Addresses Accumulated 334,000 Bitcoin In Last 30 Days

The top 100 richest Bitcoin addresses (wallets with more than $336 million in BTC) accumulated 16% more Bitcoin ( 334,000 more Bitcoin, which is about $11 billion worth) in the last 30 days. Following the recent price drop in Bitcoin’s from $41,000 to below $33,000, only seven addresses withdrew from the wallet since the most recent all-time-high on January 10. 64 of the top 100 addresses have never withdrawn a single satoshi out of the wallet. Read Full on cointelegraph.

- Kentucky Bill To Give Tax Breaks To Crypto Miners

Kentucky lawmakers Steven Rudy and Chris Freeland submitted a bill to the commonwealth to offer tax breaks to cryptocurrency miners seeking to maximize the energy rich region. Commercial cryptocurrency miners usually pay 6% sales taxes or 6% excise taxes on their mining rigs’ electric bills and mining equipment. However, the tax breaks would help the commonwealth to compete further and become a national leader. Read Full on CoinDesk.

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