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Crypto News Cast For January 31st 2021 ?


Crypto News Cast 📮 31-01-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap:          $994 B
📊24h Mcap %:       -12.60%
⚠️Bitcoin Dom:        62.60%
📌Active Coins:       5291
📍24h Vol %:           -20.46%
💲24h Vol:                $143 B

Crypto News Updates :

  • US Fed Looking For Manager To Explore Risks And Benefits Of CBDCs
  • Ray Dalio Describes Bitcoin As "Storehold of Wealth," Plans To Invest
  • Reddit Co-founder Promotes Bitcoin On His Twitter Following Elon Musk’s Lead
  • Visa CEO Says Crypto Will Inevitably Run On Visa Network
  • Tim Draper Plans To Buy Tesla Cybertruck With Bitcoin
  • Meek Mill Joins The Bitcoin Party After Elon Musk’s Bio Update
  • Crypto Subreddits Saw Massive Numerical Increase In Subscribers Last Week
  • Argentina Creates Blockchain Tokenized Solution For Farmers As Hedge Against Inflation


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- US Fed Looking For Manager To Explore Risks And Benefits Of CBDCs

US Federal Reserve posted a new job listing for the role of a manager, for its digital innovations policy program to explore risks and benefits associated with central bank digital currencies (CBDCs), stablecoins and emerging payment platforms. The program will focus specifically on the relationship between digital technologies and payments. Four applicants have applied for the job via LinkedIn. Stablecoins are priority said U.S Fed Chairman. Read Full on.

- Ray Dalio Describes Bitcoin As "Storehold of Wealth," Plans To Invest

Ray Dalio, Billionaire hedge fund manager believes Bitcoin is a great invention with potential to become a “storehold of wealth” asset like gold. Dalio used to be skeptical of Bitcoin. He pointed out both the risk and benefits of Bitcoin and emphasized that he is not a Bitcoin expert. Dalio also shared that government regulation could affect the digital asset, however he looks forwards to investing in Bitcoin. Read Full on The Daily Hodl.

- Reddit Co-founder Promotes Bitcoin On His Twitter Following Elon Musk’s Lead

Reddit co-founder Alexis Ohanian has promotes bitcoin on his Twitter bio after Twitter CEO Jack Dorsey and Tesla CEO Elon Musk changed their bios on Twitter to #Bitcoin to promote it. Analysts believe this influenced Bitcoin’s price to increase from $32,000 to $37,000. Other prominent community leaders and CEOs are looking forwards to promoting bitcoin such as Ouriel Ohayon, and SkyBridge Capital’s Anthony Scaramucci. Read Ful

- Visa CEO Says Crypto Will Inevitably Run On Visa Network

According to Visa CEO, Alfred Kelly, cryptocurrencies could run directly on the Visa network in the future. Kelly believes that Visa is “uniquely positioned to help make cryptocurrencies more safe, useful and applicable for payments through the global presence, partnership approach and trusted brand.” Visa already supports over 160 fiat currencies and would inevitably add Crypto to the Visa network. Read Full on Decrypt.

- Tim Draper Plans To Buy Tesla Cybertruck With Bitcoin

Tim Draper, the billionaire Bitcoin (BTC) investor with 30,000 BTC in holding told Elon Musk in a tweet that he would like to pay for the Tesla cybertruck with BTC. He also promoted Bitcoin payment processor portfolio company OpenNode. This was a reaction to Elon Musk’s #Bitcoin moment on Twitter which influenced brief increase in Bitcoin’s price. Draper also said that he intends to hold Bitcoin for a long time and plans to buy more. Read Full on cointelegraph.

- Meek Mill Joins The Bitcoin Party After Elon Musk’s Bio Update

Meek Mill, musician and rapper, wrote the same word that Elon Musk tagged in his Twitter bio yesterday – Bitcoin, in his recent tweet. Rappers have become more active in embracing Bitcoin and cryptocurrencies in general recently. Other rappers who have ventured into Bitcoin are 50 Cent, Lil Pump, Soulja Boy ( including altcoins), Barson Jones (aka Young Dirty, son of Ol’ Dirty Bastard), Grammy-winning rapper T.I., etc. Read Full on U.Today

- Crypto Subreddits Saw Massive Numerical Increase In Subscribers Last Week

That number of new subscribers surged to more than 150,000 on The r/bitcoin subreddit within the week of January 24, a major increase from previous range of 20,000 and 30,000. During the week of January 17th, the r/Ethtrader subreddit added about 15,120 members and also added 287,000 members the week after. All these numerical increased could be related to meme-driven stocks like GameStop and meme-themed cryptocurrency dogecoin. Read Full on The Block.

- Argentina Creates Blockchain Tokenized Solution For Farmers As Hedge Against Inflation

In the face of rising inflation, Argentina turn to blockchain, as Coreledger partners with Abakus, a peer-to-peer marketplace to set up a “digital barter economy” in Argentina for farmers to tokenize Argentina’s Agriculture. This project will enable farmers to tokenize their agricultural assets as a hedge against rising inflation. The farmers will be able to redeem and trade their tokenized titles with any other asset through the Akabus P2P platform. Read Full on Bitcoin News.

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