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Crypto News Cast For February 7th 2021 ?


Crypto News Cast 📮 07-02-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap:          $1215 B
📊24h Mcap %:        49.90%
⚠️Bitcoin Dom:        62.00%
📌Active Coins:       5333
📍24h Vol %:            15.67%
💲24h Vol:                $176 B

Crypto News Updates :

  • Ethereum Miners Revenue Hits A New Record of $3.5 Million
  • XRP’s Global Trading Volume Increased To 299% In Q4 of 2020
  • Miller Value Funds Files With SEC To Invest In Bitcoin
  • Theta (THETA) Launches Its First Decentralized Exchange Called ThetaSwap
  • Nevada Government To Give Power To Blockchain Technology
  • Grayscale Buys $177 Million Worth of ETH Within 4 Days
  • Cardano Overtakes XRP as Fourth Largest Cryptocurrency
  • Elon Musk's Twitter Poll Suggests People Prefer DOGE Over Altcoins


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- Ethereum Miners Revenue Hits A New Record of $3.5 Million

Glassnode data shows that Ethereum hits a new record as ETH miners earned $3.5 million revenue in a single hour as ETH price surges to a new all-time high above $1700. This revenue is the highest hourly revenue to date. The Ethereum blockchain rewards the miners with minted ETH when they solve complex computational algorithm. Revenue from mining covers the cost of electricity for the miners. Read Full on Decrypt.

- XRP’s Global Trading Volume Increased To 299% In Q4 of 2020

XRP’s global trading volume surged to an impressive 299% in the last quarter of 2020 to $148.15 billion despite suspension from 33 markets because of lawsuit with U.S. Securities and Exchange Commission. The trading restrictions caused XRP to lose just about 12.49 percent. Ripple’s XRP sales increased by 122 percent in the last quarter to $111.12 million, 0.05 percent of the global trading volume. Read Full on U.Today

- Miller Value Funds Files With SEC To Invest In Bitcoin

Hedge Funds manager, Miller Value Funds files with the Securities and Exchanges Commission (SEC) to invest in bitcoin and gain bitcoin exposure through Grayscale Bitcoin Trust. The Miller Value fund to invest is the Miller Opportunity Fund, with holdings in stocks like Uber, Alibaba and Facebook. The funds bitcoin exposure threshold is 15% of its assets, after which they will not make further Investment with Grayscale. Read Full on Trustnodes.

- Theta (THETA) Launches Its First Decentralized Exchange Called ThetaSwap

Theta (THETA) launched its first decentralized exchange platform, called ThetaSwap. Version 1 users of the DEX, ThetaSwap will be able to swap Theta-based TNT-20 tokens the same way tokens are swapped on Uniswap. Also, users could be able to earn incentives with the TNT-20 token standard when they interact with the ThetaSwap v1. Upgrades to ThetaSwap will include support for wrapped tokens and also TFUEL. Read Full on cointelegraph.

- Nevada Government To Give Power To Blockchain Technology

Nevada Governor Steve Sisolak plans to propose for “opportunity zones” to give large tech companies ability to create their own governments. These opportunity zones will give the tech companies power to impose taxes, form school districts and justice courts and provide government services. The zones would be specific for “innovative technology,” like blockchains, AI, and robotics. Governor Sisolak thinks Blockchains would be good as opportunity zone. Read Full on Decrypt.

- Grayscale Buys $177 Million Worth of ETH Within 4 Days

Grayscale bought 104,990 Ethereum this week, bringing their ETH total holdings to three million ETH, which is worth $5 billion. The investment firm bought $177 million worth of ETH within 4 days, an almost double increase from the $100 million worth of ETH they bought in December. More demand could mean that the firm will buy more ETH. Ether's weekly volumes have already doubled in the past days. Read Full on Trustnodes.

- Cardano Overtakes XRP as Fourth Largest Cryptocurrency

As more users start interacting with DeFi (decentralized finance) on Ethereum, transaction fees are rising. This leads to the greater adoption of “Ethereum killers”. These are alternative smart contract platforms with higher transaction speeds and lower costs. One platform seeing increased attention is the Cardano network. In particular, ADA, the native currency of the Cardano smart contract platform with Market cap of $19.88 Billion, overtook XRP as the fourth largest crypto by market cap. Read Full on beincrypto.

- Elon Musk's Twitter Poll Suggests People Prefer DOGE Over Altcoins

Elon Musk CEO of Tesla and SpaceX, launched a poll on Twitter to find out the twitter community's stance on DOGE. Musk asked the respondents to share their opinion on “whether the future currency of Earth will be the meme coin DOGE or “all other crypto combined”. Majority of the respondents about 71.3 percent chose DOGE, while the remaining 28.7 percent chose the second option which is “other crypto combined”. Read Full on U.Today

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