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Crypto News Cast For June 11th 2021 ?


Crypto News Cast 📮 11-06-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap:          $1551 B
📊24h Mcap %:       -22.00%
⚠️Bitcoin Dom:        44.30%
📌Active Coins:       6452
📍24h Vol %:           -12.53%
💲24h Vol:                $91 B

Crypto News Updates :

  • Billionaire Ken Moelis Compares Crypto Demand To Gold Rush of 1848
  • Hedge Fund Manager Brevan Howard Investing in Digital Assets
  • BTCPay Server Received $30,000 Grant From Gaming Operator PNXBET
  • Invesco Confirms Two Filling For Crypto ETF Applications
  • Coinbase Collaborates With 401(k) Advisor To Offer Crypto Investments For Retirement Accounts
  • Iran Considers Legalizing Crypto Soonest As Suggested By The President
  • State-chartered Banks in Texas Now Allowed To Custody Crypto
  • Multi-trillion Dollar State Street Corporation Launches Digital Finance Division


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- Billionaire Ken Moelis Compares Crypto Demand To Gold Rush of 1848

Founder of the investment bank Moelis & Company, Ken Moelis shared that his company is very much interested in cryptocurrencies and people are going after crypto assets the same way people went after gold in 1848. The American Billionaire opined that his company will integrate the right tools for their clients if there is high demand for crypto. He admitted that he keenly keeps track with cryptocurrencies. Read Full on CryptoPotato.

- Hedge Fund Manager Brevan Howard Investing in Digital Assets

Hedge fund manager Brevan howard has started investing and holding digital assets like bitcoin alongside other cryptocurrencies, according to filing with U.S SEC. Brevan Howard was working towards investing in digital assets just before the filing and was ready to invest up to 1.5% of its $5.6 billion hedge fund in digital assets, according to an unnamed source. SkyBridge Capital executive Troy Gayeski believes hedge fund adoption will continue. Read Full on Blockworks.

- BTCPay Server Received $30,000 Grant From Gaming Operator PNXBET

BTCPay Server received a grant of $30,000 USD paid in bitcoin from PNXBET, a gaming operator offering online casino games and a sportsbook, headquartered and licensed in Curaçao. BTCPay Server is a self-hosted, open-source cryptocurrency payment processor. PNXBET also use BTCPay Server’s Pull Payments feature for withdrawal as much as it supports the server firm, which helps them save over a hundred thousand dollars in fees every year. Read Full on CryptoNinjas.

- Invesco Confirms Two Filling For Crypto ETF Applications

Investment firm Invesco, based in the US has filled two applications for crypto ETFs, with the plan to expose its investors to crypto via equities adjacent to the industry, which will include mining firms and companies. Invesco plans to have 85% of its ETFs invested in securities for companies that mine cryptocurrencies and those hodling. This makes Invesco join the queue of many filling waiting for SEC's approval. Read Full on bloomberg.

- Coinbase Collaborates With 401(k) Advisor To Offer Crypto Investments For Retirement Accounts

Coinbase crypto exchange is partnering with ForUsAll, a 401(k) advisor to open up crypto investments for retirement accounts. ForUsAll clients has the opportunity to invest 5% of their portfolio into Bitcoin and ETH. Coinbase will oversee and manage these coins. ForUsAll manages over $1.7 billion worth of assets of over 70,000 employees. This idea came as crypto gains more adoption from Banks and countries as seen with El Salvador adopting bitcoin as legal lender in the country. Read Full on theblockcrypto.

- Iran Considers Legalizing Crypto Soonest As Suggested By The President

Iran’s President Hassan Rouhani made it clear during the government’s Economic Coordination Board's meeting that the country would soon legalize crypto. The country, due to its cheap energy started attracting Chinese miners in 2018. Hassan suggested that agencies that are farmiliar with capital markets should team up with the media and cyberspace as regarding information, education and public awareness. Bitcoin is becoming a major interest for the country inspite having a new administration soon after elections. Read Full on Trustnodes.

- State-chartered Banks in Texas Now Allowed To Custody Crypto

State-chartered banks in Texas can now hold cryptocurrencies for clients as long as they follow due process and protocols of the law, according to notice issued by the Texas Department of Banking. The Texas Department of Banking believes that Texas Finance Code § 32.001 already made provisions for custody and safekeeping of digital currencies. These banks will also be able to safeguard copies of private keys. Read Full on Decrypt.

- Multi-trillion Dollar State Street Corporation Launches Digital Finance Division

State Street Corporation, a multi-trillion dollar asset manager and second-oldest continually operating bank in the United States, launches digital finance division according to their recent announcement. The division will be focused on “cryptocurrency, blockchain technology, central bank digital currencies (CBDCs), and tokenization.” State Street has $3.6 trillion worth of assets under management and $40.3 trillion assets under custody. Read Full on cointelegraph.

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