Crypto News Cast For August 6th 2022 ?

Crypto News Cast 📮 06-08-2022

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.

24hours Cryptocurrency Market Cap:
📈MarketCap: $1097 B
📊24h Mcap %: 8.65%
⚠️Bitcoin Dom: 40.40%
📌Active Coins: 11518
📍24h Vol %: -15.10%
💲24h Vol: $50 B

Crypto News Updates :

Since December 2020, Ethereum-based Transactions Have Become Cheaper
Bitcoin Rewards Card To Be Launched By Binance And Mastercard In Argentina
Elon Musk Claims He’s Supporting Particularly The Meme Cryptocurrency, Dogecoin
The Binance Card Now Supports SHIB, XRP, And AVAX Cryptocurrencies
By March 2023, Arthur Hayes Anticipates That Ethereum’s Price Will Hit $5,000
Financial Services Firm Citi Emphasizes The Value Of The Ethereum’s Blockchain Merge Upgrade
Despite Market Volatility, 40% Of American Investors Are Purchasing More Cryptocurrency
Meta Adds 100 Additional Nations To Instagram’s Support For Digital Collectibles

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– Since December 2020, Ethereum-based Transactions Have Become Cheaper

The proof-of-stake (PoS) protocol implemented on the Ethereum (ETH) blockchain has already seen the blockchain reach numerous significant milestones. The network recorded its lowest average transaction fees as of August 2022 of $3, the lowest level since December 2020. Therefore, the network’s popularity in fields like decentralized finance (DeFi) and non-fungible currencies is likely to be fueled by the cheap costs (NFT). Read Full on Finbold.

– Bitcoin Rewards Card To Be Launched By Binance And Mastercard In Argentina

Mastercard and Binance, one of the top cryptocurrency exchanges, will soon introduce a rewards card in Argentina that will be funded by bitcoin and other cryptocurrencies. As the product is presently in beta, Argentina will be the first nation to get access to Binance Card; nevertheless, there are immediate intentions to aggressively extend the service. Users of the Binance Card can receive up to 8% cashback on purchases and incur no fees while using an ATM. Read Full on Bitcoin Magazine.

– Elon Musk Claims He’s Supporting Particularly The Meme Cryptocurrency, Dogecoin

In response to a query regarding cryptocurrencies, Tesla CEO Elon Musk reiterated his support for Dogecoin during a recent interview on the “Full Send” podcast. The richest man in the world has stated again that he backs Dogecoin because it includes meme and dogs. Musk claims that Dogecoin has practical uses despite being created as an absurd joke currency. He stated that compared to Bitcoin, Dogecoin has a larger transaction capacity. Read Full on U.Today.

– The Binance Card Now Supports SHIB, XRP, And AVAX Cryptocurrencies

Avalanche (AVAX), Shiba Inu (SHIB), and XRP have been added as payment options for the Binance Card by Binance, one of the biggest crypto ecosystems in the world. The new cryptocurrencies join a varied roster that currently includes BTC, BUSD, and ETH as well as tokens from soccer clubs that Binance actively supports, including SANTOS, PORTO, and LAZIO. Binance issued the card after obtaining a license for its Lithuanian branch. Read Full on U.Today.

– By March 2023, Arthur Hayes Anticipates That Ethereum’s Price Will Hit $5,000

Arthur Hayes, a former CEO of BitMEX, predicts that Ethereum will hit $5,000 by the end of Q1 2023. His projection is predicated on the belief that the Federal Reserve would “pivot” and that the Merge upgrade will succeed, both of which will increase the value of the second-largest cryptocurrency. In the remaining months of 2022, Ethereum is anticipated to produce a higher return than Bitcoin, as the co-founder revealed in his most recent blog article. Read Full on CryptoPotato.

– Financial Services Firm Citi Emphasizes The Value Of The Ethereum’s Blockchain Merge Upgrade

One of the most eagerly awaited cryptocurrency events is the Ethereum (ETH) Merge update. According to financial behemoth Citigroup, the upgrade may have a number of effects on blockchain technology. According to the bank’s analysis, once the update is implemented, it might result in decreased energy intensity, turn Ethereum into a deflationary asset, and possibly pave the way for a future that is more scalable thanks to sharding. Read Full on Finbold.

– Despite Market Volatility, 40% Of American Investors Are Purchasing More Cryptocurrency

It appears that the volatility of the cryptocurrency market, which is still fluctuating between bullish and bearish trends, hasn’t deterred many American investors from continuing to invest in digital assets. According to fresh data from The Balance’s study, about 40% of American investors are increasing their purchases of cryptocurrency as they hunt for new methods to invest and protect their wealth as the state of the economy becomes less clear. Read Full on Finbold.

– Meta Adds 100 Additional Nations To Instagram’s Support For Digital Collectibles

Facebook’s parent company, Meta, revealed recently that it is extending the use of Instagram digital assets across 100 nations. Since Instagram has over two billion active users globally, Meta’s extension of digital asset integration puts non-fungible tokens (NFT) into the mainstream. Before uploading their digital collectibles on Instagram, users must connect a digital wallet to the social networking site. Read Full on theblock.