Crypto News Cast 📮 10-12-2020

News Source

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $535 B
📊24h Mcap %: -7.10%
⚠️Bitcoin Dom: 62.60%
📌Active Coins: 4,860
📍24h Vol %: -39.30%
💲24h Vol: $121 B

Crypto News Updates :

• Someone Sent $166 Million in Bitcoin for Just $1.25 in Fees
• MyEtherWallet Now Allows Users To Stake ETH
• Fidelity Digital to Allow Bitcoin Collateral on Cash Loans
• Global Crypto Trading Volume Hits All-time High Of $348 Billion In November
• Venezuela and Colombia Takes Over 23.6% of Bitcoin P2P Trading Volume
• Bitcoin Will Take Up Gold’s Market Share In Years To Come
• Standard Chartered, Northern Trust To Launch Crypto Custodian In The UK In 2021
• MakerDAO Introduces Polls To Let The Community Vote On Proposed Changes

Register at the best leverage exchanges

• ByBit: https://bit.ly/36JuDQZ
• BitMEX: https://bit.ly/2M74PX9
• Binance: https://bit.ly/34urfrJ
• Gemini: https://bit.ly/2IiqQDp
• FTXexchange: https://bit.ly/2SGhEL5
• Bittrex: https://bittres.com
• BraveBrowser: https://brave.com/nnr477
• BitYard: https://www.bityard.com

Advertise Your Products and Get Leads To Your Business Hashing Ad Space

• Register link: http://bit.ly/2YlhQRh

Buy Products and Gift Cards With Bitcoin and Cryptocurrencies:

http://bit.ly/2sFJvSf

Someone Sent $166 Million in Bitcoin for Just $1.25 in Fees

Someone sent 8,692 Bitcoin with a fee of just 0.0000652 BTC. In dollar value, with Bitcoin price around $19,000 over the past few days, it equates to paying $1.25 to send $166 million. You cannot do that at your local bank. The average transaction fee yesterday was 0.00023 BTC ($4.32), according to data from BitInfoCharts. Unlike traditional financial institutions, fees aren’t actually required but are instead added by senders to incentivize miners to process their payment. Read Full on Decrypt.

MyEtherWallet Now Allows Users To Stake ETH

One of Ethereum’s most popular software wallets, MyEtherWallet is joining other crypto businesses by giving users access to Ethereum 2.0 staking. MyEtherWallet will allow users the option to stake ETH tokens into the Ethereum 2.0 Beacon Chain deposit contract. To become a validator, Ethereum users must stake at least 32 ETH in the Beacon Chain deposit contract. Validators, the transaction processors will replace miners under Ethereum 2.0’s new proof-of-stake design. Read Full on CoinDesk.

Fidelity Digital to Allow Bitcoin Collateral on Cash Loans

Fidelity Digital Assets is to allow its institutional customers to use bitcoin as collateral against cash loans, according to a Bloomberg report on Wednesday. The new service will target bitcoin investors who are keen to turn their holdings into cash without selling, as well as hedge funds, miners and over-the-counter trading desks, Tom Jessop, president of Fidelity Digital Assets, told. In order to receive the loan, a Fidelity customer will have to have an account with BlockFi. Read Full on CoinDesk.

Global Crypto Trading Volume Hits All-time High Of $348 Billion In November

According to a monthly report published by CoinGecko, the global cryptocurrency trading volume reached a new monthly all-time high of $348 billion in November. This represents a 125% increase from October when exchanges saw a total of $154 billion trading volumes. Last month, Bitcoin alone added 45% and reached a new all-time high after three years. Open interest on Bitcoin perpetual swaps also reached new peak of $2.7 billion, with Binance at the top. Read Full on CoinGecko.

Venezuela and Colombia Takes Over 23.6% of Bitcoin P2P Trading Volume

Two Latin American countries are in the top three for Bitcoin trading on LocalBitcoins. According to a post published by LocalBitcoins, Venezuela has maintained its position as the second-largest Bitcoin trader in the world, accounting for 12.3% of all trade volume worldwide in 2020. Colombia took over third place accounting for 11.3% of all Bitcoins traded on LocalBitcoins. The country also leads the Bitcoin ATM market in Latin America with 60 ATMs installed. Read Full on Decrypt.

Bitcoin Will Take Up Gold’s Market Share In Years To Come

According to analysts at JPMorgan Chase, Mainstream adoption of Bitcoin as a store of value is having a direct impact on gold, with a major shift in institutional investment between them. Quantitative strategists, including Nikolaos Panigirtzoglou, believe that Bitcoin as digital gold will draw investors away from precious metals like gold, in years to come, leading to a big price difference between the two assets and the price of gold would suffer over the coming years. Read Full on cointelegraph.

Standard Chartered, Northern Trust To Launch Crypto Custodian In The UK In 2021

Standard Chartered’s fintech investment unit, SC Ventures, and Northern Trust will launch a U.K.-based cryptocurrency custodian called Zodia Custody, for institutional clients in 2021. The new company will provide custody services for bitcoin and ethereum, then litecoin, bitcoin cash and XRP afterwards. SC Ventures said they anticipate greater participation from institutional investors, who account for 9% of crypto asset investments. Zodia is expected to begin operating in London in 2021. Read Full on CoinDesk.

MakerDAO Introduces Polls To Let The Community Vote On Proposed Changes

The MakerDAO Governance Facilitator has introduced a governance poll on behalf of the Maker Governance community to improve community engagement. A blog post unveiled this news on December 7, noting that the organization seeks to offer the community a chance to show their support or objection to parameter changes and collateral onboarding among other changes on the platform. Reportedly, the governance poll went live on December 7 at 4:00 PM UTC and will last for three days.Read Full on Cryptocurrencynewscast.