Crypto News Cast 📮 11-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $533 B
📊24h Mcap %: -0.79%
⚠️Bitcoin Dom: 62.80%
📌Active Coins: 4,866
📍24h Vol %: -0.32%
💲24h Vol: $120 B

Crypto News Updates :

• Two-thirds Of Millennials Prefers Bitcoin To Gold
• Israel’s Bank Hapoalim Joins Blockchain Firm To Manage Bank Guarantees
• Chainlink And World Economic Forum Proposed Decentralized Oracle Networks
• MassMutual Invests $100 Million In Bitcoin
• Singapore’s Largest Bank DBS Sets Up Crypto Exchange Platform
• Grayscale Buys $266 Million of Bitcoin and $58 Million of ETH
• JPMorgan Just Conducted A Blockchain-based Repo Transaction Using Its JPMCoin
• IBM Partners With eProvenance To Provide Quality Wine Supply Chain
• Digitex Futures Worlds First Zero Fee Scalp Trading Platform
• Ontology (ONT) Teams Up With Wing Finance For A New DeFi Product

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Two-thirds Of Millennials Prefers Bitcoin To Gold

A new survey from one of the world’s leading financial advisory firms, Devere Group, advising over $10 billion in client capital, claims that two-thirds of its millennial customers prefer Bitcoin over precious metals (gold, silver etc) as the ideal safe haven asset. Gold fund flows are pouring into crypto, with wide ROI margin. Millennials has adapted to today’s digital changes and they see more benefits in Bitcoin over the likes of stocks, or precious metals gold. Read Full on Bitcoinist.com.

Israel’s Bank Hapoalim Joins Blockchain Firm To Manage Bank Guarantees

One of Israel’s largest banks, Bank Hapoalim, has joined a blockchain-based platform recently released by IT firm Tata Consultancy Services (TCS). TCS, built on the Quartz blockchain targets the digital banking industry in Israel. The new tool will help banks manage bank guarantees (debts, loans etc.) more effectively. According to Bank Hapoalim CEO Dov Kotler, The Bank Guarantee will allow the bank to expand to small- and medium-sized enterprises and also individuals. Read Full on cointelegraph.

Chainlink And World Economic Forum Proposed Decentralized Oracle Networks

The World Economic Forum and Chainlink, proposed an open-source standard for connecting data sources to blockchain smart contracts. The paper by Sergey Nazarov, the co-founder of Chainlink, and Punit Shukla, the blockchain project lead for the WEF, outlines an open-source framework to help non-blockchain systems talk to smart contracts. The paper, “Bridging the Governance Gap: Interoperability for Blockchain and Legacy Systems”, argues in favor of services like Chainlink, which features as a case study. Read Full on Decrypt.

MassMutual Invests $100 Million In Bitcoin

Life insurance giant is the latest firm to buy bitcoin. Massachusetts Mutual Life Insurance Co. bought $100 million of Bitcoin for its general investment account. The buy was facilitated by the financial services company NYDIG, which specializes in managing Bitcoin and other cryptocurrencies. MassMutual has also acquired a $5 million dollar stake in the company—a distinct vote of confidence in the crypto market. Read Full on Decrypt.

Singapore’s Largest Bank DBS Sets Up Crypto Exchange Platform

DBS, Singapore’s largest bank, is establishing a new cryptocurrency exchange division called DBS Digital Exchange. The crypto exchange will only be accessible to institutional investors who will be able to trade Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and XRP. DBS Digital Exchange will provide a platform for tokenizing assets such as shares, bonds and private equity funds. It will allow customers to deposit and buy cryptocurrencies with Singapore dollars, U.S. dollars, Hong Kong dollars and the Japanese yen. Read Full on cointelegraph.

Grayscale Buys $266 Million of Bitcoin and $58 Million of ETH

According to financial reports, Crypto asset manager Grayscale bought an additional 14,591 Bitcoin ($266 million currently) and 105,000 Ethereum ($58,5 million) on behalf of its investors. According to Grayscale’s tweet, the company currently has $12.1 billion worth of crypto assets under its management. Notably, its Bitcoin Trust is the largest one by far, amounting to over $10 billion all by itself. Read Full on Decrypt.

JPMorgan Just Conducted A Blockchain-based Repo Transaction Using Its JPMCoin

JPMorgan announced that it executed a blockchain-based repo transaction, leveraging its JPMCoin, two months after unveiling a rebrand of its blockchain unit — now called Onyx — stablecoin-like product had gone into production. The bank plans to make its product available to other counter-parties in the future. Mathew McDermott, Global Head of Digital Assets at Goldman Sachs said this is where enterprise Blockchain can address real world problem as they look forward to early 2021 release. Read Full on The Block.

IBM Partners With eProvenance To Provide Quality Wine Supply Chain

IBM partners with eProvenance to develop a new solution for making the wine supply chain more transparent. VinAssure (the new solution) will allow tracking the whole process of winemaking. Vice president of Chateau Ste. Michelle, Peter Click, said that they have to make sure that their wine arrives in perfect condition. This is where the IBM Blockchain Transparent Supply solution steps in to make it possible to build a data-sharing ecosystem for optimizing the supply chain. Read Full on U.Today

Digitex Futures Worlds First Zero Fee Scalp Trading Platform

Digitex Futures, is a commission-free bitcoin futures exchange with its native DGTX token. It allows scalp trading with zero trading fees. Anyone can easily sign up to create an account as KYC is not required on the world’s first zero-fee BTC futures exchange that is already handling 24-hour trading volumes. It also provides one-click crypto ladder interface to allow fast trading to maximize profits via scalping. User don't have to worry about the execution of their orders as the Digitex offers 24/7 High liquidity to get orders filled easily. Read Full on Digitex Futures.

Ontology (ONT) Teams Up With Wing Finance For A New DeFi Product

According to Wing Finance’s Medium announcement, the system will allow users with an impeccable score to maximize their borrowing capabilities and undercollateralize assets.The Pool will work by including a supply pool, a borrow pool, and an insurance pool. Lending collateral for all three pools will be comprised of the three top-ranking stablecoins — USDT, USDC, and DAI.Read Full on Cryptocurrencynewscast