Crypto News Cast 📮 12-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $539 B
📊24h Mcap %: 3.10%
⚠️Bitcoin Dom: 63.40%
📌Active Coins: 4,881
📍24h Vol %: -20.34%
💲24h Vol: $96 B

Crypto News Updates :

• XRP Whales Hits All-Time High
• WordPress Adds Official Ethereum Ad Plugin
• India’s Banks Are Once Again Serving Crypto Traders and Exchanges
• Raoul Pal Sees Cryptos Accruing Trillions Of Value
• Incognito Enables Anonymous Uniswap Trading Improving Cost-Efficiency
• Microstrategy Raises $650 Million From Sales To Buy Bitcoin
• Bundle, Social Payments App Now Accepts Bitcoin Lightning Payments
• VeChain (VET) To Launch PoA2.0 For Scalable And Faster Transaction
• Bitcoin will disrupt Gold, Billionaires Stacking Up Bitcoin Says Winklevoss Twins
• Glassnode CTO Predicts BTC Price Will 10X From Current Price

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XRP Whales Hits All-Time High

Cryptocurrency data analytics platform Santiment, shows that the number of XRP accounts that hold more than 10 million tokens has hit a new all-time high of 339. Santiment estimates that there has been a 10.1 percent increase over the past three weeks. This increase in number of holders is caused by Flare Networks’ token airdrop that is expected to take place this Saturday. Over 50 cryptocurrency exchanges are taking part in the much-anticipated event. Read Full on U.Today

WordPress Adds Official Ethereum Ad Plugin

A new crypto plugin (EthereumAds) will allow WordPress publishers to receive ad earnings directly into their Ether (ETH) wallets. The plugin will enable content publishers to auction advertisement space for ETH using smart contracts.The WordPress plugin plans to compete with Google AdSense. The new ad plugin is applicable to any type of content like websites, blogs, billboards and is not limited to crypto-related content. Read Full on cointelegraph.

India’s Banks Are Once Again Serving Crypto Traders and Exchanges

Top institutions such as State Bank of India, ICICI Bank, HDFC Bank and Yes Bank are allowing customers to use their bank accounts to fund cryptocurrency trading. They are also offering various facilities to cryptocurrency exchanges, According to sources familiar with the matter. Accounts of major exchanges were suspended from cryptocurrency-related transactions in April 2018. The ban was quashed by the Supreme Court earlier this year. Read Full on CoinDesk.

Raoul Pal Sees Cryptos Accruing Trillions Of Value

Raoul Pal, CEO of macro research and advisory service Global Macro Investor, suggested that Bitcoin, Ethereum, and other cryptocurrencies have the potential to absorb “trillions and trillions of value” from traditional markets. He said the size of the global custody system is $23 trillion. Pal argues that the majority of the focus is on Bitcoin but that the industry should not be restricted to it. Read Full on Decrypt.

Incognito Enables Anonymous Uniswap Trading Improving Cost-Efficiency

Traders will be able to use Uniswap anonymously, thanks to the protocol’s availability on Incognito. Uniswap, has a newly updated private mode called pUniswap. Traders can benefit from anonymity by using the protocol with Incognito. pUniswap, includes cross-chain fees integrated to pool selections, improving cost-efficiency for traders. Users don’t have to interact with Ethereum, so their trades don’t get recorded on their transaction history. Read Full on cryptobriefing.

Microstrategy Raises $650 Million From Sales To Buy Bitcoin

US tech business intelligence firm Microstrategy announced that it has raised $650 million to buy Bitcoin. In a note to investors today, MicroStrategy said that it closed the sale of $650 million in debt securities. The sale was valued at $400 million. MicroStrategy said that it “intends to invest the net proceeds from the sale of the notes,” about $634.9 million after deducting discounts, commissions and expenses, “in bitcoin.” Read Full on Decrypt.

Bundle, Social Payments App Now Accepts Bitcoin Lightning Payments

Taiwo Orilogbon, head of engineering at Bundle said in recent tweet that; Bundle is accepting Bitcoin Lightning payments. Bitrefill made this possible by allowing users to buy gift cards using Bitcoin. Bundle users are able to use this technology to purchase gift cards ahead of the Christmas season. In order to send these gift cards, all a Bundle user has to do is provide Bitrefill with an email address in order to receive a receipt. Read Full on Decrypt.

VeChain (VET) To Launch PoA2.0 For Scalable And Faster Transaction

The VeChain (VET) has announced that significant progress has been made so far in their work towards implementing the Proof of Authority (PoA) 2.0 consensus algorithm. It will boost the scalability and performance of VET blockchain. Peter Zhou, the chief scientist of the VeChain Foundation, hinted that the team is looking to roll out a testnet for the implementation of VIP-193 designed to improve the VeChainThor platform and bring about faster transaction confirmation. Read Full on BTCMANAGER.

Bitcoin will disrupt Gold, Billionaires Stacking Up Bitcoin Says Winklevoss Twins

Gemini crypto exchange co-founders Tyler and Cameron Winklevoss recently said that 2020 showed that more than a handful of traditional financial giants picked up stacks of Bitcoin, including billionaire Paul Tudor Jones and MicroStrategy. These investments played a big role in BTC. The Winklevoss brothers called Bitcoin a “buy and hold” strategy compared to gold. Tyler said, Bitcoin will disrupt gold, and create a $9 trillion market cap for Bitcoin. Read Full on cointelegraph.

Glassnode CTO Predicts BTC Price Will 10X From Current Price

The CTO of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, described some of Bitcoin market indicators as “insanely bullish” and predicted prices are set to increase by more than 10 times. He said the most important on-chain market indicators are currently hovering at the same levels they were at the start of 2017. Each of his estimates see Bitcoin breaking into six-figures, with all but one suggesting that BTC will exceed $200,000. Read Full on cointelegraph.