Crypto News Cast 📮 7-12-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $570 B
📊24h Mcap %: 1.79%
⚠️Bitcoin Dom: 62.50%
📌Active Coins: 4,798
📍24h Vol %: 0.23%
💲24h Vol: $117 B
Crypto News Updates :
- Grayscale: Ethereum Is Maturing Into An Asset Class
- Huobi Global To Become Key Player In Polkadot Ecosystem
- Ron Paul Says Best Way To Deal With Bitcoin Is To Legalize It
- Miners Generate $522 Million In Revenue From Network Fees In November
- Ethereum’s “Realized” Price Hits A Two-Year High
- Japanese Firm Layer X To Build A Blockchain-Based Voting System In Japanese City
- Chinese Online Retail Giant JD.com To Enable Digital Yuan Payments
- Standard Chartered Chief Says Cryptocurrency Usage Is “Absolutely Certain”
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Grayscale: Ethereum Is Maturing Into An Asset Class
Ethereum is no longer a niche asset and crypto’s “coder darling.” Speaking to Bloomberg, Grayscale’s managing director Michael Sonnenshein said it is evolving into an asset class. Sonnenshein explained that throughout 2020, a new group of investors who prioritize Ethereum have emerged. Based on the consistent increase in the demand for ETH, Sonnenshein said Ethereum has staying power, just like Bitcoin. Read Full on U.Today
Huobi Global To Become Key Player In Polkadot Ecosystem
Announcement from Huobi Global on Friday indicates that the cryptocurrency exchange is angling to become a key player in the growth of the Polkadot network. The Seychelles-based exchange announced a Polkadot Sponsorship program, as well as a $5 million Tether stablecoin fund from the Huobi Innovation Lab to support “developers, event organizers, content creators, and ambassadors” throughout the Polkadot ecosystem. Read Full on cointelegraph.
Ron Paul Says Best Way To Deal With Bitcoin Is To Legalize It
Former presidential candidate and libertarian Ron Paul thinks that the best way to deal with Bitcoin is to legalize it and left alone by the government. The ex-Libertarian Party congressman for Texas said on the Stephan Livera podcast that he is interested in the cryptocurrency because it is “not a creature of the government”. Ron Paul said, we should do whatever we can to make it legal. Ron Paul argued on the show to not even tax the asset. Read Full on Decrypt.
Miners Generate $522 Million In Revenue From Network Fees In November
Data shows that Bitcoin miners generated an estimated $522 million in revenue in November. The revenue increase was as a result of bitcoin price surge in November, setting a new all-time high by month’s end after over 40 percent gains. Monthly revenue in November hit the highest level since September 2019. Network fees brought in $54.9 million in November. Miners took advantage of the increased revenue to bring in more machines online . Read Full on CoinDesk.
Ethereum’s “Realized” Price Hits A Two-Year High
Metrics from Glassnode shows that Ethereum—along with Bitcoin—hit new highs with its “realized” price of $287. Ethereum’s “realized” price has increased by 11.7% in a month. “Realized” price refers to the value of coins that are actively used. The “realized” price calculation is calculated by dividing the realized cap by the circulating supply. ETH’s price increase is influenced by Bitcoin’s growing price and increased interest in DeFi platforms. Read Full on Decrypt.
Japanese Firm Layer X To Build A Blockchain-Based Voting System In Japanese City
LayerX, the Tokyo-based company, announced recently the development of electronic voting project to promote safe and secure elections for a Japanese City. According to the firm, the xID application will strengthen the company’s existing voting system by verifying a voter’s identity and ensuring only one ballot is issued per person. LayerX’s system will independently verify that the records of a particular vote was performed correctly on the blockchain network. Read Full on cointelegraph.
Chinese Online Retail Giant JD.com To Enable Digital Yuan Payments
JD.com Inc., China’s second-biggest online retailer, will become the country’s first virtual mall to use digital yuan, the cryptocurrency backed by the central bank. JD Digits, the e-commerce giant’s fintech affiliate, will launch a pilot program this month, and customers will pay for certain items with digital yuan. About 100,000 digital cash vouchers, worth 20 million yuan in total, will be issued to residents of Suzhou city in the eastern province of Jiangsu on Dec. 11. Read Full on bloomberg.
Standard Chartered Chief Says Cryptocurrency Usage Is “Absolutely Certain”
As the international payment system evolves, more companies and institutions in the mainstream are gradually warming up to digital currency adoption,In the latest development, the Chief Executive Officer of British-based Standard Chartered Bill Winters has hinted that it’s imminent the bank will roll out its digital currency. Read Full on cryptocurrencynewscast.