Crypto News Cast 📮 9-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $546 B
📊24h Mcap %: -9.00%
⚠️Bitcoin Dom: 62.70%
📌Active Coins: 4,850
📍24h Vol %: -31.20%
💲24h Vol: $164 B

Crypto News Updates :

• Human Rights Officer Calls Bitcoin Humanitarian Defense System
• Bitcoin’s Market Cap Will Surpass That Of Gold
• SIX Digital Exchange Collaborates with SBI To Develop A Digital Assets Exchange In Singapore
• London’s Standard Chartered Bank To Launch Crypto trading For Institutional Investors
• Payment Giant Dedicates $10 Million To Eco-friendly Bitcoin Mining Initiative
• Bridgewater CEO Refinished Bitcoin As A Good Store Of Value
• G-7, Other Nations Request For More Regulations For Crypto

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Human Rights Officer Calls Bitcoin Humanitarian Defense System

Chief Strategy Officer of Human Rights Foundation , Alex Gladstein suggested that Bitcoin can push against surveillance capitalism and social credit systems because Bitcoin serves a critical purpose of humanitarian defense system. During the 2020 Latin American Bitcoin & Blockchain Conference. Gladstein’s presentation focused on surveillance states around the world and how people often gladly trade their digital privacy away for convenience. Read Full on Decrypt.

Bitcoin’s Market Cap Will Surpass That Of Gold

The Winklevoss twins have urged attendees of the Singapore Fintech Festival 2020 to educate themselves on Bitcoin, predicting BTC’s market cap will overtake that of gold. Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s price will eventually exceed prices of $500,000 per Bitcoin. Cameron believes that Bitcoin offers significant advantages over gold as a monetary commodity, such as its ease of transfer and immunity to external forces influencing the rate of its production. Read Full on cointelegraph.

SIX Digital Exchange Collaborates with SBI To Develop A Digital Assets Exchange In Singapore

SIX Digital Exchange, the tokenisation arm of Swiss financial services firm SIX Group collaborates with Japan’s SBI Digital Asset Holdings to develop a digital assets exchange in Singapore. The pair hope to launch the exchange by 2022, which will gain regulatory approval of the Monetary Authority of Singapore. Tim Grant, head of SDX, said the partnership looks to provide services into the Asian market as well as open up the trading channel between Europe and APAC. Read Full on SIX.

London’s Standard Chartered Bank To Launch Crypto trading For Institutional Investors

London’s Standard Chartered bank gathered a group of Cryptocurrency exchanges for a new digital asset trading platform tailored to the institutional market, according to two sources. The firms involved in the custody and trading project include LMAX and ErisX, Switzerland-based custody provider METACO, in which Standard Chartered has invested; and U.K.-based trading technology provider Cobalt. Standard Chartered’s crypto trading group will include an Ethereum-based settlement token, Read Full on CoinDesk.

Payment Giant Dedicates $10 Million To Eco-friendly Bitcoin Mining Initiative

Square, payments giant announced a major push to go carbon neutral by 2030. The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly. As part of the initiative, Square will dedicate $10 million to the Initiative, which aims to support companies that help drive adoption and efficiency of renewables within the Bitcoin ecosystem. Jack Dorsey, CEO of both Square and Twitter said Bitcoin is a unique part of Square’s footprint. Read Full on Square.

Bridgewater CEO Refinished Bitcoin As A Good Store Of Value

Bridgewater Associates CEO Ray Dalio has relaxed his opinion on Bitcoin, recognizing it as an alternative to gold during his latest AMA (“Ask Me Anything”) session on Reddit. He claims that it can serve as a good mobile store of wealth with limited supply because of its volatility. Ray Dalio also recommended “smart diversification” in terms of asset classes, currencies, and countries, due to the rapidly growing debt and money printing. Read Full on U.Today

G-7, Other Nations Request For More Regulations For Crypto

Large number of nations, including many G-7 members, want more regulations for crypto. Digital-asset regulation has been a focal point in 2020. A recent G-7 meeting concluded that the sector faces a great need for regulation. According to a public statement from the United States Department of the Treasury, there is need to prevent the use of crypto for illicit activities. Regulators have also increased their involvement in the crypto sector in recent months. Read Full on Decrypt.