Crypto News Cast 📮 8-12-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $559 B
📊24h Mcap %: -7.30%
⚠️Bitcoin Dom: 62.80%
📌Active Coins: 4,825
📍24h Vol %: 8.67%
💲24h Vol: $129 B
Crypto News Updates :
- Over 1% Of Ethereum Total Supply Already Staked
- Thailand’s Excise Department Integrates Blockchain System To Improve Tax Efficiency
- Grayscale’s ETHE Hit An All-time High Average Daily Volume In November
- Boerse Stuttgart Group Crypto Trading App Has Hit $1.21 Billion Volume in 2020
- Bittrex Exchange To Support Tokenized Tesla, Google, Facebook Stocks
- Standard Bank of Philippines issues $187 million tokenized bond on Blockchain
- MicroStrategy To Invest $400 Million Proceeds From Securities Into Bitcoin
- Around 2% Of The World Has Been Exposed To Bitcoin
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Over 1% Of Ethereum Total Supply Already Staked
According to co-founder Vitalik Buterin, over one percent of the total supply of Ethereum has been staked on the deposit contract. Total supply of Ethereum is approximately 113.7 million ETH. The deposit contract was officially deployed last month, and the new blockchain launched as scheduled on Dec 1. According to the Ethereum 2.0 Launchpad, the deposited ETH generate an estimated 14.6% annual percentage yield for stakers. Read Full on BeInCrypto.
Thailand’s Excise Department Integrates Blockchain System To Improve Tax Efficiency
Thailand’s Excise Department is hoping the integration of a blockchain system can help it boost revenues and assist the nation’s economic recovery. Lavaron Sangsnit, Excise department’s director-general, said Blockchain technology will be employed for the purpose of efficient tax revenue collection for the 2021 fiscal year. Two other tax agencies in the nation, the Revenue Department and Customs Department, will also start using blockchain systems in their operations. Read Full on CoinDesk.
Grayscale’s ETHE Hit An All-time High Average Daily Volume In November
According to data compiled by The Block, the average daily trading volume of Grayscale’s Ethereum Investment Trust (ETHE) hit all time high of 220% in November compared to the previous month. November recorded the highest ETHE average daily volume of $24.63 million with $9.43 million more daily volume than the last peak, which occurred in August. Last week, Grayscale announced a 9-for-1 share split for ETHE. Read Full on The Block.
Boerse Stuttgart Group Crypto Trading App Has Hit $1.21 Billion Volume in 2020
Borse Stuttgart, Germany’s second-largest stock exchange, achieved trading volume of €1 billion (US$1.21 billion) so far this year, from its Bison crypto trading app. The stock exchange recorded daily trading volumes exceeding €35 million ($42.3 million) in November. Active users also hit new highs, increasing by 180% to 206,000 in 2020, the group said. The increase in users and the trading volume on Bison in the current year exceeded their expectations. Read Full on CoinDesk.
Bittrex Exchange To Support Tokenized Tesla, Google, Facebook Stocks
Crypto exchange Bittrex, announced that it will be listing tokenized stocks on its platform in cooperation with DigitalAssets.AG. This will allow traders and investors to invest in US-listed companies without paying additional fees or using the services of a traditional brokerage. Over 12 popular shares will be offered on Bittrex, including Tesla, Google, Facebook, and the SPY. You can buy the shares with US dollars, Tether, or Bitcoin, and will be offered around the clock. Read Full on Decrypt.
Standard Bank of Philippines issues $187 million tokenized bond on Blockchain
Standard Chartered Bank and UnionBank of the Philippines issues 9 billion Philippines peso (US$187 million) tokenized retail bond on a blockchain-backed platform through proof of Concept. Singapore-based SC Ventures – Standard Chartered’s fintech investment unit – built the bond tokenization platform in collaboration with UnionBank. 3- and 5.25-year dual-tranche issuances totaling $187 million by Union Bank were created in tokenized form on the platform. Read Full on CoinDesk.
MicroStrategy To Invest $400 Million Proceeds From Securities Into Bitcoin
MicroStrategy, the world’s leading intelligence firm, announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. The $400 million would increase the company’s holdings by 20,833 at the current price, bringing their total crypto holdings to almost 62,000 BTC. Microstrategy will pay semi-annual interest to the note-holders until December 2025. MicroStrategy might also offer an additional $60 million worth of notes to its initial purchasers. Read Full on MicroStrategy.
Around 2% Of The World Has Been Exposed To Bitcoin
According to Willy Woo, leading Bitcoin on-chain analyst; less than 2% of the world (about 120 million individuals) is exposed to Bitcoin currently. He said that Bitcoin hasn’t started its adoption s-curve and with the current growth, it will be one of the fastest growths in history yet. There will be massive growth in the price of Bitcoin, if it gains mass adoption and also with the institutional interest and investment. Read Full on Twitter.