Crypto News Cast 📮 14-12-2020

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24hours Cryptocurrency Market Cap:

📈MarketCap: $563 B
📊24h Mcap %: 0.69%
⚠️Bitcoin Dom: 63.40%
📌Active Coins: 4,895
📍24h Vol %: 4.10%
💲24h Vol: $97 B

Crypto News Updates :

• India Surpasses China In Peer To Peer Bitcoin Volume
• Bondly To Be First DeFi Project Enabled On Cardano Blockchain
• Next Stop For Bitcoin Is At $50K, Buy Below $20K Suggests Author Of ‘Rich Dad Poor Dad’
• Bitcoin Number Of Non-Zero Addresses Just Reached An All-Time high
• IOTA Unveiled Chrysalis Testnet Will Be Launched Today
• Fidelity CEO Praises Bitcoin In An Interview With Barron’s Magazine
• Core Scientific Raise Over $23 Million To Mine Bitcoin
• CoinLinked Now Allows To Shop From Any Website Using Any Crypto
• Every Norwegian Citizen Owns Over $2 In Bitcoin

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India Surpasses China In Peer To Peer Bitcoin Volume

India is rising as a bitcoin hot spot after their Supreme Court overturned a central bank diktat. India and China now both account for 33% of bitcoin peer to peer (p2p) trading volumes according to Arcane Research. India however has more recently briefly overtaken China in a sign that the crypto economy is starting to boom in the country. Trading volumes there have shot up 87% since the central bank diktat was overturned in March 2020, making India a key region of growth. Read Full on Trustnodes.

Bondly To Be First DeFi Project Enabled On Cardano Blockchain

Blockchain engineering company ​IOHK​, the builders of blockchain platform Cardano, today announced that Bondly will be the first DeFi project to be enabled on Cardano as part of the roll-out of the platform’s highly anticipated smart contract functionality that will allow decentralized apps (DApps) to be built on the network. Bondly aims to bring decentralized finance (DeFi) to the masses, merging traditional banking services with blockchain technology. Read Full on BeInCrypto.

Next Stop For Bitcoin Is At $50K, Buy Below $20K Suggests Author Of ‘Rich Dad Poor Dad’

The author of ‘Rich Dad Poor Dad’, Robert Kiyosaki, has expressed via Twitter, that he is glad he bought Bitcoin (BTC). According to Mr. Kiyosaki, Bitcoin will soon be valued at $50,000 due to an influx of institutional money. Furthermore, buying Bitcoin below $20k would probably be a good idea given that the American economy is in trouble. Mr. Kiyosaki also pointed out that the future is bright for Gold, Silver, Bitcoin and entrepreneurs. Read Full on EWN.

Bitcoin Number Of Non-Zero Addresses Just Reached An All-Time high

As of Dec. 12, the number of Bitcoin wallets containing a non-zero balance of Bitcoin reached its all time high of 32,925,521. It shows that more users are creating wallets and actually depositing Bitcoin on them. This highlights that users are interacting with the network. According to Chief Economist of Chainalysis, Bitcoin wallets that hold over 1,000 Bitcoin also increased by 17% in 2020, pointing to increased intention by retail and institutional investors. Read Full on Twitter.

IOTA Unveiled Chrysalis Testnet Will Be Launched Today

In its latest tweet, the IOTA Foundation has announced that the launch of the Chrysalis testnet is going to take place on Dec. 14. Chrysalis is the term that is used to define a series of “most promising” upgrades that are going to make the network enterprise-ready before the eventual launch of the IOTA 2.0 mainnet (a.k.a. Coordicide). This intermediary step is expected to make the transition to Coordicide much smoother while boosting IOTA’s scalability and adding new features. Read Full on Twitter.

Fidelity CEO Praises Bitcoin In An Interview With Barron’s Magazine

The CEO of one of Wall Street’s largest firms, Fidelity Investments, Abigail Johnson recently took an interview with Barron’s Magazine. She stated that the mutual fund giant’s custody business around bitcoin has been “incredibly successful” and has a “tremendous pipeline.” Fidelity, which began a bitcoin mining operation in 2016, has been working on connecting the legacy world with the future of cryptos. She said "building those on and off ramps around facilitating the trading between fiat currencies and cryptos is something that’s happening now, and I’m glad it’s moving along.” Read Full on CoinDesk.

Core Scientific Raise Over $23 Million To Mine Bitcoin

With current prices of Bitcoin, a block reward is worth about $125,000 dollars. But a lot of people are rushing to get those block rewards, and the hashrate is high. So, in order to remain energy efficient, and profitable, Core Scientific need to find cheap power. The startup has been searching in middle America to find affordable kilowatt hours. They will also create job opportunities which will solve unemployment caused by COVID-19 crisis. Read Full on BeInCrypto.

CoinLinked Now Allows To Shop From Any Website Using Any Crypto

CoinLinked, a blockchain-based social network and crypto-commerce platform, unveiled a new feature that lets people shop at any of their favorite online retailer using stablecoins and DeFi tokens. CoinLinked claims it’s the first platform to allow consumers to buy any product from any website, all over the world, using any cryptocurrency. The company, typically charges a $199 membership fee, which is being waived through the holiday season. Read Full on coinlinked.

Every Norwegian Citizen Owns Over $2 In Bitcoin

Unearthed by redditor u/ThiaSCSGOSkins, who seems to be the first to investigate this matter, the citizens of Norway own Bitcoin via a state fund. This fund is capitalized by excess oil sector profits that is invested on behalf of Norway’s citizens. So, although every Norwegian citizen may not directly own Bitcoin, they own it through this oil profit fund known as the Oljefondet. Each Norwegian currently indirectly owns about $2.20 worth of Bitcoin through this fund. Read Full on BeInCrypto.