Crypto News Cast 📮 15-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $565 B
📊24h Mcap %: 0.56%
⚠️Bitcoin Dom: 63.70%
📌Active Coins: 4,920
📍24h Vol %: 5.28%
💲24h Vol: $106 B

Crypto News Updates :

• Bitcoin Never hacked, Crypto Players Respond To U.S. Treasury Hack
• Bitcoin To Take Away Demand From Stocks, Bonds, Gold, Real Estate
• Bitcoin Exchanges Flood London’s Metro With Adverts
• Vitalik Buterin Suggests "Never Take Out A Personal Loan To Buy Ethereum"
• JPMorgan: Mutual Life’s Investment In Bitcoin Is Indicative Of Future Bitcoin Demand
• Coinbase: Replacing Ethereum On The Leaderboard Would be Challenging
• $777,777 Highest Price Ever Paid For An NFT
• Ethereum On the Verge Of Parabolic Rise After Accumulation Phase
• Bitcoin’s “Realized” Price and Capitalization Hits Another All-Time High

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Bitcoin Never hacked, Crypto Players Respond To U.S. Treasury Hack

According to a report, hackers breached the U.S. Treasury Department as well as the National Telecommunications and Information Administration (NTIA), with the Department of Commerce. Crypto players pointed out the advantages of Bitcoin in response to the hack. Kraken’s head of business Dan Held said Bitcoin never gets hacked. Anthony “Pomp” Pompliano also echoed Held’s sentiment about Bitcoin. Blockfolio implied that NTIA used dated algorithms for its cryptographic security. Read Full on cointelegraph.

Bitcoin To Take Away Demand From Stocks, Bonds, Gold, Real Estate

Saifedean Ammous, the best-selling author of The Bitcoin Standard, says Bitcoin may take away demand from safe-haven assets such as gold, stocks, real estate, and bonds. Ammous said Bitcoin could be the top store-of-value asset. He believes that the anonymity of Bitcoin’s pseudonymous creator Satoshi Nakamoto adds validity to the decentralized, permissionless nature of it. The author says Bitcoin shouldn’t just be a big safety net from a bad financial system, but as a legitimately better system. Read Full on The Daily Hodl.

Bitcoin Exchanges Flood London’s Metro With Adverts

Coinfloor, the U.K.’s exchange, launched large digital billboards and posters across London’s main tube stations. Meanwhile, Luno, combined its London underground ads with 650 Greater London buses and large roadside billboards. While Bitcoin prices gets close to all-time, the coronavirus pandemic has greatly reduced the cost of running adverts in the U.K and the Prices for prime ad space are highly competitive and the trains are busy, said Obi Nwosu, founder and CEO of Coinfloor. Read Full on CoinDesk.

Vitalik Buterin Suggests "Never Take Out A Personal Loan To Buy Ethereum"

According to a tweet, in 2013 when Vitalik Buterin, the founder of Ethereum, had only a few thousand dollars of net worth, he had to sell half of his personal Bitcoin to avoid going broke; before Ethereum even began. Several years ago, Buterin commented publicly on his personal wealth, saying he earned $154,000 per year from the Ethereum Foundation. The tweet followed Buterin’s advice to “never take out a personal loan to buy ETH or other Ethereum assets.” Read Full on Decrypt.

JPMorgan: Mutual Life’s Investment In Bitcoin Is Indicative Of Future Bitcoin Demand

According to JPMorgan Chase & Co., Massachusetts Mutual Life Insurance Co.'s recent $100 million investment in Bitcoin shows the potential for additional institutional demand for the Bitcoin in years to come. Strategists including Nikolaos Panigirtzoglou said that it suggests that adoption of Bitcoin is significantly gradually spreading. Others remain wary of such big claims since the Cryptocurrency is prone to high volatility and risks. Read Full on bloomberg.

Coinbase: Replacing Ethereum On The Leaderboard Would be Challenging

Lineup of DeFi-based blockchains came forward this year, to replace Ethereum in the crypto space by offering faster and cheaper transactions. However, It takes more to become a standard in this fast, evolving financial industry. But then, Ethereum has a stronger advantage in terms of network value at $66 billion but beats its competition in several key factors including developer experience, tools, use cases and user experience. All these needs to be considered for dApp and scalable user experience. Read Full on BeInCrypto.

$777,777 Highest Price Ever Paid For An NFT

Mike Winklemann is a graphic designer from Charleston, USA whose latest collection of NFT digital art collection, known as “The Complete MF Collection,” was auctioned to the highest bid of $777,777.777 This is the most expensive price ever paid for a non-fungible token in the Cryptocurrency space. The NFT collection also comes with a physical token that can be registered on the official website which will allow the creator to provide off-chain information. Read Full on CryptoPotato.

Ethereum On the Verge Of Parabolic Rise After Accumulation Phase

Ethereum has been showing signs of major strength as Bitcoin pushes. BTC’s price above $19,000 has allowed ETH to increase towards $600. Ethereum is close to the end of a long accumulation range since 2019, which is very similar to a range that Bitcoin recently broke out of before its massive move as also observed by a trader. One analyst believes that Ethereum could be on the verge of massive parabolic rise. Read Full on Bitcoinist.com.

Bitcoin’s “Realized” Price and Capitalization Hits Another All-Time High

Bitcoin’s “realized” price hit another all-time high of $7,670.15, according to Glassnode. Realized price refers to the value of coins that are actively used. Also Bitcoin’s “realized” capitalization hit an all-time high of $142.43 billion, Glassnode announced. Bitcoin hitting high price reflects a healthy market records and massive interest in Crypto especially decentralized finance and interest from institutional investors has led more people to invest in the cryptocurrency. Read Full on Decrypt.