Crypto News Cast 📮 17-12-2020

News Source

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $652 B
📊24h Mcap %: 50.30%
⚠️Bitcoin Dom: 65.50%
📌Active Coins: 4,962
📍24h Vol %: 130.08%
💲24h Vol: $281 B

Crypto News Updates :

• Bitcoin Ranks 3rd As Most Crowded Trade By Global Fund Manager
• Uniswap All Time Trade Volume Reaches A Milestone of Over $50 billion
• Cboe Exchange To Launch Cryptocurrency Indexes in Q2 of 2021
• Bitcoin’s 8 Years Annualized Returns Beats Stock Market 10 times
• Bitcoin Funds Kick-starts Trading On Canada’s Largest Stock Exchange
• Kraken Exchange To Integrate Lightning Network For Fast Transactions
• CME Groups To Launch Ethereum Futures Product In 2021
• American Express Invests In Crypto Trading Platform
• Germany Legalizes Securities Records On The Blockchain

Register at the best leverage exchanges

• BitMEX: https://bit.ly/2M74PX9
• Binance: https://bit.ly/34urfrJ
• Gemini: https://bit.ly/2IiqQDp
• FTXexchange: https://bit.ly/2SGhEL5
• Bittrex: https://bit.ly/3oSH8mh
• BraveBrowser: https://brave.com/nnr477
• BitYard: https://bit.ly/34fF7ch
• ByBit: https://bit.ly/36JuDQZ

Advertise Your Products and Get Leads To Your Business Hashing Ad Space

• Register link: http://bit.ly/2YlhQRh

Buy Products and Gift Cards With Bitcoin and Cryptocurrencies:

http://bit.ly/2sFJvSf

Bitcoin Ranks 3rd As Most Crowded Trade By Global Fund Manager

In a recent survey of global fund managers by Bank of America Merrill Lynch, it showed that Bitcoin has moved up the rankings of “most crowded trade” pushing out traditional investments like gold, stocks and bonds. Bitcoin ranked third after tech stocks and short dollar positions. The survey showed that more Bitcoin fund managers held long positions more than the previous month. Many investment managers are considering Bitcoin. Read Full on cointelegraph.

Uniswap All Time Trade Volume Reaches A Milestone of Over $50 billion

According to Uniswap’s Founder, Hayden Adams, Uniswap’s total all-time trade volume surpasses $50 billion. This milestone was achieved across 26,000 unique trading pairs. $420,000 was spent daily on gas fees as users awaits Uniswap V3. Records from ETH gas station shows that Uniswap spent $12.7 million on gas fees in the last 30 days. Also, Uniswap’s total value locked has increased by 2.6% over the past 24 hours to $1.37 billion. Read Full on CryptoPotato.

Cboe Exchange To Launch Cryptocurrency Indexes in Q2 of 2021

Cboe Global Markets (the largest options Exchange in U.S.) partners with CoinRoutes (data provider) to launch some cryptocurrency index tools in second quarter of 2021. Catherine Clay, Cboe’s information solutions chief, said the initial focus will be on BTC, ETH and a few cryptocurrencies with high market caps. The release will be in 3 phases with actual indices kicking off in the second quarter of 2021 taking Cryptocurrency more Mainstream. Read Full on CoinDesk.

Bitcoin’s 8 Years Annualized Returns Beats Stock Market 10 times

Charlie Bilello, founder and CEO of Compound Capital Advisors, shared data from YCharts that showed how Bitcoin brought massive returns to investors when compared to other asset classes, like stocks, bonds, gold and the US dollar. Annualized returns, showed Bitcoin’s ten years returns were 203.5% 10 times larger than Nasdaq 100's 20%. Currently, Bitcoin is on another bull run with the price above $20,000. Read Full on Decrypt.

Bitcoin Funds Kick-starts Trading On Canada’s Largest Stock Exchange

Bitcoin Fund (The Class A shares of the institutional-grade fund) have started trading on the Toronto Stock Exchange, Canada’s largest stock exchange. The fund is trading under the BTCG.U and BTCG.UN tickers (for U.S. dollars and Canadian dollars, respectively). Mike Novogratz’s cryptocurrency merchant bank, Galaxy Digital will act as the firm’s sub-adviser to manage the fund. And the performance of Bitcoin is tracked with Bloomberg Galaxy Crypto Index (BGCI). Read Full on U.Today

Kraken Exchange To Integrate Lightning Network For Fast Transactions

United States-based cryptocurrency exchange Kraken announced that it will integrate the Bitcoin Lightning Network in 2021 for instant BTC transfers, fast transactions and cheaper withdrawal fees. After integrating the lightning feature in the first half of 2021, deposit functionality will be activated which will reduce waiting time for users when they want to deposit Bitcoin. Kraken will hire a new team to facilitate the integration. Read Full on cointelegraph.

CME Groups To Launch Ethereum Futures Product In 2021

CME Group recently announced that they will launch Ethereum (ETH) futures product in 2021. According to CME’s website, one contract will be equal to 50 ETH. The futures product will hit the market in the second month of 2021 and will be subject to regulations. Addition of ETH futures will increase client demand bring growth to their futures markets. It will also give clients a hedge and tool for trade. Read Full on The Block.

American Express Invests In Crypto Trading Platform

American Express Ventures, invests in FalconX, a cryptocurrency trading platform for institutional customers. Global Head of American Express Ventures, said that FalconX brings simplicity, discovery and pricing all in one. With increased institutional interest in Bitcoin, FalconX revealed that its revenue has increased to 350% since May with an 150% growth in institutional customers, making it a total of 250 institutional investors. Read Full on Decrypt.

Germany Legalizes Securities Records On The Blockchain

The German government passed new law allowing all-electronic securities to be recorded using blockchain technology. This is part of the country’s blockchain strategy to remove issue of paper certificate which was also a security obstacle. German Finance Minister Olaf Scholz said the future is more electronic than paper-based. Documenting transactions on paper brought administrative burdens which the technology will solve. Read Full on CoinDesk.