Crypto News Cast 📮 18-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $647 B
📊24h Mcap %: -2.00%
⚠️Bitcoin Dom: 65.30%
📌Active Coins: 4,967
📍24h Vol %: 66.00%
💲24h Vol: $211 B

Crypto News Updates :

• Guggenheim’s CIO: Bitcoin Price Should Be 20x The Current Price
• IOTA Unveils Chrysalis Phase 2 Testnet For Public Testing
• Over 66,540 Addresses Now Hold $1 Million Worth Of Bitcoin
• Crypto Exchange Coinbase Preparing To Go Public
• The Graph Network Launches Its Mainnet To Making Blockchain Data Simpler
• MoneyGram Settled Billions Of Dollars In XRP
• Rapper Megan Thee Stallion Gives $1 Million In Bitcoin To Twitter Fans
• Electronics Giant LG Partners with KardiaChain And Others As Network Validators
• Hedge Fund Manager One River Makes Massive Crypto Bet of $1 Billion
• Nigeria Is Currently The Second Largest Bitcoin Market After US

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Guggenheim’s CIO: Bitcoin Price Should Be 20x The Current Price

Scott Minerd, chief investment officer at Guggenheim said in a recent interview that Bitcoin should be worth $400,000 bases on trading fundamentals, compared to the current price. With enthusiasm surrounding Bitcoin hitting a new all-time high price of over $21,000, he also mentioned that his company bought Bitcoin at $10,000. Also, Bitcoin has attributes of digital and even much more value in terms of transaction. Read Full on CryptoPotato.

IOTA Unveils Chrysalis Phase 2 Testnet For Public Testing

IOTA (MIOTA) unveils the Chrysalis phase 2 testnet, making it available for testing by the public, another important milestone towards IOTA 2.0. Several important components have been integrated into the Chrysalis phase 2.0 testnet. This include a new command-line interface (CLI) wallet, an experimental JS library that comes with Chrysalis APIs, a new Rust-based wallet.rs library with JS bindings via Neon. Read Full on BTCMANAGER.

Over 66,540 Addresses Now Hold $1 Million Worth Of Bitcoin

On-chain analytics firm Glassnode showed that over 66,540 addresses now hold $1 million worth of Bitcoin as the price of bitcoin hit $23,000. With the figure rising 150% in 24 hours. Glassnode pointed out that the rise in Bitcoin millionaires shows that early miners of bitcoin now own millionaires addresses. Glassnode CTO Rafael Schultze-Kraft said, All you had to do to be a millionaire today, is mine a single Bitcoin block between 2009 and 2012. Read Full on twitter.

Crypto Exchange Coinbase Preparing To Go Public

Cryptocurrency exchange Coinbase has confidentially filed a registration statement with the U.S. Securities and Exchange Commission (SEC). Multiple sources revealed the company's intention to debut on the U.S. stock market back in July. The $8 billion exchange has now officially confirmed its plans. Coinbase is joining the biggest initial pubic offering boom in recent history. The market cap of booking giant Airbnb topped $100 billion after it launched its blockbuster IPO earlier this month. Read Full on coinbase.

The Graph Network Launches Its Mainnet To Making Blockchain Data Simpler

The Graph Network launched its mainnet which will allow developers to easily search, index, use and publish data from public blockchains. Application Programming Interfaces called subgraphs makes this possible through a global and open network. 3800+ subgraphs are currently executed including 21 of the top 25 DeFi apps. The Graph’s business development lead Tegan Kline described it as, “kind of like the web without Google.” Read Full on cointelegraph.

MoneyGram Settled Billions Of Dollars In XRP

Alex Holmes, the CEO of MoneyGram, recently mentioned his company’s partnership with Ripple. Holmes highlighted the importance of real-time liquidity provided by Ripple's XRP because access to liquidity ensures the fastest transaction speed. While commenting on the results of the partnership, Ripple CEO Brad Garlinghouse noted that “billions of dollars” had been already settled with the help of the XRP cryptocurrency. Read Full on U.Today

Rapper Megan Thee Stallion Gives $1 Million In Bitcoin To Twitter Fans

Megan Thee Stallion partners with CashApp (a digital payment system) and she is the latest rapper to get involved with Bitcoin. In view of this new partnership with Cash App, the rapper Megan Thee Stallion is giving out $1 million in Bitcoin to her fans using CashApp on Twitter. In a recent official tweet, she said she will give out every unit of $1 million Bitcoin to those who shares their CashApp in the comment section. Read Full on twitter.

Electronics Giant LG Partners with KardiaChain And Others As Network Validators

LG CNS, subsidiary of multi-billion LG business, partners with KardiaChain and other technology firms, including multinational conglomerate Geleximco, global technology business HPT Vietnam and Vietnamese national taxi business Mai Linh Group, as validators of the network for the upcoming mainnet. Chang-deuk Yoon, Head of LG CNS said they will bridge private and public blockchains while combining the strengths of each company to explore new business opportunities. Read Full on CryptoNinjas.

Hedge Fund Manager One River Makes Massive Crypto Bet of $1 Billion

Hedge fund manager, One River Digital Asset Management, made a huge Bitcoin and Cryptocurrency bet of $1 billion for 2021. They currently own $600 million worth of Bitcoin. The hedge fund’s CEO, Eric Peters, describes Bitcoin as “generational” allocation of asset class. He is sure that Bitcoin and Ethereum will outperform gold in years to come. The crypto bet was in tune with Bitcoin’s Price surge to over $20,000. Read Full on bloomberg.

Nigeria Is Currently The Second Largest Bitcoin Market After US

Nigeria has traded 60,215 bitcoins in the last five years, worth $566 million which is the second-largest volume, after the United States the largest volume worldwide on Paxful. The data from Coin Dance showed bitcoin traded in Nigeria increased 19% in volume since 2017, and the highest volume of 20,504.50 was traded in 2020. Bitcoin trade increased by 30% during the national lockdown and pandemic. Read Full on qz.