Crypto News Cast 📮 20-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $667 B
📊24h Mcap %: -4.38%
⚠️Bitcoin Dom: 65.70%
📌Active Coins: 4,972
📍24h Vol %: 14.60%
💲24h Vol: $175 B

Crypto News Updates :

• Bitcoin Hits Fresh All-Time High Breaking Over $24,000
• Daily Trading Volumes Of Top Indian Crypto Exchanges Surges To 500%
• $51 Billion-dollar Investment Firm Sells Gold To Buy Bitcoin
• John Lennon’s Son Stands Up To Bitcoin Critics On Major Issues
• Bitcoin Could Hit $1 Trillion Market Cap In 2021
• Blockchain To End Commercial Banks Said Coinshares Executive
• Pantera ICO Focused Fund Up 362% In The Last One Year
• DogeCoin Skyrocketed Again On Elon Musk's Latest Tweet
• Bitcoin Options Hits A New Record High Of $6.5 Billion

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Bitcoin Hits Fresh All-Time High Breaking Over $24,000

The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time mark of $24,122.67 before falling back to $24,040.60, up 6.13% on the day. The record price comes two days after bitcoin (BTC, +5.69%) first sliced through the $23,000 price point amid its more than 12% intraday gains. With the latest price increase, bitcoin's year-to-date percentage gains have grown to over 225 percent. Read Full on CoinDesk.

Daily Trading Volumes Of Top Indian Crypto Exchanges Surges To 500%

The average daily cryptocurrency trading volumes across top Indian exchanges (WazirX, ZebPay, CoinDCX and BitBNS. ) has grown by nearly 500% ($22.4 million) since March 2020. Research from Paxful shows India as the second biggest Bitcoin nation in Asia, after China, and the sixth biggest in the world, after the United States, Nigeria, China, Canada and the United Kingdom. Different factors are driving Crypto adoption in India. Read Full on medianama.

$51 Billion-dollar Investment Firm Sells Gold To Buy Bitcoin

Christopher Wood, the global head of equity strategy at Jefferies said that the firm is buying Bitcoin at the expense of Gold. With $51 billion in assets under management the firm is converting some of its gold holdings to bitcoin. Wood says he plans to add more cryptocurrency to his portfolio especially if the market experiences a correction. Analysts Juan Villaverde and Bruce Ng are bullish on Bitcoin with firms like Jefferies going into Bitcoin. Read Full on The Daily Hodl.

John Lennon’s Son Stands Up To Bitcoin Critics On Major Issues

John Lennon’s younger son, Sean Ono Lennon, recently shared his opinion on Bitcoin in response to Bitcoin critics in a tweet. Sean Lennon took a stance against Bitcoin haters on several major accusations they made about Bitcoin. He pointed out that major criminal cases, money laundering were linked to Fiat and not Bitcoin as the haters claimed. He also reminded them of Wachovia banking giant and when compared to Bitcoin, Fiat has no transaction transparency. Read Full on twitter.

Bitcoin Could Hit $1 Trillion Market Cap In 2021

According to Garrick Hileman, head of research at Blockchain.com, Bitcoin’s market cap could reach $1 trillion in 2021 (current market cap is $436 billion) with influx of institutional investors who see it as a safe haven asset. Most of these institutional investors like Stanley Druckenmiller, BlackRock, Bill Miller, and Jack Dorsey acknowledged that bitcoin is a great store of value. Blockchain.com accrued a 39% growth in wallet creation (17 million wallets) in the past one year. Read Full on businessinsider.

Blockchain To End Commercial Banks Said Coinshares Executive

Daniel Masters, Coinshares executive said in a recent interview investing in cryptocurrencies started off as an adventure for him. He also said that, in a few years to come, central banks would have their own digital currency, central bank digital currencies (CBDC) especially in order to deal with corruption and accountability. The issuance of CBDC will make commercial banks to cease to exist because their functions are being replaced by decentralized finance companies. Read Full on Forbes.

Pantera ICO Focused Fund Up 362% In The Last One Year

Pantera Funds continue to generate massive returns in the face of incoming Bull market. According to Pantera Capital’s monthly investor letter, with the Bull market yet to kick-off, the firm’s initial coin offering-focused fund has risen up 362% from beginning of the year till date. Also Pantera’s bitcoin fund increased profitably to 218% and the digital asset fund is up 224%. The Pantera Fund is driven by decentralized finance. Read Full on The Block.

DogeCoin Skyrocketed Again On Elon Musk's Latest Tweet

Dogecoin is up some 15% following a tweet by Tesla’s and SpaceX’s (pictured) CEO Elon Musk. “One word: Doge,” he said, and that was enough to launch the doge rocket with the flight appearing clear so far, although we’ll have to wait for the landing. Musk also said “Bitcoin is my safe word… Just kidding, who needs a safe word anyway!?” But bitcoin didn’t seem to care because that now runs on $1 billion investments by big money boys. Read Full on Trustnodes.

Bitcoin Options Hits A New Record High Of $6.5 Billion

The open interest on Bitcoin (BTC) options contracts recently reached a new all-time high of $6.5 billion with investors optimistic with long term bets. This figure for the options contract is a three-times increase from last 90 days which is also a proof of the significant market growth in the last 6-months. Longer-term options are even more bullish and relatively cheap for 40 to 50 days calendar. Read Full on cointelegraph.