Crypto News Cast 📮 21-12-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $646 B
📊24h Mcap %: -17.56%
⚠️Bitcoin Dom: 66.50%
📌Active Coins: 4,974
📍24h Vol %: 1.20%
💲24h Vol: $178 B
Crypto News Updates :
- Bitcoin Now a Mainstream Institutional Investment: Ric Edelman
- Michael Saylor Offered To Advise Elon Musk To Invest In Bitcoin
- DeFi Accounts for Almost 90% of Ethereum Transactions
- Bitcoin Price Rise Caps Best Week in 20 Months With 23% Gain
- Bitcoin Could Reach $650,000 Says Financial Giant JPMorgan
- Binance CEO: Elon Musk And Tesla To Buy Crypto
- Cash App Now Gives Bitcoin Back On Every Transaction
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Bitcoin Now a Mainstream Institutional Investment: Ric Edelman
Ric Edelman, the investment icon who has been named the country's top financial advisor by Barron's three times over, says the conversations surrounding Bitcoin are doing a 180-degree turn as more institutions invest in BTC. The number one reason that advisors say they are interested in this is the fact that Bitcoin is uncorrelated. The prominent investor says that as big institutions pile into Bitcoin, a massive legitimization of the leading cryptocurrency will take place. Read Full on The Daily Hodl.
Michael Saylor Offered To Advise Elon Musk To Invest In Bitcoin
Michael Saylor, the CEO who made a $425 million bet on Bitcoin earlier this year, is offering to advise Elon Musk on how to get started investing in crypto. According to a tweet posted today, Saylor proposed Musk convert Tesla’s balance sheet into Bitcoin (BTC). The MicroStrategy CEO implied a figure like Musk taking the lead on Bitcoin adoption could cause “other firms on the S&P 500” to follow. Saylor then offered to “share [his] playbook” with the Tesla CEO. Read Full on twitter.
DeFi Accounts for Almost 90% of Ethereum Transactions
The latest report on DApps by DappsRadar shows that while the percentage of Ethereum-based DeFi projects is steady, their usage is jumping. The top 10 DeFi dapps are responsible for 87% of Ethereum transaction volumes, or $223 billion in 2020. DeFi drove decentralized application growth in 2020. DeFi is now the “dominant sector in terms of key metrics such as TVL (total value locked), AUW, and volume”. Read Full on BeInCrypto.
Bitcoin Price Rise Caps Best Week in 20 Months With 23% Gain
Bitcoin has gained 23% since Monday, ending the week trading just below $23,500 with its best weekly performance since April 2019, measured by percentage increase. Bitcoin's strong weekly performance coincides with the latest flurry of institutional investor activity in bitcoin. Christopher Wood, global head of equity strategy at investment firm Jefferies, Scott Minerd, chief investment officer at Guggenheim Partners and Goldman Sachs all are bullish on BTC. Read Full on CoinDesk.
Bitcoin Could Reach $650,000 Says Financial Giant JPMorgan
JPMorgan, one of the largest investment banks in the world, considers Bitcoin (BTC) could eventually reach $650,000 if its market capitalization becomes that of gold. JPMorgan released a report in which they explain that Bitcoin and gold have been the main beneficiaries of the pandemic. About it, JPMorgan wrote: “Alternative ‘currencies’ such as Gold and Bitcoin have been the main beneficiaries of the pandemic in relative terms growing their assets by 27% and 227%, respectively.” Read Full on zerohedge.
Binance CEO: Elon Musk And Tesla To Buy Crypto
Changpeng Zhao, CEO of Binance said in a recent tweet that Elon Musk and Tesla will definitely buy crypto and it’s only a matter of time. Zhao said he is willing to stake his name on this prediction. This tweet followed Elon Musk’s recent crypto tweets on his verified Twitter handle. One of Elon Musk’s tweet said that Bitcoin is his safe word even though, he said he was kidding later. His controversial tweet pushed Doge up by 25%. Read Full on ZyCrypto.
Cash App Now Gives Bitcoin Back On Every Transaction
Users can now get Bitcoin back on every transaction on their Cash App, the cash-transferal app of payments giant Square. This is another sign of the growing adoption and acceptance of bitcoin and the increasing importance of the Bitcoin to Cash App and its owner, Square. Before now, Cash App allowed only dollar back on transactions. This is the latest trend in Bitcoin back reward product offerings. Read Full on CoinDesk.