Crypto News Cast đŽ 24-12-2020
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24hours Cryptocurrency Market Cap:
đMarketCap: $629 B
đ24h Mcap %: -11.30%
â ď¸Bitcoin Dom: 68.30%
đActive Coins: 5018
đ24h Vol %: -6.00%
đ˛24h Vol: $210 B
Crypto News Updates :
- Coinbase Announced First Bitcoin Core Developer Grants
- Privacy Pool Value Of Ethereum Mixer Tornado Cash Reaches A New High
- $1,200 U.S. Stimulus Of April Now Worth $4,200 in BTC, New Stimulus Loading
- GrayScale Buys Additional 12,300 Bitcoin Worth $300 Million
- Bitwise Crypto Index Sells XRP, Reinvests In Bitcoin And ETH
- Bitcoinâs Dominance Hits A New High As BTC Hits $24K
- Vancouver-based Fintech Company, Mogo Invests $1.5 Million In Bitcoin
- Riot Blockchain Pre-orders Additional 15000 Mining ASIC Machines From Bitmain
- Number Of Active Bitcoin Addresses Increased By Over 105% Year-to-date
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Coinbase Announced First Bitcoin Core Developer Grants
Coinbase inaugurates recipients of its Crypto Community Fund developer grants to support Bitcoin developers. JoĂŁo Barbosa, and pseudonymous developers 0xB10C (creator of mempool observer), were chosen by the fundâs advisory board as recipients for the fund. 0xB10C, will work on a software fork visualizer on Bitcoinâs Signet test network, Barbosa, will work on a user interface for Bitcoin Core that will allow its users to access advanced functions easily. Read Full on CoinDesk.
Privacy Pool Value Of Ethereum Mixer Tornado Cash Reaches A New High
Data from The Block shows that the privacy pool value on Tornado Cash is on the rise. The pool increased from $15.54 million to $23.89 million, a 54% increase in three days. This surge in value could be because Tornado Launched its governance Token, TORN few days ago. Tornado Cash conceals the on-chain relationship between transaction recipient and sender. Tornado Cash supports ETH, DAI, cDAI, and USDC through four mixer contracts. Read Full on The Block.
$1,200 U.S. Stimulus Of April Now Worth $4,200 in BTC, New Stimulus Loading
Second round of stimulus payments was approved by the United States Congress this week and there is renewed talks that people will use the government payments to buy Bitcoin. The newly issued stimulus will give $600 to qualified persons and $1,200 to married couples, with $600 for minors. The First $1200 stimulus in April is now worth $4200 in bitcoin. People will receive their share in coming weeks. Those who received initial stimulus might be ineligible for the Current one. Read Full on Decrypt.
GrayScale Buys Additional 12,300 Bitcoin Worth $300 Million
GrayScale bought extra $300 million worth of bitcoin (12,300 bitcoin) making their total assets under management to $16 billion (589,000 bitcoins). These 12,300 new bitcoins are âmintedâ stock shares by investors. The company also announced its largest ever, record breaking quarterly inflows of over $1.0 billion in third quarter of 2020. Grayscalesâs GBTC and ETHE shares can be freely bought and sold on the OTC Markets. Read Full on Trustnodes.
Bitwise Crypto Index Sells XRP, Reinvests In Bitcoin And ETH
The Bitwise Crypto Index announced their sale of XRP and reinvested the proceeds into the index where 75% is into Bitcoin and 13% in ETH. XRP was the third largest holding which was 3.8% before the conversion into other cryptos. Their sale of XRP was based on the recent challenge with SEC. The Bitwise 10 Crypto Index Fund manages more than $20 million in daily volumes on OTC Markets. Read Full on Trustnodes.
Bitcoinâs Dominance Hits A New High As BTC Hits $24K
Bitcoin experiences high volatility, struggling between being bullish and bearish as XRP holders sell off in panic. There was fluctuations in Bitcoinâs price between $22,800, $23,700 and $24,000 sell levels. The problems at Ripple pushed Bitcoinâs dominance high as XRP traders made a massive sell off. Its share, relative to the entire cryptocurrency market, has grown to above 68%. The last time it was this high was back in May. Read Full on Cointelegraph
Vancouver-based Fintech Company, Mogo Invests $1.5 Million In Bitcoin
In a press release, Vancouver-based fintech company Mogo announced its plans to make their first corporate investment of $1.5 million in Bitcoin. The company had plans to invest in Bitcoin as they monetize existing $17 million portfolio which will begin in 2021. Mogo noted that the initial purchase represent about 1.5% of Mogoâs total assets as of the end of Q3 2020. SkyBridge Capital, has also invested $25 million in Bitcoin. Read Full on CoinDesk.
Riot Blockchain Pre-orders Additional 15000 Mining ASIC Machines From Bitmain
Bitcoin mining firm Riot Blockchain pre-ordered additional 15,000 mining ASIC machines from Bitmain, making it a total number of 31,000 machines ordered by the mining company in 2020. The new purchase will expand the hashrate capacity to 3.8 exahashes per second (EH/s) in 2021, which is a 65% increase from its current 2.3 EH/s capacity. Riot expects delivery and deployment of the new machines between May and October 2021. Riot shares are up about 43% this month. Read Full on coindesk.
Number Of Active Bitcoin Addresses Increased By Over 105% Year-to-date
According to Coin Metricsâ data, the number of active Bitcoin addresses has increased by over 105% ( about 1.2 million active Bitcoin addresses) year-to-date. This is a sign of a sound market showing that more people are at least buying Cryptocurrency. Bitcoinâs success can be attributed to institutional investors like MicroStrategy, PayPal, Square. Also, the number of addresses holding at least 0.001 hit about 700,000. Read Full on Decrypt.