Crypto News Cast 📮 27-12-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $728 B
📊24h Mcap %: 54.30%
⚠️Bitcoin Dom: 69.10%
📌Active Coins: 5030
📍24h Vol %: 62.00%
💲24h Vol: $246 B

Crypto News Updates :

• Bitcoin Is My Best Investment Says Mexico's Second Richest Man
• Russian Central Bank Says Digital Currencies May overtake Global Payment Network SWIFT
• New Survey Finds That Around 20% Of Aussies Own Cryptocurrency
• Adam Back: Retail Investors Pushed Bitcoin’s Price Above $25,000
• Bitcoin Beats Visa In Terms Of Marketcap
• Bitcoin Is Up $2.5K In One Day; Breaks Over $27,500
• BlackRock Investment Firm Posts Job Advert For A Blockchain Lead
• Binance Exchange Exceeded $3 Trillion Trading Volume In 2020
• Binance Exchange Incorporates SegWit For Faster and Cheaper Bitcoin Deposits

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Bitcoin Is My Best Investment Says Mexico's Second Richest Man

Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s second richest man, has revealed that he bought his first Bitcoin in 2013, when it was worth around $200. That, according to the billionaire, was his “best investment ever”. After holding it all the way until its 2017 highs, he sold all his positions at $17,000 and bought it again later at a cheaper price. Now Salinas holds around 10% of his liquid portfolio in BTC and doesn't plan to sell for another five or ten years. Read Full on cointelegraph.

Russian Central Bank Says Digital Currencies May overtake Global Payment Network SWIFT

The development of digital currencies may challenge the SWIFT international banking payment system and could eventually make it redundant, the Central Bank of Russia (CBR) has said. The SWIFT system facilitates cross-border payments between 11,000 financial institutions in more than 200 countries worldwide. More than 30 financial regulators are currently working on their national digital currencies and several countries may launch it over the next 5-7 years, the official added. Read Full on RT International.

New Survey Finds That Around 20% Of Aussies Own Cryptocurrency

Cryptocurrency awareness and adoption continue to increase in Australia as nearly 20% of Aussies have reported owning at least one digital asset. The number of people who have heard of at least one cryptocurrency has skyrocketed by over 90% in a year to 91.4%. Somewhat expectedly, the first-ever crypto asset Bitcoin leads the market awareness with 89%. Additionally, more people have taken advantage of the 2020 bull run in the crypto market as 42.7% had reported making profits. Read Full on CryptoPotato.

Adam Back: Retail Investors Pushed Bitcoin’s Price Above $25,000

As Bitcoin hit a new all-time high price on Christmas Day, Co-founder and CEO of Blockstream, Adam Back, believes that retail investors were behind the price move not institutional investors. Many reports support that retail investors were trailing behind. All-time-Highs. According to Blockstream’s Adam Back, retail investors could behind the latest rally. Back argued that Institutions had no play in it. Google search for “Buy Bitcoin” hit new highs supporting Back’s claim. Read Full on CryptoPotato.

Bitcoin Beats Visa In Terms Of Marketcap

Bitcoin’s price hit a new high above $25,000 on Dec. 25. And it also crossed another symbolic milestone by beating Visa’s market cap ($460.06 billion) making it the 13th largest company in the world with a market cap of $462 billion. On-chain analysts expect positive movement of Bitcoin’s price in the short term. Traders believe that as long as Bitcoin stays above support the crypto market will move fast. Read Full on cointelegraph.

Bitcoin Is Up $2.5K In One Day; Breaks Over $27,500

After hitting $25,000 on Dec. 25 and $26,000 on Dec. 26, quite naturally the price of bitcoin (BTC) soared past $27,000 early on Dec. 27 as the leading cryptocurrency’s recent meteoric rise continues. BTC’s market value now exceeds $500 billion, which puts it just under Warren Buffett's Berkshire Hathaway, the tenth-largest company in the world. This comes less than a day after surpassing Visa's market cap. Year to date bitcoin is up more than 270%. Read Full on CoinDesk.

BlackRock Investment Firm Posts Job Advert For A Blockchain Lead

BlackRock, the investment firm with assets under management (AUM) worth $7.8 trillion recently published a job advert for a Vice President, blockchain lead. This Blockchain lead is more of a business position than a technical one for making investment in cryptocurrencies and companies. Although, the person should know Crypto and Blockchain basics which includes consensus, governance, scalability, security, privacy, speed etc. Read Full on BTCMANAGER.

Binance Exchange Exceeded $3 Trillion Trading Volume In 2020

Binance reports total trading volume of over $3 trillion, with a daily figure of more than $52.6 billion in 2020. The trading volumes came from spot market, futures, options, margin trading and tokens with leverage. Asia and Europe were the major markets. Fiat pairs' largest trading volumes were currencies from United Kingdom, Europe, Russia and the CIS countries. The most popular crypto on the spot market were Bitcoin, Ethereum and XRP. Read Full on The Crypto Basic.

Binance Exchange Incorporates SegWit For Faster and Cheaper Bitcoin Deposits

Binance exchange, incorporates Segregated Witness (SegWit), for Bitcoin deposits. Initially, SegWit was supported for just withdrawals. However, the SegWit support was extended to deposits on Christmas Eve. Binance users can deposit funds to a SegWit (bech32) address by selecting the BTC (SegWit) network. Data show that about two-thirds of Bitcoin payments currently use SegWit. SegWit should help reduce fees; but sending incompatible assets incorrectly will cause permanent loss of funds. Read Full on binance.