Crypto News Cast 📮 12-11-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $456 B
📊24h Mcap %: 12.69%
⚠️Bitcoin Dom: 65.00%
📌Active Coins: 4,603
📍24h Vol %: 16.49%
💲24h Vol: $122 B

Crypto News Updates :

• Ripple Named as the Fourth Most Valued VC-Backed Fintech Unicorn Around the World
• Binance Awards $200K to Investigators who identified phishing campaign attackers
• World Economic Forum Calls Blockchain Key to Sustainable Digital Finance
• Bitcoin Hashrate Jumps as Asian Miners Bring Machines Back Online
• Plan B: Bitcoin Will Tap $100K-288K By 2021
• Apple Should Integrate Bitcoin into Apple Ecosystem: Michael Saylor
• Bitcoin Surpassed $16,000 Mark As It Heads Toward $20,000
• Number of Bitcoin Wallets with 10,000+ Bitcoin Hits 2020 High
• World's Second Largest Bank Issues Bonds Tradable For Bitcoin
• Peter Brandt: SEC Should Declare XRP As A Security

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Ripple Named as the Fourth Most Valued VC-Backed Fintech Unicorn Around the World

According to CB Insights San Francisco-based Ripple, with its $10 billion valuations, is behind only San Francisco-based Stripe, Shanghai-based Lufax, and India-based Paytm One97 which are valued at $36 billion, $39.4 billion, and $16 billion respectively. Late last year, Ripple raised $200 million in a Series C funding round, spearheaded by SBI Group, Tetragon, and Route 66 Ventures. That same year, the company purchased a $50 million stake in remittance platform MoneyGram. Read Full on CB Insights.

Binance Awards $200K to Investigators who identified phishing campaign attackers

Recently, the U.S. Department of Justice revealed its indictment of two people who were responsible for an attempted hack on our exchange in March 2018. In an official announcement today, cryptocurrency exchange Binance, said it has awarded the promised bounty of $200,000 to certain private investigators, who remain unnamed, for compiling a report that identified one of the alleged attackers and provided information on the specifics of the attack. Read Full on Binance.

World Economic Forum Calls Blockchain Key to Sustainable Digital Finance

UBS executive Karin Oertli lists blockchain technology along with artificial intelligence, mobile platforms, and the Internet of Things as being the cornerstones of digital finance. Oertli writes: “We believe that sustainable digital finance will play an essential role in efficiently channeling this capital to fuel innovation, growth and job creation, at the same time supporting the transition to a sustainable, low-carbon economy.” Oertli also touted blockchain as a “digital enabler for sustainable finance” and carbon reduction. Read Full on Weforum.

Bitcoin Hashrate Jumps as Asian Miners Bring Machines Back Online

Bitcoin’s hashrate bounced 30% Wednesday from quarterly lows on Nov. 2 as miners brought ASIC machines back online after relocating them out of China’s Sichuan province as the wet season ended in late October. A “large percentage” of all machines taken offline through the end of October are back online, said Alejandro De La Torre, vice president at Poolin. “There are, of course, some that may take longer,” he added, but most of the relocation process – typically a brief two-week period – is finished. Read Full on CoinDesk.

Plan B: Bitcoin Will Tap $100K-288K By 2021

This weekend the stock-to-flow (S2FX) author dubbed “Plan B” tweeted about his model and how he still believes in the S2FX trend. Plan B’s popular editorial called “Modeling Bitcoin’s Value with Scarcity” has caught the attention of the community for quite some time. The current trend suggests that if BTC’s price follows the S2FX model it could be around $100k by December 2021. Plan B said he have no doubt that bitcoin S2FX is correct and bitcoin will tap $100K-288K before December 2021. Read Full on Bitcoin News.

Apple Should Integrate Bitcoin into Apple Ecosystem: Michael Saylor

Portfolio manager Dan Weiskopf has a win/win plan for a fitting marriage between tech’s biggest giant and Bitcoin, which has been endorsed by Michael Saylor. Apple should invest a portion of its massive cash reserves in Bitcoin, Toroso Investments’ portfolio manager Dan Weiskopf posted earlier today on the ETF Think Tank website. Saylor retweeted and endorsed Weiskopf’s piece with the comment that the tech giant could see a $100 billion gain in market cap by integrating Bitcoin with their products and adding it to their holdings. Read Full on Twitter.

Bitcoin Surpassed $16,000 Mark As It Heads Toward $20,000

World largest cryptocurrency Bitcoin surpassed $16,000 for the first time since January 2018 shortly after Bitcoin's epic 2017 bull run. Bitcoin's price is now up 4% in the last 24 hours and 11% in the last week. The move ended a week of consolidation in the range of $14,000 to $16,000. According to Messari, Bitcoin's trading volumes rose from $28 million to $176 million in the last two hours. The price surge has boosted its market cap, which is now $297 billion. Read Full on CoinMarketCap.

Number of Bitcoin Wallets with 10,000+ Bitcoin Hits 2020 High

Analytics agency Santiment has shared data that shows cryptocurrency whales are still confident in their digital assets and in Bitcoin in particular. According to Santiment number of addresses with 10,000+ BTC hits a yearly high. According to the chart shared by the analytics firm, the number of wallets containing at least 10,000 BTC ($159,329,000 at the current BTC rate of $15,862 per coin), has hit a 2020 high of 111. Besides, wallets that contain 1,000-9,999 BTC at the moment are slightly under the all-time high of 2,135. Read Full on U.Today

World's Second Largest Bank Issues Bonds Tradable For Bitcoin

China Construction Bank (CCB) has tapped Hong Kong-based digital asset exchange Fusang for the issuance of $3 billion worth of debt securities over a blockchain. Tokenized bond certificates will be issued through the state-owned bank’s Labuan, Malaysia, branch over a period of three months. Notably, the digital securities will be exchangeable for bitcoin on the Fusang exchange, as well as U.S. dollars. Trading is slated to commence this Friday. Read Full on CoinDesk.

Peter Brandt: SEC Should Declare XRP As A Security

Veteran trader and chart analyst Peter Brandt is the latest figure in the cryptocurrency community to dispute the regulatory status of XRP. According to the chartist, XRP — the fourth-largest cryptocurrency at publishing time — is a security, which means that the coin should fall under the regulatory purview of the United States Securities and Exchange Commission. XRP would have been declared as a security if the SEC understood cryptos,” Brandt argued Read Full on cointelegraph.