Crypto News Cast đŽ 07-11-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
đMarketCap: $442 B
đ24h Mcap %: -1.79%
â ď¸Bitcoin Dom: 64.30%
đActive Coins: 4,543
đ24h Vol %: -78.20%
đ˛24h Vol: $127 B
Crypto News Updates :
- Swiss Crypto Bank Sygnum Now Offers Trading, Staking And Custody For Tezos
- Bitcoin Miner Revenue Surges To Pre-Halving Levels
- With Over 100% YTD Gain Bitcoin Is Massively Outperforming Gold, Stocks, and Dollar
- Bitcoin Overtakes PayPal In Terms Of Total Market Cap
- Earn Bitcoin Rewards While Purchasing Samsung Products
- Report Reveals Interesting Year For Enterprise Use Of Blockchain
- Tether Closes In on $17 billion Market Cap as Bitcoin Soars
- Nigeria Expects To Generate $6-10 Billion Revenue From Blockchain
- Rippleâs Q3 Report: XRPâs Average Daily Volume Of Surged By Above 107%
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Swiss Crypto Bank Sygnum Now Offers Trading, Staking And Custody For Tezos
Sygnum Bank, a digital assets company licensed in Switzerland, has launched services for Tezos (XTZ), its first listing of a proof-of-stake blockchain token. Users can earn rewards by staking XTZ with no minimum period and interest said to be "up to 5%" annually. Sygnumâs offering of Tezos staking services serves as validation of the networkâs security and longevity, and is yet another step on the path towards major institutional and enterprise adoption, said David Fuchs, head of enterprise adoption EMEA at the Tezos Foundation. Read Full on CoinDesk.
Bitcoin Miner Revenue Surges To Pre-Halving Levels
As the Bitcoin price is reaching its highest levels since January 2018, Bitcoin mining is getting more profitable due to a number of factors. According to data from Blockchain.com, BTC miner revenue has soared to levels not seen since Bitcoinâs third halving in May 2020, which reduced the miner block reward from 12.5 BTC to 6.25 BTC. BTC minersâ revenue hit $20.8 million on Nov. 4. According to Blockchain.com, this is the highest point recorded since September 2019, when the minersâ block reward was twice as much as now. Read Full on cointelegraph.
With Over 100% YTD Gain Bitcoin Is Massively Outperforming Gold, Stocks, and Dollar
The Bitcoin (BTC) price rise is demonstrating strong momentum against both risk-on and risk-off assets. With Over 100% year to date gain bitcoin has heavily outperformed gold, U.S. stocks, and the dollar. According to data analytic platform skew world's largest cryptocurrency by market cap has soared by 118% in year to date gain while gold rose by only 27%, SPX has sored 8.66% only while dollar was 1.58%. Read Full on U.Today
Bitcoin Overtakes PayPal In Terms Of Total Market Cap
Ever since news broke that PayPal would be supporting Bitcoin and other cryptocurrencies in the future, the price per BTC and the assetâs overall market cap has ballooned. Weeks ago, online payment pioneer PayPal announced it would offer support for buying, selling, and storing major cryptocurrencies Bitcoin, Litecoin, Ethereum, and Bitcoin Cash to its 346 million users. The news has helped propel Bitcoinâs market cap to a value of $286 Billion higher than PayPalâs market cap which is $235 billion. Read Full on Bitcoinist.com.
Earn Bitcoin Rewards While Purchasing Samsung Products
The global electronics company from South Korea, Samsung has renewed its partnership with cryptocurrency-focused shopping app Lolli that was initially announced back in February 2019. From now on, Lolli users can buy various Samsung products (such as TVs, Mobile phones, washers) and earn up to 4.5 percent back in Bitcoin rewards. The company also added support for technology company Garmin and cosmetics brand Fenty Beauty last month. Presently, Lolli supports over 1,000 top stores but it is only available for U.S.-based customers. Read Full on Lolli.
Report Reveals Interesting Year For Enterprise Use Of Blockchain
American market research company Forrester recently released its blockchain predictions for 2021. The report notes that 2020 has been an important year for growth in the enterprise blockchain and distributed ledger technology space. Martha Bennet, a co-author of the report, said the firmâs blockchain predictions are based on inflection points that show definite changes rather than the continuation of trends. For instance, the report predicts that 30% of global projects will make it into production next year. Read Full on cointelegraph.
Tether Closes In on $17 billion Market Cap as Bitcoin Soars
Tether, the US dollar-pegged stablecoin, today hit close to $17 billion in market capitalization. According to Tetherâs website, there are 16,991,893,171 Tethers in circulation, each representing $1. Tether (the company) unleashed a batch of $10 million new Tethers onto the market at around midnight today. Some think that this caused Bitcoinâs price to flare up from $15,501 to $15,869. Bitcoinâs current price is $15,510. Read Full on Decrypt.
Nigeria Expects To Generate $6-10 Billion Revenue From Blockchain
The director-general for Nigeriaâs National Information Technology Development Agency (NITDA) has said that the country could potentially expect a revenue stream between $6 billion to $10 billion from blockchain technology in the next ten years. According to a recent announcement from the NITDA, Director-General Kashifu Inuwa spoke at stakeholders meeting in the capital Abuja to review the agencyâs National Blockchain Adoption Strategy Framework. A draft of the strategy was first released in October and stated that blockchain would âfacilitate the Nigerian digital economy development.â Read Full on cointelegraph.
Rippleâs Q3 Report: XRPâs Average Daily Volume Of Surged By Above 107%
According to Rippleâs Q3 report, the average daily volume of the worldâs fourth-largest cryptocurrency XRP has increased more than by 107% to $403.58 million in Q3 from $196.28 million in Q2. This shows a significant increase in network usage and the growing adoption of the On-Demand Liquidity (ODL) payment solution offered by Ripple. In addition, total XRP sales net amounted to $35.84 million, an increase of more than 10% from $32.55 million. Read Full on Ripple.