Crypto News Cast 📮 09-11-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $439 B
📊24h Mcap %: -2.35%
⚠️Bitcoin Dom: 64.30%
📌Active Coins: 4,553
📍24h Vol %: -14.68%
💲24h Vol: $115 B
Crypto News Updates :
- Grayscale's AUM Exceeds To $9 Billion In Crypto Assets
- $100,000 Bitcoin Coming In 2021 Says Kraken's Dan Held
- Ripple Opens Dubai HQ as Blockchain Firm Mulls Leaving US
- Hive Blockchain Nearly Doubled Hash Power With The Purchase of New Machines
- Nouriel Roubini Recognizes Bitcoin as Store of Value
- Japanese Firm Layer X Labs Creates Blockchain-Powered E-Voting Protocol
- New Jersey Moves Closer to Crypto License With Introduction of Senate Bill
- Miners to Exchange Flow Of Bitcoin Increased Significantly: Glassnode Report
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Grayscale's AUM Exceeds To $9 Billion In Crypto Assets
Digital asset management firm Grayscale Investments has revealed that its assets under management have exceeded $9 billion. It also suggests that there is much more growth to be found going forward. Barry Silbert founder and CEO of Grayscale Investments, noted that Grayscale had added $500 million to assets managed in one day. The firm’s bitcoin trust is now just over $7.6 billion, followed by Ethereum Trust, which has $1.1 billion assets under management (AUM). Read Full on Twitter.
$100,000 Bitcoin Coming In 2021 Says Kraken's Dan Held
Dan Held, the growth lead at crypto exchange Kraken, says Bitcoin (BTC) is in a much stronger position now with the possibility of skyrocketing to $100,000 in 2021. Held says that Bitcoin remains a risk-on asset as he anticipates the Biden administration to print more money at an unprecedented rate. Despite the bullish target, Held also sights the threat of the paperization of Bitcoin where large corporations buy huge amounts of BTC but do not allow the deposit or withdrawal of the crypto asset. Read Full on YouTube
Ripple Opens Dubai HQ as Blockchain Firm Mulls Leaving US
As Ripple considers a move away from its home base in the U.S., the firm has set up a new Middle East and North Africa (MENA) headquarters in Dubai. The company's CEO, Brad Garlinghouse, recently said an unfavorable regulatory regime for the XRP cryptocurrency in the states means nations such as the UK, Switzerland, Singapore, Japan and the United Arab Emirates were all being eyed as potential alternative bases. Read Full on CoinDesk
Hive Blockchain Nearly Doubled Hash Power With The Purchase of New Machines
Publicly traded mining company Hive Blockchain purchased and immediately deployed its largest batch of new ASIC miners Friday, bringing 1,240 MicroBT WhatsMiner M30S machines online. It's targeting 1,000 PH/s in the next 12 months. Hive's expansion comes as bitcoin is trading at a three-year high of $15,500, up 116% this year. Year to date, shares of Hive, which had Q1 net income of $1.8 million, have gained 488 percent, currently trading at $0.53. Read Full on CoinDesk
Nouriel Roubini Recognizes Bitcoin as Store of Value
Prominent economist Nouriel Roubini has begrudgingly recognized Bitcoin as a “partial” store of value: “It may be a partial store of value because unlike thousands others (what I call s***coins) it cannot be so easily debased because there is at least an algorithm that decides how much the supply of Bitcoin raises over time.” He adds that most altcoins are literally worse that the U.S. Federal Reserve, while bitcoin has a hard-capped 21 mln supply. Read Full on U.Today
Japanese Firm Layer X Labs Creates Blockchain-Powered E-Voting Protocol
Japanese firm Layer X has said that the development of an e-voting system based on a blockchain protocol as part of a wider “smart city” initiative being pursued by Tsukuba City. The company said that the new system will meet the technical needs of e-voting, with the prevention of double voting, accurate storage of voting content, voter confidentiality, and management of operation records. In addition, it will allow voters to see their voting results, and verify whether the votes on the network have performed correctly. Read Full on cointelegraph.
New Jersey Moves Closer to Crypto License With Introduction of Senate Bill
New Jersey has inched closer to implementing a cryptocurrency license after a bill was introduced to the Senate on Thursday. The proposed law would require the issuance of a license for any entity looking to provide digital asset trading, storage, purchase, sales, exchange, borrowing/lending or issuance services. Unlicensed entities operating in New Jersey could be on the hook for $500 a day until an application for a license is filed. Read Full on CoinDesk.
Miners to Exchange Flow Of Bitcoin Increased Significantly: Glassnode Report
Glassnode says that, in the past 24 hours, the volume of Bitcoin that miners moved to trading platforms has seen a drastic surge to nearly 280 percent, totaling 25.101 BTC after 6.754 BTC. Miners are sending BTC to exchanges to fix their profits and cash out. While this is taking place, the Bitcoin rate has seen a slight drop from the recently recorded major high of $15,492 to the $15,215 mark. On Nov. 6, BTC blasted through $15,000 and surged to $15,829—a high not seen since early 2018. Read Full on U.Today.