Crypto News Cast 📮 24-10-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $398 B
📊24h Mcap %: 3.54%
⚠️Bitcoin Dom: 61.00%
📌Active Coins: 4,423
📍24h Vol %: -14.36%
💲24h Vol: $80 B

Crypto News Updates :

• Japanese Professional Soccer Player Launched His Own “KSK Honda Coin” Token
• CME Becomes Second-Biggest Bitcoin Futures Exchange In Open Interest
• Active Bitcoin Addresses Accelerated To Level Last Seen In December 2017
• Winklevoss Twins: Bitcoin To $500k Is Inevitable
• Monero's Riccardo Spagni: Cryptographers Are Always 'One Step Ahead' of Regulators
• JP Morgan: Bitcoin Better Competes Gold As An Alternative Currency
• Microstrategy CEO Claims Company Will Hold Bitcoin For ‘100 years’

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Japanese Professional Soccer Player Launched His Own “KSK Honda Coin” Token

Keisuke Honda, former Japan midfielder and currently a captain of the Brazilian professional league team Botafogo, has launched his own “KSK Honda Coin” token on Thursday via Rally.io, a blockchain platform for creating video streaming and gaming applications. Holders of KSK Honda token will be able to get exclusive content from Honda as well as interact with the player via private channels on Discord. “We decided to create a social token to build new connections with our most loyal fans,” Honda said. Read Full on cointelegraph.

CME Becomes Second-Biggest Bitcoin Futures Exchange In Open Interest

In sign of increased institutional participation in cryptocurrency, the Chicago Mercantile Exchange (CME) has surpassed prominent cryptocurrency exchanges to become the second-biggest bitcoin futures platform by number of open contracts. As of Thursday, bitcoin futures contracts worth $790 million were open on the CME, according to data source Skew. That's 15.8% of the global open interest tally of $5 billion – the second highest contribution among major exchanges. Read Full on coindesk

Active Bitcoin Addresses Accelerated To Level Last Seen In December 2017

Active user participation in Bitcoin’s network has accelerated to levels last seen in December 2017, when the cryptocurrency printed record highs near $20,000. The number of active entities, or clusters of addresses controlled by a single network participant, jumped to 388,697 on Thursday, the highest since Dec. 9, 2017, according to data source Glassnode. The metric has more than doubled in the past five days alongside bitcoin's rally from $11,350 to $13,300. Read Full on CoinDesk

Winklevoss Twins: Bitcoin To $500k Is Inevitable

Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack. MicroStrategy and others buying significant amounts of Bitcoin for their treasury reserves seems to indicate that the market is beginning to shift. Cameron said. Institutions aren’t in Bitcoin right now. It’s been a retail phenomenon for the last decade. So Wall Street talks about it, they’re aware of Bitcoin, but they’re not really in it from our perspective, but it’s starting to happen. Read Full on cointelegraph

Monero's Riccardo Spagni: Cryptographers Are Always 'One Step Ahead' of Regulators

While regulators are trying to restrict privacy in crypto, their efforts may be futile, according to privacy-centric protocol Monero’s maintainer, Riccardo “Fluffypony” Spagni. “The U.S. Internal Revenue Service (IRS) wants the same level of insight [into monero] as they have over digital dollars in bank accounts; however, cryptographers and researchers are always going to be one step ahead on privacy,” Spagni told. Besides, even if regulators succeed in developing some traceability solutions, monero is likely to fix the bugs, retaining privacy over the long run. Read Full on CoinDesk.

JP Morgan: Bitcoin Better Competes Gold As An Alternative Currency

JP Morgan analyst Nikolaos Panigirtzoglou explains that it is realistic for Bitcoin to compete with gold as an asset and goes further, saying that the potential of cryptocurrency is much more than being just a store of wealth and believes it better competes gold as an alternative currency. He concluded, since more millennials emerge on the market as investors, more money is likely to flow into digital currencies and Bitcoin in particular, since millennials prefer bitcoin and do not favour the legacy financial system along with the assets that it offers. Read Full on U.Today

Microstrategy CEO Claims Company Will Hold Bitcoin For ‘100 years’

Microstrategy CEO Michael Saylor said he will hold his company’s Bitcoin (BTC) for 100 years, and has no intention of selling it. On Aug. 11, the business intelligence firm announced it had purchased 21,454 BTC for $250 million. This investment is now worth more than $278 million, representing an 11% increase in two months. Saylor asserted Bitcoin is the world’s best collateral. He told that if you hold $100 million in cash over 100 years, you will lose 99% of it, and if held in gold, you will still lose 85% at best. Read Full on cointelegraph.