Crypto News Cast 📮 31-10-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $402 B
📊24h Mcap %: 4.38%
⚠️Bitcoin Dom: 63.70%
📌Active Coins: 4,493
📍24h Vol %: -15.49%
💲24h Vol: $81 B

Crypto News Updates :

• Cardano's Goguen Mainnet To Be Launched In March 2021
• Raoul Pal Predicts Apple And Microsoft Will Buy Bitcoin ‘Within Five Years’
• EU Investing Heavily On Blockchain Technology
• Willy Woo: Bitcoin's Decoupling From The U.S. Stock Market Has Began
• Square Crypto Gives Grant To Bitcoin Developers For Boosting Bitcoin Adoption
• Bitcoin Hits 33 Month High As The Price Breaks Above $14,000
• Report: Bitcoin Booming On Ethererum Network
• Russia's Major Bank Subsidiary Will Offer Bitcoin Services in Switzerland

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Cardano's Goguen Mainnet To Be Launched In March 2021

IOHK fired up the Cardano community by releasing details of the Goguen roadmap yesterday. The roadmap puts the Goguen mainnet launch at around March 2021. Goguen is a significant leap forward in the capabilities of the Cardano network. With it comes the ability to build decentralized applications and a whole host of other features, including a multi-asset ledger. IOHK released Goguen’s details via the Cardano Development October Update. The update also featured live demonstration of the ERC-20 convertor, which encourages Ethereum ERC-20 projects to port over to Cardano. Read Full on NewsBTC

Raoul Pal Predicts Apple And Microsoft Will Buy Bitcoin ‘Within Five Years’

Former Goldman Sachs hedge fund manager said he thinks some of the world's biggest companies are gearing up to add bitcoin to their balance sheets. Raoul Pal Founder and chief executive of Global Macro Investor said in a recent video published on YouTube that he wouldn't be surprised if within five years time Apple, Microsoft, and others don't have cash in bitcoin. Pal pointed to U.S. business intelligence MicroStrategy's two-pronged bitcoin purchase earlier this year as the first steps toward wider corporate adoption of bitcoin. Read Full on Forbes

EU Investing Heavily On Blockchain Technology

A vehicle of the European Union called the European Investment Fund (EIF) has signed six equity agreements with venture capital funds to support businesses under the EU’s InnovFin Artificial Intelligence and Blockchain initiative. These agreements amount to more than $800 million available to support blockchain and AI startups across Europe through the equity funds. EIF’s Chief Executive Alain Godard said “It is a priority for Europe to be at the forefront of the development of artificial intelligence/blockchain technology in order to remain competitive and improve people’s lives, bringing major benefits to our society and economy. Read Full on Trustnodes

Willy Woo: Bitcoin's Decoupling From The U.S. Stock Market Has Began

Bitcoin has started to decouple from the U.S. stock market index S&P 500 according to crypto statistician Willy Woo. Referring to Network Value to Transaction Ratio (NVT), an indicator Woo introduced in 2017, the analyst said that Bitcoin’s NVT price has shown clear price support despite the S&P falling sharply over recent days. Two days ago, Bitcoin’s NVT price (price support) crept into new all-time-highs above $11,000. Woo added that the indicators suggest Bitcoin could begin reclaiming its status as a “safe-haven” asset as stocks continue to fall. Read Full on cointelegraph

Square Crypto Gives Grant To Bitcoin Developers For Boosting Bitcoin Adoption

Payments company Square today announced that it will be giving a grant to a Bitcoin developer who wants to make wallets more user-friendly. The crypto arm of Square, Square Crypto, twitted that, “Giving trick-or-treaters Open Dimes and Square Crypto grants this year. Speaking of which, this one goes to Maggie Valentine, a designer working to simplify wallet onboarding flows by reducing technical jargon and increasing user education.” It's encouraging Bitcoin adoption by giving grants to developers in the space. Read Full on Decrypt

Bitcoin Hits 33 Month High As The Price Breaks Above $14,000

Bitcoin has carved out a 33-month high, currently trading above $14,000 USD, the highest level since January 2018 and showing resilience amid growing instability in the traditional markets. Earlier this week, bitcoin (BTC, +3.84%) narrowly missed breaching the June 2019 high of $13,880 and faced selling pressure as global stock markets registered sharp losses as concerns over the resurgent coronavirus spiked. Bitcoin's defense of $13,000 and a quick rise to 33-month highs is perhaps not surprising. Read Full on CoinDesk

Bitcoin Whitepaper Turned 12 Today

The Bitcoin whitepaper is 12-years-old today. Twelve years ago, on October 31 2008, a narrow circle of cypherpunks, cyber security engineers and other programmers received a chain e-mail from an anonymous called Satoshi Nakamoto. Satoshi presented a 9-page document which presented a new peer-to-peer electronic payment system with a modest title Bitcoin which doesn't require any third parties like banks or financial regulators, each BTC holder can be their own bank by holding private keys. About 2 month after white paper launch On January 3, 2009, Satoshi Nakamoto mined the genesis block of Bitcoin. Read Full on u.today

Report: Bitcoin Booming On Ethererum Network

According to the latest data from metrics site Dune Analytics, there’s now more than 150,049 Bitcoin which is worth more than $2 billion on the Ethereum network. This is equivalent to 4.32% of Ethereum’s market cap, or $2.021 billion. In mid-September, that figure stood at just 80,000 Bitcoin, valued at just under $1 billion at the time. The price of Bitcoin has gone up by $3000 since then. The most popular Ethereum-based versions of Bitcoin is called Wrapped Bitcoin—it holds almost 80% of the market share and has a market cap of $1.5 billion all on its own. Read Full on Decrypt

Russia's Major Bank Subsidiary Will Offer Bitcoin Services in Switzerland

The Swiss-based subsidiary of russia's third largest bank Gazprombank, has been granted regulatory approval to roll out its crypto offering to institutional customers. Banks subsidiary Gazprombank Swiss has been authorized to offer crypto custody and trading against fiat currencies to selected institutional and corporate customers. Customers will be able to trade BTC and store their holdings using the bank's corporate custody solutions. The bank intends to add more cryptocurrencies, products and services over time. The bank's CEO, Roman Abdulin, expects digital assets to become more important to the global economy in the future. Read Full on U.Today