Crypto News Cast 📮 25-03-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1595 B
📊24h Mcap %: -112.00%
⚠️Bitcoin Dom: 59.60%
📌Active Coins: 5844
📍24h Vol %: 38.00%
💲24h Vol: $164 B
Crypto News Updates :
- Number Of Bitcoin Whales Holding At least 100 Bitcoin Flourishes
- Job Listing For TIME Magazine CFO Position Requires Comfortability With Bitcoin
- Hermez, Ethereum Layer 2 scaling solution Goes Live on Mainnet
- PAC Global Now Runs New XRP Validator Increasing Network Decentralization
- Graham Elwood Set To Spend His $1,400 Check on BTC
- App Lolli Raises $5M From Serena Williams, Alexis Ohanian, Others
- Fidelity Asset Manager Files With U.S. SEC To Launch Bitcoin ETF
- Tether Skyrockets Above $40 Billion Market Cap, Surging 900% in One Year
- Bitcoin To Substitute Gold Says Fed Chairman Powell
- AUM For Top Institutional Investment Products Hit Record High
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Number Of Bitcoin Whales Holding At least 100 Bitcoin Flourishes
As Glassnode records that over half of the market now owns 100 Bitcoin, this is due to the rise in the number of Bitcoin whales holding bitcoin in their wallet addresses. This accumulation shows that the bear trend in April last year did not affect whale sentiments. The Reserve Risk shows that as bitcoin rises and Hodlers would want to sell, shows how some will resist and it'll result to increase in Bitcoin’s price. Read Full on ZyCrypto.
Job Listing For TIME Magazine CFO Position Requires Comfortability With Bitcoin
New York-based TIME Magazine lists “comfortable with Bitcoin and cryptocurrencies” as part of their requirements for a new CFO with more than seven years of experience at a C-level position in a LinkedIn job posting. Amidst other 18 new positions listed by TIME magazine, only the CFO C-level position requires comfortability with the digital assets. This is an indication that the Magazine is making room for the digital money trend. Read Full on Crypto Briefing
Hermez, Ethereum Layer 2 scaling solution Goes Live on Mainnet
Hermez Network, Ethereum Layer 2 scaling solution, that uses ZK-Rollups technology for scalability is now live on Hermez’s mainnet. This improvement means users can make multiple and faster Transactions with much cheaper gas fees. Hermez’s tech lead Jordi Baylina said the improvement should help people save up to 90% of gas fee, from an average gas fee of $16 to $1.5 per transaction. Read Full on theblockcrypto.
PAC Global Now Runs New XRP Validator Increasing Network Decentralization
PAC Global, U.S.-based blockchain company affiliated with Ripple, now runs its own node to validate transactions on the XRP Ledger increasing the decentralization of the Ripple network. Over 150 validators maintain the XRP ledger. Ripple still retains its own Unique Node List and funds majority of the validators to prevent foul play. PAC Global partnered with Ripple-funded blockchain project Flare Network. Read Full on U.Today
Graham Elwood Set To Spend His $1,400 Check on BTC
The popular comedian and writer stated this on The Jimmy Dore Show, where he praised Bitcoin and said he'd spend his stimulus check on bitcoin. He aslo tweeted about it too. He also explained how Max Keiser made his interest grow in bitcoin, stating that it cannot be confiscated by the government and no bank holds it. Max Keiser explained that Bitcoin is Superior to Gold and can be used anywhere, at any time. Read Full on U.Today
App Lolli Raises $5M From Serena Williams, Alexis Ohanian, Others
The crypto startup announced today that it has raised a $5 million pre-Series, a funding round that would insterest investors. Alexis Ohanian, Serena Williams and others helped build this round. Unlike other apps, Lolli is in the affiliate business. It rewarded over 250,000 users with Bitcoin for shopping. They also have recorded about $3 million worth of Bitcoin rewarded to its users. Read Full on Decrypt.
Fidelity Asset Manager Files With U.S. SEC To Launch Bitcoin ETF
Fidelity Asset Manager, files with U.S SEC to launch a bitcoin exchange-traded fund (ETF), tagged The Wise Origin Bitcoin ETF. The filing reveals that FD Funds Management LLC is sponsoring the fund as an administrator alongside Fidelity Service Company, Inc. Fidelity Digital Assets will custody the Exchange-traded fund. The ETF will provide direct exposure to bitcoin, and the shares will be evaluated by the shared performance of the Fidelity Bitcoin Index PR. Read Full on theblockcrypto.
Tether Skyrockets Above $40 Billion Market Cap, Surging 900% in One Year
Tether (USDT), skyrocketed above $40 billion market capitalization on Wednesday making it fourth-largest digital asset after Bitcoin, Ethereum, and Binance Coin. USDT dominance is currently around 67% and four times larger than the USD Coin among Stablecoins. Tether has see a remarkable 900% growth in twelve months. As the quote currency on most exchanges, it’s growth reflects the general growth of the Crypto market. Read Full on cointelegraph.
Bitcoin To Substitute Gold Says Fed Chairman Powell
Chairman of the Federal Reserve said on Monday during the virtual panel discussion hosted by the BIS, that bitcoin could be the replacement for gold as its considered to be "digital gold", Powell also had referred to bitcoin as a “speculative store of value, like gold” around July 2019. However, he compared gold and the US dollars and shared that the number one Cryptocurrency could be a replaced for dollar just like others had said. Read Full on ZyCrypto.
AUM For Top Institutional Investment Products Hit Record High
Assets Under Management (AUM) for top insitutional investment products reached all-time-high of $57 billion. However, Digital Asset manager CoinShares, recorded that institutional demand in the United States dipped 59%, a total of $99 million in the just concluded week compared to the week before which recorded $242 million. Demand for Institutional products are increasing in Europe and Canada. Trading Volumes for Bitcoin-related product remained daily at $11.8 billion. Read Full on cointelegraph.