Crypto News Cast For November 16th 2020 ?

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Crypto News Cast For November 16th 2020

Crypto News Cast 📮 16-11-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $468 B
📊24h Mcap %: 6.30%
⚠️Bitcoin Dom: 64.90%
📌Active Coins: 4,631
📍24h Vol %: 13.43%
💲24h Vol: $113 B

Crypto News Updates :

  • Bitcoin’s “Realized” Price Hits All-Time High Value Of $6,903
  • $1200 Stimulus Check ROI Is Now More Than 140%
  • Binance's Mining Pool Becomes The 4th Largest Mining Pool
  • Pakistan's Central Bank Confirms No Crypto Ban
  • Citibank Executive: Bitcoin May Reach $318,000 By December 2021
  • Kyrgyzstan's Central Bank Working On Draft Law For Crypto Industry
  • Robert Kiyosaki: Bitcoin Is Growing Faster Against Gold And Silver

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Bitcoin’s “Realized” Price Hits All-Time High Value Of $6,903

According to data from crypto analytic firm Galssnode, Bitcoin’s “realized” price hit an all-time of high (ATH) of $6,903 while Ethereum’s “realized” price hit a 22-month high of $257. The “Realized Cap” metric is an alternative way of measuring Bitcoin’s market capitalization that was initially introduced by CoinMetrics in December 2018 that is used to measure the aggregate value of the Bitcoin network by multiplying each Bitcoin by the last time it moved. Meanwhile, the “current” price of Bitcoin today reached $16,000, an increase of 1.26% over the last 24 hours. Read Full on Decrypt.

$1200 Stimulus Check ROI Is Now More Than 140%

The U.S. government was given $1,200 stimulus check to Americans to help ease the financial pain caused by shutting down the economy to fight the deadly coronavirus. At the time, Bitcoin was trading between $6,600 and $6,800. So, if someone had invested $1,200 in Bitcoin (BTC) at $6,600, he would have ended up with a little over 0.18BTC. Today, Bitcoin trades around $16,000. As such, that same amount of 0.18BTC would be worth of $2,900. This would mean an ROI of 142% in just seven months. Read Full on CryptoPotato.

Binance's Mining Pool Becomes The 4th Largest Mining Pool

Launched less than seven months back, Binance Mining Pool is currently the 4th largest one with a hash rate share of 11.36% after Antpool, Poolin, and F2Pool. The leading spot cryptocurrency exchange Binance launched its own mining pool in April this year, which at the time was the 11th largest one, accounting for less than 4% share. The increased market share is achieved by Binance amidst the bull run with Bitcoin up 120% YTD and ETH 253%. Read Full on BitcoinExchangeGuide.

Pakistan's Central Bank Confirms No Crypto Ban

The Securities and Exchange Commission of Pakistan (SECP) has published a position paper on the regulation of cryptocurrency trading platforms. Besides discussing definitions and concepts of cryptocurrencies, the paper outlines different regulatory approaches adopted globally, including the recommendations by the Financial Action Task Force (FATF), and regulations in Malaysia, Hong Kong, and the U.S. Meanwhile, the State Bank of Pakistan has reportedly clarified that cryptocurrency is not banned. Read Full on Bitcoin News.

Citibank Executive: Bitcoin May Reach $318,000 By December 2021

A senior executive at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and Bitcoin (BTC). The whole of Bitcoin’s existence has been characterized by major price swings, “exactly the kind of thing that sustains a long-term trend,” said Thomas Fitzpatrick, a managing director at Citibank, in his report solely intended for the bank’s institutional clients. Fitzpatrick pointed to bitcoin’s weekly chart and used technical analysis (TA) of prior highs and lows to determine a target of $318K by Dec. 2021. Read Full on CoinDesk.

Kyrgyzstan's Central Bank Working On Draft Law For Crypto Industry

The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic is developing a draft law that would regulate cryptocurrency exchanges in consultation with industry stakeholders. Among the expected benefits of the forthcoming regulations, the bank notes the improved development of digital financial products, favorable conditions for the business community and even the possible introduction of a formal tax regime for digital assets. Read Full on cointelegraph.

Robert Kiyosaki: Bitcoin Is Growing Faster Against Gold And Silver

The person who authored the book on financial literacy called “Rich Dad, Poor Dad”, Robert Kiyosaki, has taken to Twitter to slam the US dollar once again and remind the community that Bitcoin is beating other safe haven assets at the moment. Kiyosaki says, during the Bitcoin boom the world has been witnessing in Q3-Q4 this year, it is growing faster than other inflation hedge assets – gold and silver proves that "the dollar is dying". Read Full on Twitter.

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