Crypto News Cast For November 22nd 2020 ?

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Crypto News Cast For November 22nd 2020

Crypto News Cast 📮 22-11-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $526 B
📊24h Mcap %: -4.84%
⚠️Bitcoin Dom: 64.20%
📌Active Coins: 4,668
📍24h Vol %: 38.69%
💲24h Vol: $218 B

Crypto News Updates :

  • Coinbase Has Seen A $14B Increase In Institutional Assets Since April
  • Stablecoins On Stellar Network Launched In Brazil And Argentina
  • South Africa Would Consider Crypto As Financial Products
  • Whales Shift $535 Million Worth of Ethereum As Price Moves Above $500
  • Pantera Raises Additional $5M for Its Bitcoin Fund
  • US Treasury Office Wants To Stop Discrimination Against Crypto Firms
  • Based On Market Cap Bitcoin Becomes World’s Biggest Bank
  • XRP Soars 31% To $0.41 Highest Price Since Last July

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Coinbase Has Seen A $14B Increase In Institutional Assets Since April

Coinbase is witnessing fresh capital coming into crypto in billions mostly allocated to bitcoin. Coinbase has seen a $14 billion increase in institutional assets under custody since April, its head of institutional coverage at Coinbase Brett Tejpaul said in a YouTube interview published on Friday. Brett told that institutional assets under custody were $6 billion when he joined the firm in April and have grown to $20 billion today. Tejpaul credited this growth in part to Coinbase’s acquisition of Tagomi in May. Read Full on youtube.

Stablecoins On Stellar Network Launched In Brazil And Argentina

Settle Network, is the largest digital assets settlement network across Latin America for exchange and cross-border payment and Stellar is a decentralized network that has focused on financial products and services, are issuing two new stablecoins on in Argentina (ARST) and the other in Brazil (BRLT). The ARST corresponds to the Argentine peso, while the BRLT corresponds to the Brazilian real. The stablecoins should make remittances between the two economies easier. Both are said to involve bank grade KYC verification, AML controls and blockchain monitoring. Read Full on Decrypt.

South Africa Would Consider Crypto As Financial Products

Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator. The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the FAIS Act as a financial services provider, and must comply with the requirements of the FAIS Act, wrote the Financial Sector Conduct Authority (FSCA), which is seeking comment on the proposal. Read Full on CoinDesk.

Whales Shift $535 Million Worth of Ethereum As Price Moves Above $500

While ETH has soared to the $515 level and keeps going higher. Large blockchain tracking service Whale Alert reports, Crypto whales have pushed one million ETH between their wallets. According to the data shared by Whale Alert, over the past eight hours, a jaw-dropping amount of consecutive ETH transactions that carried slightly over 1 mln ETH ($535 mln in fiat). The transactions were made between anonymous wallets, carrying lumps of 60 mln to 70 mln ETH each. Read Full on U.Today

Pantera Raises Additional $5M for Its Bitcoin Fund

Cryptocurrency firm Pantera Capital has raised another $5 million for its bitcoin fund, bringing the total to $134 million, according to a form D filing with the U.S. Securities and Exchange Commission. Formed in 2013, the Pantera Bitcoin Fund Ltd. was the first U.S.-based bitcoin fund. In an investor letter at the end of 2017, Pantera boasted a 25,004% return on the fund, mainly due to the bitcoin bull run of that year. Read Full on CoinDesk.

US Treasury Office Wants To Stop Discrimination Against Crypto Firms

The Office of the Comptroller of the Currency (OCC), a US Treasury office led by former Coinbase executive Brian Brooks, proposed regulatory changes that would give cryptocurrency businesses more access to banking services. The proposed rule change would limit national banks’ ability to deny financial services services to money services businesses such as cryptocurrency firms—or any other category of business—unless they fail to meet certain quantitative, risk-based criteria. Read Full on Decrypt.

Based On Market Cap Bitcoin Becomes World’s Biggest Bank

Bitcoin has become the largest bank in the world for the first time, overtaking JP Morgan in market cap after it rose above $18,900. That gave bitcoin a market cap of $350 billion, an all time high, beating JP Morgan’s $349 billion. Some 155 banks are listed, worth a combined nearly $4 trillion, including Citigroup at $107 billion, while Goldman Sachs is at $76 billion. Bitcoin has now risen to perform some banking services, including lending and borrowing in defi as well as custodying assets while processing payments and facilitating financial services like international trade. Read Full on Trustnodes.

XRP Soars 31% To $0.41 Highest Price Since Last July

XRP, the fourth largest crypto with a market cap of $16.68 billion, today hit $0.41, its highest price since last July. That's up from $0.286 a day ago, a jump of 31.53%. Overall, the global crypto market cap increased by 3% to $529.5 billion. As the XRP rate is rising, so is its market cap, the coin is targeting the top three place lost to Tether’s USDT a few times this year. On Friday, the difference between the market caps of XRP and the most popular USD-backed stablecoin totalled around four billion USD. Now, this difference is approximately $2 billion. Read Full on Decrypt.