Crypto News Cast For November 24th 2020 ?
Crypto News Cast 📮 24-11-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $576 B
📊24h Mcap %: 29.80%
⚠️Bitcoin Dom: 61.90%
📌Active Coins: 4,691
📍24h Vol %: 67.43%
💲24h Vol: $290 B
Crypto News Updates :
- Russia’s Gazprombank Debuts Bitcoin Trading In Switzerland
- Ripple Adds Bank Of America As Top RippleNet Member On Website
- JPMorgan Analysts: Institutions Are Buying More Bitcoin
- ETH 2.0 Will Launch On Dec 1 As Deposit Contract Secures Required Funds
- Bitcoin Appears On The Front Page Of The Wall Street Journal
- Visa To Integrate Cryptocurrencies For Regular Usage In Coming Months
- Bitcoin Hits $19,000, On The Way To Break All-Time High
- PayPal CEO Is Bullish On Bitcoin As A Currency
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Russia’s Gazprombank Debuts Bitcoin Trading In Switzerland
Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators. According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco. Gazprombank Switzerland CEO Roman Abdulin said that the new service intends to make crypto transactions as easy as transactions with traditional assets. Read Full on cointelegraph.
Ripple Adds Bank Of America As Top RippleNet Member On Website
Ripple blockchain behemoth has now officially added Bank of America to the list of top RippleNet members on its website. One of the largest banks in the U.S. and one with a great impact on the financial industry, Bank of America, has shown several times this year that it was either testing or already using some of Ripple's products. Ripple stated that Bank of America had been its customer since as early as 2016. However, only now has this information been added to Ripple's website. Read Full on U.Today
JPMorgan Analysts: Institutions Are Buying More Bitcoin
JPMorgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3. They said institutional investors are looking at bitcoin as a long-term investment. As proof, they cited the growing size in Q4 of Grayscale Bitcoin Trust, whose customers are mostly institutional. In Q3, retail customers bought $1.6 billion worth of bitcoin using Square’s Cash App, some three times more than what was invested in Grayscale’s bitcoin product. This quarter, however, the Grayscale Bitcoin Trust is at three times its Q3 numbers. Read Full on coindesk.
ETH 2.0 Will Launch On Dec 1 As Deposit Contract Secures Required Funds
ETH 2.0’s beacon chain genesis has been confirmed for Dec. 1, following the transfer of 524,288 Ether from 16,384 validators into the ETH 2.0 deposit contract since it went live on Nov. 4. Transfers to the deposit contract rapidly increased over the past day — with more than 200,000 ETH being sent to the contract in the past 14 hours. ETH 2.0’s beacon chain genesis is now set to take place on the earliest possible launch date of Dec. Read Full on The Block.
Bitcoin Appears On The Front Page Of The Wall Street Journal
After rallying 80% in two months, Bitcoin is recapturing media interest from the top end of town, with The Wall Street Journal discussing the crypto’s adoption among institutional investors on the front page of its Nov. 23 issue. The report notes that Bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, alongside other public figures including a sports radio host. Read Full on cointelegraph.
Visa To Integrate Cryptocurrencies For Regular Usage In Coming Months
Alfred Kelly, CEO of Visa pointed out recently that Crypto will soon be an integral part of Visa network for daily use. He opined that the key to mass adoption of crypto lies in making money accessible to the parts of the world with limited access to finance and Visa will be definitely in the middle of it. Visa is ready to partner with Central Banks and other networks. Read Full on Decrypt.
Bitcoin Hits $19,000, On The Way To Break All-Time High
Bitcoin's price keeps surging, along with the rest of the cryptocurrency market. It's now just around $1,000 away from its all-time high. The price of Bitcoin has shot up to reach the $19,000 mark on binance a figure not seen since December 2017. It's up 2% in last 24 hours. Bitcoin's price has continued to surge over the last few months, rising up from $10,000 in early September to its current value. Bitcoin is now up 169% since the begining of this year. Read Full on Binance.
PayPal CEO Is Bullish On Bitcoin As A Currency
PayPal CEO Dan Schulman said bitcoin’s usefulness as a currency will ultimately prevail over the buy-and-hold ethos. He told, I think that there'll be more and more use cases for cryptocurrencies that make bitcoin more widely accepted, more stable, and probably "more valuable" over time. Schulman believes central bank digital currency is a global inevitability. As that happens, "you'll have more and more utility happen with cryptocurrencies," he said. Read Full on CoinDesk.