Crypto News Cast For November 25th 2020 ?

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Crypto News Cast For November 25th 2020

Crypto News Cast 📮 25-11-2020

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

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Crypto News Updates :

  • Fidelity: 2020 Has Been A Milestone For Institutional Adoption Of Bitcoin
  • Binance Listing Options Contracts For Litecoin
  • Bitcoin Developers Launched Open-Source Dev Fund
  • Billion Dollar Investment Group Starts Investing in Bitcoin Futures
  • Federal Ministry of Finance In Nigeria To Regulate Cryptocurrency Trading
  • Binance Reaches All Time High Trading Volume In 24 hours
  • Lithuania Tax Department Generates Over $6 million From Seized Cryptocurrencies
  • South Korea Will Delay Crypto Income Tax Till January 2022
  • SBI group, Japanese Financial Giant Announces A Lending Solution For Crypto

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Fidelity: 2020 Has Been A Milestone For Institutional Adoption Of Bitcoin

Christine Sandler, head of sales and marketing at Fidelity Digital Assets believes 2020 was A Watershed Moment For Institutional Adoption Of Bitcoin. She explained main factors due to which Bitcoin interest surged among institutional investors in 2020 were coronavirus pandemic, a shift toward a more “productive” approach to regulation displayed by the US SEC and Office of the Comptroller of the Currency, and Bitcoin endorsements from established finance companies and personalities. Read Full on Decrypt.

Binance Listing Options Contracts For Litecoin

Cryptocurrency exchange Binance is to offer options contracts for the world’s seventh largest cryptocurrency, litecoin. According to a blog post on Tuesday, the litecoin (LTC, +2.25%) contracts will go live on Wednesday at 07:00 UTC. The latest listing comes in response to user demand. Options are a type of financial instrument enabling traders to buy or sell an underlying asset at a predetermined price either before or on a particular date. Read Full on CoinDesk.

Bitcoin Developers Launched Open-Source Dev Fund

Brink, a new, independent nonprofit organization, will seek to fund and support open-source Bitcoin protocol development. The organization has been launched by former Chaincode Labs developer John Newbery, and Blockstream alumnus Mike Schmidt. The company has already secured a $150,000 donation from cryptocurrency exchange Kraken, in order to teach the next generation of Bitcoin developers. In addition, The Human Rights Foundation, Square Crypto and Gemini are funding Brink’s first two fellows. Read Full on decrypt.

Billion Dollar Investment Group Starts Investing in Bitcoin Futures

Pendal Group, an Australian Securities Exchange-listed investment manager with over US$73.6 billion in assets under management, is getting into bitcoin. Vimal Gor, Pendal’s head of bond, income and defensive strategies, said with the cryptocurrency “entering the realm of mainstream,” the company is now investing in bitcoin futures on the Chicago Mercantile Exchange. He said, company have been positioning in gold for their clients for many many years and now they will be doing it with bitcoin. Read Full on CoinDesk.

Federal Ministry of Finance In Nigeria To Regulate Cryptocurrency Trading

Armstrong Takang is a Special Adviser (ICT) to Minister of Finance indicated that the Nigerian Government is ready to support the adoption of crypto and blockchain. In other words, they will institute regulations that will bring a balance among the major players. The Planned partnership between Securities and Exchange commission, ministry of finance, ministry of Industry and trade and Nigerian customs is a pointer towards legalizing digital assets in Nigeria. Read Full on BeInCrypto.

Binance Reaches All Time High Trading Volume In 24 hours

Bullish price action of three major cryptocurrency assets has caused a major surge in the world's largest crypto exchange Binance trading volume within 24 hours. Data from Coinmarketcap showed Binance with a very high trading volume of over $37 billion dollars in 24 hours, following a surge in the prices of Bitcoin, Ethereum and Ripple. Binance Futures open interest market also hit an all time high of $1.7 billion. Read Full on cointelegraph.

Lithuania Tax Department Generates Over $6 million From Seized Cryptocurrencies

Delfi, a local news source reported that Lithuania Tax inspectorate made over 6 million dollars from selling cryptocurrencies seized months ago. The tax department exchanged Bitcoin, ethereum and Monero worth millions of dollars for the first time. These digital assets were confiscated in February for reasons unknown. Irina Gavrilova, a representative of the tax department said the experience was a first for them. Read Full on CoinDesk.

South Korea Will Delay Crypto Income Tax Till January 2022

The Dong-a Ilbo, a South Korean media reported that the lawmakers are working towards establishing a Crypto income tax rule by January 2022. Enforcement of this crypto tax rule will commence October 2021. The delay will give local crypto exchanges time to have an accurate record and system to manage the upcoming crypto tax rule. The report also said that specific taxation time will be decided in a few days. Read Full on The Block.

SBI group, Japanese Financial Giant Announces A Lending Solution For Crypto

As a move to minimize chances of bankruptcy, SBI group provides a lending solution with BTC. Ethereum, XRP and other cryptocurrencies will be added in sooner or later. This lending services will be offered through the digital asset arm of the Venture capital trade. With a maximum amount of 0.1 BTC with a window period of 84 days, people can engage in low risk loans. These low risk loans accrues 1 percent annual returns. Read Full on U.Today

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