Crypto News Cast For November 29th 2020 ?
Crypto News Cast 📮 29-11-2020
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $541 B
📊24h Mcap %: 15.38%
⚠️Bitcoin Dom: 62.20%
📌Active Coins: 4,740
📍24h Vol %: 9.67%
💲24h Vol: $165 B
Crypto News Updates :
- Germany’s Finance Minister Requests To Accelerate Development of Digital Euro
- Brad Garlinghouse: Ripple Would Still Thrive Even If XRP Is Declared A Security
- Guggenheim With $5 Billion Macro Fund Prepares To Invest in Bitcoin
- Weiss Ratings Believes Post-Covid Crypto Will Be The Only Viable Safe Haven Asset
- Glassnode: Number of 10,000+ ETH Holding Addresses Hits New High
- Morgan Creek CEO Says Bitcoin Hodlers Believes In Its Real Value Not Price
- Bitcoin Breaks Past $18,000 Again As Rally Continues
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Germany’s Finance Minister Requests To Accelerate Development of Digital Euro
As the race for releasing a CBDC heats on, Germany’s Federal Minister of Finance, Olaf Scholz, has urged the European Union (EU) to speed up plans on a proposed digital Euro. Speaking during an online conference on the future of payments in the region, Scholz remarked that most businesses and consumers were beginning to demand digital money. The Finance Minister emphasized, saying, "On the digital euro, I think we should work very hard. It is nothing where we should wait and see." Read Full on CryptoPotato.
Brad Garlinghouse: Ripple Would Still Thrive Even If XRP Is Declared A Security
Ripple CEO Brad Garlinghouse believes his company can still thrive under a hypothetical scenario where XRP is declared a security by United States lawmakers. Garlinghouse talked about the implications of XRP being declared a security by the U.S. Securities and Exchange Commission, or SEC. Garlinghouse added that “more than 90% of RippleNet customers are out of the United States,” suggesting that a securities designation wouldn’t necessarily hinder the company’s underlying business. Read Full on cointelegraph.
Guggenheim With $5 Billion Macro Fund Prepares To Invest in Bitcoin
Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust (GBTC), a privately offered investment vehicle that invests in bitcoin. Given the fund has net assets of $4.97 billion, according to Fidelity, it means mean the fund can invest up to $497 million in GBTC. Read Full on coindesk.
Weiss Ratings Believes Post-Covid Crypto Will Be The Only Viable Safe Haven Asset
Weiss analysts Juan Villaverde and Bruce Ng assess market reactions after pharmaceutical giants Pfizer and Moderna announced they have working vaccines against Covid-19. Weiss notes that investors are pricing in the possibility of a viable vaccine as they begin to rework their portfolios and ignore safe-haven that pumped during the pandemic. As gold and bonds fell victim to the market reshuffle, Bitcoin was able to maintain its value and even flourished. Weiss asserted that post-Covid world, cryptocurrencies may be the only safe-haven assets. Read Full on The Daily Hodl.
Glassnode: Number of 10,000+ ETH Holding Addresses Hits New High
According to the data shared by the analytics provider Glassnode, more users are entering the Ethereum (ETH) market. The number of Ethereum wallets with more than 10,000 coins just reached a 3-month high of 1,062. Apart from that, the amount of non-zero ETH wallets has surpassed 50 million. Ethereum mean hashrate has also reached an all-time high of 270,629,263,696,999.625. Rising hashrate signifies growth of the mining network and shows that it is strong and healthy. Read Full on U.Today
Morgan Creek CEO Says Bitcoin Hodlers Believes In Its Real Value Not Price
CEO of Morgan Creek Capital Management Mark Yusko commented on the recent wave of negative headlines concerning Bitcoin.Yusko said financial institutions are justifiably concerned about Bitcoin’s disruptive impact and will use whatever means they have to slow its adoption. However, he believes that investors with a longer time horizon are more likely to succeed as Bitcoin’s fundamental narrative strengthens. He said, Investors are long-term holders focused on Value & Speculators are short-term holders focused on Price. Read Full on cointelegraph.
Bitcoin Breaks Past $18,000 Again As Rally Continues
Bitcoin’s (BTC) price today has hit $18,000 again, an increase of 5% over the past 24 hours. Overall, the weekly price has increased by 0.74%, ending the week at a slightly better place than it started. Bitcoin's 24-hour trading volume today hit $36.218 billion, up by 8.1% from yesterday's $33.390 billion. The global crypto market cap has also reached $537 billion, an increase of 5% over the past 24 hours. Bitcoin now accounts for $335 billion of the global market cap, or 62%. Read Full on Decrypt