Crypto News Cast For November 30th 2020 ?

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Crypto News Cast For November 30th 2020

Crypto News Cast 📮 30-11-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $579 B
📊24h Mcap %: 34.65%
⚠️Bitcoin Dom: 62.60%
📌Active Coins: 4,751
📍24h Vol %: 15.56%
💲24h Vol: $184 B

Crypto News Updates :

  • UAE, Saudi Arabian Central Banks Working On CBDC Together
  • 82% of Bitcoin Mining Pools Are In Support Of Bitcoin Taproot Activation
  • Dan Morehead: For Billions of People, Bitcoin Has Already Hit New All-Time High
  • Bitcoin Mining Difficulty Increases Over 8% As The Price Nears ATH
  • More Than $500 Million Worth of ETH Staked Against ETH 2.0 Launch
  • Raoul Pal To Invest 98% Of Portfolio Into Cryptocurrency

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UAE, Saudi Arabian Central Banks Working On CBDC Together

Central banks from two of the most powerful economies in the Middle East, United Arab Emirates and Saudi Arabia released a report today on a yearlong joint central bank digital currency (CBDC) project dubbed Aber and results speak glowingly of blockchain technology. The report notes that the project used a digital currency backed with real money. The report concludes that a dual-issued CBDC was “not only technically viable” for cross border payments, but that CBDCs present significant improvement over centralized payment systems. Read Full on cointelegraph.

82% of Bitcoin Mining Pools Are In Support Of Bitcoin Taproot Activation

The majority of the Bitcoin hash rate is in favor of Taproot, the biggest upgrade to the largest cryptocurrency network since SegWit implementation in 2017. This upgrade will expand Bitcoin’s smart contract flexibility while bringing more privacy to the network. As of writing, A total of 82.05% of Bitcoin mining pools including Poolin, F2Pool, Antpool, and BTC.com have announced their support. That number was sitting at around 30% just two weeks ago. Read Full on BitcoinExchangeGuide.

Dan Morehead: For Billions of People, Bitcoin Has Already Hit New All-Time High

Pantera Capital’s Dan Morehead says the devaluation of currencies around the world has already triggered all-time highs in the price of Bitcoin for billions of people. In Pantera’s November newsletter, Morehead points to Venezuela, Argentina, Turkey, Brazil, Nigeria, South Africa, Russia and India as eight countries where Bitcoin’s value has far outpaced fiat. He said people in these countries already know the importance of bitcoin. Even after its growth in 2020, Morehead says Bitcoin has one of the most favorable upside positions he’s ever seen. Read Full on The Daily Hodl.

Bitcoin Mining Difficulty Increases Over 8% As The Price Nears ATH

According to Glassnode, on-chain analytics provider, Bitcoin mining difficulty increased over 8% as the price nears all time high. In past bull run years, mining difficulty preceded the bull run and that remains to be seen as Bitcoin nears its all time high. Mining difficulty usually results in high transaction fees and the time frame for generating blocks. Glassnode also recorded that Ethereum had all time high mining difficulty as the price dropped last week. Read Full on cointelegraph.

More Than $500 Million Worth of ETH Staked Against ETH 2.0 Launch

ETH 2.0 attracts extra deposits as more than $500 million ETH is staked for the launch tomorrow. Justin Drake, Eth2 researcher at the Ethereum Foundation, said that more ETH deposits even after crossing the milestone is a remarkable show of trust. Also, more ETH would be needed in the long term. The deposits are locked until phase 1.5 in 2022. Once the Eth 2.0 migration is complete, the network will move from proof-of-work to proof-of-stake. Read Full on The Block.

Raoul Pal To Invest 98% Of Portfolio Into Cryptocurrency

Raoul Pal, CEO of finance and business video channel, Real Vision and Former Goldman Sachs Executive (where he co-managed the European hedge fund) revealed that about 98% of his portfolio would be invested in crypto. He believes that Cryptocurrency is beyond store of value but its definitely the future of money, the complete secure financial system. He also mentioned that he might sell off his gold to invest in Bitcoin and Ethereum. Read Full on cryptoglobe.