Crypto News Cast 📮 20-05-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $1746 B
📊24h Mcap %: -0.39%
⚠️Bitcoin Dom: 42.40%
📌Active Coins: 6452
📍24h Vol %: -63.00%
💲24h Vol: $297 B

Crypto News Updates :

• China Launched Over 6,000 ETH and BTC Mining Rigs
• Cardano Parent Company IOHK To Launch Ethereum ERC20 Token Converter
• Ripple Partners With Egypt Biggest Bank And Lulu International Exchange
• Wells Fargo Is The Latest Banking Giant To Offer Crypto Services
• Algorand (ALGO) Launches The First Blockchain-Based COVID ‘Passport’
• "Entities" I Control Now Has 111,000 BTC, Says MicroStrategy CEO Michael Saylor
• Australian Senate Exploring Cryptocurrency Regulation To Strengthen Nation’s Finance Sector
• Bitcoin, Still a Safe Investment Especially At Current Low Prices – Bill Miller
• Ethereum Institutional Investment Products Volume Surpassed Bitcoin For The First Time

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China Launched Over 6,000 ETH and BTC Mining Rigs

SOS Ltd. tech company with head quarters in Qingdao, China launched more than 6,000 ETH and BTC mining rigs from 90% renewable energy sources according to its recent announcement. The company now has 575 Ethereum mining rigs and 5,464 Bitcoin mining rigs. The Mining rigs are now active at the company’s cryptocurrency mining center in Sichuan Province. SOS Chief Executive Yandai Wang describes the purchase as progress On digital currency plan. Read Full on Forkast.

Cardano Parent Company IOHK To Launch Ethereum ERC20 Token Converter

Cardano parent company Input Output, launched a new ‘converter’ today that allows users to bring ERC20 tokens onto the Cardano blockchain. The ERC20 converter will allow Ethereum-based tokens like AGI (SingularityNet) to run on its proof-of-stake blockchain. According to the company’s announcement, the converter is coming to testnet soon. IO project manager Francisco Landino said the converter is designed for token issuers and users. Read Full on CryptoSlate.

Ripple Partners With Egypt Biggest Bank And Lulu International Exchange

Ripple partners with the National Bank of Egypt, the biggest banking institution in Egypt to enable remittance inflows from the United Arab Emirates through LuLu International Exchange. This Partnership will strengthen the MENA region’s financial infrastructure and provide ease in cross-border payment experience for the Egyptian community. Egypt ranks is the 6th-largest remittance recipient in the world, with increasing remittance volume. Read Full on U.Today

Wells Fargo Is The Latest Banking Giant To Offer Crypto Services

San Francisco-headquartered Bank Wells Fargo have decided to add its own cryptocurrency strategy for wealthy clients. The president Wells Fargo Investment Institute (WFII), Darrell Cronk made this known when he said the bank sees Crypto as a "viable investable asset". He added the system could be a nice diversifier to portfolio holdings. Major crypto adoption continues as JPMorgan, the largest U.S. bank is set to introduce a Bitcoin fund this summer due to strong customer demand. Read Full on U.Today

Algorand (ALGO) Launches The First Blockchain-Based COVID ‘Passport’

Algorand (ALGO) and Koibanx teams up to launch the world’s first blockchain-powered COVID passport called Vitalpass, it's to help create user-friendly, reliable, and simple experiences for patients for Covid-19 vaccination. It offers security and traceability during vaccination process in Latin America. The system will go live in hospitals in three main Colombian cities, after which patients will be given a digital copy of their vaccination card which can be accessed through a QR code. Read Full on CryptoSlate.

"Entities" I Control Now Has 111,000 BTC, Says MicroStrategy CEO Michael Saylor

Michael Saylor, The MicroStrategy CEO in a recent Twitter post on Wednesday, claims that the "entities" he's managing have now acquired 111,000 bitcoin and no record of sold satoshi. With the recent update, it's believed that MicroStrategy has 92,079 BTC including His personal stash of 17,732 bitcoin which he revealed in Oct 28, 2020 totalling around 109,811 bitcoin. It is believed also that he must have bought more over time. Read Full on theblockcrypto.

Australian Senate Exploring Cryptocurrency Regulation To Strengthen Nation’s Finance Sector

Committee set up by the Australian Senate will look into crypto assets regulation within the country, in order to strengthen the nation’s fintech sector and encourage financial Innovation. The committee will look into law and policies around cryptocurrencies in Australia and also other measures taken by other countries like Canada, Singapore, the United Kingdom. The Committee will also include policies that will protect the interest of users Read Full on BeInCrypto.

Bitcoin, Still a Safe Investment Especially At Current Low Prices – Bill Miller

Bill Miller, Hedge fund manager and investor Supports the number one Cryptocurrency by market cap, he sees bitcoin as a safe investment and the dipping value makes it even more attractive investment. He declared Bitcoin as a safe investment even after the recent price collapse because it’s even a good buy with the current low buy price. He believes everything will get back to normal so people shouldn’t give up on it. Read Full on CryptoPotato.

Ethereum Institutional Investment Products Volume Surpassed Bitcoin For The First Time

Ethereum products inflows surpassed inflows into Bitcoin for the first time ever according to Digital asset manager CoinShares. Ethereum recorded trading volumes up to $4.1 billion, compared to Bitcoin’s $3.1 billion, and for the first time trading volumes in ETH surged more than in BTC at the firm. Bitcoin investment products recorded $98 million outflows. Ethereum also saw $27 million worth of inflows last week. Read Full on The Daily Hodl.