One Stop Cryptocurrency NewsCast For Today ?

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1.  The Bitcoin Investment Trust (GBTC), an investment vehicle operated by Grayscale that lets accredited and institutional investors trade bitcoin, is still showing a high premium at 24%. Each share of GBTC represents about one thousandth of one bitcoin or 0.00097033 BTC. Since GBTC is currently priced at $8.79, that values bitcoin at $8,966. On major spot and margin trading platforms, the bitcoin price is hovering at $7,500.

2.  Ripple's XRP, has been mentioned in an official US government document for the first time throughout its entire existence. The Consumer Financial Protection Bureau (CFPB), the independent US agency that is responsible for guarding consumers in the financial sector, proposed increasing a safe harbor in its remittance rule, which would allow reducing compliance costs for institutions that make a limited number of money transfers in a single year. The document mentions that Ripple as one of the disruptors in the industry.

3.  A recent report published by Bitcoin fund operator Grayscale suggests that 43% of investors interested in Bitcoin are women. The study involved 1,100 United States investors of ages between 25 and 64 surveyed between March 28 and April 3, 2019. All the respondents were involved in personal investing and held at least $10,000 in investable assets with at least $50,000 in household income. The data indicates women have a healthy interest in Bitcoin as well.

4.  Venezuelan President Nicolás Maduro announced that his government is prepared to give away a one-time benefit of 0.5 petro (roughly $30 USD) to all retirees, pensioners, public sector workers, military personnel, and other eligible citizens of the country. The benefit comes with one condition: Recipients must first download and register an account with Petro App. The Petro App is the nation's official petro wallet that allows Venezuelans to buy and exchange petros for Bitcoin, Ethereum and Litecoin.

5.  The former antivirus mogul, John McAfee stated that Bitcoin is over 4,000% up over the last 5 years and this year it has risen almost 130%. Paraphrasing his words a little, fiat is nothing compared to that. John McAfee predicted that on 31 December 2020, BTC will inevitably hit the jaw-dropping $1 mln. In case it does not, McAfee promised to eat his own manhood. When asked whether he still stands by his forecast, McAfee said: absolutely.

6.  Fidelity Digital Assets’ president, Tom Jessop, said that they have been doing a lot of work on Ethereum, and, being led by their clients’ demands, intended to support it into the new year. Jessop further explained how institutions don’t act the same way individuals do, and that most of their clients have been looking at the space for years. He also said that while there may not be a wave of institutional adoption, there could possibly be a swell or a flood that builds over time.

7.  Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” Dr. Swamy will chair a closed-door conference at UN India’s headquarters in New Delhi on Dec. 18. The event is co-organized by United Nations Technology Innovation Lab – UNTIL India and BEGIN India Think Tank. The aim of the conference is to deliberate on methods, technology and delivery mechanisms of digital currency.

8.  With the Istanbul Hard Fork behind us, numerous innovations are already being implemented into the post-hard fork Ethereum (ETH) network. One of these innovations, ZK-Rollup (ZK refers to Zero Knowledge) is a feature that will result in a limited load on the main network and will start to operate much faster. With the implementation of ZK-Rollup, Ethereum which currently supports around 30 TPS will be able to increase its throughput to 3000 transactions per second (tps). Leaving behind 2000 TPS that is what the Visa network currently averages.

9.  Gold has always been a very popular asset for many reasons. Given that this precious commodity is incredibly rare and has remarkable features like high conductivity, the global economy has looked up to it in times of crisis. In short, the world has considered it to be a “haven for capital”. Let’s take a look at three of the most prevalent use cases. 1. You can’t outrun your enemies with a bag full of gold. 2. You cannot fake Bitcoin. 3. Bitcoin’s price is on the upswing.

10.  Yousif Mohammed Nor Aldeen, a 16-year-old Syrian refugee in Iraq’s Arbat refugee camp, teaching other people in the camp about cryptocurrency. “I want to solve a problem in my community. We have a lot of problems, like corruption,” Aldeen said. Aldeen owns a small amount of ether, which he earned through a local education program run by the nonprofit Hello Future. Hello Future founder, Charlie Grosso supports decentralization and wants to deliver the tools to those who will affected by it the most.