Crypto News Cast 📮 11-02-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1447 B
📊24h Mcap %: 113.00%
⚠️Bitcoin Dom: 61.70%
📌Active Coins: 5356
📍24h Vol %: -29.00%
💲24h Vol: $201 B
Crypto News Updates :
- Federal Reserve Bank of St. Louis Published A Bullish DeFi Report
- Tesla’s Purchase Of Bitcoin A Turning Point For Crypto
- Bitcoin To Hit More Than $100,000 By Year End – Mike Novogratz
- Argo Blockchain To Build New Mining Facility In West Texas
- Twitter May Start Bitcoin Payments For Employees
- 3 Million ETH Currently Staked On The ETH 2.0 Blockchain
- Russian Client Imports Largest Single Batch Of Crypto Mining Hardware
- Amazon Plans To Launch Digital Currency Project in Mexico
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Federal Reserve Bank of St. Louis Published A Bullish DeFi Report
The Federal Reserve Bank of St. Louis published a report titled “Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets.” Fabian Schär, a University of Basel Distributed Ledger Technology professor shared in the report that Decentralized finance (DeFi) creates a transparent, accessible, efficient, and immutable financial system with multiple opportunities. He also pointed out some risks with DeFi like security, vulnerabilities. Read Full on Decrypt.
Tesla’s Purchase Of Bitcoin A Turning Point For Crypto
Charlie Lee, Litecoin creator believes that the $1.5 billion bitcoin purchase by Tesla is huge and a turning point for Bitcoin, especially with the fact that Tesla plans to hold the Bitcoin it will accept from payments of it’s automobiles. Lee believes that when merchants accepts payments in Crypto, pay in Crypto and spend crypto without converting to fiat, it would really push the adoption of crypto. Read Full on Decrypt.
Bitcoin To Hit More Than $100,000 By Year End – Mike Novogratz
Former hedge fund manager, Michael Novogratz, in an interview predicts that the price of bitcoin will do more than $100,000 by the end of 2021 as several companies in the United States adopts Bitcoin. This was a reaction to Tesla’s Investment of $1.5 billion into Bitcoin. He believes Elon Musk is a “genius” for his decision. Novogratz also believes that the youth are Buying into the future” and they see cryptocurrencies “as their currencies.” Read Full on CryptoGlobe.
Argo Blockchain To Build New Mining Facility In West Texas
Argo Blockchain (ARB) listed with London Stock Exchange signs a non-binding letter of intent with New York-based DPN LLC to buy land in West Texas to build a new mining facility in the next 12 Months. The acquisition will cost $17.5 million, funded through the issuance of ordinary shares in Argo to DPN. Peter Wall, CEO of Argo Blockchain, believes this acquisition will give them control over its mining operations and room to expand. Read Full on CoinDesk.
Twitter May Start Bitcoin Payments For Employees
Twitter may be the next to purchase Bitcoin, according to the tech firm's chief financial officer. In an interview on CNBC’s Squawk Box today, Ned Segal, who has served as the CFO of Twitter since 2017, said the tech firm was watching other companies closely, and discussed potentially adding the crypto asset to its own books or using it for Twitter employees' salaries. He added that the tipping point could come if enough people are interested in conducting BTC transactions with the tech firm. Read Full on cointelegraph.
3 Million ETH Currently Staked On The ETH 2.0 Blockchain
Over 3 million ETH staked on the ETH 2.0 blockchain, valued at a whopping sum of $5.4 billion at current prices with over 84,000 active validators and over 8,800 pending validators. Also ETH beat bitcoin in adjusted on-chain value transfer which reached over $19 billion on February 4th, its all-time-high ever, due to a huge increase in the amount transferred by smart contracts. Ethereum price also increased by 3.5% in the last 24 hours. Read Full on CryptoPotato.
Russian Client Imports Largest Single Batch Of Crypto Mining Hardware
A senior executive at BitRiver, largest crypto mining service provider in Russia, claims that a local client imported over 20,000 crypto mining devices, report says. BitRiver founder and CEO Igor Runets said that the total mining power of the mining devices is 70 MWh, the largest single batch of crypto mining hardware in Russia. BitRiver refused to disclose the name of the Russian client or the country that exported the hardware. Read Full on cointelegraph.
Amazon Plans To Launch Digital Currency Project in Mexico
Amazon plans to launch a “digital currency” project in Mexico through its Digital and Emerging Payments (DEP) division. The project is yet-to-be-announced, however it’s targeted to keeping Prime customers continuously engaged on the Amazon’s platform. Customers would be able convert their cash in to digital currency, shop goods and services online. Amazon has been hunting about this project via job postings. Read Full on CryptoPotato.