Crypto News Cast 📮 16-02-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $1498 B
📊24h Mcap %: 17.00%
⚠️Bitcoin Dom: 61.30%
📌Active Coins: 5409
📍24h Vol %: -16.90%
💲24h Vol: $199 B

Crypto News Updates :

• Mike Novogratz Believes Bitcoin Is Ready To Hit $500,000
• Andrew Yang Plans To Make New York A Crypto Hub
• Uniswap Becomes The First DEX To Hit $100 billion Trading Volume
• One ETH Now Worth Same Value As An Ounce Of Gold
• Affirm’s Max Levchin Considers Accepting Bitcoin
• Cardano Market Cap Hits $28.2 billion, 137% Increase From Previous Month
• BTC Miners Currently Earn About 1BTC Per Block
• Ethereum2.0 Beacon Chain Set To Undergo First Hardfork Upgrade
• Bitcoin Hits New All-Time High Value Of $50,000
• SBI Holdings To Launch Joint Crypto Ventures With Large-scale Foreign Companies

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Mike Novogratz Believes Bitcoin Is Ready To Hit $500,000

Mike Novogratz, CEO of Galaxy Digital, opined that Bitcoin will hit his target of $500,000 in a discussion with Michael Saylor on the WORLD.NOW event hosted by MicroStrategy. Novogratz believes Bitcoin will outperform other assets as a store-of-value asset instead of as a currency. Bitcoin will also catch up to gold’s $10 trillion market capitalization within 3 years and by year end Bitcoin will do extra 10%. [Read Full on The Daily Hodl.]

Andrew Yang Plans To Make New York A Crypto Hub

Andrew Yang, double-figure lead in the Democratic primary elections for New York Mayor has some major big crypto plans for the city of New York according to a new poll released on Wednesday. Yang recently shared his intention to make the Financial capital a hub for bitcoin and other Cryptocurrencies if elected. He has always been in support of cryptocurrencies and had advocated for clear regulations around the blossoming ecosystem. Read Full on BitcoinExchangeGuide.

Uniswap Becomes The First DEX To Hit $100 billion Trading Volume

Uniswap becomes the first decentralized exchange to hit the milestone of processing over $100 billion in trading volume. The automated market maker currently has about $4 billion in total value locked. The DEX daily volume regularly surpasses that of major centralized exchanges like Coinbase. The team’s Unisocks offering is now worth $60,917.65, more than one Bitcoin. Unisocks is now the most expensive socks in the world. Read Full on Crypto Briefing.

One ETH Now Worth Same Value As An Ounce Of Gold

One ETH is now worth the same value as one ounce of gold for the first time, even though Ethereum is very far from gold’s market cap which is estimated to be at around $20 trillion, with ETH’s market cap currently at $200 billion. ETH traded between $1,820 and $1,877 while an ounce of gold currently trades at $1,820. Ethereum is following bitcoin’s path in this bull run with a step behind. Read Full on Trustnodes.

Affirm’s Max Levchin Considers Accepting Bitcoin

CEO of Affirm, Max Levchin he might consider accepting bitcoin (BTC) as payments, as Bitcoin hits close to $50,000. Levchin said the growth in popularity of crypo had been “incredible.” The market movements should direct their decision-making process on whether to integrate digital assets with fintech products or not. Levchin agreed that the firm may need to embrace bitcoin. However, he is very open to the innovative Blockchain Technology. Read Full on BeInCrypto.

Cardano Market Cap Hits $28.2 billion, 137% Increase From Previous Month

Cardano (ADA) market cap hit $28.2 billion as of 6:30 p.m. Pacific time on Monday, slightly higher than Polkadot’s $27.6 billion, 137% increase from last month. ADA, the token of the Cardano blockchain is currently the fourth-largest cryptocurrency by market cap with the recent price gains, data from Nomics shows. ADA increased up to 31% in the past week moving the price of one ADA token slightly higher than $0.88. Read Full on Decrypt.

BTC Miners Currently Earn About 1BTC Per Block

Bitcoin (BTC) miners now earn 0.97 BTC at current price in transaction fees alone per block, according to data from Clark Moody Bitcoin. This value is an average taken over the last 2,000 blocks, with the possibility that many of these blocks would have risen above 1 Bitcoin. Transaction fees is currently around $20. Bitcoin miners now make about $40 million daily with fees making up 13.47% of their total revenue. Read Full on Decrypt.

Ethereum2.0 Beacon Chain Set To Undergo First Hardfork Upgrade

Ethereum 2.0 Beacon Chain set to undergo first hardfork (HF1) as published by Ethereum co-founder Vitalik Buterin on Monday. This hardfork would give developers opportunity to test and make major upgrades to the Beacon chain. The hardfork will create mobile friendly support for light clients-nodes that would have minimal requirements. Also, this upgrade is set to make life simpler for stakers with unstable connections. Read Full on cointelegraph.

Bitcoin Hits New All-Time High Value Of $50,000

Bitcoin's price has broken the $50,000 bracket. This means Bitcoin has recorded yet another all-time high. The record comes two weeks after Tesla announced a $1.5 billion investment in Bitcoin. Bitcoin’s price has broken the $50,000 barrier, reaching as high as $50,560. Since reaching $42,000 in early January, Bitcoin hovered between $30,000 and $40,000 for weeks, prompting commentators to ponder whether Bitcoin had the momentum to climb any higher. Read Full on CoinMarketCap.

SBI Holdings To Launch Joint Crypto Ventures With Large-scale Foreign Companies

Japanese financial giant SBI Holdings plans to partner with foreign financial companies in order to launch a Crypto venture, according to SBI CEO Yoshitaka Kitao. This merger and acquisitions will be on a large-scale with major global companies to maintain the position as a leading financial services company. Currently, SBI has two possible partnership deals. Kitao also commented that Crypto is receiving a lot of Institutional attention. Read Full on cointelegraph.