Crypto News Cast 📮 01-02-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $993 B
📊24h Mcap %: -0.29%
⚠️Bitcoin Dom: 62.70%
📌Active Coins: 5295
📍24h Vol %: 11.89%
💲24h Vol: $158 B

Crypto News Updates :

• BlockFi Accrued Nearly $100 Million In Revenue For 2020
• Uniswap Records Over $30 Billion In Monthly Trade Volume
• Bitcoin Subreddit Hits Milestone With Over 2M Subscribers
• Bitcoin Miners' Revenue Reached New High Of $1.09 billion In January
• Elon Musk: Bitcoin, On The Verge Of Acceptance By Traditional Finance
• Billionaire Investor Mark Cuban Sees Bitcoin As Legitimate Store Of Value
• Ukraine’s government To Set Up Nuclear Plant Crypto Mining

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BlockFi Accrued Nearly $100 Million In Revenue For 2020

BlockFi accrued almost $100 million in revenue for 2020 according to company data reviewed The Block. The crypto startup now has over $8 billion in total client balances with more than 125,000 funded accounts. Blockfi started 2021 on a profitable note with approximately 30 percent gross profits. According to regulatory filings published earlier this month through the SEC’s EDGAR system show that BlockFi filed to register a BlockFi Bitcoin Trust. Read Full on The Block.

Uniswap Records Over $30 Billion In Monthly Trade Volume

Data collected by The Block Research shows that decentralized exchange Uniswap has seen just over $30 billion in volume for January. That figure eclipses December's total of roughly $15 billion, and exceeds Uniswap's previous all-time monthly high of $18.5 billion from September. In all, the DEX ecosystem reported more than $60 billion in monthly trade volume, led by Uniswap. SushiSwap and Curve reported $13.48 billion and $5.92 billion in monthly volume, respectively. Read Full on theblockcrypto.

Bitcoin Subreddit Hits Milestone With Over 2M Subscribers

One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday. The subreddit r/Bitcoin has 2,184,941 subscribers at the time of publication, making it the 178th most popular subreddit among more than 100,000 active pages. Though much of the growth in the subreddit following the 2017 bull run was gradual, interest in r/Bitcoin exploded last week, with more than 200,000 accounts subscribing to the page between Jan. 26 and Jan. 30, from 1,982,681 to 2,184,941. Read Full on cointelegraph.

Bitcoin Miners' Revenue Reached New High Of $1.09 billion In January

Revenue generated by bitcoin miners reached a new high in January, more than $1.09 billion was generated in revenue, according to data from The Block’s. Irrespective of shortage of supply of mining equipment, bitcoin’s mining difficulty growth has been unchanging. This means that Bitcoin miner’ daily revenue per each terahash second (TH/s) of computing power also increased in January to $0.25. Read Full on theblockcrypto.

Elon Musk: Bitcoin, On The Verge Of Acceptance By Traditional Finance

World’s richest man, Elon Musk shared in Clubhouse conversation with Andressen Horowitz and other prominent investors on February 1st that Bitcoin is about to see broader adoption in the traditional finance world. Musk shared that he believes Bitcoin is a good thing and he is a good supporter of Bitcoin. Other industry executives in the conversation had positive words to share about Elon Musk’s acceptance of Bitcoin. Read Full on cointelegraph.

Billionaire Investor Mark Cuban Sees Bitcoin As Legitimate Store Of Value

Mark Cuban of Dallas Mavericks, shared his opinion on Bitcoin and other Crypto assets. The billionaire investor shared that crypto assets have now become legitimate stores of value with Bitcoin as the lead with highest market cap value, having over a decade of transactions and creating generational wealth. Cuban believes there is an intrinsic value in Crypto even if most people don’t see it because it seems crazy. Read Full on NewsBTC.

Ukraine’s government To Set Up Nuclear Plant Crypto Mining

Energoatom, Ukraine’s government-owned nuclear power plant, chose Kyiv Energy Construction Company to handle the nuclear plant crypto mining project. Official documents shows that the data center will be based in the Rivne nuclear power plant. The Kyiv Energy Construction Company expects to finish the data center building by August 31, 2022. Also, the construction firm got 8.92 million Hryvnia ($317,620) in funding. Read Full on Bitcoin News.