Crypto News Cast 📮 12-01-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $914 B
📊24h Mcap %: -23.00%
⚠️Bitcoin Dom: 68.50%
📌Active Coins: 5147
📍24h Vol %: -16.00%
💲24h Vol: $197 B
Crypto News Updates :
- December Trading Volumes For Bitcoin Futures And Options Surpassed November Volumes
- Poll From Santiment Shows People Have 80% Of Funds In Crypto
- Bakkt Merges With VPC Impact Acquisition Holdings, Becomes Publicly Traded Company
- 91.8% Ethereum Wallets on Profits Surpassing 88% of Bitcoin Wallets
- Agricultural Bank of China launches First Digital Yuan ATM
- Swiss Publication Opined That BTC Is Becoming A Preferred Investment Option
- Bit Digital Market Value Hits $1 Billion With 7,500% Increase In Shares
- Mark Cuban Believes Crypto Market Is Like The Dotcom Bubble
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December Trading Volumes For Bitcoin Futures And Options Surpassed November Volumes
Data from the Block shows that bitcoin futures and options trading volumes for December hit all-time highs. Volume of Bitcoin futures hit 1.06 trillion as it surpassed November Volumes with 21.6% in 2020. Bitcoin options volume increased by 18.9% from November to December. Deribit had 82.1%, bit.com had 7.88%, and OKEx maintained 7.3% of the total $17.89 billion bitcoin options volume. Read Full on The Block.
Poll From Santiment Shows People Have 80% Of Funds In Crypto
New poll conducted by on-chain analysis platform, Santiment shows that people are actively involved in Crypto. From the poll, 49.8% of 624 people (that is 310 people) admit to have 80% to 100% of their fiat capital invested in cryptocurrencies. The poll also found that 17% of the 624 voters who responded to the poll have 60-79% invested in crypto, 14.3% have at least 40% and 18.3% have invested less than 40%. Read Full on ZyCrypto.
Bakkt Merges With VPC Impact Acquisition Holdings, Becomes Publicly Traded Company
Bakkt merged with VPC Impact Acquisition Holdings as per recent announcement. The companies combined will be called "Bakkt Holdings" and will be listed on the New York Stock Exchange with an expected valuation of $2.1 billion. Intercontinental Exchange subsidiary will become a publicly traded company. Gavin Michael, former head of technology of Citi’s Global Consumer Bank became Bakkt CEO after the merger. Read Full on CoinDesk.
91.8% Ethereum Wallets on Profits Surpassing 88% of Bitcoin Wallets
As Bitcoin and Ethereum addresses reign in profits, number of profitable ETH addresses surpass those of BTC. Data from Intotheblock shows that 33.79 million btc addresses, about 88 percent are currently in Profits. 47.09 million of ETH wallets are in profit, about 91.8 percent of wallets. Glassnode data shows a healthy blockchain network irrespective of the minor correction and Bitcoin addresses with more 1000 BTC keeps increasing. Read Full on U.Today
Agricultural Bank of China launches First Digital Yuan ATM
The Agricultural Bank of China launched an ATM pilot program, the first digital yuan ATMs, to enable citizens deposit and withdraw digital Yuan or convert to cash and savings to and from the digital yuan. Customers at Shenzen branch have begun spending and converting the digital yuan they received as part of China’s “red envelope” gift lottery. This is an effort to guide the people into the innovative technology. Read Full on cointelegraph.
Swiss Publication Opined That BTC Is Becoming A Preferred Investment Option
Swiss Publication opined that retail and Institutional Investors are adopting as a viable investment option especially as a hedge against inflation. Bitcoin’s price has been on upward trend since March 2020 drop. BTC first broke previous highs of December 2017 and hit a new all-time high above $40,000. Adriel Jost MD at WPlus noted that the doubts surrounding the massive fiat money printing is pushing People to adopt BTC as a protection against economic crisis. Read Full on BTCMANAGER.
Bit Digital Market Value Hits $1 Billion With 7,500% Increase In Shares
Bit Digital (BTBT) New York-based bitcoin mining company, currently has a market value above $1 billion, an increase from $6.2 million a year ago. It’s shares has skyrocketed 7,500%, now trading at $25. The increase in revenues is not surprising as Bit Digital closed a $13.9 million deal to purchase nearly 18,000 Antminer and Whatsminer machines which will double Bit Digital’s hashpower to over 2,253 petahash per second (PH/s) and expand its mining operations. Read Full on CoinDesk.
Mark Cuban Believes Crypto Market Is Like The Dotcom Bubble
Mark Cuban, owner of Dallas Mavericks said in his recent tweets that the current market rally is “exactly” like the dot-com bubble of the late 1990s. He suggested to his followers to learn how to hedge because most Cryptocurrencies will not survive the next market crash. Most dot-com companies couldn’t survive after the bubble burst. Cuban believes that only a few cryptocurrencies, such as Bitcoin and Ethereum, will survive this speculative crypto market bubble. Read Full on U.Today