Crypto News Cast 📮 14-01-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $1052 B
📊24h Mcap %: 100%
⚠️Bitcoin Dom: 69.60%
📌Active Coins: 5170
📍24h Vol %: -8.20%
💲24h Vol: $131 B

Crypto News Updates :

• Bitcoin To Become Stable With Increased Institutional Interest - Goldman Sachs Exec
• Billionaire Howard Marks’ Family Owns Substantial Amount Of Bitcoin And Other Cryptos
• US Navy Awards $1.5M To Reshape Supply Chain Of US Military Using Blockchain
• Chinese Hospital Issues Invoice To Patients With Blockchain Management System
• Pakistan Government Launches Mining Farms To Mine Bitcoin With Government Funds
• Twitter CEO Expressed Bitcoin As A Better Model Of Decentralization
• Stellar Overtakes Link And BNB, Regains Top 10 Position By Market cap

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Bitcoin To Become Stable With Increased Institutional Interest - Goldman Sachs Exec

Jeffrey R. Currie, Goldman Sachs executive said Bitcoin is maturing as an asset class as it has amassed increased institutional interest, about 1% which is still a small portion of the total market. More Institutions globally need to become involved with Bitcoin for it to become a stable, less volatile and avoid similar flash crash that happened recently. Goldman Sachs is fully in Support of Bitcoin and cryptocurrencies. Read Full on cointelegraph.

Billionaire Howard Marks’ Family Owns Substantial Amount Of Bitcoin And Other Cryptos

Billionaire Howard Marks, co-founder of Oaktree Capital Group, shared in a recent memo to one of his clients that his family now owns a substantial amount of Bitcoin and other cryptocurrencies. He attributes the acquisition of the Crypto assets to his son, Andrew Marks. The billionaire stated before that people were only getting into Bitcoin because they were expecting upward profits and not because of Bitcoin’s properties. Read Full on U.Today

US Navy Awards $1.5M To Reshape Supply Chain Of US Military Using Blockchain

SIMBA Chain, received a $1.5 million grant from the U.S. Office of Navy Research to restructure the supply chain of the United States military with blockchain-based solution. The blockchain-based project will be used to enable demand sensing for critical military weaponry parts. SIMBA Chain will work with Naval Enterprise Sustainment Technology Team (NESTT) to construct a use case centered on the combat jet, Boeing F/A-18 Hornet. Read Full on cointelegraph.

Chinese Hospital Issues Invoice To Patients With Blockchain Management System

The People’s Hospital of Chengmai County, a public hospital in the Hainan province of South China, becomes the first hospital to issue and keep track of invoices on a blockchain within the province. The Hospital sent an electronic bill to a patient on its blockchain-based invoice management platform on Monday. The patients can check their medical and billing records on their phones for payback without going to the hospital. Read Full on CoinDesk.

Pakistan Government Launches Mining Farms To Mine Bitcoin With Government Funds

The government of Khyber Pakhtunkhwa (KP), one of Pakistan’s four provinces, announced the launch of Bitcoin mining farms last week, a major move towards using its funds to mine Bitcoin. According to Ziaullah Bangash, the advisor to the chief minister of KP on Information Technology, a legal bill was passed to allow people to launch and issue their own cryptocurrencies without fear of legal red tapes and challenges. Read Full on Decrypt.

Twitter CEO Expressed Bitcoin As A Better Model Of Decentralization

Twitter CEO Jack Dorsey expressed his belief in Bitcoin and the decentralization it offers, in a Twitter thread. Bitcoin represents the fundamental system the internet should adopt. He also explained the ban of U.S. President Donald Trump from the social media platform. Jack also said that Twitter is actively working towards a decentralized future, “funding an initiative around an open decentralized standard for social media.” Read Full on cointelegraph.

Stellar Overtakes Link And BNB, Regains Top 10 Position By Market cap

Data from Coingecko shows that XLM is now the ninth-largest cryptocurrency by market capitalization. Stellar Lumen is back to top-10 market Capitalization rankings after their XLM token gained a 30 percent increase in price. Stellar’s market cap is now above $6.2 billion with Chain link (LINK) ranking 10th and Binance Coin (BNB) at the 11th Position. XLM’s price gained over 75 percent in the last seven-day trading period. Read Full on BTCMANAGER.