Crypto News Cast 📮 04-01-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $866 B
📊24h Mcap %: -13.20%
⚠️Bitcoin Dom: 68.40%
📌Active Coins: 5081
📍24h Vol %: -89.00%
💲24h Vol: $198 B

Crypto News Updates :

• Total Value Locked In DeFi Hits $17.45 Billion
• Ethereum Taps $1000 Eyeing To Hit Its New All Time High
• Litecoin Overtakes XRP By Market Capitalization
• Shenzhen Gives Away Red Packet Lottery Worth 20 Million Digital Yuan
• Galaxy Digital CEO Novogratz Attributes Bitcoin Bullish Price To Institutional Investors
• Financial Times Features Bitcoin Bullish Rally To $30,000 On Front Page
• Crypto Venture Funding Reached An Average of $5.7 million In 2020
• Satoshi Becomes 33rd Richest Person on Bitcoin's 12th Birthday

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Total Value Locked In DeFi Hits $17.45 Billion

The total value locked in the decentralized finance (DeFi) industry hit $15 billion, according to DeFi Pulse stats. The biggest projects in the space right now are three lending protocols: Maker, Aave and Compound. They have $3.6 billion, $2.44 billion and $2.36 billion locked in respectively. A year ago, the entire DeFi ecosystem was worth only $658 million, just some months before it appeared at the forefront of the whole industry. Read Full on Decrypt.

Ethereum Taps $1000 Eyeing To Hit Its New All Time High

The price of Ethereum, the second largest cryptocurrency by market cap, today hit $1,005 the culmination of a weekend bender that’s added a few hundred dollars to its price. Coinbase showed that Eth briefly hit that price at 23:38 UTC, before dropping below $1,000. Ethereum’s strong performance puts it well on the way to surpassing its all time high of $1,432 set in January 2018. That was the last time ETH hit four figures on the dollar before it settled into a three-figure decline by the start of February 2018. Read Full on Decrypt.

Litecoin Overtakes XRP By Market Capitalization

Litecoin (LTC) is now the third most valuable public blockchain, flipping Ripple (XRP), with a market cap of $11 billion. LTC only trails only Bitcoin and Ethereum with $615 billion and $127 billion, respectively. The spectacular expansion of LTC and Bitcoin Cash (BCH) prices, specifically, can be tied to the announcement by PayPal in late October. Last month, Charlie Lee, the co-founder of Litecoin, cited several “value propositions” as triggers of the recent LTC/USD surge. Read Full on CoinMarketCap.

Shenzhen Gives Away Red Packet Lottery Worth 20 Million Digital Yuan

Shenzhen of China announced the give away of another 20 million digital yuan, worth $3 million on new year’s Eve. The give away includes 100,000 red packets lottery to local residents worth 200 digital yuan, or $30 each, to support the ongoing real-life test of China’s central bank digital currency. Winners will be able to spend the digital yuan between January 7 and January 17 within 10,000 shops, restaurants and supermarkets in Shenzhen. Read Full on The Block.

Galaxy Digital CEO Novogratz Attributes Bitcoin Bullish Price To Institutional Investors

Mike Novogratz, Founder and CEO of Galaxy Digital affirms in an interview that institutional investors are the major driving force for the current Bitcoin bull run and also influencing the supply of BTC. Many major institutions joined the crypto movement for in 2020. Novogratz has also changed his opinion on the percentage investors should be allocating to Bitcoin from 3% to 5% for five years long term hold. Because “Bitcoin’s not going back to zero.” Read Full on cointelegraph.

Financial Times Features Bitcoin Bullish Rally To $30,000 On Front Page

Financial Times, one of the biggest international business newspapers in the world, featured Bitcoin’s bullish price surge to $30,000 on its front page right after Bitcoin’s 12th Anniversary. The Financials Times noted the increased institutional interest in Bitcoin and also mentioned PayPal’s crypto adoption in October 2020. The skepticism associated with Bitcoin in the past seem to be non-existent now in the face of Bitcoin bullish price movement. Read Full on U.Today.

Crypto Venture Funding Reached An Average of $5.7 million In 2020

Crypto venture funding increased by 32.5 percent ($5.7 million) in 2020 compared with 2019, according to The Block Research. Almost every category of venture funding in the Cryptocurrency space grew in number of deals and funding. The funding ranged between $1 Million to $5 Million. In comparison to 2019, there were two additional funding deals in 2020 worth $100 million, according to Block Research’s 2021 Outlook Report. Read Full on The Block.

Satoshi Becomes 33rd Richest Person on Bitcoin's 12th Birthday

Satoshi Nakamoto has surpassed the likes of Sheldon Adelson, He Xiangjian, and Len Blavatnik, to become the 33rd richest person in the world on the 12th birthday of Bitcoin, his world-changing creation. In July 2020, Whale Alert estimated that he had managed to mine 1,125,150 BTC before leaving the community for good more than a decade ago. Assuming that Satoshi is still alive, he would have a net worth of $39.15 billion if he kept all his mined coins. Read Full on U.Today.