Crypto News Cast 📮 09-01-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $1092 B
📊24h Mcap %: -3.05%
⚠️Bitcoin Dom: 70.00%
📌Active Coins: 5129
📍24h Vol %: -43.00%
💲24h Vol: $153 B

Crypto News Updates :

• People Would Buy More Bitcoin With Stimulus Check Mike Novogratz Predicts
• Report: Bakkt May Go Public Via Merger With VPC Impact Acquisition Holdings
• Institutional Investors From Pensions And Endowments Now Interested In Crypto
• Bitcoin And Tesla Overtakes Facebook By Market Cap Rankings
• South Korean To Start Crypto Tax On Trading Profits In 2022
• Prolific DJ Carl Cox Set To Release Music As NFT
• Hyundai Motors To Use Blockchain And AI To Verify Motor Parts
• Ethereum’s Market Capitalization Hit All-time High $149.77 Billion

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People Would Buy More Bitcoin With Stimulus Check Mike Novogratz Predicts

Mike Novogratz, CEO of Galaxy Digital thinks that people would buy more bitcoin with their $2000 stimulus checks just like they did with the last federal stimulus checks. Approval of the stimulus by the House Of Representative is good news for the stock and crypto markets. Mike Novogratz had earlier attributed Bitcoin’s price surge to institution and retail Interest. Read Full on cointelegraph.

Report: Bakkt May Go Public Via Merger With VPC Impact Acquisition Holdings

Bakkt, the cryptocurrency trading platform may go public via a merger with VPC Impact Acquisition Holdings, as per information from anonymous sources. The anonymous source said that Bakkt is in advanced talks about the merger and the combined partnership could be valued at more than $2 billion at the completion of Merger. VPC chief executive John Martin has explained the merger as “identity, partner with and help grow a business in the fintech sector.” Read Full on cointelegraph.

Institutional Investors From Pensions And Endowments Now Interested In Crypto

Michael Sonnenshein, a new CEO of Grayscale Investments, said recently that institutional investors from pensions and endowments are now taking interest in cryptocurrency. Investment allocations from this set of investors are rapidly increasing. Grayscale currently has $27.5 billion in assets under management (AUM). Grayscale announced also that it has reduced the management fee on the Digital Large Cap Fund from 3.0% to 2.5%. Read Full on CoinDesk.

Bitcoin And Tesla Overtakes Facebook By Market Cap Rankings

Bitcoin and Tesla have beaten Facebook by market capitalization rankings as they surge up the ladder of top global assets. Bitcoin is currently ranked 7 with a market cap of more than $770 billion with Facebook following immediately with about $767 billion. Market capitalization of Cryptocurrencies is calculated by the total number of coins in circulation multiplied by the current market price of each coin. Read Full on Decrypt.

South Korean To Start Crypto Tax On Trading Profits In 2022

The South Korean government issued an amendment to the country’s existing 2020 revised tax rules in order to introduce tax on cryptocurrency trading profits. Profits from buying and selling cryptocurrencies in South Korea will be now be taxed at 20%. This is specific to crypto holders with annual income of over 2.5 million won ($2,300). The new rule will become effective in 2022. Read Full on Bitcoin News.

Prolific DJ Carl Cox Set To Release Music As NFT

Carl Cox joins a growing list of musicians to release an NFT on Ethereum. Carl Cox, one of the world’s productive DJs announced on Twitter that he is set to release his exclusive music as a set of digital collectible on Nifty Gateway. This release will be part of the following week’s crypto art event, Future Art in Sydney. He will also display visuals from popular NFT artist Hipworth. Cox affirmed that. NFT is an amazing innovation in digital technology. Read Full on Crypto Briefing.

Hyundai Motors To Use Blockchain And AI To Verify Motor Parts

Hyundai Motors plans to use the distributed ledger technology, through blockchain and artificial intelligence (AI) powered system called MAPS (Most Advanced Parts System) to verify the authenticity of its car parts and minimize counterfeiting. MAPS will be used for transparent distribution of after-sales parts for over 300 Hyundai and Kia car models. The top motor brand plans to the maintain life cycle of its vehicles with Blockchain. Read Full on BTCMANAGER.

Ethereum’s Market Capitalization Hit All-time High $149.77 Billion

Ethereum’s market capitalization hit $149.77 billion when it surpassed its previous all-time high on Thursday after the total market capitalization of all cryptocurrencies hit $1 trillion. The price of ETH is currently at $1,270 with a market cap of roughly $145.1 billion. However, the last all-time high market cap of Ethereum reached $145.7 billion in January 2018. Market Cap is the total value of all tokens and coins in circulation. Read Full on The Block.