Crypto News Cast 📮 11-03-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $1741 B
📊24h Mcap %: 11.98%
⚠️Bitcoin Dom: 61.20%
📌Active Coins: 5682
📍24h Vol %: 0.28%
💲24h Vol: $129 B

Crypto News Updates :

• JPMorgan Creates Crypto Exposure Basket Featuring MicroStrategy, Square, PayPal
• Survey of U.S Retail Investors Show They Prefer ADA to BTC
• BlockTower Capital Generates $25 million Fund To Invest in DeFi Projects
• AMD To Release Its Own Crypto GPU to Mine Ethereum
• Number Of Bitcoin ATM’s Skyrockets To Over 177% In The US Over The Past Year
• South Korean Shinhan Bank Pilots National Digital Currency Platform
• ETH 2.0 TVL Deposits Skyrockets to All-Time Highs of $6.5 Billion
• Bitcoin Network Settled About $10 Billion Daily Transactions in 2021

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JPMorgan Creates Crypto Exposure Basket Featuring MicroStrategy, Square, PayPal

JPMorgan Chase files with U.S. SEC to create Crypto Exposure basket which will give investors direct exposure to a basket of crypto-focused companies. The Exposure Basket (Mar 2021) will consist of 11 Reference Stocks of U.S.- listed companies that operate businesses directly and indirectly related to cryptocurrencies. These companies include MicroStrategy, Square, Riot Blockchain, Nvidia Corporation and PayPal Holdings. Read Full on cointelegraph.

Survey of U.S Retail Investors Show They Prefer ADA to BTC

Voyager Digital conducted a Digital Asset Investor Sentiment Survey, which revealed that Investors now prefer Cardano’s ADA to Bitcoin. 31.8% of investors of the survey respondents show that they are “most bullish” on Cardano compared to 22.2% of investors who chose Bitcoin. 12.2% of the respondents chose Ethereum while 6.3% chose Polkadot. Steve Ehrlich, CEO of Voyager Digital, said that the survey shows investors crypto preference. Read Full on Decrypt.

BlockTower Capital Generates $25 million Fund To Invest in DeFi Projects

BlockTower Capital generates $25 million fund to invest in decentralized finance (DeFi) projects. Veteran American venture capitalist Howard Morgan, British historian Niall Ferguson and Milwaukee Bucks co-owner Marc Lasry invested in the fund. The fund will enable future investments in illiquid assets for the long term. Mac Lasry also invested in BlockTower Capital’s main investment fund. BlockTower Capital is a Crypto investment firm. Read Full on CoinDesk.

AMD To Release Its Own Crypto GPU to Mine Ethereum

AMD Navi 12 could be the first crypto mining-related specific processor launched by the company. The new card is expected to have the compatibility to mine ethereum but lacks video outputs, making it the proper candidate for crypto mining. The war between gamers and miners have boosted the GPU price in the market, of course, the gamers at the receiving end of it, inciting their anger as they struggled to find a cheaper card. Read Full on Bitcoin News.

Number Of Bitcoin ATM’s Skyrockets To Over 177% In The US Over The Past Year

Coin ATM radar’s data shows an addition of about 9,683 machines in the US with record of 13,699 out of 16,835 machines, with Canada having 7.5% (1,268) of machines worldwide, Europe too isn’t left behind. 34.6 new ATM’s are being installed each day, Hong Kong (85), the Russian Federation (53) and Colombia (46). Australia and UK are seen to suffer a decline of 42.5% and 30% respectively in the number of machines installed. Read Full on cointelegraph.

South Korean Shinhan Bank Pilots National Digital Currency Platform

Reports say that the South Korean Shinhan Bank developed a blockchain-based pilot platform and is looking at a collaboration with the country's central bank to develop a national digital currency. Shinhan Bank’s CBDC will allow the use of the issued CBDC for payments, remittances and foreign exchange transactions. This will deepen the bank's involvement in the crypto industry as seen also when the bank started digital won trials in April 2020. Read Full on cointelegraph.

ETH 2.0 TVL Deposits Skyrockets to All-Time Highs of $6.5 Billion

Data from Glassnode, an analytics platform, reveals that the Total value locked (TVL) in the Ethereum 2.0 deposit smart contract just surged to an all-time high (ATH) of $6,467,550,120.47, surpassing previous ATH of $6,442,945,942.67. Ethereum 2.0 is Proof-of-Stake (PoS) model, one of the major ways Ethereum Foundation is using to mitigate high transaction fees and bring scalability to the Ethereum network. Read Full on The Bitcoin Street Journal.

Bitcoin Network Settled About $10 Billion Daily Transactions in 2021

The Bitcoin network has settled about $10 Billion daily transactions in 2021, data from Glassnode revealed. The massive Bitcoin daily transactions is trackable to institutional investors who are constantly storing BTC from exchanges. 15,700 Bitcoin worth roughly $850 million, was withdrawn from Coinbase on March 8th. OTC buying of Bitcoin also dropped the supply of Bitcoin on exchanges to a two-year low. Read Full on Twitter.