Crypto News Cast 📮 12-03-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $1679 B
📊24h Mcap %: -58.39%
⚠️Bitcoin Dom: 61.70%
📌Active Coins: 5690
📍24h Vol %: 3.68%
💲24h Vol: $136 B

Crypto News Updates :

• $100 Million Poured Into Bitcoin By a Leading Israeli Asset Manager
• Over 41 Crypto Mining Rigs Shipments Intercepted by South Korean Officials
• Rep Reintroduced Law To Exempt Crypto From Securities Law To Congress
• Cryptocurrency Payment To Be Accepted By Kessler Hotels Through Bitpay
• Demand For Eth Rises As ETC Group Launches An Ethereum ETP
• Digital Yuan At Shanghai Department Store Pilotted By Chinese Banks
• Nexo Donated $150,000 to Brink to Strengthen the Bitcoin protocol
• Peter Schiff's Son Sold His Silver Stocks, Invests 100% Into Bitcoin
• Bitcoin Demand From Goldman Sachs Clients Massively Increasing - COO

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$100 Million Poured Into Bitcoin By a Leading Israeli Asset Manager

Altshuler Shaham, the biggest investment house in Israel have invested a $100M into Crypto, and have already made over a 100% profits as the investment was made end of 2020. It is also the only known Israeli institution to have shown interests in crypto. Also, more institutions are showing interest in crypto, after the UK in 2020. A Chinese beauty app maker, Meitu also invested $40M into Bitcoin and Ethereum. [Read Full on U.Today](https://u.today/leading-israeli-asset-manager-pours-100-million-into-bitcoin

Over 41 Crypto Mining Rigs Shipments Intercepted by South Korean Officials

There’s been a rise in the import of mining rig hardware in the past 3 Months. Unlike what was seen last, South Korea develops interest in acquiring mining rigs, the custom authorities have warned that there may be consequences for any violation in declarations or tax payment. However, the PC gaming rooms use this opportunity to leverage their computers and take advantage of the pandemic-driven restrictions, with most of them mining ETH. Read Full on Bitcoin News.

Rep Reintroduced Law To Exempt Crypto From Securities Law To Congress

Representative Warren Davidson reintroduced the bill to exempt crypto tokens and digitals assets from U.S security law for the third time. He had introduced the bill in late 2018 and 2019 also to the House of Rep. The bill would also exempt tax for crypto-to-crypto transfers and crypto held in an individual retirement account. Congressman Darren Soto in support of the move said that the bill will create certainty around digital assets in the U.S. Read Full on Decrypt.

Cryptocurrency Payment To Be Accepted By Kessler Hotels Through Bitpay

Kessler hotels accepting cryptocurrency will help international travelers make payments easier and even cheaper. This provides their customers with multi payments options. BTC, ETH and DOGECOIN with four other stablecoins will be accepted. Many institutions have adopted cryptocurrency as also seen in the case where the Premium Private Jet Charter Company, FlyExclusive paternring with BitPay to accept payment in cryptocurrency. BitPay playing as an intermediary has helped institutions in adoption of crypto. Read Full on BeInCrypto.

Demand For Eth Rises As ETC Group Launches An Ethereum ETP

This new development, Ethereum ETP, will bring in more investors to Ethereum Market. In June 2020, the company made $1B from Bitcoin ETP. The Ethereum product is to be structured just as the BTC product. ETC group CEO reassured that the investor security is built into the product itself. The banning of crypto derivatives means that the ETC Group’s product will be all over Europe but not the UK. Read Full on Decrypt.

Digital Yuan At Shanghai Department Store Pilotted By Chinese Banks

Thousands of digital yuan transactions were conducted over the past weekend. Banks were offered discounts as part of the campaign, providing virtual coupons for retailers who paid with digital yuan. Participants also get the opportunity of having digital yuan application on their smartphones. China has now succesfully launched the CBDC trials in four regions — Shenzhen, Suzhou, Xiong’an, Chengdu and set to extend it to Shanghai, Hainan, Changsha, Qingdao, Dalian and Xi’an. Read Full on cointelegraph.

Nexo Donated $150,000 to Brink to Strengthen the Bitcoin protocol

Nexo donated $150,000 to Brink, a nonprofit organization focused on strengthening the Bitcoin protocol. Antoni Trenchev, co-founder and managing partner of Nexo, said the donation shows Brink’s support and commitment to Bitcoin. Trenchev thinks “the industry should do more” to support Bitcoin just like some companies did. He specifically pointed out public companies like MicroStrategy and Tesla that have recently invested in Bitcoin holdings. Read Full on Crypto Briefing.

Peter Schiff's Son Sold His Silver Stocks, Invests 100% Into Bitcoin

Spencer Schiff, son of gold advocate Peter Schiff, plans to invest his entire portfolio into Bitcoin alone at its last drop below $50,000, said Peter Schiff on Twitter. The bitcoin critic is concerned for his son’s choice as his son sold his silver stocks in order to invest in Bitcoin. He believes is son’s nvestment “ to infinity or bust.” Crypto communities believe the sons choice will make him pre wealthy than the father. Read Full on cointelegraph.

Bitcoin Demand From Goldman Sachs Clients Massively Increasing - COO

U.S. banking giant Goldman Sachs resumed its cryptocurrency trading desk recently and have seen a massive increase in demand for digital assets from clients. The U.S banking giant is exploring ways meet up with increasing demand from Bitcoin investors and continuously engage with them according to the COO John Waldron. Matt McDermott Goldman Sachs’ digital asset Executive shared that, 40% of Goldman investors have some sort of exposure to crypto. Read Full on cointelegraph.