Crypto News Cast 📮 01-03-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1493 B
📊24h Mcap %: 160.00%
⚠️Bitcoin Dom: 60.90%
📌Active Coins: 5550
📍24h Vol %: 0.80%
💲24h Vol: $133 B
Crypto News Updates :
- CoinShares Launches a $75 Million Physically-Backed Ethereum ETP
- Korean Government To Levy Taxes On Crypto Capital Gains
- Bridgewater Analyst: Bitcoin Is An Alternative To Gold
- Stablecoin Volume Surpasses $360 Billion For February
- Google Finance Adds Crypto Section With Updates on Cryptocurrencies
- Kevin O’Leary Becomes a Bitcoin Believer, Invests 3% of His Portfolio
- Dubai-based FD7 Ventures Launches $250 Million Fund To Leverage Cardano, Polkadot
- Asia Leads As the Most Active Cryptocurrency Landscape
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CoinShares Launches a $75 Million Physically-Backed Ethereum ETP
A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum. Called CoinShares Physical Ethereum, the product is already listed on the regulated SIX Swiss Exchange under the ticker ETHE and has a base fee of 1.25%. Each unit of ETHE is backed with 0.03 Ether tokens at launch. Read Full on CryptoPotato.
Korean Government To Levy Taxes On Crypto Capital Gains
According to South Korea's amended income tax law, cryptocurrency investors will pay taxes on profits from digital currencies. As part of the income regulatory initiative, cryptocurrency traders and investors are mandated to pay 20 percent if they earn more than 2.5 million won (almost $2300 at the present exchange rate) from bitcoin and other cryptocurrencies. Gains below 2.5 million won will not be taxed. The law will be enacted in 2022. Read Full on CryptoPotato.
Bridgewater Analyst: Bitcoin Is An Alternative To Gold
A senior analyst at the US asset management firm, Bridgewater Associates, has opined that bitcoin should be viewed as digital gold. Rebecca Patterson, the director of investment research at Bridgewater Associates, said bitcoin could be better compared to gold than a currency due to the similarities between both assets. Patterson noted that a good regulatory clarity in bitcoin will make it a great investable asset for more institutional investors who are yet to join the trend. Read Full on CryptoPotato.
Stablecoin Volume Surpasses $360 Billion For February
The adjusted, monthly on-chain stablecoin volume hit a new high in February, rising above $360 billion for the first time. As expected, the volume figures were dominated by Tether (USDT). USDT saw 63.5% of the volume, with 18.7% going to USD Coin (USDC) and 9.6% to DAI. USDT also saw its most-ever volume of $232 billion in February. The stablecoin surpassed $30 billion by market cap on February 10, suggesting more than 30 billion USDT currently in circulation. Read Full on theblockcrypto.
Google Finance Adds Crypto Section With Updates on Cryptocurrencies
Google Finance recently added crypto tab labelled “Crypto” to the finance.google.com domain to show major changes in crypto prices. This tab shows price changes and updates for Cryptocurrencies including big cap cryptos like Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). This is another indication that Crypto is gaining more mainstream attention and user adoption. With just a click, Google users can access information on Crypto. Read Full on cointelegraph.
Kevin O’Leary Becomes a Bitcoin Believer, Invests 3% of His Portfolio
Canadian investor, Kevin O’Leary has changed his previous opinion of bitcoin and now supports Bitcoin. He believes Bitcoin has come to stay, hence he invested 3% of his portfolio in BTC and ETH. As Crypto gains user and institutional adoption, O’Leary is more positive about Crypto. In his words, he shared, “Most people that are willing to hold them, including institutions over the last 90 days, are willing to deal with the volatility.” Read Full on Bitcoin News.
Dubai-based FD7 Ventures Launches $250 Million Fund To Leverage Cardano, Polkadot
Dubai-based FD7 Ventures launches a $250 million fund in India, to invest in developer teams who will build on Polkadot and Cardano. FD7 ventures will invest $5 million in 50 different projects every year per company. The most successful company will receive up to $20 million as an addition to the first investment of $5 million. Also, FD7 Ventures plans to leverage ADA and DOT to build non-fungible tokens market (NFTs) in India. Read Full on U.Today
Asia Leads As the Most Active Cryptocurrency Landscape
When it comes to cryptocurrencies, Asia accounts for a huge number of crypto users, companies, miners, traders, and more. Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem from Asia. Read Full on Bitcoin News.