Crypto News Cast 📮 07-03-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1557 B
📊24h Mcap %: 109.00%
⚠️Bitcoin Dom: 60.60%
📌Active Coins: 5614
📍24h Vol %: -27.00%
💲24h Vol: $99 B
Crypto News Updates :
- Kraken Plans to Raise $10 Billion Valuation in Fundraising
- Veteran Investor Jim Rogers Wished He Bought Bitcoin Years Ago
- Grayscale Bitcoin Trust Premium Drop Could Spark Bitcoin Rally to $100,000
- Venezuelan Enables Citizens To Buy Crypto with Stimulus Funds
- Galaxy Digital Pulled in $32.1 million in investment For Ethereum Funds
- Tron’s Justin Sun Offers $500,000 For Jack Dorsey's Tweet as NFT
- Bitcoin Replacing Gold in Portfolios, Next Target $100,000 – Bloomberg Report
- Ethereum Network Upgrade EIP-1559 For Lower Gas Fees Scheduled For July
- Twitter CEO, Jack Dorsey Auctions His First Tweet on Valuables
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Kraken Plans to Raise $10 Billion Valuation in Fundraising
Kraken is thinking of going public through SPAC (special-purpose acquisition company) at a value of $10 billion. A source revealed that the new fundraising of over $20 billion valuation shows a strong a desire to take advantage of the increasing interest in the crypto industry. Powell said Kraken will most likely involve a direct listing when it goes public. The Crypto Exchange, Coinbase will follow same pattern of public listing. Read Full on Decrypt.
Veteran Investor Jim Rogers Wished He Bought Bitcoin Years Ago
Hedge fund Manager and billionaire investor, Jim Rogers wished he had bought bitcoin years ago, with Bitcoin gaining more Popularity while some others fade away. Rogers believes the governments will not let Crypto thrive especially if if it succeeds as a currency. In his own words, “If bitcoin ever becomes a viable currency instead of a trading vehicle, they can outlaw it. Governments don’t want to lose control. They like their monopoly.” Read Full on Bitcoin News.
Grayscale Bitcoin Trust Premium Drop Could Spark Bitcoin Rally to $100,000
Mike McGlone, senior commodity strategist of Bloomberg Intelligence shared in a tweet that the drop in GBTC’s premium after Bitcoin retraced to $43,000 could be a bullish indicator for the market taking history into account and this could push the price of Bitcoin up to $100,000. The drop in Grayscale premium shows that the shares in the GBTC product are trading below their “net asset price (NAV),” which gives institutions chance to buy GBTC cheaper. Read Full on CryptoGlobe.
Venezuelan Enables Citizens To Buy Crypto with Stimulus Funds
Venezuelan largest, state-owned bank partners with financial services startup Glufco, to enable the people buy cryptocurrency, that is the Glufco’s dollar-pegged stablecoin using stimulus funds provided by the state through Biopago biometric payment system. This gives Venezuelans access to dollars and shield them from inflation attached to using the Bolivar, national currency. Also it gives citizens of Venezuela access to Crypto on-ramp services. Read Full on Decrypt.
Galaxy Digital Pulled in $32.1 million in investment For Ethereum Funds
Securities and Exchange Commission (SEC) filings shows that two Ethereum funds launched by Galaxy Digital have received $32.1 million in investment, so far. These funds gives businesses exposure to invest in Ethereum without actually buying any of it. Galaxy Digital shields investors from facing the risk of downtrend in prices, Digital partnered with US-based exchange to custody these funds. Galaxy earns 1% fee from the services. Read Full on Decrypt.
Tron’s Justin Sun Offers $500,000 For Jack Dorsey's Tweet as NFT
Justin Sun of Tron offers to buy Twitter CEO Jack Dorsey's tweet non-fungible token (NFT) for a whooping sum of $500,000. Dorsey put his first tweet published in 2006 as an NFT on the Valuables platform powered by Cent and bids are going higher from $88,000 to $267,000. Cent is a service powered by Ethereum enabling Twitter users to sell and buy tweets in the form of non-fungible tokens. Read Full on U.Today.
Bitcoin Replacing Gold in Portfolios, Next Target $100,000 – Bloomberg Report
Bloomberg report shows that that demand for bitcoin is replacing gold in portfolios at a fast pace. The report pointed out 2020 as the year BTC gained popularity among institutional investors. Even gold advocates are diversifying into the largest Crypto by market cap especially in 2021. Quoting the report; “Bitcoin inflows are accelerating, along with gold outflows, and we see scant reason to reverse the trend.” Next target for Bitcoin is $100,000. Read Full on CryptoPotato.
Ethereum Network Upgrade EIP-1559 For Lower Gas Fees Scheduled For July
Ethereum network upgrade EIP-1559 is now scheduled for the “London” hard fork in July. Based on the proposal by Ethereum cofounder Vitalik Buterin shows that the new fee structure will impactfully adjust fees so users only pay the lowest bid for each block and change it from previous bidding system. The proposal received massive support from the Ethereum Community and it showed that it can impact the price of Ethereum positively. Read Full on cointelegraph.
Twitter CEO, Jack Dorsey Auctions His First Tweet on Valuables
Twitter CEO, Jack Dorsey is auctioning off his first tweet which was the first-ever tweet on twitter as a non-fungible token (NFT). The tweet from March 21, 2006, said “just setting up my twtter,” Dorsey placed the tweet on sale through the platform Valuables. The highest bid so far was $88,888.88 in ETH and the auction will end when Dorsey accepts a bid. Users can bid on the tweet with ETH. Read Full on Decrypt.