Crypto News Cast đŽ 08-03-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
đMarketCap: $1577 B
đ24h Mcap %: 16.38%
â ď¸Bitcoin Dom: 60.20%
đActive Coins: 5622
đ24h Vol %: -13.46%
đ˛24h Vol: $116 B
Crypto News Updates :
- Peter Brandt Claims Bitcoin Will Trend Higher
- Chinaâs Major Tech Company Meitu Puts $40 Million Into Crypto
- UNI Becomes First DeFi DApp Token In Top 10 Cryptos
- Mark Cuban: Dallas Mavericks Has Processed Over 20,000 Dogecoin
- Ethereum Whales Now Hold 68% Of Total ETH Supply
- NFT Version of Burnt Up Banksy âMoronâ Painting Sold For $382,336
- Indian Government Readjusts Position on Crypto, Explores Regulation
- Bitcoinâs Market Cap More Than Visa, JPMorgan, Facebook, Tesla
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Peter Brandt Claims Bitcoin Will Trend Higher
In a recent tweet, legendary trader Peter Brandt opined that Bitcoin would âcontinue to trend higherâ despite many analysts claiming that its rally is too overstretched. His bullish case is built on the fact the purchasing power of the U.S. dollar continues to diminish. Brandt is also convinced that both U.S. equities and commodities will continue to appreciate in fiat terms for the same reason. Bitcoin is trading in the green this Sunday, soaring to an intraday high of $51,250 today. Read Full on U.Today
Chinaâs Major Tech Company Meitu Puts $40 Million Into Crypto
Chinese tech company Meitu has purchased 380 BTC worth $22.1 million and 15,000 ETH worth $17.9 million with its cash reserves. It is the very first Hong Kong-listed company to make such a move. Its board of directors has agreed to invest up to $100 million into cryptocurrencies. The board predicts that the two largest cryptocurrencies will be able to appreciate in the future, which is the main reason behind the investment. Read Full on U.Today
UNI Becomes First DeFi DApp Token In Top 10 Cryptos
The native token of leading decentralized exchange Uniswap has surged by nearly 50% this week, ranking UNI as the eighth-largest crypto asset with a $17.7 billion market cap. UNI broke into the top 10 on March 5, becoming the first native token of a DeFi DApp to hold the distinction. In 24 hours, UNIâs capitalization increased from $8.8 billion on March 4 to $14.7 billion. Messari currently ranks UNI as the -second-largest Ethereum-based asset by market cap behind Tether, beating out the Chainlink by nearly 50% of its capitalization. Read Full on cointelegraph.
Mark Cuban: Dallas Mavericks Has Processed Over 20,000 Dogecoin
After recently adding Dogecoin as a payment method on its online store, Billionaire entrepreneur Mark Cuban has called his Dallas Mavericks online store the largest Dogecoin merchant. Mark Cuban announced through his Twitter account that Dallas Mavericks online store has so far processed more than 20,000 Dogecoin in Transactions. Cuban has flip-flopped on his opinion regarding cryptocurrencies in past. Read Full on BeInCrypto.
Ethereum Whales Now Hold 68% Of Total ETH Supply
Ethereum price surged to $1,750 for the first time in 2 weeks with Ethereum whales (Ethereum wallet addresses with at least 10,000 ETH) holding a greater percentage (68%) of the total supply. ETH reached all-time high of $2,030 on 20 February and has done over 100% in the last two months, currently at a total market cap of nearly $200 billion. The price surged was followed by heavy Ethereum transactions. Read Full on The Bitcoin Street Journal.
NFT Version of Burnt Up Banksy âMoronâ Painting Sold For $382,336
NFT version of the now-destroyed Banksy painting called âMoronsâ sold at an NFT auction for 228.69 ETH valued at $382,336 to the bidder tagged âGALAXYâ. The Banksyâs âMoronsâ painting was tokenised into an NFT before it was destroyed on camera during burning ceremony in Brooklyn this month. The painting showed a crowded auction house. The physical painting is destroyed but the NFT version exist on the Ethereum Blockchain. Read Full on Decrypt.
Indian Government Readjusts Position on Crypto, Explores Regulation
Nirmala Sitharaman, Indiaâs Finance Minister, shared that the Indian government is readjusting itâs stance on Crypto considering every side and aspects of Crypto usage and management. She emphasized that lots of negotiations are going on around crypto with the Reserve Bank of India including regulations. The Indian government hints that the Crypto ban will not hold, instead they are looking at ways to experiment with Crypto. Read Full on Decrypt.
Bitcoinâs Market Cap More Than Visa, JPMorgan, Facebook, Tesla
Ecoinmetrics team shared in a tweet that Bitcoinâs market cap has surpassed that of VISA, JPMorgan, Facebook and Tesla on an individual basis. Bitcoinâs market cap is 59% of Amazonâs; 43% of Appleâs; 35% of the gold in the financial system; and 8% of the physical gold market. Robert Kiyosaki, encouraged retail investors to buy Bitcoin, as a hedge against the inflation caused by US Federal Reserve money printing because its broke. Read Full on Ethereum World News.