Crypto News Cast 📮 10-11-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $440 B
📊24h Mcap %: 0.40%
⚠️Bitcoin Dom: 64.10%
📌Active Coins: 4,579
📍24h Vol %: -9.86%
💲24h Vol: $102 B

Crypto News Updates :

• Mike Novogratz Won BTC In Election Bet, Giving Away It To New Bitcoiners
• Worlds Greatest Money Manager Stan Druckenmiller Says He Is Long Bitcoin
• US Fed Economists Are Exploring The “Intrinsic” Value Drivers Of CBDCs
• Top Reasons To Be Bullish On Ethereum 2.0 Staking
• Ethereum Addresses With 32 ETH Hits All Time High Before The ETH 2.0 Launch
• Bitcoin’s Hash Power Increases 42% In Two Days
• This Year’s Champions League Winners Are Now Tokens on Ethereum
• Wall Street Has Started Embracing Bitcoin Says Millionaire Philanthropist

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Mike Novogratz Won BTC In Election Bet, Giving Away It To New Bitcoiners

Billionaire investor and Galaxy Digital founder Mike Novogratz gave away half a bitcoin that he won in an election bet. Novogratz said that he would give away the BTC which he won from one user who goes by the Twitter handle Stoney Bitson. Twitter user ‘Adelgary’ won the lottery by correctly guessing the number “826.” However, since Novogratz mentioned in his tweet that the BTC amount would go out to new Bitcoin users, other participants pointing out that the winner already owns Bitcoin. Read Full on Twitter.

Worlds Greatest Money Manager Stan Druckenmiller Says He Is Long Bitcoin

Hedge fund manager Stanley Druckenmiller is betting on bitcoin, according to new comments made on CNBC. "Bitcoin could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money," said Druckenmiller. "I own many more times gold than I own bitcoin, but frankly, if the gold bet works, the bitcoin bet will probably work better because it's thinner and more illiquid and has a lot more beta to it," he said. Read Full on Twitter.

US Fed Economists Are Exploring The “Intrinsic” Value Drivers Of CBDCs

Fed economists are beginning their deep dive into CBDC research, hoping to identify the “intrinsic" value drivers of a digital dollar. In a report titled "Central Bank Digital Currency: A Literature Review," Fed economists compile research exploring the potential impact of a digital dollar on commercial banking and monetary policy. The review provides a theoretical underpinning for understanding how CBDCs could influence consumer adoption and financial stability. Read Full on cointelegraph.

Top Reasons To Be Bullish On Ethereum 2.0 Staking

Participation in Ethereum 2.0 staking has a number of impressive economic and technological catalysts. 1. Ethereum 2.0 offers very high approximate annual staking rewards. 2. Prior to the launch of Ethereum 2.0, a FOMO run may push the Ether price through the roof. 3. Unique opportunity to join staking of a project with a five-year-long history, a passionate community and a stellar reputation. 4. Intuitive depositing process via Launchpad. 5. "Forgiving" rules for validators (e.g., low uptime requirements). Read Full on U.Today.

Ethereum Addresses With 32 ETH Hits All Time High Before The ETH 2.0 Launch

According to data from Glassnode, the number of addresses holding at least 32 Ethereum recently surpassed 125,540, an all-time high. The deposit contract for Ethereum’s long-awaited 2.0 upgrade was released last Wednesday. For many retail investors, the steps involved in staking make it a challenging process to navigate. While exchanges and staking pool services such as RocketPool will soon help users earn rewards even if they hold fewer than 32 ETH, the deposit contract’s uptake is yet to reflect this. Read Full on Crypto Briefing.

Bitcoin’s Hash Power Increases 42% In Two Days

It appears many Chinese miners have completed their annual migration from Sichuan, with Bitcoin’s hash rate spiking more than 40% in two days. According to Coinwarz, Bitcoin's hash rate currently sits at 157.5 exahashes per second (EX/s) after briefly pushing above 160 EH/s. The spike follows a sharp decline in hash power in late October, which many analysts attributed to the end of the rainy season in the Chinese mining hub of Sichuan. Read Full on cointelegraph.

This Year’s Champions League Winners Are Now Tokens on Ethereum

Crypto fantasy soccer game Sorare has added Reigning Champions League and Bundesliga champion FC Bayern Munich. Sorare players can buy and sell NFT-based digital cards of the team’s players. Sorare has 100+ licensed teams and reported $1M+ in October sales volume. Starting today, Sorare players can buy and sell digital cards based on top FC Bayern Munich players like Manuel Neuer and Thomas Müller as well as use them in their in-game lineups. Read Full on Decrypt.

Wall Street Has Started Embracing Bitcoin Says Millionaire Philanthropist

Detroit millionaire Bill Pulte has taken notice of Bitcoin’s increasing institutional adoption, claiming that Wall Street has started to pick up its wisdom. Pulte — who’s mainly known for his Twitter philanthropy — also teased another cryptocurrency giveaway: “Wall Street has started to pick up the wisdom of Bitcoin. Better late than never. The future is bright, and we will be starting Christmas early this year.” He is committed to promoting Bitcoin adoption because he believes that it could help the unbanked. Read Full on Twitter.