Crypto News Cast 📮 19-11-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $503 B
📊24h Mcap %: 2.10%
⚠️Bitcoin Dom: 66.20%
📌Active Coins: 4,654
📍24h Vol %: -47.00%
💲24h Vol: $137 B

Crypto News Updates :

• American Rap Icon Lil Yachty Creating His Own Cryptocurrency
• 73% Of Millionaires Invested Or Plans To Invest In Crypto
• Vietnam’s Ministry Of Education Adopts Blockchain
• CME Bitcoin Futures Hits An All-Time High Open Interest Of $1 Billion
• Dubai Investment Firm Will Stake $10 M Worth Of ETH To Support ETH 2.0 Launch
• Newly Created Bitcoin addresses Reached Almost 25,000 In An Hour
• Deutsche Bank: Investors Prefer Bitcoin Over Gold As Inflation Hedge
• Bitcoin Mining Revenue Hits Yearly High
• Zcash Undergoes Its First Halving With A Major Upgrade
• Mexico’s Second Richest Man Holds 10% Of His Liquid Assets In Bitcoin

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American Rap Icon Lil Yachty Creating His Own Cryptocurrency

One of the biggest rap artists in the world Lil Yachty will be tokenizing himself with his own cryptocurrency. The rap superstar is releasing the token via the social platform Fyooz that leverages tokenization to give fans access to artists and influencers. The platform enables celebrities to create their own cryptocurrencies, which their fans can then purchase to engage and gain access to their favorite stars. Ownership of a token can effectively give fans a stake in an artist’s career, as well as privileges that they wouldn’t otherwise receive. Read Full on twitter.

73% Of Millionaires Invested Or Plans To Invest In Crypto

The survey, carried out by deVere Group, one of the world’s largest independent financial advisory organisations, finds that 73% of poll participants are now already invested in or will make investments in digital currencies, such as Bitcoin, Ethereum and XRP, before the end of 2022. The 700-plus respondents are clients who currently reside in North America, the UK, Asia, Africa, the Middle East, East Asia, Australasia and Latin America. ‘High net worth’ is classified in this context as having a more than £1m (or equivalent) in investable assets. Read Full on Finbold.

Vietnam’s Ministry Of Education Adopts Blockchain

Vietnam’s Ministry of Education and Training (MOET) has entered into an exclusive agreement with Singapore-based smart contract platform TomoChain to archive student records on a blockchain, TomoChain announced Wednesday. According to the announcement, the National Qualifications Archive program will upload all certifications achieved by Vietnam’s high school and higher education students to the TomoChain public blockchain to create a transparent and immutable record. Read Full on CoinDesk.

CME Bitcoin Futures Hits An All-Time High Open Interest Of $1 Billion

CME Group's cash-settled bitcoin futures have hit an all-time high open interest of $1 billion. The milestone comes as bitcoin price continues to surge at around $18,000 levels. The spike in the open interest, or the value of outstanding derivative contracts that are yet to be settled, suggests that more money is flowing in the market, and traders expect a near-term rise in bitcoin's volatility. CME launched its bitcoin futures in December 2017, and it is currently the only regulated cash-settled offering in the U.S. Read Full on The Block.

Dubai Investment Firm Will Stake $10 M Worth Of ETH To Support ETH 2.0 Launch

IBC Group, a Dubai-based boutique investment firm, is staking $10 million worth of ether (ETH) to support the Ethereum 2.0 launch. The firm has partnered with Canada-based staking service CanETH for the initiative. Specifically, IBC will stake a total of 21,984 ETH, in three tranches, for 687 validators. Eth2 is expected to go live on December 1, with the launch of Beacon Chain, when at least 524,288 ETH is staked in the Eth2 staking deposit contract. Read Full on The Block.

Newly Created Bitcoin addresses Reached Almost 25,000 In An Hour

Nearly 25,000 new Bitcoin (BTC) addresses were created today in just one hour—a level that was last seen in 2018. According to Glassnode’s data, the 24-hour moving average of new Bitcoin addresses hit 24,807. The last time a comparable number of newly created wallets appeared on the network within the same time frame was in mid-January 2018. This was just after Bitcoin reached its all-time high of $20,000 the previous month. Read Full on Decrypt.

Deutsche Bank: Investors Prefer Bitcoin Over Gold As Inflation Hedge

Bitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank. “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” Jim Reid, managing director, head of global fundamental credit strategy, said. While bitcoin has gained 144% this year, gold is up 22%. Both assets seem to have benefitted from the inflation-boosting monetary and fiscal policies launched by central banks and governments across the globe. Read Full on CoinDesk.

Bitcoin Mining Revenue Hits Yearly High

Bitcoin mining revenue has topped $20 million per day, its highest level this year. Data from analytics provider, Glassnode, suggests that revenue from Bitcoin mining is now back at pre-halving levels when block rewards were double what they are now. The daily revenue figure, which includes block rewards and transaction fees, for Nov. 18 was $21.2 million, its highest for a year. The previous peak was on May 6 when it reached $20.6 million. Following the halving event, which dropped block rewards from 12.5 BTC to 6.25 BTC, revenue plummeted to just over $7 million per day. Read Full on Twitter.

Zcash Undergoes Its First Halving With A Major Upgrade

Privacy-centric blockchain network Zcash has completed its first miner rewards halving as it rolls out the major Canopy upgrade. Four years after forking from Bitcoin, privacy-centric blockchain network Zcash has completed its first halving at 12:37 UTC, Zcash passed block height 1,046,400 to trigger the event that cuts miners’ rewards from 6.25 ZEC to 3.125 ZEC. Its Canopy upgrade will end its unpopular Founder’s Reward and will mark the beginning of its new development fund. Read Full on CoinDesk.

Mexico’s Second Richest Man Holds 10% Of His Liquid Assets In Bitcoin

Ricardo Salinas Pliego, the second-wealthiest man in Mexico and also 166th wealthiest person in the world, has revealed that 10% of his “liquid portfolio” is invested in Bitcoin. The billionaire shared a video captured in “a Latin country” depicting banks throwing out garbage bags filled with paper money into a dumpster. He asserted that paper money is worth nothing, that’s why it is always good to diversify their investment portfolio.” The video posted appears to show bags of Venezuelan bolivars being thrown out, including 10,000 bolivar notes issued in 2016 and 2017. Read Full on cointelegraph.