Crypto News Cast 📮 29-10-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $392 B
📊24h Mcap %: 1.18%
⚠️Bitcoin Dom: 62.50%
📌Active Coins: 4,473
📍24h Vol %: -20.89%
💲24h Vol: $90 B

Crypto News Updates :

• Coinbase Is Launching Its Visa Debit Card In US Early Next Year
• Avanti Launched Its Crypto Friendly Bank In Wyoming
• Bitwise Hits $100 Million In Assets Under Management
• Chamath Palihapitiya Believes Every Major Bank Will Support Bitcoin
• Gemini Now Support Euro Deposits And Trading On Its Platform
• FTX Launches Bitcoin Pairs For Amazon, Apple and Tesla
• MicroStrategy's Bitcoin Gains Now Exceeds its 3.5 Year Earnings as a Company

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Coinbase Is Launching Its Visa Debit Card In US Early Next Year

Crypto exchange Coinbase is launching a Visa debit card in the U.S. next year. Coinbase Card is a Visa debit card that allows users to spend their cryptocurrency funds directly from their Coinbase accounts. The card is accepted at any retailer that accepts Visa debit cards. The card will also offer users to earn 1% back in bitcoin (BTC) or 4% back in Stellar lumens (XLM). Coinbase said it wouldn't charge any fees if U.S. customers spend via USDC. Non-USDC pays, on the other hand, would be charged a 2.49% transaction fee. The daily spending limit for Coinbase Card in the U.S. will be $2,500. Read Full on The Block.

Avanti Launched Its Crypto Friendly Bank In Wyoming

According to an Oct. 28 announcement from Avanti, The Wyoming State Banking Board voted 8-0 to grant the financial institution a bank charter. The approval will allow Avanti to operate the new crypto-friendly bank under the name Avanti Bank & Trust as well as its “tokenized U.S. dollar” Avit, designed to modernize USD payments. Avanti said it planned to open for customers in early 2021, but will be limited to high minimum balance accounts. Retail clients will have to wait. Read Full on avanti.

Bitwise Hits $100 Million In Assets Under Management

Bitwise Asset Management, a leading provider of cryptoasset index funds to professional investors, announced that it recently surpassed $100 million in assets under management (AUM). The level is a record for the company and comes amid rising demand from hedge funds, financial advisors and multifamily offices. The majority of demand has been for its Bitwise 10 Crypto Index Fund, which tracks the 10 largest cryptoassets—including Bitcoin, Ethereum, and Litecoin—that historically comprise over 80% of the entire crypto asset class. Read Full on CoinDesk.

Chamath Palihapitiya Believes Every Major Bank Will Support Bitcoin

Social Capital’s CEO Chamath Palihapitiya who has urged the public numerous times to allocate at least 1% of their investment portfolio in Bitcoin told Banks cannot ignore Bitcoin any longer after the PayPal announcement. Being a vocal supporter of Bitcoin, Palihapitiya,highlighted that “every major bank is having a meeting about how to support Bitcoin. It’s no longer optional. Palihapitiya made his first BTC purchase came at the start of the previous decade. Read Full on twitter.

Gemini Now Support Euro Deposits And Trading On Its Platform

Gemini, the crypto exchange founded by the Winklevoss brothers, has launched trading denominated in the euro. In an announcement Wednesday, the company said all listed cryptocurrencies could be purchased and traded with euros. Euro deposits can be made via both SWIFT or SEPA transfers. The exchange's pro-level platform ActiveTrader has also listed pairs for the euro against bitcoin (BTC) and ethereum (ETH), as well as Great British Pound (GBP) against the same two crypto assets. Read Full on Gemini.

FTX Launches Bitcoin Pairs For Amazon, Apple and Tesla

Crypto derivatives exchange FTX has launched a novel way to trade the world’s most popular stocks. Users of the exchange are now able to register to trade on over 12 equity and cryptocurrency pairs via the platform’s fractional stocks offering in what FTX is calling a “first of its kind” product. The additions mean users can begin trading high demand stocks like Tesla, Apple, and Amazon, represented by tokens, against bitcoin (BTC, -3.38%), stablecoins, and more. The offering is being conducted in partnership with capital markets solutions provider Digital Assets AG and investment firm CM Equity. Read Full on CoinDesk.

MicroStrategy's Bitcoin Gains Now Exceeds its 3.5 Year Earnings as a Company

MicroStrategy’s decision to add $425 million in bitcoin as part of its treasury reserve assets is already paying off big time. MicroStrategy’s 38,250 BTC haul acquired in august at an average price of $11,111 is now worth $525.5 million. That represents a $100 million gain within the space of two months. But there is yet another twist to MicroStrategy’s bitcoin investment. Verified information shared by a Twitter user, Kevin Rooke shows that MicroStrategy’s profit on their Bitcoin investment has now surpassed the company’s earnings in the last three and a half-year which was only $78 million. Read Full on Coinfomania.