Cryptocurrency News Cast đŽ 16-08-2020
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24hours Cryptocurrency Market Cap:
đMarketCap: $374 B
đ24h Mcap %: 1.90%
â ď¸Bitcoin Dom: 58.50%
đActive Coins: 3,717
đ24h Vol %: -2.50%
đ˛24h Vol: $99 B
Cryptocurrency News Updates :
- Ex-Prudential CEO George Ball Says It's Time To Buy Bitcoin
- California Advances With Digital Asset Bill
- Huobi Overtook BitMEX With Total Of $50.2 Billion In Trading Volume
- Max Keiser: Warren Buffett Buying Gold May Push Bitcoin Higher
- Chainlink Surges 14% To Reach To A New All-Time High of $20
- DeFi Market Cap Keeps Surging, Now Hits $15.1 Billion
- Grayscale Investments Has Recorded Best Fundraising Week
- Ripple: $2 Billion Volume Flowed Through XRP Remittance Platforms
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Ex-Prudential CEO George Ball Says It's Time To Buy Bitcoin
Former Prudential Securities chief executive and current chairman of Sanders Morris Harris George Ball sees Bitcoin as a safe haven for those looking for different investments. Ball admitted he was previously a âBitcoin opponentâ but, with the government participating in the financial markets, heâs seen the value of Bitcoin and cryptocurrencies. Ball believes bitcoin is a safe haven for money. He also made a bold claim in the interview that many people will turn to Bitcoin and cryptocurrencies as investments âafter Labor Day.â Read Full on yahoo.
California Advances With Digital Asset Bill
Californiaâs Senate Banking and Financial Institutions committee has passed the "Assembly Bill 2150" bill seeking to define digital assets and measure its impact on the state and consumer protections. The bill, focuses on directing the Department of Business Oversight to conduct a study and see if California can enact policies to see how treating digital assets as securities for a limited amount of time can impact consumer protections, benefits to the state. The report should be presented to the California Legislature on or before January 1, 2022. Read Full on cointelegraph.
Huobi Overtook BitMEX With Total Of $50.2 Billion In Trading Volume
Huobi, one of the worldâs biggest crypto exchange says $877.8 billion has been traded on the platform in the last six months. They said that in Q1, the unilateral trading volume was $444.2 billion while Q2 was $433.7 billion. They claimes that in its first full quarter, Huobiâs perpetual swap trading volume came in at $21.65 billion in April, but rocketed up to $79.5 billion the next month, falling just short of BitMEXâs trading volume. Then, in June, Huobi overtook BitMEX with a total of $50.2 billion. Read Full on Trustnodes.
Max Keiser: Warren Buffett Buying Gold May Push Bitcoin Higher
Berkshire Hathaway, the $503 billion conglomerate led by Warren Buffett, sold Goldman Sachs for a Canadian gold company Barrick Gold. Max Keiser, an early Bitcoin investor, says it could help buoy BTC to $50,000. Max Keiser, an avid Bitcoin investor believes Buffettâs gold investment could benefit Bitcoin. He said the positive sentiment around gold implies a higher valuation for Bitcoin, which some consider as digital gold. Max Keiser believes Buffett will start panic-buying Bitcoin at $50,000. Read Full on cryptopotato.
Chainlink Surges 14% To Reach To A New All-Time High of $20
The altcoin market hasnât been boring for a long time now, and the past 24 hours reaffirmed it. No words can describe the Chainlinkâs year. Chainlink (LINK) price has risen to a new all-time high (ATH) of $19.81 USD, today at +5:30 UTC, with more than 14% increase in the past 24 hours, pushing it ever closer to the $20 threshold and solidifying itself in the number five position for largest cryptocurrencies ranked by market cap. Now, the market cap of Chainlink is around $6,88,01,87,409 USD in CoinMarketCap. Read Full on CoinMarketCap.
DeFi Market Cap Keeps Surging, Now Hits $15.1 Billion
According to metrics site Coin Gecko, the total market cap of DeFi, or decentralized finance, is now $15.1 billion. The growth is staggering. On August 9, DeFi's market cap hit $11 billion. By August 12, $13 billion. And now four days laterâthe rise almost like clockwork in DeFi's steampunk utopiaâthe market cap hits $15 billion. The huge rise is of course down to the prominence of Chainlink, the decentralized price oracle that's responsible for 49.2% of DeFi's market cap. Read Full on Decrypt.
Grayscale Investments Has Recorded Best Fundraising Week
Grayscale Investments marked its best fundraising week in its 7-year history, with over $200 million investments after launching a nationwide commercial educating the masses about digital assets. The campaign went live on Monday, August 10th and itâs quick 30sec commercial containing a brief history of the money, developments in the financial sector, and, naturally, the emerging digital assets trend and how people could invest through Grayscale. Grayscale has raised the assets under management nearly $6 billion in this week. Read Full on CryptoPotato.
Ripple: $2 Billion Volume Flowed Through XRP Remittance Platforms
Ripple CEO Brad Garlinghouse said that $2 billion volume has flowed through its XRP remittance platform since its launch in October of 2018. Garlinghouse also notes that the total volume on the platform surged 11x between July 2019 and July 2020. Rippleâs partner, MoneyGram, remains the top user of the remittance network and uses it to process about 10% of its US-Mexico transactions. Ripple said that it sold $32.55 million worth of XRP in the second quarter of 2020 in an effort to boost XRPâs remittance liquidity. Read Full on The Daily Hodl.