Cryptocurrency News Cast 📮 11-09-2020

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $336 B
📊24h Mcap %: -0.86%
⚠️Bitcoin Dom: 56.80%
📌Active Coins: 3,909
📍24h Vol %: 78.69%
💲24h Vol: $289 B

Cryptocurrency News Updates :

• Jack Dorsey: Bitcoin Is The Best Manifestation Of Internet-Native Currency
• Dave Portnoy Will Be Soon Back To Crypto
• Number of Bitcoin Addresses Holding at Least 1 BTC Hits New Highs
• Pomp Convinced Jim Cramer To Buy Bitcoin
• New Swiss Laws Will Provide Massive Boost To Crypto and Blockchain
• BTC Locked In DeFi Projects Surged By Over 30% In Past Week
• Bitcoin ATMs Rises 167% As Compared To Last Year
• Africans Choose Crypto As A Means Of Exchange Over Local Fiat Currencies
• DBS Bank Says Pandemic Accelerates Crypto Adoption

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Jack Dorsey: Bitcoin Is The Best Manifestation Of Internet-Native Currency

The world of cryptocurrency moves at a whirlwind pace but Twitter CEO Jack Dorsey remains committed to Bitcoin (BTC). In an interview with Reuters on Sept. 10, Dorsey, who also founded the mobile-payment platform Square, said he believes the coin’s potential still outshines later developments. He think the internet wants a native currency and Bitcoin is probably the best manifestation of that thus far. Dorsey also lauded the fact that “anyone with a great idea” who wants to be part of Bitcoin can join the community, they don’t have to be part of a company. [Read Full on cointelegraph.]

Dave Portnoy Will Be Soon Back To Crypto

Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy said his “heart is crypto” and would make a return to the cryptocurrency market soon. According to Portnoy, he feels many investors in the cryptocurrency market share the same personality as himself. The outgoing entrepreneur and investor said his “heart is crypto” and will soon be back. [Read Full on cointelegraph.]

Number of Bitcoin Addresses Holding at Least 1 BTC Hits New Highs

Bitcoin investors are unfazed by BTC’s constant price swings in the crypto markets. The month of September has been a turbulent one for Bitcoin in the crypto markets. However, the constant volatility of Bitcoin has not swayed investors from owning more BTC. According to the team at Glassnode, the number of Bitcoin addresses holding at least 1 BTC has grown continuously over the years. Known as ‘wholecoiners’, their numbers recently hit a new all-time high value of 823,000. Read Full on ethereumworldnews.

Pomp Convinced Jim Cramer To Buy Bitcoin

Bitcoin bull Anthony “Pomp” Pompliano may have just persuaded Jim Cramer, the outspoken host of CNBC’s Mad Money, to invest in crypto. In a Sept. 10 tweet, Pomp claimed to have converted the man who once stated that Bitcoin (BTC) was like “Monopoly money” in a recording of his podcast, scheduled to be released on Sept. 14. His statement appears to have been confirmed by Cramer, who retweeted Pompliano immediately. On Cramer, Pomp stated that “he understands the benefit of Bitcoin better than most.” Read Full on twitter.

New Swiss Laws Will Provide Massive Boost To Crypto and Blockchain

Swiss parliamentarians on Thursday passed a new set of finance and corporate law amendments that recognize the blockchain and cryptocurrency industry. The new set of laws define the legalities of exchanging digital securities and also the legal process of reclaiming digital assets from companies that go bankrupt. It is likely that the new form of the existing laws will come into effect early next year. With that, the blockchain and cryptocurrency industry and decentralized finance are expected to gain a massive boost in Switzerland. Read Full on cointelegraph.

BTC Locked In DeFi Projects Surged By Over 30% In Past Week

According to DeFi tracking platform DefiPulse, the amount of locked BTC in decentralized finance (DeFi) projects increased from 67,038 BTC ($694 million) on Sep 2 to the current all-time high of 87,752 BTC ($904 million), representing an increase of 30.9%. That’s an increase equivalent to 20 times the BTC locked in the Lightning Network. More than 50% (51,295 BTC) of the locked BTC sits on Ethereum in WBTC, which accounted for 63% of the BTC growth since Sep 2, locking an additional 13,000 WBTC on the network. Read Full on cointelegraph.

Bitcoin ATMs Rises 167% As Compared To Last Year

According to Coin ATM Radar, Bitcoin ATMs (BTMs) have reached 9871 ATMs globally as at present. This is a 167% surge as compared to last year. These ATMs are currently present in 71 countries globally. Presently, the United States, Canada, United Kingdom, Austria, and Spain tops the list of countries with the most ATMs present at 7740, 860, 277, 150, and 104 locations, respectively. Also, African countries aren’t left behind with countries such as South Africa, Ghana, and the giant of Africa, Nigeria being a few countries where Bitcoin ATMs can be found on the continent. Read Full on ZyCrypto.

Africans Choose Crypto As A Means Of Exchange Over Local Fiat Currencies

The report from blockchain analytics firm Chainalysis shows that Africa’s local individuals and businesses are increasingly turning to cryptocurrencies for avoiding high fees, regulatory complications and currency instability. The number of monthly transfers to and from Africa has passed the 600,000 mark. The total number of transfers under $10,000 jumped by 55% in a year to reach $316 million in June. Nigeria, which is the continent’s largest economy, South Africa, and Kenya lead the region in cryptocurrency transfers. Read Full on cointelegraph.

DBS Bank Says Pandemic Accelerates Crypto Adoption

The Singapore-based DBS Bank describes the current state of digital assets in its quarterly report on crypto as a “pandemic-led acceleration of adoption.” The chief economist of the multinational bank, Taimur Baig, believes that the ongoing global pandemic is boosting Bitcoin adoption worldwide. There have lately been murmurings about a large financial institution – particularly in places like Singapore, Switzerland, and Germany – fielding a new wave of demand for crypto. The adoption of crypto has risen this year amid the ongoing pandemic in many countries. Read Full on CoinDesk.