Cryptocurrency News Cast 📮 19-09-2020
Welcome to The Cryptocurrency News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $355 B
📊24h Mcap %: 0.94%
⚠️Bitcoin Dom: 57.50%
📌Active Coins: 3,910
📍24h Vol %: -3.48%
💲24h Vol: $118 B
Cryptocurrency News Updates :
- Microstrategy CEO Plans To Hold Bitcoin For 100 Years As It's 1000X Better Than Gold
- After Two-Year Later Crypto Exchange Kraken Come Back To Japan
- Bitcoin Is A Lifeboat In An Economic Collapse, Says The Author "Price Of Tomorrow"
- Ethereum Locked in Uniswap Surged to $1.7 Billion After UNI Launch
- Crypto Mining Will No Longer Be Prohibited In Abkhazia
- Japan: Bitcoin Rewards Program Sets A New Record High On Bitflyer
- Over 69% Of Investors Holding Bitcoin As Long Term Investment
- Ethereum Mining Revenue Hits Five Year High Of 2,275.790 ETH
- Investment Firm Blockchain Capital Joins Facebook-Backed Libra As A New Member
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Microstrategy CEO Plans To Hold Bitcoin For 100 Years As It's 1000X Better Than Gold
In a recent podcast episode with long-time Bitcoin proponent Anthony ‘Pomp’ Pompliano, MicroStrategy’s CEO Michael Saylor claimed he’s ready to HODL Bitcoin for a century and said it’s 1,000x better than gold. Saylor noted that he has a “mega, mega problem – I have a lot of cash, and I’m watching it melt away". Also a mega problem by this insane V-shaped recovery in the bond and equity markets. Instead, what he aimed for was an asset, whose production rate can be “cut in half” and its price “can go up by a factor of 10. That’s what any intelligent investor wants.” Read Full on CryptoPotato.
After Two-Year Later Crypto Exchange Kraken Come Back To Japan
Crypto exchange Kraken will operate in Japan for the first time in two years. The company said Tuesday its Japanese subsidiary, Payward Asia Ltd., completed the regulatory registration process and has been granted a permit to operate as a crypto asset exchange business in the country. The firm plans to start offering its services in the middle of September, with more details to come. According to Kraken’s announcement, Payward Asia’s new platform will initially only handle trades in five coins: Bitcoin, Ethereum, XRP, Bitcoin cash and Litecoin. Read Full on CoinDesk.
Bitcoin Is A Lifeboat In An Economic Collapse, Says The Author "Price Of Tomorrow"
The author of Price of Tomorrow, Jeff Booth said that “there is no means of avoiding the final collapse of a boom brought about by credit expansion.” He referred to the most recent actions from central banks, which aim to “escape a massive debt problem by exponentially adding more debt.” However, he pointed out that these problems had started long before the COVID-19. He further said, "Bitcoin is a "must" not just for your wealth but as a lifeboat". Read Full on Twitter.
Ethereum Locked in Uniswap Surged to $1.7 Billion After UNI Launch
Uniswap, the largest decentralized exchange by volume, has seen locked value double in 48 hours. Total value locked in Uniswap contracts has shot up to nearly $1.7 billion, in two days after launching its decentralized governance using UNI token. It has now surpassed lending protocol Aave, according to data provided by DeFi Pulse. Total value locked is a metric commonly used to compare the relative popularity of different DeFi protocols, with more value locked translating roughly into where attention from the DeFi community is focused at a given time. Read Full on Decrypt.
Crypto Mining Will No Longer Be Prohibited In Abkhazia
The de facto state of Abkhazia threw the towel on its fight against crypto mining, with the president Aslan Bzhania recently announcing measures to lift the nation’s current ban. According to Finanz.ru, Aslan Bzhania stated on Thursday that his government plans to introduce “the most optimal mechanism” to regulate crypto mining, rather than maintaining the state’s current prohibition on blockchain-related activities. Read Full on cointelegraph.
Japan: Bitcoin Rewards Program Sets A New Record High On Bitflyer
According to a bitFlyer report, bitFlyer number of monthly users exchanging T-Points, or loyalty points for Bitcoin (BTC) hit a record high in August in Japan. The exchange did not specify the number of users of the service but BTC was trading at 1.3 million Japanese yen ($12,400) in August for the first time in a year. Midori Kanemitsu, a market analyst at bitFlyer, indicated this reflects a larger trend: against the backdrop of COVID-19 and global monetary easing, Bitcoin is shifting from a speculative investment for individuals to an institutional hedge against inflation. Read Full on CoinDesk.
Over 69% Of Investors Holding Bitcoin As Long Term Investment
According to a recent survey of Huobi traders, 45% of respondents have time horizons longer than one year, with 12.5% saying that they are willing to wait over four years for a return on their investment. This seems to contradict the widely accepted view that most crypto investors are just there to make a quick buck. When asked which asset they have held the longest, it’s no surprise that 69% said it was Bitcoin (BTC). Read Full on cointelegraph.
Ethereum Mining Revenue Hits Five Year High Of 2,275.790 ETH
The only ones happy about the current astronomical gas prices are Ethereum miners as they are raking in the profits like never before. Uniswap’s launch of its native token and associated farming rewards has caused a digital gold rush, which has crippled the Ethereum network for the second time in as many weeks. The news has been good for Ethereum miners, though, as their revenue has reached a five year high of 2,275.790 ETH according to on-chain analytics provider Glassnode. Read Full on Twitter.
Investment Firm Blockchain Capital Joins Facebook-Backed Libra As A New Member
One of the largest venture capital firms in the blockchain industry, Blockchain Capital has joined the governance organization behind the Facebook-backed Libra project. Alongside the other 26 association participants, Blockchain Capital will now be working to create a “more equitable payment system” with Libra. Bart Stephens, co-founder and managing partner at Blockchain Capital, said, “Leveraging blockchain technology to improve financial access and promote innovation has been at the core of Blockchain Capital’s portfolio strategy.” Read Full on Libra.org.