Crypto News Cast For September 12th 2021 ?

Crypto News Cast 📮 12-09-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $2119 B
📊24h Mcap %: 16.10%
⚠️Bitcoin Dom: 40.70%
📌Active Coins: 6457
📍24h Vol %: -22.36%
💲24h Vol: $103 B

Crypto News Updates :

Bitcoin Price Could Rise ‘Significantly’ Says BlackRock Executive In Recent Interview
Bitcoin Could Fix MoneyGram’s $400M El Salvador’s Annual Remittances
Virginia Public Pension Funds Seeks Approval Into Companies Buying Bitcoin
Huge Value Investor’s Fund Has Described Bitcoin As The Digital Gold
Cryptocurrency Payment Option Now Available For Major Airlines Through UATP
Bitcoin, The Largest Cryptocurrency Records Major Breakthrough With 700,000th Block
Investment Firm, Grayscale’s BCH, LTC, ETC Trusts Closer To Becoming ETFs
More Than 200,000 New Staking Addresses Added To Cardano In 3Months

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– Bitcoin Price Could Rise ‘Significantly’ Says BlackRock Executive In Recent Interview

Rick Rieder, CIO of BlackRock express faith on bitcoin price rising significantly in the future as he owns bitcoin, he said this when speaking on CNBC’s Squawk Box. He believes that Bitcoin is an alternative currency which will grow via adoption, he insisted that there’s value in holding some Bitcoin. It’s found that BlackRock allocated over $382 million to shares of Bitcoin mining giants Marathon Digital Holdings and Riot Blockchain. Read Full on Bitcoin Magazine.

– Bitcoin Could Fix MoneyGram’s $400M El Salvador’s Annual Remittances

Former Ripple partner MoneyGram and Western Union remittance giants makes huge profits on fees on cash sent to El Salvador Annually, according to a CNBC article, they received $6 billion worth of remittances, which totaled 23% of El Salvador’s GDP last year alone. President Nayib Bukele believes so much that Bitcoin will help the citizens to avoid such massive fees for remittances as tje country adopts bitcoin as legal tender. Read Full on U.Today

– Virginia Public Pension Funds Seeks Approval Into Companies Buying Bitcoin

Two Virginia public pension funds moves for approval to invest directly in an investment fund that buys Bitcoin, other cryptocurrencies. Once they get the approval, the Fairfax County Police Officers Retirement System (PORS) and Fairfax County Employees’ Retirement System (ERS) will invest $50 million in a Parataxis Capital Management fund. This is a notable bet on cryptocurrencies even as it gains more institutional and individual adoptions. Read Full on Decrypt.

– Huge Value Investor’s Fund Has Described Bitcoin As The Digital Gold

Miller Opportunity Trust, a funds offered by investment firm Miller Value Partners has described bitcoin to be “digital gold”. Miller Opportunity Trust managed by Bill Miller and Samantha McLemore is a value fund firm concerned with investors thinking about the long term when doing investments. The fund invested in GBTC during the last quarter and they consider bitcoin as a an assets worth holding as it’ll appreciate more in the future. Read Full on CryptoGlobe.

– Cryptocurrency Payment Option Now Available For Major Airlines Through UATP

Universal Air Travel Plan (UATP), airline-owned global payment network moves to allow crypto payments with bitcoin, dogecoin, ethereum, litecoin and six other popular Crypto in partnership with Bitpay. Bitpay CEO Stephen Pair noted that cryptocurrencies adoption for payment options has increased massively as regarding travels, noting that UATP is widely accepted by thousands of businesses worldwide for air, rail, hotel, and travel agency payments. Read Full on Bitcoin News.

– Bitcoin, The Largest Cryptocurrency Records Major Breakthrough With 700,000th Block

On September 11, Bitcoin, the largest cryptocurrency, hits its 700,000th block with 89.58% of its total supply issued. This was an addition of 100,000 blocks after it achieved 600,000 blocks on Oct. 19, 2019 in a period of 693 days. In October, bitcoin was priced at $7,960 on the Bitstamp exchange while its currently trading at $44,835 that is 463% increase from October 19. Miners get a 6.25 BTC reward for each valid block since May 11. Read Full on U.Today.

– Investment Firm, Grayscale’s BCH, LTC, ETC Trusts Closer To Becoming ETFs

Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM) announced SEC registration for Bitcoin Cash Trust (OTCQX: BCHG), Litecoin Trust (OTCQX: LTCN), and the Ethereum Classic Trust (OTCQX: ETCG). This will convert the trusts into SEC reporting companies and furthermore, the trusts will become exchange-traded funds (ETFs). This solidifies Grayscale’s purpose to offer transparent investment system Read Full on Bitcoin News.

– More Than 200,000 New Staking Addresses Added To Cardano In 3Months

The Cardano (ADA) ecosystem continues setting new records as its staking wallets is now at 821,024 as of September 10, 2021 according to data from statistics from Pooltool, adding 212,633 wallets to initial record of 608,391 addresses, indicating a 34.95% increase in three months. Also, the total ADA staked is valued at $57.57 billion, these new heights are influenced by the news of the much-anticipated Alonzo Purple update, which is set to happen on September 12. Read Full on Finbold.

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