Crypto News Cast For October 6th 2021 ? -

Crypto News Cast 📮 06-10-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $2300 B
📊24h Mcap %: 117.21%
⚠️Bitcoin Dom: 44.70%
📌Active Coins: 6459
📍24h Vol %: 26.00%
💲24h Vol: $141 B

Crypto News Updates :

Institutional Pivots Back To Bitcoin As Altcoin Weeks Of Accumulation Fades
Hashrate And Difficulty Level Shows Full Recovery For Miners After China’s Crackdown
Ethereum’s Record In Transaction Currently Sits Above $6T Within Past 12 Months
Bank Of America Is Bullish On The Entire Crypto Space
Bitcoin Outperforms Stocks, And Commodities, Becomes 2021’s Best-performing Asset
Popular Investor Bill Miller Compares Bitcoin With Ferrari
America’s fifth-largest bank Is Reportedly Launching Crypto Custody Services
Ripple Goes Into Partnership With Africa And Middle East’s Largest Financial Institution
Gensler Says SEC Has No Plans To Ban Cryptocurrency Like China

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– Institutional Pivots Back To Bitcoin As Altcoin Weeks Of Accumulation Fades

Institutional investor’s interest piles up back towards the flagship cryptocurrency investment products, signifying a third consecutive week of inflows. Information from CoinShares’ latest Digital Asset Fund Flows Weekly shows that BTC investment products produced $68.7 million worth of inflows from September 27 to October1, which represents a 36% rise in exposure week-over-week record. Also, there was a minimal inflow of $1.9 million for multi-asset funds. Read Full on cointelegraph.

– Hashrate And Difficulty Level Shows Full Recovery For Miners After China’s Crackdown

Bitcoin mining operations shows massive recovery after China’s crackdown leading to huge exodus from China when 50% of the network’s hashing power went offline in May as reported by on-chain analytics provider Glassnode. Further data shows that the current bitcoin mining profitability is up 275% since before the May 2020 halving, increasing by about 630% compared to June 2020’s lows of around $6 million to $8 million. Read Full on cointelegraph.

– Ethereum’s Record In Transaction Currently Sits Above $6T Within Past 12 Months

Ethereum sets new breakthrough grounds, and incredible data from Messari shows that about $6.2 trillion in transactions were seen in the past 12 months, representing a 369% spike in transaction volume compared to the 2020 record. The price of ethereum also witnessed a price surge through the year, Ethereum is currently priced over $3,400 and showing strong signs of remaining above the price mark, even as it gears up for Eth 2.0 upgrade. Read Full on BeInCrypto.

– Bank Of America Is Bullish On The Entire Crypto Space

Bank of America, the second-largest bank in the United States is popularly known for its criticism and pure anti-crypto statements, describing it as “slow” and “impractical” has now gone bullish on the asset. The bank calls blockchain “the most exciting new market in years”. Bank of America currently shows strong interest in the industry, ranging from cryptocurrencies to decentralized apps, decentralized finance space, stablecoins, and NFTs. Read Full on Decrypt.

– Bitcoin Outperforms Stocks, And Commodities, Becomes 2021’s Best-performing Asset

Officially, Bitcoin is named the best-performing asset of 2021, strongly outperforming macro assets worldwide with year-to-date returns of just under 50%. Data from investment firm NYDIG shows bitcoin holders up by 49% and this is despite all the declines it saw throughout the year amounting to 60% decline from former highs in May. Also, Bitcoin is at least 13% ahead of commodities, and 17% ahead of United States micro-cap companies. Read Full on cointelegraph.

– Popular Investor Bill Miller Compares Bitcoin With Ferrari

Legend Bill Miller talks on bitcoin replacing Gold During the Forbes/Shook Top Advisor Summit. The ex-Legg Mason CIO makes a comparison between the largest cryptocurrency and Ferrari car, However describing Gold as a horse-and-buggy. It’s noted that last June, he called bitcoin “turbo-charged gold.”. He reclaimed his Billionaire status through the help of Bitcoin and Amazon after losing 90%/of his net worth during 2000s crisis. Read Full on U.Today

– America’s fifth-largest bank Is Reportedly Launching Crypto Custody Services

America’s U.S. Bank, the fifth-largest retail bank in the United States announces the launch of a crypto custody service set out for institutional investors and also for the massive mainstream adoption of digital assets. The CNBC reports that the U.S Bank is partnering with New York Digital Investment Group (NYDIG) in order to bring custody services for Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC). Read Full on cointelegraph.

– Ripple Goes Into Partnership With Africa And Middle East’s Largest Financial Institution

San Francisco based fintech provider Ripple goes into partnership with the biggest banking institution in Africa and the MENA region, The national bank of Qatar to facilitate a new Global Cross-Border payments platforms with a a new remittance platform construction on the grounds of Ripple technology. The agreement starts with QNB running a trial RippleNet with QNB Finansbank in Turkey. This project will revolutionize the banking industry. Read Full on U.Today

– Gensler Says SEC Has No Plans To Ban Cryptocurrency Like China

In response to Representative Member Ted Budd’s observations that China has been on a “warpath” against cryptocurrency since 2013, Gary Gensler, Chairman of the U.S. SEC states that the regulatory body has no plans to ban cryptocurrency in the United States. He made this statement in a video conference with the members of the Congress, saying it’s dependent on the congress to restrict crypto and make way for government-backed digital currency. Read Full on Crypto Briefing.