Crypto News Cast 📮 08-10-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $2314 B
📊24h Mcap %: 16.09%
⚠️Bitcoin Dom: 44.50%
📌Active Coins: 6459
📍24h Vol %: -11.32%
💲24h Vol: $118 B
Crypto News Updates :
- With 50% Daily Spike, Shiba Inu (SHIB) Overtakes Uniswap And Avalanche
- Lightning Network’s Total Value Locked Hits Over 1,000% Increase A Year
- Bitcoin Market Cap Could Break Between $50T To $150T Soon
- Ripple Rival Stellar Goes On To Close A Partnership Deal With MoneyGram
- Bitcoin Realized Market Cap Hits $400 Billion, Setting Another All-Time High
- Raoul Pal Thinks Crypto Will Become The Largest Generation Of Wealth
- WisdomTree CEO Says Blockchain Might Disrupt The Financial Industry Like ETFs
- Mike Novogratz Says Bitcoin’s Market Cap Will Surpass Gold’s In Few Years
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– With 50% Daily Spike, Shiba Inu (SHIB) Overtakes Uniswap And Avalanche
Memecoin, Shiba Inu (SHIB) surges into the twelfth spot in the crypto market capitalization charts. This is due to over 50% gains in the last 24hours. It now has a market cap of just under $15 billion while sitting above Binance’s stablecoin, BUSD according to coingecko. SHIB surged to $0.0000336 price mark this Morning, with a market cap bigger than that of Uniswap, Avalanche, Litecoin, and Chainlink. Read Full on CoinGecko.
– Lightning Network’s Total Value Locked Hits Over 1,000% Increase A Year
There’s remarkable growth recorded for The Lightning Network (LN), which allows low-cost peer-to-peer transactions on top of Bitcoin (BTC). This growth is in payment channels and locked BTC in the last year. The Total Value Locked (TVL) in the Bitcoin Lightning Network is seeing 1,273% increase in a year, amounting to $165 million. This shows an increase from $12.05 million in October 2020 to $165.55 million on October 7, 2021. Read Full on Finbold.
– Bitcoin Market Cap Could Break Between $50T To $150T Soon
The global cryptocurrency market cap is sitting at about $2.4 trillion with the largest crypto asset bagging $1 trillion market cap again this week as Bitcoin price spikes above $55,000. However, Kraken Growth Marketing Director Dan Held goes ahead to say that what is seen is just the tip of the iceberg. He goes on to say that if bitcoin succeeds as a global reverse that it should sit at $50 trillion to $150 trillion market cap size. Read Full on Blockworks.
– Ripple Rival Stellar Goes On To Close A Partnership Deal With MoneyGram
The Stellar Development Foundation, a Delaware nonprofit corporation supporting the development of the Stellar protocol, cut a partnership with Dallas-based money transfer company MoneyGram, where USD Coin will handle fast payments as a bridge currency. This project will be set for launch in the fourth quarter of the year, it’s for front-end experience and not just on-demand liquidity alternatives. XLM spikes over 15% due to this announcement. Read Full on U.Today
– Bitcoin Realized Market Cap Hits $400 Billion, Setting Another All-Time High
The realized market capitalization of bitcoin, which is a measure of the average cost basis for all bitcoin on the network, just hit a new all-time high, surpassing the $400 billion mark. Ultimately, this means that the bitcoin realized price is at $21,250 and this is because of massive inflow into the market as everyone wants to be part of the network and therefore placing high bets in the market. Read Full on Bitcoin Magazine.
– Raoul Pal Thinks Crypto Will Become The Largest Generation Of Wealth
As The global cryptocurrency market cap hits $2.31 trillion, Real Vision CEO and macro guru Raoul Pal in a recent interview with Anthony Pompliano explains how the crypto market is growing rapidly, more than the internet did. He notes that the crypto market is still at its early stage and therefore has more room to grow and also believes crypto market cap will spike by 100x increase to match other sectors like equities, bonds, and real estate. Read Full on The Daily Hodl.
– WisdomTree CEO Says Blockchain Might Disrupt The Financial Industry Like ETFs
During an interview at Blockworks’ Digital Asset Summit last month, WisdomTree CEO Jonathan Steinberg says that Blockchain technology can interrupt traditional financial services exactly how ETFs have disturbed mutual funds. According to Jonathan, the crypto space will gain mainstream adoption once the regulatory issues around it are resolved. WisdomTree is currently awaiting its bitcoin ETF approval from the SEC. Read Full on Blockworks.
– Mike Novogratz Says Bitcoin’s Market Cap Will Surpass Gold’s In Few Years
Galaxy Digital CEO Mike Novogratz makes bitcoin predictions during his Oct. 7 appearance on CNBC, saying that the largest cryptocurrency’s market cap will overtake Gold’s in a few years to come. Recently, Bitcoin’s market cap reclaimed the $1 trillion mark on Oct. 6 after its price hit $55k, however that amounts to about 12% of Gold’s Market Cap. Novogratz confirms that US Bitcoin and Ethereum ETFs will be approved but didn’t disclose when. Read Full on U.Today
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