Crypto News Cast 📮 12-06-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1130 B
📊24h Mcap %: -9.68%
⚠️Bitcoin Dom: 47.40%
📌Active Coins: 4541
📍24h Vol %: 3.80%
💲24h Vol: $78 B
Crypto News Updates :
- Fidelity Investments CEO Believes Bear Market Are Opportunities To Go All Into Crypto
- Grayscale CEO Says Pension Funds Are Aggressively Looking Into Investing Into Bitcoin
- CZ Attends Palau’s Launch Of Digital Residency Program Backed By BNB Chain
- Mike Novogratz Predicts Next Crypto Cycle Will Begin In Q4 2022
- Cardano’s ADA Joins List Of Most Sought-after Assets Among Top BSC Whales
- Over 64% Of People Acquire NFTs Just For The Purpose Of Profit
- MoneyGram Launches Stellar Network Crypto-to-Cash Service For Users
- Bitcoin Will Skyrocket By Over 700% To Reach $250,000
- Grayscale And Bitwise Are Certain A Bitcoin ETF Will Be Approved Soon
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– Fidelity Investments CEO Believes Bear Market Are Opportunities To Go All Into Crypto
Abigail Johnson, the Chief Executive Officer (CEO) and Chairman of Fidelity Investments, is unfazed by the recent drop in the cryptocurrency market. Despite everyone’s withdrawal from the market, the Fidelity CEO sees it as an opportunity to go all-in. Johnson’s fascination with Bitcoin dates back to 2014, when she began mining the digital money, which baffled Fidelity’s finance department. Read Full on Finbold.
– Grayscale CEO Says Pension Funds Are Aggressively Looking Into Investing Into Bitcoin
More pension funds are looking into diversifying their portfolios to include cryptocurrencies, according to Michael Sonnenshein, CEO of digital asset management firm Grayscale Investments. Despite the present market correction, Sonnenshein stated that interest in assets such as Bitcoin as a portfolio diversifier is growing. When looking at the sector from a long-term perspective, volatility, according to the CEO, is not the key concern affecting investors. Read Full on Finbold.
– CZ Attends Palau’s Launch Of Digital Residency Program Backed By BNB Chain
The Republic of Palau said that it will issue non fungible tokens (NFTs) as identification cards to its digital residents on Binance’s BNB Chain blockchain. Changpeng Zhao (CZ), the founder and CEO of Binance, was in Palau for the presentation of the NFTs and a meeting with President Surangel S. Whipps, Jr. Know Your Customer (KYC) functionality, access to digital banking, and other uses are planned for the new RNS ID NFTs. Read Full on cointelegraph.
– Mike Novogratz Predicts Next Crypto Cycle Will Begin In Q4 2022
Mike Novogratz, the chief operating officer of crypto investment firm Galaxy Digital, believes that the Federal Reserve will have to take a step back in order for the cryptocurrency market to recover. He believes that by the fourth quarter, the economy will have slowed to the point where the Fed will announce a pause, and the new crypto cycle will begin. Then Bitcoin will separate from stocks and take the lead in the markets. Read Full on Finbold.
– Cardano’s ADA Joins List Of Most Sought-after Assets Among Top BSC Whales
ADA wrapped on BNB Chain has joined the top ten list of most acquired digital currencies on this network, according to WhaleStats, an on-chain data aggregator. Cardano’s ADA, which is wrapped in the BSC chain, is currently ranked fifth among the top ten most acquired digital currencies. The total amount of ADA held by whales is $19,171,741. BNB, ETH, and BUSD, as well as BSC-USD, are all ahead of it on that list. Read Full on U.Today.
– Over 64% Of People Acquire NFTs Just For The Purpose Of Profit
According to a new poll, 64.3 percent of the 1,318 persons surveyed claimed the primary reason they buy NFTs is to make money. According to the poll, the second most common reason people buy NFTs is to join a community and flex. This is the key motivation for 14.7 percent of survey respondents to purchase particular NFTs. Digital art collectors account for 12.4% of all poll respondents. Read Full on Finbold.
– MoneyGram Launches Stellar Network Crypto-to-Cash Service For Users
MoneyGram, based in Dallas, has announced the debut of a crypto-to-cash service in collaboration with the Stellar Development Foundation (SDF). The program is now available in a number of key remittance markets, including the Philippines and the United States. More countries are likely to join by the end of the year. Users will be able to convert fiat monies into cryptocurrency tokens, such as US dollars or euros. Read Full on U.Today.
– Bitcoin Will Skyrocket By Over 700% To Reach $250,000
Jan van Eck, the CEO of global investment management VanEck, expressed optimism about Bitcoin’s valuation. According to the CEO of VanEck, Bitcoin may rise by 732 percent from present values to reach $250,000. According to Van Eck, Bitcoin’s market capitalization will be roughly 50% of gold’s market capitalization at the six-figure price, which he predicts will take decades to achieve. Read Full on The Daily Hodl.
– Grayscale And Bitwise Are Certain A Bitcoin ETF Will Be Approved Soon
Officials from investment firms Grayscale and Bitwise are optimistic that the US SEC will approve a spot bitcoin exchange-traded fund (ETF) soon. The deadlines for Grayscale and Bitwise spot bitcoin ETF applications are approaching. Grayscale’s application to convert GBTC to an ETF is currently open for public comment, with the SEC’s decision expected on July 6 while Bitwise application has a June 29 deadline. Read Full on coindesk.
