Crypto News Cast For October 5th 2021 ?

Crypto News Cast 📮 05-10-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $2179 B
📊24h Mcap %: -15.05%
⚠️Bitcoin Dom: 43.20%
📌Active Coins: 6459
📍24h Vol %: 5.10%
💲24h Vol: $111 B

Crypto News Updates :

Bitcoin’s $100k target Is Possible Despite Deep Corrections From China’s Ban
El Salvador Records 3 Million Bitcoin Users On Chivo Wallet
Vault Digital Funds Releases First Bitcoin Investment Fund In New Zealand
$0.20 Per Gallon Fuel Subsidy For Salvadorans Paying In BTC
Shiba Spikes 20% In A Week As Whale Buys Over 6Trillion SHIB
Visa Is Working On A System That Allows Interconnection Across Blockchains
Grayscale Report Argues Cardano May Be Undervalued, Compares Ethereum And Bitcoin
Brazilian Federal Deputy Says Brazilians Will Soon Use Bitcoin For Transaction
Bitcoin Overtakes Facebook In Market Capitalization, Asset Dash Shows

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– Bitcoin’s $100k target Is Possible Despite Deep Corrections From China’s Ban

Speaking to Kitco News, Florian Grummes, the managing director of financial consultancy firm Midas Touch Consulting explains why he thinks bitcoin will hit the $100,000 mark, despite deep retracements after China’s Ban on cryptocurrency trading. Grummes explains that the market is only in panic stage and will rise massively afterwards, adding that many people will go into bitcoin when they discover the risk with central Bank’s initiative. Read Full on Finbold.

– El Salvador Records 3 Million Bitcoin Users On Chivo Wallet

In a Sunday evening tweet, El Salvador’s President Nayib Bukele confirms that the country has recorded over 3 million users in its chivo wallet app in just 26days. This means that nearly half of the country’s 6.48 million population have received their $30 worth of Bitcoin within the first month of the government rolling it out as a legal tender. Currently, the government of El Salvador alone has a bag of 700 Bitcoin, worth over $33 million. Read Full on Bitcoin Magazine.

– Vault Digital Funds Releases First Bitcoin Investment Fund In New Zealand

New Zealand investors now have a new fund called Vault International Bitcoin Fund, where they will have access to include the asset class to their portfolio without necessarily having to own it as narrated by Janine Grainger, Co-Founder of Vault Digital Funds. Darcy Ungaro, host of the NZ Everyday Investor and authorized financial advisor also goes on to add that locals have been showing much interest in cryptocurrency despite assumptions that bitcoin is a scam. Read Full on CryptoPotato.

– $0.20 Per Gallon Fuel Subsidy For Salvadorans Paying In BTC

El Salvador isn’t slowing down on its bitcoin move and adoption strategies. Recently Salvadoran president Nayib Bukele announced through a tweet that local consumers gets $0.20 per gallon reduction in petrol prices once the payment is done through the government-backed Bitcoin wallet, Chivo while describing the news as “positive news for the pockets of Salvadorans”. Bukele goes on to explain that this will stabilize the country’s gas price. Read Full on cointelegraph.

– Shiba Spikes 20% In A Week As Whale Buys Over 6Trillion SHIB

The price of Shiba Inu (SHIB) has seen a sharp increase in recent weeks, being influenced by the popular Coinbase listing, recording more than 20% increase in this week alone. Also, on September 30, a SHIB whale acquired 6,178,758,122,373 SHIB ($43,838,916), the same Whale on Saturday bought 116 billion coins, then 159 billion coins, and lastly 1 billion SHIB coins in just few hours, amounting to a total 276 billion SHIB bought in the same day. Read Full on Finbold.

– Visa Is Working On A System That Allows Interconnection Across Blockchains

In a recent blog post, Global payments Giant Visa announced on launching a system that can permit the transfer of digital currencies across multiple blockchains i.e. multiple blockchain networks connection, in a concept called a “Universal Payment Channel” (UPC). This will contain the huge number of digital currencies and also the importance for a unified network, this will offer a wide customer experience. Read Full on The Daily Hodl.

– Grayscale Report Argues Cardano May Be Undervalued, Compares Ethereum And Bitcoin

A recent research report by Grayscale, the world’s largest digital currency asset manager suggests that Cardano may be undervalued considering its growth in the last 12 months, especially when compared with Bitcoin and Ethereum. It’s noted that Cardano is currently a direct competitor to other smart contract platforms such as Ethereum, Solana, Avalanche, and Polkadot after launching smart contract functionality with its Alonzo upgrade Read Full on Crypto Briefing.

– Brazilian Federal Deputy Says Brazilians Will Soon Use Bitcoin For Transaction

Bitcoin adoption is set to take another step in Brazil, the nearby nation to El Salvador. According to Federal Deputy Aureo Ribeiro, Brazilians will now be able to acquire houses, cars, and McDonald’s using the world’s largest cryptocurrency, that’s possible due to the passing of Bill 2.303/15 last Wednesday, which is targeted to bring about a legal framework for virtual currencies. Aureo Ribeiro believes this will attract foreign investment. Read Full on Cryptoslate.

– Bitcoin Overtakes Facebook In Market Capitalization, Asset Dash Shows

Bitcoin isn’t showing any signs of slowing down, despite seeing harsh criticisms and price down, especially with China’s crackdown. According to Asset Dash, the largest cryptocurrency continues hitting new milestones as seen in surpassing Facebook in market capitalization with $929,014,620,160 while Facebook sits at $922,755,321,385. Facebook now becomes another massive Kill on Bitcoin’s path towards being the world’s most valuable asset. Read Full on Bitcoin Magazine.

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