Crypto News Cast 📮 19-11-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $2591 B
📊24h Mcap %: 83.42%
⚠️Bitcoin Dom: 42.40%
📌Active Coins: 6466
📍24h Vol %: 1.10%
💲24h Vol: $131 B
Crypto News Updates :
- Solana Is Now The Most Staked Crypto Asset By Value
- Polkadot Social Dominance Sits At 2-Month High, While Other Altcoins Fades
- Winklevoss-Led Gemini Wants To Reach $7 Billion Valuation, Conducts Funding Round
- Cash App Announces Plans Supporting Bitcoin Taproot Upgrade By December
- India Plans Reducing GST Paid On Cryptocurrency Exchanges From 18% to 1%
- TIME Plans To Educate The World On Metaverse, Holds ETH
- US City Installs Bitcoin ATM In Airport, As It Adopts Crypto Payment
- Indian PM Encourages Democratic Countries To Team Up On Cryptocurrencies
- Fidelity Receives Approval To Becomes Canada’s First Institutional Bitcoin Custodian
- More Than 500 Merchants Now Accepts SHIB As Payment Option
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– Solana Is Now The Most Staked Crypto Asset By Value
As there’s a massive increase in the Adoption of the cryptocurrency, several investors continue to go into crypto staking to diversify their passive income sources.As per the total value of crypto assets staked as of November 18, Solana (SOL) is the most staked digital asset by value. It records $82 billion staked on the network, relative to 77.37% of eligible tokens, according to information from Staking Rewards, a prominent data source for staking. Read Full on Finbold.
– Polkadot Social Dominance Sits At 2-Month High, While Other Altcoins Fades
As Several cryptocurrencies are having a blood bath, Polkadot (DOT) decides to degy the market trend and emerges as a leading asset that has seen a remarkable spike in interest. DOT is currently mentioned in over 17% of talks connected to the top 100 ranked cryptocurrency assets by market capitalization, thereby, making the discussion rate on DOT highest it’s been in two months as per information by on-chain data provided by Santiment.Read Full on Finbold.
– Winklevoss-Led Gemini Wants To Reach $7 Billion Valuation, Conducts Funding Round
New York-based cryptocurrency exchange Gemini, which is managed and led by the Winklevoss twins, considers to reach a valuation of roughly $7 billion as information by Bloomberg report notes an anonymous source in the know. This means that Gemini will secure billions of dollars in funding. Furthermore, The company wants to conduct a $400 million funding round. However, the sum may be changed since there’s yet no actual agreement on that. Read Full on U.Today.
– Cash App Announces Plans Supporting Bitcoin Taproot Upgrade By December
Cash App shows interest in supporting Taproot, Bitcoin’s latest upgrade, by December 1, withs some benefits like the upgrade’s enhanced privacy features, reduced transaction fees, and better smart contracts featuring on the Taproot Upgrade which went live on the Bitcoin network on November 14 at block 709,632. Cash App, the financial services app owned by Square, released in a statement how they plan to add support to the Taproot Bitcoin upgrade.Read Full on Bitcoin Magazine.
– India Plans Reducing GST Paid On Cryptocurrency Exchanges From 18% to 1%
Information from CNBC TV18 India reports that the nation’s government is considering reorganizing cryptocurrency exchanges as e-commerce platforms, in order to reduce the Goods and Services Taxes (GST) users must pay per transaction, or per trade, to 1%. So, The Indian Government imposes an 18% GST on transactions conducted on registered cryptocurrency exchanges, then passed to users as trading fees. Read Full on cointelegraph.
– TIME Plans To Educate The World On Metaverse, Holds ETH
TIME Magazine is planning on offering exposure and education to the world about the metaverse and as well is putting its money in the space where its mouth is. TIME Magazine, The American magazine and news site, will be holding Ethereum on its balance sheet and then launches a TIME 100 Companies list for the metaverse and a weekly newsletter dubbed ‘Into the Metaverse’. This will be financed by ETH, according to the company’s announcement. Read Full on cointelegraph.
– US City Installs Bitcoin ATM In Airport, As It Adopts Crypto Payment
The North Dakota’s City of Williston is not slowing down on its exploration and adoption of the cryptocurrency industry, especially with the installation of a crypto automated teller machine (ATM) in its international airport. The city’s administration announces the installation of the “government-hosted cryptocurrency kiosk” at the Williston Basin International Airport, giving passengers and non-travelers access to buy and sell 40 digital assets. Read Full on cointelegraph.
– Indian PM Encourages Democratic Countries To Team Up On Cryptocurrencies
After a series of several cabinet meetings, industry debriefings and mounting banking issues, India’s prime minister, Narendra Modi has goes all out to voice out his opinions on cryptocurrencies. During the Sydney Dialogue, Prime Minister Narendra Modi makes proposals and urges democratic countries to try and collaborate together in order to get the most out of cryptocurrencies and blockchain technology. Read Full on cointelegraph.
– Fidelity Receives Approval To Becomes Canada’s First Institutional Bitcoin Custodian
Fidelity Canada has recently received a go ahead order by regulators in order to function as the country’s first bitcoin custodian, as per information by the Globe and Mail reports. The Investment Industry Regulatory Organization of Canada (IIROC) greenlights Fidelity to deploy a new bitcoin trading and custody platform for institutions like pension funds, portfolio managers, mutual funds, and exchange-traded funds (ETFs) for direct exposure to BTC. Read Full on Bitcoin Magazine.
– More Than 500 Merchants Now Accepts SHIB As Payment Option
Meme Cryptocurrency, Shiba Inu use case continues to grow even after the crypto payment gateway platform CoinGate fully integrates the token, thereby giving merchants access to accept SHIB as a payment option. During a blog post, CoinGate revealed that more than 500 merchants currently can now accept SHIB as it’s not fully integrated into the system’s gift card store. Also this enables users to buy SHIB at a 1% rate. Read Full on Finbold.
