Crypto News Cast 📮 26-11-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $2470 B
📊24h Mcap %: -192.38%
⚠️Bitcoin Dom: 41.70%
📌Active Coins: 6466
📍24h Vol %: 18.20%
💲24h Vol: $166 B
Crypto News Updates :
- Japanese Megabanks Teams Up With Consortium To Launch Yen-based Digital Currency
- Recently On Twitter, Adidas Teases A Partnership Deal With Coinbase
- Collins Dictionary In New Announcement, Names NFT Their Word Of The Year
- Paul Beaudry Says Crypto Doesn’t Pose Any Risk To The Economy
- According To Bank Of Russia, Russians Transacts $5B In Cryptocurrency Each Year
- SHIB Now The 5th Most Held Token On The General Ethereum network
- India’s Government Concludes Plans To Regulate Crypto And Not Ban Crypto
- Dog Meme Cryptocurrency, Shiba Inu Records 1 Million Holders Milestone
- Morgan Stanley Increases Bitcoin Exposure, Holds $300M In Grayscale Shares
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– Japanese Megabanks Teams Up With Consortium To Launch Yen-based Digital Currency
A consortium of about 70 Japanese companies, with the country’s biggest financial institutions, teams up for the trial and launch of a new yen-based digital currency in fiscal 2022, pushing a strong signal that the private sector is supporting the blockchain-based payment systems. The new digital currency, dubbed “DCJPY,” will be supported by bank deposits and rely on a common platform to facilitate large fund transfers and settlements. Read Full on cointelegraph.
– Recently On Twitter, Adidas Teases A Partnership Deal With Coinbase
Popular German sports apparel behemoth Adidas has announced on Twitter a partnership deal with Coinbase, which is America’s leading cryptocurrency exchange. Furthermore, The crypto platform replied with the handshake emoji, signifying a confirmation to the deal. Meanwhile, In another tweet, Coinbase welcomed Adidas “to the party.” There are still no further details on the partnership deal yet. Read Full on theblockcrypto.
– Collins Dictionary In New Announcement, Names NFT Their Word Of The Year
The Collins Dictionary has in a recent announcement officially reveals their ten-word annual shortlist for word of 2021, as well as declaring that NFT as their word of the year, surpassing the likes of crypto, metaverse and hybrid working, among others. Although, it’s technically understood to be an abbreviation for nonfungible token. Therefore according to the Collins Dictionary, NFT is the word of the year. Read Full on cointelegraph.
– Paul Beaudry Says Crypto Doesn’t Pose Any Risk To The Economy
Bank of Canada deputy governor Paul Beaudry explains that Cryptocurrencies such as Bitcoin (BTC) do not pose any significant risk or threat to the financial system at their current level of adoption. Paul Beaudry releases statements about the risks to the stability of the Canadian financial system at the Ontario Securities Commission Dialogue 2021 on Tuesday. Notably, Canada is among the firstirst countries to approve a Bitcoin ETF. Read Full on cointelegraph.
– According To Bank Of Russia, Russians Transacts $5B In Cryptocurrency Each Year
Despite Russia becoming a global leader in the crypto market, the Bank of Russia still has doubts about Bitcoin. The Russian people are among the world’s most active participants of the cryptocurrency market. The Bank of Russia released a fresh review on financial stability on Thursday, suggesting that the total annual volumes of crypto transactions of the Russian population is at 350 billion rubles or $5 billion. Read Full on cointelegraph.
– SHIB Now The 5th Most Held Token On The General Ethereum network
Shiba Inu (SHIB), the decentralized meme coin built on Ethereum (ETH), popularly known as a direct competitor to Dogecoin (DOGE), is growing in popularity and currently the fifth-ranked token by the number of holders on the entire network. As per data by Finbold, as of November 24, 2021, SHIB has the fifth-largest number of holders out of a total of 470,782 ERC-20 tokens on the Ethereum network, data tracked by Etherscan.io. Read Full on Finbold.
– India’s Government Concludes Plans To Regulate Crypto And Not Ban Crypto
According to Local media reports, the government of India will regulate crypto as a commodity, prohibit its use as a payment mechanism, then seek to build infrastructure for KYC/AML around fiat gateways. A local CNN Affiliate in-country notes the government plans to regulate crypto and is primarily concerned with its use in the underground economy and terror financing. Thereby, insinuating that an outright ban isn’t in the plan. Read Full on blockworks.
– Dog Meme Cryptocurrency, Shiba Inu Records 1 Million Holders Milestone
Shiba Inu (SHIB) is still increasing in popularity and mainstream media attention, which makes it hit a total of one million token holders because of this growth. The meme currency hits a new milestone on Thursday, November 25, as per data collected by Finbold records that Shiba Inu currently has 1,000,018 token holders as of the time of publication. This is after recording a notable increase in the number of token holders over the last months. Read Full on U.Today.
– Morgan Stanley Increases Bitcoin Exposure, Holds $300M In Grayscale Shares
Investment funds from major U.S. investment bank Morgan Stanley are increasing their exposure to Bitcoin via the purchases of shares of Grayscale Bitcoin Trust. As per filings from the United States Securities and Exchange Commission on Tuesday, the Morgan Stanley Insight Fund tops its holdings of Grayscale Bitcoin Trust, with shares roughly totalling $303 million with 6,626,381 shares as of Sept. 30. Read Full on cointelegraph.
