Crypto News Cast 📮 05-11-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $2705 B
📊24h Mcap %: 24.68%
⚠️Bitcoin Dom: 42.60%
📌Active Coins: 6461
📍24h Vol %: -16.20%
💲24h Vol: $117 B
Crypto News Updates :
- Pixlr Announces The Launch Of Its Largest Decentralized Art Museum
- Survey Shows Low Paid Workers Quitting Jobs Due To Crypto Profits
- India’s Leading IT Firm Explores BTC Offering Once Crypto Is Legalized
- Total Value Locked In Defi Hits $250Billion, Records 25% Increase In 2Weeks
- Solana Now Ranks The World’s Fourth-Largest Cryptocurrency, Overtaking Cardano
- Binance Uses $115M To Fund An European Crypto Ecosystem In France
- Number Of Active Bitcoin Addresses On The Network Surpasses 1 million
- Two US Congressmen Send Letter To SEC Asking For Spot Bitcoin-ETF
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– Pixlr Announces The Launch Of Its Largest Decentralized Art Museum
The Photo editing and design ecosystem Pixlr declares its first foray into the trendy segment of digital collectibles while leveraging the majority of mainstream NFT use cases in building the world’s largest NFT art museum and movement. Notably, Pixlr as an iconic image-editing product used by tens of millions of users, releases its first large-scale initiative in the segment of non-fungible tokens (NFTs), Pixlr Genesis. Read Full on U.Today.
– Survey Shows Low Paid Workers Quitting Jobs Due To Crypto Profits
Recent Data reveals that some low-paid members of the workforce are quitting their jobs after making massive le-changing crypto profits, according to Analytics firm Civic Science posted survey results (weighted according to U.S. census data) on Nov. 1. The result shows that 4% of 6741 respondents aged 18 and over had stopped their jobs in the past year due to “financial freedom” through crypto investments. Read Full on cointelegraph.
– India’s Leading IT Firm Explores BTC Offering Once Crypto Is Legalized
The Top Leading digital payments provider Paytm considers offering Bitcoin once India’s government finalizes regulatory uncertainties around cryptocurrency use. According to Paytm’s Chief Financial Officer, Madhur Deora, Paytm, India’s second most valuable internet firm with an estimated market value of $16 billion is considering Bitcoin offerings as a payment option if it becomes “fully legal” in the country.Read Full on Bloomberg.
– Total Value Locked In Defi Hits $250Billion, Records 25% Increase In 2Weeks
The total value locked (TVL) in DeFi has hit an all-time high, touching $253.94 billion on November 3, 2021, already, On October 12, Bitcoin.com News reported the DeFi TVL surpassing $200 billion and in two weeks the value has seen 25% increase. Notably, this is because crypto assets like ethereum (ETH), solana (SOL), and avalanche (AVAX) have seen significant gains, with TVL on the Ethereum blockchain doing 67% or $171.24 billion. Read Full on Bitcoin News.
– Solana Now Ranks The World’s Fourth-Largest Cryptocurrency, Overtaking Cardano
Solana has surpassed both Cardano and Tether as interest in the SOL token continues growing among investors as It hit a new high of $249.64 Wednesday while other assets also jumped. So, The high-speed blockchain is now the fourth-largest cryptocurrency by market capitalization after both Cardano and Tether in the past week, also this recent move is linked to be part of a wider trend boosting Layer 1 assets. Read Full on Crypto Briefing.
– Binance Uses $115M To Fund An European Crypto Ecosystem In France
Global crypto exchange Binance is launching a 100-million euro ($115 million) initiative to build the blockchain and crypto ecosystem in France and Europe, according to Binance CEO Changpeng “CZ” Zhao announcement while speaking with French Minister Cédric O at the French Ministry of Finance in Paris. Binance’s new initiative is dubbed “Objective Moon,” in collaboration with the local financial technology association France FinTech. Read Full on cointelegraph.
– Number Of Active Bitcoin Addresses On The Network Surpasses 1 million
Bitcoin’s (BTC) daily active address record is a credible indicator of the digital asset’s prospected price movement, as the price of BTC historically rising because of an increase in the total number of addresses interacting on the network. Currently, the number of active Bitcoin addresses on the network has surpassed 1 million, according to Blockchain analytics firm Santiment, as Bitcoin shows record for the fifth day in a row this week. Read Full on Finbold.
– Two US Congressmen Send Letter To SEC Asking For Spot Bitcoin-ETF
The Securities and Exchange Commission (SEC) Chairman Gary Gensler receives a letter written by two U.S. Congressmen, Tom Emmer (MN-06) and Darren Soto (FL-09), asking for the approval of a spot bitcoin exchange-traded fund (ETF) to start trading in the country. They urge the SEC to allow trading to commence in ETFs based on spot Bitcoin, saying Bitcoin spot ETFs are based directly on the asset, which provides more protection for investors.Read Full on Bitcoin Magazine.
