Crypto News Cast 📮 08-11-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $2884 B
📊24h Mcap %: 114.00%
⚠️Bitcoin Dom: 43.40%
📌Active Coins: 6461
📍24h Vol %: 22.60%
💲24h Vol: $114 B
Crypto News Updates :
- $10 Billion Worth Transactions Completed Via China’s Digital Yuan
- Michael Saylor Wants Elon Musk To Sell His Tesla Stock And Buy Bitcoin
- Bitcoin’s Major Upgrade Taproot Closes In
- Shiba Inu Now Has More Followers On Twitter Than Ethereum
- Crypto Markets Estimates To Have Broken Through $3T Combined Market Cap
- Bitcoin Overtakes Tesla By Market Cap, Now On Top Eight Assets
- A Draft Bill Seeks To Allow Brazilians Workers Get Bitcoin Payments
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– $10 Billion Worth Transactions Completed Via China’s Digital Yuan
Mu Changchun, the director-general of the digital currency institute of China’s central bank, the People’s Bank of China (PBOC), shared the adoption progress of the digital yuan at Hong Kong’s Fintech Week conference Wednesday. He revealed that some 140 million people had downloaded the wallet for China’s central bank digital currency (CBDC), the eCNY, as of October. Furthermore, the digital yuan has been used in transactions totaling about 62 billion yuan ($9.7 billion), Reuters reported. Read Full on Bitcoin News.
– Michael Saylor Wants Elon Musk To Sell His Tesla Stock And Buy Bitcoin
Elon Musk took his Twitter game to a whole new level after he posted a poll to let his 62 million followers decide whether or not he should sell 10% of his Tesla stock, which is roughly equivalent to $25 billion. In a follow-up tweet, the Tesla CEO says that he will abide by the results of the poll. MicroStrategy CEO Michael Saylor wasted no time in trying to persuade Musk to splurge all that money on Bitcoin, arguing that it would protect Tesla against inflation. Read Full on U.Today.
– Bitcoin’s Major Upgrade Taproot Closes In
Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of the Taproot upgrade, which aims to improve the network’s privacy, efficiency, and smart contracts capability. Taproot is Bitcoin’s first major upgrade since August 2017, which saw the introduction of Segregated Witness and resulted in the launch of Lightning Network. Read Full on cointelegraph.
– Shiba Inu Now Has More Followers On Twitter Than Ethereum
The official Shib Twitter account has now surpassed 1.8 million followers. The official account of the Ethereum network has 1.7 million followers. After posting insane gains in the second quarter, the meme token has had a resurgence in popularity last month because of an 800% price jump. Shib is still far from being the most popular coin on Twitter. The official account of canine rival Dogecoin is followed by 2.4 million Twitter users. Read Full on U.Today.
– Crypto Markets Estimates To Have Broken Through $3T Combined Market Cap
With Bitcoin trading within 2% of its all-time high while Ethereum and Solana presses towards its previously uncharted price ranges, CoinGecko calculates the combined cryptocurrency market cap to have passed through over $3 trillion for the first time. The total crypto capitalization hits past new highs above its previous record of $2.62 trillion on Oct. 20, also it has seen significant increases of around 14.5% in less than three weeks. Read Full on cointelegraph.
– Bitcoin Overtakes Tesla By Market Cap, Now On Top Eight Assets
As a result of the total market capitalization rally, Bitcoin strikes another milestone mark that places it at the top of the asset heap by capitalization, overtaking Elon Musk’s Tesla and also draws closer to that of silver occupying seventh place with $1.3 trillion. Also, Bitcoin reaching its previous ATH once again, its market capitalization now reaches $1.25 trillion, significantly more than enough to pass Tesla. Read Full on U.Today.
– A Draft Bill Seeks To Allow Brazilians Workers Get Bitcoin Payments
A draft bill to permit Brazilian workers to receive payments in bitcoin was presented to the country’s Deputies Chamber on November 5 according to The author, deputy Luizão Goulart (REPUBLIC-PR) who shared the natural evolution of money as a purpose for his proposal. He believes that Bitcoin is the natural evolution of money, noting how other previous forms compromised on divisibility, durability, scarcity, and salability across time and space. Read Full on Bitcoin Magazine.
