Crypto News Cast For October 13th 2021 ?

On-chain analytics provider Glassnode report notes that long-term Bitcoin holders are not selling off their holding, despite BTC markets showing an uptrend bullish run for five-month now. The report notes that BTC wallets without outflows for over 155 days are currently about 13.3 million BTC, representing 70% of Bitcoin’s supply. This means that long-term holders increased their collective bag by over 2.37 million BTC within the past 7 months. Read Full on cointelegraph.

– As Investors Rushes Into Bitcoin, Institutional Crypto Products Records AUM
CoinShares’ October 12 Digital Asset Fund Flows Weekly report, reveals that over $226 million in capital entered into institutional Bitcoin (BTC) products last week. This means, Bitcoin products dominated inflows for a third consecutive week, showing a week-over-week increase of 227%. Combined assets under management (AUM) of institutional crypto products pushed up to $66.7 billion last week, 5% lesser than May records. Read Full on cointelegraph.

– By 2023, About 45% of Consumers Will Use Crypto for Payments
An information technology company, The Capgemini Research Institute conducted a recent study that shows that crypto payment method adoption is positioned to spike within the next two years. Also, they highlight that less than 10% of consumers around the world currently use cryptocurrencies for payments, while the target for the next 1year – 2years is estimated at 45% of customers will use crypto as payment. Read Full on The Daily Hodl.

– Swiss Think Tank Uses Vote To Add Bitcoin In Ferdeal Consistitution
According to a Friday announcement, 2B4CH, a Swiss non-profit think tank which helps the state in exploring cryptocurrencies like Bitcoin (BTC) and blockchain technology, is deploying an innovative technology that would make Bitcoin one of the country’s reserve assets. This will be possible by collecting 100,000 signatures for the introduction of Bitcoin to article 99 clause 3 of the Swiss federal constitution. Read Full on cointelegraph.

– XRP Records Huge Success As Active Addresses Hit New All-Time High
Ripple continues to thrive despite having a lawsuit with the U.S. Securities and Exchange Commission, Ripple’s native token XRP is currently seeing massive usage increase. In this week, the number of active XRP addresses hit a new all-time high of more than 85,000 unique addresses, representing an 836.13% increase from last year according to data from Messari. This is due to Ripple’s recent partnerships, like Qatar National Bank Group (QNB Group).Read Full on ZyCrypto.

– Bitcoin Records 3x Higher October Average Trading Volume Than Apple, Microsoft, Amazon
Bitcoin is growing to become a major competitor in the finance industry, Data from Finbold by cryptocurrency trading simulator Crypto Parrot shows that Bitcoin amassed an average daily trading volume of $36.7 billion within October 1 to October 11. While Tesla had $14.64 billion, Apple’s $10.98 billion, Amazon’s volume was $9.09 billion, meaning four times less than Bitcoin’s. Also, Microsoft’s trading volume was $7.13 billion. Read Full on Finbold.

– Wix’s E-Commerce Platform Announced Launching New Payments Options Featuring Dogecoin
In order to gain more expansion and new users, Israeli web development service Wix, which has 210 million users worldwide announced partnership with cryptocurrency payments processor BitPay. Also, it’s eCommerce platform is adding crypto payments options, including the joke cryptocurrency Dogecoin. This will bring in more merchants to attract new cryptocurrency-friendly clients, the rollout will be in phases as indicated by Wix’s Omer Shatzky. Read Full on U.Today.

– Binance Announces $1Billion Growth Fund Launch For Binance Smart Chain
As announced by Crypto exchange operator Binance on Tuesday, it has successfully launched a $1 billion fund for the Binance Smart Chain (BSC) ecosystem development. Categorically, the funds are divided into four; Talent development( worth $100 million), liquidity incentive program(worth $100 million), builder program(worth $300 million), and investment and incubation program(worth $500 million), this indicates massive growth for BSC. Read Full on theblockcrypto.

– SHIB Records More Twitter Mentions When Compared To Bitcoin, Ethereum, DOGE
As at Oct 11, SHIB records 419 Twitter mentions within just an hour according to a tweet by CoinTrendz, indicating the meme cryptocurrency Shiba Inu (SHIB) is getting more mentions ahead of Bitcoin, Ethereum, Dogecoin, ADA and other altcoins. Also this includes those that are on the top 10 list with Bitcoin getting only 307 mentions, followed by Ethereum’s 188 mentions, then Anyswap got 176 mentions, finally Doge got 134 mentions. Read Full on U.Today.