Crypto News Cast For October 16th 2021 ?

According to a full transcript released by state-run Xinhua news agency, Chinese President Xi Jinping announced at the United Nations Global Sustainable Transport Conference that the country needs to support an innovation-driven strategy and then mentioned the integration of blockchain. Xi mentioned the integration of technologies such as big data, the internet, Ai and Blockchain with the transport sector will guarantee easier movement. Read Full on Forkast.

– A $69 Billion Australian Pension Fund Is Currently Exploring Cryptocurrencies

Financial Times reports That Queensland Investment Corporation, the fifth-largest Australian pension fund is exploring cryptocurrencies. However, QIC’s director and head of currency, Stuart Simmons says that the government-owned company will not invest much because of lack of regulatory clarity about cryptocurrencies in Australia. Still, this move by the $69 billion pension fund will change irrevocably for the industry. Read Full on U.Today.

– Ripple Supports The Development Of Digital British Pound CBDC

During a press statement, Ripple announces joining the development of a digital pound by partnering with the Digital Pound Foundation, a non-profit organization that assists in facilitating the rollout of Central Bank Digital Currency in the United Kingdom. The firm will be represented at the Foundation by Susan Friedman, who is also the Head of Policy, also this will show the height of the country’s support for innovation in crypto space. Read Full on Finbold.

– Mark Cuban Describes Ethereum To Have The Most Upside Potential

The American billionaire Mark Cuban, while in a recent interview for CNBC, urges newbies in the cryptocurrency industry to choose Ethereum (ETH) as an investment asset class, describing it as the biggest upside potential. Also, Cuban who in the past says it is easier to trade bananas than bitcoin, now calls it a better financial instrument than gold and also goes on to say that the largest cryptocurrency asset is better than gold. Read Full on CryptoPotato.

– Morgan Creek Capital CEO Describes Bitcoin As The Best Form Of Money

Mark Yusko, CEO of Morgan Creek Capital says in an interview with Cointelegraph that Bitcoin is the best form of money, also will be the foundation structure of the internet of value. Mark says that Bitcoin will consume all of gold’s market cap, while pushing the BTC price to $500,000. Also, He predicts BTC to be worth around $250,000 within the next few years, while set to increase five-fold as it closes in on the “liquid” supply of gold at $4 trillion. Read Full on Bitcoin Magazine.

– Billionaire Barry Owns Bitcoin And Ethereum As A Hedge Against Inflation

Barry Sternlicht, the Co-Founder of the investment fund Starwood Capital Group reveals during a recent interview with CNBC that bitcoin is a financial tool and can assist against the mass printing of fiat currencies. Also, Barry notes that he owns some of the asset due to its maximum supply of 21 million and goes on to describe the largest cryptocurrency as a store of value, calling it its only real purpose. Read Full on Bitcoin News.

– XRP Ranks First In the UK Retail Crypto Market, Followed By Cardano

According to reports by eToro, retail investors in the U.K. are currently giving more attention to the sixth-largest cryptocurrency, XRP by putting more of their funds in the assets than any other digital assets. XRP now ranks the number one crypto in the U.K. retail crypto market with a year-on-year growth in ownership by 105% increase. While, Cardano’s ADA ranks second in the British investor’s radar after XRP. Read Full on U.Today.