Crypto News Cast ? 18-07-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
?MarketCap: $1281 B?24h Mcap %: -0.25%⚠️Bitcoin Dom: 45.90%?Active Coins: 6453?24h Vol %: -3.46%?24h Vol: $51 B
Crypto News Updates :
Bitcoin $15 Trillion Transfer Volume Surpasses 70% of U.S. GDP
Coinbase Co-founder Says Crypto Offers More Freedom and Opportunity
New Initiative Targeted Towards Bringing Crypto Mining To Russia
U.S. Department of State Offers Cryptocurrency in Rewards for Justice Program
Dolce & Gabbana Makes History As It Launches NFT Wearables
Tim Draper Maintains Bitcoin Will Hit $250,000 Influenced By Inflation
El Salvador Considers Launching The Country’s Stablecoin By 2021
Pakistan State Grows A Welcoming Interest Around Cryptocurrencies From Financial Institutions
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– Bitcoin $15 Trillion Transfer Volume Surpasses 70% of U.S. GDP
Glassnode analytical data shows that the Bitcoin transfer volume for 2021 has hit $15.8 trillion surpassing 70% of the United States Gross Domestic Product of $22.24 trillion. Bitcoin transfer volume data represents total amount of Bitcoin transferred on-chain for successful transactions in 2021. The value of Bitcoin transferred On-chain increased when the value of Bitcoin hit high peaks before the May decline. Read Full on Finbold.
– Coinbase Co-founder Says Crypto Offers More Freedom and Opportunity
Brian Armstrong, co-founder and CEO of Coinbase exchange, opined in a Twitter thread on Thursday that digital assets like Bitcoin is “simply providing an alternative for people who want more freedom.” This was his response to a recent attack on crypto by Dogecoin (DOGE) co-creator Jackson Palmer on Twitter. He pointed that cryptocurrencies provides more financial opportunities to ordinary people than fiat currencies and its regulatory system. Read Full on cointelegraph.
– New Initiative Targeted Towards Bringing Crypto Mining To Russia
Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB) announced plans to launch an initiative targeted at making global computing resources available for crypto mining in Russia. RACIB is currently working side by side with the Russian government authorities and state corporations. Also, different Joint working groups including local state structures are on-board to launch the initiative. Read Full on cointelegraph.
– U.S. Department of State Offers Cryptocurrency in Rewards for Justice Program
U.S. Department of State’s Rewards for Justice (RFJ) program will offer a reward of up to $10 million for information on any suspicious and harmful online activity against “U.S. critical infrastructure in violation of the Computer Fraud and Abuse Act (CFAA).” This is to bring international criminals who threaten to terrorize the nation. Reward payments may include payments in cryptocurrency according to the announcement from the department. Read Full on Bitcoin News.
– Dolce & Gabbana Makes History As It Launches NFT Wearables
Dolce & Gabbana becomes the first high-end fashion house to launch its NFT wearables called ‘Collezione Genesi’ (Genesis collection) in partnership with digital marketplace UNXD. Buyers will have to fill in a mailing list form in preparation for the launch and will be given „early access” NFTs if they invite their friends. It will be promoted at Alta Moda, Alta Sartoria and Alta Gioielleria shows in Venice between August 28 and 30. Read Full on Decrypt.
– Tim Draper Maintains Bitcoin Will Hit $250,000 Influenced By Inflation
The Billionaire Tim Draper, a stand out investor who has offered support to Tesla, Skype, Hotmail, Twitter, Coinbase and other prominent companies with his money, still maintains his opinion of bitcoin hitting $250,000 by the end of 2022 or early 2023. He added that bitcoin will see massive adoption as it will offer solution against inflation in the US and other developing countries. Read Full on U.Today
– El Salvador Considers Launching The Country’s Stablecoin By 2021
El Salvador’s government has intention to develop a native cryptocurrency now called Colón-Dollar, users can now pay for services with the currency. According to information released by Ibrajim and Yusef Bukele, the brothers of the country’s president, Nayib Bukele, it will be produced by the Central Reserve Bank, backed by a reserve of US dollars, and connected with the government wallet, Chivo. Read Full on Finbold.
– Pakistan State Grows A Welcoming Interest Around Cryptocurrencies From Financial Institutions
Governor Reza Baqir said in April that The State Bank of Pakistan is studying cryptocurrencies and aslo the market is becoming more welcomed in the state, as more financial institutions taking cryptocurrency seriously. The Lahore University of Management Sciences' $4.1 million grant in February will be used in studying the technology from Stacks, a blockchain network connecting the Bitcoin network to apps and smart contracts. Read Full on BeInCrypto.