Crypto News Cast 📮 06-01-2021

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $941 B
📊24h Mcap %: 84.50%
⚠️Bitcoin Dom: 67.80%
📌Active Coins: 5104
📍24h Vol %: 8.20%
💲24h Vol: $150 B

Crypto News Updates :

• Charitable Donor Gives 8.48 Bitcoin to WikiLeaks Defence Fund
• About $10 Trillion Transactions Settled On Bitcoin Blockchain Since 2009
• Whales With Wallet Having Over 10,000 BTC crosses 100
• Open Interest On Ethereum Derivatives Hit An All-Time High On Sunday
• Bitcoin World's Largest Cryptocurrency Shots Above $35,000
• JPMorgan Predicts A Long-Term Price Target Of $146,000 For Bitcoin
• Bitcoin Miners Hit $692.32 Million In Revenue In December
• Iconloop secures Government Approval To Manage Drivers License Data With DID

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Charitable Donor Gives 8.48 Bitcoin to WikiLeaks Defence Fund

Whale Alert, blockchain tracker and analytics, spotted a hefty donation of 8.48 Bitcoin (worth $280,000) on Jan 4, 2020, donated to WikiLeaks, an international non-profit organization (NPO) formed for the defense of its estranged founder Julian Assange. The donation came as the British judge ruled to hand over the WikiLeaks founder to the US government. Activists established the WikiLeaks Defence Fund primarily to defend the WikiLeaks founder. Read Full on BeInCrypto.

About $10 Trillion Transactions Settled On Bitcoin Blockchain Since 2009

As Bitcoin breaks milestones, data from Glassnode show that more than $10 trillion in value has crossed the Bitcoin blockchain since launch in 2009. Increased Bitcoin transfer volume was catalyzed by at least two main factors: increased BTC price since 2013 (end-of-year price was about $790) and the gradual increase in trading volume. Since 2017, the total transfer volume has increased to $10 trillion. Read Full on Decrypt.

Whales With Wallet Having Over 10,000 BTC crosses 100

Analytical data from Glassnode shows that the number of wallets holding at least 10,000 BTC (about $313,052,000} or more has surpassed 100 Bitcoin wallets. Also, the number of new Bitcoin wallets also hit a new two-year high with a total of 26,261,542. Block stream CEO admitted that owning 100 BTC is enough to make one a whale. More institutions are trooping into BTC. Skybridge Capital also launched their $310 million Bitcoin fund. Read Full on U.Today

Open Interest On Ethereum Derivatives Hit An All-Time High On Sunday

Data from Block Research showed that open interest on Ethereum option and futures reached a peak of $2.65 billion, 23% from it’s last December peak level. Binance held the largest share of 23% followed by Okex with a share of 17.8% and Huobi’s in 3rd place with 14.4%. Open interest options on Ethereum also reached an all time high on 3rd of January, 2020 at $1.22 billion, with Deribit holding the largest share at 86.8%. Read Full on The Block.

Bitcoin World's Largest Cryptocurrency Shots Above $35,000

Following the upsurge movement since october 2020 the price of Bitcoin has shot up 10.97% in the last 24 hours to mark its new all-time high value of $35,333 a figure that was never seen before. Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. Believers see it as a hedge against dollar weakness and the risk of faster inflation amid huge stimulus injections, and cite growing interest from institutional buyers. Read Full on coinmarketcap.

JPMorgan Predicts A Long-Term Price Target Of $146,000 For Bitcoin

Largest Bank in U.S JP Morgan estimates that Bitcoin could hit a target price of $146,000. Nikolas Panigirtzoglou agrees with the possibility of such enormous gains only When Bitcoin successfully crowds out gold which could happen in the long term irrespective of the expectations of Bulls. Jp morgan believes that hitting the price target of $50000 to $100000 in 2021 is not sustainable but also very achievable. Read Full on U.Today

Bitcoin Miners Hit $692.32 Million In Revenue In December

The Block Research data showed that Bitcoin miners hit $692.32 million in revenue in December. About $68.3 million out of the revenue was accrued from transaction fees. The revenue achieved in December 2020 was the highest generated since January 2018 when Bitcoin miners achieved about $1 billion in revenue. Also, the price of Bitcoin traded around $19,000 in December and hit close to $30,000 towards the end. Read Full on The Block.

Iconloop secures Government Approval To Manage Drivers License Data With DID

Iconloop, an Enterprise blockchain firm secured approval from South Korea government to test its decentralized identity (DID) technology system to manage driver’s license data in South Korea. Iconloop CEO Jonghyup Kim said that the DID platform allows users to manage personal data straight from the Zzeung mobile phone app; this will prevent data forgery and secure data storage. Government agencies and private firms are adopting DID in South Korea. Read Full on cointelegraph.