Crypto News Cast 📮 27-10-2020

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24hours Cryptocurrency Market Cap:

📈MarketCap: $405 B
📊24h Mcap %: 5.29%
⚠️Bitcoin Dom: 62.10%
📌Active Coins: 4,456
📍24h Vol %: -8.10%
💲24h Vol: $99 B

Crypto News Updates :

• Bitcoin Addresses Holding Over 1,000 BTC Hits All-Time High
• Privacy Centric Monero (XMR) Hits 2-Year High
• Anthony Pompliano Claimed Bitcoin Is The Ultimate Safe Haven
• China's Central Bank Executive Says It's CBDC Will Work With WeChat & Alipay
• Now Toyota Motor Corporation Is Moving Into Crypto
• Head of Facebook Financial: Banks Will Support Bitcoin And Cryptocurrencies
• Bitcoin Empowered People For One Of The Largest Nigerian Protest
• One Of The Indian Bank Will Offer Crypto Services
• Breaking: Singapore's Largest Bank DBS Will Launch Crypto Exchange

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Bitcoin Addresses Holding Over 1,000 BTC Hits All-Time High

According to data published by Glassnode, the total number of Bitcoin addresses with a balance of 1,000 Bitcoins or over has hit a new all-time high. Yesterday, the total number of Bitcoin addresses holding over 1,000 BTC hit 2,231, with the Bitcoin price at the time given at $13,025. The previous record was set just a couple of days earlier on October 23, when the total number of Bitcoin addresses holding over 1,000 reached 2,229. We could see this trend actually increase over time, as more and more high net worth individuals look for safe havens against fiat currencies across the globe. Read Full on Decrypt

Privacy Centric Monero (XMR) Hits 2-Year High

The privacy-centric monero (XMR) continues to rally despite lingering regulatory concerns. The cryptocurrency rose to $139 early Monday, the highest level since September 2018, according to data compiled on the CoinDesk 20. At press time, monero was changing hands at $135, up 200% on a year-to-date basis. A month ago, the U.S. Internal Revenue Service (IRS) announced a bounty to anyone who can develop solutions to trace monero's transactions. Regulatory scrutiny has likely garnering more attention for monero amid an upward-trending broader market. Read Full on CoinDesk

Anthony Pompliano Claimed Bitcoin Is The Ultimate Safe Haven

In a series of tweets on Oct. 26, the Morgan Creek Digital co-founder, Anthony Pompliano took critics to task over their accusations that Bitcoin was a poor store of value. Pompliano uploaded a chart from behavior analysis platform Santiment, which showed Bitcoin hitting 0 for 30-day correlation with the S&P 500. Continuing, Pompliano highlighted Bitcoin beating macro asset returns since the Coronavirus crash in March this year. According to him bitcoin outperformed stocks, bonds, gold, oil, and pretty much everything else. He summarized, “Bitcoin is the ultimate safe haven & the market is proving it.” Read Full on twitter

China's Central Bank Executive Says It's CBDC Will Work With WeChat & Alipay

Mu Changchun, the head of the People's Bank of China's digital currency research institute, said that the forthcoming central bank-backed digital yuan will be compatible with major mobile payment wallets within the country. The two digital wallets had a combined 94 per cent share of the country’s mobile payments industry in the second quarter, according to iResearch. The digital yuan is currently accessible to limited users through an exclusive mobile wallet application. Read Full on cointelegraph

Now Toyota Motor Corporation Is Moving Into Crypto

Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese crypto exchange DeCurret to develop a branded Toyota digital currency. The large-scale pilot will involve 2,500 employees at Toyota Systems. The platform will feature digital currency payments for benefits. As per announcement, participating employees will be able to exchange the digital currency for benefits points or gifts from a catalog. Toyota Systems noted that the digital currency cannot be exchanged for Japanese yen. Read Full on cointelegraph

Head of Facebook Financial: Banks Will Support Bitcoin And Cryptocurrencies

Former PayPal president and head of Facebook Financial, David Marcus, has taken to Twitter to share his thoughts on the recent steps that major IT and payment companies have taken to jump on the Bitcoin bandwagon. He stated that many banks now pursuing Bitcoin and cryptocurrencies support after this week’s announcement by PayPal. He asserted that the cryptocurrency industry is turning a corner. Read Full on U.Today

Bitcoin Empowered People For One Of The Largest Nigerian Protest

Feminist Coalition, a gender equality group that had been founded just weeks earlier and had become one of the key organizations accepting donations for protests against police brutality in Nigeria, began to notice bank transactions were being slowed down while its online payment links to facilitate donations had stopped working, disruption of donation accounts and methods was the result of pressure from “high up.” However, it only proved a temporary setback. Feminist Coalition began accepting donations through bitcoin instead and as of Oct. 22, its summary of accounts showed that bitcoin balance accounted for around 40% of the $387,000 raised in total. Read Full on qz.com

One Of The Indian Bank Will Offer Crypto Services

Indian bank United Multistate Credit Co. Operative Society is planning to expand its banking services to cryptocurrencies and cryptocurrency products. In collaboration with the crypto banking service provider Cashaa, United has established a joint venture dubbed UNICAS that aims to provide both online crypto banking services and walk-in services across its 34 physical branches in northern India. UNICAS will allow United account holders to integrate cryptocurrency wallets directly with their accounts. Customers will be able to directly buy BTC, ETH, XRP by paying either in cash or directly from their account. Read Full on cointelegraph

Breaking: Singapore's Largest Bank DBS Will Launch Crypto Exchange

DBS, Singapore’s biggest bank, is launching a fiat-to-cryptocurrency exchange. According to a cached web page, apparently posted in error and taken down again, DBS Digital Exchange will offer trading against the Singapore dollar, the Hong Kong dollar, Japanese yen and U.S. dollar will be four top cryptocurrencies: bitcoin, bitcoin cash, ether and XRP. The exchange will also offer tokenization services, offering business the opportunity to raise funds by issuing digital forms of securities and assets, per the page. Assets will not be held by the exchange but by a dedicated, "institutional grade" custodian set up by DBS. Read Full on coindesk.