Crypto News Cast 📮 08-05-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $2434 B
📊24h Mcap %: 30.46%
⚠️Bitcoin Dom: 44.80%
📌Active Coins: 6453
📍24h Vol %: -71.33%
💲24h Vol: $223 B

Crypto News Updates :

• Squares Revenue Earnings For First Quarter Exceeds Wall Street Expectations
• Number of XRP Whale Wallets Surge Despite Lawsuits – 2021 Q1 Report
• Börse Stuttgart Now Allows Exchange-Traded Notes For Cardano and Stellar
• Gemini-Backed Payments App Now Allows Payments With Dogecoin To 41000 Stores
• Cryptocurrency Not Banned By The National Payments Corporation of India
• SEC Chairman Described Bitcoin As Store Of Value, Other Tokens As Security
• Elon Musk Shows Confidence In Cryptocurrency As Dogecoin Gets More Adoption
• VanEck Files For Ethereum Exchange-Traded Fund With U.S SEC
• Total Crypto Market Value Could Hit $5 Trillion, JP Morgan Calls on Regulators

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Squares Revenue Earnings For First Quarter Exceeds Wall Street Expectations

After Square enabled buy and sell of Bitcoin through Cash App, it’s revenue more than doubled Wall Street expectations. The payment giants earnings per share was at 41 cents compare to the 16 cents analysts had predicted. Square’s share price jumped over 6% on Thursday after it announced the massive revenue for first quarter. Square earns 2% on Bitcoin transactions with a total profit $75 million Profits for the first quarter. Read Full on Decrypt.

Number of XRP Whale Wallets Surge Despite Lawsuits – 2021 Q1 Report

The Number of XRP whale wallets massively increase despite law suit with SEC according to Ripple’s 2021 first quarter report published on may 6th. The number of XRP whales, that is the number of wallets at least 10 million XRP surged 3.5% from 308 to 319. Also, wallets holding between 1 million to 10 million XRP increased from 1,125 to 1,196. According to the report, this massive increase came from institutional investors in XRP. Read Full on Finbold.

Börse Stuttgart Now Allows Exchange-Traded Notes For Cardano and Stellar

Börse Stuttgart, the second-largest German stock exchange declared exchange-traded notes (ETNs) launch for Cardano and Stellar, totalling 22 ETNs on the platform. Investors can now enjoy extended trading hours from 8:00 to 22:00 hours. Jürgen Dietrich, Börse Stuttgart’s Director of Trading said that the recent project is influenced by the increased interest in cryptocurrency and it also gives opportunity for investors to participate in the price development of the two cryptocurrencies. Read Full on Finbold.

Gemini-Backed Payments App Now Allows Payments With Dogecoin To 41000 Stores

Dogecoin can now be used to make payments in 41000 stores as announced by payments network Flexa. The Company partnered with Gemini, a crypto exchange led Winklevoss, the aim is to provide use cases for spending cryptocurrencies. This adds utility to the meme coin even as Gemini listed it this week, adding to it's price spike. Many Americans also see Doge as the next bitcoin as the joke coin gains more acceptance. Read Full on CryptoSlate.

Cryptocurrency Not Banned By The National Payments Corporation of India

The National Payments Corporation of India (NCPI) Says It will not ban cryptocurrencies and only advised Banks to decide whether to allow it or not. This means that the restrictions placed on trading crypto is getting eased off as the corporation declared that It's not against cryptocurrency and have given banks the liberty to either accept it or reject, judging by their own risk management and under special financial adviser. Read Full on Bitcoin News.

SEC Chairman Described Bitcoin As Store Of Value, Other Tokens As Security

The newly appointed chairman of the U.S. Securities and Exchange Commission, had a talk on crytpcurrency token and also called them security. Gary Gensler made this statement at his Friday appearance on CNBC's "Squawk Box,". He also mentioned The Largest Cryptocurrency, Bitcoin and Describes it as a Scarce Store Of Value. He added he has no comment on Elon Musk's SNL appearance, saying Elon's media consultants is there. Read Full on U.Today

Elon Musk Shows Confidence In Cryptocurrency As Dogecoin Gets More Adoption

DOGE is trading at $0.60 currently with a market cap of $80 billion and still the 4th largest cryptocurrency according to Coingecko. By this data, it's obvious that Dogecoin is bigger that Elon Musk's SpaceX. As a Dogecoin Supporter, his followers expect him to promote the meme coin at his SNL appearance this Saturday. Dogecoin has seen more adoption as its now being used as a payment option in companies. Read Full on BitcoinExchangeGuide.

VanEck Files For Ethereum Exchange-Traded Fund With U.S SEC

VanEck, Exchange-traded fund (ETF) startup filed for an Ethereum ETF, according to public records. The Startup had filed for a Bitcoin ETF which still under review by U.S Securities Exchange Commission. The Ether ETF proposal indicates that it would allow retail and institutional traders to have exposure to the world’s second-largest cryptocurrency by market cap without directly investing in it. Read Full on CoinDesk.

Total Crypto Market Value Could Hit $5 Trillion, JP Morgan Calls on Regulators

Conversation held by ICI President and CEO Eric J. Pan and JPMorgan CEO Jamie Dimon on May 6 encouraged regulators to look closer at cryptocurrencies before the market becomes too big and they have to play catch up. Dimon fears Crypto and believes it’s time major regulation comes into place. The total market value of Crypto is over $2 Trillion, could reach $5 Trillion, hence demands attention before it gets even more bigger than this. Read Full on U.Today