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Crypto News: This Week in Crypto 01/02/2021

Mark Cuban Believes That The Store of Value Generation Will Take Out Wall Street

According to Mark Cuban, famous entrepreneur and Dallas Mavericks owner, the “Store of Value Generation” is gradually beating Wall Street to their game. Mr. Cuban’s comment comes shortly after the clash between Wall Street and the r/Wallstreetbets Reddit community.

Further, he said the millennials had developed a high level of understanding of digital assets. In his words, Mr. Cuban believes that “this generation knows that a smart contract and the digital good it reflects or a CryptoAsset are a better investment than old school see, touch or feel uses.”

XRP’s Price Pumps To Levels Last Seen Since November 2020

Amid a lawsuit by SEC, Ripple’s XRPs price pumps considerably to levels last seen since November 2020. According to data on Bitstamp exchange, the cost of XRP surged to a high of $0.7471 on January 30 from $0.2841. This surge was tied to a telegram group called “Buy & Hold XRP.”

India’s Lawmakers Considers Fresh Bitcoin and Cryptocurrency Ban

According to the lower chamber of India’s bicameral parliament, Lok Sabha, lawmakers in India are planning to introduce a bill that will ban bitcoin and other cryptocurrencies while seeking to establish a national digital currency that will be issued by the Reserve Bank of India (RBI).

Bitcoin Will Break Into Traditional Finance According to Elon Musk

According to Elon Musk, the richest man in the world and the CEO of electric vehicle giant Tesla, in a recent interview on exclusive social media app Clubhouse, he sees more mainstream financial services integrating bitcoin.

“I think bitcoin is on the verge of getting broad acceptance by conventional finance people,” Musk told a packed Clubhouse chat room.

Investors and Traders Can Now Buy The Grayscale Ethereum Trust Again

Grayscale has now decided to reopen its Ethereum Trust (ETHE) again for accredited investors, according to a recent press release. This allows investors to buy and sell shares of Grayscale’s publicly traded Ethereum Trust. Grayscale, which previously offered this program, shut down in December during the historic Ethereum bull run.

Cardano (ADA) Revisits Highs Last Seen in February 2018

As the market enters the “altcoin season”, various cryptocurrencies have received a significant boost in value. Cardano isn’t left out. As of February 2, 2021, Cardano ADAs price spiked to a high of $0.42, a price last seen in early February 2018.

Cardano’s price has seen a considerable increase in 2021 as it’s risen 133.5%. It had also spiked 18x from its March 13, 2020, low when it was priced at $0.017 per coin.

An Insanely High Number of CEOs Are Interested In Bitcoin According to Michael Saylor

Michael Saylor, MicroStrategy’s founder, hinted that there’s an influx of the numbers of CEOs interested in knowing about bitcoin. Mr. Saylor, who’s organizing a BTC educational campaign, says participants will learn how every company can benefit from plugging into the Bitcoin Monetary Network.

U.S. Senator Cynthia Lummis Calls Bitcoin “A Great Store of Value”

U.S. Senator Cynthia Lummis is a bitcoin enthusiast. In a recent episode of The Pomp Podcast, the Wyoming’s U.S. Senator expresses her feelings towards the cryptocurrency, calling it “a great store of value” that should be part of everyone’s investment portfolio.

Cynthia Lummis also said that the dollar is “designed” to be worthless and less every year, but bitcoin being a finite resource makes it a perfect store of value.

Glassnode: Over 22 Million Bitcoin Addresses Were Active In January 2020

Data collected by crypto market data aggregator Glassnode shows that over 22.3 million unique addresses actively sent and received bitcoin in the 31 days of January 2021. This spike in activity was a record high, beating the record of 21 million addresses from December 2017. It was also a record month for the assets price as it rose to a record high.

Executive Chairman of NYDIG Ross Stevens Says Bitcoin Isn’t Volatile, Fiat Is

During the Microstrategy’s conference, set up to educate leaders of industries, of the speakers, the Executive Chairman of NYDIG, Ross Stevens, said that Bitcoin isn’t volatile than fiat currencies, college education, or even real estate investment.

In his words;

“Bitcoin is not volatile. Fiat is volatile. The price of college is volatile in fiat. But it keeps getting cheaper in bitcoin. The price of prime real estate is very volatile in fiat – but it keeps getting cheaper in bitcoin.”

Anonymous Man Helps People Unlock Forgotten Crypto Wallets

As bitcoin’s price continues to record new highs, many people who have long accessed their wallets and possibly forgotten their keyphrases are finding ways to break into their wealth.

An anonymous man with the pseudonym comes to the rescue of those in this category. “Dave Bitcoin,” as he’s referred to, co-founder of Wallet Recovery Services, helps people recover access to their forgotten password-protected wallets.

Dave, who connects with his clients through ephemeral WebRTC conversation, says he gets 50 to 70 requests daily from those who would like to reaccess their bitcoin wealth.

SBI Adds XRP to its Cryptocurrency Lending Service

Despite the lawsuit against XRP, the project seems to be getting attention from more financial institutions.

According to a recent announcement, Japanese financial services firm SBI Group has added  XRP lending to its services through its subsidiary, SBI VC Trade.

Investors can now earn interests from their XRP deposits XRP holdings between 1,000 and 100,000 XRP with a lending period lasting up to 84 days.

Croatia’s Tifton Gas Stations Partners Electrocoin To Accept Crypto Payments For Its Services

According to a recent announcement, Tifton gas stations across Croatia are now accepting cryptocurrency payments in bitcoin, ether, Stellar, XRP, and EOS from its customers across 46 fuel stops in the country.

Tifton is said to partner with Electrocoin, utilizing Electrocoin’s crypto payments platform, PayCek, which converts cryptocurrency transactions into Croatia’s national currency, the Kuna, in real-time.

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