# Crypto News Cast 📮 28-10-2020
[News Source](http://www.cryptocurrencynewscast.online/2020/10/crypto-news-cast-for-october-28th-2020.html)
## Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
### 24hours Cryptocurrency Market Cap:
📈MarketCap: $390 B
📊24h Mcap %: -11.38%
⚠️Bitcoin Dom: 62.10%
📌Active Coins: 4,463
📍24h Vol %: 16.58%
💲24h Vol: $115 B
### Crypto News Updates :
- $1 Billion In Bitcoin Were Transferred At Only $3 Fees
- IOTA Will Help Japan With Its Blockchain Technology
- Colombia Leads With The Highest Number Of Bitcoin ATMs
- Grayscale: Over 50% Of US Investors Interested in Bitcoin
- Raoul Pal: Gold Investors Will Soon Flip To Bitcoin
- Silvergate Bank Received $586 Million In Cryptocurrency Deposits In Q3
- Bitcoin Addresses Holding BTC Worth $10, $100, and $1000 Hits All-Time High
- JPMorgan's JPM Coin Is Ready For Commercial Use
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#### $1 Billion In Bitcoin Were Transferred At Only $3 Fees
> In back-to-back transactions this morning, 45,671 Bitcoin ($602 million) and 43,185 Bitcoin ($570 million) left a Xapo account to other wallets. That's over $1.1 billion in Bitcoin, and all for a total transaction fee of $3.54. Regardless of the reason, the same transaction would be infeasible at a bank, at least for an individual. While an automated clearing house (ACH) transfer, which takes days to clear, would be free at most banks, customers would face daily and/or monthly limits. Even Chase Bank, limits users to sending no more than $25,000 per day; sending $1.172 billion would take 128 years. [Read Full on Decrypt.](https://decrypt.co/46346/someone-just-sent-1-billion-in-bitcoin-paid-only-3-in-fees)
#### IOTA Will Help Japan With Its Blockchain Technology
> The IOTA Foundation is collaborating with Japan’s government on a project targeting industrial infrastructure. The project is funded by the New Energy and Industrial Technology Development Organization, a national research and development agency operating under Japan’s Ministry of Economy, Trade and Industry. The initiative intends to implement artificial intelligence and distributed ledger technology to risk-based maintenance systems in power, industrial, petrochemicals and oil refining plants. [Read Full on cointelegraph.](https://cointelegraph.com/news/iota-joins-japanese-gov-t-on-blockchain-based-maintenance-project)
#### Colombia Leads With The Highest Number Of Bitcoin ATMs
> Colombia now has the largest number of Bitcoin (BTC) ATMs in Latin America. The country is relatively new to crypto adoption, but is building momentum quickly. According to CoinATMRadar, Bogota, the nation's capital, has 34 ATMs, followed by Medellin with 11, and Bucaramanga and Cali with 4 each. Other cities with one ATM at least include Armenia, Barranquilla, Cartagena, Cúcuta, La Hormiga, and Pereira. [Read Full on cointelegraph.](https://cointelegraph.com/news/bitcoin-atms-are-booming-in-this-latin-american-country)
#### Grayscale: Over 50% Of US Investors Interested in Bitcoin
> A survey conducted by digital asset manager Grayscale Investments suggests investor interest in bitcoin is on the rise. Grayscale's "Bitcoin Investor Study" revealed more than half (55%) of U.S. investors who responded are interested in buying bitcoin (BTC) in 2020. The data also showed the majority of bitcoin investors made allocations within the last 12 months, with 38% investing in the last four months, 26% five to six months prior, and 19% seven to 12 months ago. The strongest stated driver for bitcoin investments was the coronavirus pandemic. [Read Full on CoinDesk.](https://www.coindesk.com/more-than-half-of-us-investors-interested-in-bitcoin-grayscale-survey-finds)
#### Raoul Pal: Gold Investors Will Soon Flip To Bitcoin
> Following the strong performance of the dominant cryptocurrency, Global Macro Investor CEO Raoul Pal says gold investors may soon flip to BTC. He compared Bitcoin to a “supermassive black hole” that is destroying everything around it. Pal said gold is falling against Bitcoin which could push gold investors to move towards BTC in the coming days and months. Throughout his career as a strategist and an asset manager, Pal said he has never seen anything close to BTC and holding any other assets makes almost no sense. [Read Full on Forbes.](https://www.forbes.com/sites/youngjoseph/2020/10/28/raoul-pal-gold-investors-will-flip-to-btc-as-bitcoin-blasts-past-138k/)
#### Silvergate Bank Received $586 Million In Cryptocurrency Deposits In Q3
> Silvergate Bank, an American financial institution that was one of the first to support cryptocurrency-focused clients, reported a record quarter on Monday. In its earnings report pertaining to Q3 2020, Silvergate revealed that it added $586 million worth of deposits from cryptocurrency companies over this past quarter, making it the firm's second-most successful quarter in terms of cryptocurrency capital inflows. The bank, which brands itself as a "banking platform as innovative as the entrepreneurs we serve," now holds $2.1 billion on behalf of digital asset companies and investors. [Read Full on forbes.](https://www.forbes.com/sites/michaeldelcastillo/2020/10/26/silvergate-breaks-record-with-586-million-in-cryptocurrency-deposits/#6ef699655cc3)
#### Bitcoin Addresses Holding BTC Worth $10, $100, and $1000 Hits All-Time High
> Glassnode Chief Technology Officer, Rafael Schultze-Kraft’s tweeted that the number of investors holding $10, $100, and $1000 worth of BTC has gone up through the roof and established a new top. Number of Bitcoin addresses holding at least $10 worth of BTC has reached 17.6M, $100 worth of BTC is at 9.7M and 1000 worth of BTC touched 3.6M a new all-time highs. According to another bitcoin address update of Glassnode, now there are 20,000 wallets owning more than a million dollars worth of BTC. The on-chain analysis firm noted that this is the highest number seen since January 2018. [Read Full on CryptoPotato.](https://cryptopotato.com/retail-investment-in-bitcoin-soars-to-a-new-all-time-high//)
#### JPMorgan's JPM Coin Is Ready For Commercial Use
> Banking giant JPMorgan has created a new blockchain unit called Onyx as its "JPM Coin" is ready for commercial use. Takis Georgakopoulos, global head of wholesale payments at JPMorgan, told CNBC that a large international technology company is already using JPM Coin for cross-border payments. He did not disclose the company's name. Georgakopoulos said JPMorgan has launched Onyx because blockchain solutions "can become a real business" for the bank. [Read Full on CNBC.](https://www.cnbc.com/2020/10/27/jpmorgan-creates-new-unit-for-blockchain-projects-as-it-says-the-technology-is-close-to-making-money.html)