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Caitlin Long: Collapsing Dollar Will Bring Cryptocurrency Adoption

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Caitlin Long: Collapsing Dollar Will Bring Cryptocurrency Adoption
Decrypt
 Published Few hours ago
Caitlin Long: Collapsing Dollar Will Bring Cryptocurrency Adoption 
During Virtual Blockchain Week Caitlin Long, CEO of Avanti, a regulated crypto bank said, A credit bubble has been building in the Western world for more than five decades and she believes the time is nigh for cryptocurrencies. In response to the pandemic, the US has been pumping trillions into the economy. Caitlin Long argued, it could lead to hyperinflation and a collapse in the dollar and then cryptocurrency will be the better bet because it is a real equity. Read Full on Decrypt

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Analysis Shows Crypto Whales Are Heavily Accumulating Ethereum
The Daily Hodl
 Published Few hours ago
Analysis Shows Crypto Whales Are Heavily Accumulating Ethereum 
Adam Cochran, an executive at the privacy-focused search engine DuckDuckGo, says he manually audited the top 10,000 Ethereum addresses and find that existing whales have increased their Ethereum positions by 4% and accumulating at a rapid rate in the past six months. There are a significant number of new wallets as well in the top 10k who had their first transaction associated with fiat onramp exchanges that serve large scale customers and those big investors don’t seem interested in selling their ETH holdings, either. Read Full on The Daily Hodl

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Bitcoin Price Exploded to $9400 for The 3 Key Factors
cointelegraph
 Published Few hours ago
Bitcoin Price Exploded to $9400 for The 3 Key Factors 
Bitcoin price has soared from $7,700 to $9,500 in 24 hours, increasing by 23%, mainly driven by three key factors that triggered the short-term rally. #1 Spot exchanges drove Bitcoin to $9,500, not the futures market. Unlike past rallies, the recent upsurge of Bitcoin was primarily led by spot volumes. #2 Historical BTC levels were broken with ease. The Bitcoin price broke all major historical resistance levels when it first surpassed $8,000. #3 Institutional demand acted as a safety net. Read Full on cointelegraph

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EOS Developer Block.one Grants $50,000 For Covid-19 Testing App
Decrypt
 Published Today
EOS Developer Block.one Grants $50,000 For Covid-19 Testing App 
EOS developer Block.one has awarded a $50,000 grant to Genobank.io to help develop an app to aid with novel coronavirus (COVID-19) testing. The open-source app, called Agerona, is being developed in collaboration with the Telos Foundation. Once available in May, it will allow users to source low-cost COVID-19 tests and then have their results available via the Telos blockchain, where they can choose to share it with medical professionals and even researchers as desired. Read Full on Decrypt

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Binance Trading Volume Reaches All-Time High
twitter
 Published Today
Binance Trading Volume Reaches All-Time High 
Binance hits an all time trading volume high during Bitcoin’s pump to nearly $9000. As the Bitcoin price skyrocketed close to $9000 on April 29, Changpeng Zhao, or CZ, announced that Binance, the world’s largest crypto exchange, has hit $11 billion in trading volume over the past 24 hours. This number is considered an all-time high for the exchange. According to CZ’s post, the last time the exchange came near $11 billion was in early 2018. Today they reached a new record in terms of trading volume. Read Full on twitter

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Report: Ethereum Is Better Money Than Bitcoin
medium
 Published Today
Report: Ethereum Is Better Money Than Bitcoin 
Ethereum is used as money far more often than Bitcoin, at least according to one new analysis of on-chain data by Professor Adam Cochran of Information Science at Conestoga College. A look at over 10,000 Ethereum addresses shows that a much greater proportion of Ether actively circulates between payment processors, compared to similar figures for BTC. 16% of the Ether in circulation has been actively used in the past 90 days, compared to just 0.36% for Bitcoin. Read Fu

ll on medium

ethereumbitcoineth
Report: Bitmain Have So Far Made Over $300 Million In Revenue in 2020
cointelegraph
 Published Today
Report: Bitmain Have So Far Made Over $300 Million In Revenue in 2020 
Chinese cryptocurrency hardware manufacturer, Bitmain, made over millions in profit in the first four months of 2020. This news comes despite the COVID-19 outbreak and recent rumours about in-house problems. According to the local media outlet Wu Blockchain, Bitmain announced internally that the company had earned over $300 million so far this year. Further, the mining giant reportedly regained some market share as it opened four new mining facilities and saw the hashrate increase on two of its mining pools. Read Full on cointelegraph

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Siam Commercial Bank and Ripple Launching New Remittance Service
ripple
 Published Today
Siam Commercial Bank and Ripple Launching New Remittance Service 
One of the largest banks in Thailand is expanding a popular payments app using technology from the San Francisco startup Ripple. Siam Commercial Bank (SCB) has gained approval from Thailand’s central bank to launch its Outward Remittance Service on the SCB Easy App. The bank touts the new feature as a cost-effective and fast cross-border payments service available to its 16 million customers. SCB says it’s looking to launch the service across 12 countries supporting USD, GBP, EUR and SGD. Read Full on ripple

ripplethailand
Joff Paradise from CryptoMaticATM to Speak at Virtual Blockchain Week
Virtual Blockchain Week
 Published Today
Joff Paradise from CryptoMaticATM to Speak at Virtual Blockchain Week 
Joff Paradise, a globally recognized crypto entrepreneur, and founder of the CryptoMaticATM, was chosen to appear at the global "Virtual Blockchain Week" conference as a featured speaker. Paradise is scheduled for April 29th at 7:00 PM EST to present his extensive knowledge base pertaining to the Crypto ATM Industry. Founded by Joff, the CryptoMaticATM was specifically designed to allow entrepreneurs to start a thriving business that will enable them to create passive income through customer transactions. Read Full on Virtual Blockchain Week

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Bitcoin Hits $8000 Without Any Gov't Bailout
coin360
 Published 1 Day ago
Bitcoin Hits $8000 Without Any Gov't Bailout 
Bitcoin finally reclaims a price level not seen since before March’s major price crash, cementing its pre-halving bull run. BTC/USD breaks $8,000 and the move firmly reverses Bitcoin’s crash in mid-March, when the cryptocurrency shed 60% in a day to plumb 15-month lows of $3,600. It also shows that the Bitcoin doesn’t need brrr money to succeed. The excitement continues to build just two weeks before Bitcoin’s third block reward halving, which will drop inflation to 1.8% and halve the available supply of new Bitcoins released every ten minutes. Read Full on coin360

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