Weekly Crypto News Roundup - 21st of April - 28th of April

Weekly Crypto News Roundup - 21st of April - 28th of April

By pheonixdown-dee | Crypto 101 | 28 Apr 2020


Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I like to use and an alternative to CoinTelegram called BeInCrypto

BeInCrypto is a news website founded in August 2018 that specialises in cryptographic technology, privacy, fintech, and the Internet — among other related topics. The primary goal of the website is to inject transparency into an industry rife with disingenuous reporting, unlabelled sponsored articles, and paid news masquerading as honest journalism. You can visit their website by clicking here or join their new Telegram Trading channel by clicking here. I am also part of that group and like the content they are discussing. There is a lot of news that came out last week, So let's get started!

 

Almost Half of all Ethereum Mined in 2020 Purchased by Grayscale Investments

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Grayscale Investments claims to have purchased almost half of all of the Ethereum mined so far in 2020. The asset management firm has seen a considerable spike in institutional investment — some even willing to buy into the trust at a hefty premium. The Grayscale Ethereum Trust has reportedly purchased 48.4 percent of all the ETH that has been mined so far in 2020, according to a report that was published by Grayscale Investments on March 20, 2020. To read the full article by clicking here.

 

North Korea’s Alleged $670M Cryptocurrency Stash in Question Amid Rumors of Kim Jong-Un’s Death

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North Korea is thought to hold some $670M in Bitcoin and other cryptocurrencies — if not more. However, the fate of this big bag of digital currencies is uncertain as rumors swirl about the death of Kim Jong-un.

The news has been buzzing with speculation surrounding Kim Jung-un, leader of North Korea. He missed the country’s Day of the Sun event on April 15, an important national holiday celebrating the ‘Eternal President’ Kim Il-sung. To read the article, click here.

 

BOLT Accused of Fudging Numbers to Enrich Itself During Token Swap

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BOLT has been conducting a token swap from Binance Chain to Ethereum for some time. However, some are noticing that the transaction history recorded on the blockchain doesn’t quite add up.

Since last year, BOLT has been promoted as ‘gem’ with a low market capitalization. The fundamentals, at first glance, had some promise: it was a company with a streaming app that boasted some 3M users. However, a deeper look showed these user numbers to be fraudulent. To read the full article, click here.

 

Nearly 50,000 BTC Impressively Moves for Less Than a Dollar

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The Bitcoin network has once again successfully facilitated the transfer of hundreds of millions of dollars for just a matter of cents. Such a transaction would be impossible via any other payments network on the planet. A recent transfer saw the equivalent of $367 million moved for a fee of just $0.63. It joins many previous similar examples of colossal value transfers for rock bottom fees on Bitcoin. To read the full article, click here.

 

China Releases CBDC Test Center Candidates: McDonald’s and Starbucks Included

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As China attempts to recover from the COVID-19 outbreak, new details emerge about its central bank-issued digital token, including a connection to Starbucks and other western businesses. The token will now be tested in the Xiong’an New Area among other places. What do you think about this? You can read the full article by clicking here.   

 

Tezos and Cardano Ranked Top of the Class in Technology by Weiss

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The Weiss Ratings agency has released its latest cryptocurrency rankings, with some surprising updates to the list. Tezos (XTZ) and Cardano (ADA), came out on top in the technology category, while Bitcoin (BTC), Ethereum (ETH), and IOTA (MIOTA) rank hold the top-3 spots in the overall ratings. To read the full article, click here.

 

Two Ethereum Pools Now Account for Over 50% of Total Hashrate

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Two mining pools on Ethereum are continuing to dominate the competition and now make up over half of the entire hashrate for the network.

Hashrate is often used as an indicator to judge the strength of a network. However, it is also important to look at how distributed this hashrate is. In the case of Ethereum, it is becoming more and more dominated by a few major pools. Click here to read the full article.

 

Ripple Sues YouTube for Failing to Protect Users from Cryptocurrency Scams

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Ripple is taking cryptocurrency scams on YouTube very seriously and is calling for the video streaming service to be held accountable in court.

The blockchain company behind XRP has sued Alphabet’s YouTube. The former claims that the video streaming site has not done enough to prevent scams and has put users at risk. To read the full article, click here.

That is my weekly roundup of the interesting news coming from the crypto world. What do you think about the topics / news stories and what was your favourite article? If you liked the content, please consider following me and tipping the article. Also are you a trader? If you are check out my favourite Telegram Trading chat, where you can discuss and find out more about crypto projects. Click here to start conversations with other crypto traders!


pheonixdown-dee
pheonixdown-dee

I am an avid crypto enthusiast. Feel free to get in contact with me on - IG - https://www.instagram.com/crypto_dizzle/ Twitter - https://twitter.com/DizzleCrypto


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