📮 1-04-2020

📈MarketCap:                  $175  B

📊24h Mcap %:                  -3.19%

⚠️Bitcoin Dom:                 64.78%

📌Active Coins:                2,927

📍24h Vol %:                    -1.11%

💲24h Vol:                    $109 B  

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1. Kraken CEO: Bitcoin (BTC) and Crypto Interest Surging

Despite the economic downturn induced by the coronavirus pandemic, Kraken CEO Jesse Powell predicts that Bitcoin and the crypto industry as a whole will perform well in the months ahead. Powell reveals that while many companies are laying off workers, the San Francisco-based exchange is increasing its staff by nearly 10% due to an uptick in interest in the cryptocurrency market at large ever since the coronavirus surfaced in China. He told everyday they are seeing more sign-ups, more verification requests, more people funding their accounts. Read Full on kraken.

2. PayPal Is Hiring a Blockchain Strategy Director

Digital payments giant PayPal posted a new job listing on March 23, where the company seeks to hire an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division. the new director —based in New York — will be in charge of evaluating blockchain's use cases for the prevention of financial crimes, such as money laundering and terrorist financing, to supervise the entire AML process. The post also detailed that the ideal profile must focus on blockchain-related opportunities for the company. Read Full on Cointelegraph.

3. Libra Rival Celo Foundation gives out $700,000 Grants For Development

Open-source payments network Celo has announced its first round of development grant recipients. Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform. Celo states that the chosen grant recipients "provide building blocks to help strengthen the Celo protocol, provide more access to the financially underserved, and develop programs to help educate and nurture the Celo community. Read Full on Decrypt.

4. Bitcoin mining revenue has grown 20 Times since 2013

Since 2013, Bitcoin miners have seen a twenty-fold increase in mining revenue. According to data from Statista global bitcoin mining revenue has kept growing nearly every year. In 2013, the mining revenue worldwide stood at $260 million. One year on, in 2014, the figure grew to $700 million. By the time 2017 rolled around, industry revenue reached $3.19 billion. By the end of 2019 bitcoin mining revenue breached the $5 billion mark, marking a near 20 times increase in just five years. Read Full on Decrypt.

5. Report Suggets Block Halving of BCH and BSV Will Force Miners to Bitcoin

Two halvings in April will spark a month of increasing attention to BTC until its own halving takes place, despite its lack of profitability, says Coin Metrics. Next month, hard forks BCH and BSV will both undergo a block reward halving. Bitcoin’s own halving will only occur in mid-May and will halve the supply for miners from 12.5 BTC to 6.25 BTC. This gives a one-month window during which miners will direct more hash power to BTC, as its block reward will be higher, despite the increased costs. Read Full on cointelegraph.

6. Michael Novogratz Suggest to 'Buy Bitcoin' Warning That Fiat is Growing on Tree

Mike Novogratz is convinced that when central banks make money grow on trees, then it's time to buy Bitcoin. 'Money doesn't grow on trees' is a popular expression people using from a long time. It means that money is a limited resource and encourages people to put in a significant effort in order to obtain it. However, this fable apparently doesn't apply to the U.S. Federal Reserve who unleashed unlimited liquidity to save the ailing global economy from the coronavirus-driven fallout. Read Full on Twitter.

7. Bitcoin Codebase Will Be Preserved for 1,000 Years Under Arctic Ice

A snapshot of the Bitcoin codebase will be encoded onto film reels and stored for a thousand years under the arctic ice in Svalbard, Norway. The move is part of the GitHub Archive Program, with a mission to preserve open-source software, for future generations to learn about the culture of today. GitHub has partnered with institutions such as the Software Heritage Foundation, Arctic World Archive, and Oxford University’s Bodleian Library to ensure the long-term preservation of code, which could otherwise be abandoned, forgotten or lost. Read Full on Cointelegraph.

8. Bitcoin Outperforms Stocks in Q1 2020

Though Bitcoin experienced its worst month since departing from its all-time highs 2 years ago, but still the leading crypto managed to outperform the US stock market in the first quarter of 2020. The financial markets were hit by the COVID pandemic that forced entire countries and industries to shut down. In the first three months, Bitcoin fell about 10%, from $7,200 to $6,350. Meanwhile, Dow saw the worst quarter on record, falling by more than 23%. Elsewhere, S&P 500 tumbled by 20%, which is the biggest quarterly loss since 2008. Read Full on Bitcoinist.com.