📮 05-04-2020
📈MarketCap: $189 B
📊24h Mcap %: -1.03%
⚠️Bitcoin Dom: 65.20%
📌Active Coins: 2,938
📍24h Vol %: -0.49%
💲24h Vol: $101 B
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1. Coinbase Custody is the biggest Tezos staking service
Coinbase Custody is the largest operator of a Tezos staking validator. Firm launched its staking service in April 2019. According to research conducted by The Block, the firm is staking over 65 million XTZ as of March 30. Coinbase is followed by Kraken and Binance in terms of staking service providers. Where Binance staked over 30 million XTZ and Binance staked over 27 Million. Together, they constitute the "Big 3" staking exchanges and account for 19% of all XTZ that is currently being staked. Read Full on The Block.
2. Billionaire Optimistic On Bitcoin as a ‘Flight to Safety’
In an interview with Anthony Pompliano, Chamath Palihapitiya, billionaire CEO of venture capital firm, Social Capital, recently spoke on the current global economy and told, that now could be Bitcoin’s time to shine. He told, he thinks Bitcoin needed a moment like this for it to be relevant. He added, Over the next 10 years, bitcoin will create an index, that has value that’s determined by and between its participants, and it’s owned by everybody. Palihapitiya added that BTC could eventually be seen as a “flight to safety,” Read Full on Cointelegraph.
3. European Union Highlights Blockchain Benefits
The European Union, or EU, mentioned blockchain technology as part of social services digitization efforts to keep Europe up to speed with the changing times. Highlighting the technology’s benefits, the report noted blockchain enables security, absent third-party reliance. The report also highlighted other blockchain usages, including those relating to pensions and payments. Report, pointed Even though blockchain is still in the early stages of adoption in the service sector, it may lead to the replacement of intermediaries. Read Full on Cointelegraph.
4. Ethereum 2.0's Phase 0 multiclient testnets will likely go live in April
A recent audit report of ETH 2.0’s specifications revealed security vulnerabilities regarding the protocol’s P2P messaging system and block proposer system. Buterin told that the ETH 2.0 team is currently working to address these problems, although it might require long-term efforts rather than immediate revisions. According to Buterin, successful multiclient testnets will have to precede the long-anticipated Phase 0 mainnet launch and the testnets will likely start running in April. Read Full on The Block.
5. Bitcoin's spot trading volume Hits $75 Billion in a Single Day
While derivatives have been the talk of the town for quite some time now, the spot volumes were the ones that stole the show in March 2020. This month was marked by high volatility across the financial realm as COVID-19 brought the world to its knees. Since late March, there has been a steady rise in the price of Bitcoin after its price was supported at the $6,000-mark, and this was primarily led by increasing spot volume and demand. In March, spot markets saw a historic daily volume totaling $75.9 billion on 13 March. Read Full on AMBCrypto.
6. This is Bitcoin’s moment, says Virgin Galactic chairman
Billionaire Chamath Palihapitiya, the chairman of Virgin Galactic thinks that Bitcoin could potentially become “gold 2.0” by 2030 if traditional economies falter. But it might be sooner than later. During the podcast with Anthony Pompliano, partner at Morgan Creek Digital, Palihapitiya said that “Bitcoin needed a moment like this for it to be relevant.” In his opinion, in the next 10 years, the economy will be at a crossroads: it could introduce inefficiency and cost and “inflate its way out”—or face debasement. In the latter case, Bitcoin could “really emerge as a flight to safety.” Read Full on Decrypt.
7. Bull Bitcoin Announces Canadian Dollar Payments On Liquid Through L-CAD
Bull Bitcoin, Canadian Bitcoin exchange, has developed Liquid CAD (L-CAD), a non-custodial, prepaid voucher denominated in Canadian dollars, issued on the Liquid network. CEO Francis Pouliot highlights that this product is meant to accelerate the adoption of bitcoin by Canadians. Each L-CAD is purchased with Canadian dollars that then enter a closed-loop system designed to eventually convert into Bitcoin. Bull Bitcoin is not providing a way to redeem L-CAD back to fiat dollars, but acknowledges that they cannot prevent L-CAD from being traded on secondary markets. Read Full on Bitcoin Magazine.
8. Traditional Traders Show Growing Interest in Cryptocurrency
According to the Adoption of Digital Asset Trading report published by Acuiti management intelligence platform. Large companies in the business would be interested in taking advantage of the recent crypto plunge. The report realized that there was a growing interest in Bitcoin derivatives. About 57% of traditional trading firms have traded Bitcoin, while 29% traded Ethereum (ETH) derivatives. Survey told the future looks bright in terms of adoption. 97% of traditional trading firms are considering trading digital assets within the next two years. Read Full on Cointelegraph.
9. Ontario Conservation Authorities Test Blockchain for Green Energy
Canadian conservation authorities and technology firm Insolar are conducting a test-bed blockchain project for renewable energy management. Within the scope of its Sustainable Technologies Evaluation Program (STEP), on April 1 the Toronto and Region Conservation Authority (TRCA) announced a collaboration with blockchain specialist Insolar to leverage the technology for managing distributed energy resources (DERs). Read Full on Cointelegraph.
