Crypto News Cast 📮 07-04-2021
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1879 B
📊24h Mcap %: -76.00%
⚠️Bitcoin Dom: 56.00%
📌Active Coins: 6028
📍24h Vol %: 0.26%
💲24h Vol: $218 B
Crypto News Updates :
- Cryptocurrency Market Doubles in Just 3 Months, Hits $2 Trillion
- Bitcoin’s Lightning Network Records 10K Active Nodes And $69M Locked Value
- Bitcoin’s Market Holds $1 Trillion Value For More Than A Week
- Tether Announced To Launch USDT Stablecoin On Polkadot And Kusama
- Goldman Sachs CEO Believes "Big Evolution" Is Coming To Crypto Industry
- Coinbase First Quarter Results Hit $1.8 Billion Before Nasdaq Listing
- Fidelity, Square, Coinbase, Paradigm Forms Crypto Council For Innovation
- Billionaire Investor Believes Ethereum Will Outperform Bitcoin
- XRP Surpassed $1 for the first time since 2018
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Cryptocurrency Market Doubles in Just 3 Months, Hits $2 Trillion
According to data from crypto data provider CoinGecko,The cryptocurrency market is now worth $2 trillion. It's to be noted that It’s just three months since the first $1 trillion market cap. This is the biggest moment for crypto. This is caused by some combination of a Bitcoin bull run, NFT hype and some investment by PayPal, Tesla, and Square. However, Bitcoin remains the most valuable single cryptocurrency, with a market cap of $1.1 trillion. Read Full on bloomberg.
Bitcoin’s Lightning Network Records 10K Active Nodes And $69M Locked Value
The number of nodes on Bitcoin’s Lightning network(Bitcoin blockchain that uses its own special rules to facilitate cheaper, faster transactions) has nearly doubled year over year with 10,348 nodes. More activity is seen in the Bitcoin’s Lightning network, the total number of payment channels on the network is now over 45,000. It currently holds 1,185 BTC, worth some $69 million as users and major exchanges keep embracing the scaling technology. Read Full on CoinDesk.
Bitcoin’s Market Holds $1 Trillion Value For More Than A Week
According to Monday’s “Week On-chain” report from on-chain analytics provider Glassnode, Bitcoin (BTC) has enjoyed a $1-trillion market capitalization for more than one week for the first time. Bitcoin’s market cap first broke its $1-trillion milestone on Feb. 19 but quickly dipped back below to 12-figures for the following 17 days. Bitcoin’s capitalization has now remained above $1 trillion since March 26 and is currently sitting at $1.1 trillion, according to CoinGecko. Read Full on cointelegraph.
Tether Announced To Launch USDT Stablecoin On Polkadot And Kusama
Tether's planned USDT launch on Kusama and Polkadot would make the stablecoin available on a total of ten networks. He added that Kusama would theoretically allow us to start experimenting with supporting Tether on parachains. USDT is currently live on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol. Tether said it aims to have USDT as the first-ever stablecoin on Polkadot. Read Full on theblockcrypto.
Goldman Sachs CEO Believes "Big Evolution" Is Coming To Crypto Industry
Goldman Sachs CEO, David Solomon predicted that there would be "a big evolution" in the digital currency space in the coming years, in an April 6 interview. Goldman Sachs thinks crypto in a proactive way, says is looking for ways to support crypto for its clients due to an outpouring of demand. The major U.S. bank is also venturing into crypto custody and even the Bitcoin ETF race amid heightened interest in the industry. Read Full on Twitter.
Coinbase First Quarter Results Hit $1.8 Billion Before Nasdaq Listing
Coinbase announced productive results for the first quarter of the year one week before the Nasdaq’s direct listing. The results show that the U.S Crypto Exchange had an estimated trading volume of up to 276% with quarterly revenue hitting $1.8 billion. The quarterly revenue outnumbered last year's first quarter earnings of $190 million revenue. This massive growth can be attributed to Bitcoin’s bull market. Read Full on cointelegraph.
Fidelity, Square, Coinbase, Paradigm Forms Crypto Council For Innovation
Fidelity, Square, Coinbase and investment firm Paradigm, plans to form a new council called Crypto council for Innovation to make policy makers to support the massively growing Bitcoin and cryptocurrency industry, as reported in The Wall Street Journal. The Council will make sure the policymakers understand cryptocurrency innovation and its benefits and create regulations that will create a conducive environment for Crypto to flourish. Read Full on Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides.
Billionaire Investor Believes Ethereum Will Outperform Bitcoin
Billionaire investor Mark Cuban who now believes in bitcoin praised Decentralized finance which is built on Ethereum. The billionaire revealed that he expects the Ethereum 2.0 upgrade will generate massive development of Applications on the Ethereum Blockchain which will outperform Bitcoin. He believes Bitcoin, has evolved to become a major store of value, and would be easier to work with ethereum more than Bitcoin. Read Full on Forbes.
XRP Surpassed $1 for the first time since 2018
On April 6 for the first time since March 2018
The price of XRP has surpassed $1 , putting its market valuation at around $47 billion. Well-known trader, recognized as "Kaleo," noted that XRP's breakout against Bitcoin is particularly optimistic and on the verge of breaking out of a 3-year downtrend against Bitcoin. Also, the social volume of XRP has been growing rapidly. The next resistance level is at around $1.20 with a macro sell-wall at $2. Read Full on cointelegraph.