XRP Above $2? Why DeFi Integration Could Be Game Changer

With the biggest gains in the crypto top 10 by market cap, XRP trades at $1.88 recording a 35.9% rally over the past day. In the weekly and monthly chart, XRP is up 107% and 307% respectively. XRP on a bullish trajectory in the 24-hour chart. Source: XRPUSDT TradingviewOperator Altstreet Bets has shared the chart below to indicate XRP’s price could go to $3 “without resistance”. The trader has set support at $1.10 and $1.72 and believes XRP could target $8.49 in the long term. Source: Altstreet BetsMany factors are contributing to XRP’s recent performance. The high interest of investors…

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ETH Lab ConsenSys Raised $65M From Mastercard And JPMorgan

ETH lab ConsenSys just raised $65 million from JPMorgan and Mastercard that will be used to build products in Defi and Web3 as we can see more in our ethereum news today. The Ethereum incubator will use the proceeds to build products and the ETH Lab ConsenSys announced the final close of the $65 million round. Global financial services Mastercard, JPMorgan, and UBS invested in multiple companies like Protocol Labs, Fenbushi, Maker Foundation, Alameda Research, and the LAO as well. additional investors include Greater Bay Area Homeland Development Fund, CMT Digital, Quotidion Ventures, Liberty City Ventures, and more. The funds…

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Coinbase Listing Sends Binance Coin (BNB), Exchange Tokens Soaring

There’s less than 24 hours standing in between now and the time San Francisco-based cryptocurrency exchange Coinbase is listed publicly for the first time. The shot heard ’round Wall Street has caused exchange tokens in particular to surge. One of the biggest benefactors has been competitor platform utility token, Binance Coin, along with other similar coins offered by exchanges. Here’s why there’s such interest and demand for the platforms themselves. The Big Deal Behind The Coinbase Listing And Ongoing Bitcoin Rally Tomorrow, Coinbase (COIN) begins trading on the stock market in a move that could cause a widespread  “revaluation for…

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Binance Coin, THETA, Verge Price Analysis: 13 April

Binance Coin needs to overcome some selling pressure before resuming its uptrend. THETA projected movement within a tight channel of $13.8-$11.2. Finally, Verge could see a breakout from a descending channel before the price approaches its 200-SMA. Binance Coin [BNB] Binance Coin successfully captured the level above $600 and even formed a new peak at […]

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NFTs by mail? US Postal Service plans to support postage tokens

The government agency reported $73.1 billion in revenue from postage and other services in the 2020 fiscal year. The United States Postal Service will soon be stepping into the nonfungible token market. Not to release artwork or music, but rather to help customers purchase postage. In an announcement on Tuesday, communications-as-a-service platform CaseMail said the USPS had certified its postage nonfungible tokens, or NFTs, for use in the United States. The tokens are digitally stamped on the USPS’ ePostage labels and the physical item being mailed, creating a verifiable chain of custody for digital and physical assets, as all data…

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MicroStrategy’s Saylor On Coinbase Listing: “It’s Going To Be A Wake-Up Call For Institutional Investors”

Bitcoin’s worth as a payment network, store of value, and leader of the emerging digital assets class can directly be related to the accelerated growth of Coinbase, especially now with the exciting news of its upcoming and highly anticipated public listing. According to MicroStrategy’s CEO Michael Saylor, there is a reason why Coinbase is currently gaining around 1 million new users and nearly $10 billion in digital assets every week.    “This direct listing is going to be a wake-up call for institutional investors, financial advisers & investment banks worldwide. #Bitcoin Rises.” Saylor made the remarks in response to an interview…

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DeFi mutual fund Sheesha Finance raises $9.4M

Sheesha is attempting to make DeFi projects more accessible to mainstream users. Sheesha Finance, a decentralized finance mutual fund based in the United Arab Emirates, has raised $9.44 million over a two-week token sale — underscoring heightened investor demand for DeFi applications.  The token sale, known as a liquidity generation event, or LGE, excluded private sales and early contribution bonuses, which allowed micro-investments of as little as 0.0001 Ether (ETH). In total, LGE contributors doled out 3,171.31 ETH, valued at $6.35 million, and 7,769.43 Binance Coin (BNB), worth $3.08 million. Investors who contributed to the LGE can claim their liquidity…

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Cardano, Ontology, BTT, VeChain Price Analysis: 13 April

Cardano saw a breakout from a symmetrical triangle, but bullish conditions were not enough for a move above $1.45. Ontology needed to maintain its $1.5-support level to avoid an extended sell-off, while BitTorrent remained within a descending triangle. Finally, VeChain can be projected to reach $0.150 if the price breaks north of its descending channel. […]

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XRP price soars to new highs after recent legal victories and relisting rumors

XRP price rallied more than 30% as retail traders rotate into "cheaper" altcoins and investor sentiment turns positive after Ripple's recent legal victories against the SEC. XRP price broke out to a new multiyear high on April 13 as a surge of trading volume in the early morning hours continued into mid-day.  Data from Cointelegraph Markets and TradingView shows that XRP registered a low of $1.42 before staging a 34% rally to a high of $1.88. XRP/USDT 4-hour chart. Source: TradingViewThe surge in price comes on the same day as both Bitcoin (BTC) and Ether (ETH) established new all-time highs…

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JPMorgan Thinks BTC Could Surpass $100K By the End of the Year

Financial giant JPMorgan recently stated in a new report that the world’s number one digital currency by market cap – bitcoin – could potentially reach a price of around $130,000 by the time the year is out. JPMorgan Is Predicting Big Things for BTC In the document, JPMorgan writes the following: Considering how big the financial investment into gold is, any such crowding out of gold as an alternative currency implies big upside for bitcoin over the long term. A convergence in volatilities between bitcoin and gold is unlikely to happen quickly and is likely a multi-year process. This implies that the…

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Bitcoin Funding Flips Bullish, But Are Liquidations Imminent?

Bitcoin’s price has reached a new ATH after a long period of consolidation. At the time of writing, BTC is trading at $63.235 with 5.1% profits in the past day and 7.7% in the 7-day chart. BTC on a bullish trajectory in the 24-hour chart. Source: BTCUSD TradingviewBefore the rally, data from Santiment pointed to high levels of bearish sentiment across social media platforms. During the bullish price action, there was an ATH in address activity with 1.36 million when BTC touch $63.4000. Source: SantimentNow, the Fear & Greed Index is near the Extreme Greed levels. On the derivatives market,…

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Blockchain.com Ventures, Eden Block, DACM and others purchase $9.3M of Pocket Network’s token

CryptoNinjas » Blockchain.com Ventures, Eden Block, DACM and others purchase $9.3M of Pocket Network’s token Pocket Network, a blockchain data ecosystem for Web3 applications, announced today it has increased the total value locked on the network by $9.3M, with Blockchain.com, Eden Block, DACM, and others purchasing the POKT token to power decentralized data infrastructure for Web3.0 applications. The total value locked in staked POKT has now increased to over $189.35M. Pocket is a decentralized network that relays data to and from blockchain applications, where participants are rewarded in POKT, in order to create an incentivized network of node providers. “It’s…

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Cryptocurrency Market Cap Surpassed That of Apple

With bitcoin, ether, and more alternative coins reaching for the stars with new records in the past 24 hours, the cumulative market capitalization of all crypto assets surged to new record levels above $2.2 trillion. Interestingly, this means that the total crypto market cap exceeded that of the world’s most valuable company – Apple. Crypto Market Cap Surpasses Apple’s After weeks of suffering beneath the $60,000 price line, bitcoin finally emerged victorious today. In a long-anticipated moment from the community, the primary cryptocurrency initiated an impressive leg up that resulted in breaking the previous ATH record of $61,800. Furthermore, BTC…

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What Are the Legal Challenges That Crypto Faces and the Way Out?

The popularity of the cryptocurrency space has catapulted to new levels in recent times. Apart from retail investors, institutional interest in the crypto space has grown massively. The next logical step for the progress of the crypto industry is some sort of government validation while remaining totally decentralized. While this seems too good to be true, this has to be the next step in the evolution of blockchain. For that to happen, the crypto industry must take care of the stigmas revolving around it that make it seem too risky, complex, and unapproachable. What are the factors that are defaming…

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Crypto Council For Innovation Report: Criminals Will Move Away From Bitcoin

A recent report co-authored by an ex-CIA director has found that criminals will increasingly move away from using Bitcoin. A recent report published by the pro-cryptocurrency lobbying group Crypto Council For Innovation and co-authored by former CIA deputy director Michael Morell analyzed the degree of illicit activity associated with Bitcoin and concluded that criminals will decreasingly leverage bitcoin to launder money. The report, titled “An Analysis Of Bitcoin’s Use In Illicit Finance,” noted the fact that Bitcoin is pseudonymous (as opposed to completely anonymous) as a reason that other cryptocurrencies that better protect user privacy represent a “far larger” percent…

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European Investment Bank might settle Euro-denominated bonds using blockchain

The European Investment Bank, an international financial institution owned by member states of the European Union, is making headlines today after it proposed to trade, settle, and sell digital bonds using blockchain technology. As per a report published by Bloomberg, EIB has appointed major BB banks like Goldman Sachs, Banco Santander, and Societe Generale to […]

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Stacks launches mentorship-driven accelerator program to fuel innovation on Bitcoin

CryptoNinjas » Stacks launches mentorship-driven accelerator program to fuel innovation on Bitcoin The Stacks Foundation, the nonprofit organization stewarding the Stacks ecosystem, today announced it is launching the Stacks Accelerator to foster blockchain developer growth worldwide. The intense 3-month program is backed by a leading coalition of Stacks partners, including the Stacks Foundation, Hiro Systems, Freehold, and Daemon Technologies, which have committed an initial $4M USD to support more than one hundred early-stage crypto technology entrepreneurs with funding, mentorship, and access to the incredible community of Stacks developers. A layer-1 blockchain designed to facilitate the user-owned internet, Stacks brings everything…

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How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos Narrowing Financial Exclusion Gap Therefore, in their effort to reduce the number of people that have no access to banking services, Satoshi Nakamoto created Bitcoin, a decentralized digital currency and network that is available to anyone. Now, more than ten years later, the crypto asset has had successes in narrowing the financial exclusion…

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North American crypto miners prepare to challenge China’s dominance

Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the worlds hashing power. These new ventures are acutely aware of the need to minimize minings carbon footprint. In March, when Neptune Digital Assets and Link Global announced they would develop a new five-megawatt Bitcoin mining facility in Alberta, Canada, for instance, Neptune CEO Cale Moodie cited the…

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Republican Kevin McCarthy says Fed chair needs more education on crypto

The House minority leader said the United States should not take a backseat to China when it comes to digital currencies. Kevin McCarthy, the minority leader in the U.S. House of Representatives, hinted that both the current Secretary of the Treasury and chair of the Federal Reserve may need to reevaluate their positions on crypto. Speaking on CNBC's Squawk Box this morning, host Joe Kernen asked the Republican lawmaker whether either Treasury Secretary Janet Yellen or Fed chair Jerome Powell had a “good understand of digital currencies or Bitcoin.” In regards to Bitcoin (BTC), McCarthy claimed both the officials had…

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