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One Stop Cryptocurrency News Cast For April 19th 2020 ?

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๐Ÿ“ฎ 19-04-2020

๐Ÿ“ˆMarketCap:                  $208  B
๐Ÿ“Š24h Mcap %:                 -0.25%
⚠️Bitcoin Dom:                 63.50%

๐Ÿ“ŒActive Coins:                 2,997
๐Ÿ“24h Vol %:                      3.90%
๐Ÿ’ฒ24h Vol:                         $129 B

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1. US SEC Allows $10B Hedge Fund to Offer Access to Bitcoin Futures
Renaissance Technologies, one of the largest hedge funds in the world, will offer access to cash-settled contracts from CME Group, one of the two oldest-running Bitcoin futures providers. United States regulator the Securities and Exchange Commission (SEC) confirmed that Renaissance Technologies’ Medallion Funds now have access to the burgeoning Bitcoin futures scene. The $75 billion hedge fund, which is best known for pioneering quantitative-based investing, said that its Medallion Funds are now "permitted to enter into bitcoin futures transactions." Read Full on cointelegraph.

2. Binance To Launch Ethereum Compatible 'Binance Smart Chain'
Crypto exchange Binance is launching a new Ethereum-compatible blockchain, with BNB as a native token. Dubbed “Binance Smart Chain” (BSC), the new blockchain would have smart contracts functionalities like Ethereum. Binance Smart Chain would run in parallel to Binance native blockchain called Binance Chain (BC) and be interoperable. Notably, Binance Smart Chain’s native token would be BNB, thus allowing holders of the token to participate in staking and earn rewards. Read Full on The Block.

3. Grayscale Reports Record Ethereum Inflows in 2020
New York-based crypto-fund manager Grayscale reported record Ethereum inflows in the First quarter of 2020, more than the total of all previous inflows for the cryptocurrency. The new data suggest that institutional investors have been scooping up Ethereum. Grayscale report states that quarterly Ethereum inflows were more than in the previous two years combined. Ethereum Trust, saw a record $110M in quarterly inflows. The trust’s combined inflows for the past two years amount to $95.8 million. Read Full on grayscale.

4. Mark Cuban Acknowledged That Bitcoin Could Rival Gold As A Store Of Value
Billionaire tech entrepreneur Mark Cuban acknowledged that Bitcoin could have the potential to become an alternative to gold. There’s just one catch though, the traditional economy needs to go down the pan for it to happen, according to Cuban. In his opinion, the main barrier that Bitcoin needs to overcome in order to challenge gold is its approachability. He said, it has to be completely friction-free and understandable by everybody first, and then you can say it's an alternative to gold as a store of value. Read Full on Decrypt.

5. Spanish Researchers Working to Curb Coronavirus Spread With Blockchain
Researchers from the Institute of Biomedical Research of Salamanca, the University of Salamanca and the Artificial Intelligence Research Institute are developing a smartphone app that leverages blockchain technology and artificial intelligence to help stop the COVID-19 pandemic. Blockchain will enables the app to give each participant a "digital identity" controlled by a private key that brings access a digital version of paper certificates issued by the government. These allow the confirmed healthy to leave home to buy food or to work. Read Full on CoinDesk.

6. Messari CEO Says $3 Billion in Stablecoin are Ready to Enter Crypto Market
Founder of blockchain database startup Messari, Ryan Selkis says there’s a huge amount of crypto capital sitting on the sidelines, ready to move into Bitcoin, Ethereum, XRP and the greater altcoin markets. He says, “There’s now $3 billion++ of stablecoins sitting on exchanges. If investors wanted to cash out of crypto completely, they would have withdrawn funds to banks. Instead, we’ve got more dry powder held in the crypto economy than ever before. In both real and market cap % terms.” Read Full on Twitter.

7. VC Explained the Reasons of ETH 2.0 Being the Largest Economic Shift Ever
Partner at Metacartel Ventures, Adam Cochran, has taken a deep dive into the economic potential of Ethereum and how the next iteration of the platform could be a game-changer. Cochran cites the following reasons for growth: #1 Rent Seekers, #2 Secondary Rounds, #3 Retail FOMO, #4 Actual demand, #5 Whale Cycle Buying, #6 Over Reaching (rounding), #7 Free Burning. Ethereum could play a key role in the inevitable paradigm shift that must be made in order for the global economy to survive. Read Full on Twitter.

8. Bitcoin (BTC) Price May Skyrocket Right After Halving
Preston Pysh, Founder of The Investor's Podcast Network and Buffet's Books, argued that the Bitcoin halving itself will boost the profits for efficient miners. As a result, they won't be interested in selling their Bitcoins (BTC) because the price may grow. At the same time, speculators will be active and try to make the price go through the roof in the face of decreased supply and greed-powered demand. Thus, the activity of speculators hand in hand with the confidence of miners may catapult the price of the flagship cryptocurrency to a new ATH. Read Full on twitter.

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