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One Stop Cryptocurrency News Cast For April 25th 2020 ?

Image Source | Pixabay.Com

๐Ÿ“ฎ 25-04-2020

๐Ÿ“ˆMarketCap:                  $218  B
๐Ÿ“Š24h Mcap %:                  0.23%
⚠️Bitcoin Dom:                 63.60%

๐Ÿ“ŒActive Coins:                 3,021
๐Ÿ“24h Vol %:                     -1.06%
๐Ÿ’ฒ24h Vol:                         $126 B

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1. Weiss Ratings: Tezos and Cardano Leads in Terms of Technology
Cardano (ADA) and Tezos (XTZ) have just been marked as the top blockchain technology platforms by Weiss Crypto Ratings. Cardano and Tezos are top of the list in terms of technology and have been graded as "excellent" by the cryptocurrency and stock rating firm. Meanwhile Bitcoin (BTC) is simply rated as "fair". Bitcoin and Ethereum have the highest overall rating of the 123 cryptocurrencies measured by the platform, having both achieved an A-grade for adoption. Read Full on Decrypt.

2. IOST Joins China’s Nationwide Blockchain Network BSN
IOST Enterprise Edition Aiou Technology has officially become a qualified developer of China nationwide blockchain network, the Blockchain Ser­vice Net­work (BSN). Backed by Chinese government policy think tank the State In­for­ma­tion Cen­ter (SIC), project aims to provide a trusted and scalable infrastructure for supporting new blockchain projects as well as the development of smart cities and the digital economy. Aiou Technology will now be able participate in the development and testing of the China's Blockchain Ser­vice Net­work. Read Full on medium.

3. Bitcoin Wallets Hodling Atleast 0.1 BTC Hits All Time High
The number of addresses holding at least 0.1 Bitcoin (BTC) has exceeded the 3-million mark for the first time as hodlers brace for the halving. While those holding 0.1 BTC cannot be identified as “whales”, this growth likely reflects the greater adoption and accumulation by retail investors. It also comes at a time when central banks around the world are flooding the economy with money. This may be an attempt on the part of the public to hedge their savings against the debasement of fiat currencies. Read Full on cointelegraph.

4. Venezuela To Combat Hyperinflation With Bitcoin-Backed ‘Cryptodollar’
Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy. It’s still in Alpha, but Valiu has partnered with Latin America food delivery app Rappi, which could offer a large user base to help with adoption when it’s rolled out in full later this year. Valiu hedges BTC into futures contracts and issues USD depository receipts to users which are redeemable for local fiat. Read Full on cointelegraph.

5. Total Crypto Derivatives Volume in Q1 2020 Reached $2 Trillion
A study by TokenInsight indicates that the total futures trading volume in the crypto industry reached over $2.1 trillion in Q1 2020. This is an increase of 314% from the 2019 four quater's average. According to the the report, the total market turnover in Q1 2020 was roughly eight times than Q1 2019. The average daily trading volume of the whole market during the first quarter of 2020 hit $23.3 billion an increase of 274% from 2019. The highest daily trading volume was $62.5 billion. Read Full on cointelegraph.

6. Bitcoin Mining Company Ebang International Files for $100 Million US IPO
Ebang International, one of the world’s largest bitcoin mining machines manufacturers, has just formally filed for an initial public offering (IPO) in the U.S. Ebang is looking to raise up to $100 million. China-based Ebang intends to list its shares either on the New York Stock Exchange or Nasdaq Global Market under the symbol “EBON,” per the form F-1. The company made 82% of 2019 revenue on designing specific integrated circuit (ASIC) chips for bitcoin mining. Read Full on nasdaq.

7. Metropolitan Commercial Bank's Crypto Deposits Increased by 24% in Q1
Crypto-friendly Metropolitan Commercial Bank – one of the few U.S. banks openly serving the crypto industry – reported $25 million more in deposits from crypto customers in the first quarter of 2020. The level of digital currency deposits is 24% higher than last quarter but 40 percent lower than the same quarter last year. Metropolitan Commercial highlighted BitPay, Crypto.com, Coinbase and other crypto companies as firms that take advantage of its global payments business. Read Full on CoinDesk.

8. Brave Registered 602,946 Creators Growing by 17% In Just a Month
The popular Brave web browser was able to register a new record in terms of content creators. There are now 602,946 users that have already signed up as verified creators on the platform. In addition to it, in just one month, they have experienced a growth rate of 17%. In the last 30 days, there have been 88,158 new Brave creators verified, followed by 30,541 creators from YouTube and 7,794 from Twitter. Reddit provided 14,604 new creators, Twitch 9,822, Vimeo 19,539 and GitHub 3,029. Read Full on bat

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