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One Stop Cryptocurrency News Cast For April 26th 2020 ?

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๐Ÿ“ฎ 26-04-2020

๐Ÿ“ˆMarketCap:                  $219  B
๐Ÿ“Š24h Mcap %:                  0.14%
⚠️Bitcoin Dom:                 63.70%

๐Ÿ“ŒActive Coins:                 3,023
๐Ÿ“24h Vol %:                     -2.59%
๐Ÿ’ฒ24h Vol:                         $121 B

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1. Chile LocalBitcoins Volume Hits All-Time High Amid Crisis
Weekly trading volume in Chile’s fiat currency recently touched a new all-time high. As per Cryptocurrency market data platform CoinDance LocalBitcoins volume in Chile reached a new record of over 330 million Chilean pesos in the week ending on April 4. It is worth noting that these figures are also influenced by the depreciation of the Chilean peso. According to data from foreign exchange website XE, the currency fell by over 6.45% against the dollar in the last two months alone. Read Full on cointelegraph.

2. Tyler Winklevoss: The Fed Has Set the Stage for Bitcoin to Rise
In order to cushion the US economy against the economic effects of the Coronavirus, the Federal Reserve has continued to institute monetary policies that have left many crypto enthusiasts predicting that investors will flock to Bitcoin (BTC) to avoid inflation with respect to the United States Dollar. In a recent tweet, the Co-Founder and CEO of the Gemini exchange, Tyler Winklevoss, explained that the recent actions by the Federal Reserve bank to combat a Coronavirus induced recession have set the stage for the rise of Bitcoin. Read Full on twitter.

3. Join 'Virtual Blockchain Week' and Get The Chance to Win A Bitcoin ATM
Virtual Blockchain Week is a live streamed virtual conference with registration FREE to the general public. Many speakers including John McAfee, Binance's CEO Changpeng Zhao and Joff Paradise, founder of the CryptoMaticATM is set to speak in the event. Event's Free ticket give you access to hear from all industry expert and a chance to win one of TWO Cryptomatic ATM Machines and more! While Event's VIP Experience includes virtual networking and “Meet & Greets” with conference speakers and industry influencers, exclusive event offers and bonus content from speakers and sponsors, FIVE (5) extra chances to win a CryptoMatic ATM. Read Full on virtualblockchainweek.

4. Twitter CEO Jack Dorsey Praises Bitcoin
In a podcast interview with tech researcher, Lex Fridman, Twitter CEO and co-founder, Jack Dorsey told, Bitcoin whitepaper is one of the most seminal works of computer science in the last 20 or 30 years. He referred Bitcoin's white paper as Poetry, something that is pretty organic in nature, and very principled in its original design. Dorsey further told that, he thinks the most beautiful thing about it, is there's no one person setting the direction, and there's no one person, on the other side, that can stop it. Read Full on youtube.

5. Dole to Integrate IBM’s Food Trust Blockchain To All of Its Division
Dole Food Company, the world’s largest producer of fruit and vegetables, has revealed a five-year plan to expand its adoption of distributed ledger technology, or DLT, for supply chain tracking. The report announces that Dole will comprehensively overhaul its food tracing systems, including the goal of integrating blockchain-based product-tagging and advanced traceability solutions into all of its divisions by 2025. “Blockchain cuts the average time needed for food safety investigations from weeks to mere seconds,” states Dole. Read Full on cointelegraph.

6. On-Chain Metrics Paint Bullish Bitcoin Price Picture 
Blockchain data platform Glassnode has revealed some on-chain metrics that indicate optimism around the Bitcoin price in anticipation of the upcoming halving. 42.83% of the circulating Bitcoin supply has not moved in the last two years, which indicates long-term holders were not shaken by the crypto asset market’s decline in March. HODLers capitalised on the discounted BTC and increased their positions. Finally, there are also indications that interest from retail investors has risen, with the number of low balance Bitcoin addresses recently hitting new all-time highs. Read Full on Forbes.

7. Ex- Deutsche Bank Veteran to Launch Bitcoin Trading Desk
FXcoin Ltd. is all set to offer Bitcoin trading options on the platform as the firm has started accepting applications from customers. Backed by SBI Holdings Inc, a Japanese conglomerate with significant involvement in the crypto space, FXcoin is one of the 23 entities registered with Japan’s Financial Services Authority. CEO of FXcoin, Onishi believes that the global COVID-19 crisis will pave the way for fresh money to flow into the crypto industry. He also states that he is bullish on crypto, especially because of the fact that digital currencies don’t correlate to traditional assets. Read Full on The Daily Chain.

8. Binance Options Contract Hits $295M in Traded Volume
Major crypto exchange Binance claims to have become the largest options venue in the cryptocurrency market, having hit $295 million in traded volume as of April 20. The vice president of Binance Futures, Aaron Gong, said that the platform had overtaken its counterparts by daily traded volume on April 14 just one day after its official launch. 
An options contract offers traders the chance to purchase either a right to buy (a “call option”) or sell (a “put option”) on a given asset at a specified “strike price.” Read Full on cointelegraph.

9. EY Exec Urges Businesses To Use Public Ethereum Network
Paul Brody, blockchain leader for big four accounting firm Ernst & Young, recently highlighted Ethereum as the best path for blockchain-based industry solutions. The key, according to Brody, is focusing on leveraging the public blockchain and all of its existing tools and developers. Brody explained the firm’s blockchain initiatives need to steer clear of private blockchain solutions. He told, The only way that blockchains will deliver upon their true promise to the world is if public blockchain networks are the preferred path for enterprises and investors. Read Full on The Daily Hodl.

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