Crypto News Cast 📮 19-04-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1922 B
📊24h Mcap %: 92.43%
⚠️Bitcoin Dom: 41.00%
📌Active Coins: 4527
📍24h Vol %: 4.89%
💲24h Vol: $94 B
Crypto News Updates :
- Hyundai Motor Is The First Carmaker To Offer NFTs On Community Participation
- For The First Time In History, Bitcoin Lightning Outperforms Liquid In Capacity
- Cardano-based Decentralized Project TVL Has Risen By 8,000%
- Nearly 3% Of All ETH Is Held By Ethereum Foundation
- With ERC-20 Converter Launch, Cardano Adds About 100,000 Wallets To Its Network
- Gulf Energy Targets A Joint Venture With Binance, Makes Investment In BNB
- The SEC’s Approval Of Bitcoin Spot ETF Is Unavoidable, Says Grayscale’s CEO
- Solana Will Disrupt The Global Payments Industry, Says Billionaire Chamath Palihapitiya
- Over $740million Worth Of BNB Tokens To Be Burned By BNB Chain
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– Hyundai Motor Is The First Carmaker To Offer NFTs On Community Participation
By launching NFTs, Hyundai Motor has become the first company in the automobile industry to enter the community-based NFT market. This is a representation of the company’s mobility solutions, which are part of the ‘Metamobility Universe’ that will be introduced at CES 2022. The automaker has produced a short film highlighting its collaboration with the ‘Meta Kongz’ NFT brand, which assisted in the development of the NFTs. Read Full on Finbold.
– For The First Time In History, Bitcoin Lightning Outperforms Liquid In Capacity
Lightning Network (the oldest and most popular Layer 2 scalability solution for Bitcoin) has seen its total capacity rocket from 1,100 Bitcoins (BTC) to 3,679 Bitcoins after its most successful year of development. Bitcoin-based platform Liquid, boosted its capacity from 3,000 to 3,500 Bitcoins during the same time period. As a result, Lightning has exceeded Liquid in terms of transactional capacity for the first time in its history. Read Full on U.Today.
– Cardano-based Decentralized Project TVL Has Risen By 8,000%
According to network-tracking website DeFiLIama, Wingriders, a decentralized trading platform based on Cardano with native and rapid automated market technology, has increased its TVL by about 8,000 percent in the previous seven days. The strong increase is due to the platform’s formal release, and the $500,000 that remained previous to the listing was most likely owned by individuals who participated in the DEX’s closed testing.Read Full on U.Today.
– Nearly 3% Of All ETH Is Held By Ethereum Foundation
According to a 2021 financial report released today, the Ethereum Foundation’s treasury holds $1.3 billion in Ethereum, $300 million in non-crypto investments, and $11 million in other cryptocurrencies. The foundation had nearly 3% of the entire Ethereum supply as of March 31, 2022. Ethereum Foundation director Aya Mayaguchi explained that as the network evolves, the foundation has started enabling third-party allocators. Read Full on Decrypt.
– With ERC-20 Converter Launch, Cardano Adds About 100,000 Wallets To Its Network
After surpassing the 3 million total ADA wallet holders milestone in 2022, the cryptocurrency added over 450,000 wallets to its network in Q1, 2022, an average of 5,000 per day. Notably, Cardano has added about 100,000 wallets to its network in the last month, and the figure is still growing. Indeed, as of March 17, ADA has 3,159,444 wallets, with a total of 93,630 added between April 17 and 3,253,074. Read Full on Finbold.
– Gulf Energy Targets A Joint Venture With Binance, Makes Investment In BNB
As part of a deliberate effort to obtain exposure to the digital asset sector, Thailand-based Holding Company Gulf Energy has made significant investments in cryptocurrency exchange Binance US and highlighted its pursuit of a joint venture with the global Binance exchange. Gulf Energy’s report also revealed investments in Binance Coin (BNB), the Binance ecosystem’s native crypto asset. Read Full on cointelegraph.
– The SEC’s Approval Of Bitcoin Spot ETF Is Unavoidable, Says Grayscale’s CEO
Some in the financial industry believe it is just a matter of time before the Securities and Exchange Commission approves a spot Bitcoin exchange-traded fund (ETF). One of them is Michael Sonnenshein, the Chief Executive Officer of Grayscale Investments, who voiced hope for the future in an interview with CNBC’s ‘ETF Edge’ on April 17. Grayscale Investments has submitted an application to SEC to convert its Grayscale Bitcoin Trust into an ETF. Read Full on Finbold.
– Solana Will Disrupt The Global Payments Industry, Says Billionaire Chamath Palihapitiya
Solana (SOL), according to billionaire investor Chamath Palihapitiya, will play a role in a market disruption that would threaten the financial dominance of large payment processors. Palihapitiya believes there’s been a boom in activity in the payments industry in the last 90 days, according to a new interview on the All-In Podcast. The move to hike prices, according to Palihapitiya, will provide an incentive for disruption. Read Full on The Daily Hodl.
– Over $740million Worth Of BNB Tokens To Be Burned By BNB Chain
According to statistics from trackers, BNB Chain will burn around 1.8 million binance coins (BNB) in its first burn this quarter. Binance CEO Changpeng Zhao said in a tweet that $741,840,738 worth of BNB will be removed from circulation soon. According to the research, the burn would cost an average of $403 per BNB. To reduce its total supply to 100,000,000 BNB, BNB uses an auto-burn system. Read Full on coindesk.
