Crypto News Cast đŽ 31-05-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
đMarketCap:Â Â Â Â Â $1313 B
đ24h Mcap %: Â Â Â Â 38.13%
â ď¸Bitcoin Dom:     46.40%
đActive Coins: Â Â Â 4539
đ24h Vol %: Â Â Â Â Â 22.31%
đ˛24h Vol:        $97 B
Crypto News Updates :
- Cardanoâs Network Activity Comes After Bitcoinâs, According To Hoskinson
- The Capacity Of The Bitcoin Lightning Network Hits New ATH At 3900 BTC
- Raoul Pal, A Macro Expert, Explains Why He Prefers Ethereum To Bitcoin
- Due To Terra-Like Stablecoin, Tron Has Become DeFiâs Third-largest Blockchain
- Argo CEO Peter Wall Describes Bitcoin As Gold 2.0 And An Inflation Hedge
- Fashion Company, Prada Joins Top Rank Luxury Brands In Web3 With Ethereum NFTs
- Despite Industryâs Instability, MoneyGramâs CEO Believes Stablecoin Remittances Are The Future
- Towerbank, Panamaâs Top 30 Bank Opens Its Doors To Cryptocurrency
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â Cardanoâs Network Activity Comes After Bitcoinâs, According To Hoskinson
According to data provided by Messari, Cardanoâs 24-hour transaction volume was $9.57 billion, second only to Bitcoin and greater than Ethereum, according to Charles Hoskinson, Co-Founder and CEO of Input Output Global (âIOGâ), the organization responsible for Cardanoâs research and development. Bitcoin, Cardano, and Ethereum each had $10.32 billion, $9.24 billion, and $2.52 billion in 24-hour transaction volumes, respectively. Read Full on CryptoGlobe.
â The Capacity Of The Bitcoin Lightning Network Hits New ATH At 3900 BTC
According to data from Bitcoin Visuals, the capacity of the Bitcoin Lightning Network reached an all-time high of 3915.776 BTC, demonstrating a dedication to the goal of boosting BTC transaction speeds and lowering fees over the layer-2 protocol. However, on April 18, the increase was temporarily halted when LN capacity declined 7.7% in a week, from 3687.051 to 3402.273 BTC levels. Read Full on cointelegraph.
â Raoul Pal, A Macro Expert, Explains Why He Prefers Ethereum To Bitcoin
Raoul Pal, CEO of Real Vision and a macro expert, believes that Ethereum (ETH), the top smart contract platform, would likely outperform Bitcoin (BTC) in the long run. Pal continues to be bullish about Ethereum, claiming that other altcoins would eventually surpass the king crypto. He claims that the rates of change in total value and number of active wallets are larger in Ethereum, explaining why Ethereum has outperformed Bitcoin in recent years. Read Full on The Daily Hodl.
â Due To Terra-Like Stablecoin, Tron Has Become DeFiâs Third-largest Blockchain
Tron, the blockchain founded by Justin Sun and debuted in 2018, is now DeFiâs third-largest blockchain by total value locked (TVL). The total value locked across Tronâs nine separate apps is approximately $5.9 billion, up 44 percent in the last month, according to DefiLlama. BNB Chain and Ethereum, the market leader, are the only two chains ahead of it. Binance Smart Chain has a TVL of $10.8 billion, while Ethereum has approximately $93 billion. Read Full on Decrypt.
â Argo CEO Peter Wall Describes Bitcoin As Gold 2.0 And An Inflation Hedge
In an interview with CNBC, Peter Wall, the CEO of major crypto mining business Argo, said that Bitcoin (BTC) is âgold 2.0â and would eventually become a hedge against inflation, even though it doesnât appear to be at the time. Bitcoin âs 21 million coin limit, as well as its decentralized and permissionless character, according to Wall, will allow the flagship cryptocurrency to grow into digital gold. Read Full on cryptoslate.
â Fashion Company, Prada Joins Top Rank Luxury Brands In Web3 With Ethereum NFTs
Gucci, Balmain, and Balenciaga are all going into cryptocurrency, and Prada is following suit with the launching of its own NFTs. Prada will distribute 100 Ethereum NFTs on Thursday to coincide with the premiere of their Timecapsule clothing. With the purchase of physical merch from Pradaâs latest collaboration with Cassius Hirst, son of artist Damien Hirst, purchasers will receive a complimentary airdropped NFT. Read Full on Decrypt.
â Despite Industryâs Instability, MoneyGramâs CEO Believes Stablecoin Remittances Are The Future
MoneyGram International has partnered with the Stellar (XLM) blockchain to offer a service that allows users to transmit stablecoins and convert them to fiat currency. Users with digital wallets on the Stellar blockchain will be able to convert their holdings into Circle Internet Financialâs USD Coin (USDC) stablecoin i.e. facilitating money remittances, which CEO Alex Holmes believes is the way of the future. Read Full on Finbold.
â Towerbank, Panamaâs Top 30 Bank Opens Its Doors To Cryptocurrency
Towerbank, a Panamanian financial institution with over 200 staff and 40 years of banking experience, has proclaimed itself Bitcoin (BTC) friendly, allowing crypto accounts to be opened. Representatives from Towerbank welcomed crypto enthusiasts to register accounts with the bank and deposit withdrawals from exchanges without worry. Transactions involving cryptocurrency are limited to $5,000 per month.Read Full on.
