Crypto News Cast 📮 21-04-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1938 B
📊24h Mcap %: 21.10%
⚠️Bitcoin Dom: 41.30%
📌Active Coins: 4528
📍24h Vol %: 2.13%
💲24h Vol: $91 B
Crypto News Updates :
- Hut 8 Signs Agreement To Become 100% Self-Sustaining Mining Company
- Binance US Receives License To Operate As Money Transmitter In Puerto Rico
- The NBA Announced ‘Dynamic’ Ethereum NFTs To Be Used In Playoffs
- Despite Falling Institutional Interest, Silvergate Crypto-based Bank Records 90% Income Increase
- German Banking Giant Commerzbank Submitted An Application For A Crypto Custody License
- Shiba Inu Is Now Accepted As Payment Option By Switzerland-Based Company
- Cardano’s Creator Claims Cardano Is Still Early, After Adding 100,000 New Addresses
- Morgan Stanley Predicts Cryptocurrency Will Become More Widely Accepted As Payment Option
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– Hut 8 Signs Agreement To Become 100% Self-Sustaining Mining Company
Hut 8 (HUT), a Canadian crypto miner, has agreed to buy all 960 Whatsminer M31S+ machines from hosting client Taal. Hut 8’s total hashrate will increase by 81 petahash per second (PH/s) to 2.62 exahash per second (EH/s) following the purchase of the machines. The agreement is set to close on May 1, and Hut 8 will become the owner of the mining rigs, rather than paying Taal rent for their use. Read Full on coindesk.
– Binance US Receives License To Operate As Money Transmitter In Puerto Rico
Binance US, the company’s heavily regulated North American business, has been granted a “money transmitter license” in Puerto Rico. According to the April 19 notice, this is the company’s fourth such license clearance in as many months. It also stated that it is seeking to obtain the few remaining licenses that will allow it to operate in all 50 states and territories of the United States. Read Full on CryptoPotato.
– The NBA Announced ‘Dynamic’ Ethereum NFTs To Be Used In Playoffs
On Wednesday, the NBA will start minting an Ethereum NFT collection of 18,000 assets called The Association. NFTs are one-of-a-kind blockchain tokens that show who owns what, such as a work of digital art. In this year’s NBA playoffs, each Association NFT stands for an actual NBA player. Each of the 16 NBA teams will be represented by 75 NFTs. NFT attributes will vary throughout the playoffs based on each player’s real-life performance. Read Full on Decrypt.
– Despite Falling Institutional Interest, Silvergate Crypto-based Bank Records 90% Income Increase
Institutional crypto-fiat gateway network Silvergate Bank saw a 93% increase in revenue and a 94% increase in net income. Silvergate Bank facilitates crypto exchanges and institutional investors to transfer U.S. dollars and euros through its Silvergate Exchange Network (SEN). The rise in revenue has coincided with a reduction in institutional interest, as evidenced by a $142 billion drop in SEN transfers in Q1 2022. Read Full on Finbold.
– German Banking Giant Commerzbank Submitted An Application For A Crypto Custody License
Commerzbank, situated in Germany, is one of the first banks to offer digital asset-related services, announcing its application for a crypto custody business license from the country’s Federal Financial Supervisory Authority (BaFin). The BaFin license is given to financial organizations who want to store and exchange digital currencies for their clients as it’s compulsory for doing business with cryptocurrencies. Read Full on Finbold.
– Shiba Inu Is Now Accepted As Payment Option By Switzerland-Based Company
Fidinam Group, a multinational based in Switzerland, is now taking Shiba Inu as a payment method, according to @ShibaXanders, an admin of the Shiba Inu Venezuela community. Fidinam is said to have operations in Germany, Austria, Belgium, the United Kingdom, the United States, and Spain. Porsche Towson has collaborated with cryptocurrency payment processor BitPay to accept shiba Inu, according to a recent release. Read Full on U.Today.
– Cardano’s Creator Claims Cardano Is Still Early, After Adding 100,000 New Addresses
According to Charles Hoskinson, the developer of the Cardano ecosystem and the founder of IOHK, the Cardano ecosystem has added roughly 100,000 new addresses this month alone, indicating a healthy outlook. He believes Cardano is still in its early phases of acceptance, with various decentralized solutions including as lending and borrowing platforms, stablecoins, NFTs, and NFT marketplaces yet to bloom.Read Full on U.Today.
– Morgan Stanley Predicts Cryptocurrency Will Become More Widely Accepted As Payment Option
Because transaction fees are costly and retailers do not accept cryptocurrency as payment, few individuals use cryptocurrencies to pay for ordinary items, but that is changing, according to Morgan Stanley. The bank points out that payments provider Strike recently announced a deal with point-of-sale supplier NCR and payments business Blackhawk, implying that a big number of American stores and restaurants will soon be able to take bitcoin payments.Read Full on coindesk.
