Crypto News Cast 📮 04-05-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1740 B
📊24h Mcap %: 11.10%
⚠️Bitcoin Dom: 42.40%
📌Active Coins: 4529
📍24h Vol %: 6.20%
💲24h Vol: $83 B
Crypto News Updates :
- Since March, Cardano Whales Have Accumulated Over 190 Million ADA
- ETH Network’s Q1 Revenue Hits 46% Increase, While Inflation Rate Falls 0.51%
- Ripple CEO Believes The SEC Lawsuit Will Be Settled This Year
- Paul Tudor Jones Explains Why Crypto Is Attracting The World’s Brightest Minds
- Coinbase And Goldman Sachs Partners For The Bank’s First BItcoin-Backed Loan
- With U.S Sanctions And A Sinking Currency, Cubans Are Turning To Cryptocurrency
- Coinbase CEO Brian Armstrong Predicts How Cryptocurrency Will Change Twitter
- Uzbekistan’s President Signs An Executive Order Establishing Specific Crypto Framework
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– Since March, Cardano Whales Have Accumulated Over 190 Million ADA
According to the most recent data from Santiment, The largest Cardano addresses on the network accumulated over 200 million coins of ADA, since the month of March. The transformation in the transfer of cash on whale addresses accompanied the tremendous growth of the DeFi business, as Cardano’s TVL exceeded $300 million in funds locked on multiple platforms and smart contracts. Read Full on U.Today.
– ETH Network’s Q1 Revenue Hits 46% Increase, While Inflation Rate Falls 0.51%
During the first quarter of 2022, the Ethereum network’s revenues increased by 46%, from $1.6 billion to $2.4 billion. The burning mechanism removed almost 87 percent of this earnings, or $2.1 billion, from the circulating supply of ETH. The ETH network’s inflation rate, a metric that quantifies the net change in the quantity of ethereum tokens, declined from 1.10 percent to 0.51 percent in Q1 as a result of this token burning process. Read Full on Bitcoin News.
– Ripple CEO Believes The SEC Lawsuit Will Be Settled This Year
Ripple CEO Brad Garlinghouse stated that the company’s ongoing legal battle with the United States Securities and Exchange Commission has gone well, suggesting that the issue could be resolved this year, but it is an optimistic view, according to him. The case, according to Ripple’s CEO, will set a significant precedent in the sector. He also chastised the agency for attempting to postpone the matter at every opportunity. Read Full on U.Today.
– Paul Tudor Jones Explains Why Crypto Is Attracting The World’s Brightest Minds
Because of the high caliber of talent pouring to the area, Paul Tudor Jones is bullish on crypto. The billionaire investor stated why he feels the digital assets business is positioned to flourish, saying that the space is attracting the sharpest and brightest thinkers. Crypto’s borderless properties, according to Jones, are quite appealing. Jones has previously stated that he owns Bitcoin, but he is most recognized for his work in the traditional financial markets.Read Full on Crypto Briefing.
– Coinbase And Goldman Sachs Partners For The Bank’s First BItcoin-Backed Loan
Coinbase, a popular cryptocurrency exchange, has teamed up with Goldman Sachs for the bank’s first bitcoin-backed loan. The loan provided by Goldman Sachs was the bank’s first bitcoin-backed lending facility. Coinbase got an undisclosed amount of cash in exchange for an equally undisclosed amount of collateralized bitcoin as the borrower. Goldman Sachs has already dabbled in bitcoin, thanks to Galaxy Digital’s non-deliverable bitcoin option.Read Full on Bitcoin Magazine.
– With U.S Sanctions And A Sinking Currency, Cubans Are Turning To Cryptocurrency
According to a recent estimate, more than 100,000 Cubans currently use cryptocurrencies, with the number of users expanding at a massive considerably rate, thanks in part to the advent of mobile internet three years ago. Because most Cubans are unable to use globally approved credit or debit cards like Visa or Mastercard due to US sanctions, many have turned to cryptocurrency for help. Read Full on Finbold.
– Coinbase CEO Brian Armstrong Predicts How Cryptocurrency Will Change Twitter
Decentralized social media (DeSo) is on the rise, according to Coinbase CEO Brian Armstrong, possibly starting with Elon Musk’s acquisition of Twitter. Brian Armstrong believes that the freedom of speech that Elon Musk promotes is worthy of protection in all forms, noting that crypto, in particular, is about economic freedom. According to him, Twitter will effectively adopt a decentralized protocol. Read Full on The Daily Hodl.
– Uzbekistan’s President Signs An Executive Order Establishing Specific Crypto Framework
Uzbekistan’s cryptocurrency rules are progressing, with President Shavkat Mirziyoyev signing a new decree governing the business. The new decree directs the overhaul of the National Agency for Project Management (NAPM), a major presidential agency. The agency is responsible for developing and implementing a uniform governmental policy on cryptocurrency, as well as ensuring investor protection and enforcing anti-corruption measures. Read Full on cointelegraph.
