Cryptocurrency News Roundup For April 15, 2020

Cryptocurrency News Roundup For April 15, 2020
фото показано с : beincrypto.com

2020-4-16 10:53

A new report by on-chain analysis platform Glassnode has revealed that new user activity on the Bitcoin network has grown nearly three-fold over the past month. The data further strengthens previous reports claiming that the number of new users on several cryptocurrency exchanges has increased substantially since the beginning of the COVID-19 lockdown.

The report further stated that despite the spike in onboarding new users, Bitcoin balances on these exchanges continue to fall. This could simply mean that most investors are withdrawing their BTC stashes with the intention of ‘hodling’ rather than indulging in short-term trading.

Meanwhile, in other important news from Wednesday:

The First Images of China’s Digital Yuan

A few ‘leaked’ screenshots appeared on social media earlier today claiming that they were the first visual confirmations of a beta version of China’s much-awaited central bank digital currency (CBDC). Note that BeInCrypto has not yet independently verified the authenticity of these screenshots.

Nonetheless, the alleged leak has since gone viral on Twitter after Sino Global Capital CEO Matthew Graham claimed that he had seen the app firsthand. According to rumors, the digital Yuan, a DC/EP (digital currency/electronic payment), is now a part of a pilot program run by the Agricultural Bank of China.

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Bitcoin’s Realized Volatility Swings Back to Normal

Following a wild few weeks in March when Bitcoin’s volatility reached a whole new level, things seem to have calmed down to an extent. The benchmark cryptocurrency’s realized volatility has come down to normal levels, indicating some sort of relative stability as we inch closer to BTC’s 2020 halving.

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Cryptocurrency Price Analysis: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

Bitcoin’s movement suggests that the bears are in control and the current trend is about to turn bearish. Ethereum’s established support levels and bullish RSI suggests it will soon make a move up towards resistance. XRP, meanwhile, is at a critical make-or-break support level.

Read the Full Analysis

Wyoming Allows Insurance Firms to Invest in Bitcoin

In a first-of-its-kind initiative in the United States, Wyoming has passed a new law enabling insurance firms to invest in cryptocurrencies. The law will come into effect on July 1, 2020.

The state has long been one of the most blockchain and crypto-friendly places in the country. In fact, it became the first state to recognize digital currencies as money last year in January.

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Is DOGE Primed for a Big Move Up?

The DOGE price has broken out above a long-term descending resistance line, indicating that it has begun a bullish trend. However, the price is still consolidating in anticipation of a future upward move. Therefore, it is also possible that it continues trading inside the current range for a period of time.

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$2.45 Million Raised to Bring DeFi to Bitcoin

Atomic Loans, an organization dedicated to providing non-custodial Bitcoin loans, has raised $2.45 million in a seed round led by Initialized Capital. Several heavyweights from the blockchain space including ConsenSys and Morgan Creek Digital also chipped in for the cause.

The funding will be used to build native decentralized finance (DeFi) solutions for Bitcoin.

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The post Cryptocurrency News Roundup For April 15, 2020 appeared first on BeInCrypto.

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In the bustling world of cryptocurrency, the launch of a new tech token often sends waves of anticipation and speculation across the investor community. Such is the case with the strategic introduction of Option2Trade (O2T), a new entrant in the cryptocurrency market that has rolled out an enticing incentive: a […]

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New Research Shows Social Media’s Influence on Cryptocurrencies

Bitcoin’s value may have reached a new low on Sunday, but research proves that social media could do the trick to bring the coin back to its feet. A new study conducted by the Stevens Institute of Technology uses natural language processing and social media analytics to suggest that the coins could be moving per […] New Research Shows Social Media’s Influence on Cryptocurrencies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-27 22:23


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No Cryptos Planned for Issue by Central Banks in Australia and New Zealand

The central banks of Australia and New Zealand denied they would issue their own cryptocurrencies June 26, in a speech calling Bitcoin “fascinating” but “inefficient.” Addressing the Australian Business Economists in Sydney, Tony Richards, head of the Reserve Bank of Australia’s (RBA) payments policy, appeared hawkish on cryptocurrency as Australia’s government devotes considerable funds to

2018-6-26 17:07


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The Central Banks Of Australia And New Zealand Against Cryptocurrencies

The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.

2018-6-26 17:00


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A new business model will take Crypto Exchange Rankings

The recently introduced “trans-fee mining” revenue model is starting to change the cryptocurrency exchange landscape, despite some criticism of the method from industry insiders. According to CoinMarketCap, two exchanges have just shot to the top of the 24-hour trading volume rankings after rolling out trans-fee mining for users. First featured by FCoin, a new exchange launched

2018-6-26 15:58


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Bitcoin in Brief Tuesday: New Patents, Research Centers and a $300M Fund

While short term investors and speculators might not be in the best of shape right now, the long term development of the ecosystem is still advancing on pace. Companies and institutions are continuing to invest time and money for furthering cryptocurrency research as can be seen by the stories featured in today’s edition of Bitcoin […] The post Bitcoin in Brief Tuesday: New Patents, Research Centers and a $300M Fund appeared first on Bitcoin News.

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