April 19 Daily report: BTC massive rebound swings toward $60,000, Binance to burn BNB worth $37 billion, Chainlink 2.0 – The next generation of hybrid smart contracts, Crypto euphoria heats up and All Hands on Deck for IOTA’s Chrysalis 2.0

Chainlink 2 0 – The next generation of hybrid smart contracts

Chainlink has released a new whitepaper called Chainlink 2 0: Next Steps in the Evolution of Decentralized Oracle Networks. The new layer enables a product suite of Chainlink Decentralized Services that power a variety of secure, smart contract applications capable of supporting a wider set of use cases.

BTC massive rebound swings toward $60,000

Bitcoin’s gruesome weekend session left retail investors liquidated following freefall to $21,246. Positive sentiment prevails as investors believe the bull run is still on course.

BTC seeks support at $57,000 while bulls eye liftoff above $60,000.

Binance to burn BNB worth $37 billion from 2017 ICO

Binance’s CEO Changpeng Zhao has announced that the exchange team was allocated 40% of the 200 million BNB minted during the 2017 ICO. In a Twitter post, Zhao stated that the exchange team would eventually burn all the allocated BNB tokens. The amount is almost 80 million BNB, equivalent to almost $37 Billion, and it will be burned instead of selling at a profit.

Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up

The subreddits for Dogecoin and CryptoCurrency added a combined 232,697 subscribers last week, far outpacing the growth of all other communities. DOGE’s parabolic rally moderated over the weekend, with social media sentiment data from The TIE and Cointelegraph indicating more pain in the short term.

All Hands on Deck for IOTA’s Chrysalis 2.0

IOTA is ready for a major milestone with the launch of the Chrysalis phase 2 also know as the final stage for IOTA 1.5. The bridge network between IOTA and the Coordicide event which will lead it to full decentralization, Chrysalis will roll out on April 28th, 2021. After this date, IOTA’s current main net will become the “legacy main net”.

The Bank of Brazil is the first state-backed bank to give customers access to a cryptocurrency exchange-traded fund (ETF)

Exchange-traded fund

The launch of Brazil’s first cryptocurrency exchange-traded fund has been delayed, but not because plans have fallen through. The Bank of Brazil (Banco do Brasil) has decided to enter the ETF bandwagon, following in the footsteps of Bank Ita and BTG Pactual.

The new launch date has been set for April 26

According to a letter sent to Hashdex’s clients, the state-backed bank will be able to give its customers the option of purchasing Hashdex’s cryptocurrency exchange-traded fund , which will trade under the ticker “HASH11.”

Customers of the Bank of Brazil, on the other hand, can gain exposure by investing in the fund, which will monitor the Nasdaq Crypto Index (NCI). The letter clarifies that the exchange-traded fund ill make its debut on April 26, 2021, rather than April 22, as previously announced.The banking institution becomes the first public bank in the world to deliver such exposure as a result of this manoeuvre.

According to Hashdex, subscription orders can be placed until April 20th, and only registered agents “who can do this on their own behalf or on behalf of customers” will be able to do so.

The Ita, BTG Pactual, and Genial-coordinated Hashdex Nasdaq Crypto Index (HASH11) is made up of crypto assets including bitcoin (BTC), ethereum (ETH), litecoin (LTC), chainlink (LINK), bitcoin cash (BCH), and Stellar (XLM) .

HASH11 to be Listed on the Brazilian Stock Exchange

Overall, the introduction of the crypto ETF into the Brazilian market indicates that another barrier to crypto adoption has been overcome. Small investors are barred from participating in the crypto industry due to the “extreme risks” it poses, according to CVM (Securities and Exchange Commission) regulations.

Furthermore, professional investors with over 10 million Brazilian real ($1.79 million) in financial markets assets are only eligible to invest in the Hashdex 100 fund offered in Brazil.

HASH11 will be traded on the Brazil Stock Exchange after its formal launch on April 26, 2021.

Source : Aox crypto News

April 17 Daily report: Defi and Exchange Tokens Participate in Crypto Bull Run, Dogecoin Becomes the 8th Largest Cryptocurrency, ETH bonanza, Protocol upgrades, and Google Cloud integration lift EOS price 245% and Crypto Asset Market Could Surge 500x

Dogecoin Becomes the 8th Largest Cryptocurrency After a Tremendous 313% Weekly Gain

The crypto space continues unraveling new milestones, with the latest being Dogecoin (DOGE) entering the top-ten list. At one time, Elon Musk declared that Dogecoin was “the people’s crypto.” His comments sparked a new bout of interest among more conservative investors, especially those who had made a sell-off following a massive rally of the coin in a bid to mirror GameStop’s gains in the largest cryptocurrency ecosystem.

Defi and Exchange Tokens Participate in Crypto Bull Run

While the market showcases its strength by printing new record highs, the decentralized finance (Defi) ecosystem, as well as exchange tokens, were not left behind in the push for new horizons. The Total Value Locked (TVL), a metric provided by DeFiPulse, a decentralized finance market aggregator has soared to new levels in April without signs of a potential slowing down. Such as the 8th Largest Cryptocurrency Dogecoin, Tokens like UniSwap, Polkadot has also seen a positive rally.

ETH bonanza as three North American Ethereum ETFs approved in one day

Canadian stock market investors will soon have a wide range of options to choose from when it comes to Ethereum ETFs. While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day.

Protocol upgrades and Google Cloud integration lift EOS price 245% in 2021

EOS price hit its highest level since 2018 after protocol upgrades and big-name collaborations attract institutional investors. On April 16 EOS price soared to a new high at $8.49 and the current market structure for the altcoin suggests there is room for further upside.

Crypto Asset Market Could Surge 500x

The entire crypto market could increase in size by 50,000%, according to the macro investor and Bitcoin advocate Raoul Pal. In a new interview on the Gestalt University podcast, The Real Vision Finance founder says that the public is generally unprepared for the ways in which digital assets could transform the current financial landscape.

Dogecoin Cryptocurrency Records Biggest Jump in a Day

Dogecoin Cryptocurrency records

Another day, Dogecoin Cryptocurrency records is its highest value, the Meme cryptocurrency that began as a joke. When the article was written, Dogecoin’s coinbase 24-hour window showed 112.89% growth with a current value of $0.29, nearly 30 cents of cryptocurrency. The milestone of reaching 10 cents on 14 April was only two days after the cryptocurrency. The meme-cryptocurrency Elon Musk is always high, and it doesn’t look like it’s twilight anyway. The wave is not twilight. This is a seminal movement involving a thousand buyers, tens of thousands of online posters, and Elon Musk, the wealthiest man in the world. The latter was the highest ever for cryptocurrency.

Every token was less than a cent at the beginning of January. When the GameStop and DogeCoin movements both came to an end in January, the value of DogeCoin rose to 7.5 cents and went well above 10 cents before it slid down to 2.5 cents. The coin has been in the 3-7-cent range during the last few months. Dogecoin Cryptocurrency Records Biggest Jump in a Day, Thanks to Elon Musk and Memes

Elon Musk’s tweets affect

The reasons may also be the tweets of Elon Musk on Thursday: By posting a color, Musk changed the already increased Dogecoin prices to ‘Doge Barking on the Moon,’ which is the title. And then cryptocurrency prices also jumped, well on their ‘moon’ route.

Painted by the Spanish painter and sculptor Joan Miró, the painting is ‘Dog Barking at the Moon.’ It was made in Mont-Roig del Camp, Catalonia, in 1926. Originally from the Albert Eugene Gallatin collection before being legacy in 1952, the painting is now located in the Philadelphia art museum.

The Shiba digitally-themed coin for the first time exceeded eight cents, just a week later, crashed to 2.5 cents. In the last 24 hours, it increased by 53 percent to 8.2 cents, brisking its previous record of 7.8 cents at the end of January.

What does Dogecoin mean?

Dogecoin is a digital coin for electronic transactions like Bitcoin. Doge is a reference to the meme “doge” and has an image of the Inu. It is a cryptocurrency, a digital monetary form that allows for transactions between peers across a decentralized network, much like Bitcoins.

The Doge has been employed to donate money to charities since its inception. This included the 2014 Jamaican Bobsled Team, who could not make it possible for a Nascar driver called Josh Wise to attend the Olympics in Sochi, and doge4water, a clean water project in Kenya.

Palmer, an Australian marketer, was at the peak of popularity in 2013 when two of the most talked-about internet topics were combined: cryptocurrency and Doge. He purchased the domain Dogecoin.com and uploaded Shibe on a coin.

“If you want Dogecoin to become a reality, contact it,” the website said. Billy Markus, an IBM software engineer, has come into contact and made Dogecoin live on the other side of the world. The volume of the cryptographic data company CoinMarketCap increased by over 60% in the last 24 hours and was 1,421 percent.

The Dogecoin peak prices in 2018 stood at about two cents just before the other cryptocurrency collapsed. Reportedly, Dogecoin lost almost 90% of its value at the beginning of 2019 and had been trading for a fraction of a penny… so far.

Source : News18

April 16 Daily report: Ethereum price cracks $2,500 for the first time in history, Bitcoin price uptrend to $65,000, Robinhood’s Crypto Trading Facility Faces Outage, Full decentralization pushes Maker (MKR) price above $4K

Robinhood’s Crypto Trading Facility Faces Outage Amid Rumors of Restricting Dogecoin Trading

Dogecoin (DOGE) has once again registered a phenomenal rally surging 114% in the last 24 hours and hitting its all-time high of $0.29. With DOGE valuations soaring to $34, Dogecoin also makes an entry to the top-ten list as the eighth largest cryptocurrency leaving behind Litecoin (LTC), Uniswap (UNI), and Chainlink (LINK) once again.Robinhood’s Crypto Trading Facility Faces Outage, Full decentralization pushes Maker (MKR) price above $4K
According to CoinGape

Bitcoin price uptrend to $65,000 decelerates amid potential bearish comeback

Bitcoin has resumed the sluggish price action a day after hitting a new record high close to $65,000. The recent upswing occurred after Coinbase was directly listed on the Nasdaq exchange. This was a moment of reckoning, not only for Coinbase but for the whole cryptocurrency industry.

Ethereum price cracks $2,500 for the first time in history, shifts attention to $3,000

Ethereum price is on a roll to new all-time highs following a recent break above an ascending triangle pattern. As discussed on Thursday, establishing support above $2,400 was key to securing the uptrend to $2,500. Besides, bulls will have the opportunity to focus not only on the triangle target but the rise to $3,000. Crypto Trading is high in this week with Ethereum price, Bitcoin Price.

The shift toward full decentralization pushes Maker (MKR) price above $4K

Maker price rallies to a new all-time high as the MakerDAO community makes preparations to become fully decentralized. While the largest stable coins in the market are currently controlled and issued by centralized entities like Tether or Circle, DAI and its issuer Maker (MKR) is one stable coin project that keeps with the ethos of decentralization that the cryptocurrency community is founded on.

Google Cloud integrates Band Protocol for real-time crypto price data

Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band. Band launched in September 2019 as an ERC-20 token before migrating over to the Cosmos chain in June 2020.

Ethereum extended its rally to a new all-time high near $2,450

In comparison to the US dollar, Ethereum extended its rally to an all-time high of around $2,450. The ETH prices are now stepping up profits and are highly likely to increase above the level of $2,450.

Ethereum extended traded above $2,400 and overtook close to the level of $2,450.

The price is well over $2,400 now, with a moveable average of 100 hours per hour.

The ETH/USD hourly chart contains a major trend line with the support of around $2,370. (data feed via Kraken).

Shortly, the two are expected to continue to grow to levels of $2,480 and $2,500.

Ethereum extended is holding income.

Ethereum stays above level $2,300 in a positive zone. ETH extended its rally to $2,400, which is short-term over Bitcoin.

It has traded to a whole new height of close to $2,450 and settled well above the simple average of 100 hours. It is just under $2.420 now to correct profits and trading. A test of the 23,6% fibre renewal level for the upward movement has been carried out between $2,293 and $2,450.

On the downside, major support is formed near the level of $2,400. Nearly $2,375 is the next major support. The ETH/USD hourly chart has also been supported by a significant bullish trend line of almost $2.370.

The trend is close to the level of 50 percent Fib of the upward transition from the lower to 2.450 dollar swing. The $2,450 level upside is one of the biggest resistance areas. A successful closing above the level of 2,450 dollars can set the pace to reach the level of 2,500 dollars.

ETH-supported dips?

If Ethereum fails to clear the resistance of $2,450, it may rectify lower. Now nearly the $2.400 level is the first big support.

The main aid is now near the trend area and the $2,3750 level. If Ether doesn’t remain above the support area of $2375, it could go down to the support zone of $2330. If the bulls fail to protect the $2,330 aid, doors to $2,320 support could be opened.

MACD hourly – the MACD for ETH/USD in the bullish zone is slowly losing momentum.

Hourly RSI: The RSI is much higher than 60 for ETH/USD now.

High level of support – $2,375.

The maximum level of resistance – $2,450

Source: NEWSBTC