Bitcoin price stalls as traders warn BTC could dip lower than $55K
Bitcoin (BTC) barely recovered its losses on Thursday as fresh doubts emerged about the bull run continuing this month. Following multiple failed attempts to crack resistance close to all-time highs, analysts were becoming wary of a further dip and a temporary halt to further price gains.
Tesla’s landlord accepts crypto
The Tesla CEO now has the chance to pay his rent in BTC following its adoption by the real-estate firm he uses. After becoming a corporate pioneer in cryptocurrency adoption, Elon Musk could be about to take the next step and begin paying rent in Bitcoin (BTC). Owner Rick Caruso said there hadn’t been a rush to pay rent using Bitcoin just yet but noted that the investment the company made had already turned out to be profitable.
1inch, Celsius (CEL) and PancakeSwap (CAKE) rally as traders return to Defi
Lucrative staking pools and reduced transaction fees are luring Defi investors to 1inch, Celsius and PancakeSwap. An encouraging sign from this most recent market-wide sell-off is traders are viewing this as an opportunity to buy rather than panicking. This suggests that the sentiment remains bullish.
The new petition asks SEC chair nominee Gary Gensler to drop Ripple lawsuit
An XRP advocate started a petition to SEC chair nominee Gary Gensler, asking him to end the lawsuit against Ripple should he be confirmed as the new chair. The Ripple community has launched a new petition to “stop the war” on XRP.
Global crypto market crosses $2tn for 1st time
Led by Bitcoin, the global cryptocurrency market has zoomed past $2 trillion in market capitalization amid a surge in institutional demand. Bitcoin alone has contributed more than $1 trillion after its price more than doubled in 2021 and is currently hovering around $57,000 per digital coin. The other key cryptocurrencies –Ethereum, Binance Coin, Polkadot, Tether, and Cardano – have a combined value of about $422 billion.
Roxe, a global payment service network for the next generation, today announced the launch of a pilot package as a
Roxe payment node in India for blockchain-based transfer products and services in India by BuyUcoin, a leading digital asset exchange platform. roxe is a fast, secure, and reliable way for a bank to clear and settle remittances and payments in seconds instead of days.
This network is intended to save significant time and costs for financial institutions through blockchain technology to provide rapid, inexpensive, and highly reliable clearance and cross-border payment and transfer payments.
The news shows a continual drive in the integration of traditional finance with decentralized technologies as traditional and digital finance institutions increasingly take over the blockchain. The Roxe network is designed to save significant time and costs to financial institutions, with the aid of blockchain technology, for highly reliable, safe, and real-time clearing of payments, transfers, traditional assets, and digital assets, and cross-border settlement.
“The US to India is a large remittance growth market as we continue our global expansion and lead the payments industry shift from a traditional account model to a new blockchain-powered paradigm,” said Haohan Xu, chief executive officer of Roxe. “Today’s international payment and remittance systems are too slow, too expensive, and too unreliable. Our partnership with BuyUcoin can enable Roxe customers to send remittances much faster, cheaper, and more reliably to India.”
“Our partnership with Roxe reflects our focus and innovation in providing the easiest, fastest, and most cost-effective products and services to all of our customers,” said Shivam Thakral, chief executive officer and co-founder of BuyUcoin. “We’re on a mission to bring digital assets to millions in India. We believe that our partnership with Roxe will be the next major milestone to advance further on our team’s vision.”
Technology from Roxe enables members to access a blockchain network authorization so that they can be set in seconds rather than in days. Contrary to previous approaches which attempted to clear and settle using a digital asset, Roxe Member Nodes can transfer numerous different assets and asset classes and settle them. Roxe’s network currently supports US Dollars, major currencies, and fiat from countries such as Nigeria, Egypt, Turkey, India, the Philippines, Mexico, and Brazil. The Roxe network is designed to support USD.
Caruso Partners With Gemini In Industry First To Bring Blockchain Technology And Bitcoin To Caruso Properties Across Southern California.
LOS ANGELES, April 7, 2021 — Caruso, one of the largest and most admired privately held real estate companies in the United States, announced today a cryptocurrency investment through a partnership with Gemini, a cryptocurrency exchange and custodian. Caruso made a significant initial investment in bitcoin as part of its treasury management strategy, making them the first in the real estate industry to adopt the technology, and they continue to pioneer new technology and experiences for their guests throughout their retail ecosystem. Caruso will accept bitcoin rent payments for both residential and retail properties, subject to applicable laws, reinforcing the company’s belief in cryptocurrency’s robust future.
This collaboration marks the start of a comprehensive, long-term relationship aimed at bringing cryptocurrency, non-fungible tokens (NFTs), and blockchain applications to Caruso properties to engage millions of visitors across their ecosystem, and it is a sign of Caruso’s commitment to the blockchain unwavering faith in the future of bitcoin and cryptocurrency, including its potential mainstream commercial and financial services applications around the world. Blockchain technology is very helpful for this cryptocurrency. Increasing presence in the blockchain news and knowledge base.
Blockchain technology
Blockchain technology is an especially promising and revolutionary technology because it helps reduce risk, stamps out fraud, and brings transparency in a scalable way for myriad uses. Blockchain News – Caruso Partners with Gemini Industry First To Explore Southern California Blockchain Technology and Bitcoin To Caruso Properties. Blockchain technology seems complicated, and it definitely can be, but its core concept is really quite simple. Blockchain technology is a type of database. To be able to understand blockchain technology, it helps to first understand what a database actually database is a collection of information that is stored electronically on a computer system. Being on point and aware of the Blockchain news with BuyUcoin Crypto-Labs cover all that you need to know.
We have partnered with the most innovative company in cryptocurrency management and blockchain technology because they are reinventing the way we do business for tomorrow,” said Rick Caruso, Founder, and CEO of Caruso. “I believe Bitcoin and cryptocurrency will play an important role in our collective future, and working with Gemini now will bring unparalleled experiences and pioneering technology that add real value to our guest experience. We envision a myriad of opportunities where we can better engage our guests and enhance their experience on our properties like introducing blockchain-enabled rewards and enabling cryptocurrency payments. Partnering with Gemini on consumer applications will bring endless options, but we also see a future of how this technology will bring people together.
“We are thrilled to partner with Caruso as they continue to push the real estate sector to new heights by embracing cryptocurrency for the benefit of both their customer experience and their business operations,” said Tyler Winklevoss, CEO of Gemini. “We are excited to help them execute their digital asset treasury strategy and advise them more broadly throughout their cryptocurrency journey.
Caruso has been improving the guest experience since its inception. Meeting customers and visitors where they are and where they are going is critical to the company’s operations. This collaboration demonstrates that the real estate company’s roadmap is deeply aligned with innovative technology, as is its mission to provide decentralized retail payment options to their guests via simple, efficient, and secure transactions protected by blockchain technology. Caruso one of the largest privately-held real estate and hospitality companies in the U.S has announced its investment into cryptocurrency. Creating a budge in both cryptocurrency and Blockchain news sources.
Concerning Caruso
Caruso is one of the world’s most successful, productive, and profitable real estate development and hospitality firms. The privately held company, headquartered in Los Angeles, California, owns and operates a diverse portfolio of retail, residential, and mixed-use properties known for their award-winning architecture, unparalleled quest experiences, and commitment to their local communities. Caruso’s expertise in developing beloved town centers has made its properties sought-after locations for retail flagships, new-to-brick-and-mortar tenants, and innovative dining and entertainment concepts. Caruso’s properties, which are consistently ranked among the top shopping centers in the world, continue to outperform industry standards in terms of occupancy rates and average sales per square foot.
The Grove and The Americana at Brand are among Caruso’s world-class portfolio and marquee shopping and dining destinations, as are luxury residential building 8500 and The Masonic Temple, a restored 1929 Art Deco landmark converted into innovative Class-A office space. The company continues to invest in new lines of business, including the newly opened, first-of-its-kind retail, dining, and entertainment destination Palisades Village, as well as the ultra-luxury five-star beachfront resort Rosewood Miramar Beach in Montecito, California.
Gemini Trust Company Information
Gemini is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store over 30 different cryptocurrencies such as bitcoin, bitcoin cash, ether, litecoin, and Zcash. Gemini is a New York trust company subject to the New York State Department of Financial Services and the New York Banking Law’s capital reserve requirements, cybersecurity requirements, and banking compliance standards. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower individuals through the use of cryptocurrency.
Bitcoin bulls return after BTC bounces at a key support level
Bitcoin price appears to be gaining bullish momentum after BTC bounced off the lower Bollinger Band. The market-wide sell-off led to $1.4 billion in liquidations and some analysts suggested that this could be the final sweep out of overleveraged long traders before Bitcoin can make a run higher to the $70,000 level.
AllianceBlock brings Defi product suite to Avalanche
AllianceBlock, a decentralized layer-2 solution bridging traditional finance and Defi, has announced major product integration with Avalanche, the up-and-coming “Internet of Finance” protocol. Once completed, the product integration will allow users to access AllianceBlock’s Defi Investment Terminal, P2P financial services, nonfungible token capabilities and KYC solutions directly on Avalanche.
New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’
NKN price rallied to a new all-time high as the number of full consensus nodes on the network surpassed 67,000. New Kind of Network (NKN) has emerged over the past month as one of these surprise gainers, increasing 1,400% from a low of $0.052 on March 8 to a new all-time high of $0.779 on April 6. Some of the effects of Bitcoin bulls return can be seen here as well.
Kyber Network introduces Uber-style surge pricing for Defi token swaps
Decentralized exchange Kyber has launched a Dynamic Market Maker, or DMM, in what it claims is a world first. The new platform, which was announced on April 5, has been designed to optimize fees and enable extremely high capital efficiency for liquidity providers. One of the major differences between Kyber’s new platform and regular Automated Market Makers, or AMMs, is the fee generation system.
NFT marketplace for Indian artists
Indian artists can place their digital assets including art pieces, audio files, videos, and even tweets, for auction over the blockchain-based NFT marketplace to earn royalty thereafter. In the past few months, NFTs have garnered significant attention from around the world. Recently, Twitter’s Jack Dorsey sold his first tweet for $2.9 million in an NFT-based transaction. Recently Bitcoin Bulls Return also encouraging crypto traders to invest in the crypto market also in the NFT’s.
The global crypto market, led by Bitcoin, has surpassed $2 trillion in market capitalization, owing to an increase in institutional demand.
Bitcoin alone has contributed more than $1 trillion since its price more than doubled in 2021 and is now valued at $57,000 per digital coin.
Combined Value of Global Crypto Market
The combined value of the other major cryptocurrencies – Ethereum, Binance Coin, Polkadot, Tether, and Cardano – is around $422 billion.
Tesla has announced that it will begin accepting Bitcoin as payment. Tesla has already made a $1.5 billion investment in Bitcoin.
Tesla CEO Elon Musk announced late last month that people in the United States can now purchase a Tesla using Bitcoins and that the option to pay with the popular cryptocurrency will be available to people in other countries later this year. Increasing the involvement of the Global crypto market in automobile purchases and increasing the value of Tesla.
Shivam Thakral Thoughts about Crypto Market
According to Shivam Thakral, CEO of BuyUcoin, digital assets have outperformed all other asset classes this year, with Bitcoin and Ethereum increasing by 100% and 190%, respectively.
Tesla CEO Elon Musk announced late last month that people in the United States can now buy a Tesla with Bitcoins and that the option to pay with the popular cryptocurrency will be available to people in other countries later this year.
According to Shivam Thakral, CEO of BuyUcoin, digital assets have outperformed every other asset class this year, with Bitcoin and Ethereum increasing by 100% and 190%, respectively.
“The growing global support for crypto industry is not surprising as think tanks/institutions across the globe have realised the importance of digital assets and want to take first mover advantage. There is no other asset class in the world which can provide such a strong hedge against inflation,” Thakral said in a statement on Wednesday.
In India, with Union Finance Minister Nirmala Sitharaman stating that all cryptocurrency windows will not be closed, industry stakeholders last month stated that a positive move at this point can open up a slew of opportunities for the country. The leading cryptocurrency players in India, represented by the IAMAI (Internet and Mobile Association of India), have urged the Indian government not to ban cryptocurrency, arguing that a robust mechanism to regulate the ecosystem is required. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, has been scheduled for introduction, consideration, and passage in the current session of Parliament.
According to reports, India intends to launch its digital currency, dubbed the Central Bank Digital Currency (CBDC).
This measure will be consistent with the plans of many central banks to issue their digital currencies.
Bitcoin wallet firm Exodus earlier this year sold $75 million in common stock in the company, purchasable only through its wallet. The sale was notable for the company’s decision to only accept Bitcoin……….. Read Full Coverage
The IAMAI’s Blockchain and Crypto Assets Council would establish a formal board of lawyers, technological experts, and fintech compliance experts to assure self-regulation. Read Full Coverage….
Coinbase stated Tuesday that it has formally listed dogecoin on Coinbase Pro, a huge milestone that exposes the “joke” cryptocurrency to one of the world’s top bitcoin and crypto exchanges, after teasing it earlier this month. In a blog post, Coinbase stated that it will “immediately” begin accepting inbound dogecoin transfers to Coinbase Pro in … Continue reading “Dogecoin Price might Explode Soon as Joke Crypto gets Listed on Coinbase Pro”
Polkadot futures open interest hits $1B, Kusama (KSM) is set to change the crypto landscape, Litecoin On The Verge Of Monster Move Against Bitcoin, Defi heats up and Balancer to Appear Outside Ethereum
Polkadot futures open interest hits $1B as DOT price reaches a new ATH
The open interest of Polkadot futures soared to $1 billion, eclipsing Litecoin and XRP to make DOT the third-largest futures market. Now that DOT’s open interest is climbing to a new record high at $1 billion, investors may be worried that another price crash is on the way.
Kusama (KSM) is set to change the crypto landscape
Kusama (KSM) has been showcasing solid financial momentum in recent months, with the value of the cryptocurrency rising from $66 to a whopping $435 over the course of the last 90-days, thereby showcasing a gain of more than 600%. As a result, Kusama has been able to overtake many prominent projects including Tezos, NEO, NEM.
Litecoin On The Verge Of Monster Move Against Bitcoin
Bullish technicals on the LTC-BTC trading pair are indicating a massive move against Bitcoin. Turning upward the last time in early 2017, took Litecoin to its current all-time high. After holding onto the top ten like a champ, it could finally be time for digital silver to shine.
Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as Defi heats up
Aiming to reduce the cost of transacting within Defi is attracting developers and investors to Celer Network, Cartesi and Compound. Decentralized finance assets have also rallied significantly as the total value locked in Defi reached $100 billion on April 6 according to data from Defi Llama. At the start of the year, the TVL metric was only $20.74 billion, which shows there has been a massive amount of growth in the space.
Balancer to Appear Outside Ethereum Could Become Algorand’s Uniswap
Balancer, one of the largest decentralized exchanges built on Ethereum, is coming to Algorand. It’s yet another example of a large Defi project expanding beyond Ethereum to one of the Ethereum blockchain’s rivals. In doing so, it beats out larger rival AMMs Uniswap and SushiSwap.
