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Financial Giant SBI Issues Japan’s First Digital Corporate Bonds With XRP Benefits

Mark Brennan
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Financial Giant SBI Issues Japan’s First Digital Corporate Bonds With XRP Benefits

Financial giant SBI, Ripple’s largest partner in Japan, is offering its customers bonus payments in XRP if they participate in the firm’s tokenized corporate bonds offering, Japan’s first security token offering for general investors (STO).


According to the Twitter account of SBI Group CEO Yoshitaka Kitao:

 

Tweet Translation:

“Notice of Implementation of Security Token Offering (STO) for General Investors for the First Time in Japan-SBI SECURITIES Issued with XRP Benefits Investing in Digital Corporate Bonds.”

According to the SBI press release, the financial giant will soon offer XRP payments to customers who participate in the Bank new offer.

SBI Group, headquartered in Tokyo, intends to issue its tokenized corporate bonds on April 20. The company will provide a bonus in XRP to all investors who participated in the offer.  The number of XRP distributed will be equal to the number of digital securities purchased by each investor. The tokenized bonds will be issued on the Ibet platform.

Back in late 2019, Kitao said that the XRP dividend payment program will be launched before the end of the fiscal year, which ended on March 2020.

Last month, a division of the Japanese financial conglomerate SBI Crypto announced the opening of access to the services of the mining pool, which has been mining crypto assets since 2017, to all customers.

SBI is also in talks with foreign financial firms to create a joint venture focused on cryptocurrencies.

 

Bitmain Gave Some Info On Hashrate Of New ASIC Miner-Antminer E9

Mark Brennan
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Bitmain Gave Some Info On Hashrate Of New ASIC Miner-Antminer E9

Last week, Bitmain announced the development of the Antminer E9 miner for the Ethash algorithm. Now the manufacturer has stated that the hashrate of the Antminer E9 will be higher than that of the 32 Nvidia RTX 3080 graphics cards.


Previously, Bitmain did not disclose details about the new ASIC miner, including the hashrate. However, now the official account of the Chinese manufacturer on the social network Twitter has released a teaser, according to which the hashrate of one Antminer E9 will be equal to a farm of 32 Nvidia RTX 3080 video graphics cards.

 

According to WhatToMine, one RTX 3080 video card produces a hash rate of 91.5 Mh/s when mining cryptocurrencies using the Ethash algorithm. Thus, 32 video cards will produce 2928 Mx/s. At current prices, the profit from one Antminer E9 miner excluding electricity costs will be $311 per day.

Bitmain still hasn’t announced a start date for the new ASIC miner. Also, the device cost and the power consumption are unknown, so it is not yet possible to calculate the payback of a new miner.

However, the indicators are already quite impressive – now the InnoSilicon A10 Pro model is the leader in the ASIC miners market for the Ethash algorithm, which produces up to 750 Mh/s.

The Antminer E9 hashrate will be four times higher than the current miner.

Recall that Nvidia is trying to limit the ability to mine cryptocurrencies on its video cards – miners are encouraged to use special devices called CMPs.  However, miners have been successfully circumventing the manufacturer’s restrictions so far.

Also Read: Bitmain Announced The Release Of New ASIC Miner For Ethereum Mining

 

 

Shady Twitter Account Fxhedge Tweet Erased $288 Billion From Crypto Market

Mark Brennan
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Shady Twitter Account Fxhedge Tweet Erased $288 Billion From Crypto Market

An unconfirmed headline that the US Treasury is accusing several financial institutions of laundering money in cryptocurrency has caused chaos in the cryptocurrency market.

The headline that allegedly triggered the crash was posted by a shady Twitter account called FXHedge.


Bitcoin fell to the level of $ 51,000, and the altcoins suffered even more serious losses.

The tweet managed to wipe $288 billion off the cryptocurrency market in 54 minutes after being crawled on social media. At the time of writing, it had more than 5000 likes, despite quoting anonymous sources and disabling comments.

 

Jake Chervinsky, general counsel of Compound Finance, writes that he does not consider this tweet credible, since money laundering cases fall under the jurisdiction of the US Department of Justice. He also writes that it would be unusual to charge several financial institutions at once, and such investigations are always kept secret.

 

FXHedge has made false statements in the past, which means that its content should be treated with a high degree of skepticism.

Canada Approves Launch of World’s First Ethereum Based ETF

Jakkk
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Canada Approves Launch of World’s First Ethereum Based ETF

Canada is making a name for itself in cryptocurrency market. Two months after approving the world’s first Bitcoin ETF, Canadian regulators have approved the world’s first Ethereum exchange-traded fund (ETF).


The approval was given to Toronto-based asset management firm, Purpose Investments. Recall that the company was also the first to receive Bitcoin ETF approval from the Ontario Securities Commission (OSC) back in February.

According to the official announcement on April 16, Purpose will manage the ETF, and Ether Capital Corporation will act as a special advisor to Purpose.

Purpose Investments CEO Som Seif expressed his delight, according to him, Ethereum is one of the most exciting technologies in the crypto space.

 

The CI Galaxy Ethereum ETF Fund plans to charge a management fee of 0.4%.

The custodian of the Evolves Ether ETF is Gemini. On April 20, the company plans to launch the instrument on the Toronto Stock Exchange.

The price of ether has been rising over the past week, rising by 35.9% due to the Berlin hard fork and a host of events, reaching an all-time high. The situation is expected to improve with the introduction of ETFs, which are likely to have a positive impact on the price.

These ETFs will be available on the Toronto Stock Exchange (TSX) by April 20. Recently, Ethereum has attracted a lot of interest from institutional investors and corporate structures, as the second largest cryptocurrency in the world by market capitalization revolutionizes the blockchain industry and changes their perception about crypto.

ARK Sells Tesla Shares Worth $99.5 Million To Buy Another $64 Million In Coinbase Shares

Mark Brennan
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ARK Sells Tesla Shares Worth $99.5 Million To Buy Another $64 Million In Coinbase Shares

According to the firm’s daily trading summary, ARK funds bought more shares of crypto exchange Coinbase Global Inc on Friday, selling shares of electric car maker Tesla.


On Friday, ARK bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, for nearly $64 million at the day’s closing price of $342.

There were 134,541 Tesla shares sold at the end of Friday for $99.5 million. Tesla still holds the leading position among the company’s fixed assets by value.

The funds were added to ARK’s innovation fund, the Next-generation Internet ETF, and the Financial Technology Innovation ETF.

Coinbase’s purchases add up to 341,186 shares purchased on Thursday and 749,205 shares purchased on Wednesday.

ARK sold shares of Tesla from its flagship fund and the Next Generation Internet ETF.

Betting on Coinbase gives ARK more indirect access to cryptocurrencies in addition to its big bets on companies like Tesla, which recently invested in Bitcoin and said it would accept Bitcoin as payment for its cars.

Bitmain Announced The Release Of New ASIC Miner For Ethereum Mining

Jakkk
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0
Bitmain Announced The Release Of New ASIC Miner For Ethereum Mining

The manufacturer of mining equipment Bitmain will release a new model of the device designed for mining the second-largest cryptocurrency Ethereum.


The AntMiner E9 model is compatible with the Ethash algorithm. The company did not disclose detailed technical specifications and the cost of the device.

 

According to journalist Colin Wu, Bitmain’s AntMiner E9 hashrate could be around 1,500 MH/s. In February 2021, the revenues of Ethereum miners reached a new record, exceeding the $1 billion mark. More than half of this amount came from transaction fees.

 

In March, the miners of the second largest cryptocurrency by capitalization earned $1.37 billion. The share of transaction fees in the revenue structure was 47%.

Recall that on April 15, the Berlin hard fork took place on the main Ethereum network on block #12 244 000. Four proposals have been implemented, including changes to the gas cost calculation algorithm (EIP-2565 and EIP-2929), as well as new transaction types (EIP-2930 and EIP-2718).

Berlin did not include EIP-1559, which implies burning part of the transaction fees. Its activation was planned in the London hard fork, which is scheduled to take place in July.

Binance Burned $600 Million BNB Making A Record In Dollar Terms

Mark Brennan
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Binance Burned $600 Million BNB Making A Record In Dollar Terms

Cryptocurrency giant Binance has announced that it has burned 1,099,888 BNB for the first quarter of 2021, equivalent to almost $600 Million, setting a record in dollar terms.

Binance burns Binance Coin every quarter of year. The burning process covering the first quarter of this year was in block 157215916.



A transaction fee of 0.002 BNB was paid for the 15th burning operation in which more than 1 million BNB were burned.

Visit Binance explore:

https://explorer.binance.org/tx/935071F4B3EA9BC0104C23DEAEF5919BD0C0B5AD9E780701FC0547E575E1D52E

It makes almost 600 million in dollars.

In two years Binance burned more than 2.2 million BNB. The number of tokens burned in the first quarter of 2021 are 1,099,888, that makes a a new record in dollar terms.

 

 

Dogecoin Marketcap Surpasses Southwest Airlines And Rumors Arise Robinhood’s Restricting Dogecoin Trading

Mark Brennan
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Dogecoin Marketcap Surpasses Southwest Airlines And Rumors Arise Robinhood’s Restricting Dogecoin Trading

The market capitalization of the  Dogecoin (DOGE) which rose more than 300% this week surpass Southwest Airlines, the world’s largest low-cost carrier airline.


Dogecoin reached a new all-time high of $ 0298 at 2: 35 a.m. Universal Time Coordinated (UTC) on the Binance exchange, and its market capitalization exceeded $39 billion.

The cryptocurrency inspired by the Internet meme “Doge” remains significantly larger than Litecoin (LTC) and Uniswap (UNI), firmly holding the eighth place on CoinMarketCap.

The monster’s latest move was prompted by another tweet from Tesla CEO Elon Musk.

 

The WallStreetBets Reddit group, which temporarily lifted the ban on discussing Dogecoin could also contribute to the resurgence of Dogecoin.

DOGE grew by more than 5,000 percent in 2021, dwarfing Bitcoin’s seemingly impressive gains over the same time period.

Rumors Arise As Robinhood’s Restricting Dogecoin Trading

The popular cryptocurrency and stock trading platform Robinhood has found itself at the center of controversy.

There are rumors on social media that Robinhood is restricting Dogecoin (DOGE) trading on its platform just as it did with GameStop (NSE: GME) earlier this year in January 2021.

However, Robinhood clarified in a tweet:

 

Social media rumors began to spread when Dogecoin (DOGE) investors failed to cash out from their Robinhood trading accounts. As most users were willing to lock in profits as DOGE surged more than 250% in just the last three days.

Cryptocurrency Performance Report Of The First Quarter Of 2021

Albert Brown
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Cryptocurrency Performance Report Of The First Quarter Of 2021

CoinGecko, one of the largest data sources in the industry, published the first quarter performance of some of the biggest cryptocurrencies. According to Coingecko, Terra (LUNA) and Pancakeswap (CAKE) gained 2900% in three months.

CoinGecko published its first quarter report today, divided the major crypto coins into four different categories and evaluated their performance from January 1 to March 31.

Categories with 5 tokens in each consisted of DeFi tokens, centralized exchange tokens, decentralized exchange tokens, and the largest market cap cryptocurrencies.

 


DeFi Tokens

Uniswap (UNI)

  • January: +241%
  • February: +26%
  • March: +27%
  • Year-to-date: +442%

ChainLink (LINK)

  • January: +101%
  • February: + 9%
  • March: +19%
  • Year-to-date: +159%

Terra (LUNA)

  • January: +125%
  • February: +265%
  • March: +248%
  • Year-to-date: +2761%

AAVE

  • January: +239%
  • February: +17%
  • March: +9%
  • Year-to-date: +332%

Synthetix Network Token (SNX)

  • January: + 140%
  • February: + 8%
  • March: -5%
  • Year-to-date: + 145%

Central Exchange Tokens

Binance Coin (BNB)

  • January: +18%
  • February: +374%
  • March: +44%
  • Year-to-date: +710%

Crypto.com (CRO)

  • January: +6%
  • February: +117%
  • March: +60%
  • Year-to-date: +268%

OKEx (OKEX)

  • January: -26%
  • February: +172%
  • March: +9%
  • Year-to-date: +118%

FTX Token (FTT)

  • January: +92%
  • February: +133%
  • March: +54%
  • Year-to-date: +591%

Huobi Token (HT)

  • January: +57%
  • February: +100%
  • March: +14%
  • Year-to-date: +257%

Decentralized Exchange Tokens

Uniswap (UNI)

  • January: + 241%
  • February: + 26%
  • March: + 27%
  • Year-to-date: + 442%

PancakeSwap (CAKE)

  • January: + 222%
  • February: + 372%
  • March: + 94%
  • Year-to-date: + 2843%

THORChain (RUNE)

  • January: + 256%
  • February: + 48%
  • March: -3%
  • Year-to-date: + 412%

SushiSwap (SUSHI)

  • January: +207%
  • February: +21%
  • March: +82%
  • Year-to-date: +578%

0x (ZRX)

  • January: +97%
  • February: +73%
  • March: +56%
  • Year-to-date: +431%

Largest Cryptocurrency By Market Cap

Bitcoin (BTC)

  • January: +14%
  • February: +36%
  • March: +31%
  • Year-to-date: +103%

Ethereum (ETH)

  • January: + 78%
  • February: + 8%
  • March: + 35%
  • Year-to-date: + 159%

Binance Coin (BNB)

  • January: +18%
  • February: +374%
  • March: +44%
  • Year-to-date: +710%

Cardano (ADA)

  • January: + 90%
  • February: + 77%
  • March: -9%
  • Year-to-date: +555%

Polkadot (DOT)

  • January: + 72%
  • February: + 107%
  • March: + 10%
  • Year-to-date: + 294%

Main Points Of CoinGecko Report

  • Cryptocurrency Market Capitalization broke past $2 trillion.
  • Bitcoin continues to soar as it broke its previous ATH to $62,907 in April 2021.
  • In Q1 2021 alone, CAKE and LUNA rose up to 2,900% return.
  •  BSC’s TVL three-fold to $20 billion within 3 months, CAKE leading the way.
  •  PancakeSwap became the second-largest DEX .
  •  NFT flipped DeFi in term of Google Trends.
  •  CEXs spot trading volume recorded $1.44 trillion, 59% of which belongs to Binance.

 

For The First Time Grayscale Surpassed $50 Billion In Cryptocurrency Assets Under Management

Mark Brennan
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For The First Time Grayscale Surpassed $50 Billion In Cryptocurrency Assets Under Management

The total amount of assets in the Grayscale Crypto Investment funds reached $50.6 billion. $41.4 billion of the total amount is invested in the Bitcoin trust. The value of the Ethereum-based fund is $7.4 billion.

 

In total, the company manages 14 trusts, five of which Grayscale launched in March 2021. The new products provided the opportunity to invest in Basic Attention Token, Chainlink, Filecoin, Litecoin and Livepeer.



At the beginning of the year, the firm liquidated the XRP-based trust, substituted by Litecoin (LTC) trust . The decision was influenced by the lawsuit of the US Securities and Exchange Commission (SEC) against Ripple.

Grayscale also intends to convert a Bitcoin trust into an exchange-traded fund (ETF).

Grayscale CEO Michael Sonnenshein tweeted that he believes the Grayscale Bitcoin Fund, or GBTC, is likely to surpass the GLD fund by market cap in a few months.

Grayscale doesn’t just deal in Bitcoin, with almost 20% of the company’s AUM spread across a dozen other cryptocurrencies including Ethereum ($7.4b), Litecoin ($405m), Ethereum Classic ($267m), and Bitcoin Cash ($234m). In the last month, five more trusts were created — Decentraland’s MANA ($18.6m), Livepeer ($13m), Filecoin ($7.7m), Basic Attention Token ($4.8m) and Chainlink ($4.5m).

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