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6 Exciting Altcoin News To Follow This Week

Mark Brennan
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6 Exciting Altcoin News To Follow This Week

The crypto market fell more than 10% last week, but entered this week with a positive momentum. According to CoinGecko, the total value of the crypto market has increased by 8.1% in 24 hours, and is over $2 trillion.

Bitcoin leads the market with a positive start, rising above $50,000 again. According to CoinGecko Bitcoin dominance has slightly increased to 51.49%.

The six altcoin with exciting news this week are: Cardano, Solana, Elrond Network, Chiliz, Qtum and My Neighbor Alice plus other major altcoin updates in Top 100.

Cardano (ADA)

News This week: Cardano Africa special on 29 April 2021, 16:30 UTC.

Why To Follow: Cardano will organize a Africa Special program on April 29th. Cardano founder Charles Hoskinson said that on Africa Special they will celebrate the great work they have done so far, and will continue to do. You can attend the Special Africa program, which IOHK Foundation announced to be a very special event, by registering on https://africa.cardano.org.

Solana (SOL)

News This Week: “Solana Season” coming on April 28th.

Why To Follow: Solana team announced Solana Seasons on April 22, without giving any kind of details that what Solana Season will be. That created a lot of interest about Solana Seasons as crypto community is anxiously waiting to know details about Solana Season.

For more Visit: https://solana.com/solanaszn

Elrond (EGLD)

News This Week: Automated market maker (AMM) called Maiar Exchange, built on Elrond infrastructure, will go live on 30 April.

Why To Follow: Maiar Exchange token called MEX will be given to EGLD holders. EGLD holders were able to stake EGDL coin since April 19 to receive MEX tokens. Distributions of MEX coin is expected to begin in the first half of May.

Read More: https://elrond.com/blog/maiar-exchange/

Elrond (EGLD)

  • 28 Apr 2021
  • Mainnet Upgrade
  • “Tokens have been deployed, Activation April 28 ~14:30 UTC Elrond Standard Digital Token model activates token minting.”

Source: https://github.com/ElrondNetwork/elrond-go/releases/tag/v1.1.50

Chiliz (CHZ)

News This Week: Socios.com will Introduce the latest football teams to be officially Tokenized this April.

Why To Follow: Chiliz holders will be able to purchase the fan token for Göztepe on April 27, and Universidad de Chile’s token On April 28.

Chiliz (CHZ)

  • 30 Apr 2021 (or earlier)
  • “Strategic Partnerships, New teams/sports, Gamification Launch, New countries, Fan Token Offerings (FTOs), NFT strategy deployed, during April”
  • “Strategic partnerships during April”.

 

Qtum (QTUM)

News This Week: Hard Fork Launch

Why to follow: There is currently an average of 128 seconds of gap between blocks in Qtum. This number will be reduced to 32 seconds after the hard fork. In addition, the algorithm used for difficulty adjustment and block rewards will be updated.

Qtum (QTUM)

  • 30 Apr 2021
  • New Version Fork
  • “New version massive upgrade to Qtum node, 32 second blocks better for DeFi and small stakers, EVM update, much more, hard fork April 30th.”

 

My Neighbor Alice (ALICE)

News This Week: The very first My Neighbor Alice land sale.

Why to follow: The first plots to go on sale will be on the beautiful island of Nature’s Rest on April 27th. You need to stake your ALICE tokens to be one of the lucky few to be the first land owners on Nature’s Rest as their is very high community interest in My Neighbor Alice land sale. The plots in My Neighbor Alice function as NFTs so it is possible to buy and sell them both in the game and on NFT exchanges.

Read More: https://myneighboralice.medium.com/announcing-the-very-first-my-neighbor-alice-land-sale-6550c8a4a3a2

Other Altcoin Updates (Top 100)

Fei Protocol (FEI)

  • 26 Apr 2021
  • On-chain Voting Proposal
  • “The DAO proposal for on-chain voting will be submitted at 12 PT on Monday, April 26”

Source:

IOTA (MIOTA)

  • 28 Apr 2021
  • Network Update
  • “The network upgrade itself will officially happen on Wednesday, April 28th, 2021.”

Source: https://blog.iota.org/chrysalis-network-migration-release-date/

Helium (HNT)

  • 29 Apr 2021
  • Datacake Integration
  • “The Uplink: Announcing the Datacake Integration on Helium Console, See the Helium Console integration live in action”

Source:

Flow (FLOW)

  • 29 Apr 2021
  • Versus Auction
  • “We’re excited to welcome Flow Versus to our ecosystem”

Source: https://www.onflow.org/post/partner-spotlight-versus

Hedera Hashgraph (HBAR)

  • 29 Apr 2021
  • V0.13.1 Release

  • “Scheduled (Apr 29, 2021, 18:00 UTC): Hedera will be upgrading the Testnet to v0.13.1 to enable Schedule Transactions.”

Source:

 

 

The Graph (GRT)

  • 30 Apr 2021 (or earlier)
  • Subgraphs Migration
  • “The 1st subgraphs will begin migrating to mainnet next month!”

Source:

ICON (ICX)

  • 30 Apr 2021 (or earlier)
  • ICON 2.0 Alphanet
  • “Although the timeline and details could be subject to change, we are trying to push it out to launch the alphanet in mid-April.”

Source:

 

Avalanche (AVAX)

  • 30 Apr 2021 (or earlier)
  • OIN Finance Integration
  • “OIN Finance, a stablecoin and staking derivatives issuance platform, is integrating its OINDAO platform with Avalanche.”

Source: https://medium.com/avalancheavax/oin-finance-to-enable-defi-users-to-mint-stablecoins-using-avax-b4f9570c6b49

Dash (DASH)

  • 30 Apr 2021 (or earlier)
  • Platform Release
  • “Observers can expect the next platform release to occur roughly 6 weeks from now around mid to late April.”

Source: https://blog.dash.org/release-announcement-dash-platform-v0-18-on-testnet-45f421a6bc98

 

Paypal CEO Dan Schulman: Demand For Crypto Is Greater Than What We Expected

Albert Brown
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Paypal CEO Dan Schulman: Demand For Crypto Is Greater Than What We Expected

PayPal CEO Dan Schulman said the demand for cryptocurrencies is several times greater than what we expected. The CEO believes the use of cash will be significantly reduced in the future.


Dan Schulman said in an interview with Time magazine that ten years from now, cash usage would see a tremendous decline, Stating that all payment tools such as credit cards will be eliminated.

The CEO thinks that there will be a much decrease in the use of paper money. Central banks will understand that, and they will not issue paper money as digital currencies will replace the current payment system.

Referring to the difference between cryptocurrencies and CBDCs, Dan Schulman thinks that CBDCs are just digitalized versions of fiat currencies such as the US dollar.

PayPal CEO stated that they have been looking at digital money and distributed ledger technology (DLT) for about six years.

At that time, I thought CRYPTOCURRENCIES were an asset rather than a currency. What we wanted to do was make sure CRYPTO became a little more mainstream. So we could work with regulators before we put anything on the market. 

PayPal users can buy/sell cryptocurrencies since October 2020.

PayPal also allow its US users to pay with Bitcoin, Ethereum, Bitcoin Cash, and Litecoin on millions of businesses connected with Paypal. PayPal users can shop using their cryptocurrency at payment points where PayPal is accepted. 

Read More: Paypal Launches Crypto Checkout Service For BTC, ETH, BCH, And LTC

New Stock Tokens Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT) on Binance

Mark Brennan
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New Stock Tokens Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT) on Binance

Cryptocurrency exchange Binance has announced the listing of tokens backed by a real shares of Microstrategy, Apple and Microsoft.


Users can access these investment products paired with the BUSD stablecoin in a traditional trading session.

The exchange will launch Microstrategy (MSTR) trading on April 26, and Apple (AAPL) and Microsoft (MSFT) on April 28 and 30, respectively.

The new products are not available to residents of mainland China, the United States, Turkey, and some other jurisdictions.

Previously Binance launched a listing of tokenized shares (Stock tokens) of Tesla and Coinbase.

Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT) Stock Tokens will be made available on Binance.com, with listing schedule as below:
  • Microstrategy (MSTR/BUSD) at 2021-04-26 1:30 PM (UTC)
  • Apple (AAPL/BUSD) at 2021-04-28 1:30 PM (UTC)
  • Microsoft (MSFT/BUSD) at 2021-04-30 1:30 PM (UTC)

Source

 

According To ETH Developer Tim Beiko London Aim For A Mid-July Mainnet Deployment Of 1559, 3198, 3238

Mark Brennan
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According To ETH Developer Tim Beiko London Aim For A Mid-July Mainnet Deployment Of 1559, 3198, 3238

Ethereum developers announced that Ethereum Improvement Proposal 1559 could be implemented with a fork on July 14th.

Ethereum performed Berlin fork last week, now turn its eyes to London. 14 July was pointed out for Mainnet.

Ethereum developers held a meeting yesterday to discuss the London fork. According to Tim Beiko, update could go live on July 14.


He Explained:

“There were four specific EIPs we were considering alongside the already included ones (1559, 3198, 3238) for London: EIP-2537, EIP-2677, EIP-3403, and EIP-3074.

EIP-2677 was the simplest: small change, but no one strongly in favor and, given it would add testing overhead, we’re not adding it to London.

Then, we discussed EIP-3403. The EIP proposes to remove refunds from SSTORE and SELFDESTRUCT, except in a handful of cases. Because refunds can increase block gas consumption, and 1559 does too, limiting them in London was brought up as a security concern previously.

The challenge with 3403 lies in the except in a handful of cases: adding such logic to clients increases code complexity and is prone to bugs. OTOH, completely disabling refunds would be a very large breaking change, and was already rejected (EIP-3298).

So, VitalikButerin and MHswende have been working on a new proposal, which would lower gas refunds from SSTORE from 15k to 4.8k gas, remove SELFDESTRUCT refunds and lower the maximum extra execution from refunds from 1/2 to 1/5th of the block.

This proposal would achieve the goal of reducing block elasticity, disincentivizing things like gas token, and reduce implementation complexity relative to 3403. The EIP was discussed in more detail on the call, but should be formally created early next week.

Everyone on the call seemed favorable to the idea, but given there is no actual EIP to look at yet, clients will review it over the next week and we will make a decision about this on next Friday’s call.

Next up, we discussed EIP-2537, the BLS precompile. The champion asked what clients would like to see to include it in London, and there were two potential concerns: first, the desire to move to a new library, which would require more testing, and second, some gas price changes.

Keep London lean, and aim for a mid-July mainnet deployment. Only 1559, 3198, 3238 and the to-be-created refund EIP.

Keep working on the Merge in parallel to London and aim to ship it ASAP. When London is done, start working on another small feature fork, Shanghai.

Shanghai should really be “only the things that we wanted in London but couldn’t make it”. If it is ready before the Merge, we ship it first. If the Merge is ready before, everyone is OK delaying Shanghai (and doing the extra technical work to adapt it) to after the merge.

So, to summarize, we’re looking at mid-July for London, and the fork will contain EIPs 1559, 3198 (BASEFEE opcode), 3238 (Ice Age pushback), and very likely a to-be-created EIP addressing the refunds issue which we’ll discuss next call.”

Source: https://twitter.com/TimBeiko/status/1385614558883041284

This Guy Became A Dogecoin Millionaire 

Jakkk
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This Guy Became A Dogecoin Millionaire 

Glauber Contessoto says that on April 15, he became a dogecoin millionaire.

“I stayed up all night time taking a look at my display,” Contessoto, 33, tells CNBC.


After watching Dogecoin on Reddit, Contessoto says that on February 5, he invested greater than $180,000 in dogecoin, when dogecoin was about 4.5 cents.

Contessoto was intrigued by dogecoin for a number of reasons.

First, Reddit community surrounding Doge has grown considerably over years, and it is most royal community any coin can have.

And like many dogecoin holders:

“I put my financial savings into dogecoin is due to Elon Musk,”

Who has repeatedly tweeted concerning Doge Contessoto says.

 

Contessoto is very optimistic about Dogecoin and think it may assist him create wealth.

“I grew up very poor,” he says, ” so this is essential to me.”

Contessoto (who works for a music firm in Los Angeles) says he did not have the disposable earnings to purchase dogecoin, so he took an enormous risk.

His mates criticized about Dogecoin and warned him to watch out.

Dude, this is a pump-and-Dump scheme, Ultimately, it will drop to zero.

But Contessoto never doubted DOgecoin and as a result his funding in dogcoin had grown to greater than $1 million.

“I was thrilled. I was new to Reddit, so I was excited to made a post ” he says.

The following day, Contessoto posted a message on the r/dogecoin subreddit below his username iUsedToCallDogeDodge. He texted:

“Hello guys, I became a dogecoin millionaire,”

and posted a screenshot of his dogecoin assets on Robinhood showing a balance of $1,081,441. 29.

Hey guys I just became a Dogecoin millionaire ???? from dogecoin

The post went viral getting above 70k upvotes.

“It went viral,” he says.

“My plan is as soon as I make $ 10 million, I will withdraw 10%, and keep the rest in Doge as In my opinion, Dogecoin will keep on growing.”

Grayscale Bitcoin Trust (GBTC) Premium Fell To -18.92% For The First Time Ever

Albert Brown
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Grayscale Bitcoin Trust (GBTC) Premium Fell To -18.92% For The First Time Ever

Grayscale Bitcoin Trust (GBTC), which is trading at a negative premium for two months, hits a record low.

That means the market price of GBTC shares is about 19% lower than its net asset value or NAV.

A negative premium means the investor expects nothing in return for investing in that product.

Grayscale Bitcoin Trust (GBTC) Premium Fell To -18.92%


The reasons behind negative Grayscale Bitcoin Trust were to temporarily suspend deposits in GBTC, other competitive products like Canadian Bitcoin ETFs, and large investors selling their BTC holdings.

In April, one of the holders of shares in the Grayscale Bitcoin Trust, the investment firm Marlton, wrote an open letter to the management of Grayscale, calling to open the opportunity to invest in GBTC.

Arcane Research pointed the emergence of alternative instruments like launch of Bitcoin ETF’s, and the purchase of the BTC directly by individual companies as reasons for the discount.

Recently, the Canadian regulator approved a exchange-traded fund (ETF) based on the BTC available to investors in US dollars. A similar instrument was also listed in Brazil.

In the spring of 2021, the U.S. Securities and Exchange Commission (SEC) began reviewing two applications to launch ETFs from WisdomTree and VanEck.

Recall that Grayscale plans to convert GBTC into an exchange-traded fund (ETF). In March, the company posted nine vacancies related to this initiative.

Market experts believe that converting GBTC into a Bitcoin ETF is the best alternative for Grayscale.

Grayscale recently announced that it is fully committed in changing GBTC into a Bitcoin ETF.

Crypto Market Loses $250 Billion Amid Fear Of Biden Tax Blow

Mark Brennan
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Crypto Market Loses $250 Billion Amid Fear Of Biden Tax Blow

According to Coinmarketcap latest data, the crypto market fell by more than $250 billion in the last 24 hours as Bitcoin declined for the seventh time in eight days, extending losses after President Joe Biden proposed doubling the capital gains tax.

Joe Biden administration plans to raise the capital gains tax on citizens whose earnings exceed $1 million. The tax can double to 43.4% above the current rate. The S&P500 closed with a 0.9% decrease after this news. Bitcoin price fell to $ 48,381, a level not seen since the beginning of March.


Bitcoin declined by 5.9% to $48,597, as it continued to lose momentum. JPMorgan Chase & Co. and Tallbacken Capital Advisors LLC not too long ago warned that there’s potential for additional declines after the biggest cryptocurrency fell from an all-time of $64,880 on April 14 and hit key technical levels.

Bitcoin has fallen beneath 50-day moving average, which it thought of much importance throughout this rally, mentioned Pankaj Balani, CEO of Delta Exchange.

There are reports on social media that the plan is hurting cryptocurrencies, and individual traders are complaining about losses, analysts say the decline is probably going to be temporary, because of recognition of digital currencies as a legitimate asset class by retail and institutional investors.

Ethereum has considerably outperformed Bitcoin. ETH fell greater than 10% to $ 2,130 a day after hitting a record high of $2,655.87. It final traded down 6.4% to $ 2,253.86. Bitcoin also weakened, falling 3.72% to $ 49,724.97.

Matt Maley, chief market strategist for Miller Tabak + Co Said:

“One of the biggest things you have to worry about is that the things with the biggest gains are going to be most susceptible to selling. It doesn’t mean people will dump wholesale, dump 100% of their positions, but you have some people who have huge money in this and, therefore, a big jump in the capital gains tax, they’ll be leaving a lot of money on the table.”

In 24 Hours Grayscale Buys $1Billion In Crypto

Mark Brennan
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In 24 Hours Grayscale Buys $1Billion In Crypto

Grayscale tweeted Wednesday that total assets under its management were $45.8 billion compared to $44.9 billion the day before.

As of April 21, the Grayscale owns $45.8 billion worth of Bitcoin and other cryptocurrencies.

Grayscale Investments has acquired another incredible amount of crypto in just 24 hours of $0.9 billion worth of digital assets.


Grayscale has bought more altcoins to add to its already huge holdings. As of April 22, the company has acquired 519 ZEN, 967 LPT, and 29,990 LINK.

 

In the last seven days, Grayscale has acquired 71,035 XLM and 2,965 ZEN, and in altcoins based on five recently launched trusts: LINK: +42,507, BAT: + 259,421, MANA: +278,205, LPT: +20146, FIL: +3,524

While premiums for Bitcoin, Ethereum, and Ethereum Classic Trust remain negative, premiums of LTC and BCH have seen have seen a huge jump.

Litecoin Trust (LTCN) shares are trading at a whopping 859.42% premium, while Bitcoin Cash Trust (BCHG) shares are changing hands at a +239.69% premium.

Extremely high premiums in grayscale show overbought products, indicating that investors are beginning to lock in their profits.

Man Offers To Buy 111 Tesla Model 3s If Elon Musk Gets Tesla To Accept Bitcoin Cash

Mark Brennan
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Man Offers To Buy 111 Tesla Model 3s If Elon Musk Gets Tesla To Accept Bitcoin Cash

Not so long ago, the electric car manufacturer Tesla announced that it accepts bBitcoin (BTC) for payments, and also mentioned that the coins will not be sold for fiat money. Most recently, the host of a Youtube channel 1stmil.com said that he would buy 111 Tesla Model 3 cars.

Host of the educational Youtube channel 1stmil.com says he intends to purchase 111 Tesla cars if Elon Musk forces Tesla to accept payments in Bitcoin Cash.


The Youtuber has been posting videos on Youtube for three years, and his hobby is to tell others about financial freedom. The purchase price of the 111, 2021 Tesla Model 3 at a base price of about $38,500 per vehicle will be worth more than $4.2 million.

He is standing in the parking lot of a Tesla dealership and shows a wallet with BCH on his smartphone, with which you can buy up to three Tesla Model 3 cars.

“As you can see, I’m back at Tesla again, They don’t know I’m here, and I want to surprise everyone at Tesla, especially Elon Musk. As a special celebration of 10x in [bitcoin cash], me and a friend of mine who is a major promoter of bitcoin cash came up with great ideas on how to get Elon Musk to accept Bitcoin cash for payments.”

Watch Video:

On Earth Day Ripple Co-Founder Chris Larsen Says Bitcoin Should Switch to Proof-of-Stake

Mark Brennan
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On Earth Day Ripple Co-Founder Chris Larsen Says Bitcoin Should Switch to Proof-of-Stake

In a recent Earth Day blog post, Ripple co-founder Chris Larsen urges Bitcoin miners, and core developers to consider abandoning the Proof-of-Work consensus mechanism.


Let’s work with the people who create and contribute to the Bitcoin code, key miners, exchanges, and core developers-to consider opting out of PoW.

Larsen argues that such a change would be very important for Bitcoin to remain the dominant cryptocurrency.

He warns that institutional investors will undoubtedly face pressure from regulators to sell their assets because of PoW’s huge carbon footprint.

He adds that Ethereum should be praised for its decision to switch to Proof-of-Stake.

Larsen argues that Bitcoin should move to either PoS, which now accounts for 43 percent of the total cryptocurrency market capitalization, or the Federated Consensus XRP Ledger.

The ex-CEO of Ripple when said that China could eventually destroy Bitcoin. His statement drew widespread criticism in the crypto community.

 

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