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MicroStrategy To Pay Board of Directors In Bitcoin

Mark Brennan
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MicroStrategy To Pay Board of Directors In Bitcoin

MicroStrategy, the largest U.S-listed company holding Bitcoin, has informed board members that it will pay them in BTC instead of dollars.

It is the first ever case in the history of listed companies of United States to pay salaries in BTC.


As Per a company announcement, the Board of Directors of MicroStrategy modified the compensation arrangements for non employee directors. Going forward, non-employee directors will receive all fees for their service on the Company’s Board in bitcoin instead of cash.

The official announcement said:

“Microstrategy recognize Bitcoin as a payment tool and show its commitment to Bitcoin, taking into account Bitcoin’s strong and open-source structure and ability as a store of value.”

For payments, the company said it will use a payment processor to convert US dollar into BTC and then deposit Bitcoin directly into the Non employee Directors digital wallet. However, the document does not specify which payment processor will be used.

 

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MicroStrategy CEO Saylor is a strong supporter of Bitcoin as the company holds a total of 91,579 BTC as a financial asset, including last week’s buyout of BTC worth 15 Million USD. MicroStrategy BTC holding is far more than the BTC holdings of companies such as Tesla and Square.

5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

Albert Brown
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5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

Great start of the week as the total value of the cryptocurrency market exceeded $2.1 trillion. The CoinGecko data shows that Bitcoin’s market dominance has fallen to 52.7%, and some altcoins are starting to gain serious weight.

The Altcoin market is led by Ethereum and Binance Coin making new highs.

5 altcoin with some exciting news this week are Ethereum, Binance Coin, PancakeSwap, Holo, and Fetch.ai.

Altcoin News To Follow This Week


Ethereum (ETH)

News This Week: The Ethereum community is preparing for the Berlin hard fork, Ethereum developers have scheduled the Berlin hard fork for April 14 at block height 12,244,000″.

Why To Follow: The Berlin hardfork includes four EIPS: 2565, 2929, 2718 and 2930. The hardfork is expected to reduce the ETH gas fees and improve smart contract transactions, especially EIP-2565. ETH holders who do not operate nodes need to do nothing during the update.

Binance Coin (BNB)

News This week: Binance CEO Changpeng Zhao announced that the periodic burning for BNB tokens will take place in a few days.

Why To Follow: Binance shifts BNB supply/demand balance by burning BNB tokens every quarter of the year. Previous 14th quarterly BNB Burn (October to December 2020), Binance burned a total of 3,619,888 BNB, equivalent to $165,791,000 USD (At that Time) worth of tokens.

Burning of BNB tokens reduce their supply and as demand of BNB is increasing everyday, this result is increasing price of BNB, as we can see BNB is trading above $600.

PancakeSwap (CAKE)

News This Week: Pancakeswap will launch the first IFO using the new format this week and will announce the project on Monday, April 12th.

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Why to follow: An update to the Initial Fork Offering (IFO) format in Pancakeswap is coming. People will be able to invest either a limited or unlimited amount in Pankcake First ever IFO. Those who want to invest unlimited amount will pay a 1% commission in CAKE token, the commissions collected will be burned in order to reduce the supply of CAKE.

Holo (HOT)

News This Week: Holo team will hold a Holo AMA with Mary Camacho, Art Brock and David Atkinson live on YouTube, on Tuesday APR 13th, 3 .30PM UTC”

Why to follow: Holo’s CEO Mary Camacho, founder Arthur Brock and commercial director David Atkinson will answer questions about the project. The previous AMA event, held on February 24, anounced Holo’s updated roadmap. Participants can submit their questions in advance for the event on April 13.

 

Fetch.ai (FET)

News This Week: MTLX Airdrop Coming For FET Holders On Binance.

Why To Follow: Binance the leading crypto exchange has announced support for MTLX token Airdrop to FET holders. Users must have at least 10,000 FET tokens in their Binance accounts to participate in the Airdrop. The Mettalex (MTLX) airdrop event on the Binance exchange will last for 50 days. Starting from April June 13 and ending on June 1, weekly snapshots will be taken at 11.59 PM, UTC time. Token distribution will take place at the end of airdrop.

Other Altcoin News (Top 100)

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General Crypto Event

  • 12 Apr 2021.
  • European Blockchain Conv.
  • “Welcome to the most influential Blockchain event in Europe Online | 12-16 April 2021”.

Source: https://eblockchainconvention.com/

General Crypto Event

  • 15 Apr 2021.
  • Blockdown 4.0.
  • Blockdown 4.0 virtual conference from April 15th to 16th.

Source: https://blockdownconf.com/

BitTorrent (BTT)

  • 12 Apr 2021.
  • Narkasa Listing.
  • Narkasa is listing BTT on 12th of April at 00:00 IST.

Source: https://viaqe.com/bitcoin-exchange-narkasa-lists-btt-bittorrent/

Pundi X (PUNDIX)

  • 12 Apr 2021.
  • Token Burn.
  • PundiX quarterly token burn will be executed in 72 hrs. This time instead of burning npxs, we will burn pundix.”

Source: 

Zcash (ZEC)

  • 12 Apr 2021.
  • Coineal Listing.
  • “Trading: from 8:00 Apr 12 (UTC) | Pair: ZEC/USDT, ZEC/BTC.”

Source: https://support.coineal.com/hc/en-001/articles/360062147494

Filecoin (FIL)

  • 12 Apr 2021.
  • Network Upgrade & Fork.
  • “The Filecoin (FIL) network upgrade will commence during epoch 665280 or approximately 2021-04-12 22:00 (UTC).”

Source: https://www.binance.com/en/support/announcement/5ada859a62574213870fab47492ef96f?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

Harmony (ONE)

  • 13 Apr 2021.
  • Mainnet 4.0.0 Release.
  • “It is a mandatory upgrade. The upgrade will require a hard fork of the protocol at the epoch 530, which is around 04/13/2021 2PM UTC.”

Source: 

 

Stellar (XLM)

  • 13 Apr 2021.
  • Stellar Development.
  • “CEO Denelle Dixon will present the Stellar Development Foundation’s Q1 in review on Tuesday April 13, 2021 at 9:00 am PT.”

Source: https://www.stellar.org/events/stellar-development-foundation-q1-2021-review

Ontology (ONT)

  • 13 Apr 2021.
  • AMA.
  • “Mark your calendar as @LiJun_Ontology will join @cryptocom for a live video #AMA on the 13th of April, 11am UTC!”

Source: 

 

THORChain (RUNE)

  • 13 Apr 2021.
  • Multichain Chaos Launch.
  • “Multichain Chaos Net Launch on 13th April, 2021.”

Source: https://www.thorchain.com/

Stacks (STX)

  • 13 Apr 2021.
  • Special Announcement.
  • Calling all founders & builders! We’ve got a special announcement coming up (scheduled at 10am EST but time could change).

Source: https://www.crowdcast.io/e/stacks-special-announcement/register

Stacks (STX)

  • 16 Apr 2021.
  • UFM x STX 2.
  • “In this session, we will discuss how individual fundamental rights like privacy are abused by tech giants and look at solutions that”

Source: https://community.stacks.org/events#event=41594251

Helium (HNT)

  • 13 Apr 2021.
  • The Uplink with Helium.
  • “Next Tuesday, April 13th at 12pm PT, Join a Special Episode of The Uplink with Helium, VictorPest, and ParleyLabs.”

Source:

Stellar (XLM)

  • 15 Apr 2021.
  • Paris FinTech Forum.
  • “SDF CEO, Denelle Dixon, will join a panel during Paris FinTech Forum’s April events.”

Source: https://stellar.org/events/paris-fintech-forum

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Ontology (ONT) and Ontology Gas

  • 15 Apr 2021.
  • Identity Solutions.
  • “The state of decentralized identity solutions, Brought to you by Ontology at 12:00 PM ET.”

Source: https://app.livestorm.co/the-block/the-state-of-decentralized-identity-solutions?type=detailed

 

 

 

 

 

5 Top-Earning Altcoin This Week

Mark Brennan
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0
5 Top-Earning Altcoin This Week

The price of Bitcoin rose above $61,000 for the first time after a break of almost 1 month. Ethereum made new All-Time-High this week touching $2174. Several altcoin doubled, almost tripled. According to CoinGecko Data, Bitcoin’s current dominance stands at 53.5%.

This week among the top 100 altcoins, Bitcoin Gold (BTG) gained the most. BTG has a market value of close to $2 billion, and increased 12x in one year.


Top 5 Earning Altcoin (In Top-100)

The 5 best performing altcoin for week of April 5-11, are listed as follows.

Bitcoin Gold (BTG)

  • Ranking: 63.
  • Price: $117.75
  • 7 days Increase: 213%.
  • 24 hours Change: 10%.
  • Market capitalization: $1,877,607,701.
  • Daily trading volume: $143,620,063.
  • Exchanges: Upbit, OKEx, Bithumb, Binance, HitBTC.

Kucoin Token (KCS)

  • Ranking: 81.
  • Price: $17.10 dollars
  • 7 days Increase: 166.3%.
  • 24 hours Change: -11.4 %.
  • Market capitalization: $1,524,200,402.
  • Daily trading volume: $251,051,273.
  • Exchanges: KuCoin, Probit.

WINk (WIN)

  • Ranking: 94.
  • Price: $0.0014
  • 7 days Increase: 138.9 %
  • 24 hours Change: -11.3 %
  • Market value: $1,150,078,958
  • Daily trading volume: $727,824,741
  • Exchanges: Binance, JustSwap, WazirX, Digifinex, KuCoin

Ripple (XRP)

  • Ranking: 4.
  • Price: $1.43
  • 7 days Increase: 147%.
  • 24 hours Change: 24.6%.
  • Market capitalization: $56,837,811,904.
  • Daily trading volume: $14,893,572,506.
  • Exchanges: Binance, Huobi Global, Bitexen, Bidesk, HBTC.

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Stacks (STX)

  • Ranking: 63.
  • Price: $1.99
  • 7 days Increase: 62.5%.
  • 24 hours change: -1.6%.
  • Market capitalization: $2,083.907,146.
  • Daily trading volume: $60,388,216.
  • Exchanges: Upbit, Binance, VCC Exchange, OKEx, KuCoin.

 

Ripple CTO: US Not Prepared To Regulate New Industries Like Crypto

Albert Brown
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0
Ripple CTO: US Not Prepared To Regulate New Industries Like Crypto

Ripple Labs CTO David Schwartz said that the United States is not prepared to regulate new industries such as cryptocurrency.

He said the recent reaction of US regulators toward the crypto industry could ultimately hurt new fast-growing industries.


David Schwartz described that agencies such as the Securities and Exchange Commission (SEC), Financial Crimes Enforcement Network, and Commodity Futures Trading Commission can not reach a consensus on what constitutes a security versus a currency in terms of digital assets.

As a result, many crypto and blockchain related companies operating within the US have a lot of uncertainty about the regulations of their business activities.

According to Schwartz, it is currently very difficult to find out the exact laws that apply to the companies dealing in crypto and blockchain. You generally see less problems in other countries, because crypto market is regulated by a single entity Outside US.

He said:

“It’s very difficult to figure out which laws apply and how they apply to something new,” said Schwartz. “That you generally don’t see in other countries — there’s some entity that makes the rules and at least you know you’re talking to the right party.”

Schwartz added the following:

“The United States is one of the few countries where there’s this very palpable risk that the regulators will turn to you and say, ‘That thing that you were doing for five years, in public and complete light of day? Well, you should have known it was illegal all along.”

Schwartz’s response is not unexpected. Ripple is in the middle of a lawsuit against the US SEC. SEC filed a lawsuit against the crypto company last December. According to them, Brad Garlinghouse’s firm sold unregistered XRP tokens.

Since the news, Ripple’s XRP token has been temporarily suspended from various US cryptocurrency exchanges. The global money transfer service MoneyGram has also paused its collaboration with Ripple.

However, according to Ripple, XRP tokens are cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). These cryptocurrencies are classified as commodities by the US SEC. This allows legal trading of crypto in the country.

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It is shocking that SEC filed a case against Ripple after 8 years of Ripple Birth.

“My number one recommendation to U.S. regulators is: look at the rest of the world and don’t get out of step.”

 

TrustToken StableCoin TrueUSD (TUSD) Live On TRON Network

Albert Brown
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TrustToken StableCoin TrueUSD (TUSD) Live On TRON Network

TrueUSD (TUSD) has started using Tron blockchain for generating TUSD, because of Tron advantage of low transaction fees. Tron currently has 26.6% share in the stablecoin market.

TrueUSD, operated and owned by TrustToken, started producing TUSD stablecoin on the TRON network. Before Tron, TUSD was using Ethereum, Binance Smart Chain and Avalanche blockchains. Trust Token team was extremely concerned about high fees on Ethereum, said that Tron could fix these high costs.


Justin Sun considered Trust Token team act as “wise decision”. Two days ago Justin sun welcome TUSD to join Tron Family, And now the stable coin is live on Tron blockchain.

 

TrueUSD stable coin is pledged with US Dollar with one-to-one ratio. High transaction fees and network blockages on Ethereum have become a problem for people trying to make small and medium-sized transactions with TUSD, according to a statement by TrueUSD.

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In order to solve this problem, at one hand, the TrustToken management evaluated ETH Layer 2 technologies, on the other hand, decided to turn to alternatives such as TRON.

Stablecoins will continue to play an important role in the CRYPTOCURRENCY MARKET, said Justin Sun, founder of Tron and CEO of BitTorrent. Producing TUSD on TRON network is a wise decision.

According to CoinGecko data, TrueUSD has a market capitalization of $308 million, whereas the market value of USDT, the stable coin market leader, is $43.9 billion.

MTLX Airdrop Coming For FET Holders On Binance

Mark Brennan
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0
MTLX Airdrop Coming For FET Holders On Binance

Binance the leading crypto exchange of the world has announced support for MTLX token Airdrop to FET holders. Users must have at least 10,000 FET tokens in their Binance accounts to participate in the Airdrop.


The Mettalex (MTLX) airdrop event on the Binance exchange will last for 50 days. Starting from April June 13 and ending on June 1, weekly snapshots will be taken at 11.59 PM, UTC time. Token distribution will take place at the end of airdrop.

 

Who can get MTLX?

During the Snapshot, FET tokens owned by users must be present in spot wallets, margin accounts, or savings accounts. Users also must keep an average of at least 10,000 FET tokens in their wallets throughout the airdrop.

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Airdrop Details

  • The MTLX Airdrop will be held over a period of 50 days — starting at 11:59 PM UTC on April 13, 2021, and ending at 11:59 PM UTC on June 1, 2021.
  • Every 10,000 FET tokens will earn 1 MTLX token. For example, those with 250,000 FET tokens during the 50-day event will be able to receive 25 MTLX.
  •  Snapshots will be performed weekly.
  • The number of MTLX tokens to be distributed depends on the number of FET tokens held in Binance users’ accounts.
  • The MTLX tokens will become available in the users’ Binance accounts after the end of the Airdrop.

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Read More Details of MTLX airdrop on: https://mettalex.com/mtlx-airdrop-for-fet-holders-on-binance/

Coinbase Became A Member Of The Chicago Defi Alliance

Mark Brennan
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Coinbase Became A Member Of The Chicago Defi Alliance

Crypto exchange Coinbase has announced that it has joined the Chicago DeFi Alliance (CDA) to interact with decentralized finance (DeFi) projects.


The CDA Alliance was established in April 2020 to provide funding for startups developing in the DeFi field.

 

DeFi Alliance is led by employees of financial firms and cryptocurrency platforms, including Imran Khan co-founder of Volt Capital, Colleen Sullivan CEO of CMT Digital, Robert Leshner founder of Compound, and Stani Kulechov head of Aave.

Coinbase CEO Brian Armstrong said that one of the priority tasks of the exchange after joining CDA is to provide wider access to DeFi applications. Chicago DeFi Alliance partner Jacob Franek said that Coinbase has become one of the exchanges that have influenced the spread of cryptocurrencies around the world.

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The alliance’s mission is to create an open financial system, and DeFi can play a significant role in this. CDA is open to cooperation with all interested parties who are ready to support young projects working in the DeFi industry.

Recall that last year, Coinbase introduced a price oracle to ensure the security of digital assets locked in  DeFi protocols.

VeChain Decides To Reduce Transaction Fees

Mark Brennan
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VeChain Decides To Reduce Transaction Fees

The VeChain community decided to lower its transaction fees as a result of a voting that began few days ago. Base transaction fee paid by users will reduce to 1e13 Wei within 7 days.


The VeChain Foundation says the cost of using the VeChainThor network has increased 24-times since the beginning of this year. Single transaction cost on January 1 were $0.291, which rose to $7.009 on March 30.

Committee decides to cut transaction fee.

Vechain Foundation held voting to reduce transaction fees, starting on March 30 and ending on April 6.

71.08% of community members voted to reduce 1% of gas fees.

The voting results was then transferred to the Steering Committee for final verdict. According to Thursday’s announcement, 5 of the 7 committee members voted in favor of lowering the transaction fee. VeChain will draw base gas fee to 1e13 Wei in the next 7 days.

The Foundation said it was necessary to reduce gas fees as high transaction fees slow down community interest in Vechain especially large enterprises like Governments, Business etc.

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Now low fees will reduce the cost of using blockchain, gain users interest and increase demand of Vechain.

VET has gained 6% over the past 24 hours and is trading at $0.12, according to CoinGecko data.

Increasing Use OF RippleNet As Ripple Partnered with Australia Leading Payment Company Novatti For Cross Border Payments

Mark Brennan
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Increasing Use OF RippleNet As Ripple Partnered with Australia Leading Payment Company Novatti For Cross Border Payments

Novatti, Australia major payment company announced use of RippleNet.

Novatti announced that they will connect RippleNet with Iremit, a payment giant in the Philippines, enabling fast, low-cost international remittances from Australia to Southeast Asia, mainly in the Philippines.


The company said the money transfer channels between the Philippines and Australia lead to thousands of Dollars transactions costs per month. Avoiding these high costs, fast and smooth cross border payments is the main objective of Ripple and Novatti partnership.

Novatti announced that it will continue to expand its financial service business in Southeast Asia.

Managing Director of Novatti, Peter Cook, said:

“We are delighted to see this partnership delivering for both
Novatti and Ripple in such a short period of time. The partnership with Ripple not only provides Novatti’s customers with access to new, innovative payment solutions, it also highlights how Novatti’s partnerships translate into revenue.”

He said Further:

“Forming our partnership with Ripple was part of Novatti’s broader strategy to develop a banking and payments ecosystem that enables our existing platforms to scale quickly. In addition to Ripple, Novatti’s ecosystem now includes partnerships with world-leading PAYMENT and fintech companies including Visa, Apple Pay, Alipay, UnionPay International, Google Pay, Samsung Pay, Marqeta, and Decta.”

Novatti has filed an application with the Australian Patent Office for a secure, regulatory compliant, multi-cryptocurrency payment gateway. Novatti did not provide specific details, but Cook described it as a system that allows merchants to receive payments in fiat currency through digital wallets, and cryptocurrency exchanges.

Ripple Focus on Southeast Asia

In 2021, Ripple is strengthening its RippleNet base in Southeast Asia. With a view of business expansion in Southeast Asia, Ripple appointed Mr. Brooks Entwistle as as managing director with work experience in Goldman Sachs.

Read More: Ripple Attracts Former Uber and Goldman Sachs Top Level Executive

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At the end of March, Ripple announced that it acquired 40% stake in Tranglo, a payment settlement company that provides an international remittance network mainly in Southeast Asia.

Read: Ripple Acquire Malaysia-based Tranglo To Expand RippleNet to South East Asia

Ripple also reported in its 2020 Q4 report that RippleNet’s trading volume in Southeast Asia was 10 times the previous year, and that the market was growing rapidly.

Four Altcoin That Rise With Coinbase Listing

Mark Brennan
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0
Four Altcoin That Rise With Coinbase Listing

Coinbase Pro announced that it will add four new cryptocurrencies to their platform, 1inch (1inch), Enjin Coin (ENJ), NKN (NKN) and Origin Token (OGN).


In a recent blog post, Coinbase Pro announced that users will be able to transfer 1inch, Enj, NKN and Origin token to their accounts for trading. Trading will start on April 9, if the liquidity conditions are met.

Trading will begin for 1INCH, ENJ, NKN and OGN as soon as there is enough supply for these altcoins. Trading pairs of these coins will be against Bitcoin, US dollar, Euro and the British pound. The order books are expected to open in three phases: post-only, limit-only and full trading.

Coinbase Said:

We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

Coinbase adding a lot of tokens.

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Coinbase is suddenly adding tons of tokens as they are approaching near Nasdaq listing. Just a few weeks ago, the US exchange added Cardano (ADA), ANKR, CRV and STORJ.

Read Details: Coinbase To List On Nasdaq On April 14 With Expected Starting Share Price At $300-350

With listing announcement, the 1inch, Enjin Coin, NKN and Origin Token prices are rising sharply. At the time of writing, the price of each token was up more than 30 percent.

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