Crypto News: April 13: Bitcoin is facing the moment of fate decision with the news of Ripple, Bitcoin SV, Binance, Tezos, DeCurret

From the point of view that Bitcoin is at the "critical moment" of the market, XRP Ledger 1.5.0 will be deployed on Testnet next week. Here are some highlights from the crypto market.


Bitcoin news

Cameron Winklevoss said Bitcoin will witness an unprecedented moment of decision due to the corona virus pandemic.

In a series of tweets on April 12, Winklevoss of Gemini exchange, emphasized the importance of Covid-19 to Bitcoin and its users.

Winklevoss recommends that users hodl their BTC, implying that Bitcoin will experience a sharp fluctuation under current conditions.

Many industry celebrities are always optimistic about Bitcoin. The Fed's unprecedented money printing made the stock market wobble, which did not recover immediately and has remained at a loss so far.

Bitcoin hashrates are slowly recovering

According to statistics provided by analyst Coinmetrics, the miner is working to minimize the damage caused by the dark Thursday.

According to the Coinmetrics announcement, the second biggest drop in Bitcoin history has led miners to increase their efforts.

Bitcoin's hashrate, the estimated number of terahash created by all Bitcoin miners, has recovered to a range before the market collapsed. The difficulty of the network, which is an indicator of how difficult it is to mine the new Bitcoin block, is also at a fairly good level and has increased by about 6%. At the moment, the difficulty of the Bitcoin network is near the level of January at 14,715 TH / s.

Robert Kiyosaki continues to call for Bitcoin support

Robert Kiyosaki once again used Twitter to share Bitcoin with his followers in the context of the Fed Reserve implementing QE measures last week.

In his recent tweet, he reminded the community of a recent proposal from US senators to expand the $ 425 billion funding fund used by the Federal Reserve to support cash printing. emergency.

He reminded people that the Fed had printed more money during the 2008 financial crisis. He was concerned that after the US Central Bank printed tons of money to guarantee large corporations and medium businesses and Small, then someone will have to sponsor the Fed. That would be us.

Besides, he did not forget to call people to buy gold, silver and Bitcoin at this time.

Ripple news

XRP is increasingly correlated with Bitcoin

There are many reasons for XRP's downtrend, one of which is its correlation with BTC. Since 2017, XRP has become increasingly correlated with Bitcoin. At present, the 180-day correlation (Pearson) for XRP has risen to a record high of 0.859, a recent high of March 12 at 0.8511. However, the recent slumps and spikes in prices have made this correlation increase.


Correlation between XRP and Bitcoin | Source: Coinmetrics

The increased correlation is a good sign in the bull market, however, which is quite bad in the bear market as it is today. During the 2017 bull run, XRP has benefited from this correlation, however, it is currently struggling to remain active as Bitcoin pushes down altcoin prices.

The price of XRP will be tightened in the coming days when trying to surpass 50 DMA. The market will be prospered when the price soars above 50 DMA at $ 0.1950, or up 4.58% from the current price.

XRP Ledger 1.5.0 is rolling out on Testnet next week

New updates of XRP Ledger have been shared by Paul Anderson, Ripple's Product Manager (SPM).

Follow post of SPM, new upgrades for XRP Ledger v1.5.0 have been available since last week. In these upgrade packages, the logic of the intranet interaction process was reviewed. Some of the most important upgrades include advanced API toolkit and Remote Procedure Calls (RPC and gRPC) operations, command line interface (CLI) and protocol logic. All have been improved to a new level.

Next week, this release of Ripple will be uploaded to XRP Ledger Testnet, run by Xpring Team at Ripple. Therefore, developers will be able to test their applications with the test XRP coin.

Anchorage adds support for XRP

The depository solution provider for institutional investors, Anchorage, has added support for XRP.

XRP is the third largest digital asset by market capitalization. With years of development, it now has a large ecosystem with many financial institutions holding XRP. That means the demand for depository solutions is increasing.

Anchorage's support for XRP will rely on a range of resources, including those maintained by the team at Xpring, the Ripple developer platform. The flexibility of the Anchorage platform will allow them to support the advanced features of XRP such as payment channels required by customers.

Bitcoin SV news

A subsidiary of Japanese financial services giant, SBI Holdings, has seen the share of Bitcoin SV mining pools increase since halving took place on April 10.


Bitcoin SV mining rate chart | Source: Coindance

According to the crypto information site CoinDance, the crypto mining company SBI Crypto held about 4.4% of the BSV mining rate last week, but these numbers jumped to 15.28% in April 13.

Binance news

Binance P2P supports EOS

Binance P2P notification about adding support for EOS. Users can directly buy and sell EOS in Chinese Yuan (CNY) with zero transaction fee on Binance P2P platform.

Users can also participate in the following EOS services at including:

  • Trading margin EOS with zero interest rate: users can borrow EOS with 0% interest on Binance's margin trading platform from 04:00 AM on April 13, 2020 (UTC) to 04:00 AM on the 20th / 04/2020 (UTC);

  • Custom savings EOS: users can register Savings products with EOS custom key for 7 days and 30 days from 12:00 PM April 13, 2020 (UTC).

Binance has implemented Bitcoin options trading

Follow notification on Monday, offering new deals is currently only available on the latest versions of Binance's mobile app. Binance options trading allows traders to execute contracts at any time before expiry.

Binance said its options offer a shorter time frame than traditional options, from 10 minutes to 1 day. There is currently only one execution price, which is equivalent to the contract price on Binance Futures when traders exercise their rights.

News Tezos

In Press Release Released on April 13, the Association of Certified Public Accountants (ACCA) and Tezos Southeast Asian (TSA) stated that they signed a Memorandum of Understanding (MoU) to study the applications of Tezos blockchain in the industry. accountant.

The use of blockchain technology in the financial sector has grown exponentially over the past few years. From automated bot transactions to fast international money transfers, distributed ledger technology (DLT) not only promises to create a highly secure way of doing business, but also guarantees cost and time efficiency.

Through the newly formed coalition, the two sides will gather expertise in the respective fields to build advanced blockchain solutions, streamlining long-term operations and processes in the accounting industry.

ACCA will contribute their knowledge of accounting standards, while TSA will provide advice on integrating blockchain technology to address key accounting issues. The two organizations will jointly develop education strategies and initiatives to encourage the adoption of blockchain between different networks.

News DeCurret

DeCurret, a cryptocurrency-driven exchange, used as a payment method for Japan's huge public transport system, has just begun restructuring its capital.

Follow Press Release On April 10, DeCurret announced that it had issued new shares worth 2.75 billion yen, about US $ 25 million with a third party share allocation. The company plans to use the capital to enhance trading services for existing cryptocurrencies and promote the expansion of digital currencies as well as payment services.

Other news

Tencent and Alibaba have filed many applications for blockchain patents

Chinese tech giants Tencent and Alibaba have the highest number of blockchain patent applications in 2019.

Tencent and its affiliates filed 718 blockchain patent applications out of a total of more than 5,800 patents, while the Alibaba Group filed 470 applications. Together, they account for more than 20% of all applications. It was followed by WeBank, Ruize Technology and Ant Financial and all three companies are also based in China.


Number of blockchain patent applications in 2019 | Source: The Block

Overall, about 63% of companies with more than 20 blockchain patent applications are based in China. It is worth noting that while 2019 saw more than 5,800 patent applications, only 3% of them were granted a patent.

HTC brings cryptocurrency mining into Blockchain Exodus phones

Follow report by Forbes on Friday, the company partnered with Mida Labs to use its DeMiner application on the Exodus 1S model. The app allows users to mine Monero and can earn users an average of $ 0.0038 daily.

In fact, it will take about 13,680 days (about 37 years) to earn 1 XMR at the current price of $ 52. However, HTC said the effort aims to bring more decentralization for the mining cryptocurrency, this is quite new and can increase the acceptance and education of the cryptocurrency space for everyone.

Viet Cuong

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About My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently. Mr Cuong.
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