Crypto News Cast 📮 05-04-2021

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $1989 B
📊24h Mcap %: 47.90%
⚠️Bitcoin Dom: 56.00%
📌Active Coins: 5991
📍24h Vol %: 14.56%
💲24h Vol: $171 B

Crypto News Updates :

• Whale Moved 629,000 ETH to DeFi Lending Protocol Compound
• Brazil Authenticated 156,000 Documents Via Blockchain Platform
• Binance Futures Sees Record Open Interest of $10 Billion
• Thailand Crypto Volumes Surged To About 600% Since November
• Coinbase Employees Held Their Wedding on The Ethereum Blockchain
• Japan's Central Bank Plans To Begin Digital Currency Experiments
• Popular Stock Picker Believes Bitcoin Will Overtake Gold’s $10T Market Cap

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Whale Moved 629,000 ETH to DeFi Lending Protocol Compound

An anonymous whale just shifted over 629,000 ETH—worth over $1.3 billion to the Compound contract. The recipient wallet is the smart contract for Compound, a decentralized finance (DeFi) protocol that allows traders to earn money on the crypto they save. The Compound contract also received 298.7 ETH, or just over $627,000, from another unknown wallet yesterday, and 13,000 ETH four days ago. Its current balance is 2,389 ETH, which is just above $5 billion. Read Full on Decrypt.

Brazil Authenticated 156,000 Documents Via Blockchain Platform

Brazil has authenticated about 156,000 documents through blockchain in a record last four months as the technology’s adoption in the country accelerates. The authentication process allows citizens to sign and send documents through electronic platforms like WhatsApp or email to relevant parties, including government institutions. Brazil’s blockchain system runs on the Notrachain, the country’s blockchain network of notaries. The system enables the verification of documents in a virtual format. Read Full on Finbold.

Binance Futures Sees Record Open Interest of $10 Billion

Binance’s crypto derivatives platform Binance Futures continues to soar in popularity as more and retail customers add fuel to the bull run. The spike in open interest or the value of derivative contracts traded but not settled with offsetting positions reflects an increased inflow of money into the market. Open interest on the derivatives platform hit a record high of over $10 billion on Saturday, amounting to year-on-year growth of nearly 3,900%. Read Full on CoinDesk.

Thailand Crypto Volumes Surged To About 600% Since November

Crypto volumes have surged to about 600% from 574.5 million to $3.96 billion since November, according to data from Thailand’s Securities and Exchange Commission an indication that Crypto adoption is massively increasing in Thailand. Atichanan Pulges, co-founder Bitkub Exchange said that volume on his exchanged surged to 40% between January and February, according to him Bitkub with 300,000 customers represents 90% of trades within Thailand. Read Full on cointelegraph.

Coinbase Employees Held Their Wedding on The Ethereum Blockchain

Coinbase Crypto exchange employees, Rebecca Rose and Peter Kacherginsky held their wedding on the Ethereum blockchain alongside getting married physically on March 14. Kacherginsky created NFT rings on Ethereum smart contract named Tabaat (Hebrew word for ring) in the form of TBT sent as tokens to the couples wallets. The Blockchain wedding ceremony took 4 minutes a cost of $50 in miner fees. In comparison, the physical wedding cost about $25,000. Read Full on cointelegraph.

Japan's Central Bank Plans To Begin Digital Currency Experiments

Japan Central Bank announced Monday that it has begun Planning for central bank digital currency (CBDC) experiments. The first phase will focus on testing the basic functions of CBDC as a payment instrument, such as issuance, distribution, and redemption. Phase 2 would test more detailed functions while phase 3 is that private businesses and end-users will participate in a pilot program. They believe that CBDC will provide a means of payments and settlements. Read Full on theblockcrypto.

Popular Stock Picker Believes Bitcoin Will Overtake Gold’s $10T Market Cap

Ark Invest believes Bitcoin’s (BTC) market capitalization will some day “comfortably eclipse” that of gold, and exceed $10 trillion in coming years. Stock Picker Cathie Wood, analysts at Ark believe Bitcoin’s $1 trillion value is set to rise tenfold. Already, The value of Bitcoin had doubled since January 2021 with the global market cap now worth just under $2 trillion, the climb to the $10 trillion mark doesn’t seem impossible. Read Full on cointelegraph.