Crypto News Cast 📮 25-04-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $1879 B
📊24h Mcap %: 34.30%
⚠️Bitcoin Dom: 50.00%
📌Active Coins: 6255
📍24h Vol %: -39.66%
💲24h Vol: $112 B

Crypto News Updates :

• This Week Records A New Massive Spike In Ethereum Active Addresses
• People Chose Bitcoin Because of Inflation, Taxes Don’t Matter – Jimmy Song
• Swiss Firm 21Shares AG To Launch ADA and XLM ETPs
• Tim Draper Talks On Bitcoin As Facilitator Of The Global Economy
• Louisiana Government Applauds Bitcoin and It’s Anonymous Creator Satoshi Nakomoto
• Turkish Central Bank Lifts General Ban on Crypto, More Details Soon
• Two Prominent Hotels In Spain Now Accepts Crypto Payments
• Valkyrie’s Bitcoin ETF Gets Filed For Listing By NYSE
• P2P Volumes Grows In Egypt As Youths Trading Crypto

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This Week Records A New Massive Spike In Ethereum Active Addresses

Since this year, There's been a steady rise in the number of active ETH addresses. On April 21st, it surged to 701,974 while it was at 518,270 on April 15th as recorded by the Glassnode chart. On April 22, It went on to hit a new all-time high of $2,575 on the Bitstamp exchange. This spike was influenced by the recent launch of three Ethereum ETFs in Canada on the Toronto Stock Exchange. Read Full on U.Today

People Chose Bitcoin Because of Inflation, Taxes Don’t Matter – Jimmy Song

Popular Bitcoin developer Jimmy Song shared that people are more interested in bitcoin because of Government-induced inflation, therefore taxes don’t matter. Song said this in response to the recent news of a proposed tax increase by the Biden administration. Many investors chose Bitcoin as a protection against inflation and the news lit the interests of many within the Crypto space. The value of the digital asset had increased massively. Read Full on ZyCrypto.

Swiss Firm 21Shares AG To Launch ADA and XLM ETPs

Swiss firm 21Shares AG gets ready to launch the world’s first $ADA and $XLM Exchange-traded products on the Swiss stock exchange also known as SIX Swiss Exchange, according to the firm’s press release. The two ETPs the Swiss firm launch are “AADA” and “AXLM” which is in response to the increased demand for these assets. Also, 21Shares is responding to Swiss and European institutional requests for simple and effective access to digital assets. Read Full on CryptoGlobe.

Tim Draper Talks On Bitcoin As Facilitator Of The Global Economy

Tim Draper in his recent bullish talks on the crypto asset, says people will go for the digital currency when placed side by side with Fiat and will compete with the government for the citizen's money and devotion. He also highlighted that crypto is global and isn't controlled by any nation or government. He claims he owns bitcoin in his portfolio and predicted it'd hit $250,000 by 2023. Read Full on cointelegraph.

Louisiana Government Applauds Bitcoin and It’s Anonymous Creator Satoshi Nakomoto

State of Louisiana government acknowledged some of Bitcoin’s accomplishments in a recent resolution. The resolution document made reference to Satoshi Nakomoto the anonymous Bitcoin creator, acknowledging and commending his “contribution to economic security”. Bitcoin have made massive progress in terms of adoption and capitalization. The document also encouraged the State and government bodies to take advantage of the new decentralised Technology. Read Full on cointelegraph.

Turkish Central Bank Lifts General Ban on Crypto, More Details Soon

Turkish government lifts the general ban on cryptocurrencies, however the government is planning and working on regulations to manage Cryptocurrencies as a sector. Turkey’s Central Bank Governor Sahap Kavciogluc made it clear that the recent ban on crypto payments is not part of a plan to overrule Cryptocurrencies. More updates will follow about the new regulations in the next two weeks. This will bring in the much needed crypto supervision. Read Full on Finbold.

Two Prominent Hotels In Spain Now Accepts Crypto Payments

Hotel Bécquer and Hotel Kivir takes a move together to accept crypto payment for room bookings, this is facilitated by the domestic exchange Criptan. This means an addition to the number of retails and tourism businesses all over Spain that now accept crypto payments. Alejandro Rodríguez, the manager of both hotels believes this recent technology will restructure the hotel better. Read Full on Bitcoin News.

Valkyrie’s Bitcoin ETF Gets Filed For Listing By NYSE

The New York Stock Exchange plans to list the Valkyrie Investments bitcoin exchange-traded fund (ETF) and have already filed an application before the Securities Exchange Commission. The SEC has 45 days to conduct a review on either to approve or disapprove the proposal. The Valkyrie Investments is very optimistic as the new chairman, Gary Gensler is crypto-friendly and NYSE is now the largest with market cap of $25.62 trillion as of February 2021. Read Full on Finbold.

P2P Volumes Grows In Egypt As Youths Trading Crypto

P2P data shows an increasing crypto trading volume averaging $205,000 weekly, this increase is as a result of the citizens seeking other sources of income with many resulting in trading or holding bitcoin. Despite the restrictions by the Central Bank of Egypt (CBE)’s towards digital assets, still, over 67% of the adult population sees cryptocurrencies as a good investment plan, the interest of the citizens grows as seen from the P2P data. Read Full on Bitcoin News.