Hey, fellow crypto lovers!
Are you ready for today’s dose of crypto news ? Here’s what’s happening Today, Ethereum (ETH) is putting on a show, reaching above $1,900 for the first time this week. Meanwhile, Bitcoin (BTC) made a quick climb above $30,000, but took a little tumble back to the $28,000 range and Currently trading at $29,131 at the time of writing. Unfortunately, other popular altcoins like Dogecoin (DOGE), Ripple (XRP), and Solana (SOL) experienced minor losses. But, on a brighter note, the MultiversX (EGLD) token is killing it, making a whopping 23% jump in the last 24 hours. So, what’s the current global crypto market cap, you ask? It’s at $1.20 trillion, with a 24-hour gain of 1.47%. Keep your eyes peeled for more exciting crypto updates!
Latest News
Revolutionary! Polygon Bridge Launches for zkEVM, Enabling Ethereum Withdrawals - Don't Miss Out!
Polygon has launched the Polygon Bridge, a new bridge that allows users to withdraw funds from Ethereum within 30-60 minutes, without undergoing the bridging process. The bridge supports popular assets like ERC-20 and ERC-777 tokens, and the Polygon zkEVM network provides scalability solutions to dApps running on the Ethereum blockchain, open to anyone who wants to transact their assets.
Bittrex Global CEO stands firm: SEC charges won't shake us
Bittrex Global CEO, Oliver Lynch, believes the SEC's accusation of violating local securities laws is wrong. Bittrex Global was not aware of the SEC's investigation until notified of the preliminary conclusion. The CEO asserts that Bittrex Global never claimed to provide services in the US and will defend its position that it has no US customers. Bittrex Global's global operations will not be affected by the closure of Bittrex's US operations on April 30, as Bittrex is an independent legal entity that only provides services in the US and to American customers.
First Republic Bank faces funding restrictions as Fed takes a hard line
US bank regulators are considering downgrading First Republic Bank's credit score, potentially limiting its access to funding through the Federal Reserve's credit facility. A downgrade could affect the bank's use of the Fed's discount window and emergency lending facility. The Blockchain Association's CEO, Kristin Smith, believes the outlook for US cryptocurrency policy is positive and that comprehensive regulation may be introduced this year or in the next few years, while also investigating de-banking of cryptocurrencies and seeking input from industry players.
Arkham defends against Bitcoin price crash allegations, blames market volatility
Blockchain analytics firm Arkham Intelligence denied causing the flash crash that saw Bitcoin's price fall 7% in less than an hour on April 26. The alerts were sent accurately, and neither the alert nor the tweet could have caused the sharp drop in BTC's price. The sudden and steep decline in prices led to a total sum of liquidations for crypto market participants topping $211 million at present.
Game On: Top Gaming Blockchain Switches to Polkadot ($DOT) - Here's Why
Mythical Games has left Ethereum to launch its new Mythos ecosystem on Polkadot, enabling gaming partners to build their own chains on the Polkadot network. Polkadot topped the list of crypto networks with the highest development activity in the last 30 days, according to digital asset market intelligence platform Santiment. However, the Polkadot price (DOT) showed no signs of bullish trend, largely following the overall downward trend of the altcoin market.
Dogecoin's Future: What's in Store 6 Months After Elon Musk's Twitter Takeover?
Elon Musk's Twitter takeover in 2022 sparked a brief surge in Dogecoin price, and despite market conditions not yet favoring a full-blown DOGE bull run, the acquisition has given Dogecoin a boost. Twitter may introduce crypto-based payments, leading to speculation about the potential for Dogecoin payments on the platform. As Elon Musk's preferred cryptocurrency, Dogecoin is in the mix of things for any potential crypto payment integration on Twitter.
That’s all for today’s crypto news! Keep an eye out for more exciting developments in the world of cryptocurrencies.