Crypto Morning News - May 5th, 2021
Tether added 2 billion USDT on the TRON network (authorized but not issued)
According to Tronscan data, Tether added 2 billion USDT on the Tron network at 21:39 on May 5th. In this regard, Paolo Ardoino, Chief Technology Officer of Tether, said that TRON has supplemented its inventory of 2 billion USDT. This is an authorized but unissued transaction, which means that the amount will be used as inventory for the next issuance request and chain swap.
Visa partners with fintech startup Tala to promote cryptocurrency adoption in emerging markets
Forbes reported that Visa today announced the establishment of a new partnership with Tala, a digital financial service provider in emerging markets. The goal is to start with the stable currency USD Coin (USDC) to provide consumers who cannot enjoy banking services with more convenient use of cryptocurrency. channel. The collaboration will also include Circle, one of the founding members of the Centre Consortium, and the Stellar Development Foundation, which oversees XLM tokens. Through the integration with Circle and Stellar, Tala customers will be able to access USDC through the Tala digital wallet, supporting asset storage, cross-border transfer and cryptocurrency-fiat currency exchange functions. The cooperation with Visa will enable Tala to issue Visa cards associated with wallets, enabling Tala customers to spend their USDC balances at any of the 70 million merchants that accept Visa globally.
CryptoQuant CEO: The ETH Coinbase premium has risen sharply, and US institutional investors are buying ETH
According to Mars Financial News, CryptoQuant CEO Ki Young Ju tweeted that another evidence that US (institutional) investors are buying $ETH at @Coinbase. $ETH Coinbase premium has been significantly increased since early 2021. New money is flowing into the crypto market.
LINK broke $50, hitting a record high
LINK has continued to rise in recent days and has now broken the $50 mark, quoting $50.7991, an increase of 25.16% in 24H.
Ethereum expansion plan SKALE has launched the SKALE chain on the mainnet after the Denali upgrade
The Ethereum expansion plan SKALE Network announced that after completing the Denali mainnet upgrade, the SKALE chain has been launched on the mainnet. Denali is the first major upgrade after the launch of the SKALE mainnet, making the SKALE network a multi-chain network that operates together through native integration with Ethereum. SKALE stated that the SKALE chain is a blockchain created by the Ethereum blockchain. It is native to Ethereum, which means that certain key functions are dependent on Ethereum. In addition, SKALE also stated that the Nifty game will be launched on the SKALE mainnet in the near future. This is the first DApp on the mainnet, demonstrating many advantages of the network, such as block time, storage, wallet, and interoperability with the Ethereum ecosystem.
OpenSea's trading volume reached a record high of 22,996,600 yesterday
According to data from Dune Analytics, the total transaction volume of the NFT trading platform OpenSea on May 4 reached $22,996,600, a record high.
Bitcoin trading volume in April was 7 times that of Apple stock
According to Mars Financial News, the research company Finbold released a report saying that Bitcoin's trading volume in April was $1.84 trillion, which was at least 7 times the trading volume of Apple's $249.22 billion stock. This shows that with the influx of more and more institutional investors, cryptocurrency as an asset "is no longer excluded." Finbold said that digital currencies are now competing with established traditional asset classes.
Gemini founder: Gemini is now supporting DOGE
Gemini founder Tyler Winklevoss tweeted, “Trading for $DOGE is now open on @Gemini. The people are speaking. So amaze!”
Over 210,000 BTC are locked on other blockchains such as Ethereum
Forbes reports that the total locked-up value (TVL) has surged in the past year. At present, more than 210,000 BTC (1% of the BTC supply cap) are locked in various forms on other blockchains such as Ethereum, and are valued at more than $11.5 billion at current prices.
CMC data: Dogecoin's market value surpasses XRP, ranking fourth
According to CoinMarketCap data, Dogecoin has a market value of $67.558 billion and has now surpassed XRP to rank fourth. Earlier, Gemini announced the listing of DOGE, and the transaction is about to open. Market shows that DOGE is now trading at $0.6473, an intraday increase of 28.39%.
Sotheby's will accept Bitcoin and Ethereum payments
According to U.Today reports, Charles F. Stewart, CEO of luxury auction house Sotheby's, announced that Sotheby's will start accepting Bitcoin and Ethereum payments, and art lovers can bid with cryptocurrencies next week. "Love is in the Air" by street artist Banksy. Cryptocurrency payments will be carried out in cooperation with Coinbase.
The total number of TRON accounts exceeds 31 million
On April 30, 2021, according to the latest data from the TRONSCAN TRON blockchain browser (https://tronscan.io), the total number of TRON TRON accounts reached 31,084,370, breaking through 31 million. The data of TRON is advancing steadily. As the ecology of TRON is gradually becoming stronger, it will also usher in more transaction volume.
MARKET DATA - TOP 10 [ from CoinMarketCap ]
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