🗞 Daily Crypto News, April, 11th💰
Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!
🗞 Bitcoin Price Shoots Past $60K, Ether Hits New All-Time High in Early Saturday Trading
According to CoinDesk’s Bitcoin price page, the leading cryptocurrency traded above $60,000 for the first time in nearly a month after spending weeks vacillating between $52,000 and the upper $50,000s. Bitcoin pulled back marginally after peaking around $60,900, though it remains above the psychological marker as of press time.
Bitcoin last hit an all-time high in mid-March, according to CoinGecko.
Meanwhile ether, the second-largest cryptocurrency by market cap, came close to $2,200, just days after breaching $2,100 for the first time.
🗞 Stellar and XRP Surge 20% While Bitcoin and Ethereum Stagnate
Stellar (XLM) has surged by 20% overnight to reach 63 cents a coin.
The last time XLM crossed 60 cents was, very briefly, back on February 13, but for the three years prior its price has stayed below 50 cents. In fact, the last time XLM traded above 50 cents was back around the time it reached its all-time high of 93 cents back in January 2018.
Stellar co-founder and CTO Jed McCaleb is surely doubly happy this morning. XRP, the coin of the other project the American crypto entrepreneur founded and was CTO of, payments company Ripple, has also surged 20%. At the time of writing, XRP is valued at $1.42. McCaleb has billions of dollars of XRP holdings and, per an agreement with Ripple, can sell them periodically.
Confidence in Ripple is once again growing after its succession of small courtroom victories against the US Securities and Exchange Commission. Back in December last year, the SEC whacked Ripple with a $1.3 billion lawsuit alleging that the company sold XRP as an unregistered security. Ripple denies the allegations.
🗞 A Closer Look at the Environmental Impact of Bitcoin Mining
- Bitcoin (BTC) is a settlement system like FedWire, not a payments aggregator like Visa
- It uses energy to deliver that function independently of central authorities
- Global energy production continues to rely on fossil fuels
- However, cryptocurrency mining is mobile and global — constantly seeking out the cheapest available electricity, often stranded renewables
- Bitcoin mining has a substantial role, both in the present and the future, in eliminating waste and in load balancing power systems based on intermittent renewable energy
🗞 Signal Founder May Have Been More Than a Tech Adviser to MobileCoin
- Signal recently launched a beta integration of MobileCoin (MOB) for payments. Its price has jumped from $7 to over $55 in the past month.
- Signal founder Moxie Marlinspike, whom MobileCoin previously described as a technical adviser, may have been more deeply involved in the cryptocurrency project.
- An earlier, nearly identical white paper found online, which MobileCoin CEO Joshua Goldbard called "erroneous," lists Marlinspike as the project's original CTO.
The founder and CEO of encrypted messaging app Signal, Moxie Marlinspike may have been the former CTO of MobileCoin, a cryptocurrency that Signal recently integrated for in-app payments, early versions of MobileCoin technical documents suggest.
MobileCoin CEO Joshua Goldbard told CoinDesk this 2017 white paper is “not something [he] or anyone at MobileCoin wrote,” though it is very nearly a verbatim precursor to MobileCoin’s current white paper. Additionally, snapshots of MobileCoin’s homepage from Dec. 18, 2017, until April 2018, list Marlinspike as one of three members of “The Team,” though his title is not given there. He is not listed as an adviser until May 2018.
🗞 Daily Crypto Calendar, April, 11th💰
- UpBots (UBXT)
"UBXT Staking and Liquidity Providing Launch on UpBots Interface."
- SafeCoin (SAFE)
We are extremely excited to proceed with our launch of Safecoin Validators on Sunday, April 11.
"We will be holding live AMA on Sunday, April 11, 6 PM (UTC) about Safecoin Validators Launch, on Safecoin Youtube Channel "
- Dogira (DOGIRA)
"Crypto Talkz will host #AMA with Dogira Token on 11th April 2021 at 4 PM UTC"
- Ferrum Network (FRM)
"FRM/FRMx Snapshot for NetVRk Presale Participation. Time/Date: Sunday 11th April, at 9pm EST."
- LCX (LCX), SAND (SAND)
"Deposits of Sand (SAND) open now. Trading will start Sunday. Trading Pairs will be SAND/LCX and SAND/USDC. "
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