🗞 Daily Crypto News, April, 1st💰

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Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

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🗞 Market Wrap: Bitcoin Pushes $60K as Goldman, BlackRock Moves Signal Adoption

  • Bitcoin (BTC) trading around $58,682 as of 20:05 UTC (4:05 p.m. ET). Climbing 0.4% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $56,934-$59,835 (CoinDesk 20)

Bitcoin was flat to slightly lower Wednesday though closed out its best start to the year since 2013 on signs of growing adoption of cryptocurrencies by the likes of Wall Street firms Goldman Sachs and BlackRock.

“The great portfolio rebalancing is already underway,” Matt Blom, head of sales and trading with the digital-asset firm Equos, wrote in an email.

Crypto lending firms including CoinDesk sister company Genesis and BlockFi are cutting the interest rates they pay on large-scale bitcoin deposits, potentially signaling an end to the glorified 4% to 6% levels that have served as a staple of the lucrative market.

Ether rises with bitcoin

🗞 Digital Euro Will Be Decided On Within Months: ECB’s Lagarde

  • ECB president Christine Lagarde today said that a decision on whether to release a digital Euro will be made by the middle of this year.
  • But the actual release of a European central bank digital currency will take years, she added.

A decision on a digital Euro will be made in the next few months—but the actual release of such a currency could take years, European Central Bank boss Chirstine Lagarde said today.

The ECB president told Bloomberg that the whole process of developing a central bank digital currency (CBDC) could take at least another four years, though the Bank plans to make a decision on whether to move on the initiative by "mid-2021."

🗞 Bakkt launches payments app as institutions compete for crypto assets

NBA Top Shot maker Dapper Labs has secured about $305 million in new funding round from investors.

Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public.

Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative.

Bakkt’s app was trialed by 500,000 users invited to participate in its Early Access Program in late 2020. The firm is also conducting a $1 million giveaway to encourage people to download the platform.

“Starbucks is proud to be an innovation partner with Bakkt. Our teams worked closely together as Bakkt sought input in developing a unique and trusted payment experience that enables customers to unlock the value of their digital assets in the form of US dollars.”

🗞 Tether Is Trying to Be More Transparent. But Questions Linger

  • Yesterday, Tether released an attestation regarding its reserves.
  • It’s an attempt to show that all its stablecoins are fully backed.
  • It’s knottier than it seems.

Yesterday, stablecoin issuer Tether released an attestation regarding its reserves—the amount of assets that “back” each coin.

It’s the first such attestation from Tether in years, and it hasn’t exactly reassured the skeptics.

Just February 28?

According to the attestation, Tether had $35.3 billion on February 28, supporting the $35 billion in Tether circulating at that time. But what about before the 28th?

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🗞 Daily Crypto Calendar, April, 1st💰

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  • COTI (COTI)

"We are happy to say that we will increase each Community Node's capacity for April allowing us to increase the staking pool and staking..."

  • Chainlink (LINK), Konomi Network (KONO)

"We're having a joint #AMA with @chainlink on their YouTube channel on April 1st, 8 a.m ET / 8 pm SGT"

  • SKALE (SKL)

"Upcoming epoch starts April 1, so get your staking in by March 31."

  • Rally (RLY)

"@CoinList is partnering with Rally to offer their first liquid token sale & distribution: $RLY token."

  • Oxen (OXEN)

"Oxen Service Node operators and contributors can start earning Staking Points and 4.5m FLIP tokens"

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