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Stack Overflow’s research on Bitcoin adoption, #JeSuisHodlonaut trends and more

Febin Jose

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Stack Overflow's research on Bitcoin adoption, #JeSuisHodlonaut trends and more

Daily Crypto News – April 12

1) Top Coinbase official steps down: The latest news from the world’s largest cryptocurrency exchange in terms of users is that Dan Romero, Vice President of International Business — UK/EU, APAC across Consumer and Institutional products, has left the company after 5 years.

Read more at https://bit.ly/2ItdIJG

2) Did Assange orchestrate Bitcoin dip? : In what could be the conspiracy theory of the day, two YouTubers, That Martini Guy and Mr_Kristof, alleged that the Founder of WikiLeaks orchestrated the cryptocurrency’s price fall yesterday after he liquidated over 4K BTCs worth $20 million through cryptocurrency exchanges.

Read more at https://bit.ly/2PeeCeB

3) US Congressmen on cryptocurrency laws: The congressmen requested the IRS to clarify three major areas that will help in alleviating the confusion surrounding the cryptocurrency industry.

Read more at https://bit.ly/2Gl79HB

4) Vitalik Buterin on possible ETH hard fork: Jimmy Song’s question regarding a scenario where the US Court orders an ETH hard fork grabbed Vitalik Buterin’s attention, who stated that this question was raised in the past, attaching the link to a video where he addressed these concerns.

Read more at https://bit.ly/2UerhyT

5) Goldman Sachs CEO on crypto-trading desk: Goldman Sachs’ Chief Executive Officer, David Solomon stated that the company never had any plans to start a cryptocurrency desk, during a House of Representatives panel meeting.

Read more at https://bit.ly/2KG2XGq

6) Money Tap loses partner: In a major setback to the Ripple-XRP ecosystem, Japan’s Resona Bank announced that they would be discontinuing cooperation with Money Tap. According to an official statement released by the bank, their collaboration would come to an end on May 13, 2019.

Read more at https://bit.ly/2v6GEz3



7) Bithumb registers $180 million loss: Bithumb, one of South Korea’s largest cryptocurrency exchange platforms, reportedly turned in a net loss of 205 billion Korean Won, approximately worth $108 million in 2018, according to KoreaTimes.

Read more at https://bit.ly/2P7aLzD





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Febin Jose is a full-time journalist/editor at AMBCrypto. He believes that cryptocurrencies will navigate a volatile future and that Arsenal can still win a title. Lives around the "if it sounds like writing, I rewrite it" mantra.

Altcoins

Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Namrata Shukla

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Binance Chain's adds Mithril as its first project followed by MITH/USDT trading pair
Source: Pixabay

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.

Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.

According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on Binance.com will be halted for the initial 12-hour migration period, however, trading will continue. The post added:



“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”

As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.

Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.





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