The US state of Wyoming has legalized cryptocurrency betting, while Ethereum (ETH) marks a new all-time high. These and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Ethereum (ETH) marks a new high on April 10. The second most important cryptocurrency on the market reached XNUMX $2.198, with a market capitalization of over $248.000.
📍During this weekend, Bitcoin (BTC) regained the level of the $60.000At the time of writing, BTC is trading at $59.920, though it briefly broke above the $61K level again. Analysts, who have long claimed that BTC's bullish trend has remained intact over time, point out that investors and users are regaining optimism towards this cryptocurrency in the markets.
One of the key support levels for Bitcoin right now is $58K. As long as the cryptocurrency is above this level, it can continue the short-term bullish trend and reclaim $61K, and even surpass its all-time high of $61.711.
📍ENJ is one of the tokens in the crypto ecosystem that has shown the greatest growth in recent weeks. The token is being driven by the various positive news surrounding its environment, marking a new historical high of $3,94 the 9 for April.
📍XRP returns to fourth place among the most important cryptocurrencies in the market, with a market capitalization of more than 62.000 million of dollars. A victory by the issuing company, Ripple Labs, against the SEC seems to be one of the main reasons that is influencing this revaluation. At the time of this edition, XRP is trading at a value of $1,36.
Ripple Labs’ lawyers have scored a victory over the SEC, getting the court to deny the regulator’s request to subpoena financial information from Ripple’s top executives. The court noted that information unrelated to the company is not relevant to the case.
Cryptocurrency and Blockchain Adoption
📍Various exchanges of cryptocurrencies in the world are processing bitcoin transactions quickly and cheaply through the network Lightning Network. LN allows for greater speed and extremely low fees on transactions involving cryptocurrency, says one of the releases press releases shared by the exchanges that implement the network.
📍Also in Ethereum, the protocols are already implementing the scalability solution zk-rollups. dYdX, one of the most used decentralized lending protocols in DeFi, announced that will implement the zk-STARKS for its new second layer solution, which will allow users to enjoy almost instant low-cost transactions.
Rollups are a solution that helps Ethereum overcome scalability issues on the network to process a larger number of transactions in less time. This in turn reduces high network fees.
Miners
📍Riot Blockchain is on track to become the largest Bitcoin mining pool in the United States. The company announced the purchase of the Whinstone US Inc., with all its assets and shares, to form the largest mining company in America.
Whinstone is the owner and operator of the largest Bitcoin hosting facility in North America, with 300 MW of developed power capacity and an attractive long-term power purchase agreement.
NFT and DeFi Markets
📍VideoCoin bet on the construction of a trading platform NFT next-generation video. The protocol is combining its network technology with Filecoin IPFS, the project that implements the InterPlanetary File System. The new platform will allow users to create, store, and trade video-based NFTs.
📍A decentralized finance protocol (DeFi) is developing a new lending solution based on the protocol RSK, created as a scalability solution for the Bitcoin blockchain. The platform designed by Tropykus Finance It is aimed at offering a financial solution for clients in Latin America, with the RBTC, DOC, RIF and tokens USDT.
Regulations
📍Wyoming legalizes online sports betting with cryptocurrencies. The state of Wyoming approved a bill legalizing online crypto sports betting. Now users of cryptocurrencies and digital assets can use their assets to fund their accounts in this state. The new law will come into effect next September.
Continue reading: Bitcoin Hash Rate Hits New High, Miners Earn Over $58 Million a Day
