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Crypto Market Roundup – April 2019

Banks want in on crypto

Crypto Market Roundup: Latest Crypto News & Price Movements

Crypto market fluctuates in the blink of an eye, and no one can be 100% sure about it. So staying up to date with the latest crypto news and crypto market movements is the key to be a successful crypto trader. In this crypto market roundup, we’re going to highlight a couple of crypto news and crypto market movements as well, focusing on the big players such as Bitcoin and Ethereum.

Crypto Market Movement

There’re seven crypto coins from top ten coins by 24hour volume recorded negative changes, ranging from 0.19 percent to 7.30 percent. Bitcoin Cash represented a big loss of 7.30 percent, followed by Cardano that recorded a negative change of 2.38 percent. NEO ($12.9) and ZCash ($69.4) dropped 0.31% and 1.56% respectively. XRP posted a positive change of 4.85 percent, while Tron showed a gain of 2.31 percent. The pair shows a 75.20 percent share.

BTC

As of now, the BTC price is resting at $4,955, with a loss of 1.52 percent over the past 24hour. More than $320 million worth of Bitcoin were exchanged in Bitcoin/US dollar market showing a 11.37 percent share of international daily volume.

ETH

The Ethereum price showed a positive change of 0.33 percent in the last 24hour and is currently resting at $163, with more than $110 million worth of ETH were exchanged on the Ethereum/US dollar pair in the last 24 hours. The pair represents a 51.89 percent share.

Let’s see what’s in the crypto news section:

The Startup Company Behind Ethereum DEX Introduces Lighting Developer Tools

The startup company Radar, which garnered $10 million in funding last year, has introduced a hose to new tools especially designed for developers working on Lightning Network, Bitcoin’s additional layer for scaling payments.

Scheduled to be unveiled at Boltathon hackathon, the tools comprise a configuration helper that allows developers to set up a lighting node and an invoice called playground to test if their lightning node can link to other nodes.  There’s also a liquidity tool that ensures users can send/receive payments, a one-of-a-kind feature that’s not as simple as it sounds, as the technology is under development.

All the newly-introduced tools are also available on Radar ION, the company’s site aimed at onboarding lightening users. Developers and crypto enthusiasts attending virtual Boltathon conference are invited to have hands on experience with these tools.

Although Radar is best known for producing Radar Relay, a decentralized exchange dedicated to trading crypto tokens without an intermediary over Ethereum, this is the company’s public debut entering into the Bitcoin dominion by concentrating on lighting technology.

Russia’s Leading Gas Giant Gazprom Plans to Perform Business Contracts on the Blockchain

Russia’s top leading Gas industry company Gazprom could soon start using blockchain technology to monitor and execute business contracts. The company’s CEO, Alexey Miller, said Gazprom is now ready to initiate the process of taking the gas supply procedure to the next level using distributed ledger technology in its processes.

Miller said that his company will initially work in partnership with other major industrial consumers to execute Blockchain-based automated operations. The system will be accessible by everyone involved in the process and will be fully protected from unauthorized alterations, he further said.

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Bitcoin

“Cryptocurrency is a great idea” – Ron Paul

During a recent “Squawk Alley” interview, Former Republican congressman and presidential candidate, Ron Paul- discusses how he is in favor of cryptocurrencies as well as block change technology. Apparently, he enjoys competing currencies and believes they are a good idea. 

He also believes that the governments only have the right to step in to prevent fraud from taking place. In the interview, Paul states that, “the government has a role. And if somebody has a case that there is fraud, I think it should be investigated.” Paul then goes on to state that what he wants to do “is legalize the freedom of choice, absent blatant fraud.” Agreeably so, this is exactly the type of perspective that the crypto world needs.

Throughout the interview, Paul compares crypto to gold in many ways. He points out how both assets are competing with traditional fiat money. He discusses how our government has never been “very tolerant of competition, and they’re not even tolerant with using the Constitution to compete with the fiat dollar. Because gold and silver, you can’t use it.” 

This isn’t the first time that Ron Paul has discussed his views on crypto. Back in 2014, the Former Republican Congressman displayed his concerns about the foundation of crypto and Bitcoin. However, he acquired a bearish pro-crypto outlook on the future of fiat money. Paul believes that the dollar won’t last long as “they all self-destruct.” According to Paul, the only competition for the dollar is the euro and yen- which “isn’t any good.”

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Altcoin

33 CryptoCurrencies In 4 Words Or Less

We put together this list to describe the top cryptocurrencies that are worth your time in 2019.

Each gets four words. There are many!

Hopefully this provides orientation.

Scroll Down To View An Awesome Infographic from MrBtc.org!

 

Name            | Sym.  | Description                              
----------------|-------|------------------------------------------
Bitcoin         | BTC   | Digital gold                             
Ethereum        | ETH   | Programmable contracts and money         
Bitcoin Cash    | BCH   | Bitcoin clone                            
Ripple          | XRP   | Enterprise payment settlement network    
Litecoin        | LTC   | Faster Bitcoin                           
Dash            | DASH  | Privacy-focused Bitcoin clone            
NEO             | NEO   | Chinese-market Ethereum                  
NEM             | XEM   | Batteries-included digital assets        
Monero          | XMR   | Private digital cash                     
Ethereum Classic| ETC   | Ethereum clone                           
IOTA            | MIOTA | Internet-of-things payments              
Qtum            | QTUM  | Ethereum contracts on Bitcoin            
OmiseGO         | OMG   | Banking, remittance, and exchange        
Zcash           | ZEC   | Private digital cash                     
Lisk            | LSK   | Decentralized applications in JavaScript 
Cardano         | ADA   | Layered currency and contracts           
Tether          | USDT  | Price = 1 USD                            
Stellar Lumens  | XLM   | Digital IOUs                             
EOS             | EOS   | Decentralized applications on WebAssembly
Stratis         | STRAT | Decentralized applications in C#         
Electroneum     | ETN   | Monero clone                             
Bytecoin        | BCN   | Privacy-focused cryptocurrency           
Ardor           | ARDR  | Blockchain for spawning blockchains      
Binance Coin    | BNB   | Pay Binance exchange fees                
Augur           | REP   | Decentralized prediction market          
Decred          | DCR   | Bitcoin with alternative governance      
TenX            | PAY   | Cryptocurrency credit card               
BitShares       | BTS   | Decentralized exchange                   
Golem           | GNT   | Rent other people's computers            
PIVX            | PIVX  | Inflationary Dash clone                  
TRON            | TRX   | In-app-purchases                         
Vertcoin        | VTC   | Bitcoin clone                            
MonaCoin        | MONA  | Japanese Dogecoin


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Cryptocurrency

Is The IRS Coming For Your Secret Crypto Stash?

Whether we like it or not, the IRS may be coming for our secret crypto stashes. According to a recently leaked internal training guide, in order to locate people’s secret cryptocurrency stashes, the IRS may start sending subpoenas to tech companies. 

In order to help protect yourself and your stash, we recommend you check out the full guide. Initiated by Laura Walter, a CPA, the guide showcases an assortment of tactics that the IRS will be using to track down and detect undisclosed cryptocurrency. Some of these tactics include obtaining bank records as well as app download history and activity.

Just last month, the slides were presented to the staffers of the IRS at an event at the World Bank in Washington D.C. It has also been noted that the IRS will be presenting the training guide to law enforcement agencies as well as other partners from countless countries around the world. 

This particular guide goes over the basic concepts and definitions surrounding the cryptocurrency world. It also outlines the tactics the agents will be using to track down hidden wallets. This includes social media monitoring as well as credit card statements, PayPal activity, bank statements, etc. 

For those who are concerned about protecting their crypto stash, it is important to be informed about the actions of the IRS and their planned tactics. Awareness is key. Check out the guide and protect your assets!

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