DailyCoin
Published Apr 26, 2021 11:06AM ET
Updated Apr 26, 2021 11:30AM ET
Crypto Flipsider News – April 26th – Weekend Review: Cardano in Shopify and WooComerce, SEC vs Ripple, Bitcoin’s Proof-of-Work’s Energy Consumption, Solana Boom, Ethereum’s New Record, South Korea on Crypto, and Biden’s Law
Greetings to all crypto enthusiasts and blockchain evangelists from the crypto flipsider. Today is Monday, the 26th of April, which means it’s time for a weekend news review.
In today’s digest:
Market News:
The market is finally recovering from the dip. As we mentioned in the previous news digest, we are still in the bull market. There was no reason for panic.
Cardano Becomes a New Payment Method at Shopify or WooComerce
Cardano is upgrading and moving ahead. Moreover, this is not the only good news for the coin. The crypto reclaimed previous positions from Dogecoin and became the 6th cryptocurrency by market capitalization again.
Flipsider:
SEC is Sceptical About U.S. Government’s Intention to Ban Bitcoin
SEC Commissioner Hester Peirce claimed, “It’s very difficult to ban something that’s essentially a peer-to-peer technology.” In this way, he commented previous intention of the U.S. government regulations that touched cryptocurrency users.
Flipsider:
Ripple’s Chris Larsen Forecasts Bitcoin’s Fall due to its Proof-of-Work’s Energy Consumption
He said that Bitcoin should move away from proof-of-work. Also, he added that it’s a massive drain on power consumption and a “growing source” of CO2 emissions.
Flipsider:
Heating Up of the Ripple’s Lawsuit
The federal court didn’t accept a defendant’s argument. This meant that the XRP token could be deemed a security.
Flipsider:
Market Moves and Trends:
The market recovered from the red. All coins show green light on charts, except Dogecoin. That is what we warned in our article: please, be conscious when making sudden decisions. Speculators are waiting for newbies.
Solana Took Over VeChain and USD Coin
The coin gained more than 23% and is leading the chart for today. Moreover, it reached a new all-time high of $46 for the time of writing this article.
Flipsider:
Ethereum Rallies to $2,300 as Gas Fees Drop
In the previous digest, we mentioned that Ethereum experienced a slight drop after a rise. During the weekend, it resumed to going up. This happened due to gas fees drop.
What’s next???
South Korea’s Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down
Eun Sung-soo, chairman of the Financial Services Commission of South Korea, announced that all country’s cryptocurrency exchanges could be closed in September due to South Korea’s anti-money laundering (AML) law.
Flipsider:
Biden’s Tax Plan Makes Crypto Users Feel Uncomfortable
The new tax proposal remains a threat to Bitcoin whales. Some sources claim that bitcoiners may run to Altcoins.
Flipsider:
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Written By: DailyCoin
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