Hey everyone! Welcome to today's newsletter. Today for our premium readers we have: - Gemini and Samsung are teaming up.
- The Stellar Foundation invests $550k into SatoshiPay.
- Crypto Masterclass, Peter Mallouk, president and chief investment officer of wealth management firm Creative Planning, who says there's no need to invest in Bitcoin, gold, or silver during COVID-19.
A reminder: If you subscribe to our premium content, you'll receive Inside Cryptocurrency ad-free five days a week, along with features like our daily Masterclass, interviews with crypto experts, and the latest studies and reports on crypto. Right now, we're offering 50% off of our monthly plan (only a few slots left!) if you use the promo code Crypto50. Click here to upgrade to premium! Best, | Rebecca | | | |
Market Watch Thursday trading is another positive day for coin prices. Bitcoin is steadily gaining toward the $10,000 mark, rising nearly 3% in a 24-hour period. Bitcoin | $9,405 | +2.74% | Ethereum | $210 | +1.28% | Tether | $1.00 | -0.09% | XRP | $0.196 | -0.72% | Top 100 Winner: Hedera Hashgraph | $0.046 | +14.26% | Top 100 Loser: THETA | $0.348 | -26.14% | Prices are as of 12:15 p.m. ET. | |
These two powerhouses are joining to push crypto forward. | |
SatoshiPay has received another investment... | |
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Throwback Thursday: Bitcoin trading in China falls to 1%. Before China banned direct trading with crypto, including Bitcoin and initial coin offerings (ICOs), in 2017, the percentage of trading in China's currency, the renminbi, accounted for 90% at its peak. However, following the ban, this fell to around 1% in 2018, according to the People's Bank of China (PBoC), the nation's central bank. Chinese authorities moved to ban trading in the crypto market due to an expanding industry that caused concern over financial risk. XINHUANET | |
Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Peter Mallouk, president and chief investment officer of wealth management firm Creative Planning, who says investors don't need to go to the speculative world to invest. "You have incredible companies that we know are not going anywhere, selling for half off." | |
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U.K.-based "challenger bank" Revolut has released figures that shows the COVID-19 lockdown has had an effect on crypto purchases. The U.K. was ordered to stay at home amid the coronavirus pandemic starting on March 23. According to Revolut, from March 16-30, there was a 58% drop in the amount of crypto bought by U.K. users per week, from $667 to $282. However, on April 20, the market saw a surge in interest, with the number of users buying crypto rising 68% over a two-week period. At the time, Bitcoin was valued at about $7,000. As of this writing, it's valued at over $9,000. FINEXTRA | |
Russia's Sberbank is reportedly buying ATMs that can mine crypto. Headquartered in Moscow, it's asking tenders to provide nearly 5,000 ATMs with graphic cards built-in that can support "blockchain operations." Questioning the need for the ATMs, two experts said the most obvious use case for them would be for mining crypto. However, the report also pointed out that Sberbank could be issuing its own cryptocurrency or that the government may be using the bank's network to distribute a cryptorouble. Another explanation, though, per the report, is that it's simply an error in the tender description and that the graphics card is needed for image recognition given that the ATMs have biometric authentication. COINTELEGRAPH | |
| | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. | | Editor | Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending. | |
Check out NowRx's investing page and see how you can invest in the future of delivery pharmacy today. | |
Take control of your energy footprint and save a few crucial dollars at the same time. | |