Dear subscribers, Welcome to your Monday edition of Inside Cryptocurrency. Today's issue is filled with the latest and best news taking place in the crypto space - enjoy! For readers who want more content, consider signing up for the premium version of the newsletter. By doing so, you'll receive all the news straight to your inbox for just $10 per month, or $100 for the entire year. Here's what you'll get: - Full access to content five days a week, with an ad-free experience.
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Coin prices across the board are in the red as we go through Monday trading. However, despite the slight dip in values, the total market capitalization is above $200 billion at the time of publishing. - Bitcoin: $7,071 (⬇️ 1.96%) // $129.6 billion market cap.
- Ethereum: $180 (⬇️ 1.65%) // $19.9 billion market cap.
- XRP: $0.190 (⬇️ 1.42%) // $8.3 billion market cap.
- Tether: $1.00 (⬇️ 0.62%) // $6.3 billion market cap.
- Top 100 Winner: MaidSafeCoin: $0.121 (⬆️ 75.34%) // $55 million market cap.
- Top 100 Loser: Nervos Network: $0.004 (⬇️ 6.52%) // $68 million market cap.
Prices are as of 1:30 p.m. ET.
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First Bitcoin fund launches in Hong Kong. A company has launched the first regulated Bitcoin fund there that tracks the price of Bitcoin and provides institutional investors access to Bitcoin via a traditional fund structure... | |
Ethereum 2.0 testnet reaches nearly 20,000 validators. Signaling the arrival of proof-of-stake (PoS), the launch of Ethereum 2.0 has generated much debate... | |
Dash Core Group to update Evonet test network every six weeks. The developers behind the Dash altcoin released an announcement as to its plans for future releases regarding the Dash platform. According to the release, it hopes that these changes will make it more reliable, transparent and predictable. As a result, going forward, Dash Core Group said that they will be releasing updates to Evonet roughly every six weeks. The first release is projected to take place between April 22 and May 5. With frequent updates, Dash Core Group expects to receive more feedback, which will help to uncover any false assumptions made during the update, according to the developers. DASH CORE GROUP 
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 U.S. Congresswoman: Libra is still a security despite a change to its whitepaper. According to a new statement published by U.S. Rep. Sylvia Garcia (D-Texas), the release of the second whitepaper for Facebook's Libra project doesn't address the concerns she raised with Facebook's CEO Mark Zuckerberg when he addressed the U.S. House Financial Services Committee last October. Garcia is concerned Facebook and Libra can't be separate from each other if Facebook is involved and has some control over it. Due to the fact that Facebook and the Libra Association have chosen not to listen to what Garcia described as bipartisan concerns, she noted that she will continue to work with the U.S. Securities and Exchange Commission (SEC) to ensure that it regulates the asset as a security under current securities laws. SYLVIA GARCIA
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 BitMEX has launched a COVID-19 Response Fund to help with the global health crisis. The derivatives exchange platform has become the latest to join efforts in tackling the coronavirus pandemic. In an announcement today, HDR Global Trading, BitMEX's operator, said that it had contributed a total of $2.5 million, which will go toward four organizations. With grants between $300,000 and $1 million, those that will be receiving them are the two Gates Philanthropy Partners COVID-19 Funds, the biosecurity program at the Nuclear Threat Initiative, OpenMined, and Our World in Data. These four organizations are working to identify the most vulnerable countries to COVID-19, as well as creating privacy-preserving apps, developing vaccines, diagnostics, and treatments. The Stellar Development Foundation committed up to 2.5 million Lumens earlier this month for non-profits working to beat the pandemic. BITMEX
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Facebook's Calibra is seeking to create 50 new jobs for its Dublin-based team. Despite the current climate around COVID-19 and many companies laying off or furloughing their staff, Facebook's Calibra is going against the trend and it set on creating 50 new positions by the end of the year. According to the social media platform, Ireland remains "critically important" to the organization and is planning to continue investing in the country. Facebook first landed in Ireland in 2009 when it employed just 30 people. Now, though, the company has expanded to other regions outside of Dublin such as Clonee, Co Meath and Cork. Facebook employs 5,000 people across the country in various organizations such as Instagram and Whatsapp, which it also owns. THE IRISH TIMES
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Survey: 38% don't trust decentralized digital currency. In a survey of more than 3,000 users, The Economist and Crypto.com have looked at the level of trustworthiness toward the digital currency sector. It, surprisingly, found that... To read more about how users think of the trustworthiness of digital currencies, click here to upgrade to our premium version of the newsletter for only $10 per month, or $100 a year. UPGRADE TO INSIDE CRYPTO PREMIUM  | | | |
Bank of China: Digital yuan won't cause inflation. That's according to an update released yesterday on China Central Television. According to a person in charge of the Digital Currency Research Institute of the People's Bank of China, the development of the digital yuan, also known as DC/EP (digital currency/electronic payment) was making steady progress, adding that closed pilot tests have been carried out in the cities of Shenzhen, Suzhou, Xiong'an New District, Chengdu, and the future Winter Olympics location. However, the individual wanted to clarify that the testing of the DC/EP doesn't mean that it has been officially issued to the general public; it also won't affect the RMB issuance and circulation system or the financial market beyond the testing environment. The report noted that because it won't be issued in large quantities and will only be promoted in the short-term, the DC/EP won't cause inflation. COINTELEGRAPH
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 |  | 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 | Beth Duckett is a former news and investigative reporter for The Arizona Republic who has written for USA Today and other publications. | |
