Cointime

Download App
iOS & Android

Cointime April 20th News Express

Comments

All Comments

Recommended for you

  • Insider: Trump team supports Kevin Warsh as US Treasury Secretary

     informed sources said that the Trump team supports Kevin Warsh as the US Treasury Secretary, and discussions are still ongoing.
  • Tether announces upcoming investment in stablecoin company Quantoz Payments

    On November 18th, Tether announced that it will invest in Quantoz Payments to launch EURQ and USDQ electronic currency tokens (EMT) that comply with the MiCAR standard for the euro and the US dollar respectively. Tether has not disclosed the amount of its investment, and Quantoz will use Tether's Hadron asset tokenization platform.
  • NANO LABS announces Bitcoin as its strategic reserve asset

    Nano Labs announced that it will use Bitcoin as its strategic reserve asset.
  • Revolut Launches Staking Feature for Six Cryptocurrencies, Allowing Users to Earn Rewards

    Revolut, a prominent digital bank, has introduced a staking feature that enables users to temporarily lock funds to secure a cryptocurrency's network and earn rewards. The staking process is simple and easy to use, and currently supports six cryptocurrencies: Ethereum, Solana, Polkadot, Cardano, Tezos, and Polygon. The rewards for staking vary depending on the amount of crypto staked and the chosen cryptocurrency, with APYs ranging from 2.09% to 12.30%. However, some cryptocurrencies have lock-up periods before users can access their balances. Revolut users can stake Ethereum and receive their rewards daily after a waiting period of approximately 2 days, but must wait 10 days to access their balance once unstaked. Staking Solana on Revolut offers an APY of 5.25%, with rewards paid every 3 days after an initial waiting period of 3 days. Staking Polygon on Revolut offers an APY of up to 3.74%, with rewards paid daily after a 1-day warm-up period. Revolut staking is available in select countries within the EEA, with fees ranging from 15% to 35% depending on the token and the amount staked.
  • Ethereum Struggles with Institutional Adoption, Losing Ground to Bitcoin

    Ethereum's eight-year support trend against Bitcoin has been broken, causing concern for its future. Tuur Demeester, founder of Adamant Capital, has described Ethereum as "dying a slow death" due to this development. The slow adoption by institutions is being blamed for Ethereum's setback, while Bitcoin continues to dominate. This could have implications for Ethereum's position as an asset class. Despite this, Bitcoin's price remains stable, while altcoins show mixed performance. The disparity between Bitcoin and Ethereum's adoption among institutional investors is due to Bitcoin's simpler use case and fixed supply, as well as its higher trading volumes in ETFs compared to Ethereum. Ethereum's scalability challenges and regulatory scrutiny, particularly regarding its transition to a proof-of-stake model, are also contributing factors. Institutional endorsement of Bitcoin ETFs has outpaced that of Ethereum, with major asset managers like Fidelity and Morgan Stanley adding Bitcoin ETFs to their offerings. Experts suggest that Ethereum needs to address scalability issues and redefine its role as a technology-driven platform to regain its competitive edge. Until then, institutional investment appears to favor Bitcoin.
  • Morgan Stanley expects US interest rate cuts of 75 basis points in the first half of 2025

    Morgan Stanley predicts that by mid-2025, the yield on 10-year US Treasury bonds will fall to 3.75%, and by the end of next year it will fall to slightly above 3.50%. It is expected that the US will cut interest rates by 75 basis points in the first half of 2025.
  • Vitalik: Hope to see more EVM Rollups to improve data efficiency

    Vitalik Buterin, co-founder of Ethereum, wrote on the X platform that part of the L2 expansion is for Ethereum to increase its blob capacity, and the other part is for Rollups to become more data-efficient. It is great to see Starknet rise to the challenge and hope to see more EVM Rollups improve data efficiency. Earlier, Starknet announced the release of the solution Starknet v0.13.3, which aims to meet the stable growth of Ethereum blob processing needs.
  • Musk: I still hold a lot of Dogecoin, and SpaceX holds a lot of Bitcoin

    On November 18th, Dogecoin UI designer DogeDesigner shared an audio clip of Musk saying "I still hold a lot of Dogecoin, and SpaceX holds a lot of Bitcoin."
  • Project Liberty Announces "Deep Partnership" with SOAR.com, Founded by Ancestry Founder Paul Allen

    Project Liberty has announced a "deep partnership" with SOAR.com, a series of AI-powered data sharing and social networking portals created by Paul Allen, the founder of Ancestry. Allen previously built a family social networking app on top of Facebook that attracted 120 million users. Project Liberty claims to be the leading bidder for the U.S. assets of TikTok if they become available. Bitcoin ETFs have recorded the third-highest day of outflows, while the funding for Web3 games is stabilizing at $1 billion in 2024. Meanwhile, Bitcoin has topped its lifetime high of $93,000 as U.S. demand surges, and experts suggest that President Trump could establish a U.S. strategic Bitcoin reserve.
  • BNB Chain has completed the second Sunset fork

    According to official information from BNB Chain, it has completed its second Sunset fork. The second Sunset fork will migrate the BNB beacon chain staking function to the BNB smart chain, and all assets need to be migrated from the beacon chain to the BNB smart chain. BNB Chain reminds users:1. Staked BNB: If BNB is staked, it needs to be migrated. If it is not migrated before July 14th, the staking will be automatically cancelled and returned to the user's account within 2 weeks.2. BNB and other BEP2 assets: These assets also need to be migrated from the beacon chain to the BNB smart chain. If the assets are not migrated, they will not be transferable after August 15th. If the asset migration is not completed yet, it needs to be done before July 14th.