CryptoAddicted

Three Upcoming Blockchain Projects You Should Be Watching: 1. BENQi BENQi is a decentralized liquidity protocol based on the fintech-focused Avalanche network. It allows holders of idle assets to lock them into the protocol in return for yield-bearing tokens, or assets can be used as collateral for loans. The protocol will be subject to decentralized governance by QI token holders with 50% of supply to be distributed through liquidity mining. 2. Jigstack Jigstack has the ambitious goal of becoming the “Microsoft of DeFi” – creating a safe, user-centric, and simplified experience. The project believes that DeFi in its current form is broken due to the high level of risk and fragmentation in the ecosystem. 3. BlockSwap London-based startup BlockSwap is aiming to unlock the increasing token liquidity that’s being tied up in staking platforms. Staking is proving to be a popular means of generating passive incoming on idle crypto, but users can’t access the liquidity while it’s staked.

Binance Coin (BNB) 📊 BNB on the verge of new all-time highs above $700 Binance Coin price is on the verge of a new all-time high again, rallying alongside CAKE. The Ethereum rival only faces one critical resistance level and the number of large holders continues to rise. - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

Coinbase offers customers a way to purchase crypto using PayPal Coinbase users with PayPal accounts will now have another way to purchase crypto through the exchange. In an announcement from Coinbase today, the crypto exchange said it would be allowing its customers based in the U.S. to buy crypto using debit cards and bank accounts linked to their PayPal accounts. Coinbase said the move would let many users bypass automated clearing house and wire transfers — methods the exchange still offers — to fund crypto purchases. The integration will reportedly allow Coinbase users with PayPal accounts to “buy crypto instantly” without adding bank account information or credit card numbers directly to the exchange. Users will be able to purchase up to $25,000 in crypto daily using payment methods from PayPal.

SuperDOGE Meme Coin Launches, Reaches $13M Market Cap in First 48 Hours SINGAPORE, April 29, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) – SUPERDOGE (https://superdoge.io/), the world’s first crypto superhero meme coin, today announced the success of its viral launch, which reached a $13 million market cap within the first 48 hours. SUPERDOGE ($SUPDOG) is a community based cryptocurrency that donates 2% of every transaction to various charities via smart contracts. Since its launch, SUPERDOGE has raised over $150,000 USD for various charities. Currently trading on PancakeSwap, SUPERDOGE leverages DeFi and the Binance Smart Chain to introduce a new crypto investment opportunity tied to social giving and fundraising. “SUPERDOGE combines superhero personalities to cryptocurrency, adding a charitable purpose to investing,” said SuperDoge Founder. “The initial success of the first few days of launch signifies the growth potential of SUPERDOGE and the future of meme coins and fundraising.”

IRS Hiring Hackers Who Can Crack Bitcoin Wallets While cryptocurrency holders are moving their coins to secure hardware wallets, the Internal Revenue Service (IRS) is not asleep at the wheel. According to a report by VICE, the law enforcement arm of the ferocious tax-collecting government agency is hiring contractors who are able to crack crypto wallets that may be related to investigations. The document posted by the Criminal Investigation Division (CID) reads that its inability to crack "the cryptographic puzzle" makes it challenging to track the movement of funds and recover them: «The decentralization and anonymity provided by cryptocurrencies has fostered an environment for the storage and exchange of something of value, outside of the traditional purview of law enforcement and regulatory organizations. There is a portion of this cryptographic puzzle that continues to elude organizations—millions, perhaps even billions of dollars, exist within cryptowallets.»

DOGE miners are currently enjoying a revenue of more than a million dollars, never seen before level, which was as low as $1,000 in 2014.

Turkey says Thodex crypto scam concerned portfolio worth $108M The collapse of one of Turkey’s largest cryptocurrency exchanges concerns a portfolio estimated to be worth $108 million (TL 890 million), Interior Minister Süleyman Soylu said Wednesday, in what turned out to be a far lower figure that was earlier reported. Istanbul-based Thodex ceased operations last week, dealing a major blow to hundreds of thousands of Turkish cryptocurrency investors, who have been left unable to access their digital assets. Turkey launched an international manhunt for the exchange's 27-year-old founder and CEO Faruk Fatih Özer, who fled to Albania’s capital Tirana. The cryptocurrency firm had around 390,000 active users, whose accounts were allegedly said to be nominally worth a total of $2 billion.

Algorand Partners With pNetwork To Build Cross-Chain Bridges. After receiving a grant from the Algorand Foundation, pNetwork and Algorand have consolidated their partnership. The cooperation will build cross-chain bridge power by pNetwork to connect Algorand to external networks and increase assets and token liquidity in its ecosystem. pNetwork, a system composed of multiple validators to achieve cross-chain composability, will allow assets to be interoperable with Algorand, a pure Proof-of-stake blockchain. This network is natively complex to be connected with other protocols. The cooperation is set to tackle this issue and expand Algorand ecosystem. The cooperation will enable Algorand to support some of the most relevant tokens and cryptocurrencies in the industry, such as BTC, ETH, BNB, LTC, EOS, MATIC, and many others. These cryptocurrencies are already cross-chain connected with pNetwork, the system has one of the highest numbers of bridges in the crypto space.

U.S. Bank, Fifth Largest American Bank, Offers Cryptocurrency Services. U.S. Bank announced in a blog post that it will launch three cryptocurrency offerings to its clients. The bank joins other traditional finance institutions like the New York Mellon (BNY Mellon) in joining the crypto space.

XRP (XRP) 📊 On the 4-hour chart, XRP price shows the formation of a potential inverse head-and-shoulders pattern. This technical setup contains three distinctive valleys. The one in the middle is typically deeper than the other two and forms the “head.” The slightly lower valleys of almost equal height create the “shoulders.” Hence, the namesake “head and shoulders.” Connecting the series of highs of these swing lows reveals a resistance barrier known as a “neckline” at $1.46. If the buyers produce a decisive close above this point, it would signal a breakout and project a 35% upswing, determined by measuring the distance between the horizontal resistance level and the swing low set up by the central valley. Adding this measure to $1.46 yields a target of $1.98. While the theoretical target stretches 35%, XRP price may make pit stops at the 162% and the 200% Fibonacci extension levels at $1.65 and $1.76, respectively.

The European Central Bank (EIB) has issued its first ever digital bond on public blockchain platform Ethereum. The two-year bond, which is worth €100 million, was launched in partnership with Goldman Sachs, Santander, and Societe Generale. The central bank for the eurozone said that in collaboration with Banque de France, the payment of the issue monies from the underwriters to the EIB has been represented on the blockchain in a central bank digital currency (CBDC) format. The transaction consists of a series of bond tokens on a blockchain, where investors purchase and pay for the security tokens using traditional fiat.

Cardano (ADA) The potential Ethereum killer has managed to break past resistance at $1.33 earlier today after trying hard at this level since the previous session. However, since then, it has been trading mostly steady and it is highly likely that some exhaustion sets in. In case this impacts investor confidence and interest, it could send ADA’s price possibly down to $1.26, and possibly even all the way down to $1.14. A decline in prices could then encourage more buyers to step into the market and drive up interest, which could then help strengthen the uptrend to take it all the way beyond $1.40. If this happens soon, can we see Cardano’s price rising to the $1.48 level and going beyond? - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

UK revenue authority to target cryptocurrency tax evaders The U.K. tax authority is trying to crack down on wealth hidden in "unsanctioned" currencies. Her Majesty's Revenue and Customs, the tax authority of the United Kingdom, will ramp up its efforts to snare cryptocurrency tax evaders in an attempt to uncover what it regards as hidden wealth, says U.K. accountancy group UHY Hacker Young. According to the group, the “statement of assets” form that is used in tax evasion investigations will now include a section focused specifically on cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and others. Along with explicit demands for information on crypto holdings, the form will also reportedly include sections dedicated to other systems of exchange, including the black market peso used by Mexican and Colombian cartels, along with similar unsanctioned currencies used in Africa, India and China.

VeChain (VET) VeChain price has broken the short-term market structure by setting up a higher high on April 27. Since then, VET has retraced nearly 16% to a 4-hour demand zone that extends from $0.190 to $0.198. Over the past 24 hours, the buyers in the area have prevented VeChain price from sliding lower, indicating a buyer interest. Hence, a bounce from this barrier to the swing top at $0.251 is the path that the bulls might take. However, the recent swing high at $0.224 might dampen the buying pressure. Thus, it is crucial to breach past the higher high to retest $0.251. While the 4-hour demand zone seems like a viable barrier to bounce from, a potential spike in selling pressure could easily overthrow it. A breakdown of the $0.186 level will invalidate the bullish thesis and kick-start a sell-off toward the 2-hour support area stretching from $0.154 to $0.175. - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

Altcoin movers. 💥💰 The cryptocurrency top-10 by market cap remains unchanged since yesterday. The market is mostly green today following some general recovery in both ETH and BTC. The total cryptocurrency market cap is back to $2.08 trillion after falling to $1.7 trillion last week. Fantom (FTM) is today’s biggest altcoin gainer by far. It’s up more than 44% in a move to $0.69. The pump has propelled FTM into the #71 spot after an 82% total gain in the past week. Not many cryptocurrencies are in the red today. WAVES is the biggest loser of the day, although at the moment, it’s only down by just over 3%. This seems like just a normal correction considering that WAVES has added more than 32% in the past seven days.

Binance (BNB) 📊 BNB has been consolidating within a bull pennant for nearly 3 weeks. This pattern is nearing its end in a mere week. BNB has been catching a lot of hype recently due to BSC (Binance Smart Chain). There has been many new projects launching on this platform and have been producing mind blowing returns. This has been flooding massive interest to BNB. BNB has been holding its $541 minor support for the past two days. This level is also met with the 50MA on the 4 hour chart. If these levels break down expect a retrace to minor support range of $510 which is also met with the bottom trend line of the bull pennant. This is the probable path that BNB will take. - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

1inch has just released a mobile wallet for iOS. Decentralised exchange aggregator 1inch has released an Apple iOS wallet that will give mobile users the ability to transact on Ethereum and Binance Smart Chain. Users of the new DEX 1inch aggregator wallet will be able to instantly swap tokens with lower fees. The iOS wallet also supports so-called "hidden transactions" on the Ethereum network, which ensures that transactions are hidden from third parties. According to 1inch, this can reduce the risk of leading trades.

Tezos (XTZ) 📊 Tezos price extended its correction from the record highs above $7.50, registered on 17th April, the risk of another decline is still not over Tezos (XTZ) is currently trading around the $5.20 level, but if the price jumps again above $6 resistance, it would be a signal to buy Tezos (XTZ). The next price target could be around $6.5 or even $7; still, if the price falls below $4 support, it would be a strong “sell” signal - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

Elon Musk boosts Dogecoin again amid fresh ‘strong interest’ in altcoins 💥 The latest tweet nonetheless instantly placed DOGE in the top three daily movers with 20% gains to $0.32, beating Ether (ETH), which had itself just posted new all-time highs.💰 Bitcoin continued to range, meanwhile, failing to cement $55,000 support in a boon for those expecting a continuation of “alt season 2.0.” 📊 - 🤑 Lifetime 10% discount on all trading fees: https://accounts.binance.com/en/register?ref=BR4RANXX

- 🤑 Lifetime 10% discount on all trading fees on Binance: https://accounts.binance.com/en/register?ref=BR4RANXX