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πŸ—ž Daily Crypto News, April, 28th

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Mr. Crypto Lemon πŸ‹
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  • Bitcoin Hits Highest Level Since Black Thursday Amid Halving Buzz;
  • After Steem Voting Controversy and Hardfork, Binance Lists HIVE ;
  • Bitcoin Whale Suggests BTC Price Will Crash β€” Halving Is Priced in;
  • Multi-Client Testnet for Ethereum 2.0 is Live, Bringing Phase 0 Closer;
  • Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower;
  • πŸ—ž Daily Crypto Calendar, April, 28th πŸ’°
  • Bitcoin Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

πŸ—ž Bitcoin Hits Highest Level Since Black Thursday Amid Halving Buzz

Bitcoin's rally is gathering pace with the mining reward halving now just 14 days away.

The top cryptocurrency by market value rose to $7,800 early on Monday to hit its highest level since March 12 – dubbed "Black Thursday" – when prices fell from $7,950 to $4,700 as the coronavirus pandemic crashed most markets.

At press time, bitcoin is changing hands near $7,700, representing a 100 percent gain on the low of $3,867 registered on March 13.

What’s more, institutions and macro traders are returning to the crypto markets after last month's crash, as suggested by the rise in open interest, or open positions, in bitcoin futures listed on the Chicago Mercantile Exchange (CME) – widely considered to be synonymous with institutional activity.

πŸ—ž After Steem Voting Controversy and Hardfork, Binance Lists HIVE

Binance has launched support for HIVE the month after the exchange participated in a controversial governance vote that sparked the Steem hard fork.

In response to customer demand, leading cryptocurrency exchange Binance launched trading support for the community-led Steem (STEEM) hard fork Hive (HIVE) on April 27.

HIVE can now be traded against Bitcoin (BTC), Tether (USDT), and Binance Coin (BNB), however, withdrawals and deposits will not go live until April 29.

While Huobi’s recently introduced support for HIVE skyrocketed the token’s price over 600% in three days, Binance’s announcement appears to have resulted in a bearish pull-back β€” with HIVE dropping 20% from $0.95 to $0.75 over the past 11 hours.

πŸ—ž Bitcoin Whale Suggests BTC Price Will Crash β€” Halving Is Priced in

The third Bitcoin (BTC) block reward halving is set to occur in 14 days and this event is usually preceded by a powerful rally that many have long forecast would bring the digital asset to a new all-time high.

Surprisingly, Joe007, one of the biggest Bitcoin whales in the cryptocurrency market, has implied that the halving is already priced in, which may leave the cryptocurrency vulnerable to a crash.

In a sarcastic tone, Joe007 said:

β€œNo, of course it's not priced in. On the very day of The Great Halvening, everybody will finally realize how underpriced BTC is, and they will all rush to buy it. In droves. With their unemployment checks.”

Joe007 is estimated to be holding a large Bitcoin short position, as shown by data from the Bitfinex leaderboard. It indicates that the trader is down $11.3 million in the past month. Given that the Bitcoin price has increased to around $7,700, it shows the whale is holding a large short position and expects the price of BTC to decrease in the short-term.

πŸ—ž Multi-Client Testnet for Ethereum 2.0 is Live, Bringing Phase 0 Closer

Coders from Prysm and Lighthouse have released a multi-client testnet for Ethereum 2.0 (ETH 2.0), as a vital step in the process towards Phase 0 (the beacon chain).

The news was announced by Afri Schoeden, release manager at blockchain infrastructure company Parity Technologies and ex-Ethereum developer, who recorded the Schlesi (Schlesisches Tor) v0.11 ETH2 multi-client testnet genesis event to share with the Cryptosphere on April 27. "It's up and running with both Prysm and Lighthouse validators for four hours now," says Schoeden.

πŸ—ž Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower

A Chinese city in the world's bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season.

Ya'an, one of the many cities in China's mountainous Sichuan province, a region that's estimated to account for over 50 percent of Bitcoin network's computing power, has recently issued a public guidance – likely in its first – to seize the "strategic opportunity of the blockchain sector" so that they can help consume the area's excessive hydropower electricity.

Although not specifically mentioned in the guidance, bitcoin mining is an activity in the blockchain industry that is notable for its reliance on the intensive usage of electricity.

πŸ—ž Daily Crypto News, April, 28thπŸ’°

  • Hive (HIVE)

Hotbit Listing

  • APAC Blockchain Conf 2020

APAC Blockchain Conference 2020 in Melbourne from April 28th to 30th.

  • VeChain (VET)

"Crypto.com is pleased to announce the listing of VeChain (VET) on The Syndicate platform."

  • OneLedger (OLT)

OneWallet Developer Ver.

  • Kusama (KSM)

"ZBG.com will list the @kusamanetwork (KSM) on April 28, 2020."

Bitcoin Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

We are still progressing slowly but I'm suspecting that another move is in preparation. We are almost paused since some days now and yeah, even if it is a little UP, that kind of move is not usual for the BTC, except when there is a big move in preparation. So if you did some nice profts with the recent UP, I would suggest you to perhaps think to take some profits. I'm afraid that if a correction starts, 7330$ won't be able to support it.

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