CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CARDANO News, RIPPLE News

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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CARDANO News, RIPPLE News
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Bitcoin hits new high of over $ 60K as valuation now exceeds JPMorgan, BoA and ICBC combined
Over the weekend, Bitcoin crossed the pivotal milestone, hitting an all-time high of over $ 61,000 before retreating a bit.

The cryptocurrency is trading steadily above 60 thousand dollars. Analysts have linked the rise in Bitcoin’s price to the institutional investment that continued to support the digital asset. Meitu Chinese-beauty app recently joined the corporation, announcing a $ 40 million purchase of bitcoins.
Ethereum Gains Strength Why ETH Is Ready To Beat $ 2,000
Ethereum is trading above the $ 1,850 support against the US dollar.

Ethereum was trading above the $ 1,900 resistance when Bitcoin rallied above $ 60,000. ETH traded up to $ 1,943 before colliding with sellers.
As a result, there was a downward correction below the $ 1920 and $ 1900 levels. Ether price even dropped below the support level of $ 1880. There was a break below the 23.6% Fibonacci retracement level of the upside movement from the swing low of $ 1722 to the high of $ 1943.

About 19,000 Bitcoins Listed on Gemini, Coinbase Premium Negative
After hitting an all-time high above $ 61,500 at the end of Saturday, Bitcoin appears to be under pressure at this stage.

BTC fell below the $ 60K level and is trading 2.5% to $ 59,666 with a market cap of $ 1.114 trillion.
However, there is a big wake-up call at this stage and new buyers will be cautious. CryptoQuant CEO and popular Bitcoin analyst Ki-Yong Joo notes that 18,961 BTC have been deposited on the Gemini Exchange.

India: Troubled Times Ahead As Officials Confident In Crypto Bans
Every time the price of Bitcoin rises, traders feel hopeful and regulators tend to worry.

When the market hit an all-time high in Bitcoin exceeding $ 60K, the Indian cryptocurrency market was awakened by disturbing news. A senior government official reportedly said the country would propose a strong law banning the use of cryptocurrency, even as a holding asset.
According to reports, the law, if passed, could become one of the most stringent actions in the world against cryptocurrencies and not only criminalize the possession, issuance, mining, trading and transfer of cryptocurrencies, but also leave a large hole in the cryptocurrency market in Asia.

XRP Holders Want To Intervene In SEC Case Against Ripple As A Third Party Defendant
John E. Deaton of Deaton Law Firm Filed Intervention Petition Between SEC And Ripple

XRP holder and managing partner of law firm Deaton John E. Deaton has filed a motion to intervene in Ripple’s litigation with the US Securities and Exchange Commission.

Roll social token platform exploited, token hoardings transferred and sold
Roll, a platform for issuing social tokens on the Ethereum network, was under an explicit attack that resulted in the theft and subsequent sale of tokens.

Blockchain data transmitted via social media indicates that the holdings of numerous social tokens issued on Roll were transferred and liquidated, and some of these funds were subsequently transferred to the Tornado transaction mixer. An analysis by Igor Igamberdiev of The Block shows that about $ 5.7 million in ETH was received during the attack. The market sale of the affected social tokens resulted in significant price reductions.

More than 100 companies are switching from Ethereum to Cardano: Charles Hoskinson
Cardano’s Charles Hoskinson compares Uniswap to Beanie Babies, rejecting Ethereum

IOHK founder and CEO Charles Hoskinson revealed in a recent interview with Bloomberg that more than 100 companies are in the process of switching from Ethereum and Cardano.

SBI Holdings continues to focus more on Ripple and XRP
Japanese financial firm SBI now allows clients to deposit XRP and earn interest.

The Japanese group of strategic business innovators, commonly known as SBI Holdings, has said it will reward its XRP Ripple shareholders for the second year in a row following a successful first round ending on March 31.
SBI Holdings said in an official statement that shareholders with 100 or more shares will receive $ 22.92 or 2,500 yen in XRP as a thank you for supporting the company.

BlockFi Raises $ 350 Million At $ 3 Billion Valuation
BlockFi reached $ 3 billion after the company raised $ 350 million in a Series D fundraising round.

Cryptocurrency lending company BlockFi raised $ 350 million in a Series D fundraising round led by big names such as Tiger Global, Bain Capital Ventures, and Pomp Investments. The firm plans to use this significant amount to launch new products.

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