Crypto News Digest April 18-24

18 April, 2021

$7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin’s price plunged to $52,000.

The subreddits for Dogecoin and CryptoCurrency added a combined 232,697 subscribers last week, far outpacing the growth of all other communities.

For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia

19 April, 2021

A chart provided by the popular analytics company Glassnode demonstrates that 20,952 Bitcoin were moved from the Binance exchange on Sunday, April 18—10 minutes after the price of the flagship cryptocurrency crashed.

Despite the recent crash, which saw over $360 billion evaporated from the crypto market, meme-inspired Dogecoin defied all odds and continues to surge to new highs.

TIME Magazine has added Bitcoin and 16 other cryptocurrency payment options on its platform to pay for its subscription in association with

20 April, 2021

PayPal-owned Venmo will now let users buy and send crypto, including Bitcoin and Ethereum, in amounts as little as $1.

In another big stride forward in crypto adoption in Canada, three new Ether-based ETFs will be launched on Toronto’s stock exchange (TSX) today

Canadian asset management firm 3iQ has received clearance from regulators to bring its Bitcoin Fund to Nasdaq Dubai

21 April, 2021

Beatport will accept Bitcoin as a payment method starting this July and is launching an NFT range in the meantime.

A coal mine located in China’s Xinjiang region flooded and shut down last weekend. The resulting effect on China’s Bitcoin mining industry has highlighted how the practice is still heavily reliant on coal.

Guggenheim Partners’ Scott Minerd sees major correction for bitcoin as part of its evolution.

22 April, 2021

ARK director of research Brett Winton and co-authors Yassine Elmandjra and Sam Korus, the company asserts that as renewable energy increases, mining for cryptocurrency will become much less damaging for the environment than initially thought.

Hong Kong-based Huobi Asset Management announced the launch of Bitcoin (BTC), Ethereum (ETH), and mining-related funds for professional investors.

Bitcoin mining farms and renewable energy facilities can greatly help each other to create an “abundant, clean energy future,” according to a joint research report published by payments company Square and asset manager Ark Invest yesterday.

23 April, 2021

CEO and founder of analytics platform CryptoQuant, Ki Young Ju, has taken to Twitter to offer his explanation of the recent Bitcoin rollback from the $55,000 level to the current $48,341 mark.

Crypto custodian BitGo has won a $4.5 million contract with the US Marshals Service to help manage seized Bitcoin.

A series of national petitions including one to unseat financial watchdog chief Eun Sung-soo gained traction after he disregarded cryptocurrencies as “real currency”.

24 April, 2021

Vebitcoin is the second Turkish cryptocurrency exchange to suddenly cease operations this week, citing financial difficulties.

The UK High Court has allowed Craig Wright’s lawyers to pursue legal action against the website for copyright infringement. Wright is infamous for claiming to Satoshi Nakamoto, the pseudonymous creator of Bitcoin, without ever providing proof of the claims.

Legendary American value investor William H. Miller III says Bitcoin is still “extraordinarily” early in its adoption cycle.

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