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Daily Crypto News

March 21 Daily report: BTC wobbles to $40,000, Charles Hoskinson Teaches Elon How To Fix Dogecoin, Institutional investors bought more Ethereum, Elon Musk Says Bitcoin Lightning Is Needed and Cryptocurrency Investors Ask Google

Cardano’s Charles Hoskinson Teaches Elon How To Fix Dogecoin

How To Fix Dogecoin Well, Doge is a Litecoin fork. And Litecoin is a Bitcoin fork, so they basically use the same code. Because the whole Cardano value proposition rests on the notion that Bitcoin is old technology. To begin with, he recommends Prism. He says it’s “probably the best and fastest Proof-Of-Work protocol on market right now.” It can do 10.000 transactions per second.

BTC wobbles to $40,000, but weak technical levels delay upswing to $50,000

Bitcoin price is pivotal at $40,000, whereby bulls lack the momentum to extend the gains to $50,000 and barricade the downside, eliminating all bearish threats. The 40% recovery from the support at $30,500 fizzled out at $43,000, marking the most formidable technical resistance.

Institutional investors bought more Ethereum than Bitcoin last month

In the report, CoinShares, the second-biggest and largest European digital asset manager said Bitcoin investment products recorded a colossal $98 million in outflows. The outflows were solely from Bitcoin investment products which totalled $98 million or 0.2% of total assets under management. While small, this marks the largest outflow we have recorded, with the second-largest for Ethereum $19 million in May 2019.

Elon Musk Says Bitcoin Lightning Is Needed

Tesla CEO Elon Musk is diving deeper into the Bitcoin scaling debate in his latest tweet. The centi-billionaire claims that a single layer will be able to handle all future transactions because of rapidly rising bandwidth and computing power but concedes that Lightning, a Layer 2 protocol, is still needed for now.

Cryptocurrency Investors Ask Google if They Should Sell After Crypto Market Crash

Cryptocurrency markets have been crashing over the last few days, with bitcoin dropping from a $57,000 high to $32,000 before it started recovering. The drop has seen search interest for crypto assets reach a new all-time high on the world’s largest search engine. Data shared by Google itself revealed that throughout the world, search interest for the term “cryptocurrency” hit a new all-time high, far above the search interest seen back in 2017.

Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
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New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
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USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
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Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
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Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes

On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape ...
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