🗞 Daily Crypto News, April, 25th

Bitcoin to the Rescue as Ron Paul Says US Fed ‘Fake Economy Has Burst’ ;
Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank ;
Public Opinion Shifts on Big Tech and Privacy During Pandemic ;
Total Crypto Derivatives Volume in Q1 2020 Spikes 314% from Q4 2019’s Average ;
Another Prominent Investor Says Bitcoin Could Hit the USD 1m Mark;
🗞 Daily Crypto Calendar, April, 25th 💰
Bitcoin Trading Update

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

🗞 Bitcoin to the Rescue as Ron Paul Says US Fed ‘Fake Economy Has Burst’

The United States Federal Reserve “fake economy has burst,” former presidential candidate Ron Paul has announced as money printing takes its balance sheet to $6.6 trillion.

In a series of tweets on April 24, Paul became the latest critic to launch a scathing on U.S. economic policy present and past.

Paul: swap central planning for sound money

According to the pro-Bitcoin retired politician, neither coronavirus nor a brief uptick in stocks can hide the impact of the Fed’s actions. For him, Keynesian ideas such as market interventions and money printing are “un-American.”

.“Sleep well tonight. We are all so lucky to be living in an age when Fed will bail us out,” he sarcastically added in comments.

🗞 Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank

Deposits from digital currency customers at New York-based Metropolitan Commercial Bank – one of the few U.S. banks openly serving the crypto industry – increased for the first time in more than a year.

While the $3.6 billion-asset bank more than doubled its loan loss provisions to $4.8 million in the first quarter, the bank's overall deposit base grew by $231 million quarter over quarter, including a $25 million increase from the crypto sector, according to its earnings release. The level of digital currency deposits is 24 percent higher than last quarter but 40 percent lower than the same quarter last year.

The share of those deposits that were crypto customers also grew from 3.7 percent of total deposits in the fourth quarter of 2019 to 4.2 percent of total deposits, or $129 million, in this last quarter.

🗞 Public Opinion Shifts on Big Tech and Privacy During Pandemic

Recent polling finds the COVID-19 pandemic has softened the backlash against big tech firms. A majority of Americans now support tech firms being involved in tracing COVID-19, for example.

The recent round of polling is a turnaround from 2019. In 2015, 71 percent of Americans said tech companies had a positive impact on the United States, with that number falling to only 50 percent by 2019, according to the Pew Research Center. Over those same years, negative views of tech went from the high teens to 33 percent.

But during the pandemic tech companies are stepping into a new field — public health. Google and Apple have announced an initiative to support contact tracing through Bluetooth technology, which tracks when people come in contact with an infected person. MIT researchers have developed an app to serve a similar purpose, and other tech companies are lending their support to help combat COVID-19 in a variety of ways.

🗞 Total Crypto Derivatives Volume in Q1 2020 Spikes 314% from Q4 2019’s Average

A study by TokenInsight indicates that the total futures trading volume in the crypto industry reached over $2.1 trillion in Q1 2020. This is an increase of 314% from the 2019 Q4 average.

According to the “2020 Q1 Cryptocurrency Derivatives Exchange Industry Report”, except for a slight decline in Q4 2019, the trading volume of cryptocurrency futures grew in 2019. The total market turnover in Q1 2020 is roughly eight times than Q1 2019.

For trading volume analysis, TokenInsight included BitMEX, OKEx, Huobi DM, Binance Futures, Deribit, Bitget, Binance JEX, FTX, Gate.io, BFX.NU, BitZ, and KuMEX, in addition to some emerging derivatives exchanges

🗞 Another Prominent Investor Says Bitcoin Could Hit the USD 1m Mark

Another prominent Bitcoin bull is tipping bitcoin (BTC) to reach a price of USD 1 million within the next few years, just over a year IBM’s former head of crypto made a similar prediction, following on from eccentric tech magnate John McAfee, who has famously predicted BTC will hit this meteoric landmark by the end of 2020.

The latest claims come from Raoul Pal, formerly of GLG Partners. Pal is now working as the CEO of Global Macro Investor, which recently produced a 120-page report on the state of (and the future of) investment.

Pal predicts that the conventional economic system of money “fail more or less dramatically” in a “long, drawn-out bleed,” that will involve it “without becoming more of a Frankenstein’s monster.”

🗞 Daily Crypto News, April, 25th💰

Metal (MTL)

"MetalX launching this week. Regulated US Exchange. Adding friendly alternatives to @coinbase @Gemini @krakenfx and a few others."

Bitcoin (BTC), General Event (CRYPTO), Decred (DCR)

The Bitcoin Reformation conference in Antwerp from April 25th to 26th.

Zcoin (XZC)

Zcoin finalizes block reward percentages for the next halving at Discord community meeting at 10pm (GMT +8).

TRON (TRX)

"I will have an AMA with Brad S, head of Marketing @Poloniex to meet users at 5PM, April 25, 2020(SGT) in #TRON Korea Telegram..."

Bitcoin Trading Update by my friend @cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

As expecting, we are consolidating just upper than the support line around 7330$.it is good news as this was before a resistance line and that line now broken became a support line. What we need now is to have a new UP move to confirm the continuation of the UP trend. GO BTC, let's well finish that month.

🗞 Daily Crypto News, April, 25th

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

🗞 Bitcoin to the Rescue as Ron Paul Says US Fed ‘Fake Economy Has Burst’

🗞 Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank

🗞 Public Opinion Shifts on Big Tech and Privacy During Pandemic

🗞 Total Crypto Derivatives Volume in Q1 2020 Spikes 314% from Q4 2019’s Average

🗞 Another Prominent Investor Says Bitcoin Could Hit the USD 1m Mark

🗞 Daily Crypto News, April, 25th💰

Bitcoin Trading Update by my friend @cryptopassion

You don't want to miss a Crypto news?

Follow me on Twitter or Facebook

Use Brave browser, one that respects your privacy and pays you !

Come try out a great blockchain game: Splinterlands