🗞 Daily Crypto News, April, 22nd💰

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

🗞 Market Wrap: Bitcoin in Neutral at $55.5K as Ether Continues Bull Run

Bitcoin’s 24-hour range: $54,565-$57,043 (CoinDesk 20)

BTC close to the 10-hour and 50-hour moving average on the hourly chart, a sideways signal for market technicians.

Nevertheless, BTC has mostly stayed above $55,000 for almost a month. According to CoinDesk 20 historical data, the last time bitcoin closed below that level was back on March 26.

Since the start of April, bitcoin’s dominance, a measure of the asset against the broader crypto market as calculated by charting firm TradingView, has plummeted. It’s down almost 10% since April 1, and bitcoin is currently at 51% dominance as of press time, roughly half the market. At the beginning of 2021, that figure was over 70%.

“Procter & Gamble is raising prices and the [Federal Reserve] isn’t raising interest rates. Signs of inflation are mounting throughout the economy,” added Russell. ”Inflation and scarcity value could emerge as newer drivers for the crypto space, especially with a Fed meeting next week.”

Ether bullish over bitcoin

While bitcoin’s price has been mostly stagnant this week, ether is popping. A good measure for comparing the world’s oldest cryptocurrency to ether is by viewing charts on the ETH/BTC pair, available on most major cryptocurrency exchanges.

When the pair on the charts goes bullish, it means traders are selling bitcoin for ether, the case right now.

🗞 Ampleforth Is Giving Governance Tokens to Every Wallet That Ever Held AMPL

Rebasing cryptocurrency protocol Ampleforth is launching a governance token that all past and present users of its price-elastic AMPL token are able to claim.

Project leads told CoinDesk any wallet that has ever “touched” AMPL – 75,743 wallets at press time – will be eligible to collect its portion of the new FORTH tokens through the next year. Active participants in the protocol should expect a higher share, they said.

The FORTH airdrop is set to be Ampleforth’s first step in decentralizing the decision-making process that keeps its uncollateralized token, which has a market cap of around $460 million, more or less orbiting $1. Coinbase Pro listed FORTH Wednesday, shortly after the token’s reveal.

Ethereum-based Ampleforth bills itself as a building block for decentralized finance (DeFi) projects that want to do business in a stablecoin-esque crypto. Think of a token with the “censorship resistant” attributes of bitcoin (minus the volatility) and the relative stability of a tether (minus the dollar reserve), explained Ampleforth CEO Evan Kuo.

🗞 Maker Price Passes $4K for First Time, as MakerDAO Brings Real Estate to DeFi

Maker made history in 2017 as the first blockchain-based protocol to launch a major automated cryptocurrency-lending platform, helping to initiate a boom in what’s known as decentralized finance, or DeFi.

Now Maker is paving the way for what might become another source of growth in the now-$60 billion DeFi industry: lending against trillions of dollars of “real-world” assets like residential properties, in competition with banks and other financiers. In this case, “real world” refers to collateral other than cryptocurrencies. Even the giant U.S. bank Citigroup is writing about Maker.

“This is DeFi taking on traditional finance,” Sébastien Derivaux, a community member of MakerDAO, told CoinDesk in an email. Initially, the project will finance loans to renovate houses in the U.S., he said.

Maker, known for its stablecoin dai, is the biggest DeFi protocol, with $9.5 billion of system collateral, according to the website DeFi Pulse.

Notably, Citigroup wrote about the report last week, calling referring to MakerDAO as “the decentral bank.” An instant rally ensued in Maker’s price.

🗞 Billion-Dollar Rug Pull? Turkish Bitcoin Exchange Goes Dark

A Turkish crypto exchange halted trading overnight.

One estimate put the locked-up funds at between $2-10 billion.

Turkish cryptocurrency exchange Thodex abruptly halted trading this morning without prior notice, locking up the funds of its 391,000 active traders.

The exchange, which has operated since 2017, today shared a statement on Twitter, citing an unspecified outside investment that required the suspension of trading for 4-5 days.

But this “may well be a scam,” Oğuz Evren Kılıç, a lawyer in the Turkish capital Ankara who today filed a legal complaint against the exchange, told Decrypt.

🗞 Daily Crypto Calendar, April, 22nd💰

Stafi (FIS)

"First staking derivative of @kusamanetwork, rKSM will be live this Thur 10AM UTC, 22 APR."

Shiba Inu (SHIB)

"BitMart will list Shiba Inu (SHIB) on our digital assets platform on April 22, 2021."
"VirgoX will list SHIB , open trading for SHIB/USDT trading pair at 14:00, April 22, 2021 (UTC)."

Firo (FIRO)

"New Mandatory software update Firo v0.14.6.0, Please update before the hard fork scheduled at block 365544, April 22, 2021, 2:00 PM UTC"

Horizen (ZEN)

ZEN 2.0.22 deprecation will happen on block #920000 (April 22nd).

Hedera Hashgraph (HBAR)

"Scheduled (Apr 22, 2021, 18:00 UTC): Hedera will be upgrading the Testnet to v0.13.0 (release notes: hedera.io/release-notes) on..."

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