CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, PARSIQ News
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Why Bitcoin is poised for a powerful bullish breakout above $60,000
Bitcoin price is consolidating gains above the $58,000 resistance level against the U.S. dollar.
Bitcoin failed to settle above the $59,500 resistance level and recently began a downward correction. BTC broke through the $59,000 level and even traded below support at $58,500.
PARSIQ announces new lending and borrowing protocol.
PARSIQ launched its revolutionary IQ protocol on a test network
PARSIQ has launched its revolutionary IQ protocol on the test network, a decentralized financial solution for the SaaS market. The IQ Protocol is the world’s first risk-free and collateral-free DeFi protocol for tokenizing SaaS subscriptions in the DeFi space with a circular economy. The IQ Protocol includes several standard DeFi services, including stacking, lending, and borrowing.
The IQ Protocol breaks new ground for DeFi solutions in the core environment. Not only is the protocol’s network maintenance completely unreliable, but the protocol itself is open source. In addition, the PARSIQ team is considering running the core network on several other networks, including Binance Smart Chain and Solana, with which PARSIQ is already integrated. IQ Protocol is also taking an innovative approach to the use of tokens through the introduction of Power Tokens.
Power tokens are housed in “Power Enterprise,” a series of smart contracts that combine several features of the IQ Protocol, including management, funding and the ability to mint new Power tokens.
PARSIQ announces new protocol
Ethereum revisits $2K, why the bulls aren’t done yet
Ethereum gained bullish momentum and broke $1,950 resistance against the US dollar.
Ethereum remained well above the $1,850 level and, unlike bitcoin, traded to a new weekly high. ETH broke through many important barriers near the $1,920 and $1,950 resistance levels.
Polychain leads DeFi lending protocol Greenwood’s $2 million seed round
Decentralized financial lending protocol Greenwood has raised $2 million in a seed round led by Polychain Capital.
The firm announced in a post that other investors involved include Blockchain Capital, Robot Ventures and Divergence Ventures.
Greenwood also received individual contributions from Ricky Lee, co-founder of crypto trading firm Altonomy and DeFi Aave Credit Protocol founder and CEO Stani Kulechov.
South Korea to implement COVID-19 blockchain “Vaccine Passports.”
The South Korean government is seeking to issue COVID-19 “vaccine passports” with a blockchain to vaccinated citizens.
Starting this month, the South Korean administration plans to release a digital certification system based on blockchain technology to verify a person’s coronavirus vaccination status through a smartphone app.
“The introduction of the Vaccine Passport or Green Pass will allow only those who have been vaccinated to experience recovery in everyday life.”
Bitcoin’s mining difficulty adjusts to record high as new miners come online
Bitcoin’s mining difficulty showed a moderately large increase.
Data shows that the network’s mining difficulty adjusted to 23.14 trillion at 2:00 a.m. UTC on April 2, a 5.82% jump from its March 20 record. The latest adjustment is the largest percentage adjustment since Jan. 9, signaling that more bitcoin mining equipment has recently hit the market and has subsequently been plugged in.
Coinbase expects a direct listing on April 14.
The San Francisco-based company could become the first public crypto exchange in the U.S.
U.S.-based crypto exchange Coinbase said it expects to go public with a direct listing in two weeks.
According to Coinbase’s blog, the U.S. Securities and Exchange Commission, or SEC, announced that the S-1 cryptocurrency exchange registration for a public offering has gone into effect. Coinbase’s Class A common stock is expected to trade on the Nasdaq Global Select
Court allows IRS to request customer records from crypto firm Circle
The Internal Revenue Service is requesting customer records from crypto firm Circle to see if U.S. residents are meeting their tax obligations.
According to an April 1 statement from the Justice Department, the IRS plans to serve a summons on John Doe at Circle and its affiliates. The statement explicitly mentions Poloniex, which Circle acquired in 2018 and deployed the following year .
Morgan Stanley has approved Bitcoin investments for a dozen new funds.
The multinational investment bank expects to add Bitcoin exposure to its funds through futures.
“Certain funds may be exposed to Bitcoin indirectly through cash-settled futures or indirectly through investments in Grayscale Bitcoin Trust, a private investment vehicle that invests in Bitcoin,” the documentation said.