Five big things are happening in crypto today: Ethereum, Bitcoin, Binance, altcoins, etc. Let’s jump in quickly to start the first news item on our list.
Coinhub to install 1000 Bitcoin ATMs at gas stations amid crypto banking cutoff.
For perspective, over 33,000 cryptos ATMs are operating globally today, and while banks are failing, we just got 1000 more. Coinhub, a Bitcoin ATM operator, is attempting to address the issue of crypto de-banking by collaborating with over 1000 gas stations and business owners to install additional crypto ATMs. But why are they choosing gas stations?
By partnering with gas stations and store owners, Coinhub can deploy ATMs in high-traffic areas, allowing consumers a convenient method to acquire Bitcoin with cash while avoiding the headaches associated with utilizing their bank accounts or credit cards. So you may buy a cryptocurrency and live off the grid.
For those who desire greater anonymity, the option to deposit cash and instantly and securely get Bitcoin or one of 25 other cryptocurrencies is a great alternative to signing up for an account on an exchange like Coinbase.
And we see decentralized protocols thrive today. Uniswap protocol volume was higher than Coinbase’s for two months. For two months, decentralized exchange Uniswap outperformed Coinbase’s trading volume, reaching $71.6 billion in March, 45% greater than Coinbase volume. Since January 2022, Uniswap has enjoyed its best month. When you check trading activity over the last 12 months, Uniswap trade volume indicates that the dexes dominate.
Coinbase realizes they better get some exposure to Defi or risk being left behind. This brings us to our next piece of a news item.
Coinbase Ventures Joins Liquid Staking Protocol Rocket Pool’s Oracle DAO
This is a big win for those who hold RPL, Rocket Pool’s Token. The investment branch of the largest centralized exchange by trading volume joined Rocket Pool’s Oracle DAO, a group of permissions special node operators performing extra protocol duties.
So how does this affect you? This is a massive win for Ethereum because Rocket Pool assists in Ethereum staking on the main chain, and as such, Coinbase ventures will now receive a share of the 15% of the total RPL inflation produced at each reward.
And as Coinbase works to support Ethereum staking, Polkadot is making moves of its own.
Polkadot Registers Trademark For Blockchain Communication Platform
Polkadot has filed a trademark for a blockchain-based messaging app like a signal, WhatsApp, or a communication tool. The phrase “Polkadot Converse” has been trademarked, with additional information on the app in the goods and services section of the filing. So precisely what does this trademark cover? The trademark covers software for social networking, creating software, sending and receiving electronic messages, and graphics, images and audio content.
Like decentralized social media, like decentralized WhatsApp and remember, despite several attempts from the likes of Steemit, Tethers and Keet, and most recently Nostir, social media has never really hit it off within the Web 3 industry. Would you use a Polkadot-based social media/messaging service? Comment down below.
And before we get to Binance fud, if you’re wondering why Gala games are trending, here is the news:
Huobi and Gala Games to Compensate $50 Million for the Victims of pGala Scheme
The companies will compensate the scheme’s victims while battling for millions of dollars in damages from the cross-chain bridge that covered the token production scheme. This statement comes just five months after a lousy actor produced $1 billion worth of pGala, a wrapped version of Gala that trades on the BNB chain and offloads the tokens on decentralized exchanges like Pancakeswap, causing the price of GALA to plummet 94%.
And here’s what was crazy at the time. P network, the Gala games cross-chain interoperability bridge set at the time it coordinated a Whitehead attack on itself to prevent bad actors from getting away with users’ money. So they claimed the hack was innocent. It was a white hat hack against themselves. Yet, users who lost money in gala games filed a lawsuit seeking $27.7 million in damages and compensation for P network. They didn’t want the users, the victims of this incident, to wait for such. Gala games and Huobi is compensating them in tokens and nodes.
An update on this Binance news
“Interpol red notice four CZ,” wrote Twitter user Cobie in an encrypted message. Cobie is a well-known Twitter account with a large following, which explains the flurry of activity surrounding this post, and this message was now sent as a series of letters and numbers encrypted with the SHA 256 hash function.
Some accuse Cobie of fake news, but others claim Cobie was also strict. I only needed five minutes of searching to realize that the Cobie image had been tainted and that the fud against Binance was planned on purpose. It has nothing to do with Cobie. They’re after your Bitcoin. Please wait until we reach $1 million in price before panic selling it to them. So always double-check, and follow sources that put up a piece of information.
Now, why is Ethereum it going up?
Ethereum jumps with the highest price ahead of the highly anticipated network upgrade, the Shanghai upgrade. But maybe even a more significant piece of news for a new satellite orbiting Earth participates in the Ethereum KZG serum.
So what is this Ethereum KZG ceremony which aims to provide a cryptographic foundation for the arts and has already had over 83,000 contributions from users worldwide?
Space Crypto Cat is currently supporting the Ethereum network. A blockchain-powered satellite orbiting Earth announced its contribution on April 4th. According to the announcement, the Ethereum network is much more robust. The satellite orbits Earth every 90 minutes, following a remote course 550 kilometres of the ground, making it difficult for outside actors to gain access.
Solana news
Another project is migrating from Solana onto Ethereum. Remember pegs, they’re back in Ethereum NFT from the 1990s milk caps game is launching this week and will be Solana community with a short pause first entered web three about a year ago, first embarking on this.
Still, this week folks will jump over to Ethereum with a new NFT mint that corresponds with the debut of an online version of the game. In a direct quote from the founder, he says now that we’re going to Ethereum, it does feel like we’re stepping up into the Major League, creating volume and liquidity compared to these spaces.
