CryptoSlate Recap | Fidelity launching bitcoin trading “within a few weeks” | CoinMarketCap removes Bitfinex from exchange calculations | Bitcoin active nodes outnumber XRP active addresses

Welcome to CryptoSlate Recap, our daily, free newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web.


Fidelity launching bitcoin trading “within a few weeks”

Fidelity launching bitcoin trading “within a few weeks”

Fidelity Investments, the fifth-largest asset manager with $2.5 trillion in assets under management, will offer bitcoin trading for institutional clients “within a few weeks,” according to Bloomberg. In early March, the division announced that their trading services are live with select clients.

2 min read →


Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout

Maker’s Dai approaches $1 peg following aggressive interest rate hikes and Tether fallout

Interest rates for MakerDAO have exploded to 19.5 percent over the course of three months to combat its stablecoin Dai from trading below its $1 peg. However, the gap has narrowed over the last three weeks, partially from factors entirely outside of Maker.

2 min read →


CoinMarketCap removes Bitfinex from exchange calculations

CoinMarketCap removes Bitfinex from exchange calculations

After a week of drama surrounding iFinex Inc., which operates Bitfinex and owns Tether Ltd., CoinMarketCap has decided to remove Bitfinex’s price data from its calculations. Bitfinex data excluded from CoinMarketCap A report by TIE on Mar. 20, 2019, exposed that almost 60 percent of the top 100 cryptocurrency exchanges were reporting fake volumes.

2 min read →


Bitcoin active nodes outnumber XRP active addresses

Bitcoin active nodes outnumber XRP active addresses

Bitcoin has more full nodes than XRP has active addresses, observed one crypto commentator. The conversation is part of a larger debate around centralization and other fundamental differences between BTC and XRP which make them difficult to compare.

2 min read →


Margin trading for BTC, BNB, ETH, TRON and XRP could soon come to Binance

Margin trading for BTC, BNB, ETH, TRON and XRP could soon come to Binance

A Reddit user may have found some margin trading features on Binance API that could be pointing out that the exchange will soon allow margin trading on the platform. Margin Trading on Binance Binance, the world’s largest cryptocurrency exchange by trading volume, could soon enable margin on the platform.

2 min read →


Ethereum co-founder predicted the bottom for bitcoin, the future looks bright for crypto

Ethereum co-founder predicted the bottom for bitcoin, the future looks bright for crypto

Joseph Lubin, the co-founder of Ethereum and one of the crypto titans, accurately called the bottom of the 2018 bear market.

3 min read →


Coinbase’s Balaji Srinivasan leaves after one year as CTO

Coinbase’s Balaji Srinivasan leaves after one year as CTO

Balaji Srinivasan appears to be leaving Coinbase after serving one year as chief technology officer. In a tweet on May 3rd, Balaji Srinivasan announced he “taking a bit of time off” from his role as CTO at Coinbase.

2 min read →


ICYMI

🍿PR: GoBlock USA Announces the Beta Launch of PickFlix on the Ethereum Blockchain

🚀 Bitcoin marketcap rockets past $100 billion: will $6,400 confirm bull market?

📈 Fidelity: Institutional investment in cryptocurrency likely to grow

🇪🇹 Cardano enters Ethiopia with enterprise blockchain framework Atala


What else?

Nic Carter observes that low fee tradeoffs are not working for Bitcoin Cash.


Craig Wright has been ordered to produce a list of his owned Bitcoin addresses.


Bitcoin’s price has recovered 56 percent in the past four months.


Featured blockchain companies

Thanks to the following companies for their support:

🚀 OpenCrowd - a design and technology firm creating custom blockchain business solutions for global clients and early startups

⚡️ Blockstation - a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges.

Want to be featured here? Contact us to learn more.


Crypto market data

For more pertinent market data, please see:

🌚 Cryptocurrency Rankings

📈 Biggest Gainers - 24h

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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.