Home Altcoin Top Crypto News: 04/16 – Cryptocurrency News

Top Crypto News: 04/16 – Cryptocurrency News

6 min read

Top Crypto News: 04/16

After making a day by day low of $60,426, Bitcoin is now buying and selling at $61,431. In the meantime, meme-based Dogecoin exploded over 475% within the final seven days and, after making an all-time excessive, is now buying and selling at $0.3541. In addition to this, blockchain-based, decentralized video streaming community THETA additionally hit a brand new all-time excessive and is buying and selling at $14.04.

Let’s discover out some fascinating crypto information for immediately.

Chainlink Unveils Launch of Chainlink 2.0 to Boost Hybrid Smart Contracts

Chainlink introduced the launch of Chainlink 2.0 to spice up hybrid sensible contracts. As per the official tweet, this model would improve the growing hybrid sensible contracts. With this upgraded model, the staff has launched the Decentralized Oracle Networks (DONs). Furthermore, these are a number of interoperating Chainlink DONs that are tied with present blockchains. This might assist to strengthen the accuracy of oracle reviews and to quiet down off-chain oracle disputes. In addition to this, DONs would help sensible contracts to entry any off-chain useful resource and off-chain computing setting. Additional, these hybrid sensible contracts empower decentralized functions to execute main upgrades seamlessly. Therefore, these DONs present a totally safe and versatile answer for the creation of hybrid sensible contracts.

Dogecoin Soars 200% in 24 Hours and Becomes 5th Largest Cryptocurrency by Market Cap

On the time of publication, Dogecoin was buying and selling near $0.348836, which is roughly over 500% within the final 14 days. Earlier than that, it surged from $0.0619 to a whopping excessive of $0.4154 inside the final seven days. Furthermore, this explosion is after a tweet from Tesla CEO Elon Musk, which fueled its market cap to over $49 billion. As well as, this worth surge boosted Dogecoin to hit a historic milestone and to turn out to be the fifth-largest cryptocurrency by market capitalization. To seize this place, the meme coin surpassed among the different high crypto belongings, resembling Uniswap, Cardano, Polkadot, Chainlink, and Litecoin.

Binance Largest Coin Burn Destroys $595 Million Worth of BNB Tokens

Binance introduced the burning of BNB tokens price over half a billion {dollars}. As per the tweet, this was the fifteenth token burn thus far, with a document $595 million price of BNB tokens getting destroyed. This has skyrocketed its worth by over 1,500% because the begin of this yr. Furthermore, it has surged from $37.39 to a excessive of $610 since January. Notably, this token burn is the biggest BNB burn ever, which fueled its market cap to over $79 billion, and it turned the third-largest crypto asset by market capitalization. On the time of press, BNB was buying and selling near $513, and this latest uptick is because of latest developments within the Binance Sensible Chain (BSC) initiatives.

PAID Network | Knit Finance Partnership to Explore Cross-Chain Interoperability

Within the final little bit of crypto news for immediately, we now have PAID Network partnering with Knit Finance to reinforce cross-chain interoperability. Knit Finance strives to bridge a number of non-Ethereum chains with ERC-20 with its next-generation DeFi protocol. Customers can even generate wrapped tokens in a 1:1 ratio by leveraging Knit Finance. With this partnership, PAID tokens could be wrapped as Okay-PAID to help its transactions throughout a number of impartial blockchains. As well as, Knit Finance would make the most of PAID’s SMART Agreements to enhance its enterprise agreements effectivity.

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