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Canadian Mayor Says Bitcoin Is Much Cheaper Than Credit Cards

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Canadian Mayor

Canadian Mayor Lynn Dollin of Innisfil stated that bitcoin as a tool for paying property taxes cuts down on costs much better than Credit cards do. In our coming altcoin news today, we read more about her statement.

Lynn Dollin pointed out:

 “The advantage of doing it as opposed to [using] a credit card is the transaction costs are so much cheaper.’’

Innisfil is among the first towns in Canada to allow citizens to use bitcoin in order to pay their taxes. The Canadian Mayor believes that the one-year pilot program turned out to be a great success by using the Coinberry Pay crypto-based company.

The official program will be launched later this week. Lynn Dollin embraces the project with arms wide open because she wants to welcome entrepreneurs to her town of about 36,000 people and to make the town a crypto hub in the near future.

The Canadian Mayor also stated:

 “It could attract us some opportunities as far as economic development within our community.”

Lynn Dollin explained she understands Bitcoin was a controversial topic in the past after being involved in many scandals. She also understands its unregulated nature but she feels she’s been cautious. Lynn also pointed out that the town administration is not afraid of trying new things but they will remain careful in the future since the taxpayer’s money is in the game:

“We have to be careful. We’re responsible for taxpayers’ dollars. So certainly, we don’t want to bring any risk to the taxpayers.”

The Canadian Mayor is focused on bringing Innisfil to the group of small towns around the world that are among the most bitcoin-friendly towns.

As previously reported in our latest cryptocurrency news, the Governor of Colorado Jared Polis signed the Digital token act back in March. The new token act will take effect in August. Colorado also aims to become the perfect tech hub by making it easy for entrepreneurs to open blockchain based businesses.

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Altcoin News

CoinMarketCap Crypto App Is Live, Offering A Lot Of Added Features

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CoinMarketCap
The cryptocurrency data provider and generator CoinMarketCap is in the latest cryptocurrency news for launching its first CoinMarketCap crypto app in Android and iOS versions. The leading crypto data provider has decided to make a leap forward and arrive to the mobile marketplace, providing insightful data about all cryptocurrencies in an easy way. Notable, the new apps for iOS and Android offer features that are not yet available on the CoinMarketCap website and ones that are quite advanced. For instance, the coming altcoin news show that the CoinMarketCap crypto app now lets you track Bitcoin and altcoins, see candlestick charts as well as side-by-side cryptocurrency comparisons as well as price alerts and user accounts. Officially announced on Tuesday, the news about the app went live on many best cryptocurrency news sites. As the head of marketing at CoinMarketCap named Carylyne Chan stated:
“We believe that our users will like the new style and the features we’ve added to these apps, and we’ll continue to update the app regularly based on the feedback we receive.”
The new CoinMarketCap crypto app will prompt users to sign up for an account on the app in order to save their portfolios and/or watchlists. The company also said that it plans to allow app accounts to be directly synced with the website at some point in the future. Meanwhile, the app also features a section for crypto "gainers" and "losers" as well as industry news. All of the data, as the firm unveiled, is made available through the API product which the firm uses - and was launched last August. Aside from the CoinMarketCap crypto app, the company made the cryptocurrency news section lately for launching two benchmark indices that cover the top 200 cryptocurrencies by market capitalization. One of them was with Bitcoin (BTC) in it and the other without - shared on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart, as well as on its own platform. The app is already launched for iOS (since May 2018) but is getting a revamp now, along with the Android CoinMarketCap crypto app. All of the work is developed from the blockchain analytics startup Flipside.
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Bitcoin News

BTC To $10k: Major Market Expert Says Crypto Winter Is Over

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btc to $10k
Right now, the altcoin news show that along with Bitcoin, most of the cryptocurrency market is stabilizing. There is no doubt that a new decrease could be on its way. However, the bigger picture shows that a new uplift is definitely possible - and that BTC to $10k is definitely a reality. In times when analysts are not sure where is Bitcoin headed to (after having predicted $2,000 lows), everything seems like an icy ground to step on. However, many experts are sure that the crypto winter is over and the current price predictions indicate that BTC to $10k may be a something that we will see this year. In the latest cryptocurrency news, we have the CEO of the stocks and investment website ADVFN, Clem Chambers, who claims that the crypto winter is over and that Bitcoin could hit $6,000 soon before going even higher. For Chambers, BTC to $10k is definitely a possibility, mainly because of the greater interest coming from China due to a possible Yuan dollar depreciation. As he said:
“Money flowing into stablecoins is going to lift bitcoin because fundamentally money flowing into crypto is what sustains and raises prices.”
Chambers also explained that crypto assets need an inflow of new money to maintain the increasing supply as new blocks are mined. When it comes to his BTC to $10k prediction, he asserted that supply and demand is what creates the price and said that for “new supply to be matched at current levels, more than $3.3 billion dollars has to flow into bitcoin to make it go up.” Many best cryptocurrency news sites recently went with headlines stating that "Bitcoin is the new gold" and comparing BTC to the gold market which is with an estimated $5 billion in market capitalization. Even though the crypto market is far from that valuation, BTC is definitely eating into the interest of gold. As Chambers noted, if Bitcoin takes a fraction of the gold market, BTC to $10k could be real and could surpass all previous all time highs.
“Bitcoin winter is over, the price is going up, the only question is how high. For now $6,000 is an easy target and $10,000 a coin this year is not such a hard target. I’m still accumulating,” the market maven concluded.
 
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Altcoin News

eToro Blockchain Division Launches A Crypto Exchange, Issuing 8 Stablecoins

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etoro blockchain division
The blockchain division of the global social trading platform eToro is in the latest cryptocurrency news for launching a cryptocurrency exchange for pro traders. According to an official press release on April 16, eToro is taking a big leap forward in the crypto market. Named eToroX, the new exchange launched by the eToro blockchain division claims to be a secure and regulated trading venue. Currently, there are 37 trading pairs and pro traders can convert six cryptocurrencies to fiat - including US dollars, Euros and Swiss francs. Leading the coming altcoin news section, eToro also decided to allow users to trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dash (DASH), Bitcoin Cash (BCH) and Litecoin (LTC). As the managing director of eToroX named Doron Rosenblum stated, more pairs will be launched in the coming months. https://twitter.com/eTorox/status/1118130082399379456 More importantly, the eToro blockchain division eToroX has launched eight stablecoins that are backed by the New Zealand dollar (NZDX), Japanese yen (JPYX), Swiss franc (CHFX), United States dollar (USDEX), euro (EURX), UK pound sterling (GBPX), Australian dollar (AUDX), and Canadian dollar (CADX). All of them will be issued and controlled by eToroX. The CEO of eToro, Yoni Assia, also said that the platform is ready to bring the crypto world to a larger pool of investors, stating:
“We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually 'eat' traditional financial services through tokenization.”
The eToro blockchain division will be led by professionals. According to Assia, the financial services will be transferred to blockchain since the tech brings a new paradigm for asset ownership. He believes that right now, traditional asset classes need to be explored and act as a property that needs to be tokenized. From an altcoin news perspective, it is also important to mention that in March this year, eToro officially launched the platform and crypto asset wallet - when it also announced that it has acquired the smart contracts development company Firmo so that it can explore and add more tokenized assets. A lot of best cryptocurrency news sites have reported the new eToro blockchain division, noting that it is definitely something that the market needed right now.
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Altcoin News

Did Binance Cause A $6 Million Dump On The Market?

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Binance Coin
Following the coming altcoin news which saw Binance delisting Bitcoin SV (BSV) from the exchange, we are also seeing a lot of red in the latest cryptocurrency news. In fact, the total cryptocurrency market cap has now lost more than $6 billion and the sinking is apparently not coming to an end. The Binance BSV debacle has sent the market in a tailspin as $6 billion left the space a few hours after the official announcement. Currently, the volumes and total capitalization are thinning as the market approaches $170 billion - and no major decline has ensued. First on the list is Bitcoin (BTC) which managed to go as low as $5,025 on the day but now retraced to $5,095 following the Binance announcement of its smaller sibling. However, there is still a lot of resistance looming above this level. Ethereum (ETH) is the main spotlight in the altcoin news as it plunged almost 4% and fell back to $160. The markets have been generally bearish over the past 24 hours but ETH took a harder hit this time. Ripple (XRP) which has moved very little in recent days, has receded 2.5% overnight and fell back to $0.32. Right now, the top ten is all in the red. As featured on many best cryptocurrency news sites, the Asian trading session has managed to mop up some of the losses caused by the Binance BSV debacle - but insufficient enough for them to be completely erased. The only gainer is Bitcoin Cash (BCH) - and an altcoin that added 5% on the day to reach $313 after an initial surge of 25% to surpass $330 as it continues to benefit from BSV's misfortune. All of the other altcoins, however, have been dumping and both Litecoin and Stellar managed to drop in the 4% to 5% region, while EOS and Cardano went with losses over 3%. Bitcoin SV's epic dump triggered by Binance has also made its the biggest loser on the day as it shredded 21% so far and is apparently still decreasing. This led to a shortage of $6 billion across the entire market.
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