The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Binance Reveals Sudden Surge in Bitcoin (BTC) and Crypto Trading – Plus Ripple and XRP, Litecoin, Ethereum, Stellar

by Daily Hodl Staff
June 1, 2019
in Bitcoin

From a rising interest in Bitcoin and crypto to a release date for an XRP-based banking app, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

According to a new report from Binance, the leading crypto exchange saw a sudden spike in Bitcoin from both institutions and retail traders in May. The report points to a surge in trades on the company’s over-the-counter (OTC) trading platform and from new retail traders as key examples.

“Compared to March and April, which were relatively quiet in altcoin space, May was a much more active month in terms of OTC trading. The initial move higher in BTC was likely fueled by Blockchain week in NY (Consensus, Magical Crypto Conference and other events) and led to a lot of renewed interest in buyers of BTCUSD…

We have [also] definitely seen more interest from the non-crypto public this month, and hope that the market ‘behaves’ such that the interest continues to build.”

The report also highlights that big-time traders forking over a premium to buy shares of Grayscale Bitcoin Trust are a leading example of the lengths institutions will now go to in order to invest in the space.

“Institutional investors, currently representing (in our conservative assumptions) less than 10% of all long-term investors, are growing their exposure to digital assets and cryptocurrencies, as illustrated by a premium of nearly 40% for Grayscale Bitcoin Trust (GBTC) over BTC spot price at the end of May.”

The detailed report also looks at JP Morgan’s new crypto asset, Facebook’s reported stablecoin, the implications of Monero’s latest fork, and more. You can check it out here.

Ethereum

The latest edition of EthHub Weekly is out, covering all things Ethereum.

This week’s post looks at new developments on Grayscale Ethereum Trust, Loopring, Etherum 2.0 and more.

Ripple and XRP

The founder of XRPL Labs says the company is aiming to release a beta version of its new XRP-centered banking app this year. The app, called Xign, is designed to let users hold and spend various currencies like the dollar and euro, in addition to XRP.

We'll release it when it's ready. We rather spend a few more months and get it right. But we're definitely looking at a beta release this year.

— Wietse Wind { ???????: ???? } (@WietseWind) May 31, 2019

Litecoin

Litecoin hodlers are passing around a tweet from LTC developer Loshan, teasing “good news” on the Lightning Network (LN).

Good news regarding Litecoin & Lightning Network soon! Follow the @LTCFoundation for the latest updates.

— Loshan (@loshan1212) May 27, 2019

The pre-announcement announcement follows a similar tease from crypto exchange OKEx, which dropped a tweet featuring the Litecoin logo and lightning bolt last week.

It's about time to light up the market.@litecoin @SatoshiLite pic.twitter.com/vpC8fLCPQ2

— OKEx (@OKEx) May 22, 2019

Stellar

The team at the Stellar Development Foundation has released an in-depth look at the platform’s upcoming Protocol 11 upgrade.

The update is designed to improve network capacity and change the way fees are structured.

“You now choose the maximum fee you’re willing to pay, but you’re actually charged the lowest possible fee. If network activity is light, you’ll pay the absolute minimum. If it’s heavy, you’ll pay up to the amount you specify, but no more. As a result, you can choose the highest fee you’re comfortable with, safe in the knowledge that you’ll only pay that fee if required by circumstance.”

On Monday, June 10th at 16:00 UTC, validators will vote to upgrade the Stellar Network to Protocol 11!

We wrote a walk-through of the upcoming protocol improvements and what they mean for developers, users, and businesses building on #Stellar:https://t.co/rvgu6RMfdt pic.twitter.com/0zoCwPpw7d

— Stellar (@StellarOrg) May 30, 2019

Tron

Tron’s latest report on the platform’s decentralized app (DApp) ecosystem is out.

According to the new edition, 55 new DApps have debuted on the network in the last week, with the total number of DApps on the network now standing at 447.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,268.57
$28,268.57
1.59%
Ethereum
$1,806.55
$1,806.55
2.37%
Cardano
$0.365155
$0.365155
2.91%
XRP
$0.431935
$0.431935
3.14%
Dogecoin
$0.076005
$0.076005
1.3%

Spotlight

  • Legendary Trader Peter Brandt Says Bitcoin (BTC) Likely Targeting New All-Time High – Here’s His Timeline
    March 22, 2023
  • Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap
    March 22, 2023
  • BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome
    March 22, 2023
  • Bitcoin Breakout in Sight As BTC Flashes 2019-Style Accumulation, According to Top Analyst – But There’s a Catch
    March 22, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl