Hey, Your Crypto Newsletter for April 19, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...](   [Dogecoin frenzy overloads Robinhood crypto order system](  The frenzy around digital tokens is taking its zaniest turn yet in the price of a token created as a joke, buckling the crypto trading system at Robinhood Markets. Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied more than 110% Friday before dropping by 26% on Saturday, according to CoinMarketCap.com. It now has a market value of more than $36 billion and is still up 13,400% from a year ago, when it traded for $0.002 and was worth about $250 million. Demand was so brisk for the token that investors trying to trade it on Robinhood crashed the site, the online exchange said in a blog post Friday. Some $68 billion worth of Dogecoin changed hands in the prior 24 hours as of 4:45 p.m. Friday in New York, the most since June, CoinMarketCap.com data showed. Doge’s surge is part of a rise in altcoins, a term for all the digital tokens that have sprung up in imitation of Bitcoin. Like most of them, its use case is limited, making it a tool for speculators and raising concern that a bubble is inflating in a crypto world now worth more than $2.25 trillion. “This reminds me of the dot com days. We knew something big was going on, a lot of investors were chasing it hard. That led to a bubble,” Scott Knapp, chief market strategist at CUNA Mutual Group, said. “For every Amazon.com there were 10 pets.com that went bankrupt. Is Dogecoin the pets.com of the cryptocurrency era?”  [Read More](   [Pakistan aims for digital currency](  Virtual currency will expand banking network, help govt fight money laundering In line with global trends, Pakistan has embarked on studies to pave the way for introducing its own digital currency like the famous bitcoin cryptocurrency in a bid to expand banking facilities to the financially excluded, make easier the fight against money laundering and terror financing. Besides, the virtual currency will assist the leadership in combating corruption – a key target of the current Pakistan Tehreek-e-Insaf (PTI) government. The PTI came to power in August 2018 on the slogan of eradicating corruption from the country. “We are studying it (introduction of a digital currency by the central bank) very carefully,” State Bank of Pakistan (SBP) Governor Reza Baqir said in a recent interview to the international media outlet CNN. “The benefit of that is twofold; not only that will give another boost to our efforts for financial inclusion, but also because it’s a central bank-issued digital currency, it will allow us to make further progress in our fight against money laundering and terrorism financing,” he said.  [Read More](   [This Network Bids on Blockchain Technology To Bank the Unbanked](  DeFi—a four-lettered abbreviated moniker given to a burgeoning industry called decentralized finance—has been touted as an industry that will supposedly right a great imbalance of sorts. According to a World Bank report published in 2017, around two billion adults around the world do not have a bank account or access to financial institutions. Despite efforts, this imbalance in access to global finances continues due to either natural, geopolitical or man-made causes which, of late, have only added to this problem. The bane of the problem, in many ways, seems to point to oligarchical financial systems that have restricted some and placed high entry barriers and institutionalized greater control over people and their money. DeFI, financial applications that run on blockchain networks, aims to remove this high-ended gatekeeping and open up the financial sector not only to those who are currently unbanked, but also to those who are currently tied to the custodial and centralized financial systems. It is this crowd of people that have curtailed access to finances, who will benefit greatly from the DeFi movement and drive worldwide adoption. There are some hurdles, as explained below, and EasyFi Network has envisioned to solve most of them via a unique permission-less money market protocol for digital assets that has been completely built upon permission-less or open blockchain networks.  [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on social media [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](