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Top Trending YouTube Crypto News this week- 02

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We bring you the most trending videos on cryptocurrency this week. Check out the last week videos if you missed.

1. The Bitcoin Chart I’ve Obsessed with For Months
by by Alessio Rastani

2. BITCOINs Big Event in 2020! (Hint: It’s Not the Halving!)
by Chico Crypto

3. *Real Talk*: Is Bitcoin A Giant Pyramid? Plus Laughing at: BCash Tax & Ripple’s IPO
by Crypto Daily

4. Bitcoin Is Over $9000! This Might Be THE FIRST Bitcoin Supercyle.
by Altcoin Daily

5. BITCOIN HALVING IS ABOUT TO SHAKE THE CRYPTO MARKET (btc crypto live price analysis news today 2020
by Crypto Crew University

6. Time to Buy Bitcoin – RIGHT NOW?
by Crypto Daily

7. He Made a TINY Mistake! ???? [UPCOMING RECESSION BITCOIN BLUNDER]
by Altcoin Daily

8. BITCOIN FALLING RIGHT NOW!!! $7,500 TARGET?! | BTC Accumulation On The Rise!
by The Moon

9. OMG!! LOOK AT THE BITCOIN CHART!!!! JACK DORSEY OF TWITTER & LIGHTNING NETWORK!!!
by The Moon

10. WOW!! BITCOIN PUMPING RIGHT NOW WHILE STOCKS ARE CRASHING DUE TO CORONAVIRUS FEAR!!
by The Moon

These are the posts that were trending this week on youtube. Bitcoinz.news doesn’t own any of these videos and the rights are reserved with their respective owners.

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Disclaimer: All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Trustology’s Custodial Wallet To Underpin Binance’s DeFi Ecosystem

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Press Release:

London, 7 May  2020 – Trustology, the leading cryptoasset custody solutions platform, has today announced that it has extended custodial wallet support to the Binance chain, enabling users to transact BNB and all third party cryptocurrencies with full custody over their assets. Convenient, custodial trading will soon be offered through Binance’s decentralized exchange (DEX) as well.

The announcement coincides with Binance’s recently published white paper outlining their plans to build a “smart chain”. Running parallel to the existing Binance chain, the smart chain will facilitate the creation of smart contracts and designing of dApps not only augmenting the Binance DEX, but another clear indication that Binance is likely to pursue the fast-growing DeFi ecosystem.

Trustology, who is already leading the charge in navigating the complexities of DeFi crypto custody, extended support for the Binance Chain and transactions on the Binance DEX in response to mounting demand from institutional investors and funds looking to access the DeFi ecosystem to grow AUM and enhance portfolio value.

“With the value locked in crypto DeFi markets hitting the $1 billion milestone earlier this year, a quarter of what it was worth a year ago, the market is poised for continuous growth. Binance developing their own DeFi ecosystem is an obvious win for the Binance Smart Chain, and for us as custodians as we’re always striving to offer our clients as many opportunities as possible to maximise earning potential in the financial markets,” said Trustology CEO Alex Batlin.

Along with most decentralized protocols, Binance Chain users are in need of precautionary fail-safes that only independent custody solutions offer. Currently, there are only 28 wallets, mostly non-custodial, that support Binance Chain, and very few of these work across different blockchains.

“One of the reasons a lot of custodians don’t support Binance chain and the DEXs, is because they have a different architecture which poses a number of challenges, especially when it comes to signing transactions. Our unique re-signing technology has enabled us to quickly support Binance Chain in a custodial way, and as and when Binance Smart Chain comes on board we’ll be able to support any application or new asset type created on top of that like we do with Ethereum.”

Trustology is the first custodial wallet provider with a MetaMask integration, bridging the gap between safe custody and decentralized apps, providing the much-needed security critically lacking in DeFi. Additionally, Trustology’s unique re-signing technology will benefit both individual and institutional investors looking to enter the DeFi space, as new dapps that start to emerge on the Binance Smart Chain will be supported immediately, in a custodial way, from launch.

A recent report from accounting giant KPMG revealed a critical need for institutional custody. Per the report, over $9.8 billion worth of crypto has been stolen in the past three years alone. This demand for independent custodians is only becoming greater as DeFi ecosystems continue to develop.
Fortunately, some of these risks can be mitigated via Trustology’s signature custody wallet, TrustVault. Fully automated with built in KYC/KYT controls and other security safeguards such as multisig and whitelists, or “walled gardens,” TrustVault permits the user to filter between desired and undesired entities and create a controlled environment. This could involve allowing officially published exchange addresses while barring known criminal addresses. The same applies on-chain with whitelists sanctioning particular dApp smart contracts and excluding others.
“We’re excited to be expanding our asset class and on-chain support to include another major chain in the market which should help to engage more institutional investors and funds looking for custody solutions that are platform agnostic, ultra secure and provide fast execution capabilities,” says Batlin.

“The move to support Binance furthers our drive into the DeFi space and long term goal of becoming the go-to programmable custodial platform. In essence, this move enhances our product offering and services into DeFi space and coins and chains we support.”

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Where will bitcoin’s price go from here?

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The debate over the US dollar and Bitcoin has been going on for a very long time now, but who would have thought that there would be such a worldwide health crisis that could make a huge impact on financial status of the economically leading countries.

So, what happened over the last few months is that many financial institutions were down on progress and productivity resulting in economic downfall.

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And, what is the government doing?

To counter this economic crisis, the government is paying the employees who are self-quarantined at their home. The stimulus is expected to be about $1200 to $2400.

To pay for this stimulus and to boost the market, government is actually printing more money not in the Billions (or even Trillions) of US Dollars. That is the downside of fiat system. You can print as much money as you want without the regards for the long-term impact.

What you think this will lead to in the near future?
Inflation is obvious with unlimited supply of cash in the market.

This happened with many countries. Venezuela being the latest victim of excess money printing.

Carl Kruse on Twitter

Money printer goes BRRRRRRRRRR. Yay! Maybe, just maybe, you should get some #Bitcoin. https://t.co/i1LspUiRcw

Vis on Twitter

The Federal Reserve says there is an “INFINITE AMOUNT OF CASH” This is quite literally the reason bitcoin was created. https://t.co/JTE9TVoSr0

So, what it means for Bitcoin?

As everyone knows, bitcoin is invented as one of the ways to overcome this unruly printing of ‘fiat’
money. Bitcoin comes with a specific amount of supply that will ever exist, and the upcoming halving makes it even more rare and hence more valuable compared to fiat.

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Why is the Bitcoin price still not rising?

The current health crisis has not only affected the stock market, but also every other financial sector, Bitcoin and cryptocurrency markets are no different. There are certain things we need to consider when there is a fall in the prices:

  1. Panic
    During times like these you will always see panic among investors when they want to sell their assets expecting a doomsday scenario. They would much rather hold cash and stock up on goods than keep money in stocks, understandably so.
  2. Stocking up at lower prices
    Volatility also forces lot of investors to liquidate their BTC holdings for cash. Some investors simply move money from BTC to USDT to stock up more BTC at a lower price. Here is what some folks have said about BTCs volatility:

Raoul Pal on Twitter

I can not express how bullish I am on bitcoin. We are at risk of losing the entire system right now. I know they will find a way to save it but all trust is lost. Gold guys/girls – you’ll be fine too.

Michael Novogratz on Twitter

btc will continue to be volatile over the next few months but the macro backdrop is WHY it was created. This will be and needs to be BTC’s year.

Where to from here?

We will see that it will take a long time for stock market to recover to its pre-crash glory. About 18 months from now. However, for Bitcoin – we expect a sharp uptick as soon as this crisis ends (and a medicine/vaccine is confirmed). If the relief comes before May – we expect Bitcoin to go on a bull ride…if medicine takes longer – then we might see Bitcoin to still do better than stock market in general but not in multiples.

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Of course, this is all speculative opinion. Not a financial advice of any kind. We will see what happens in reality.

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Top Trending Reddit Crypto News this week- 04

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Let’s see what posts trended this week on reddit. If you missed the first compilation, you can check the link here.

  1. First mural

2. Bitcoin over relationships

3. How many times Bitcoin rose from being called dead ?

4. Very true

5. Old Iphone and it’s purpose?

6. Good old friend who once didn’t believe in bitcoin and I dont think he still does…

7. Can’t live without you 🙂

8. Redditors are getting very creative

9. Boasting..

10. More and more bitcoin ATM’s near you

These are the posts that were trending this week on reddit.

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Disclaimer: All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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