DAILY CRYPTOCURRENCY NEWS ON 08TH APRIL 2022

Hi guys,

This is the first edition of the news about cryptocurrency. I looked around steemit and from search i hardly see a place where fellow steemians can have a sniff around to be updated about news of the happenings around crypto currency.

For the first edition I will take you through what the news will be about.

• We will be looking at the prices of the dominating cryptocurrencies.

• I will look to give advice on crypto currencies that people can invest in a short term to make profits.

• I will also be looking at some of the dominating news that is surrounding the world of cryptocurrency.

• Finally there will be some editions of the publication where I will look to hand out prizes to steemians who will get the correct answer to questions I will ask in some of the publications.

Now for the most part of it, the cryptocurrency news will be a daily publication that looks to dive into important news that we may skip and will not be willing to search for but when we look at this publication we will find them.

The first edition will be posted in the steem ghana community but might be moved later on to gather more audience.

News around the world.

---

For the first news.

An Island Accepts BTC as form of payment

---

source

---

In Honduras, an economic island known as Prospera Island has accepted the use of bitcoin as a legal tender. Now what this means for the citizens of the island is that just like hard cash, BTC and other coins can be used as a medium for paying for goods and services. This law only affects a specific part of the island. The island is a new island that was previously formed in the year 2020 and as such allegedly runs a political system that is quite different from that of the country.

This law follows as it is alleged that jobs are limited in that part of the country to boost jobs they decided to pass a law that allows for the country to see more investment inflow and businesses.

---

Australian Car retail company now accepts purchase of cars with cryptocurrency

---

---

source

---

Coin spot, an Australian based cryptocurrency exchange has signed a deal with a car company allowing customers to purchase cars with bitcoin.

Dutton Garage one of the biggest local car retailers in Australia recently announced its partnership with Coinspot to allow customers to purchase cars with BTC and other cryptocurencies. The car company allows the purchase of cars with up to 30 different cryptocurrencies. This becomes the only other time after tesla that a car company has accepted payment in cryptocurrencies for their products.

Payment or purchase of the cars will be made available to customers with the agents of the exchanges sitting over the counter and customers making payments through their exchanges.

---

Mexican Billionaire has 60% of wealth in crypto

---

---

source

---

We have heard of instances where people have made it clear that they do not believe in cryptocurrency although it has had success all over the years.

A Mexican billionaire has revealed that close to 60% of his wealth is in BTC. Ricardo Salina, a Mexican billionaire has shown his belief in BTC by stating at the Miami Bitcoin 2022 conference that most of his wealth is in BTC.

Ricardo Salina according to multiple sources is Mexico's 3rd wealthiest person and the 154th richest in the world with a net worth estimated to be around 12.8 billion dollars. It comes as no surprise that he has most of his wealth in BTC as at the year 2020 he stated that 10 percent of his wealth was in BTC.

---

UFC signs partnership to pay bonuses of fighters in crypto

---

---

source

---

We have heard of several sports industries adopting the use of cryptocurrencies. The sports industry has fully adopted the use of crypto although players have not started receiving their salaries in crypto.

In an earlier report, it was announced that fighters in the UFC(Ultimate Fighting Championship) will start to receive their fighting bonuses in BTC. This comes after the ufc signed a deal with crpyto.com some years back. An amount of 60,000 dollars in BTC has been set to be shared among the top 3 fighters of the night. This comes as no surprise as more and more exchanges are beginning to involve the sporting industries and even sponsoring them to sponsors soorting activities.

---

PRICES OF THE TOP 10 CRYPTOCURRENCIES.

---

For the past 24 hours, we have seen a dip in the prices of coins as the price of BTC continues to fall. Let us look at the prices of the top 10 cryptos according to coin market cap rankings.

Bitcoin(BTC)	$43,607.71
Ethereum	$3,282.41
Binance coin	$431.22
Solana	$115.48
Ripple	$0.77
Cardano	$1.07
Terra Luna	$99.38
Avalanche	$89.38
Polkadot	$20.23
Dogecoin	$0.1477

---

The price of steem as at the time of writing this post is $0.3586

---

Note- I've skipped some of the coins in the top 10 as they are stable coins

---

Now to the top coin in the day to invest for me.

---

coinmarketcap

---

The Kava token has made a 5 percentage increase within the last 24 hours. With an opening price of 4.1 dollars it is now trading above 4.8 dollars.

Trading view

Looking at the KAVA/USDT chart above, we can see that the parabolic sat confirms a bullish pattern as we see that it's dots are below the price action.

The ema further confirms the pattern as it is seen below the price action. A reversal will be seen when the ema and rsi dots start to form above the price action.

The median further confirms a bullish pattern as we can see its green color. Even though a red candle is formed we can see that the indicators all show a bullish pattern hence a great time for scalpers to enter the market. Scalpers are daily traders who look for small profits in the market thus its an ideal market for them.

note- as the crypto market is highly volatile you will be following my trading advice at your own risk

This is the first edition of the cryptocurrency news which I hope users will like. Any other things users will want me to add can be stated in the comments section.

Thanks for reading.
@rubilu123.