As the dust begins to settle over MakerDAO's Black Thursday incident, the team is now returning to a normal working pace. Answering a question often posed in the community as to why the foundation is not compensating these losses directly, Rune Christensen, one of the original founders of the protocol, said: "I think if the foundation were making guarantees around the system, that would go against the whole purpose of DeFi. The foundation did develop the protocol [...] but ultimately, the foundation isn't operating the system."
True to the spirit of DeFi, the burden of solving the situation falls on the Maker community, argues Christensen. He concluded: "It's been clear from the very beginning within the foundation that our job in this situation is to simply support whatever the community decides."

Citing data from Boboo.com, the OTC price of USDT currently marks 7.18 yuan, while the exchange rate of the onshore RMB against US dollar reads 7.0595, indicating the premium rate of USDT now climbs to 1.71%.

Tron CEO Justin Sun recently created a new Weibo acount nearly one month after his old one was blocked on March 5.

Gate.io has started IoTeX Lock-up ＆ Earn (3 months) purchase activity, with a total supply of 30 million IOTX and an estimated annual interest rate of 25%. The activity will be carried out on a first come, first served basis. The principal and interest will be distributed when the lock-up period ends.
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When asked "What do you foresee the future of Bitcoin SV to be," Coingeek founder Calvin Ayre said: "I've been saying for months now that I believe the platform wars (BSV, BCH and BTC) are over and from my perspective, they were over pretty much the second the hash war was started and we got rid of all the anarchists that all went over to the other branch. Once we got all the anarchists away from the original Bitcoin protocol and there was nobody blocking us, we were free to scale and from my perspective, that's was it. It was over."

CargoSmart Limited, a leading shipment management technology solutions provider, announced that it conducted a pilot project with COSCO SHIPPING LINES (COSCO), Shanghai International Port Group (SIPG), and Tesla, Inc. (Tesla) for a new application to transform the cargo release process. It is among the first pilot projects with an ocean carrier conducting a real-time exchange of shipment data with a terminal operator through blockchain. The pilot not only demonstrated the benefits of having a single, trusted source of truth in cargo documentation, but also the efficiency gains for industry participants.

The proceedings against fraudulent cryptocurrency scheme OneCoin and a number of individuals linked to it continue at the New York Southern District Court.
On April 6, 2020, the US Government filed a Letter with the Court. The document, seen by FinanceFeeds, concerns Ignatov. A sentencing control date is presently set in the case against him for April 8, 2020 at 11:00 a.m. Because Ignatov's cooperation is not yet complete, the Government requests that the sentencing date be adjourned for approximately three months.

Prominent venture capitalist Tim Draper thinks that world governments printing money to cushion the blow from the COVID-19 pandemic could make people flock to Bitcoin (BTC) once the dust settles, according to his new interview.
Draper expects that geographical boundaries will stop making much sense, which will spur the adoption of the frictionless cryptocurrency.

Bobby Ong, Co-founder and Chief Executive Officer (CEO) of CoinGecko, gave an interview to My Two Gwei on April 6. Among the topics discussed was CoinMarketCap's (CMC) $400 million acquisition and the role it may play in the future.
Ong highlighted his company to "uphold data integrity” in the face of "many new exchanges… faking their volume." One of the targets of the CEO during his interview was CMC, a rival company of CoinGecko: "After this acquisition, I think it will be hard for CoinMarketCap to stay neutral and independent so we are now the largest, independent crypto data aggregator on the market."

As BeInCrypto previously reported, some analysts expected miners to dump their holdings before their operations become less profitable in a few weeks' time.
Trader Mansasuma (@mansasuma) made a case that, in his words, will "crush some bullish dreams"—he argues that the ongoing miner capitulations may cause a 'death drop.'
The opinion put forward by Mansasuma is controversial, to say the least. Most of the cryptocurrency market is bullish for the remainder of 2020, with many arguing that the 'bottom' was on March 12. It was then that even some long-term holders sold BTC during the panic.

Allegations surfaced on Twitter on April 5 that "Cooking Mama: Cookstar" for Nintendo Switch was using players' Nintendo Switches to mine cryptocurrency.
The game has also experienced distribution issues, with the game currently experiencing limited physical availability. It is currently not listed on the Nintendo eShop in the United States.
Both the game's developer, 1st Playable, and its publisher, Planet Entertainment, have denied claims that the game is used to mine cryptocurrency.

Messari research shows that the Loom Network, a two-tier network development platform, recently had three validators withdraw from the network. Among the 14 verification nodes currently supported, Binance's nodes control more than 50% of all pledged tokens.
Wilson Withiam, a researcher at Messari, believes that the DPoS system is not immune to stronger verifiers colluding to disrupt the governance vote on the chain. Loom plans to release the next stage of upgrading Basechain on Apr 7. The project may be undergoing major adjustments. Some speculations indicate that the focus of the project will shift from end-user applications to enterprise-level scenarios. In addition, Matthew Campbell, co-founder and CEO of the Loom Network, left in February.

OMA (Oasis Management Architecture) IEO will be launched at 03:00 on April 8 (UTC), accepting USDT. The schedule of round one is from 03:00 to 4:00 on April 8.
OMA CHAIN (Management System of CHAIN) is the world's first intelligent public chain focusing on the interaction data management system. The system has been implemented by millions of users in the strategic collaborative ecology, and will support more landing ecology and system management in the future, with the user scale reaching tens of millions. OMA CHAIN aims to bring the value of data back to the contributors, create a human-based collaboration to continuously mine, amplify the value of user behavior data, and make behavioral mining a new enabling direction.

Citing statistics from alternative.me, the Fear & Greed Index currently reads 20, eight units more than yesterday's, indicating the crypto market is still in "Extreme Fear."
Note: As per the index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed." The current index is for Bitcoin only and is measured based on volatility (25%), market momentum/volume (25%), social media (25%), surveys (15%), dominance (10%), and trends (10%).

According to the announcement, NULS has released a new upgrade version V2.5.0 of the NULS mainnet wallet at 07:00 UTC on April 6, and supports NRC20 token cross-chain transactions.

Developers at Suma have come up with an open-source 'cross-chain swap system.' Summa offers private, self-enforcing, and self-settling cross-chain contracts which are trustless and non-custodial. The system code has already submitted to Github.

Per the official announcement, based on the ACT (Achain) official plan, the ACT mainnet will be upgraded at the block height of 8524000. Huobi Global will support the upgrade and suspend the deposit and withdrawal of ACT at 02:00 on April 8, 2020.

Shyft Network is adding yet another blockchain to its decentralized digital identification network. The Barbados-based firm announced its intentions to build out a Polkadot parachain based on Parity Technologies' Substrate network.

As of 03:00 (UTC) on Apr 7, the global price index of Bitcoin (BTC) has been trading above the $7,300 level. At present, the coin marks $7,308.12 with an increase of 6.81% in the past 24 hours.
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with four indicators sending out selling signals, zero showing neutral signals, and 14 indicating buying signals.
The broad market experiences upward trading, with 94 out of Top 100 cryptos by market cap rising.
The global market cap reads $207.25 billion, and the 24-hour trading volume is $174.84 billion.
Major Coins
1. BTC quotes show 7,290.00 USDT on Binance, $7,299.80 on Bitfinex, $7,298.91 on Coinbase Pro and 7,301.09 USDT on Boboo.com;
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $169.33 (+17.07%); XRP marks $0.1968 (+9.01%); BCH marks $255.11 (+8.77%); LTC marks $45.07 (+10.70%); EOS marks $2.71 (+14.38%); ETC marks $5.56 (+8.46%).
Top 3 Gainers and Losers in Cryptocurrencies
1. Top 3 gainers among Top 100 cryptocurrencies by market cap: BCN (+21.69%), DGB (+21.19%), and ETH (+17.07%);
2. Top 3 losers among Top 100 cryptocurrencies by market cap: SXP (-3.47%), TUSD (-0.36%), and EURS (-0.35%).
Cap Flows of Coins/Exchanges
1. Top 3 capital inflows within the last 24 hours: BTC (+$82.43 mln), ETC (+$23.41 mln), and XEM (+$16.30 mln);
2. Top 3 capital outflows within the last 24 hours: EOS (-$49.75 mln), BSV (-$34.07 mln), and HDAO (-$23.58 mln);
3. Net inflows/outflows of exchanges: Binance (+$7.19 mln), Bitfinex (+$18.06 mln), and Coinbase Pro (+$44.30 mln).

Eccentric cybersecurity entrepreneur John McAfee has bashed Bitcoin claiming the flagship cryptocurrency is "worthless," even though he had predicted it would reach $1 million by the end of this year, before calling off his prediction.
In January of this year, after the cryptocurrency endured a year-long bear market and subsequently failed to recover to its previous all-time high, McAfee claimed the prediction was a "ruse to onboard new users" and dropped the prediction.

Citing Whale Alert, 50,041.92 BTC ($367,982,600 USD) were transferred from an unknown address starting with 3AoKSA to another address which starts with 3PziAk at 02:39:23 UTC on Apr 7. The hash is dd057303baa585ac9a710389b2025618ba27dd0a6787de7412fe78636aff064b.

In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas.

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Monitored by CoinNess.com, from 00:00 to 02:00 (UTC) on Apr 7, EOS registered a net outflow of $18.10 million in the past two hours.
1. The Top 3 net cap inflows in the crypto market are: BTC (+$11.30 mln), LINK (+$4.16 mln), and LTC (+$952.20 k);
2. The Top 3 net cap outflows in the crypto market are: EOS (-$18.10 mln), BCH (-$4.91 mln), and BSV (-$4.65 mln).
For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.

The data shows that the current block height of BCH is 629775, and there are 225 blocks left before the block height reaches 630,000. BCH is expected to be halved in 37.5 hours, namely at about 15:00 UTC on April 8.

OKEx officially announced that Creditcoin (CTC) is listed on OKEx and issued the following go-live schedule:
1. CTC Deposit: 09:00 Apr 9, 2020 (UTC);
2. CTC Spot Trading: (CTC / USDT, CTC / BTC markets) - 09:00 Apr 10, 2020;
3. CTC Withdrawal: 09:00 Apr 13, 2020.

Citing data by Boboo.com, from 00:00, Apr 6 to 00:00, Apr 7 (UTC), a total of 11,502 BOBT were generated. As of 00:00, Apr 7, the number of BOBT generated has reached 1,539,276.
BOBT represents an ERC 20-based native token developed by Boboo.com, with only 21 million coins to be generated through crypto-to-crypto trading. The generation process is limited to 100 days and those which are not generated before the deadline will be burned. BOBT will officially enter the absolute inflation process featuring full buy-back & burn and free circulation process when the total supplies run out. All net incomes from crypto-to-crypto trading commissions will be used for BOBT buy back & burn.

On April 6, trader Captain Scio released a screenshot of the Coinbase trading platform. The picture shows that someone successfully traded 42,000 Bitcoins with only $0.18. Coinbase has not issued a statement regarding the abnormal transaction, nor has it confirmed whether the transaction was actually carried out. However, it is suspected that Coinbase employees have already responded via a tweet, reading "This is a UI bug, reload the page and it'll go away."