Tomorrow, on April 14, 2021, the US-based crypto exchange Coinbase will be going public with its much anticipated IPO. The crypto market is preparing anxiously for this event as the Bitcoin price has reached nearly $62,000 over the last week and the total cryptocurrency market capitalization has exceeded $2 trillion. The company has been showing incredible results throughout the first quarter of 2021 with an estimated profit of $730 million to $800 million. This shows double their profits for the entire 2020 which was $322 million in a total revenue of %193 billion.
A Digital Dollar for the Eastern Caribbean
In order to speed up transactions and assist residents without bank accounts, the Eastern Caribbean financial authorities have developed their own digital asset. This digital currency was developed by a fintech company in Barbados by the name of Bitt in partnership with the Eastern Caribbean Central Bank. This currency differs from regular cryptocurrencies as it is issued by a central bank and has a fixed value tied to the Eastern Caribbean Dollar.
Crypto Market Cap Breaks $2 Trillion
Monday 5 April 2021 will go down in history as the day when the total market capitalization of the digital asset industry peaked at over $2 trillion. This is an all-time high for the crypto market and reflects the recent increase in investment demands from major companies in both the institutional and retail sectors. Bitcoin has managed to hold a $1 trillion market cap for an entire week which has helped to lead the surge in the overall crypto market value.
Goldman Sachs Opens up to Bitcoin – Will Offer Wealthy Clients Crypto Investment
As another top U.S. investment bank makes a move to offer high-end wealth management clients access to bitcoin investment vehicles, the world of cryptocurrency is becoming even stronger. Morgan Stanley Making a Statement When the news hit two weeks ago that Morgan Stanley is exploring Bitcoin and will increase its focus on the cryptocurrency industry, […]
Cardano: the new crypto coin on the block
Crypto casino players now have a new altcoin to play with – Cardano’s ADA. If you’re an ADA user you can dabble with it at 1xBit, True Flip, Betmaster, Bitcoin Casino, Crypto Games, Fortune Jack, and Betcoin. This cryptocurrency has positive predictions and has been welcomed onto the cryptocurrency scene by many investors.
SoftSwiss Anti-Fraud Ensures Safe Crypto Gambling
Since July 2020, Softswiss has resolved over 70 fraud-related cases worth over €370,000! The past nine months have shown excellent results in the battle against crypto gambling fraud. And the future looks bright when it comes to preventing these occurrences.
Visa Explores Value of Blockchain with Crypto.com
Visa has announced the development of a pilot program that would allow its users to settle transactions with cryptocurrencies by utilizing Ethereum blockchain. As large corporations start exploring the use and benefits of cryptos within their industries, we could see blockchain technology becoming a big part of everyday life in terms of trade and commerce.
The BitClout Controversy
How far will the crypto community go? BitClout is a social media network where users can buy and sell celebrity NFTs where the value increases and decreases as per the reputation of the celebrity. What’s more, is that these celebrities like Elon Musk, did not have to consent to this commoditization of his image.
Welcome to Decentraland
When it comes to a virtual reality experience, the Decentraland project has taken a big step. Founded by Esteban Ordano in 2015, this decentralized virtual platform allows its users to monetize their digital assets, create new assets and services, and experience the work and digital property of others in a virtual world.
Blockchain enables crypto art craze
Crypto art sales have skyrocketted! Blockchain technology has enabled people to spend millions of dollars on digital-only artworks, otherwise known as NFTs. Beeple has recently sold his ‘Everydays: The First 5000 days’ piece for a record-breaking $69.3 million.