Jesse Powell, CEO of Kraken, which is the fourth largest cryptocurrency exchange in the world in terms of volume, fears that a “crackdown” on cryptocurrencies is imminent. There have been some recent warnings from various officials about the use of cryptocurrencies for money laundering and the financing of terrorist organizations. U.S. Treasury Secretary Janet Yellen, and European Central Bank President Christine Lagarde, have brought these concerns to light.
Coinbase About to Make its Public Debut on Wall Street
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.
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.
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.
Decentral Games and Atari Join Forces in New Crypto Casino
As the NFT (Non-fungible tokens) craze skyrockets, Atari has set their sights on diving into the world of crypto gambling. Atari and Decentral Games are looking to launch their new casino in early May this year. They have stated that the casino will be launched with product giveaways and exclusive NFTs as prizes. This exciting new platform will be making use of the newly developed Atari token (ATRI) for players to use as a wagering currency.
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.
Is Alt Season Finally Here?
Bitcoin continues to rally, and the altcoins are following. Is Alt Season finally here and can we cash in? Bitcoin Casino Kings explains!
Could this be the start of the next big bull run? We certainly hope so!