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Bitcoin’s ATH at $65K And Coinbase Nasdaq Listing: The Weekly Recap

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This week was particularly eventful in the cryptocurrency market. Without a doubt, the highlight of it was the direct listing of Coinbase shares on Nasdaq. This is the first major cryptocurrency exchange to go public, and it did so in style. The trading opened at around $381 per share (ticked COIN), putting an opening value of around $100 billion.

But that’s not the only exciting thing that happened. The week started off with a blast as bitcoin surged past $60K on Saturday. However, the price was somewhat indecisive, and it couldn’t continue forward during the next few days. All of that ended on Tuesday when BTC skyrocketed above $63K and marked a new all-time high. But there was more to come.

On Wednesday, Bitcoin bulls forced another leg up and painted a fresh peak around $65,000 – where the current ATH lies. Since then, the price has retraced a bit, but the market continues to look primed.

Amid all this, altcoins were thriving. Ethereum is up by around 17% in the past seven days, which is also true for BNB. Ripple exploded by 60%, but the show was stolen by the one and only meme coin – DOGE.

Dogecoin increased by a jaw-dropping 530% in the past week, and it set a new all-time high above $0.45. It is currently the fifth biggest cryptocurrency by means of total market capitalization, surpassing the likes of Tether, Cardano, and Polkadot. Its total valuation is also higher than traditional finance behemoth Barclays, as well as other companies such as Motorola.

In any case, altcoin season is booming, with the majority of large-cap cryptocurrency charting double-digit increases in the past week. This has reduced the BTC dominance towards 51%, despite the fact that bitcoin is also up by around 6% in the same period.

Elsewhere, positive news came from PayPal’s CEO, who said that the company could reach upwards of $200 million in volume in the next few months. The online payment processor recently launched a crypto checkout service that allows its users to spend their cryptocurrency at millions of merchants.

Larry Fink, the CEO of the world’s largest asset manager, BlackRock, said that crypto has the potential of becoming a “great asset class,” which is surely a good thing. Regardless, the markets are particularly volatile, and it’s very exciting to see how the next week will shape up.

Market Data

Market Cap: $2,229B | 24H Vol: 287B | BTC Dominance: 51.7%

BTC: $61,650 (+5.49%) | ETH: $2,426 (+17.03%) | XRP: $1.65 (+63.73%)

The Crypto Headlines You Better Not Miss

MicroStrategy Directors Now Receive Board Fees in Bitcoin. In yet another major pro-Bitcoin move, Micheal Saylor’s MicroStrategy made the decision to start paying its non-employee directors board fees in BTC. The company continues with its positive stance towards the cryptocurrency as its total holdings near 100,000 bitcoins.

Coinbase COIN Starts Trading at a Price Around $400 and Over $100 Billion Valuation. Coinbase, the leading US-based cryptocurrency exchange, is now a publicly-traded company on Nasdaq. Its shares are under the COIN ticker and opened at a price of $381 per share, putting a total market capitalization of the company of around $100 billion upon listing.

PayPal’s Crypto Service Could Reach $200 Million in Volume in a Few Months, Says CEO. The CEO of the world’s leading online payment processor PayPal – Dan Schulman, said that his company can reach a cryptocurrency volume of around $200 million in a few months. This comes shortly after they launched a crypto checkout service.

Crypto Can Become a Great Asset Class, Says BlackRock CEO. Larry Fink, the CEO of the biggest asset management company in the world, BlackRock, said that cryptocurrencies can become a great asset class. He also said that he’s fascinated and encouraged by the number of people focusing on it.

Ethereum’s Berlin Hard Fork is Live, but Sync Issues Are Reported. Ethereum’s network went through a planned hard fork called Berlin. The update is already live, but it also caused some node syncing issues for some users which resulted in a few exchanges halting deposits and withdrawals temporarily.

Grayscale Total Assets Value Soars Above $50 Billion Following the Recent Bitcoin ATH. The biggest cryptocurrency asset manager, Grayscale, achieved a serious milestone amid the increasing prices this week. Its total assets under management topped $50 billion for the first time.

Charts

This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano – click here for the full price analysis.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoins-ath-at-65k-and-coinbase-nasdaq-listing-the-weekly-recap/

Blockchain

Ethernity Chain Immortalizes Tony Hawk’s Last 540 Skate Trick With NFT

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[Press Release – Los Angeles, California, 12th May, 2021]

Iconic skater Tony Hawk will soon have his own NFT thanks to the Ethernity Chain platform. The new NFT collection will launch on Wednesday May 12 at 12PM ET and be available for 24 hours.

Hawk recently performed what he insists will be HIS last ever “540” skate trick, and the moment in time will be preserved for eternity as an authenticated NFT (aNFT). The winning bidder will also receive the actual skateboard and shoes used in the final trick.

The legendary skater’s last ever 540 constitutes just part of a coveted collection co-created by influential digital artist Ondrej Zunka, a boyhood fan of Hawk.

“Birdman” will also provide one of his own skateboards, modeled after the inverted handstand and represented as an aNFT. Ethernity plans to raffle the skateboard randomly to a buyer of the aNFT.

The collection is completed by Graffiti Wall, a colorful artwork featuring contributions from skating enthusiasts in the form of messages, drawings and slogans etched on a blank canvas.

“I spend a lot of time around skateparks and there’s always a lot of graffiti everywhere, so I made this public Graffiti Wall inviting friends, family and the public to add a note to Tony,” said Zunka.

“I’ve created a texture from all of these messages and projected them onto the ramps, so whoever participated is now part of these two NFTs.”

Ethernity, which is committed to bringing legendary figures, real world collectibles, and fan engagement to blockchain, recently released aNFTs of Muhammad Ali, Pelé and baseball star Fernando Tatlis Jr. As with Hawk’s collection, each auction also included physical collectibles such as custom baseball bats and gloves worn by the boxer.

About Ethernity

Ethernity is exploring applications for non-fungible tokens (NFTs) within the context of art and philanthropy. It provides a way for celebrities and public figures to endorse digital artwork created by renowned artists. Anyone can purchase each limited edition artwork, with a portion of the proceeds going to charitable causes that the celebrity supports. Ethernity was founded by early Bitcoin investor and NFT innovator Nick Rose Ntertsas.

Learn more: http://ethernity.io/

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Source: https://cryptopotato.com/ethernity-chain-immortalizes-tony-hawks-last-540-skate-trick-with-nft/

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Blockchain

BitMEX Executives to Face Trial in March 2022

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The executives of the derivatives trading platform – BitMEX – will face trial in March next year. The money laundering case will come 18 months after charges were first filed. The former members of BitMEX can face up to 5 years in prison and a $250,000 fine if found guilty.

The Trio Heads to Trial

Last year, US officials accused the CEO of the company Arthur Hayes, the co-founder Benjamin Delo, and the chief technology officer Samuel Reed of violating the Bank Secrecy Act. Moreover, the members of BitMEX were served with money-laundering charges.

On May 11th – 18 months after the first accusations against them – New York District Judge John Koeltl set the trial date for March 28th, 2022. Furthermore, Gregory Dwyer – BitMEX’s head of business development – also faces charges but will appear in court separately.

Even though the company’s headquarters are in the Seychelles, the US Department of Justice accused BitMEX of failing to apply anti-money laundering procedures while doing business with US-based customers.

Interestingly enough, the ex-CEO of BitMEX – Arthur Hayes – said that the exotic island was a more convenient place for business as it was much easier to bribe Seychelles’ authorities rather than the US ones. The former executives of the cryptocurrency exchange could face a maximum of five years in prison and a $250,000 fine.


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Where Was Arthur Hayes?

Attorney Jessica Greenwood told the court that Hayes has ”discussed a surrender date of April 6th, 2021 in Hawaii.” She added that ”the plan is to notify the Court in advance of that appearance and discuss logistics” around his submission.

As CryptoPotato reported, even after his remote announcement Hayes continued to reside abroad and explained that he would only visit the United States whenever has to face the trial in New York.

In the end, the former BitMEX CEO indeed turned himself in on April 6th, 2021. However, the officials released him on a $10 million bond pending the future court process.

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Source: https://cryptopotato.com/bitmex-executives-to-face-trial-in-march-2022/

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Blockchain

dotmoovs Raises $840,000 From Strategic Investors and Partners

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[Press Release – Tallinn, Estonia, 12th May, 2021]

dotmoovs, an NFT platform powered by advanced computer vision algorithms has successfully completed a private funding round of $840,000 from notable investors. Amongst the investors are Moonrock Capital, Morningstar Ventures, Spark Digital Capital, Ascensive Assets, Rarestone, Building Blocks, MarketAcross, AU21 and GBV Capital.

The sports industry needs a solution for giving everyone a real chance to earn from their skills. dotmoovs is designed to bridge the gap between physical and geographic limitations, assessment of skill and finally – monetisation. Our vision is to build a powerful sports platform where everyone can challenge their friends or any other similar skilled players in the World for a challenge in their favourite sport.

“We are proud to have such notable investors joining us in building the first crypto mobile worldwide sports competitive environment. We know they can boost our growth and provide industry specific insight and knowledge which will be a deciding factor for us” said Ricardo Martins Costa, head of growth of dotmoovs.

“Our vision is a robust platform powered by blockchain and a state-of-the-art AI system that can analyse videos of players performing sports challenges in real-time” Ricardo adds.

“Moonrock Capital and Morningstar Ventures have come together to assist in incubating and bringing the dotmoovs project together. We are grateful and honored by the trust shown by dotmoovs’ team to become their official incubators and lead investors. Working closely with the team for some time now, we are highly impressed with their professionalism, expertise, and what they’ve developed so far. We are very excited to see this ambitious and revolutionary project come to life – combining sports, blockchain, and NFTs with dotmoovs’ vision of growth. The level of their supporting technology is not something we see every day. For these reasons, we are thrilled to be a part of dotmoovs’ journey and helping them achieve their vision.” said Simon Dedic, Managing Partner Moonrock Capital, and Danilo Carlucci, CIO Morningstar Ventures.

About dotmoovs

dotmoovs is the first crypto mobile worldwide competitive environment. The platforms allow users to compete with others around the world just by bringing their skills, ambition, and smartphone. dotmoov’s AI-based video referee will assess their performance in real-time. Powered by blockchain technology, sport competition will enable fair challenges and access to unique digital assets.

Website | Twitter | Telegram | Telegram Announcements

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Source: https://cryptopotato.com/dotmoovs-raises-840000-from-strategic-investors-and-partners/

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