Weekly market turnaround: Bitcoin rises to new highs, first Ethereum ETF launches, NFT keeps on excitement
- One of the most exciting Bitcoin news from last week was arguably the digital asset’s rally to a new all-time high above $ 62,000.
- The list of companies looking to launch a Bitcoin ETF in the US has continued to grow. Mike Novogratz’s Galaxy Digital is the latest company looking for approval from US regulators. On the other hand, Canada’s Bitcoin ETFs are hitting record highs despite being launched just two months ago.
- MicroStrategy announced last week that directors will begin accepting their salaries in Bitcoin.
- According to Grayscale CEO Michael Sonnenshein, TIME magazine signed a partnership with the business intelligence firm and hopes to add some bitcoins to its balance sheet.
- A former CIA director issued a vote of confidence on Bitcoin, ultimately upsetting claims by regulators that digital confirmations were primarily used for financial accounts. illegal.
- Meanwhile, the Simpsons have left a prediction in one of its recent episodes describing that the Bitcoin price could go infinitely.
- America’s oldest liquor store Acker and insurance giant AXA have joined the list of companies that currently accept Bitcoin payments for goods and services.
- Eventually, Gary Gensler was approved by the US Senate as the new chairman of the Securities and Exchange Commission of the country.
- During the past week, Ethereum broke its previous all-time high after rising above $ 2,260. The rally took place shortly after the Ethereum Berlin upgrade.
- The world’s first Ethereum ETF made its debut in Canada. The Ontario Securities and Exchange Commission (OSC) has agreed to the Purpose Investments’ Ethereum ETF.
NFTs The NFT mania doesn’t seem to slow down. Several new players have joined the NFT train over the past seven days. Here’s a quick rundown of all the individuals and brands looking to milk the latest cash cow.
- The famous YouTuber Ali Spagnola drew attention from Beeple and is selling 14-year artwork for $ 500,000. Similarly, a 30-second boxing clip between Jake Paul and Nate Robinson from November 2020 is set to sell as NFT for a whopping $ 10 million.
- Popular greeting card company Foxdog also announced the launch of a limited edition NFT card on April 12.
- The World’s Last Stronger athletic competition also made an NFT mistake. The team behind the annual strength competition revealed that they will be releasing a series of NFT collections. And in a rather unlikely event, the New York Stock Exchange announced that it was going to issue some NFTs.
- As if that wasn’t weird enough, one person accuses the NSA of selling an NFT under his motif for 2,224 ETH (over $ 5 million).
- Binance Labs led a $ 1.6 million funding round for MOUND.
- Turkish regulators finally issued a ban on the use of cryptocurrencies for payments. Trading operations remain legal in the country, according to the official statement. The ban will take effect at the end of April.
- The DAO token has been integrated on the OKEx exchange.
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