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 Bitcoin has strengthened and again began its run for $20,000

Yesterday, the value of the main cryptocurrency reached its maximum in 3 years. BTC broke the $19,860 mark. OTC trading platforms noted a significant increase in trading volumes, mainly due to large investors. The Genesis platform reported a six-fold increase in volume compared to a record high in 2017. Investors have become active on specialized platforms, preferring them to messengers. The trading volume on the derivatives market on the Genesis platform reached $600 million in a week. The Galaxy Digital platform has seen similarly rapid growth.

 Ethereum 2.0 finally launched

After several years in the making, the genesis block of the Ethereum 2.0 beacon chain has finally seen the light of day. The upgrade to the second-largest cryptocurrency by market cap was launched as planned, at just after 12 pm UTC on Dec. 1. The launch suffered no hiccups and immediately reached the required stake participation rate to finalize the blockchain. The biggest change is the introduction of a proof-of-stake consensus to the network, which has previously been purely based on the same proof-of-work consensus as Bitcoin. The transition to PoS paves the way for future planned upgrades to be implemented, such as sharding to improve scalability. The launch will be especially welcomed by those in the decentralized finance community. The explosion of DeFi during 2020 saw a huge increase in traffic and gas fees on the Ethereum network.

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 Trading activity related to cryptocurrencies is breaking records

Another rise of Bitcoin, as well as the recent launch of the zero phase of Ethereum 2.0, led to records of trading activity on the Binance crypto platform. This is stated in the report of the exchange. At the end of November, platform analysts stated a historical maximum of the trading volume within 24 hours. It was $ 37 billion. Binance's cumulative turnover reached $ 50 billion last month. Serious activity in the market was facilitated by the entry of the BTC value to the next historical maximum in the spot market. Over the past month, bitcoin has grown by almost 40%. Its capitalization has surpassed the $350 billion mark.

 ETH miners earned more in November than in October

Ethereum miners' profits increased significantly last month compared to October. It amounted to $262 million. However, this figure is still lower than the August and September levels. A significant portion of the profits for Ethereum miners came from transaction fees. The growth of this type of income is associated with the development of the direction of decentralized financing and the number of transactions. In November, miners earned $62 million thanks to transaction fees. In September, ETH miners earned $321 million. 50% of this amount is made up of transaction fees.

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 The largest software manufacturer intends to invest another $400 million in the purchase of BTC

MicroStrategy, a software manufacturer, wants to raise $400 million for investing in Bitcoin. Previously, the company invested $475 million to purchase the main cryptocurrency. The software manufacturer has released a statement about plans to issue convertible bonds. The maturity date for them is set until December 15, 2025. The securities will be available only to qualified institutional investors. In 2020, MicroStrategy bought BTC several times. In August, the manufacturer invested $ 50 million in the first crypto coin. The next month, the share of the company's crypto assets increased by another $175 million. In early December, Michael Taylor, the CEO of MicroStrategy, wrote on Twitter that the company acquired 2,574 bitcoins for $50 million. Currently, the software manufacturer owns 40,824 BTC.

 One of the Ripple creators sold almost 30 million XRP

Jed McCaleb, one of the founders of Ripple, sold another 29.5 million XRP. After leaving the Ripple project, the businessman received 9 billion XRP tokens. Six years ago, he announced that he plans to liquidate these crypto assets. After a lengthy conflict with Ripple Labs over this, McCaleb entered into an agreement with former partners. According to the document, the entrepreneur was able to sell XRP by tying them to the global trading volume. Under the terms of the agreement, McCaleb was entitled to sell up to 1.5% of the world's XRP trading volume daily. It is important to consider that XRP reached a new all-time high in November. Therefore, the speed with which an entrepreneur began to get rid of crypto assets could negatively affect the market. “After the radical increase in XRP volume (according to CMC) it only made sense that Jed would increase his sales, as per his deal with Ripple. Today 9.9 million XRP were sold, making it a new ATH of Jed sales. At this rate, Jed's 3.836B will run out after 387 days”, says cryptoexpert Leonidas Hadjiloizou, ”said Leonidas Hadzhiloizu. McCaleb owns about 3.7 billion tokens.

[BestChange]

 Bitcoin price correction continues, dashing hopes of $20K in 2020

Bitcoin will probably not reach $20,000 this year if a key technical price level isn't reclaimed soon. Bitcoin continues to be in correction mode with its price dropping below $17,600 on Dec. 11, the lowest level since November. Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10% since touching a new all-time high ten days ago. Meanwhile, some recent news namely the proposed crypto regulation in the United States is bringing fear to the otherwise euphoric market.

 SEC Commissioner: authorities must abandon excessive regulation of crypto market

Regulators need to find acceptable options in order to finally accept the principle of personal freedom of citizens, embodied in the very concept of digital currencies. Also, the authorities must abandon the idea of excessive control over the crypto industry, said SEC Commissioner Hester Peirce. In one of her recent speeches, she noted that the digital asset market and the sector of decentralized finance creates certain difficulties for the authorities. Regulators, however, should not restrict industry development with excessive regulatory requirements. “If we were instead to steamroll the technology’s liberty-enhancing features under the weight of regulation, we would lose a lot of the power of the new technology to afford opportunities to people whose autonomy has previously been curbed by, for example, limited access to the traditional financial system, geographic location, social standing, or subjection to a repressive government,” Peirce said.

[BestChange]

 Robinhood is accused of manipulating inexperienced Investors

The Massachusetts authorities have filed a lawsuit against the fintech company Robinhood, which has developed a popular securities trading application. The company was accused of prompting inexperienced users to take risky trades and failed to protect customers from technical glitches in the application. Robinhood, according to the US state, violated new local law. It obliges investment brokers to prioritize their activities in the interests of clients. However, Robinhood, according to the regulator, has provided hundreds of Massachusetts users with no investment experience the ability to trade options. They won approval despite the company's stated policy of screening clients for experience before allowing them to buy and sell options. The company now faces fines.

 American Express has invested in a crypto trading platform

The venture branch of American Express has invested in a crypto trading platform for institutional investors, FalconX. Since the end of the last investment round in May 2020, FalconX has grown by 350% in revenue. According to its own data, the company serves 250 institutional clients. The trading platform's transaction volumes reached about $3 billion per month. “We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said FalconX CEO Raghu Yarlagadda. FalconX offers institutional clients the ability to access cryptocurrency markets through a single platform for trading, lending and clearing.

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 Not only COVID-19 year, but the most successful since crypto winter

The Coronavirus did not make any effort to prevent crypto enthusiasts from trading. According to Mass Media, 2020 turned out to stay quite successful in the context of assessing the size of investments in cryptocurrency projects. Crypto companies did their best to raise about $ 3.1 billion. All in all, it took near 800 transactions to reach the score. Despite serious downgrade of players activity during the first half a year, the situation has slightly changed by the end of 2020. For example, BAKKT finished trade round with 300 million dollars in total. The majority of funds came from M12, PayU system, CMT and The Boston Consulting Group.

 Francis Suarez, the mayor of Miami, Florida, declared BTC as a stable investment portfolio

If you have never heard about this man before, now it is high time. The official said: "Great insight into how Bitcoin has been a stable investment during and incredibly unstable year."  The mayor wrote that he learned about BTC from Tyler Winklevoss and Anthony Pompliano. And «Pomp» has declared Miami is on its way to become Bitcoin city, whatever it means. So, for now crypto educated politic states Miami truly can be the first crypto-friendly city across the whole country. No doubt that South Florida takes its leadership to proceed crypto industry, based on advanced technologies. Suarez also said that he was reading the book "Bitcoin Billionaires", which was authored by Tyler Winklevoss.

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 Criminals moved XRP stolen on Livecoin to KuCoin platform

The fraudsters transferred XRP stolen from the Livecoin crypto exchange to the KuCoin platform. Representatives of XRP Forensics wrote about this on Twitter. They asked the KuCoin administration to freeze these transactions and contact them for more information. Earlier it became known that 106 BTC, 361 ETH and 236 BCH were stolen. A chat has appeared on Telegram for the affected Livecoin traders from Russia, where they share information about the situation with the hacking of the crypto exchange. Some of the users have already contacted the police.

 CryptoQuant claims that investors withdrew $ 2.5 billion in ETH from exchanges in two days

According to CryptoQuant, the number of Ethereum on crypto exchanges has dropped sharply over the past two days. The company reports a decrease in stock exchange balances from 11 million ETH to 8.1 million ETH. The founder of Nuggets News, Alex Saunders, does not exclude that if the trend continues in 10 days, ether will disappear altogether on trading platforms. However, other sources do not confirm these concerns. Ethereum exchange balances have remained largely unchanged since the rise in late 2020, according to Glassnode. “This is nonsense. Who'd really think that a sudden drop of 2M+ #ETH are actual withdrawals from an exchange? Nothing unsusual has happened, exchange flows are completely within their normal range. Current balance: 16.3M ETH», the technical director of Glassnode Rafael Schulze-Kraft tweeted.

[BestChange]

 Over the week, the flow of funds to the cryptocurrency market reached $1.3 billion

The inflow of funds into investment products based on cryptocurrencies last week reached a record $1.31 billion, according to the digital asset management company CoinShares. “We believe investors have been very price conscious this year due to the speed at which prices in bitcoin achieved new highs,” said investment strategist James Butterfill. CoinShares analysts believe that the new high may be related to the recent drop in the price of BTC. It is likely that investors took advantage of the decline in the exchange rate in order to buy cryptocurrency at a profitable price.

 Lloyd Blankfein: BTC prevents authorities from controlling the financial system

According to Lloyd Blankfei, the former CEO of Goldman Sachs, the authorities are obliged to tighten regulation of the cryptocurrency industry due to the rapid growth of this direction. The businessman pointed to the "pseudo-anonymity" of digital assets, which makes bitcoin a convenient tool for financing illegal activities. “You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard. If I were a regulator, I would be kind of hyperventilating at the success of it at the moment and I'd be arming myself to deal with it, ”Blankfein said. In his opinion, the duty of regulators is to limit the freedom that digital coins provide. At the same time, Blankfein doubts that after the tightening of control and, as a result, the loss of anonymity, bitcoin will continue to be in great demand.

[BestChange]

 Opinion: Bitcoin will not hold at the $30,000 level

Scott Minerd, chief investment officer of Guggenheim Partners, is confident that the price of the main cryptocurrency will be dropping. In a comment to Bloomberg, he said that he doubted BTC's ability to hold on to the $30,000 mark. “Right now, the reality of the institutional demand that would support a US$35’000 price or even a US$30’000 price is just not there. I don’t think the investor base is big enough and deep enough right now to support this kind of valuation, ” Minerd said. In his opinion, BTC will remain a viable asset in the long term, but in the near future, the pressure on the price of bitcoin may increase.

 Developing country regulators to issue government stablecoins in the coming time

According to BIS (Bank for International Settlements) analysts, regulators from different countries are actively exploring the question of issuing government tokens. Their mass launch will be in developing countries, analysts say. In the third annual BIS survey, in which 65 central banks participated, 86% of those surveyed said they were considering the pros and cons of issuing their own cryptocurrencies. In 2020, this figure was 80%. About 60% of regulators are already experimenting with government digital currencies. “This research is evidenced by the launch of the first real government cryptocurrency in the Bahamas. Others are likely to join this pioneer. Central banks, which together represent a fifth of the world's population, are likely to issue general-purpose government cryptocurrencies in the next three years,” the report said.

 8,000 BTC, which were mined about 10 years ago, belong to Coinbase

Eight batches of 1,000 BTC each, which have been in motion for the first time since 2010, are owned by Coinbase or related companies. This version was published by the Goldfoundinshit Telegram channel. “Yesterday the next, eighth batch of 1,000 BTC, moved, which lay on the wallets broken by 50, has not moved since 2010. I have previously suggested that these bitcoins belong to Coinbase. Now I am absolutely sure of this, ” wrote the author of the channel. According to the results of the on-chain analysis, as before, 1,000 bitcoins were accumulated in tranches of 50 BTC at separate addresses from 20 wallets. “As you can see, first there is a consolidation of 20 wallets of 50 per address – 1,000 BTC then, this 1,000 is scattered in batches of 10 BTC into original ones, let's call them“ pockets ”for withdrawal. The same thing happened during the movement of the previous parties. Sometimes one or two transactions with large amounts of BTC went from a wallet with 1,000 BTC, apparently for some VIP users, ” the author noted.

[BestChange]

 Institutional investors prefer ETH

According to CoinShares, the inflow of institutional investors' funds into the crypto market in the first week of the second month of the year amounted to $245 million. 80% of this volume was invested in ethereum. Analysts believe large investors are starting to diversify their crypto portfolios. They transfer part of the funds from BTC to ethereum, and other coins. At the same time, nothing indicates profit-taking. Investors buy and save cryptocurrency. “We think that investors looking for diversification are becoming more comfortable investing in ethereum. The inflow of funds into bitcoin is gradually decreasing, ” analysts noted.

 Bitcoin tested the $48,000 level

The main crypto coin has updated the all-time high on the Binance crypto platform. It has risen above $48,000. During the day on February 9, the coin grew by 23%. Its market capitalization exceeded $892 billion. The value of BTC is breaking records amid news that Tesla has invested $1.5 billion in bitcoin. Representatives of the company said that in the "near future" it will accept payment in cryptocurrency. Well-known trader Peter Brandt wrote that despite the hype around digital gold, the uptrend in price "looks healthy compared to the end of 2017".

 Brian Brooks: Tesla's investment in bitcoin is awesome news

Former head of the Office of the Comptroller of the Currency, Brian Brooks said the information about Tesla's investment in BTC is exciting news. Although, the ex-official believes, for those who have not previously invested in cryptocurrency, "it looks somewhat alarming". “That's crazy, right? The way inflation works is the more of asset you have the less valuable it is. That would explain why a lot of institutions want to have bitcoin sitting in their treasury because it's a lot more stable source of value over the long haul, potentially, ” Brooks said.

[BestChange]

 Glassnode believes that "miners have reduced bitcoin sales, and investors are taking profits"

According to the research company Glassnode, miners have begun to accumulate reserves in bitcoins. Long-term investors, on the other hand, are trying to get rid of their assets in order to lock in profits. The Glassnode report says that in January, miners were actively selling almost all of the mined BTC, however, in February, the volume of sales decreased significantly. This could mean that miners are hoping for an increase in the value of bitcoin. “This suggests that miners have either completed adequate sales to cover costs, or could also mean they see Tesla's vote of confidence as fair reason to keep a strong grip on their treasuries," analysts say.

 Analysts: 5 services store more than 50% of cryptocurrencies that were obtained illegally

Chainalysis experts concluded that 55% of digital currencies that were obtained fraudulently or with the help of ransomware viruses are laundered through just 5 services. These services use about 270 unique deposit addresses. Analysts believe that the largest processors of illegally obtained crypto coins receive about $25 million a year. Serving such illegal transactions may be their main activity. Experts believe that suppressing the illegal activities of such deposit addresses will help shut down most of the infrastructure that now exists for laundering crypto assets.

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 OKCoin plans to delist Bitcoin Cash and Bitcoin SV

The largest cryptocurrency platform OKCoin has planned to delist Bitcoin Cash and Bitcoin SV. According to the CEO of Hong Fang, new users of OKCoin often come to invest in BTC, but by mistake, they buy BCH or BSV. Among other reasons for the failure of bitcoin forks - a controversial figure of the creator of BSV Craig Wright. The entrepreneur has already stated that it was he who created bitcoin. “This is not an easy decision. We had a choice and there is collateral damage, but we had to stand up for the bigger principle we believe in. On the one hand we feel very strongly about protecting the open-source ethos, but on the other, if we do something about it, that would conflict with our principle of being a neutral platform. We wouldn’t have changed that if it weren’t for Craig Wright posting these threats to the open-source dev community. We think these threats are very destructive to development and Bitcoin as a whole, "- Fang said.

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 NFT searches hit a record high

According to The Block Research, the number of searches for non-fungible tokens in the Google search engine has reached an all-time high. According to NFT Non-Fungible data for 2020, the industry has grown by 300% compared to the previous period, and the volume of this market has increased by about $ 250 million. The number of weekly users of NFT platforms also testifies to the growth of attention. Over the past week, it amounted to almost 400,000 people. Not only media and ordinary investors show interest in NFT, but also media personalities. Elon Musk previously announced his readiness to sell his NFT token for 420 million Dogecoin.

 A well-known financial consultant admitted that he was wrong with his bitcoin strategy

Stock market star Dave Portnoy wrote on his Twitter page that he made the mistake of selling his BTC too early. In his words, the investor did not understand the dynamics of the growth and fall of the most popular crypto coin. Earlier, the founder of Barstool Sports acquired BTC for $1 million. However, he quickly became disillusioned with this asset and sold bitcoins at a price below $12,000. “I want to congratulate all my bitcoin people out there. When you're wrong, you're wrong. I fucking paper-handed, sold it. I fucking can't take bitcoin, the ups and downs. I wish I had it. I took all my money and I put it in what I think I know, and what I can control. I don't know bitcoin. I fucked up, ”Portnoy said in his video message to crypto enthusiasts.

 JPMorgan: retail investors are more interested in bitcoin than institutional ones

Analysts at JPMorgan concluded that in the first three months of 2021, retail investment in BTC exceeded that of institutional investors. The latter began to buy less cryptocurrency. Analysts do not exclude that a decrease in the volume of investments from institutions may be one of the reasons that bitcoin could not stay above the $60,000 mark. According to JPMorgan, retail investors bought over 187,000 BTC, while institutional investors bought about 172,684 BTC. According to the Japanese investment company Mizuho Securities, about $40 billion of the $380 billion that American citizens will receive in the form of incentive payments can be invested in bitcoins and stocks.

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 Messari thinks ETH can get ahead of BTC

Ryan Watkins, senior analyst at analyst firm Messari, believes that ETH could displace BTC from the first place in the ranking of cryptoassets in terms of capitalization. This can happen after the transition to the second version of the Ethereum protocol. “The selling point of Bitcoin over Ethereum as a store of value asset boils down its monetary policy being very predictable and the Bitcoin blockchain being very secure. I think that with the shift to Eth2 and to proof-of-stake, [...] Ethereum may actually potentially be more secure than Bitcoin,” said Watkins. The analyst noted that a "massive and diverse" economy is based on the Ethereum blockchain. The actively developing direction of decentralized applications will attract new users faster than BTC, he is sure.

 Bank of America analyst: buying 1 BTC is "like owning 60 cars"

Bitcoin is useless as a store of value or payment instrument. The only reason to become a holder of BTC is its growing price. This is the opinion of analysts at Bank of America, whose report is called "Little Dirty Secrets of Bitcoin." One of the authors of the report, Francisco Blanch, is confident that BTC cannot be a safe-haven asset due to the fact that it is not tied to inflation and has serious volatility. The analyst pointed out that about 95% of bitcoins are held by the owners of 2.4% of wallets, and this may become an obstacle to the global introduction of the crypto coin. “As such, the main portfolio argument for holding Bitcoin is not diversification, stable returns, or inflation protection, but rather sheer price appreciation, a factor that depends on Bitcoin demand outpacing supply,” said Blanch.

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 Anthony Scaramucci: bitcoin will repeat Amazon's success

Anthony Scaramucci, the founder of the SkyBridge Capital hedge fund, is confident that in the long term, the main cryptocurrency will be able to repeat the success of Amazon. According to the entrepreneur, bitcoin volatility will gradually decrease simultaneously with the massive acceptance of this asset by society. “Amazon now, 20 years later, is trading with more stability. It got a very big pop because of the pandemic, but just take a look at its long-term chart, and I think that will happen to bitcoin,” Scaramucci said. The total number of bitcoins is limited to 21 million coins. According to CoinDesk, about 18.66 million coins have already been mined. At the same time, about 15.5 million are in circulation, since access to wallets from 15% to 20% is considered completely lost according to various expert estimates. Cryptocurrency proponents see this as one of the prerequisites for the price of BTC to rise as demand continues to outstrip supply.

 Federal Reserve is confident that CBDC will not replace fiat

The head of the US Federal Reserve System Jerome Powell expressed the opinion that digital currencies of central banks (CBDC) will not become a substitute for conventional money. CBDCs will coexist with them. According to Powell, not only the government, but also the private sector should be engaged in improving the global payment system. “CBDC needs to coexist with cash and other types of money in a flexible and innovative payment system,” said the Federal Reserve Chair. At the same time, experts from the Bank for International Settlements (BIS) conducted their research on the estimated future of global payments and the interaction of different CBDCs. BIS expects countries whose central banks will also start launching their CBDCs to continue to emerge, leading to interoperability issues between different digital currencies. Experts emphasize that CBDC will need to compete with those private stablecoins that already exist. In addition, the researchers announced the possible emergence of a global stablecoin, but whether it will be a digital dollar issued by the US Federal Reserve or another CBDC in BIS is not yet sure.

 Jack Dorsey sells an NFT tweet for $2.91M

Twitter founder Jack Dorsey sold his first tweet in the form of a non-fungible token (NFT) for $ 2.91 million. He promised to convert the proceeds from the sale into bitcoin and donate to charitable foundation GiveDirectly. On March 6, 2021, Dorsey put up a post for sale with the text " just setting up my twttr” " as an NFT. According to the auction data, the lot was bought by the founder of Bridge Oracle, Sina Estavi, but the founder of Tron, Justin Sun, also actively participated in the auction. Jack Dorsey is considered one of the most famous Bitcoin proponents. The cryptocurrency division of the company he founded and manages, Square, has repeatedly invested in bitcoin and financed the developers of the first cryptocurrency. Earlier, the Canadian analytical company NonFungible predicted the growth of the NFT market by several times in 2021.

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 ESMA warns of risks associated with BTC

The European Securities and Markets Authority believes that cryptocurrencies pose a certain threat. A new report from the agency talks about the risks of losing funds when investing in digital currencies, for example, in BTC. ESMA believes that some crypto assets are "very risky and speculative." And the lack of regulation really deprives investors of any guarantees and security. “Consumers must be alert to the high risks of buying and/or holding these instruments,” the report says.

 Ray Dalio says that the US may ban cryptocurrency

The famous American financier Ray Dalio spoke about the high probability of a ban on bitcoin in the United States. The entrepreneur drew a parallel with the decision of the authorities to confiscate gold from citizens during the Great Depression. “Every country treasures its monopoly on controlling the supply and demand. They [the authorities] don’t want other monies to be operating or competing, because things can get out of control, ”Dalio said. According to the billionaire, the first crypto coin has proven itself excellently since its inception. Bitcoin has quite a few fans, and its blockchain has not been hacked. “It is an alternative, in a sense, store hold of wealth. It’s like digital cash. And those are the pluses,” concluded Dalio.

 President of Microsoft Corp. spoke out against digital assets

IT companies do not need to issue currencies, the authorities should be engaged in this. This point of view is shared by the President of Microsoft Brad Smith. “The money supply almost uniquely needs to be managed by an entity that is responsible to the public and thinks really only about the public interest, and that means governments,” said the top manager of the company. Earlier, Microsoft announced the launch of a decentralized identifier network powered by the BTC blockchain. It was reported that the solution will allow the creation of DIDs and can be used on social networks.

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 PayPal users will be able to pay with cryptocurrency at 29 million points of sale

In the near future, PayPal customers will be able to pay for their purchases at 29 million retail outlets using cryptocurrency. For purchases, one will be able to use BTC, ETH, as well as Bitcoin Cash and Litecoin. At the time of payment, PayPal users will be able to convert crypto coins to fiat. "This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet," said CEO of the company Dan Shulman. PayPal has no plans to charge a transaction fee when placing an order using digital currencies. Only one type of cryptocurrency can be selected for each purchase.

 Cryptanalyst: Selling BTC now is crazy

Well-known crypto enthusiast and analyst Willy Woo believes that now it’s not a good time to sell bitcoins. He is confident that this year will be a year of "insane optimism" for BTC, as the current rally is in its "final explosive phase." “You’d be crazy to sell right now. There’s more buying the dip than ever seen before, a new record for 2021 and we know the person that’s buying the dip is Rick Astley and he’s not going to let us down,” Woo said jokingly. He also stated that the cryptocurrency is currently "at the bottom", so Woo is "building up his long positions."

 Visa will process payments in USDC stablecoin

Visa payment system has launched a pilot program in collaboration with cryptocurrency company Crypto.com. According to the company, the pilot program will allow USD Coin (USDC) to be sent directly to Visa Ethereum addresses. Anchorage digital bank will become Visa's settlement agent when working with USDC. The company has taken the development of this direction seriously. In December last year, Visa already connected its global network to USDC and announced the release of a card with support for payments in stablecoin. In February, the company began testing a set of application programming interfaces (APIs) that will allow traditional bank customers to buy and sell digital assets. “We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers," Cuy Sheffield, head of crypto at Visa, said. In the future, Visa plans to process payments in central bank digital currencies (CBDC). Visa CEO Alfred Kelly said earlier this month that the company aims to reach out to stablecoins as well as Bitcoin and other cryptocurrencies. “We're trying to do two things. One is to enable the purchase of Bitcoin on Visa credentials. And secondly, working with Bitcoin wallets to allow the Bitcoin to be translated into a fiat currency and therefore immediately be able to be used at any of the 70 million places around the world where Visa is accepted, "Kelly said. The new program at Visa is described as a “small step” for the payment platform, but “a giant leap” for the proliferation of digital assets.

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 Elon Musk wants to send Dogecoin into space

The head of SpaceX, Elon Musk, wrote on his Twitter page that he intends to send a crypto coin to the moon. After that, the token went up in price by 30%. "SpaceX is going to put a literal Dogecoin on the literal moon," the entrepreneur wrote, without elaborating on the details of his plan. SpaceX's lunar mission is set to take place in 2023. However, users note that Musk's statement may be an April Fool's joke, so you shouldn't take it seriously. As of April 1, according to CoinDesk, the DOGE price is at $0.069. Before Musk's tweet, the coin was worth about $ 0.054.

 Total crypto market capitalization sets new all-time high above $1.9T

Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just under $2 trillion. The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko and CoinMarketCap. The total market cap reached as high as $1.99 trillion earlier on the day, hitting a new all-time record. In hitting its new historical high, the total crypto market capitalization has overtaken the market cap of oil and gas giant Saudi Aramco, the world’s second most valuable company by market cap after Apple. According to data from TradingView, Saudi Aramco’s market cap amounts to about 7 trillion Saudi riyals, or $1.86 trillion at the time of writing. After surpassing the market cap of Google stock at above $1.4 trillion in February, the total crypto market cap has continued flipping the world’s largest companies including Amazon and Microsoft. At publishing time, Amazon and Microsoft’s respective market capitalizations are $1.5 trillion and $1.7 trillion.

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 After listing, Coinbase turned out to be more expensive than NASDAQ, on which it was listed

On April 14, trading in shares of the cryptocurrency platform Coinbase began on the NASDAQ. After the start of trading, the share price rose to $381 at the set reference price of $250, and after a while the securities rose in price to $429. By the end of trading, Coinbase's capitalization reached $86 billion. As of April 15, the share price on the US premarket hovered around $344. On Thursday, at the premarket, the crypto platform's securities rose 11% to $365. At this rate, Coinbase is even more valuable than Nasdaq and the Intercontinental Exchange, which owns the New York Stock Exchange, combined. The media compared the placement of the company of Brian Amstrong and Fred Ersam to the "debutante ball" of the crypto business.

 Ethereum has been hardforked

Today, April 15, a hard fork “Berlin” took place on the Ethereum mainnet. Due to this, the algorithm for calculating the amount of commissions for transactions within the network has been changed, and new types of transactions have been introduced. The hard fork took place at block # 12,244,000. Many community members supported the event as it can have a positive impact on the Ethereum price. According to Coinmarketcap, the price of ETH has increased by more than 21% over the past 7 days. On the eve of the hard fork, the price of the crypto coin has renewed its historical maximum and reached $2,441.

 Bitcoins stolen from Bitfinex users moved to unknown addresses

Yesterday, April 14, about 10% of the bitcoins stolen in 2016 from the Bitfinex crypto exchange started moving. About 12,200 BTC were moved to unknown addresses. Their total cost is estimated at about $770 million. “We believe that the BTC transfers started during the trading for Coinbase's direct listing. The media shields allows them to at least get less publicity, considering there are fewer people tracking their movements or reporting it ... everyone's focused on the Coinbase listing,” says research analyst at Trade the Chain Nick Mancini. And Cinneamhain Venture partner Adam Cochran noted that "the bitcoins stolen from Bitfinex are the most tracked and blacklisted ones around the world." “No exchange will process them. They can basically never be cashed out,” the crypto enthusiast is confident.