Crypto Weekly Summary April 11-18

Bitcoin Signal

Crypto Weekly Summary April 11-18

  • Bitcoin $ 8000 drop
  • The fall of other digital currencies
  • AgeUSD will be Cardano’s first StableQueen
AgeUSD is a type of Stablecoin algorithm that will soon be introduced in the Cardano blockchain. The ADA, the Cardano Foundation’s native token, is currently the seventh most valuable currency in terms of market value. AgeUSD is the first stable token to be released on the network blockchain. The stable is the result of a partnership between Cardano Supporter Input-Output Global, blockchain company Emurgo and the Ergo Foundation, which is responsible for developing AgeUSD.
  • Three Atrium ETF funds approved in Canada
The crypto space in Canada seems to be growing rapidly, as in addition to the approval of three mutual funds in the Bitcoin ETF earlier this year, Canada has approved three more ETFs for Atrium. These ETF funds make it possible for everyone to trade the crypto market’s second-highest cryptocurrency through the Toronto Stock Exchange (TSX).
These ETF funds represent the three companies Evolve ETFs, Purpose Investments and CI Global Asset Management. It should be noted that Purpose and Evolve have already listed their bitcoin ETFs on the Canadian Stock Exchange. The Atrium ETF funds will officially start operating next Tuesday.
  • $ 600 million BNB token was burned
By burning more than $ 600 million of its native token, the BNB creates benefit in another uptrend. Binance, the largest cryptocurrency exchange in terms of trading volume, has successfully completed its 15th quarterly token burning. Token burning means the permanent removal of a number of coins or tokens circulating within the network of a currency code. This method guarantees a permanent reduction of the total supply in that market of the currency code.
  • Atrium crossed the $ 2,500 resistance and recorded another historic high
  • Atrium Berlin Hard Fork activated

The new Atrium hard fork, called Berlin, was activated last night in block number 12,244,000. Hard Fork Berlin is an update that consists of four proposals or plans to improve the Atrium network, called EIP for short. These plans reduce the cost of gas and support new transactions. The Berlin Update is a launching pad for the larger and more important London Hard Fork, which supports the controversial EIP-1559 update with the controversial Atrium Network fee.

  • Binance supports Coinbase stock tokens
Binance has announced that it will support its exchangeable token (COIN) after the initial public offering of Coinbase. This action allows users to buy and sell a fraction of the company’s shares if they wish. Shares of the large Coinbase exchange will be listed on the Nasdaq for public access, an event that some believe is a milestone in the crypto space. The Nasdaq exchange offered each Coinbase exchange share, known as COIN, with a base price of $ 250, the approximate value of these shares is worth a total of $ 64 million.
  • Doge Coin experienced an 80% price increase in the last 24 hours
Doge Coin, the favorite currency of Elon Musk and Snoop Dogg, has experienced an 80% price increase in the last 24 hours, reaching $ 0.14.
  • Offering of CoinBase exchange shares in the midst of bitcoin rise; Nasdaq market in the spotlight
Coinbase Exchange, the largest cryptocurrency exchange in the United States, is today becoming the first cryptocurrency company to be publicly listed on a US stock exchange.The offering of shares of CoinBase provides a new way for investors to invest in Bitcoin and other aspects of the cryptocurrency market. It is also an important step in the path of acceptance and development for the cryptocurrency industry.Many people have been waiting for this event for a long time and finally the promised day has arrived.
Last week, Coinbase Exchange released its first quarter 2021 report, which showed that the exchange’s revenue in this period increased by 800% compared to the previous quarter and reached $ 1.8 billion. The figures show that the company’s net income during this period increased to between $ 730 million and $ 800 million; That means more than double the total revenue for 2020.
  • Launching Tesla stock traded tokens in Binance Exchange
Binance Exchange will now allow its users to purchase token shares of Tesla using the BUSD currency code.
Binance Exchange announced yesterday that it has launched the Boinance stock tokens market, which is a zero-fee market for buying digital stocks of corporate stocks and making a profit from them. The first token stock on the platform is the stock of Tesla, the maker of electric vehicles. Users can buy a fraction (at least one hundredth) of this stock, which is currently priced at $ 700. Tesla’s token stock price is based on the BUSD currency code, a stable currency pegged to the US dollar and offered by Paxos Trust.
Amirhuseyn Sadeghi, Bitcoin Signal Analyst