Week in review: Apr 30, 2021 — ETH Hits an All Time High and Dogecoin Surging
Ethereum hit a record high this week stealing some of Bitcoin’s limelight as a European investment bank issued its first ever digital bond on the Ethereum blockchain. The infamous meme-inspired crypto, Dogecoin, surges 20% after Elon Musk and Mark Cuban posted tweets! Is it all speculative? Read the weekly round up below.
CNBC: April 29, 2021
The world’s second-largest digital currency by market value surged to a fresh record of $2,800 on Thursday morning, according to data from Coin Metrics. Bitcoin, the top digital coin, was slightly lower at a price of $54,471.
Decrypt: April 28, 2021
In Germany, new legislation enabling managers of the most popular institutional investment funds — the so-called Spezialfonds — to allocate 20% of them to crypto-assets is set to come into force on July 1.
CoinTelegraph: April 30, 2021
In an announcement on April 29, Fidelity Investments — which has $10 trillion assets under management — unveiled a digital assets data and analytics solution to assist institutional investors and fund managers.
CNBC: April 28, 2021
Dogecoin’s price has soared 20% in the last 24 hours to 32 cents, according to data from Coin Metrics. The meme-inspired cryptocurrency hit a record high above 45 cents earlier this month, sparking fears of a potential bubble in the crypto market.
BNN Bloomberg: April 26, 2021
Tesla Chief Financial Officer Zachary Kirkhorn said Tesla values Bitcoin as a way to store cash while preserving liquidity, especially with traditional investment yields being so low.
Bitcoin.com: April 29, 2021
Noting that bitcoin is “more of a crypto commodity than currency,” JPMorgan said that “ETH is the backbone of the crypto-native economy and therefore functions more as a medium of exchange.”
Coindesk: April 30, 2021
The cryptocurrency was trading around $54,000 at the time of writing after holding support around $52,000. The short-term trend is improving, although there is strong resistance around $56,000 and $58,000 that could limit upside into the weekend.
Decrypt: April 30, 2021
The Ultimate Fighting Championship (UFC) is the world’s premier MMA promotion‚ and it’s poised to start selling NFTs. The UFC has filed two trademarks. The applications were first noticed by Josh Gerben, founder of law firm Gerben Intellectual Property.