🗞 Daily Crypto News, April, 2nd💰

about 3 years ago

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

🗞 Market Wrap: Bitcoin Stuck Below $60K; Cardano’s Sixfold 1Q Gains Led CoinDesk 20

Bitcoin (BTC) trading around $58,916.75 as of 20:00 UTC (4 p.m. ET). Slipping 0.02% over the previous 24 hours.

Bitcoin’s 24-hour range: $57,973.35-$59,458.98(CoinDesk 20)

BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians.

Ether and other altcoins

Ether has outperformed bitcoin in the past 24 hours, which could be “a signal of crypto asset rotation,” according to OKCoin’s Lau.

Alternative cryptocurrencies mostly outperformed during the first quarter, based on CoinDesk 20 data. While bitcoin logged an extraordinary 102% return, that level of performance was only good enough for 14th place in the CoinDesk quarterly ranking.

🗞 Bitcoin Mining Revenues Hit Record $1.5 Billion in March

Bitcoin mining revenues are up.
*Profitability remains high as well.

Bitcoin miners claimed over $1.5 billion in Bitcoin block rewards and fees last month, according to a recent report from blockchain analytics company Arcane Research.

Though mining revenue decreased toward the tail end of the month as trading volume settled down, the monthly tally still constitutes a record.

The final figure is roughly in line with projections from mid-March, when blockchain data firm Glassnode reported that miners were taking home $52.3 million per day. Revenue reached a record $64.7 million on March 14, the day after Bitcoin’s price peaked at its new all-time high of $61,683.

Currently, miners receive a block reward of 6.25 BTC, with a new block mined every 10 minutes or so. What might be startling is that the block reward used to be higher. From July 9, 2016 until May 11, 2020, miners earned 12.5 BTC for every block mined. For the four years before that, it was 25 BTC, and for nearly the first four years of Bitcoin’s existence, block rewards were 50 BTC.

🗞 Filecoin Surges 42%, Replaces Litecoin as 9th Largest Digital Asset

Decentralized storage network Filecoin’s FIL token has entered the list of top 10 coins thanks to increased institutional demand.

FIL is trading near $217 at press time with a market capitalization of $13.72 billion, having printed a record high of $220 early Thursday, as per data source Coingecko.

The cryptocurrency has surged by 42% in the past 24 hours and 150% in seven days, replacing litecoin (LTC) as the ninth-largest digital asset by market capitalization.

Inflows into the Grayscale Investments' Filecoin Trust picked up the pace on Thursday, lifting the cryptocurrency higher.

The trust has raked in 45,500 FIL tokens since the launch on March 17, of which 29,550 were added today, data provided by bybt.com shows.

🗞 Coinbase To Go Public on April 14, Announce Q1 Earnings Beforehand

Coinbase's direct listing is set for April 14.

The company plans to publicly share its Q1 2021 earnings results a few days beforehand.

The results will provide new guidance on the price of Coinbase shares before they hit the market.

Cryptocurrency giant Coinbase announced on Thursday that its highly anticipated direct listing will happen on April 14. The company also disclosed it will share its Q1 financial results eight days beforehand, on April 6.

The plan is unusual, and significant because the results will arrive just days before the company offers its shares to the public, and will thus add new guidance for investors looking to determine how much Coinbase shares should be worth.

The announcement comes weeks after Coinbase published its 2020 financial results as part of a mandatory S-1 regulatory filing ahead of going public. Those results showed the company earned a profit of $322 million in 2020 on revenues of more than $1.2 billion—a major jump over 2019, when Coinbase lost $30 million on revenues of $522 million.

Link to the event and their corporate events website: https://investor.coinbase.com/overview/default.aspx

🗞 Daily Crypto Calendar, April, 2nd💰

DSLA Protocol (DSLA)

"All set for 04/02, slightly behind schedule. With this final test, the $DSLA mainnet operations are finally coming to an end:"

Ankr (ANKR)

"Stay tuned for Friday, 2nd of April for ANKRs launch into the world."

Bogged Finance (BOG)

"BogTools Limit Orders is launched for Key Pancakeswap Pairs"

Bitcicoin (BITCI)

"XT Will List BITCI. Trading Pairs: BITCI/BTC. Withdraw & Trade : 16:16 April 2, 2021 (UTC+8)."

CyberFi (CFI), Samurai (SAM)

"ARTX... will collaborate with Samurai in their upcoming IDO token offering on April 2nd, 2021."

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