This was very busy week in crypto: one day before the Coinbase direct listing, BTC and ETH hit their new all-time highs, and dogecoin led the market, soon landing on the 8th spot by market capitalization, while many industry insiders saw the listing as a bullish event for the crypto space and for DeFi. Over 1,700 employees have been given 100 shares, and then the exchange finally went public, and on to test various crypto narratives. As Ethereum ran into issues in Berlin, Ethereum fees dropped with some analysts pointing to bots as a cause, and BNB rallied, but several other CEX coins jumped even more, and then BNB dropped. Luno reached 7m users, saying it’s on track to hit 1bn by 2030, and Kakao reportedly owns “around” 23% of Dunamu. Meanwhile, as Bitcoin Taproot nears, some privacy concerns are raised.
And then – Turkey banned crypto payments! While that’s been developing, the SEC’s ‘Crypto Mom’ updated her token safe harbor proposal, an attorney indicated that a settlement is the most likely outcome in the Ripple vs. SEC case, and then XRP doubled as Ripple’s bosses scored another legal victory, while USD 620m worth of XRP traders’ overleveraged positions were liquidated in two days. Also, COPA is filing a lawsuit against Craig Wright over his copyright claims to the Bitcoin whitepaper. The US IRS said that bitcoin cash received from the Bitcoin hard fork in 2017 is taxable gross income, and a South Korean city is set to go to war with tax evaders, with crypto seizures on the table, while some exchanges are delaying withdrawal requests. HSBC banned the InvestDirect users from purchasing MicroStrategy stock, and the Moscow Stock Exchange teamed up with banking and card payment processing firms to co-create a “blockchain operator”.
The New York Stock Exchange surprised the Cryptoverse a bit when they decided to launch the NYSE First Trade NFTs on Crypto.org Chain, and as the NFT gravy train may be running out of steam, GameStop may take the NFT plunge, while BTC and NFT adoption was on the menu for America’s Time magazine.
Let laugh at some jokes now.
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Heey, Crypto Twitter, a sat for your thoughts.
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This week’s historical crypto event.
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Run, Bitcoin, Run!
— Hasan Mevci Kum (@hasanmevcikum) April 16, 2021
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Let’s see what BTC might do next week.
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ETH holders celebrating.
Me at every Christmas going forward after consistently telling my family to buy $ETH every Christmas since $20. https://t.co/MDDMaBKnGG
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A serious bed.
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And then:
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Ethereum had some issues this week, but the devs fixed it.
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And how are our DOGE holders feeling?
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And how we’re feeling.
Me avoiding all the random people shilling me their shitcoins on my feed https://t.co/ZgQlyl7clk
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Solid.
— Mira Christanto (@asiahodl) April 16, 2021
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Much moon.
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Very much moon.
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The Commander of Hodlers.
My name is Bitimus Maximus Stacksatius from r/Bitcoin
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The Commander.
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What stage are you at?
HODLer ‘s Life in 20 secs from r/Bitcoin
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It’s live feed. You get it? Live. Feed…
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Something to learn.
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Don’t hurt him!
this is the blockchain version of microsoft clippy and he helps you create a new token but he’s broken inside becau… https://t.co/3BdrETmIYm
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And your crypto weekend guide. Enjoy.
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