Latest Market News
Bitcoin is finally back above the $50,000 level after surging 5.5% over the past seven days of trading. If it can remain above $50,000 this week, we might see some positive growth within the overall market.
The contentious Ethereum Improvement Proposal EIP-1559 has been greenlit for inclusion in Ethereum’s upcoming London hard fork, which is scheduled for July. EIP-1559 was approved as part of the London hard fork during a meeting of Ethereum core developers held on March 5.
As we move through the third month of the year, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that could strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
There has been a lot of talk in the media and among politicians about the imminent and seemingly unavoidable recession over the last couple of years. The doom and gloom forecasts for the future of the economy have gained even more traction in the last 12 months, with countries around the world being forced to take on large amounts of debt to finance economic relief programs.
Per a recently released court transcript, former BitMEX CEO Arthur Hayes could surrender to U.S. authorities on April 6. Prosecutor Jessica Greenwood told judge John Koeltl that Hayes is currently living in Singapore, and that they have been discussing with his counsel about arranging a voluntary surrender on U.S. soil.
China-based research platform Hurun has published its latest Global Rich List, which contains 17 billionaires from the cryptocurrency and blockchain industry. In total, Hurun identified 17 blockchain billionaires. According to Hurun’s estimations, the wealthiest person in the blockchain industry is Brian Armstrong, the founder and CEO of the Coinbase cryptocurrency exchange.
TRON is continuing its push into DeFi, announcing a partnership with non-custodial predictions platform Prosper. Prosper is currently live on Binance Smart Chain – thanks to the strategic partnership, however, it will also be expanding to TRON and giving TRX holders the ability to use TRX for making predictions on the Prosper platform.
Chainlink climbed by 6% today, allowing the cryptocurrency to push back above $30 and reach $31. Chainlink had reached a new ATH price at $37.37 during February but started to head lower from there.
Kevin O’Leary, the U.S. investor best known for his role in the Shark Tank TV show, has changed his tune on Bitcoin. After previously calling Bitcoin "garbage" and a "useless currency", O’Leary now says he has allocated 3% of his portfolio to the world’s largest cryptocurrency.
Canadian musician Grimes has sold around $6 million worth of NFTs created in collaboration with visual artist Mac Boucher. The NFTs were sold through the Nifty Gateway marketplace.
