Surging prices, anticipation, and steady coin interest round out today’s headlines.
Coinbase Shares “COIN” to Trade on NASDAQ from Apr 14
Coinbase shares, COIN, will begin trading on NASDAQ—a tech-centric bourse in the United States in less than two weeks.
Coinbase—one of the oldest crypto exchanges backed by high-profile venture capitals, in an announcement on April 1, said its registration statement on Form S-1 with U.S. SEC was declared effective on Apr 1. Consequently, it paved the way for trading its “Class A” common trading stock on NASDAQ’s Global select market.
Industry leaders, including Michael Saylor—the CEO of MicroStrategy, said COIN’s listing would further help accelerate institutional adoption and catalyze a “host of complementary industry initiatives.”
Meanwhile, more BTC continues to flow from Coinbase.
12k #Bitcoin outflow from Coinbase in a single block registered by Cryptoquant.
Glassnode shows nothing yet, though. pic.twitter.com/aipEC0Tmx1
— Lex Moskovski (@mskvsk) April 1, 2021
Bitcoin held at exchanges has plunged in recent days to just over 2.4 million, as both institutional and retail investors pounce on the coin.
Filecoin (FIL) Prices Crashing on April fool’s day
Filecoin prices, after a quick expansion above $230, crashed on Fool’s day.
— Coinalyze (@coinalyzetool) April 1, 2021
Filecoin is popular in China.
Creators aim to create a decentralized data cloud storage system. Participants (miners) receive FIL for offering hash rate and helping secure the network.
FIL is down to 13th in the market cap leaderboard but up 110 percent against the greenback week-to-date.
Analysts expect the coin to, nonetheless, shake off bears and cement its position in the top-10 despite liquidation concerns.
Filecoin has a Fully Diluted Marketcap of 417 BILLION. This is higher than Disney, Walmart, Mastercard, basically every company you can think of’s marketcap.
DO NOT buy it.
— Charles (@Charles02411212) April 1, 2021
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