Good morning. Welcome to Tuesday Trades, part of our new series: BitPinas Daily. We will look at the price of Bitcoin, Ethereum and the major cryptocurrencies. Crypto is global, but sometimes news that matters happens while we sleep. So we bring to you what’s happening in our space here and abroad.
Market Price as of March 23, 2021:
Bitcoin closed March 22, 2021, at $54,370 per BTC. We’re down 1.7% in the last 7 days and up 96% since the year began. This is also 11.9% below the all-time high of $61,711, which was hit on March 13, 2021.
Bitcoin’s market capitalization stands today at $1,021,781,038,091 which is 58.22% of the entire cryptocurrency market. The entire crypto market, by the way, now has a market cap of $1,751,990,172,017 (-2.5%).
On the table above, there’s the cryptocurrency SLP. If you wonder what that is, check out this article: Playing Axie Infinity vs Minimum Basic Salary in the Philippines.
Twitter CEO Jack Dorsey Sells NFT of First-Ever Tweet
Jack Dorsey minted the first ever tweet on Twitter as an NFT on Cent, an Ethereum-run service. Bid has skyrocketed, and today, we learned Jack accepted a bid of $2.9 million from an investor who goes by the name of @sinaEstavi.
Time Magazine Releases NFT of Magazine Covers, Hiring a CFO who understands Bitcoin
Available on the SuperRare marketplace, the auction will be open until March 24, at 8 pm ET.
These are the three magazine covers being released as NFT:
- One is inspired by “Is God Dead?” cover from April 8, 1986. Time said it was the first cover to include only Text.
- Next is “Is Truth Dead?” cover from April 3, 2017
- “Is Fiat Dead” is an exclusive in the series and has not been published before.
A job listing on Linkedin from Time said it is seeking a Chief Financial Officer who is comfortable with “Bitcoin and cryptocurrencies.”
People’s Bank of China: Completely Anonymous CBDC is Not an Option
“Mu Changchun, the head of the Chinese central bank’s Digital Currency Research Institute, said in a forum on Saturday that the so-called “controllable anonymity” is at the core of China’s digital yuan design.”
“The precondition of CBDC’s anonymity is it being risk-controllable and limited. A fully anonymous CBDC is not practical,” Mu said. He added that the controllable anonymity is also based on international consensus. Any design that doesn’t satisfy anti-money laundering, anti-terrorism financing and anti-tax evasion purposes will be simply vetoed, he said.
Read more from The Block.
Microsoft Polls Users on Bitcoin Payment for Xbox
Following CFTC Fine, Coinbase Delays Direct Stock Listing
The Commodity Futures Trading Commission has announced that Coinbase agreed to pay $6.5 million to settle with the regulator over allegations on how it recorded trades on Coinbase’s GDAX platform from 2015 to 2018. GDAX is now known as Coinbase Pro.
“The agency points in particular to activity related to two in-house software programs used by Coinbase known as the Hedger and Replicator. The CFTC alleges that, in some instances, those software programs effectively traded with each other, which may have served to artificially inflate prices and trading volumes on the GDAX platform.”
Read more on this issue here.
Following this, a report emerged that Coinbase is set to delay its public listing. “Citing “people familiar with the matter,” Bloomberg said that the plans for a March stock offering on American exchanges has “slipped,” and no further details were provided,” Cointelegraph reported.
What else is happening
- California Seeks to Make Blockchain Corporate Records Bill Permanent
- Mining firm aims to go public through merger with Nasdaq-listed company
- Google searches for ‘Uniswap’ are booming
This article is published on BitPinas: Time Magazine Releases NFT of Magazine Covers (March 23, 2021)