Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!
🗞 Bitcoin Eyes Record Highs as Market Cap Bounces Back Over $1T
Bitcoin is marching north toward record highs once more, having shown resilience in the face of a rallying U.S. dollar in recent days.
“While many were concerned about the USD strength and a turbulent macro market, BTC has continued to break recent highs,” Matthew Dibb, COO and co-founder of Stack Funds, told CoinDesk. “We believe the risk-off correlation between these markets is slowly unwinding, and the cryptocurrency could challenge record highs.”
A convincing move above resistance at $52,666 has put within reach the record high of $58,332 hit on Feb. 22.
“There are other positive signs on the technical chart,” Patrick Heusser, head of trading at Swiss-based Crypto Finance AG, said, while drawing attention to a breakout above the Ichimoku cloud red line – a technical analysis tool used to help identify support and resistance levels and other essential information such as trend direction and momentum.
Futures listed on major exchanges are trading at a considerably lower premium to spot market prices compared to the record spread seen in mid-February when bitcoin reached new highs above $58,000. The peak premium represented excess bullish leverage, which has been cleared by the pullback to sub-$50,000 seen at the end of last month.
🗞 Ethereum Devs Confirm Berlin Hard Fork Date
- Ethereum’s Berlin hard fork has been scheduled for mid-April.
- It will introduce several important improvements to the cryptocurrency’s underlying protocol.
Ethereum's long-anticipated Berlin upgrade is set to land in mid-April, with the first testnet upgrade due this week, according to a blog post by the project's protocol support lead Tim Beiko.
The Berlin upgrade is scheduled to be activated on the mainnet at block 12,244,000, which is expected to fall on April 14—however, because the actual block time production can vary, the exact timing might change.
What does the Berlin upgrade do?
The upcoming hard fork is intended to help the Ethereum network by optimizing the usage of gas fees, and mitigating against possible Denial of Service (DoS) attacks.
Before being activated on the mainnet, the Berlin upgrade will first go live on testnets–Ropsten on March 10, followed by Goerli and Rinkeby on March 17 and March 24 respectively.
🗞 Coinbase Valuation Nears $100B Ahead of March Nasdaq Listing
Private trading of Coinbase Global Inc. shares last week indicated a $90 billion valuation ahead of the firm’s imminent public listing, according to a report from Bloomberg on Tuesday.
Citing people familiar with the matter, the news source said shares changed hands for $350 apiece last Thursday via a Nasdaq Private Market auction.
Bloomberg’s sources said some shares had reached as high as $375 apiece, which would place the company value at around $100 billion – a sum previously suggested by Lex Sokolin, CoinDesk columnist and global fintech co-head at ConsenSys.
🗞 Norwegian Oil Billionaire Says BTC Could Be Worth Millions of Dollars Each — Puts Liquid Company Assets in Bitcoin
Billionaire Kjell Inge Rokke’s company, Aker, has established a new business dedicated to bitcoin. Rokke believes that bitcoin could “become the core of a new monetary architecture” and each coin could be “worth millions of dollars.” His new company “will keep all its liquid investable assets in bitcoin.”
Norwegian Public Company Gets Into Bitcoin
Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap into the potential of the cryptocurrency.
Listed on the Oslo Stock Exchange, Aker is a Norwegian holding company engaged in offshore fishing, construction, and engineering. Established in 2004, the company is controlled by Rokke with 67% ownership through TRG Holding.
We will use bitcoin as our treasury asset and join the community. In bitcoin speak, we will be hodler.
Rokke further opined:
Bitcoin may still go to zero. But it can also become the core of a new monetary architecture. If so, one bitcoin may be worth millions of dollars.
🗞 Daily Crypto Calendar, March, 9th💰
- NEM (XEM)
"We are excited to share the new liquidity mining campaign on Kucoin with Hummingbot, starting 9 March. "
- RioDeFi (RFUEL)
"Enjoy a 50% APR by staking $RFUEL on Pool-X. Hurry up, the 4th round is running until March 9th!"
- FIO Protocol (FIO)
"We'll be having a Telegram AMA session with @joinFIO on Tuesday, March 09th (3 p.m. UTC)."
- MANTRA DAO (OM)
"Pool will go live on March 9th @ 1:30PM UTC and will last for 30 days"
- DAO Maker (DAO)
"We Are Honored to Announce that DAO Maker Will be Listed on XT. Trade (DAO/USDT): 16:16 March 9, 2021 (UTC+8)."
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