The Crypto Round-Up: April 14th, 2021

Paypal Founder: Bitcoin is China’s Financial Weapon

We have heard and read from the news that two-thirds of cryptocurrency mining in the world takes place in China. China’s involvement in Bitcoin has risen suspicion to Paypal’s Founder, Peter Thiel. He commented in a virtual event that BTC is a threat to fiat currency especially the US dollar. Read more

Ripple’s Lawyers Highlighting the SEC’s Inconsistency

The US SEC was requested to provide its external and partially internal documents about the classification of Bitcoin and Ethereum as non-securities. Magistrate Judge Sarah Netburn has made a decision which was in favor of Ripple that has led to a possible early settlement of the case and for Ripple’s fair notice defense. Moreover, there were documents also presented by Ripple’s attorneys highlighting the SEC’s inconsistency. These documents were from third parties that have met the SEC for a “guidance” asking “whether XRP must be treated as a security”. Read more

Ethereum on its All-Time High

The second-largest digital currency, Ethereum, has jumped by nearly 3% on Monday. It has reached its all-time high with a $2 197 price. Ethereum has now crossed the $250 Billion market cap which makes the highest value recorded. ETH is now considered more valuable than the largest US Banks, Wells Fargo, and Goldman Sachs. Read more

Google Joins the NFT Hype

Bringing the NFTS to mainstream adoption, Google Cloud Marketplace is partnering with Origin to create and sell Non-Fungible Tokens. The transactions will be made in Origin’s e-commerce platform known as Dshop. This platform allows users to create and manage businesses on a decentralized platform. Read more

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