Major news and quotes of the largest cryptocurrencies.
Coinbase reports a sharp increase in profits
The American cryptocurrency exchange Coinbase has reported its earnings for the first quarter of 2021. The indicator was $ 1.8 billion, profit – 730-800 million. The growth of indicators compared to the previous quarter is 207.6% and 312.9%, respectively. The information was released ahead of the planned listing of Coinbase on the US stock exchange NASDAQ, which is expected to take place on April 14. During the reporting period, trading volume on Coinbase was $ 335 billion. For comparison, in the fourth quarter of last year it was 89 billion. Coinbase estimates the number of verified clients at 53 million, and monthly active clients – at 6.1 million. Compared to the latest reporting, the figures increased by 13 million and 3.3 million, respectively. Coinbase has $ 223 billion in assets, of which $ 122 billion is related to institutional investors. The Block analyst Larry Cermak notes: “As I expected, their first quarter earnings surpassed all of 2020.”
Bitcoin hashrate has updated a record level
The aggregate amount of computing power in the bitcoin network has updated its all-time high at 179.4 EH / s. On April 2, a recalculation of the difficulty of bitcoin mining took place, and the indicator grew by 5.82%, reaching 23.14 T. The technical director of the Luxor mining pool, Ethan Vera, said that high prices for bitcoin and a shortage of chips made it profitable to mine even on ASIC devices in 2014 … He explained: “Many miners are now operating at 85% margins. There is practically no unprofitable equipment. “
The court ordered the SEC to disclose documentation about bitcoin and ether for Ripple
Justice of the Peace Sarah Netburn granted Ripple’s motion. Now the US Securities Commission (SEC) is obliged to provide the blockchain company with documents revealing the “interpretation and views” of the regulator regarding bitcoin and ether. Ripple will have access to meeting minutes and office documents. E-mail correspondence between SEC employees is not subject to disclosure. Note that the regulator can challenge the decision. Matthew Solomon, legal advisor to Ripple CEO Brad Garlinghouse, believes that such a turn of events could be the reason for the dismissal of the SEC’s claim. In January, Ripple filed a petition and asked for information on why the agency does not classify ether as a securities. According to the blockchain company, the release of such information should demonstrate the baselessness of the SEC’s accusations.
The total cryptocurrency market capitalization at 17:25 is $ 1,912,886,777,194. Trading volume in 24 hours was $ 220,936,952,021
- Bitcoin fell 3.26% to $ 56,847.25
- Ethereum fell 4.96% to $ 2010.25
- Binance Coin Falls 1.91% To $ 386.86
- Tether up 0.17% to $ 1
- Polkadot has fallen in price by 7.57% to $ 40.57
The best growth among the top 100 cryptocurrencies was shown by: Qtum (+ 24.72%).
- Bitcoin: $ 0.332 for 1 TH / s
- Ether: $ 0.134 for 1 MH / s
- Binance Coin: $ 0.374 for 1 TH / s
- Tether: $ 5.714 for 1 GH / s
- Polkadot: $ 0.0414 for 1 GH / s
You can find a complete list of ongoing and expected ICOs at the link.