Coinbase frenzy, DOGE dazzles and other news

Coinbase gets off to a rocky start as it lists on the Nasdaq

View this email in your browser One week in review:  April 11–17 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: #1. Coinbase gets off to a rocky start as it lists on the Nasdaq It was billed as a "watershed" milestone for cryptocurrency — the industry's "Netscape moment." This week, Coinbase made its stock market debut. There was no shortage of excitement in the run-up to Wednesday's direct listing on the Nasdaq, with Bitcoin rallying to $64,863.10 before the open. COIN's reference price was set at just $250, with all 1,700 staff pocketing 100 shares each. In true crypto form, it was a volatile debut. Coinbase's stock quickly rose to $430 before falling sharply within the first few minutes of trading, closing its inaugural session at a still-impressive $328. It wrapped up Friday at $342, with a market cap of $67.2 billion. Read more #2. Dogecoin doubles in a day as YTD gains hit 5,000%, while Bitcoin price dips If Dogecoin is a joke, it's certainly wiped the smile off cynics' faces. DOGE was trading at just $0.07 on Monday but began a frenzied 514% climb to highs of $0.43 by Friday. That's a surge of 8,735% since the start of the year — and there's little doubt it will have turned a number of enthusiasts into overnight millionaires. The frenzy saw DOGE leapfrog Bitcoin Cash and Litecoin in the rankings, with a market cap that's twice as big as Deutsche Bank's. Read more #3. XRP price soars to new highs after recent legal victories and relisting rumors XRP hit multi-year highs of $1.96 this week. Although that's some way off the all-time record of $3.84 set in January 2018, this still reflects year-to-date gains of 790%. The latest spike caused a whopping $420 million of liquidations on derivatives exchanges. Momentum for XRP has been building thanks to a series of legal victories for Ripple in its battle with the Securities and Exchange Commission, along with rumors that the token may be relisted on multiple exchanges. Read more Don't stop reading! It's important. This is your moment. This is when you finally decide you're going to do something with your money — make it work for you. You're ready to level up your game and take charge of your finances. Click the link below and start investing. You know about crypto. You believe in its potential. Time to make your knowledge count. Join eToro and grab the bull by the horns This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & eToro USA LLCeToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. #4. Prediction of the week: Ethereum could go to $10,000 in 2021 and outperform Bitcoin, says veteran trader Back to Ether now, which has been in the ascendancy this week following an irreversible hard fork that aims to deliver some reforms to transaction fees. On-chain data suggests that ETH's price could double between now and the end of May — but some analysts are going even further. In an exclusive interview with Cointelegraph, Scott Melker said gaining exposure to ETH was "like investing in the internet in the early 1990s." Even though his price target for $10,000 by the end of this year may seem outlandish, he added: "I don't see why that's crazy. It's basically just under a 5x from here. [...] Bitcoin did almost three times that last year." Read more #5. FUD of the week: ECB endangers itself by waiting around on digital euro, says ConsenSys exec The European Central Bank will put itself in jeopardy if it waits around to launch a digital euro for too long, according to a ConsenSys executive. With a central bank digital currency set to be years away, Monica Singer said such projects are a chance for central banks to repair their mistakes and fix a broken financial system. She warned that if global banks miss this opportunity, alternatives from private tech giants like Facebook could make fiat currencies obsolete. Singer added: "If the central bank in Europe is gonna wait until 2028, by then there won't be a central bank. Because who's gonna use the euro in its current form? There are gonna be so many choices." Read more #6. FUD of the week: Turkey to ban cryptocurrency payments A new ban in Turkey will prohibit crypto holders from using their digital assets for payments in addition to preventing payments providers from providing fiat onramps for crypto exchanges. The ban will come into effect on April 30, rendering any crypto payments solutions and partnerships illegal. According to Turkey's central bank, "any direct or indirect usage of crypto assets in payment services and electronic money issuance" will be forbidden. Read more Feel free to explore the most important news with Hodler's Digest: Read more 1.5 million people follow us on social media Download our official app:

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