Coinbase Valuation Update 🚨

...And Bitcoin Surges to $54,700 🚀

Tue. Mar 9, 2021

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Bitcoin's Big Breakthrough 🥳

Bitcoin has raced to $54,740.37 after spending days battling to cling on to $50,000. The newfound momentum has sparked hopes that we could see a return to record highs. Altcoins have also performed strongly today, with a sea of green in CoinMarketCap's rankings. Binance Coin is outperforming BTC and ETH, with 24-hour gains of 17.2%. Read more here.

Coinbase Nets $90B Valuation 💰

Coinbase's long-awaited debut on the stock market is drawing closer — and reports suggest that the exchange is now valued at a cool $90 billion. The exchange is going to go public at the end of the month. According to Bloomberg, shares were trading at $350 apiece on the Nasdaq Private Market last Thursday. Read more here.

More Bad News for Ripple 😕

Ripple and Moneygram have ended their partnership. In a joint statement, both companies said that they were proud of what they have achieved — and vowed to revisit their relationship in the future. All of this comes as Ripple continues to fight a lawsuit filed by the SEC over the sale of XRP tokens. Read more here.

Taco Bell Sells Foodie NFTs 🥙

In the latest instalment of crazy things happening in the NFT market, let's talk about Taco Bell. The fast food chain has created five taco-themed NFTs — with five editions of each available. They sold out within minutes, with one of them getting flogged for 1.5 WETH… a wrapped version of Ether. Profits have been donated to charity. Read more here.

Ethereum Hard Fork Confirmed ✅

A long-awaited upgrade to the Ethereum blockchain has been scheduled for mid-April. The Berlin hard work is set to optimize the usage of gas fees and mitigate against potential Denial of Service attacks. It's going to go live on three testnets in the coming days. ETH has performed strongly today — breaking $1,800 for the first time in two weeks. Read more.

Crypto Is Hiring 💼

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