Nobody Can Stop Crypto Now: How Cryptocurrencies Are Disrupting the Current World Order

In this edition:

  • ETH Skyrockets While European Investment Bank Embraces Ethereum Network
  • Knowing Random Facts Can’t Hurt, Right? [Crypto Edition]
  • Two Major Crypto Firms on Time’s Top 100 ‘Most Influential Companies’ List
  • Nexon Buys $100M in BTC and Joins the Bandwagon

Hi there, my lovely fellow Anchorians. Long time no see, but here we are alas – the 85th edition of Crypto Roundup is fresh out of print and ready for you!

If you are a dedicated crypto enthusiast, then you know well there have been some interesting twists and turns in the industry recently, e.g. BTC’s dip below $50k. Nonetheless, we’re talking about some other exciting topics today – why ETH is soaring, which the most powerful crypto companies are, how the trend of big companies buying BTC continuously rises, and what the most interesting fun facts in the industry are. 

There’s only one thing left to do – sit tight, make a coffee, and take your time – we’re diving into the latest edition of Anchor’s Crypto Roundup right now!

ETH Skyrockets While European Investment Bank Embraces Ethereum Network

By master1305, Freepik

Well, Ether has just reached its all-time high and went over $2,700! It’s like when those younger kids finally prove their worth and start doing better than their older siblings. Yes, yes, I know, 1 BTC equals $55,000 but kudos to ETH because it’s doing a better job on the market at the moment.

ETH, the second cryptocurrency by market cap is now worth $314,206,582,046 in total. While there inevitably are several reasons for this price jump, one, in particular, stands out.

According to Reuters, the European Investment Bank is launching a digital bond sale using the Ethereum network.

‘’Bloomberg reported on Tuesday, citing unnamed sources, that the EIB plans to issue a two-year 100-million euro digital bond, with the sale to be led by Goldman Sachs, Banco Santander, and Societe Generale, according to analysts,’’ Reuters reports.

Head of revenue at SFOX, Danny Kim, agrees and says that an EIB digital bond issuance has “triggered a bullish institutional use case for ethereum”. Demand for ETH rose with the emergence of NFTs since people are now using these non-fungible tokens to purchase virtual art, or even land and real estate. 

While people speculate that bitcoin’s dip was directly related to President Biden’s announcement on a plan to raise capital gains taxes, it seems that ETH remains immune. 

Whatever the reason, enjoy the bull market. Ethereum as infrastructure has always had a lot of potentials, and that trend continues. 

Knowing Random Facts Can’t Hurt, Right? [Crypto Edition]

Here comes a little feast for all the brainiacs out there. Crypto data aggregator CoinMetrics has compiled an interesting list of 100 facts and insights into the current industry’s trends. Wanna know more?

$100 invested in Bitcoin (BTC) 100 days ago would be worth $135 today.

$100 invested in Ether (ETH) 100 days ago would be worth $186 today.

$100 invested in Uniswap (UNI) 100 days ago would be worth $401 today.

$100 invested in Dogecoin (DOGE) 100 days ago would be worth $2,742 today.

DOGE is not a hero we wanted, but a hero we deserve. That is a respective story for another blog post, yes, but we sure had fun following Dogecoin’s journey which even included Elon Musk posting memes. Okay, okay, more facts!

On April 14th, 2021 BTC daily active addresses reached a new all-time high of 1,366,494. 

Over its 11 year history, there have been over 636M BTC transactions.

BTC has had an average transaction size of $30.36K over the last 100 days.

ETH has had an average transaction size of $15.66K over the last 100 days.

Okay, the bulls are everywhere, and the industry is simply booming – the news we all love to hear. 

Bitcoin has generated over$2B worth of transaction fees.

Ethereum has generated over $3.17B worth of transaction fees.

Ethereum has generated over $2.3B worth of transaction fees since the start of 2021.

This perfectly aligns with our previous news piece – and yes, Ethereum is sexy. 

While there are many more facts and insights in this research, we leave it to those who want to know more about it. You can find the rest of the 100 fascinating facts here. And kudos to Coin Metrics for providing us with this thrilling information. 

Two Major Crypto Firms on Time’s Top 100 ‘Most Influential Companies’ List

By drobotdean, Freepik

I believe congratulations are in order since Digital Currency Group and Coinbase made it to Time magazine’s Top 100 Most Influential Companies list! 

Time allocated 100 companies into five major groups – Pioneers, Leaders, Innovators, Titans, and Disrupters. Digital Currency Group was labeled as a Disrupter with some well-known companies such as Tesla and Huawei. Time noted that DCG is  “demystifying crypto for investors” with the help of its subsidiaries Grayscale and CoinDesk. 

“In January 2020, Grayscale’s Bitcoin Trust became the first financial product backed entirely by digital currency to report to the Securities and Exchange Commission—opening the Trust (and, by extension, the blockchain) to more potential investors,” highlighted the magazine. 

Believe it or not, Coinbase was categorized as a Titan, along with Facebook, Alibaba, Google, Walmart, and Amazon. It’s not that unbelievable since, due to the direct listing on the Nasdaq, the company gained over $1.8 billion just in this year’s Q1.

“It’s been a huge year for cryptocurrencies, but nothing’s been as validating as the April 14 direct listing of Coinbase, which operates an exchange where 56 million users buy and sell Bitcoin and more. Coinbase ended its first day of trading worth nearly $86 billion—making it the most valuable U.S. financial exchange, and giving cryptocurrencies a boost of Wall Street cred,” Time explains.

It’s always great seeing our industry evolving and, in a way, conquering the world. Especially for us that have been here for some time now – just a few years ago nobody had a clue what cryptocurrencies were, and now everyone is talking about them. 

Nexon Buys $100M in BTC and Joins the Bandwagon

After Tesla MicroStrategy, Nexon becomes another company to make a public BTC purchase with corporate money. The Asian video game giant has just spent $100,000,000 to buy bitcoins! And now they have 1,717 of them. 

“Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,” said Owen Mahoney, President & CEO of Nexon. He also added: “In the current economic environment, we believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

If you were wondering how much is $100M for a company like this one – the firm said this purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand. Nonetheless, when big companies choose to invest in crypto, it gives the entire crypto industry another layer of credibility. 

Nexon, good luck to you, and don’t stress too much if bears come around poking. Eventually, the bulls will make them go away. And vice versa. It’s a circle of life!

Final Thoughts

Oh yes – you’ve made it once again! This is the very end of the 85th edition of our Crypto Roundup. Hope it was insightful and thrilling!

I feel like a parrot now, but it never ceases to amaze me how much potential this industry has got. And quite paradoxically, while things on the market can change in a blink of an eye (quite literally in a few minutes), crypto continues to go forward at full pace. Like a separate planet, it rotates around itself daily while reaching its ultimate destination. 

No worries, I won’t bore you with philosophical topics any further. I only want to wish you fair winds and the following seas, my fellow Anchorians. Take care!

Disclaimer: The information provided in this post is not legal, accounting, or financial advice. I am not a lawyer, accountant, or financial advisor. I am not registered as an investment adviser with any federal or state regulatory agency. The Information should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies.