Markets and news: April 13th, 2022

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Markets

After several days of drops below $40,000, Bitcoin has calmed around that level. The alternative coins followed the leader and dropped just as badly as Bitcoin over the past few days. Many of them, including Ethereum, slipped below their crucial psychological levels. ETH slipped beneath $3,000 for the first time in weeks but since then has bounced off and now is slightly back above it.

Bitcoin (BTC) is now trading at 40,960 USD up by 2,5% in 24h

Ethereum (ETH) is now for 3,077 USD up by 1,4% in 24h

PlatonCoin (PLTC) is now for 0,680 USD no change in 24h

Total marketcap is currently at 1.989 trillion USD up by 1.7% in 24h

(all data valid at the time of publishing, from Coingecko.com)

News

NFT of first Tweet and failed auction: A non-fungible token (NFT) of Twitter founder Jack Dorsey’s first ever tweet could sell for just under $280. The current owner of the NFT listed it for $48 million last week and bought it for $2.9 million in March 2021. Last Thursday, the owner announced on Twitter that he wished to sell the NFT, and pledged 50% of its proceeds (which he thought would exceed $25 million) to charity. The auction closed Wednesday, with just seven total offers ranging from 0.09 ETH ($277 at current prices) to 0.0019 ETH (almost $6).

Crypto Punk NFT and successful auction:  CryptoPunk #7756, a 24×24 pixel art image generated algorithmically by a computer, has been sold for a whopping 1,050 Ethereum ($3.2 million), according to a Twitter bot that tracks recent purchases. CryptoPunks, one of the earliest NFT projects, led the creation of other successful collections such as Doodles. It has now surpassed more than $2 billion in trading volume.

Elon Musk and Twitter: Elon Musk is being sued by a Twitter shareholder for neglecting to disclose that he had purchased a large position in the firm, which had an influence on the company’s stock price. According to the lawsuit papers, Musk was obligated by federal law to inform the US Securities and Exchange Commission (SEC) within ten days after acquiring a 5% interest in Twitter. The Tesla CEO had been buying shares since January and had purchased 5% of the company by March 14, which meant he had to inform the SEC by March 24. Most persons who acquire a stake of 5% or more in a corporation are required to report their ownership in a Schedule 13G filing within ten days after the transaction, according to SEC guidelines.

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