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This Week in Crypto #9

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Now, Bitcoin finds itself at around $40.5k after having pumped up past $42k, causing much anxiety as people FOMO’d back into the markets (as indicated by the rising trading volumes).

But will Bitcoin decide to lead the market to higher highs or remain volatile?

Indeed, the crypto markets have not had a pleasant beginning this year. Entering into May, let’s remember a common phrase used by many traders: “Sell in May, and go away!”. Let’s hope they decide to stick around this time.

If you want to get the latest price charts like this one, head over to RedStone’s data feeds here.

 

Ridley Scott Ethereum movie

Ridley Scott, the legendary director behind movies like Gladiator, Alien, and Blade Runner, is set to direct a film about the inception of Ethereum.
The movie will be based on Camila Russo’s bestselling book, The Infinite Machine.
But who might play Vitalik?
Let us know in the comments below!

Coinbase launches its beta NFT marketplace

Coinbase’s marketplace is finally here! The big event has been in the making for a long time now.

Already, millions of users had signed up for the waiting list, with a whopping 1m users doing so on the first day. According to the Twitter community, the experience is fantastic.
People describe how it feels more like a Web3 platform than a Web2 one.

Binance limits account size for Russian users to $10,000

Binance, the world’s largest crypto exchange by trading volume, following further EU sanctions against Russia, is now required to limit services for Russian nationals and people residing in Russia and legal entities established in Russia that has crypto assets exceeding the value of €10k.

What’s more, the US Treasury places sanctions on Russian crypto miners.

Read more here.

New Major Stablecoins

Near protocol has just launched its native algorithmic stablecoin, USN, onto its public testnet.
USN is expected to have many similarities to Terra LUNA’s algorithmic stablecoin, UST.
It didn’t take long until Justin Sun and TRON announced they were releasing one, the USDD.
How many stablecoins will hit the markets in 2022 and in the coming years?

LimeWire Raises $10M in Private Token Sale

LimeWire. Who remembers them?

They fell under many controversies back in the digital era breakout, as they played the role of a passive intermediary in Peer-2-Peer transfers of copyrighted material.

Now, LimeWire is relaunching as a digital collectibles marketplace for art and entertainment-focused initially on music.

Companies like Kraken and Crypto.com have already invested in it.

 


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