Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, to industry news, and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Dear prescient crypto investors, you may have heard through the grapevine that Bitcoin reached an all-time high in Canadian dollars of $86,600...
It's not that Bitcoin has just reached a CAD lifetime high of $86,500 that’s particularly exciting—after all, the CAD has notoriously lost a tremendous amount of its purchasing over the last few years—but rather, that this milestone marks the first time that Bitcoin has ever hit a new all-time high pre-halving. Historically in Bitcoin’s 4-year cycles, this happens months after the ‘halvening’, but ostensibly due to new Bitcoin Spot ETF demand, in 2024, it happened months prior. Bitcoin's price surged over 20% to reach $64,000 (CA$86.6K), marking a new high for 2024. The 50% price increase this month is largely attributed to the anticipation surrounding the upcoming supply (block rewards subsidy) halving event (estimated to take place on April 20th). Cointelegraph (More articles on this below!)
Ethereum holders are increasingly staking their ETH as prices surge to almost two-year highs. ETH staked has hit a record high, while exchange balances are at their lowest in nearly six years. Over 31 million ETH, valued at $107 billion, are staked in consensus, marking a 7% monthly increase. (This amounts to over a quarter of the circulating supply, more than twice the amount held on crypto exchanges.) Blockworks
New emails between Bitcoin creator Satoshi Nakamoto and early protocol contributors sparked controversy after their introduction as evidenced in the lawsuit against Craig Wright. In the Crypto Open Patent Alliance (COPA) v. Craig Wright trial, Day 15 in the UK High Court of Justice saw the emergence of new evidence stealing the spotlight. Craig Wright, the self-proclaimed Bitcoin creator, returned to testify while attention shifted to never-before-seen emails between Satoshi and early Bitcoin developers Martti Malmi and Adam Back. COPA seeks to restrain Wright from claiming authorship of Bitcoin's whitepaper, aiming to halt his legal actions against Bitcoin educators and Core developers. Martti Malmi, the first Bitcoin.org administrator after Satoshi, released his emails with Satoshi on GitHub, prompted by Wright's use of their correspondence as evidence. Malmi deemed the publication safe due to outdated information. Pete Rizzo
Market Summary
Performance
Top Weekly Movers @ Ndax
Who was the top-performing asset on Ndax last week?
As of 03/04/2024 at 1:00 AM EST, values in CAD.
Keep an eye on the market here 👉 Cryptocurrency Prices
In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in:
For more news stories, visit our LinkedIn
Mark your calendars!
Join Ndax's tiered Affiliate Program and start earning passive income today! With a highly competitive commission structure, affiliates can earn up to 10% of the trading fees generated by their referred users. That means you have the potential to earn income simply by referring new users to Ndax's platform.
But that's not all! For every new user you refer, you'll automatically earn $10-$25 CAD. And with a 10% commission on every trade made by your referrals, your earnings can really add up.
Find out more and start referring people today!
Thanks for reading our latest newsletter. Don't forget to follow us on social media for more updates and join the conversation on our forums.
Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.