Bitcoin Price Jumps 13.4%, Kracken Announces Significant Milestone

We’ve seen the crypto market start to recover over the last few weeks, and last week was a continuation of this trend.

Zilliqa’s price increased by an incredible 137.1% over the last seven days, although a coin is still worth significantly less than $1. Other big risers were HOLO (up 62.1%), CVX (up 57.8%, and APE (up 54.6%).

As for the projects that fell in value, there were only a few, and the decreases were much smaller in value. JUNO declined by 19.6%, OSMO by 6.8%, and WAVES by 2.1%.

The biggest cryptocurrencies all saw price increases or maintained their value. The bitcoin price rose by 13.4%, while Ethereum increased by 15%, and Solana by 19.4%. A great week all around for NFT and cryptocurrency investors!

It seems that Coinbase is on the verge of buying Mercado Bitcoin, the biggest cryptocurrency exchange in Brazil (by acquiring its owner 2TM). The Brazilian newspaper Estadão reported that the two entities are currently in talks about the deal, suggesting an announcement could be made by the end of April.

Another major exchange, Kraken, has received a routing number from the American Bankers Association, meaning it now has the same status as traditional banks when it comes to global payments access.

The UK is set to reveal its plans for cryptocurrency regulations over the next few weeks, shortly after the European Union announced its own measures. Stablecoins are likely to be a major focus as they’re viewed as a potential threat to stability.

Also in the regulatory world, Coinbase will soon need customers based in Japan, Singapore, and Canada to provide personal details before sending crypto to another exchange or a financial institution.

Meanwhile, the White House is looking into the energy impact of crypto. President Joe Biden recently started a report to figure out whether the excessive energy use of cryptocurrencies could harm the transition to clean energy, but some have claimed the technology could actually provide environmental solutions.

Swipe up now to read the full post!