2021-04-13 13:57:07
CRYPTO WEEKLY MARKET UPDATE The crypto market will be active this week, thanks to the news that is already streaming out, determining how different digital currencies prices will move. Here is a summary of the news that will be making headlines and which will impact cryptos.
The United States and Security Exchange Commission (SEC) has given Exodus wallet the go-ahead to sell its operation shares. So, we expect Venture Capital to increase its investment in crypto startups throughout 2021.
Institutional players like MicroStrategy have increased their investments forcing Venture Capital (VC) to want to make more cryptos investments.
This year, VC has increased its investment in blockchain to optimize from the exponential growth expected to occur in the industry. It is why crypto startups have received more funding in the first quarter of 2020 than they did in 202.
But Ripple CEO says that the U.S. is not ready to regulate new entrants in the crypto market. According to Ripple Lab’s, David Schwartz, this response is likely to help XRP, but it will negatively impact burgeoning firms.
As a result of this development, Coinbase will be one of the major companies to go public. The company will be launching its LPO to the public by April 14.
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