Gemini/Mastercard unveil a crypto rewards card / Tesla sold $272M in BTC during Q1 / Fresh Funding

Plus: Binance plans to launch an NFT marketplace in June.

Inside.com Part of   Network April 27, 2021

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A message from EXODUS Exodus shatters regulated crypto public offering record Exodus, one of the most popular cryptocurrency apps, is on a mission to help half the world exit the confines of traditional finance by 2030.  Exodus made history by doing the first of its kind SEC regulated offering on its platform. They’ve had commitments for $60,000,000 within 5 days of the offering going live. Anyone can buy shares of the company with Bitcoin, Ethereum, or USDC which will then be represented digitally and secured by the blockchain.  Why invest in Exodus? 🚀 Exodus is growing fast. They have achieved around 3 million app downloads and completed over 3.5 billion dollars worth of exchange volume since 2019.  🚀 Exodus products are loved due to their easy of use. Exodus was named as the best crypto wallet for beginners by Investopedia because of its simplicity and support for a huge variety of cryptocurrencies. 🚀 Exodus’ financial fundamentals are solid. They delivered 21.3 million dollars in revenue and 8.2 million dollars in net income in calendar year 2020.  Don't miss out on owning a stake in the future of finance. Invest Today

The global crypto market cap is $2.07T 3.07%▲ with a 24-hour market volume of $152.33B -9.86%▼. Bitcoin's dominance is currently 49.51% -0.81%▼.  CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $54,905.54 1.16% ▲ 2 Ethereum ETH $2,639.18 4.63% ▲ 3 Binance Coin BNB $563.51 4.49% ▲ 4 XRP XRP $1.39 8.00% ▲ 5 Cardano ADA $1.30 4.68% ▲ *Prices as of 2:30 p.m. ET.

The Gemini exchange partnered with Mastercard for an upcoming cryptocurrency rewards credit card. The official announcement by Mastercard touted plans for real-time rewards on purchases instead of the typical monthly rewards payments. More: The Gemini Credit Card claims to offer up to 3% cashback in more than 30 cryptocurrencies directly to the user’s Gemini accounts. The card will likely be released in the U.S. this summer, with priority giving to users who sign up for a waitlist. Mastercard has been heavily expanding into the crypto market in recent months. In February it announced plans to allow merchants to accept cryptocurrency payments.

Tesla’s Q1 earnings report showed a sale of $272M worth of bitcoin on their balance sheet earlier this year. Under the category "proceeds from sales of digital assets," the EV company reported the sale of around 18% of its total bitcoin holdings. More: Tesla first included bitcoin on its balance sheet in February when it disclosed the purchase of $1.5B in BTC to the SEC. Tesla reportedly used Coinbase’s prime brokerage arm to facilitate the purchase. Last month, Tesla said it will accept bitcoin as payment.  CFO Zach Kirkhorn stated that Tesla believes in the long-term value of bitcoin and intends to hold “long-term” and “continue to accumulate bitcoin” from customer transactions.

▲ TOP GAINERS # Name Price 24h % 1 Maker MKR $4,431.83 10.49% ▲ 2 VeChain VET $0.2069 9.24% ▲ 3 Uniswap UNI $39.29 9.09% ▲ 4 Tron TRX $0.1238 8.32% ▲ 5 Bitcoin SV BSV $284.25 7.71%▲ ▼▲ TOP LOSERS / LEAST GAINERS # Name Price 24h % 1 Solana SOL $43.08 8.08%▼ 2 Filecoin FIL $152.46 0.69%▼ 3 Terra LUNA $17.60 0.34%▼ 4 Dogecoin DOGE $0.27 0.09%▲ 5 Cosmos ATOM $22.41 0.83%▲ *Limited to cryptocurrencies with a market cap >$4B. Prices as of 2:30 p.m. ET.

🍋 FRESH FUNDING 🍋 ZenGo, crypto infrastructure: $20M. The Series A funding round for the non-custodial crypto wallet provider was led by Insight Partners, with additional participation from Austin Rief Ventures, Distributed Global, and others. More: Having previously received $4M in a seed funding round back in 2019, ZenGo has raised a total of $24M to date. ZenGo implements “Keyless Wallet technology” through multi-party computation instead of the traditionally implemented private key system used by other crypto wallets. The company added 100K new customers in just the past quarter and now has over 200K customers in the U.S., Canada, France, Nigeria, and Australia. Concordium, blockchain technologies: $36M. The privacy-focused blockchain company raised $36M during their fourth private placement round to date. More: Following this latest round of funding, Concordium is valued at $1.45B. Concordium develops blockchain technology to provide businesses with regulatory compliance and privacy solutions. Testnet 4, the company’s MVP testnet, included 1K active nodes and 800 bakers, and over 7K accounts. Shortly after the release of Testnet 4 and most recently, Concordium released smart contract functionality on its blockchain.

QUICK HITS Something that’ll help your mom (or honorary mom) relax. We are less than a month out from Mother’s Day and this brand’s sleepwear is perfect for breakfast in bed. * Mark Cuban said that Robinhood Crypto’s locked ecosystem is “the greatest inhibitor” to the growth of DOGE. IOHK, the development company for Cardano (ADA), announced a partnership with the Ethiopian Government to provide blockchain-based education in African schools. The European Investment Bank (EIB) recently announced plans to issue €100M in bonds on the Ethereum network. It may price the blockchain-based bonds as early as today. The NBA’s Golden State Warriors announced the release of official team NFTs, including a 1:1 Six-Time NBA Champion Ring NFT that comes with a physical ring to be presented to the winning bidder at a Warriors home game.  The General Services Administration (GSA), responsible for the sale of the U.S. federal government’s surplus property, sold 9.45 BTC for $487K (~$51.53K/BTC). A recent announcement from Binance revealed plans for the crypto exchange to offer an NFT marketplace in June. Looking for a way to keep your ecommerce customers coming back? Upgrade your post-purchase experience with Route and build real loyalty. Get a demo now.* *This is sponsored content.

Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. Editor Eduardo Garcia is a writer and editor based in New York. He is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade.

Exodus is making history raising $60,000,000 within 5 days of its SEC-regulated offering going live

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