Hey Insiders, When you refer a friend to Inside, you get rewards! It’s easy: Scroll down ⬇️ to the bottom of the newsletter and click to share. - With your support, we’ve grown Inside to over 300,000 subscribers.
- Last week, we had 1,000 folks register for our NFT event within hours! 🤯
We could not do this without you! Wanna get $500? To make it interesting (though Inside's exclusive community is honestly reason enough to refer friends) we're giving $500 to the reader with the most subscribed referrals* in just seven days on April 9! So be a pal and make a friend smarter today by sharing Inside. As always, thanks for reading. *"subscribed referrals" are your referrals who have clicked on the referral email and subscribed to an Inside newsletter. |
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The global crypto market cap is $1.94T 3.04%▲ with a 24hr market volume of 159.28B -3.28%▼. Bitcoin's dominance is currently 56.53% -0.84%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $59,547 | 0.82% ▲ | | 2 | Ethereum ETH | $2,062 | 5.08% ▲ | | 3 | Binance Coin BNB | $339.24 | 3.58% ▲ | | 4 | Cardano ADA | $1.21 | 0.99% ▲ | | 5 | Polkadot DOT | $39.87 | 5.12% ▲ | *Prices as of 2:30 p.m. ET.
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The Bitcoin Cash antitrust suit alleging market manipulation by prominent crypto figures has been dismissed with prejudice. A U.S. Magistrate Judge of the Southern District of Florida ultimately found that plaintiff United American Corp. failed to provide any facts that plausibly suggested conspiracy.
More: - United American Corp. initially filed its complaint against Roger Ver, founder of bitcoin.com, Jesse Powell, CEO of Kraken, and others in December 2018, claiming that the alleged parties colluded to manipulate the outcome of a Bitcoin Cash network upgrade.
- After the initial complaint was thrown out for its failure to state a claim, UAC revised the claim to suggest that Bitcoin.com significantly increased its hashing power to dilute other market participants’ voting power. No evidence was offered to support this claim.
- After judicial review, the court concluded that the new claim lacked facts necessary to demonstrate a reasonable expectation that discovery would reveal evidence of illegal agreement.
- This was a matter of first impression to U.S. antitrust courts. While the case has been dismissed, the Magistrate Judge's decision still leaves open the question of whether the "highjacking" of a cryptocurrency network violates antitrust laws.
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 Thailand’s central bank anticipates the testing of its CBDC by Q2 2022. The planned release is outlined in the central bank’s paper, "The Way Forward for Retail Central Bank Digital Currency in Thailand" and is currently open to public comment. More: - The Bank of Thailand (BOT) has been researching CBDCs since early 2018, following the assumption that digital currencies are "widely adopted and systemically important" in the country.
- Recently, Thailand has taken an oppositional stance on stablecoins, particularly criticizing coins backed by both local and international fiat currencies.
- BOT is currently drafting legislation to regulate stablecoins, notably omitting regulations for bitcoin and non-pegged digital currencies.
- Thailand’s development with CBDCs comes as seven other countries (Sweden, The Bahamas, France, The Philippines, Japan, Turkey, and Switzerland) begin publicly testing the concept.
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🍋 FRESH FUNDING 🍋 - Draper Goren Holm, early-stage blockchain fund: $25M. The Tim Draper, Alon Goren, and Josef Holm fund raised $25M from Tezos Foundation and others to invest in U.S-based and international fintech and blockchain startups.
- Element Finance, DeFi: $4.4M. The Andreessen Horowitz and Placeholder-led seed round provided fresh capital for Element. Element provides tools for bitcoin and ethereum lending.
- Greenwood Neobank, digital bank: $40M. The startup founded by Killer Mike and Andrew Young recently raised funds from the largest six banks in the U.S.. Greenwood offers non-predatory lending products, reinvests in local communities, and reinforces money circulation in the Black and Latinx communities.
- Katana, DeFi terminal: $1.3M. Katana’s fundraising will continue with an initial DEX Offering (IDO) of $KTN via PolkaStarter next Friday.
- OpenSea, NFT marketplace: $23M. Andreessen Horowitz led the latest fundraising round for the NFT platform, with participation from Naval Ravikant, Mark Cuban, Tim Ferriss, Belinda Johnson, et al.
- Zignaly, crypto industry social investment platform: $3M. Funds raised from Parataxis Capital, Okex’s Block Dream Fund, AscendEX, Sino Global Capital, LD Capital, LVT Capital, AU21 Capital, Disrupt.com, DAOMaker, GDA Capital, BSCPad, Acheron Trading, Switchain, Kryptos.fund, LedgerPrime.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | EOS EOS | $5.64 | 15.49% ▲ | | 2 | Bitcoin SV BSV | $206.64 | 11.63% ▲ | | 3 | Bitcoin Cash BCH | $30.44 | 7.94% ▲ | | 4 | Tezos XTZ | $0.05896 | 6.96% ▲ | | 5 | Stellar XLM | $328.88 | 5.90% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Filecoin FIL | $170.93 | 25.17%▼ | | 2 | Klaytn KLAY | $3.79 | 8.38%▼ | | 3 | Dogecoin DOGE | $0.05829 | 4.27%▼ | | 4 | TRON TRX | $0.08705 | 0.48%▼ | | 5 | Terra LUNA | $18.61 | 0.16%▼ | *Limited to cryptocurrencies with a market cap >$4B. Prices as of 2:30 p.m. ET.
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- Coinbase (Nasdaq: COIN) has received SEC approval for its upcoming public direct listing of its stock on the Nasdaq, which will begin trading on Wednesday, April 14. Additionally, Coinbase plans on holding a conference call to discuss Q1 financial results on Tuesday, April 6.
- Takashi Murakami is currently minting 108 Famicom (NES) inspired variations of his famous flower on Open Sea.
- The former head of EDM artist relations at Apple Music, Parker Todd Brooks, has joined Ledger as its NFT division head.
- U.K. digital asset manager CoinShares has partnered with Candian digital asset management firm 3iQ to establish 3iQ Coinbase Bitcoin ETF (BTCQ) on the Toronto Stock Exchange.
- Filecoin Foundation welcomed Internet Archive founder Brewster Kahle to its board of directors and donated $10M FIL tokens to the Internet Archive.
- A recent report from J.P. Morgan analysts suggests bitcoin’s recent decline in volatility may attract more institutional investors and looks to study bitcoin’s effect on the gold market.
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 |  | 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 | Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending. | |
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BoxCast is a complete, easy-to-use live video streaming solution for organizations. Learn how it works. | |
