BeInCrypto Weekly News Round-Up: April 9, 2021

Welcome to BeInCrypto’s weekly news round-up from April 5th to 9th, where we cover all the interesting news that happened in Crypto Monday through Friday.

A wide range of events happened across the crypto space last week. Building on recent momentum, Binance Coin (BNB) has hit sequential all-time highs. Next, Charles Hoskinson, CEO of Cardano (ADA), set the roadmap for ADA’s further development.

Additionally, Coinbase released an excellent first quarter earnings report on the eve of its listing. This week the World Economic Forum hosted its Global Technology Governance Summit, which includes several crypto sessions. Eventually, a petition began urging incoming SEC chairman Gary Gensler to end the war on Ripple.

BNB all-time highs

After Binance hit a new all-time high after an impressive rally last week, the momentum of the Binance Coin (BNB) has continued. Although the price fell a bit over the weekend, the BNB rose to a new all-time high at this point. Its momentum has simply not stopped since then, and it is now trading at a new all-time high of just under $ 445.

Cardano Roadmap Update

On April 6, Charles Hoskinson presented the roadmap for Cardano’s future developments, which he is expected to complete by 2025. The latest Alonzo fork he announced would be finalized in a live online event slated for late April. In the meantime, the Cardano development team has solved the problem of blockchain scaling in point-to-point transfers. Hoskinson said that once the fork is complete, he will return to the scaling problem.

Hoskinson said that the final phase of the Voltaire Update roadmap. At this point, the Cardano ecosystem would function as a self-sufficient system. Cardano would like to offer a completely decentralized ecosystem with scalable transmission technology.

Coinbase Quarterly Report

San Francisco-based crypto exchange Coinbase released a quarterly earnings report on March 6th. According to the report, the company’s earnings for the first quarter were double that of all of 2020. The exchange also announced that it expects earnings of $ 730 million to $ 800 million in Q1 2021.

The story goes on

The main factor cited was the increased user volume of Coinbase in the wake of the rise of the crypto market. Coinbase’s public offering, slated for next week, is likely to reach further heights.

WEF Global Technology Governance Summit

The World Economic Forum (WEF) held its Global Technology Governance Summit this week. Our correspondent attended several sessions that focused on cryptocurrencies and blockchain. During a session on DeFi, Maker CEO Rune Christensen spoke about the current state of DeFi and its growing potential.

In the meantime, the Minister of Economic Affairs in Lithuania explained how DeFi could be integrated into the public sector based on her experience with FinTech companies.

The next session looked at digital currencies and their potential to empower people around the world. An expert talked about how this has already happened in Latin America. Another discussed his experiences in China with them. Finally, another pair of experts mentioned how to put proper regulation in place to maximize the viability of digital currencies.

Finally, the last session looked at the impact of tokenization on the future of the economy. The United Arab Emirates’ Minister of Economy spoke at length about his country’s plans to use tokenization.

Finally, the head of blockchain at the WEF spoke about how tokenization of assets will change the way we think about property.

End the war on the XRP petition

This weekly update ends with a petition initiated to end the war on Ripple and its native token XRP. The petition asks the new chairman of the US Securities and Exchange Commission, Gary Gensler, to end the lawsuit against Ripple. It also urges him to work with the crypto community to enact rational regulations on crypto.

The petition also calls on him to investigate former SEC executives. It is alleged that the former head of the SEC initiated the lawsuit on the last day of his tenure over his alleged interests in Bitcoin and Ethereum.

Tune in next Friday for the latest weekly roundup from BeInCrypto!

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