Theta's mainnet 3.0 launch delayed until June, causing token's price to sink
SPONSORED BY  | | One week in review:
March 21–27 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | SPONSORED: Banking on Crypto with Nexo | | | Nexo is the world's leading regulated financial institution for digital assets with $5 billion in assets under management. | | | The company's mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn on Crypto & Fiat suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. | | | Nexo has processed $20+ billion for 1,000,000+ users across more than 200 jurisdictions. | | #1. Stock-to-flow creator doesn't think Bitcoin's bull market is done | | | Bitcoin's price seems to have stalled below $60,000 after surging to all-time highs earlier in March. But on the bright side, Friday's $6-billion expiration of options — a record-breaking sum — didn't deliver the slump that some were dreading. | | | The ever-optimistic PlanB says that we are "nowhere near the end" of the bull run, tweeting: "Bitcoin is just getting started." | | | In recent days, BTC plunged to depths of $51,212.85 — the lowest price seen in two weeks. Soon afterward, Michaël van de Poppe warned that BTC needed to regain the $53,200–$53,800 area to revive bullish momentum in the near term, or else more downside was possible. | | #2. The NFT of record: New York Times raises $500,000 for charity in NFT column sale | | | First up, a New York Times reporter got a pleasant surprise when he decided to try and auction off one of his articles as an NFT. Just one day later, it sold for 350 ETH (worth almost $600,000 as of Saturday) — with the proceeds going to charity. | | | Another big sale came when Twitter CEO Jack Dorsey sold a tokenized representation of his first-ever tweet for more than $2.9 million, also for good causes. | | | Inevitably though, it wasn't all good news. SEC commissioner Hester Peirce — also known as "Crypto Mom" — has warned that selling fractionalized NFTs could end up breaking the law as this could result in the creation of an investment product. | | #3. Theta's mainnet 3.0 launch delayed until June, causing token's price to sink | | | In an announcement, the company said that it is still working "to incorporate some building blocks" for a nonfungible token marketplace. This is one of the reasons why a "more thorough code review and testing is required," prompting the expected launch date to be pushed back from April 21 to June 30. | | | The network added: "While delays are never ideal, we think this change is the prudent way forward to ensuring a successful mainnet 3.0 launch." | | #3. Announcement of the week: Markets Pro delivers up to 1,497% ROI as quant-style crypto analysis arrives for every investor | | | It's now been a month since Cointelegraph Markets Pro launched — bringing professional crypto market intelligence to every investor. | | | New figures this week showed that 41 of the 42 trading strategies tested by Markets Pro are currently beating Bitcoin's investment returns, and 36 of them are winning against an evenly weighted basket of the top 100 altcoins. | | | Cointelegraph Markets Pro is available exclusively to subscribers on a monthly basis at $99 per month, or annually with two free months included. | | #4. Prediction of the week: Bitcoin can reach $400,000 in 2021 as "risk-off reserve asset" — Bloomberg | | | Bloomberg Intelligence senior commodity strategist Mike McGlone believes 2021 marks a watershed moment for the world's biggest cryptocurrency. | | | He says BTC is "well on its way to becoming a global digital reserve asset" and it may be transitioning toward a risk-off asset. | | | Based on previous behavior, his analysis suggests that prices could peak at $400,000 this year. That eclipses other estimates such as the stock-to-flow model, which calls for an average of $288,000 between now and 2024. | | #5. FUD of the week: Microsoft president says fintechs should leave currency to central banks | | | Microsoft president Brad Smith has said fintech firms have no business issuing private digital currencies, arguing that money matters should be left to central banks and governments. | | | Speaking at an online conference organized by the Bank for International Settlements, he said: "I am not a big fan myself of encouraging or asking or wanting us [tech firms] to participate in the issuing of currency." | | | Feel free to explore the most important news with Hodler's Digest: | | | |
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