Coinbase, the leading U.S. crypto exchange, has reported an estimated $1.8 billion in total revenue for Q1 2021. The earnings results come just days before Coinbase is scheduled to go public via a direct listing on Nasdaq on April 14.

Bitcoin hashrate has reached a new all-time high of 179.4 exahashes per second. According to mining industry experts mining bitcoin has become very profitable and even 2014 ASIC mining chips are making money.

Signal, the privacy focused messaging app is launching its own native cryptocurrency called MobileCoin (MOB). The cryptocurrency claims to protect users' privacy and can be used for in app payments.

Join us at the virtual Digital Asset Trading & Technology Series (DATTs) 2021 on 8 April to hear from Fireblocks, BNY Mellon, BlockFills, ByteTree and Binance.US. Through biweekly live sessions from 8th of April to 6th of May, DATTs will delve into the most pressing opportunities and challenges of the digital asset economy - prime brokerage, institutional mining, and asset management.

Sponsored: QuiverX is a decentralized crowdfunding project that enables businesses to raise capital through digital assets. The platform offers dynamic growth through fractional ownership and transparent booking. This ability, in return, lowers the obstacle of entry to pre-IPO opportunities and bridges the gap between cryptocurrency and traditional markets.

Top stories in the Crypto Roundup today:

• Coinbase Reports an Estimated $1.8 Billion in Total Revenue for Q1 2021
• Bitcoin Hashrate Hits New All-Time High, Making 2014 Chips Profitable
• Signal Messaging App Launches Native Cryptocurrency Payments
• Join Us at the Digital Asset Trading & Technology Webinar Series on 8 April
• Sponsored: QuiverX Capital - Bridging the Gap Between Crypto and Traditional Market

Coinbase Reports an Estimated $1.8 Billion in Total Revenue for Q1 2021

Coinbase, the leading U.S. crypto exchange, has reported an estimated $1.8 billion in total revenue for Q1 2021. The earnings results come just days before Coinbase is scheduled to go public via a direct listing on Nasdaq on April 14.

In the earnings report Coinbase said they had 56 million verified customers and 6.1 million monthly transacting customers. Quarterly volume increased from $89 billion in Q4 2020 to $335 billion in Q1 2021. Coinbase has seen their cryptocurrencies under management of their platform grow from $90 billion in 2020 Q4 to $223 billion in Q1 2021.

Analysts are expecting Coinbase to go public with an implied valuation of around $100 billion. With the additional funds Coinbase plans on investing heavily in technology and development and may spend $1 billion in 2021.

Bitcoin Hashrate Hits New All-Time High, Making 2014 Chips Profitable

Bitcoin hashrate has reached a new all-time high of 179.4 exahashes per second. According to industry experts mining bitcoin has become very profitable and even 2014 ASIC mining chips are making money. Ethan Vera, CTO of mining company Luxor said:

“The run up in Bitcoin price paired with a shortage on ASIC chips has caused mining economics to turn favourably to miners, with many miners running at 85%+ mining margins… Miners are trying to get their hands on every machine possible, and even ASICs  launched in 2014 are profitable.”

Signal Messaging App Launches Native Cryptocurrency Payments

Signal, the privacy focused messaging app is launching its own native cryptocurrency called MobileCoin (MOB). The cryptocurrency claims to protect users' privacy and can be used for in app payments.

The payments feature is initially only launching in the UK and only on iOS and Android, not desktop. Historically cryptocurrencies launched by messenger apps such as Facebook’s Libra (now Diem) and Telegram’s TON have been shut down by regulators. Matthew Green, a cryptographer at Johns Hopkins University, told WIRED:

"Signal as an encrypted messaging product is really valuable. Speaking solely as a person who is really into encrypted messaging, it terrifies me that they're going to take this really clean story of an encrypted messenger and mix it up with the nightmare of laws and regulations and vulnerability that is cryptocurrency."

 

Join Us At the Digital Asset Trading & Technology Webinar Series

The Digital Asset Trading & Technology Series (DATTs) 2021 is your front-row seat to hear industry experts discuss and debate the evolution of digital assets as an institutional asset class. Through biweekly live sessions from 8th of April to 6th of May, DATTs will delve into the most pressing opportunities and challenges of the digital asset economy - focusing on prime brokerage, institutional mining, and asset management.

Catch the first session on Prime Brokerage on 8 April at 12:00PM EST / 5:00PM GMT featuring:

• James Bennett, CEO, ByteTree (Moderator) 
• Neil Van Huis, Director of Sales & OTC Trading, BlockFills 
• Michael Shaulov, CEO & Co-Founder, Fireblocks
• Lory Kehoe, Director, Digital Assets and Blockchain, BNY Mellon 
• Rena Shah, Head of Operations & Business Development, Binance.US

QuiverX Capital: Bridging the Gap Between Crypto and Traditional Markets

QuiverX is a decentralized crowdfunding project that enables businesses to raise capital through digital assets. The platform offers dynamic growth through fractional ownership and transparent booking. This ability, in return, lowers the obstacle of entry to pre-IPO opportunities and bridges the gap between cryptocurrency and traditional markets.

The QuiverX project provides tokenized equity offerings using smart contracts, supplying a unique feature to the world of Defi crowdfunding. The model directly connects investors and SMEs, providing transparency and complete control of all capital pooled. The platform is powered by the QuiverX utility token used to pay for services on the website, promotions, advertisements, listings, and transaction fees. 

QuiverX Capital Segments

The platform operates under the segments of QuiverX-xReward Program (staking), QuiverX-xEarn Marketplace, Quixswap Exchange, QuiverX- Digital Wallet, Black Label, QuiverX-xCard (point of sale payment), QuiverX-eXcel Program, and QuiverX-xATM.

Quiver X Partnerships

QuiverX has partnered with Chainlink to offer users transparent cash flow information within the platform about their enterprises. The Chainlink oracles retrieve data based on the quarterly business revenue of SMEs listed on the QuiverX platform. This offers room to deliver it on-chain where it is stored in reference contracts. QuiverX creates a transparent bookkeeping model where anyone can easily verify a token’s value based on its historical revenue. 

QuiverX Capital has partnered with Defiboost, a premier marketing platform comprising a team of experts within the field. Through the partnership, Defiboost will offer authentic coverage from leading crypto publishers and influencers in the industry. It will link the project to VIP influencers and opinion leaders. Their primary role is to make QuiverX Capital popular within the crypto sector. 

QuiverX Capital 2021 Q1 Roadmap

During the first quarter, QuiverX Capital plans to unveil a beta version of the xEarn Marketplace and launch a custom wallet. As far as listing on a public exchange, the QuiverX Capital team is ahead of schedule with having taken a position on Bitmart Exchange in December 2020.

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