Crypto Market Overview – April 7th, 2021

Dextrade Crypto Market Overview April 7

The crypto market continued to evolve as the week burgeoned on. The following is an overview of some of the main highlights from April 7th.

 

Playboy magazine launches NFT gallery

The infamous adult content magazine is launching its first NFT gallery on the Nifty Gateway platform. The gallery will include some of the rarest and most interesting photos of the magazine produced over the last 70 years. The founders of the magazine and the chief editor of the publication stated in their official Twitter account that they are thrilled by the innovations taking place and are intent on “supporting the community and innovating together”. Blockchain truly does offer some interesting advantages when it comes to eroticism.

 

Bitcoin consolidates

Bitcoin has significantly consolidated its positions in the $60,000 region and is showing modest signs of growth further. The closest support levels are at $56,500 and $55,300, but experts believe the coin will continue growing and pushing the resistance levels in an attempt to break through the $62,000 mark in the near future.

 

Bitmex Founder surrenders

The founder of the infamous BitMEX cryptocurrency exchange – Arthur Hayes – has officially reached an agreement with the authorities of the US and has agreed to surrender into custody in early April. The statement released on Twitter states that he was preparing to go into custody on April 6, 2021. The statement was made by the head of the Consensus Law firm Pavel Pogodin. According to the decree, Arthur Hayes entered into a deal with the investigation under which he will surrender to the US authorities in Hawaii and will be released on bail of $10 million. Hayes’s mother will contribute $ 1 million in cash as a deposit for the deal, according to the decree. 

 

Ripple receives access to SEC documents


The team of the Ripple project has received access to documents of the SEC. The developers of the project plan to appeal and prove the lack of any difference between the Ripple chain's XRP token and such popular cryptocurrencies as Bitcoin and Ethereum. The team is confident that the specialists of the commission at the SEC misinterpreted and erroneously drafted the status of the cryptocurrency. The development team has repeatedly stated that XRP is not a security and that the SEC commission's claims otherwise are unfounded.

 

 

Published: 2021-04-08