by Tyler Durden
Wednesday, Apr 14, 2021 - 08:09 AM
As the much-anticipated day of Coinbases s direct listing arrives, it is perhaps poetic that the for the first time ever, the market capitalization of the cryptocurrency space has surpassed that of Apple.
Overnight saw another leg higher in most of the major coins with bitcoin nearing $65,000 (a new record high).
Source: Bloomberg
And analysts think the biggest cryptocurrency has room to run. In a tweet on Wednesday, PlanB, the analyst behind the stock-to-flow family of Bitcoin price models, noted that despite this week’s gains, BTC/USD still has plenty of energy in it.
First Majestic Silver Corp. announces that total production in the first quarter of 2021 from the Company’s three producing operations in Mexico, the San Dimas SilverGold Mine, the Santa Elena SilverGold Mine and the La Encantada Silver Mine, reached 4.5 million silver equivalent ounces consisting of 2.9 million ounces of silver and 23,873 ounces of gold. The Company’s financial results for the first quarter of 2021 …
First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (“First Majestic” or the “Company”) announces that total production in the first quarter of 2021 from the Company’s three producing operations in Mexico, the San Dimas SilverGold Mine, the Santa Elena SilverGold Mine and the La Encantada Silver Mine, reached 4.5 million silver equivalent ounces consisting of 2.9 million ounces of silver and 23,873 ounces of gold. The Company’s financial results for the first quarter of 2021 are scheduled to be released on Thursday, May 6, 2021.
News
The Purpose Investments ETF, the first Bitcoin (BTC) exchange-traded fund to launch in North America, has seen its assets under management soar to $1.1 billion less than two months after launching. Two Bitcoin ETFs that launched shortly after Purpose’s in Canada have also seen their AUM’s swell to a combined $200 million in the same time period, taking Canada’s combined Bitcoin ETF net value to around $1.3 billion.
The Purpose Bitcoin ETF launched in late February and generated nearly $100 million in trading volume on its first day. The ETF accrued more than $500 million in assets under management in its first week as investors rushed to gain access to Bitcoin trading without having to own the underlying asset.
Tron (TRX).
BCH: The coin that emerged after a 2017 hard fork of Bitcoin BTC has risen 138.2% since the year began. BCH traded 22.24% higher at $823.92 at press time. This month, the U.S. Internal Revenue Service clarified that the receipt of BCH after the hard work constitutes taxable gross income, reported Cryptonews.com citing a memorandum by the agency.
XRP: The token associated with Ripple has gained 778.63% since the beginning of 2021. XRP traded 33.95% higher at $1.94 and has spiked 85.22% on a weekly basis. XRP is buoyed by Ripple’s multiple legal victories related to a lawsuit with the United States Securities and Exchange Bureau and its band of supporters.
Almaden Encouraged By Court Decision apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.