Hi Carlos
What an exciting week we are into. Less than 24 hours is left for the launch of $COIN on the stock exchange, and the world is waiting to see how it plays out.
Also the BTC price has gone significantly up in the past 24 hours, and at the time of writing this email, here are the price of top 3 coins:
- BTC: $63,166
- ETH: $2,274
- BNB: $556
Tutorial of the day:
Binance mobile app tutorial:
How to use CoinMarketcap:
Term of the day:
B.Y.O.C - Build Your Own Conviction
Top News of the day:
💎 TIME Magazine to hold Bitcoin on its balance sheet and create crypto video series
Cryptocurrency fund manager Grayscale Investments has just announced that it will partner with TIME Magazine to produce a series of crypto-related videos.
TIME and its president Keith Grossman have agreed to be paid in Bitcoin. Further, the publishing company will continue to hold Bitcoin on its balance sheet instead of immediately converting the cryptocurrency into fiat.
💎 Wall Street NFTs? New York Stock Exchange Apparently Has an NFT Strategy
The New York Stock Exchange (NYSE) minted its first set of non-fungible tokens (NFTs) on Monday with six homages to hot tech stocks that debuted on the world's largest bourse.
The NFTs memorialize first trade metadata for Unity, Coupang, Snowflake, Spotify, Roblox and DoorDash, according to a blog post by NYSE President Stacey Cunningham. They appear to live atop Crypto.com's native blockchain.
Crypto.com Chief Marketing Officer Steve Kalifowitz told CoinDesk the crypto app was not paying NYSE to mint NFTs on its weeks-old platform. "They reached out to us," he said in a Twitter DM.
💎 Tesla token on Binance: explosive volumes already
The launch of the Tesla token on Binance has been a success. On the first day, there have already been volumes of approximately 10 million dollars.
Yesterday, the exchange of Changpeng Zhao launched the trading of a new product: stock tokens, i.e. tokens representing the shares of listed companies.
The first to be listed was TSLA in a pair with BUSD, Binance's stablecoin.
The TSLA token reflects the value of TSLA, Tesla's Nasdaq-listed stock of the same name. Since it follows the performance of the stock market, it also follows its timetable. But unlike buying the actual shares, the TSLA token does not give you any voting rights on the Tesla company, however, as stated in the Binance guide, you are entitled to the dividends and economic benefits of the underlying shares.
That's all for today.
See you in the next newsletter.
Regards
Harsh Agrawal
P.S: This is not a financial advice.
CoinSutra Crypto Newsbytes