The Newsletter by Tokenize Xchange (Vol.134| April 2021)

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By Tokenize Xchange
June 17, 2021

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Zero-Fee Crypto Withdrawal for our Platinum Users (5,000 TKX Accumulated)

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From 26th April onwards, the Platinum users who accumulated more than 5,000 TKX either in their wallet or in our Crypto Earn feature will be able to enjoy crypto withdrawal with no fee.

*Promotion automatically applied.

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Top Cryptocurrencies’ ATHs til Today

As ETH just hit a fresh all-time high of $2.7K, let’s revise to see what the current price records of the top cryptocurrencies (by market cap, stable-coins not included) are.

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Ether Hits All-Time High Price Above $2.7K After Rallying 19% in 3 Days

The price move extends the second-largest cryptocurrency’s stunning rally this year: It has tripled already in 2021, amid trader enthusiasm over growth in blockchain applications.

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Ether (ETH) rose Tuesday to a record high price above $2,700 after a powerful three-day rally.

The price of ether, the native cryptocurrency of the Ethereum blockchain and the second-biggest overall, climbed to as high as $2,718 around 1:00 coordinated universal time (9 p.m. ET), based on CoinDesk data. As of press time, ether was changing hands around $2,640, up 5.6% in the past 24 hours.

The new high came after three straight daily gains totaling 19%. The move extended the cryptocurrency’s stunning rally this year: It has tripled already in 2021, amid trader enthusiasm over growth in blockchain applications like decentralized finance (DeFi) and non-fungible tokens. Bitcoin (BTC), by comparison, is up 89% this year.

Intel, Microsoft Beef Up Customers’ Cryptojacking Defenses

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Microsoft and Intel are working together to more quickly and effectively identify and remediate cryptojacking threats for users, Intel said Monday.

  • Cryptojacking is the illegal use of another person or entity’s computer to mine cryptocurrency, often deployed through malware or compromised websites.
  • Intel’s new technology aims to more accurately detect malware regardless of the malicious code’s obfuscation techniques.
  • “This is a true inflection point for the security industry,” Intel’s Michael Nordquist, senior director of Strategic Planning and Architecture, said in a statement. “The scale of this CPU-based threat detection rollout across customer systems is unmatched and helps close gaps in corporate defenses.”
  • Microsoft cited research findings that coin-mining malware attacks increased 53% in the fourth quarter of 2020 compared to the third quarter.
  • Other research suggests cryptojacking has declined as crypto prices have surged in 2021.

Elon Musk’s Tesla Sold Bitcoin in Q1 for Proceeds of $272M

Tesla sold some of its bitcoin (BTC, -0.86%) stash in the first quarter for $272 million in proceeds.

The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.

In the slide deck accompanying the company’s first-quarter earnings results Monday, Tesla mentioned the sale of some bitcoin:

“Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in ‘Restructuring & Other’ line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses.”

Elon Musk’s electric vehicle company purchased $1.5 billion worth of bitcoin in February.

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Kirkhorn said on the call that Tesla invested in bitcoin to earn yield on its excess cash in a low-interest-rate environment.

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Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.

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