Weekly Digest: Binance Bans Select Russians, FTX Seeks Plans for IPO
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April 22, 2022

What happened to crypto market this week

Binance Imposes Sanctions Against Russian Users

Following the EU's fifth round of sanctions against Russia, Binance imposed sanctions against the citizens of this country. From now on, Russian customers with more than €10,000 in crypto assets will only be able to use the withdrawal function. From now on, such Binance customers will not be able to trade on the exchange or deposit additional funds into their accounts.

Goldman Sachs CEO Held Private Meeting with FTX Over Potential IPO: Report

FTX is reportedly weighing plans to go public as Goldman Sachs CEO David Solomon met FTX Founder Sam Bankman-Fried in March this year to discuss potential partnership. According to a report, the New York-based banking giant wants to advise the exchange on future funding rounds, and FTX's two chief execs discussed if the bank could participate in a potential initial public offering.

Blockchain.com to Go Public This Year: Report

Crypto exchange and wallet provider Blockchain.com is exploring the possibility of going public this year, Bloomberg has reported citing sources familiar with the matter. However, at this stage, the company is discussing with investment banks the organization of the initial placement process.

Coinbase NFT Marketplace Goes Live for Select Users in Beta

Cryptocurrency exchange Coinbase officially launched its own marketplace for non-fungible tokens (NFTs), but in beta mode for select users only. The exchange said in a blog announcement that beta testers can create their profiles to buy and sell digital collectibles using any self-custody wallet.

The total capitalization of the cryptocurrency market at 7:45 pm (UTC) is $1,846,413,180,524

  • Bitcoin (BTC) lost 2.1% to $39,531.19
  • Ether (ETH) lost 1.9% to $2,966.75
  • Binance Coin (BNB) lost 2% to $408.3
  • XRP (XRP) lost 6.84% to $0.72

Top performer over the past week among the top 100 cryptocurrencies: GMT (+38.13%), according to CoinGecko.

Mining Profitability

  • Bitcoin: $0.1546 for 1 TH/s
  • Ethereum: $0.041 for 1 MH/s
  • Bitcoin Cash: $0.1817 for 1 TH/s
  • Litecoin: $1.620 for 1 GH/s
  • Dash: $0.0184 for 1 GH/s
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