Weekly technical analysis of cryptocurrencies April 27

Digital Currency Group and Coinbase were named in Time Magazine’s 100 Most Influential Companies in 2021.

According to Cointelegraph, Time magazine continues to heat up the cryptocurrency market by naming Digital Currency Group and Coinbase in the list of 100 most influential companies in 2021.

The list of the top 100 companies, published on April 27, highlights the impact that the two cryptocurrency giants have had over the past 12 months. This list consists of 4 different groups of pioneers, leaders, innovators and fundamental change makers.

Digital Currency Group is categorized as one of the fundamental change makers alongside big names like Tesla, Huawei, Shopify and Club House. Time notes that Digital Currency Group is building a cryptocurrency space for investors through its subsidiaries, including Skills Asset Management and the Kevin Desk website. Assets managed by Gray Skill are worth $ 45.5 billion to date.

In January 2020, the Bitcoin Trust Scale Investment Fund became the first financial product to be fully backed by cryptocurrency and report to the US Securities and Exchange Commission. This will open a trust fund and then blockchain for more investors.

Although Gary Skill has performed well over the past year, the inclusion of its parent company on the list may be due to its recent collaboration with Time magazine. The publication and Gary Skill are collaborating to publish a series of educational videos on cryptocurrency. Time has also agreed that GrayScale payments will be in bitcoin form and will keep bitcoin on its balance sheet.

Coinbase is next to giants such as Facebook, Alibaba, Google, Wal-Mart and Amazon. The exchange was described as “cryptocurrency protection” in connection with its April 14 listing on Nasdaq. The exchange had higher revenues in the first quarter of this year compared to the whole of 2020. Coinbase reportedly earned $ 1.8 billion in the first quarter of 2021 and $ 1.2 billion last year.

This year has been a big one for cryptocurrency, but nothing has been more credible than the direct listing of Coinbase on Nasdaq on April 14. An exchange where 56 million users buy and sell bitcoins and other cryptocurrencies. Coinbase closed its first trading day with nearly $ 86 billion in transactions, making it the most valuable exchange in the United States and putting cryptocurrencies in a position to boost Wall Street credit.

The addition of Coinbase and Digital Currency Group to this list is another step towards the acceptance of cryptocurrency by the mainstream. Until recently, it was hard to imagine that the two, like Disney, BP, People, Adidas, Spotify and Airbnb, would be on the top 100 companies.

Time Magazine was first published in March 1923. Time online magazine and magazine gradually introduced itself to the world of cryptocurrency. In March, Time auctioned off its first tokenized collection of magazine covers as NFTs, which sold the most NSWs at approximately $ 250,000.

Last week, Time announced its partnership with Crypto.com to accept cryptocurrency for an 18-month digital subscription. Also, 10% of the money will be returned to readers who made their payment using CRO, Kevin Crypto.com.

Weekly technical analysis of cryptocurrencies April 27