| Bitcoin Adoption Gets a Major Boost As Banks Get Involved If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active user at FreeBitco.in. Your User ID 4327909 was last active on 2021-01-06.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Bitcoin seems to be coming back to its best as favorable news and institutions take charge. Meanwhile, the altcoin market shows no signs of stopping. Let's take a look at what happened Last Week in Crypto: ➤ Rising Institutional Adoption Helps BTC Reclaim $58,000 Bitcoin Returns to Familiar Resistance on the Back of Adoption News BTC | BITCOIN $56025.44 +3.68%  At the start of last week, Bitcoin tested the $59,000 resistance only to drop by 10% to a weekly low of $53,000. However, starting Thursday, BTC showed signs of recovery fueled by favorable adoption news. On 5th May, leading fintech company FIS announced a partnership with the Bitcoin-focused financial services provider NYDIG to introduce a solution that would enable banks to buy, sell, and hold Bitcoin for their clients. Furthermore, MercadoLibre - the largest e-commerce platform in Latin America - added $7.8 million of BTC to its balance sheet. This news is likely to have helped BTC retest the $58,000 level for the third time in 10 days. At the time of writing, BTC trades at $56,500. Another push to $58,000 could be positive. FUN Token Set to Launch a Decentralized Casino and New Token by the End of Q3 FUN | FUN Token $0.046887 +5.19%  FUN Token released a roadmap outlining development plans that stretch until the end of Q1 2022. In the near term, FUN Token plans to launch a custodial casino on the Ethereum mainnet. Transactions at this casino will be limited to deposits and withdrawals to avoid the impact of high gas fees. Eventually, a detailed token burning program will be announced. Profits earned through FUN Token-based gaming operations will be utilized to fuel this program. Going into the next quarter, the team will develop a new token on an alternate blockchain. This token will form the basis of a fast, low-cost gaming infrastructure. It will be pegged 1:1 to FUN Token. Take a look at the complete roadmap here. ETH Achieves New All-Time High As the London Hard Fork Draws Near  As the London hard fork draws near, ETH keeps breaking records. Last week, ETH reached a new all-time high of $3,609 as institutional investors keep pouring money into the project. Ether's dominance rose to 17% while Bitcoin stands at 44.5%. The hard fork is expected to take place in July and will introduce EIP-1559, a protocol upgrade that is set to change the structure of transaction fees on the Ethereum network. Furthermore, experts believe that a rally to $10,000 - $25,000 isn't that far away as ETH 2.0 looms on the horizon. Could Altcoins Rally 27,000% in 2021?  ETC | Ethereum Classic $118.73 -11.88% ADA | Cardano $1.62 +1.46% XTZ | Tezos $7.14 -6.01% Last week saw crypto bulls show faith in large-cap coins and Layer-1 blockchain pioneers as ETC, ADA, XTZ, and EOS all rallied to new highs. On Thursday, ETC (Ethereum Classic), rallied 80% to reach a new all-time high of $179. This rally may have been due to miners reacting favorably to ETC's dedication to a proof-of-work consensus mechanism. ADA (Cardano) also reached a new all-time high of $1.70 and signs of new record highs this week are positive. Meanwhile, XTZ (Tezos) also rallied 25% to reach an all-time high of $8.40. Block.one, EOS's parent company, recently commissioned a report that concluded the protocol needs to increase the rate of inflation from 1% to a rate between 1.2% and 3.8% in order to increase financial incentives for voters and block producers. The prospect of higher staking rewards helped spark a 100% rally since 5th May. According to popular trader Rekt Capital, the altcoin market could gain 27,000% if history repeats itself. At the start of 2017, the altcoin market cap flipped the previous cycle high to support. This level was the springboard that launched the altcoin market to a peak 27,000% above it i.e. December 2017. In 2021, altcoins flipped the 2017 high to support, and if history repeats itself, the potential altcoin market cap could be $152 trillion! Crypto News Weekly Roundup Crypto Takes Another Step Towards Mass Adoption As S&P Launches Crypto Indices  S&P Dow Jones Indices, a major global resource for financial data and research, launched three cryptocurrency indices last week. These indices will be tied to BTC and ETH and their performance. ''These indices are designed to measure the performance of a selection of digital assets (crypto assets) listed on recognized, open exchanges that meet minimum liquidity and market capitalization criteria.'' the company stated. ''The indices aim to bring transparency to the emerging cryptocurrency market.'' The three indices include the S&P Bitcoin Index, the S&P Ethereum Index, and the S&P Cryptocurrency MegaCap Index that tracks the performance of BTC and ETH weighted by market cap. Sotheby's to Accept BTC and ETH Payments Facilitated by Coinbase  2021 has seen traditional auction houses move into the crypto space aggressively. The perfect example would be the sale of Mike Winkelmann's digital artwork ''Everydays: The First 5000 Days'' by Christie's in February. Now Sotheby's, one of the world's biggest and oldest auction houses, has announced that they'll be accepting payments in BTC and ETH at an upcoming auction of Banksy's ''Love is in the Air.'' The auction house has partnered with Coinbase to facilitate this transaction. This move brings the next step in exploring crypto payments for Sotheby's after they debuted NFTs earlier this year. STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. 
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Could Your Altcoin Investment Multiply by 27,000%?
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