Coinbase NFT launches beta, eyes IPO and other news

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A week in review: April 17–23

We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news:

#1. Coinbase announces beta of NFT marketplace with social engagement

Speaking of the only U.S. crypto exchange to go public, Coinbase rolled out an early beta of its NFT marketplace for a select number of testers this week. At this stage, the early adopters of Coinbase NFT can create online profiles as well as buy and sell NFTs.
In a blog post on Tuesday, Coinbase vice president of product and ecosystem Sanchan Saxena hinted that Coinbase NFT would be a hybrid platform that took elements from social media services and marketplaces such as OpenSea.
"While it is true that buying and selling NFTs is a big part of the ecosystem today, what we have learned by talking to many customers and creators is that there is more to it than just buying and selling," said Saxena. "There is the community aspect of it."
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#2. Crypto startup Blockchain​.com planning 2022 IPO

It was reported on Tuesday that $14 billion crypto exchange is holding talks with banks regarding the launch of a potential IPO this year.
Bloomberg's unnamed sources stated that the talks were highly tentative and could change at any time (especially if those unnamed sources have been instructed by to leak information to get a sense of public sentiment before revealing anything concrete).
If the firm manages to get through all the regulatory hurdles and go public via an IPO, it would join Coinbase as the only other U.S. crypto exchange to do so. Binance.US is also looking at a potential similar route in the future.
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#3. AMC Theatres mobile app accepts Dogecoin, Shiba Inu and more

Retail traders' favorite cinema chain, AMC Theatres, updated its mobile app to support Dogecoin and Shiba Inu payments. United States-based customers using Apple or Android phones can both download the app and spend their highly volatile memecoins on movie tickets.
The firm first teased the idea back in January, after rolling out payment support for Bitcoin, Ether, Bitcoin Cash and Litecoin in November.
AMC is able to accept crypto payments via a partnership with BitPay, a Bitcoin payment service provider.
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#4. Prediction of the week. BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high

Bitcoin's price took a dive below $40,000 on April 17, according to Cointelegraph's BTC price index. The asset then proceeded to dip down to almost $38,500 on Monday, followed by a subsequent move up past $41,000 in the same day. By Thursday, the asset had made its way up to around $43,000, although downward action followed on the same day, with the asset then falling down below $40,000.
Pseudonymous trader "Crypto Ed" posted a YouTube video on Monday talking about BTC price action. Looking back now, his expectations for the asset have proven pretty accurate. He expected $37,500 to serve as a bouncing point for BTC, followed by a potential run to $43,000 if the asset surpassed $40,000. He noted $43,000 as possibly just a local high, with the asset facing downward price pressure after that.The past  week shows BTC moving pretty much in line with Crypto Ed's comments.
He did, however, also mention that the next two weeks (from the date of his Monday video), approximately, could ultimately see BTC arrive at the $30,000 price level.
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#5. FUD of the week. MetaMask warns Apple users over iCloud phishing attacks

Crypto wallet provider MetaMask warned the community of potential Apple iCloud phishing attacks that could become very costly.
The security issue is related to default device settings on Apple devices which see a user's seed phrase or "password-encrypted MetaMask vault" stored on iCloud if the user has enabled automatic backups for their MetaMask application data.
MetaMask's warning came in response to reports from an NFT collector who goes by "revive_dom" on Twitter, who stated that their entire wallet containing $650,000 worth of digital assets and NFTs was wiped via this specific security issue.
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#6. FUD of the week. FBI and CISA issue alert over North Korean cyberattacks on crypto targets

On Monday, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) and Federal Bureau of Investigation (FBI) sent out an alert regarding North Korean state-sponsored cyber attacks.
The warning was made in response to the Ronin Bridge hack last month, which is believed to have been conducted by North Korean hackers. The FBI and CISA highlighted that hackers are specifically targeting DeFi protocols and play-to-earn games in particular, with spearphising and malware being the methods of choice.
"These actors will likely continue exploiting vulnerabilities of cryptocurrency technology firms, gaming companies, and exchanges to generate and launder funds to support the North Korean regime," the CISA wrote.
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