Hodler's Digest, April 1-7: Top Stories, Price Movements, Quotes and FUD of the Week

Major U.S. crypto exchange and wallet Coinbase stated this week that it has expanded into cross-border payments.

Coinbase also made the news again this week when it announced that the insurance coverage for its hot wallet crypto holdings is covering a $255 million limit through a Lloyd's of London-registered broker.

Pakistan's Central Bank Aims to Issue Its Own Digital Currency by 2025.The deputy governor of the State Bank of Pakistan, Jameel Ahmad, said this week that the institution plans to issue their own digital currency by 2025.

According to Bloomberg's data, algo funds reported gains of between 3 and 10% per month during the past crypto winter, while crypto funds lost a total of around 72% during the same time.

The crypto markets are still trading high at the end of the week, with Bitcoin at $5,158, Ethereum around $168 and Ripple at $0.36.

The top three altcoin gainers of the week are EZOOW, Cryptrust and Luna Coin.

The top three altcoin losers of the week are Sharpe Platform Token, Guaranteed Ethurance Token and dietbitcoin.

"As soon as there is news about the people in crypto get excited and say, see it's becoming mainstream but if you look carefully about what they want to do, if and when they're going to do it, it's not going to be blockchain, it's not going to be crypto it's going to be on a single ledger, secured."

Speaking in an interview with CNBC, Kelly stated that $6,000 was a reasonable price point, his comments coming in the aftermath of this week's price surge that saw Bitcoin's price jump by over 15 percent to reach over $5,000 for the first time since November 2018.

Big Four audit firm Ernst & Young, which is working with now-defunct Canadian crypto exchange QuadrigaCX, said this week that the exchange should be placed in bankruptcy rather than being restructured.