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Weekly Recap April 12th, 2021 – April 18th, 2021 Welcome to our 3rd weekly recap for April. Overview  Crypto News [1] Lockheed Martin adopts blockchain for supply chain management in Switzerland United States aerospace and defense contractor Lockheed Martin has signed an agreement with SyncFab, a Silicon Valley distributed manufacturing platform, to streamline supplier capabilities across Switzerland, offering yet another tangible use case for blockchain technology.   [2] Coinbase Shares Start Trading on Nasdaq Coinbase has finally made its debut on the Nasdaq exchange, kicking off its new journey as a publicly traded company that many bulls believe could be the next Amazon.   [3] Dogecoin Pumps 12 Percent After New Elon Musk Tweet After awing the world with a video macaque playing a video game with its brain earlier this month, billionaire Elon Musk is once again tweeting about Dogecoin after almost a month-long break.   [4] Ethereum (ETH) Nodes Stuck After Berlin Hardfork Activation. Here’s What Happened At around 3 p.m. today, Ethereum (ETH) developers and analysts acrossContinue reading »

Weekly Recap April 5th, 2021 – April 12th, 2021 Welcome to our 2nd weekly recap for April. Overview  Crypto News [1] After Bitcoin and Ethereum, CoinShares Launched a Physically-Backed Litecoin ETP After releasing physically-backed exchange-traded products tracking the performance of Bitcoin (BTC) and Ethereum (ETH) earlier this year, CoinShares has expanded its portfolio with the addition of a Litecoin ETP.   [2] Ripple wins access to SEC discussions on defining crypto assets as securities Ripple Labs has been granted access to the United States Securities and Exchange Commission’s documents “expressing the agency’s interpretation or views” on the subject of crypto assets.   [3] Hedge Fund Behemoth Millennium Management Dips Its Toes into Bitcoin According to an April 7 report by financial news outlet TheStreet, New York-based Millennium Management has traded the shares of Grayscale’s Bitcoin Trust. [4] Grayscale Acquires Huge Amounts of Recently Added Alts: BAT, MANA, LPT, FIL, LINK According to analytics website Bybt, over the past 30 days, the largest buyer of Bitcoin and other crypto assets, Grayscale,Continue reading »

Weekly Recap March 29th, 2021 – April 5th, 2021 Welcome to our 1st weekly recap for April. Overview  Crypto News [1] George Soros Buying Up Bitcoin Infrastructure “It’s everything from exchanges, asset managers, custodians, to the mundane like tax reporting on your crypto gains and everything in between.” So says Dawn Fitzpatrick (pictured), the chief investment officer of Soros Fund Management, in an interview with Bloomberg. [2] Grayscale Adds Over 5.5 Million XLM, As Well As MANA, FIL, LINK, BAT The largest Bitcoin buying fund, which also offers exposure to altcoins—including Ethereum and Stellar—has added 5,566,271 XLM and other altcoins, whose trusts have been launched recently. [3] IRS gets access to crypto exchange Circle’s user data, targets Kraken next Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken. [4] Banking Behemoth Goldman Sachs Preparing for Giant Leap Into Crypto Space Goldman Sachs is reportedly preparing toContinue reading »

Weekly Recap March 22nd, 2021 – March 28th, 2021 Welcome to our 4th weekly recap for March. Overview    Crypto News [1] Brazil Approves First Bitcoin ETF in Latin America Digital asset manager QR Capital reveals that it received the green light to launch the first-ever Latin American Bitcoin exchange-traded fund (ETF). [2] Experts say new South Korean crypto rules will create a monopolized market Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators’ new requirements. [3] Institutions Grab $800 Million in Bitcoin, While Miners Stop Dumping BTC and Start Accumulating According to a chart from analytics company CryptoQuant, on March 23, financial institutions bought and withdrew from Coinbase a staggering amount of crypto: 14,600 BTC. [4] Tesla Starts Accepting Bitcoin Tesla is now running bitcoin nodes and “internal and open source software” to accept bitcoin for payments according to Elon Musk, Tesla’s CEO. [5] Filecoin integrates with Chainlink to offer advanced decentralizedContinue reading »

Weekly Recap March 16th, 2021 – March 23rd, 2021 Welcome to our 3rd weekly recap for March. Overview    Crypto News [1] Report all crypto transactions or face 5-year jail term in South Korea South Korea’s cryptocurrency regulatory space is set to become even more tightly regulated with the incoming laws on financial reporting for crypto businesses in the country. [2] Litecoin Completes MimbleWimble Code for LTC Scaling and Privacy The Litecoin Foundation has completed the code for its MimbleWimble Extension Block (MWEB) which will enhance scaling and privacy for the cryptocurrency. [3] Grayscale Launches Five New Digital Asset Trusts, Said Investors Want Diversification Grayscale Investments, the largest digital asset manager, launched five new digital currency trusts, the company announced Wednesday. [4] Visa Looking to Enable the Purchase of Bitcoin on its Credentials, Says CEO Al Kelly Visa CEO, Al Kelly revealed the company’s plans to enable the buying of bitcoin using its credit cards during his recent podcast with Fortune’s ‘Leadership Next’. [5] Deutsche Bank Says Bitcoin Is NowContinue reading »

Weekly Recap March 9th, 2021 – March 16th, 2021 Welcome to our 2nd weekly recap for March. Overview  Crypto News [1] Ripple Officially Ends Its Partnership with MoneyGram Last month, MoneyGram suspended trading on Ripple’s platform after the blockchain company got sued by the U.S. Securities and Exchange Commission, but both parties were anticipating to resume their collaboration given that a multi-year contract between them was still in place. [2] Chinese social media Weibo suspends Huobi, OKEx and Binance accounts Chinese Twitter-alike social media Weibo has suspended the official accounts of Huobi, OKEx, Binance and MXC in what appears to be an effort targeted on crypto exchanges. [3] Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors Claims that Oracle would announce a 72,000 Bitcoin buy-in on Wednesday were left unsubstantiated by executives as Bitcoin fell from local highs of $57,300. [4] Grayscale Will Be Cashing Out Bitcoin to Get Back $250 Million of Its Shares, Peter Schiff Believes In one of his recent tweets, aContinue reading »

Weekly Recap March 1st, 2021 – March 9th, 2021 Welcome to our 1st weekly recap for January. Overview  Crypto News [1] Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment of 500 bitcoins is not met. [2] Crypto Bank Expands in India — Confident Government Will Approve Legitimate Use of Cryptocurrencies Crypto bank Unicas, a joint venture between Cashaa and United Multi State Credit Cooperative Society, has expanded its operations by opening another physical branch. The bank believes that the Indian government will introduce positive crypto regulation and not impose an outright ban on cryptocurrencies such as bitcoin. [3] Goldman Sachs Brings Back Bitcoin Trading Desk as theContinue reading »

Weekly Recap February 22nd, 2021 – Feb 29th, 2021 Welcome to our 4th weekly recap for Febuary. Overview  Crypto News   [1] US Secretary of Treasure Yellen Says Bitcoin is Inefficient for Transactions Cryptocurrencies could succeed if properly studied, but bitcoin is a highly speculative and inefficient asset, said US Treasury Secretary Janet Yellen.   [2] Can’t beat ‘em? Join ‘em: Mastercard and Visa make a case for Bitcoin On Feb. 10, Mastercard announced that it would start supporting a select few cryptocurrencies on its payment network. According to the payments giant, the inclusion of cryptocurrencies will allow customers to “save, store and send money in new ways” while opening up new opportunities for merchants as well.   [3] MoneyGram suspends trading on Ripple, citing SEC lawsuit Global money transfer service MoneyGram says it has changed its relationship with blockchain payments firm Ripple amid the latter’s litigation with the Securities and Exchange Commission.   [4] India’s Financial Regulator Orders Against Crypto Holdings: Report The Securities and Exchange Board of IndiaContinue reading »

Weekly Recap February 15th, 2021 – Feb 22nd, 2021 Welcome to our 3rd weekly recap for February. Overview    Crypto News   [1] NYDIG Registers for a Bitcoin ETF, Morgan Stanley Named a Participant in SEC Filing Just recently, during Microstrategy’s “Bitcoin for Corporations” event, Stone Ridge Asset Management and New York Digital Investment Group (NYDIG) founder, Ross Stevens, explained that he sees a “wall of money” entering the bitcoin space. A week later after that statement, NYDIG has revealed that the company has filed for a bitcoin exchange-traded fund (ETF) and is hoping for regulatory approval. [2] Dubai Government Licensing Entity Now Accepts Bitcoin for Payments A government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports. [3] Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool Btc.com A U.S. publicly-listed Chinese sports lottery firm is extending its arms into the crypto industry by announcing another related maneuver. 500.com Ltd announced it has acquired Btc.com, the well known bitcoinContinue reading »