Crypto News Digest April 4-9

04 April, 2021

Gemini CEO and Bitcoin bull Tyler Winklevoss believes that the US government might be increasing regulations on Bitcoin, but the possibility of a ban on the cryptocurrency industry is very unlikely.

On-chain data suggests no more selling by Bitcoin miners

05 April, 2021

Ark Invest believes Bitcoin’s (BTC) market capitalization will one day “comfortably eclipse” that of gold’s, and exceed $10 trillion, reports the London Times.

New Wall Street Bitcoin report finds radical $100,000 Bitcoin price model is ‘Worth Understanding’

Institutions have not really engaged with Bitcoin as a property, or so says Kevin O’Leary, the Canadian businessman and recent political candidate. The future of Bitcoin, according to O’Leary will see two types of Bitcoin, the “blood coin” from China, and a “clean coin” that is mined sustainably.

06 April, 2021

Bitcoin risks falling below $50,000, according to a trade setup shared by Jonny Moe, an independent market analyst.

The United Nations International Children’s Emergency Fund (UNICEF) has received a bitcoin donation worth nearly $400,000 from Huobi Charity.

Gemini, the U.S.-based crypto exchange and custodian founded by Tyler and Cameron Winklevoss, has announced it will provide custody services for the forthcoming Bitcoin fund from Brazil’s top investment bank, BTG Pactual.

Iconic lifestyle and entertainment magazine brand Playboy announced that it will launch digital collectibles in the form of blockchain-based non-fungible tokens (NFTs), via a partnership with the Winklevoss-owned NFT marketplace Nifty Gateway.

07 April, 2021

Coinbase raked in $1.8 billion revenue in the first quarter of this year, according to new figures released one week prior to the company’s public listing on Nasdaq.

According to digital asset investment manager CoinShares, the first quarter of 2021 hit a new record for institutional crypto product inflows.

United Kingdom-based Bitcoin (BTC) mining firm Argo Blockchain just recorded the best quarter in its history, generating record revenues for three months straight. Yet despite the burgeoning cryptocurrency mining venture emerging in the west, the vast majority of Bitcoin production still takes place in China, where cheap, coal-powered electricity fuels an untold number of mining rigs.

08 April, 2021

Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February.

As Ripple prepares for court, XRP enthusiasts are rallying around a petition that is asking the SEC chair nominee Gary Gensler to drop the lawsuit alleging that the blockchain payments firm conducted a $1.3 billion sale of an unregistered securities offering after his official confirmation as the agency’s chairman.

Consulting firms similar PwC Russia said that Russians person been progressively reporting their income from cryptocurrency operations.

09 April, 2021

Hong Kong app-production firm Meitu has revealed that it holds $100 million worth of cryptocurrencies in its portfolio. This was revealed in a disclosure filing on Thursday with the Hong Kong Stock exchange.

A Nasdaq-traded Chinese Bitcoin mining firm, Efang, has seen its shares fall 20% after a damning short report unveiled some alleged dodgy dealings.

Buying MicroStrategy stock (MSTR) is reportedly now not doable for HSBC clients on the financial institution’s on-line buying and selling platform — HSBC InvestDirect

 

 

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