Crypto News Digest March 21-27

21 March, 2021

A year into the pandemic: How Argentina’s economy struggled while its crypto ecosystem flourished.

As neighboring countries such as Canada and Brazil approve their first bitcoin ETFs, all attention is on the U.S. anticipating when the country’s financial regulators will green-light an ETF for the world’s largest cryptocurrency by market cap.

SkyBridge Capital Founder: Bitcoin Will Have a Billion Users by 2025.

22 March, 2021

Bitcoin is lacking key ingredients that would make it a useful currency. As a result, the crypto currency is essentially more of a substitute for gold than the dollar, Fed Chairman Jerome Powell said Monday.

Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb.

Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira.

Microsoft has reportedly polled customers on alternative payment methods such as Bitcoin for its Xbox online store.

23 March, 2021

CNBC host Jim Cramer has revealed he made “a ton of money” on Bitcoin (BTC) but gold “let him down.”

The South Korean arm of the cryptocurrency exchange OKEx has decided to shut up shop rather than attempt to navigate revised regulatory hurdles that come into effect on Thursday.

Brave browser to integrate dedicated Binance Smart Chain defi wallet. The privacy-centric web browser Brave will soon integrate a dedicated Binance Smart Chain wallet, according to a recent announcement.

Co-founder of major Indian tech company Infosys Nandan Nilekani has urged the government to help MSMEs access capital using Bitcoin.

24 March, 2021

A new filing with the U.S. Securities and Exchange Commission indicates that asset management giant Fidelity is seeking to create a bitcoin exchange-traded fund (ETF).

NYDIG cuts Bitcoin fee to 0.3% for investors as Morgan Stanley opens floodgates

Bitcoin rewards app, Lolli, has announced the close of its pre-series A fundraising round after raising $5 million.

Blockchain.com, a London-based firm that provides a variety of cryptocurrency services to retail and institutional clients, raised $300 million in a deal that highlights venture capital’s growing willingness to jump back into the bitcoin frenzy.

25 March, 2021

Governments are looking to buy Bitcoin, NYDIG CEO confirms

Despite major companies like Tesla now allowing customers to pay in bitcoin , Cathie Wood of Ark Invest has advised cryptocurrency investors against using the cryptocurrency as a payment.

Rejecting crypto as a reserve currency will lead to an Indian currency devaluation of the worst kind, warns blockchain entrepreneur Raj Chowdry.

Ed Tilly, the CEO of CBOE Global Markets, says that the Chicago-based exchange holding company hasn’t “given up on” crypto, despite earlier setbacks.

26 March, 2021

Comparing the “rhythm” of Bitcoin’s 2017 bull market to the current one, McGlone estimates that Bitcoin’s price could peak at about $400,000 by the end of the year.

Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin may once have been considered a fringe asset, but the inflation of the United States dollar has changed that.

U.K-listed Argo Blockchain said it has signed a memorandum of understanding with blockchain and cryptocurrency technology firm DMG Blockchain Solutions to launch a bitcoin mining pool completely powered by clean energy.

27 March, 2021

Ray Dalio, the founder of Bridgewater Associates hedge fund firm, believes that the US government could ban Bitcoin if the leading cryptocurrency becomes too successful.

The CEO of New York Digital Investment Group (NYDIG) Robert Gutmann, has revealed that sovereign wealth funds are making inquiring about investing in the flagship cryptocurrency bitcoin.

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