BeInCrypto Weekly News Round-Up – April 2

2021-4-3 19:19

Welcome to BeInCrypto’s weekly news roundup for March 29 – April 2, where we cover all the interesting news that happened in crypto from Monday to Friday.

This week’s most popular stories all had to do with significant developments in the institutional adoption of cryptocurrencies. First of all, several institutional investment firms have filed with the US Securities and Exchange Commission (SEC) to offer Bitcoin exchange-traded funds (ETFs). These firms include Cboe Global Fund, Goldman Sachs, and Fidelity Investments.

Next, crypto payments are being facilitated with the announcement of their adoption by PayPal and Visa. Finally, Coinbase announced that its registration statement with the SEC had been declared effective, paving the way for a direct listing later this month.

Bitcoin ETFs

Early last month, Cboe Global Fund filed a proposal with the SEC to list and trade shares of the VanEck Bitcoin Trust. This would be the fund’s second attempt at doing so, after previously trying in 2019

This has been followed-up more recently by Goldman Sachs and Fidelity Investments last week. On March 19, the investment bank applied with the SEC to offer a BTC ETF. The investment company followed suit a few days later, on March 24.

Analysts from JP Morgan noted that BTC’s volatility had dropped recently. BTC’s three-month realized bitcoin volatility dropped to 86% in March, while the six-month metric leveled off at around 73%. 

BTC’s volatility has been a sticking point for BTC skeptics. JP Morgan strategist Nikolaos Panigirtzoglou said:

“In our opinion, a potential normalization of bitcoin volatility from here would likely help to reinvigorate the institutional interest going forward.”

Crypto Payments

Meanwhile, the ability to make payments with cryptocurrency has made strides this past week. On March 30, PayPal announced that it would allow customers in the United States to use their cryptocurrency holdings to pay at online stores across the world. The mechanism, ‘Checkout with Crypto,’ enables users to pay with bitcoin (BTC), ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). 

The day before, Visa announced it would allow using USD Coin (USDC) to settle transactions on its payment network. The company said it is initially launching a pilot program with payment and crypto platform Crypto.com. However, it plans to add more partners later this year. Earlier this year, Visa CEO Al Kelly suggested the company could begin adding cryptocurrencies to its payments network.

Coinbase Listing

Finally, this week Coinbase announced the latest development in its efforts to go public. On April 1, the SEC declared Coinbase’s S-1 registration statement to be effective. With this development, the crypto exchange expects the direct listing of its shares on April 14. Its class A common stock will trade on the Nasdaq, under the ticker symbol COIN. If the listing proves successful, it will likely set a precedent that many other crypto firms will follow.

Tune in next Friday for BeInCrypto’s latest weekly roundup!

The post BeInCrypto Weekly News Round-Up – April 2 appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Allion (ALL) на Currencies.ru

$ 0.0002904 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0002904 - H: $0.0002904
Капитализация $1.8k Rank 99999
Доступно / Всего 6.199m ALL

all institutional filed securities firms several investment

Источник: beincrypto.com

all institutional → Результатов: 126


Фото:

TABANK Revolutionizing the Financial Services Sector with its One-Stop Crypto Ecosystem

With an integrated digital banking platform, TABANK, a Singapore-based crypto firm is leveraging blockchain technology to offer high quality and secure financial services solutions to a varied range of institutional as well as personal finance requirements in its One-Stop Crypto Ecosystem for All Needs Ecommerce, Wallet, Exchanges Crypto, Social network app. Also, the app is […]

2021-3-12 16:14


Фото:

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the last 30 days. Cryptocompare published […]

2021-2-28 23:30


Litecoin, Chainlink, Cardano, Bitcoin Cash? Which alts are close to levels that indicate a bounce in price?

As Bitcoin’s price rallied above $24000 and hit a new ATH, it garnered most of the institutional and retail attention this week and over the past weekend as well. With all focus on Bitcoin, investmeThe post Litecoin, Chainlink, Cardano, Bitcoin Cash? Which alts are close to levels that indicate a bounce in price? appeared first on AMBCrypto.

2020-12-23 22:00


Фото:

Goldman’s Digital Assets Chief: Interest in Crypto Is Seeing a Resurgence

The crypto market is one of the best-performing markets in 2020. Year to date, the market capitalization of all digital assets is up by approximately 80%. Bitcoin alone is up 65%. According to Goldman Sachs’ new head of digital assets, Mathew McDermott, the rally is materializing in a resurgence in institutional interest in crypto. He […]

2020-8-7 06:00


Фото:

Only 1% of Institutional Money Needed to Boost Bitcoin Beyond $50,000 – Messari

New York-based research firm Messari has released a new report exploring the possibility of redirecting a mere 1% of all institutional money away from traditional assets and into Bitcoin. According to Messari analyst, Ryan Watkins, the scenario could lead to inflows worth hundreds of billions of dollars, pushing Bitcoin prices well beyond $50,000.

2020-6-26 18:05


Institutional Investors Are Scooping Up All the Newly Minted BTC, Leaving Not Much Left to Buy

Over the last three months, Grayscale Investments bought up to 33% of all newly minted bitcoin. The asset manager continues to stockpile the world’s leading digital asset for its clients having added nearly 70,000 BTC to its Bitcoin Trust Fund between February to May 17, reads a researcher’s post on Reddit. The researcher noted, “The […]

2020-5-24 16:49


DACX ICO

Digital Asset & Commodity Exchange leverages artificial intelligence and high performance computing technology, optimized towards providing an efficient, secure and compliant marketplace with product solutions for both institutional grade and retail clientele.

2019-11-7 11:33


Фото:

Bakkt Bitcoin Futures Contracts Top $10 Million in Daily Volume Again

Since launching in September, all eyes have been on Bakkt and its physically-settled Bitcoin futures contracts to see if the institutional uptake would be as significant as expected. There may have been a little too much hype, but recent spikes above $10 million in daily trading volume could mean that Bakkt is finally breaking into […] The post Bakkt Bitcoin Futures Contracts Top $10 Million in Daily Volume Again appeared first on BeInCrypto.

2019-11-6 18:10


CME exec says group is expecting huge demand for its Bitcoin Options from Asia

The CME Group is all set to launch yet another Bitcoin derivatives product in the form of Bitcoin Options in the first quarter of 2020. Its Bitcoin Futures contracts turned out to be a great hit among institutional investors and the group is hoping that the soon-to-be-launched Bitcoin Option would be a great hit as […] The post CME exec says group is expecting huge demand for its Bitcoin Options from Asia appeared first on AMBCrypto.

2019-10-10 10:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Visa vs. stablecoins: are they really competing?

Is Visa’s report on stablecoins an objective analysis, and who is behind the majority of transactions if not real users? Stablecoins, crypto’s promise for stability and utility, are facing a stark challenge: their actual use. A recent study by Visa…

Tens of billions in stablecoin transactions ‘inorganic,’ Visa says

International payment giant Visa has unveiled a new study challenging the assumption that stablecoin turnover is approaching levels seen in traditional payment networks. Visa, a global payment network, has raised concerns about the reliability of stablecoin transactions, opposing the common…

Криптобиржевой рынок Беларуси: перспективы и подводные камни

Криптовалютный рынок Беларуси представлен пятью официальными биржами. Рассказываем о нюансах работы площадок, узнаем у операторов о законодательных нюансах, выгоде и интересе к белорусскому рынку российского бизнеса.