Each passing day, new companies, institutions, banks, and governments are Joining the bitcoin and cryptocurrency. Here is a list of the highlights.
With so much going on in the crypto world daily, it is getting difficult to keep track of what’s happening. We will list the most important news on new arrivals of importance joining the Crypto space and update the list daily as they come.
[1-03-2021] – Goldman Sachs enters the crypto market
After a hiatus of 3 years, Goldman Sachs has relaunched its crypto trading desk. As per CoinDesk, Goldman Sachs will again support Bitcoin futures trading. The crypto trading desk is likely to aid Goldman Sachs’ in launching Bitcoin ETFs.
[12-02-2021] – Spend Bitcoin on Apple Pay now
If you are a user of Bitpay’s Prepaid Mastercard in the United States, then BitPay has good news for you. Now you can spend Bitcoin online, in-store, and in apps through Apple Wallet and Apple Pay.
Not only Bitcoin, but you would also be able to spend cryptocurrencies like Ether and Bitcoin Cash, which the BitPay Wallet app supports. Additionally, stablecoins such as Binance USD, Gemini Dollar, Paxos Standard, and USD Coin will also be supported. BitPay is aiming to bring similar support for Google Pay & Samsung Pay in March this year.
[12-02-2021] – A New Bitcoin Fund Announced by Jack Dorsey & Jay Z
Jack Dorsey, CEO of Twitter along with Rapper Jay Z are launching a Bitcoin Development Fund with an investment of 500 Bitcoins, worth around $23 million. With their focus on Africa & India, Dorsey tweeted that they are not accepting applications for “blind irrevocable trust.” Promising zero direction from Jay Z & him, Dorsey reiterated that they are looking for three more board members.
The First-ever North American Bitcoin exchange-traded fund (ETF) has been approved by the Canadian securities regulators. It will be launched by Purpose Investment. There are similar European investment products that Bitcoin backs but the Purpose Bitcoin ETF (ticker: BTCC) are the first investment vehicle calling it a Bitcoin ETF.
Praising this city governing council, Miami Mayor Francis Suarez said:
“It’s wonderful to be a very ‘crypto-forward’ city in the city of Miami, and I want to thank my commission colleagues for allowing that to happen.”
Miami governing commission passed a resolution under which they will study how feasible it is to pay their employees and allow residents to pay their taxes in Bitcoin.
Later this year, Mastercard, the global payment behemoth will offer an option to merchants to accept crypto payments. Mastercard did not make any announcements about which of the cryptocurrencies it would support for crypto payments on its network.
Mastercard is not new to the crypto world, as it has partnered with Wirex and Uphold to offer crypto cards to support crypto transactions. The announcement about integrating digital currencies on the Mastercard network was made by Michael Miebach, the new CEO of Mastercard, during his first Mastercard earnings call on 28th January. This decision is aimed at providing the flexibility of payments to both merchants and the customers.
The Virginia-based Blue Ridge Bank with 19 ATM locations announced that users would be able to buy and redeem bitcoins from their ATMs. With this announcement, Blue Ridge Bank became the first commercial financial institution in the United States to allow users to purchase and redeem Bitcoin, the largest cryptocurrency by market cap, through its ATMs.
The number of businesses accepting crypto payments is increasing and Florida-based Daytona Nissan is new to join. Users who want to book a Nissan car Tron Daytona Nissan can now pay their down payment in Dogecoin and the maximum ceiling for a down payment in Dogecoin is $5000.
[11-02-2021] – Ned Segal, Twitter’s CFO, Says the Social Media Giant is Considering Adding Bitcoin to its Balance Sheet
Twitter’s CFO Ned Segal said that Twitter is looking into Bitcoin & is considering if they should add Bitcoin to their balance sheet. He disclosed that there have been no changes yet about this matter.
While in his interview to CNBC, Segal Said:
“We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in bitcoin, how we might pay a vendor if they asked to be paid in bitcoin, and whether we need to have bitcoin on our balance sheet should that happen.”