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In brief
Galaxy Digital’s Mike Novogratz criticized the SEC for allowing the Grayscale Bitcoin Trust (GBTC) to function in the absence of approving a true Bitcoin ETF.
His firm is one of several hoping to launch a Bitcoin ETF in the US, allowing investors to gain exposure to the cryptocurrency.
In brief
Francis Suarez has advanced pro-cryptocurrency policies as Miami mayor.
He believes adoption is too widespread to kill Bitcoin.
There’s been a lot of hemming and hawing in Washington, D.C.—and even among Silicon Valley FinTech companies—about the need to regulate cryptocurrency.
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The “original” yet ironically “wrong” Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun.
Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week.
In brief
The Iran Central Bank legalized Bitcoin mining in 2019.
Last year, it mandated that registered miners sell their earnings to the bank.
In brief
Square’s revenue surged thanks to the popularity of Bitcoin on its Cash App.
The company’s share price jumped .
In an accounting quirk, Square had to mark down the value of the Bitcoin it holds.
In brief
Bitcoin recently opened up its Bitcoin trading desk.
Now, it’s going after big spenders.
Goldman Sachs, a global investment bank with over $2 trillion in assets under management, will begin allowing large investors the chance to bet on the future price of Bitcoin.
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In brief
Ross Gerber, Meltem Demirors, and Dan Barile chatted about institutional investment at Ethereal Summit.
Gerber suggested worries about cryptocurrency’s risks are overblown.
Demirors wants the “separation of money and state.
The pandemic has prompted a huge boost to crypto prices. Bitcoin is up 526% in the past year, and Ethereum is up 2,000%.
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In brief
Pay-per-mile car insurance firm Metromile will soon support Bitcoin payments for premiums and claim payouts.
To this end, the company plans to buy $10 million worth of BTC in Q2 2021.
In brief
Mercado Libre has purchased $7.8 million worth of Bitcoin in Q1 2021.
It becomes the first major publicly traded firm in Latin America to add cryptocurrency to its treasury.
Latin America’s leading online marketplace Mercado Libre has added $7.8 million in Bitcoin to its balance sheet.
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