Digital Assets Report 67
- Luna Foundation Guard & Micro Strategy purchase more Bitcoin
- Cash App & Bitpay integrate 'Bitcoin Lightning Network'
- BTC drops below $42k as Crypto Market Cap drops below $2tn
- UK to regulate stablecoins in push to become a Crypto Hub
Business
Luna Foundation Purchases 4,130 Bitcoin Bringing its Total to 39,897 BTC - Ethereum World News
The Luna Foundation has bought an addiitonal 4,130 Bitcoin bringing the total held by the project to 39,897 BTC.
John P. Njui
MicroStrategy Buys $190 Million Worth of Bitcoin at $45,714
Bitcoin permabull Michael Saylor revealed that his company bought yet another $190 million worth of BTC.
George Georgiev
Cash App Announces New Lightning Integration, ‘Pay Me In Bitcoin’ Feature
During a presentation at Bitcoin 2022, Miles Suter of Cash App announced a slew of new bitcoin features for the popular payments service.
Peter Chawaga
Bitcoin Payment Processor BitPay Announces Support For Lightning Payments
Long-standing bitcoin payment processor BitPay announces Lightning Network support, bringing efficient bitcoin payments to millions of shoppers.
Peter Chawaga
WSJ News Exclusive | Crypto Startup Wyre Being Acquired by Payments Company Bolt for $1.5 Billion
The deal, valued around $1.5 billion, would make it the largest merger in the crypto sector that didn’t involve a blank-check company.
Paul Vigna
Ethereum Rival NEAR Protocol Raises $350 Million in New Funding - Decrypt
This new raise by NEAR Protocol was led by Tiger Global, with participation from FTX Ventures, Dragonfly Capital, and others.
Jason Nelson
Binance.US raises over $200M in first seed round – TechCrunch
Binance.US raised over $200M in its first external funding round, putting its pre-money valuation at $4.5B as it builds out a roadmap for an IPO.
Jacquelyn Melinek
Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas
Blockstream and Jack Dorsey’s Block are breaking ground on a solar- and battery-powered bitcoin mine in Texas using solar and storage technology from Tesla.
Goldman Sachs plans to offer OTC trading for Ethereum options | Invezz
Goldman Sachs has announced plans to provide over-the-counter (OTC) options trading for Ethereum (ETH/USD) to its clients. The Wall Street giant has attributed this to increased interest and demand for Ether. The launch of this product comes after Goldman Sachs announced the launch of an OTC options…
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Intel Doubles Down on ESG With Launch of Second-Gen Bitcoin Mining Chips
The “Intel Blockscale ASIC” chip boasts efficiency up to 26 J/TH, which would make it better than most Bitmain and MicroBT models now on the market.
Aoyon Ashraf
Digihost Becomes First Publicly Traded Miner to Offer Bitcoin Dividend Payments
The miner also expects a 1.5 exahash per second (EH/s) of average hashrate for 2022, which is about 5.5x more than its 2021 mining power.
Aoyon Ashraf
Markets
Crypto Charts 61
BTC MACD divergence suggests a low will be in place soon, followed by a move back above $44k, confirming wave v is underway ETH A move above $3′305 will confirm wave v is underway, with stops set at $2′820 Bitcoin Short-Term Chart Last time we said: ’we are close to
Matthew Clark
Bitcoin Slips Under $42K as Mounting Macro Risks, Dollar Strength Overshadow LFG Purchases
Macro uncertainties keep traditional investors from following LFG’s lead in accumulating bitcoin at current valuations.
Traders Drain $4.3 Billion Worth of Bitcoin from Exchanges
Traders and investors choose alternative options for funds accumulation
Arman Shirinyan
The most important takeaway from these large Terra purchases of #Bitcoin is that Bitcoin is liquid enough to absorb such massive order without a huge impact on price.
— Vijay Boyapati (@real_vijay) April 7, 2022
BTC has truly become a macro asset, near the scale of gold and treasuries, and it's early days yet. pic.twitter.com/rvnPpWE0cE
Regulations
UK to regulate stablecoins for payments in crypto hub push
The UK plans to regulate stablecoins as payments and create a blockchain sandbox to mark Her Majesty’s entry into the ‘crypto hub’ race.
Ningwei Qin
UK’s Sunak asks Royal Mint to create an NFT, to be issued by summer
British finance minister Rishi Sunak has asked Royal Mint to create a non-fungible token which is to be issued by the summer, the Treasury said on Monday, adding it was part of its forward-looking approach towards cryptoassets.
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Biden targets crypto wealth for $11 billion in new tax revenue
No one said joining the mainstream financial system would be free.
Brady Dale
European Commission calls financial services experts on rollout of digital euro
The European Commission has started working in the direction of rolling out its CBDC
Aakanksha Chaturvedi
Yellen to Lay Out Broad Principles for Regulation of Digital Assets
Christopher Condon
U.S. Senator Toomey releases draft bill setting up framework for stablecoins
On April 6, Senator Pat Toomey of the U.S. Senate Banking Committee released his draft of the Stablecoin Transparency of Reserves and Uniform Safe Transactions Act (Stablecoin TRUST Act). The in-progress bill currently focuses on a new definition of “payment stablecoins,” which must be convertible…
EU moves to block the provision of 'high-value' crypto services to Russia
Opinion
Bitcoin Mining is Going to Save the World: Kevin O’Leary
The renown crypto bull considered regulations as the major catalyst for the wider adoption of cryptocurrency.
Jay Zhuang
Readings / Podcast
Wall Street worries about crypto brain drain
Kate Rooney reports how some people are leaving jobs in banks for crypto start-ups.
The PoW vs. PoS Debate | Lyn Alden & Justin Drake
Which is the future of the global money system?
Ryan Sean Adams and David Hoffman
Roland Berger, crypto mining to transform energy sector - UNLOCK Blockchain
Crypto mining is one such avenue. This is the proof-of-work process used to create new coins and validate transactions
News Desk