Glassnode data indicates that 20% of Bitcoin that was previously held on exchange has been moved, heavily decreasing supply.
Lily Knight, a three-year-old Bitcoin proponent, spoke at the Women of the Future crypto and blockchain conference, saying she’s, “… been a HODLer all my life. It’s so cool to see women and girls in the cryptocurrency space. It’s important for us to have empowered financial futures.”
Manor and Valora, Swiss retailers, will be launching Bitcoin vouchers and gift cards beginning April 1st. The vouchers come from a partnership with Värdex Suisse, a subsidiary of Bitcoin Suisse.
Goldman Sachs COO John Waldron announced the bank will continue to evaluate and explore cryptocurrency following increased customer demand. The Bank is already starting its own crypto trading desk as well as exploring a potential Bitcoin ETF.
Spencer Schiff, son of gold bug Peter Schiff, has moved his entire portfolio into Bitcoin. Schiff criticized the move via Twitter, going as far as to mentioning a disinheritance.
Israeli investment firm Altshuler Shaham Investment House doubled its money through Grayscale’s Bitcoin Trust. They invested $100 million into the GBTC when Bitcoin’s price was at around $21,000 last year.
Luxury hotel brand, the Kessler Collection, now accepts Bitcoin, Ether, Dogecoin, USDC, Paxos Standard, Binance USD, and Gemini Dollar as payments through their new partnership with BitPay. This initiative is aimed at reducing foreign currency costs on tourists.
The Georgia House of Representatives just approved implementing crypto into public education for high schoolers through a financial literacy program.
The SEC’s lawsuit against XRP securities is demanding personal financial information from Bradley Garlinghouse and Christian Larsen, Ripple’s cofounders. The defendants are denying the request, saying their personal finances are irrelevant to the case.
For more information on these stories, visit: India: https://www.businesstoday.in/current/economy-politics/govt-response-to-cryptocurrency-will-be-calibrated-open-to-experiment-sitharaman/story/433134.html Lily Knight: https://www.investing.com/news/cryptocurrency-news/threeyearold-bitcoin-educator-speaks-at-crypto-conference-2440411 Glassnode: https://cointelegraph.com/news/the-number-of-btc-held-on-exchanges-crashed-20-in-12-months Goldman Sachs: https://cointelegraph.com/news/bitcoin-demand-from-goldman-sachs-clients-is-rising-says-coo Spencer Schiff: https://twitter.com/PeterSchiff/status/1369695876726276106?s=20 Altshuler Shaham: https://www.nasdaq.com/articles/israeli-pension-giant-put-%24100m-into-grayscale-bitcoin-trust%3A-report-2021-03-10 The Kessler Collection: https://money.yahoo.com/luxury-us-hotel-group-now-130249800.html Georgia: https://www.theblockcrypto.com/linked/98084/georgia-financial-literacy-law-cryptocurrency?utm_source=rss&utm_medium=rss XRP: https://www.coindesk.com/ripple-financial-records-subpoenas-sec
Yesterday's trading was mixed. Early in the session, even with reports of economic slowdown in the US, traders were still buying, maybe thinking it solidified the accommodative Fed policies.
Yesterday’s narrative was somewhat bittersweet. On the one hand, Fed policies remain hyper accommodating, which is positive. On the other hand, the accommodating stance is based on lingering concerns about the economic recovery in the US (and also globally).
Bitcoin has fallen back below $40,000 today, as the denial from Amazon of the impending acceptance of Bitcoin as a payment method came through. Prices returned to our support level of $36,500 before rallying once more, a sign that this move may be supported by more than just click-bait headlines.