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Daily Bitcoin and Crypto Analysis

This Week in Crypto...

March 13, 2021
Over the weekend, Nirmala Sitharaman, India’s Finance Minister, said that impending regulation around crypto in the country will not be as stringent as previously suggested, assuaging worry over a blanket crypto ban.

On Monday…

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.”

On Tuesday…

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.

On Wednesday…

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.

On Thursday…

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.

On Friday…

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

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