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Daily Bitcoin and Crypto Analysis

This week in Crypto...

April 2, 2021
As Bitcoin hovers around the $59,000 level, we have seen a flurry of news around stablecoins, with Visa announcing settlement in USDC, Tether releasing a report on its reserves, and signs that the U.K. will soon regulate stablecoins.

On Monday...

Payment giant Visa announced it was offering USDC settlement capabilities for customers and revealed plans to support a central bank digital currency (CBDC) if one emerges in the next few years.

On Tuesday…

CEO of the Swiss consulting company TRES, Anton Katin highlighted the great prospects for the development of the cryptocurrency industry in Saudi Arabia, claiming Saudi Arabia will become a leader in the crypto industry in the next 10 years.

On Wednesday…

Payments giant Paypal launched the “Checkout with Crypto” service to allow consumers to make payments at millions of merchants using Bitcoin, Bitcoin Cash, Litecoin, and Ether in their Paypal wallets.

Tether Holdings Limited released an assurance opinion to confirm that Tether tokens (USDT) are fully backed by its reserves, claiming “Tether has always been fully backed, and the assurance opinion we made available today confirms it once again.”

On Thursday…

In an interview with CNBC, Goldman Sachs newly appointed Global Head of Digital Assets announced that Goldman Sachs will be offering Bitcoin to Wealth Management Clients.

EQUOS announced that it will be expanding its stablecoin offering and listing Tether. Despite the controversy Tether has been faced with over the last year, the popularity of USDT continues to grow.


On Friday…

Britain’s Economic Secretary to the Treasury, John Glen claimed that Britain’s primary focus would be to regulate stablecoins as he noted that stablecoins have grown to become the “largest component of cryptocurrencies by trading volume.” 

In an interview with Fortune magazine, Square Inc’s Chief Financial Officer Amrita Ahuja explained why there’s “absolutely a case” for all balance sheets to have Bitcoin as the company bought 8,027 Bitcoin.


For more information on these stories, visit:


Visa: https://news.bitcoin.com/payment-giant-visa-integrates-usdc-stablecoin-support-for-settlement/

Paypal: https://news.bitcoin.com/paypal-cryptocurrency-payments-millions-of-stores-checkout-with-crypto-launch/

Tether: https://cointelegraph.com/news/tether-stablecoin-is-fully-backed-says-new-assurance-report

Saudi Arabia: https://www.coinspeaker.com/saudi-arabia-crypto-bitcoin/

Wealth management: https://www.coindesk.com/goldman-sachs-to-offer-bitcoin-to-wealth-management-clients

EQUOS: https://coinmarketcap.com/headlines/news/diginex-expands-stablecoin-offering-with-equos-listing-tether/

Stablecoin: https://btcmanager.com/british-minister-says-stablecoin-regulation-is-priority/

Square CFO: https://dailyhodl.com/2021/03/31/theres-absolutely-a-case-for-all-balance-sheets-to-have-bitcoin-says-square-cfo/



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