Grayscale Investments is the largest crypto asset manager. In particular, the firm’s total crypto AUM (assets under management) has reached over $50 billion this week, according to Finance Magnates. Citing the company’s announcement on Twitter, the source says Grayscale now manages over $41 billion in Bitcoin, as the BTC price crossed the mark of $64,500 yesterday, April 14.

TIME Magazine’s decision to keep BTC on its balance sheet comes after similar moves by other companies. For instance, MicroStrategy’s reported Bitcoin holdings were 91,579 BTC on April 5. Moreover, just this week the company even decided to pay its board of directors in Bitcoin.

Automaker Tesla purchased $1.5 billion worth of Bitcoin this year. Now, the value of its Bitcoin holdings reached over $2.5 billion because of the BTC price increase, TheStreet reports. Moreover, the company also announced last month that it would be accepting BTC for payment for its cars and keep crypto without converting it into fiat.

The post TIME Magazine partnered with Grayscale Investments on crypto content appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

MicroStrategy is one of the companies that accumulate Bitcoin as part of their portfolios. Last week, the firm purchased 253 BTC worth $15 million at the time of purchase. According to Crypto News, on April 5, 2021, the total Bitcoin holdings of the company were 91,579 BTC.

The CEO of MicroStrategy Michael Saylor sees investing in Bitcoin as the best way to spend time or money. Last month, he even made a prediction of a $100 trillion market cap for Bitcoin in the future.

However, there are traditional banking institutions that remain skeptical about crypto, and HSBC Canada recently blocked its customers from buying MicroStrategy stocks because of the company’s exposure to Bitcoin.

Bitcoin’s market cap is now over $1.1 trillion, per Coin Market Cap data. It is trading at around $62,900 at the time of writing.

The post The board of directors at MicroStrategy will be paid in Bitcoin appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to NewsBTC, Powell sees direct listing happening if the firm’s valuation reaches about $20 billion. Moreover, he also believes that cryptocurrency firms could replace legacy companies over the coming ten years.

Coinbase, the leading U.S.-based cryptocurrency exchange and Kraken’s rival, is scheduled to go public via a direct listing on the Nasdaq stock exchange on April 14. The company has also recently published its results for Q1 and reported $335 billion in trading volumes. Coinbase chose direct listing instead of a more traditional initial public offering (IPO), and Kraken plans to follow suit next year.

In other news related to Kraken, the Tax Division of the U.S. Department of Justice has filed a request to the court to receive access to the information about Kraken’s customers. According to Decrypt, the regulator requested account data of American taxpayers. Those include individuals with at least $20,000 worth of crypto in their Kraken accounts in the period between 2016-2020. However, the judge asked for justification of this request.

The post Kraken is considering direct listing for 2022 appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

When it comes to the development of the Central Bank Digital Currency (CBDC), Europe is falling behind several countries that already successfully implemented digital asset pilot programs at various stages.

Most recently, the Eastern Caribbean Central Bank (ECCB) launched the pilot of its CBDC, DCash. According to the source, users living in Saint Kitts and Nevis, Antigua and Barbuda, Grenada, and Sant Lucia can now use the app to transfer digital currency to other users or pay to merchants.  

The Bank of Jamaica announced the pilot of its CBDC to happen between May and December 2021. Moreover, the technology for the pilot will be provided by the Irish company eCurrency Mint.

Despite not planning to launch its own CBDC in the near future, the Bank of Japan (BOJ) is planning to experiment with CBDC this spring. BOJ conducts research and experiments to prepare for the issue of the CBDC when there is a need for one.

The post The digital euro project could take several years appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Cardano has recently launched the “Mary” protocol update. This upgrade introduced multi-asset support to the network with the native tokens on Cardano ADA. Cardano is the fifth largest cryptocurrency on CoinMarketCap.com. Its price is up by 2.3% in the past 24 hours, with a 24-hour trading volume of over $5.34 billion. It is trading at around $0.026 at the time of writing.

In the meantime, Bitcoin has seen a gain of over 10% in the past 7 days and once more crossed the market cap of $1 trillion, per CoinMarketCap.com data. Finance Magnates suggests that Tuesday’s Bitcoin gains of 5% could be related to the movement of over 18,500 coins in one hour by crypto whales. BTC has lost about 0.5% in the past 24 hours. It is trading at around $54,000 at the time of writing.

The post U.S. retail investors show their interest in Cardano (ADA) and Bitcoin (BTC) in a survey appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to MarketWatch.com, the 10-year Treasury note yield has increased to 1.541%, climbing 7.1 basis points. Decrypt says demand for credit is rising as people are looking forward to the easing of COVID-19 restrictions. The increase in Treasury yields led to a fall of stocks and bonds, especially tech companies’ stocks, and could signal inflation.  

Bitcoin is trading at around $47,200 at the time of writing. Although the price dropped in the past 24 hours, the cryptocurrency is still trading higher than its seven-day low of $43,241. Apart from Bitcoin, Ethereum also fell by over 4%. Moreover, Litecoin’s price decreased by over 6%. At the same time, Binance Coin’s price fell by over 7% in the past 24 hours, as per CoinMarketCap.com data.   

Amidst cryptocurrency price fluctuations, public figures continue expressing their opinions on Bitcoin. Mark Cuban in a recent Twitter exchange with Peter Schiff defended cryptocurrency when comparing it to gold. He said that crypto has more applications than this precious metal. In another story, Bill Gates commented on how the use of big amounts of electricity when mining Bitcoin is harmful to the environment.  

The post U.S. Treasury yields rise, Bitcoin dips appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Bitfinex Pay can be placed on a website as a widget. Then, by clicking on it, customers go to the payment gateway that allows them to use crypto. Merchants will receive payments from their customers to their wallets on the Bitfinex platform, the announcement says. At the moment, the widget allows accepting payments in Bitcoin (BTC) and Lightning Network BTC (LN-BTC), Ethereum (ETH), and Tether (USDT).

Bitfines ranks fifth on CoinMarketCap.com by traffic, liquidity, and trading volume. The exchange has recently appeared in the news as the New York Attorney General Letitia James required Bitfinex and Tether to stop trading in New York State. Along with halting their operations, the firms also will pay an $18.5 million fine, Decrypt says. As per the source, the investigation into the firms led to the conclusion that companies misrepresented the backing of Tether by US dollar.  

Some of the leading crypto exchanges also offer cryptocurrency payment technology. For instance, Binance recently launched Binance Pay. Moreover, Coinbase’s service Coinbase Commerce integrates with Shopify and WooCommerce stores.

The post Bitfinex announces the launch of crypto payment technology appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Reuters says Goldman Sachs is also exploring other blockchain projects. For instance, those include such initiatives as CBDCs (Central Bank Digital Currencies) and a bitcoin exchange traded fund. Decrypt says there was no comment from the company regarding dealing futures contracts for other cryptocurrencies at the moment.

The company planned to open a Bitcoin crypto trading desk in 2018. However, they put the idea on hold because of the unclear crypto regulations at the time. It seems that the risks unique to cryptocurrency trading presented some of the reasons for pausing the initiative.

Goldman Sachs’ decision to deal Bitcoin futures comes while Bitcoin seems to be recovering from the fall it experienced last week. Its price dropped from an all-time high of about $58,000 on February 21, losing over $10,000, as it went below $44,000 on Sunday, February 28. It is slowly recovering by reaching the 24-hour high of $50,127, with a 24-hour gain of around 2%, and is trading around $49,000 at the time of writing.

The post Goldman Sachs will reopen its crypto trading desk appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.