BTC fell below $43,000
BTC fell below 43000 USD, now quoted at 42987.36 USD, the intra-day decline reached 2.67%, the market volatility is large, please do a good job in risk control.
The SECURITIES and Exchange Commission approved Teucrium's Bitcoin futures ETF
April 7 - The SECURITIES and Exchange Commission (SEC) has approved ETF provider Teucrium to launch a Bitcoin futures exchange traded fund (ETF) that plans to trade on NYSEArca. The approval, announced Wednesday in a filing on the SEC's website, makes Teucrium one of many other issuers of Bitcoin futures exchange-traded funds. Of note, Teucrium and NYSE Arca filed a Form 19B-4 with the SEC under the Securities Exchange Act of 1934. Approved Bitcoin futures ETFs submitted by other companies under the Investment Company Act of 1940 followed a slightly different regulatory approval path. (CoinDesk)
MicroStrategy CEO: Bitcoin is better for MicroStrategy than gold
MicroStrategy CEO Michael Saylor made the announcement during a Bloomberg warm-up event at bitcoin 2022. Bloomberg's Seyffart cited Saylor's speculation that the company's current position would be significantly different if MicroStrategy had chosen to adopt the gold standard instead of the Bitcoin standard. In his words: If I had chosen gold when I bought Bitcoin, we would probably have about $250 million in gold. Our shareholders will miss out on $4 or $5 billion. Saylor also said he does not see cryptocurrencies as antithetical to the U.S. dollar, but as having a positive impact on it. Meanwhile, data show that bitcoin has vastly outperformed gold over the past decade. Bitcoin's 10-year return on investment (ROI) increased 955,954% compared to gold's 19% gain. (Coingape)
Meta is exploring a virtual currency for the metasemes: Zach coins
April 7 - Meta has laid out plans to introduce virtual currencies, tokens and loan services into its app. Meta Financial Technologies, Facebook's finance arm, has been exploring creating a virtual currency for the company, known internally as a "Zackcoin," according to several people familiar with the matter. Meta tends to introduce in-app tokens that are centrally controlled by the company, similar to the tokens used in game apps. The company has recently tried to find other revenue streams and support e-commerce on the platform, delving into cryptocurrency and blockchain technology. The (golden) ten
PayMaya, a Philippine digital payments company, supports crypto transactions
PayMaya, a Fintech and digital payments company based in the Philippines, on Wednesday launched the ability to buy, sell and earn cryptocurrencies on its app, Golden Finance reported. With its expansion into crypto services, the company further extends its leadership in digital payments and makes it easier for Filipinos to use cryptocurrencies. PayMaya has the largest digital payment user base in the Philippines. In addition, it is both an electronic currency issuer (EMI) and a virtual asset service provider (VASP), licensed by the Central Bank of the Philippines, BangkoSentralngPilipinas. PayMaya users will be able to buy major cryptocurrencies like Bitcoin and Ethereum on the app without having to sign up for another account or apply for an upgrade. It will help users bypass the complex process of registering with a crypto exchange, setting up a crypto wallet, and other KYC requirements. In addition, customers can learn to use cryptocurrencies, buy and sell cryptocurrencies, spend their cryptocurrency income and do other things through their PayMaya account. (coingape)
Galaxy Digital CEO: Bitcoin will 'pop' once The Fed pauses rate hikes
According to Gold Finance, Galaxy Digital CEO Novogratz, speaking with BTC advocate and investor Anthony "Pomp" Pompliano at the Bitcoin 2022 Conference in Miami on Wednesday, said that given macro headwinds such as fed rate hikes, He has been impressed by bitcoin's recent performance. Novogratz said he thinks Bitcoin is trading very well and believes Fed Chairman Jerome Powell has "realized he's behind the curve" and warned that he could be "very hawkish" for a while. Novogratz says Powell wants to preserve his reputation. Once the Fed pauses, I think bitcoin will soar. However, he also noted that from his perspective, the goal is not to replace the dollar with bitcoin. Instead, the focus for investors should be to store some of their wealth in Bitcoin. When asked how high bitcoin could go, Novogratz replied "a million dollars." (cryptonews)
El Salvador's tourism minister: Bitcoin is a key factor in the recovery of tourism
El Salvador's minister of tourism, MorenaValdez, spoke on the resurgence of the country's tourism industry, gold finance reported. According to Valdez, the tourism industry has greatly benefited from the introduction of Bitcoin as the country's legal tender, as well as foreigners coming to the country for bitcoin-related purposes and businesses. In an interview with a local TV news channel, Valdez said: According to the World Tourism Organization, we will recover 81 percent by 2022. The key factor has to do with the use of Bitcoin and the benefits it brings to the country. The minister has previously linked the growth of tourism to the use of Bitcoin, saying it has helped the sector grow by 30%. (news. Bitcoins)