Global X Bitcoin Trust ETF will reflect the performance of the price of Bitcoin minus the accrued expense of the trust.
Elon Musk believes that nearly 50% of the Bitcoin mining industry has shifted to the use of renewables. This is a likely reason for the company to start accepting BTC payments from Tesla customers.
The revelations made by Elon Musk as well as other stakeholders present at the B-Word conference have stirred a positive reaction in the broader cryptocurrency market.
Elon Musk’s comments led to a spike in the price of cryptocurrencies especially post the one where he revealed he had plans of keeping the currencies for the long term.
Zagotta said that he will be working towards more listing on Bitstamp to satisfy more crypto customers.
Tesla CEO Elon Musk and Square CEO Jack Dorsey are expected to debate during the ‘B Word’ conference.
Following the success of the Square Debit Card and Square Capital, the company is looking to further aid small businesses to better manage their finances.
No matter how urgent and effective the proposals are, it would still take a couple of years for them to become legally binding. EU States and the European Parliament will give the final decision on the proposals.
The company will now offer a special facility where clients can use their Mastercard to conduct crypto transactions.
Over the next five years, institutional investors will pump more funds into investing in digital assets as acceptance of crypto continues.
Amidst China’s clampdown on cryptocurrency operations and anxiety over the virus crisis, Bitcoin has yet again witnessed a record decline in its price.
According to Bloomberg, Iris has been meeting potential investors and seeking an advisor for the concerned matter.
The new fund focused on DeFi tokens will allow the growing pool of investors to trade in decentralized financing.
Ark Invest has continued to double down its bet on Coinbase with several increased ETF positions in the last few weeks.
Nearly 50% of respondents in the survey expect Bitcoin to overtake global finance by 2040, calling it hyperbitcoinization. It will be interesting to see whether if Bitcoin can overtake the traditional financial market in the next two decades.