This Week in Crypto: JPM, Tesla, BTC Options & More!!
📧Satoshi’s Last Message📧
On April 26th 2011, Satoshi Nakamoto sent out his last message to fellow Bitcoin developer Gavin Andresen
🏦JP Morgan and Bitcoin🏦
No timeline has been set for when JP Morgan will be making a Bitcoin product available to its accredited investors, but it appears that this investment will be more direct as NYDIG is noted as the custodian
🤑PayPal’s Bitcoin Demand🤑
Ever since it began offering the service earlier this year, PayPal has been buying up more than 70% of all newly mined BTC PayPal CEO Dan Schulman noted in an interview last week that this demand continues to grow
🏎Tesla Sells Bitcoin🏎
According to technoking CEO Elon Musk, Tesla sold 10% of its BTC holdings to ‘prove liquidity’; they wanted to prove to themselves and to shareholders that they can easily convert large amounts of BTC into cash
⚖DOJ Ransomware Taskforce⚖
Last Thursday the DOJ’s recently formed Ransomware Task Force published a report that calls for global cooperation on enforcing KYC and AML rules on all cryptocurrency related services and a ban on Bitcoin mixers
⛓EIB Bond On Ethereum⛓
The bond was purchased by three mega banks including Goldman Sachs and will be settled on the 28th of April in 2023
🤝Cardano Ethiopia Partnership🤝
Cardano’s ‘Atala Prism’ enterprise digital identity solution will be rolled out in over 3 and a half thousand Ethiopian schools to store the educational performance of over five million students
💰Wyoming U Starts Staking💰
Given Cardano’s close relationship with the University of Wyoming, it is likely that ADA will be one of the cryptocurrencies they will be staking
💳Mercado Libre Bitcoin Payments💳
You can now buy over 75 real estate properties in Argentina using Bitcoin through Mercado Libre’s online marketplace
⏲Bitcoin Options Expiry⏲
Bitcoin option expiries have resulted in a fairly predictable monthly price pattern for Bitcoin which begins with a rally and ends with a small dip
📈Crypto Market Analysis📈
Bitcoin dominance seems to have bottomed out at around 48 percent, which could mean a dry week for altcoins if this trend continues If Bitcoin dominance starts to rebound, a momentum reversal from alts back into BTC could be enough to push BTC to new all-time highs.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
