Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.
Bitcoin and Ethereum just saw their largest respective options expiry ever on Friday, marking a major milestone for the cryptocurrency market. Analysts had been forecasting intense volatility but so far, the markets have been sailing the calm seas.
crypto.com is temporarily suspending its Europe and UK issuances of MCO debit cards after its former card operator — the troubled German payments giant Wirecard — slipped into bankruptcy and filed insolvency this week. crypto.com CEO Kris Marszalek informed CoinDesk that the company will be refunding 100% of customer funds.
And finally, the Bank for International Settlements (BIS) released a special chapter from its annual report on digital payments concerning central bank digital currencies (CBDCs). It reveals an uptick in positive statements regarding CBDCs.
Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.
Grayscale Investments has added 19,879 BTC to its Bitcoin Trust in the last week, purchasing faster than the tokens can be mined. The investment firm’s total Bitcoin holding currently stands at 400,000 BTC.
At this rate, Grayscale will own 3.4% of all Bitcoin in circulation by January 2021.
Zug’s SEBA bank, a crypto-focused and Swiss license financial institution, announced a new Bitcoin-centric structured product yesterday called Dual Currency Certificate.
The product allows holders to passively bet on BTC prices in the short term.
17 Chinese firms across sectors founded the Distributed Identity Alliance to drive innovation through blockchain.
Baidu, Tencent Cloud, WeBank, JD com and UnionPay are among the big names that are part of the collaboration.
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