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GBTC Discount Hits All-Time Low as SEC Mulls Bitcoin ETF

is a private-placement trust that trades like a stock and allows investors to get exposure to Bitcoin without actually having to buy the asset. The firm takes care of the custody in exchange for an annual management fee of 2%, while buyers acquire shares in the fund.

A massive discount to NAV may seem like a bargain, as it allows investors to buy “shares” in Bitcoin below the actual market value, however, it also comes with a catch, as GBTC has a six-month lockup period.This means that the fund’ existing holders are running at a loss as the only way for them to cash in is to sell shares.According to Grayscale’s website, GBTC currently holds $18.3 billion in assets under management.

Fashion giant Gucci to start accepting crypto payments

high-end luxury fashion house Gucci is looking to add crypto as a payment option in some of its U.S. stores from late May, with plans to expand the pilot to all its North American stores by summer 2022.According to a May 4 report, Gucci will accept in-store crypto payments by emailing customers a link comprising a QR code. After scanning the QR code, customers will be able to complete the transaction through their crypto wallets.

The first Gucci stores to accept crypto payments are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta, and The Shops at Crystals in Las Vegas.The company will accept more than ten cryptocurrencies for payments. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (wBTC), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE), and five stablecoins pegged to the U.S. dollar.

VanEck Announces Launch of NFT Collection Powered by Ethereum

VanEck has partnered with South Korean creative NFT agency for the launch of is new NFT collection.Global investment manager VanEck has announced the launch of a community NFT based on the Ethereum in partnership with the South Korea-headquartered creative NFT agency, NUMOMO. This is the first such initiative unveiled by the firm and involves the release of 1,000 VanEck NFTs.

According to the official press release, the community NFTs are designed to demonstrate the real-world utility inherent in the NFT structure and will be based on a fictional character, Hammy (modeled after Alexander Hamilton). While explaining more on the character, JP Lee, VanEck Community NFT Co-Founder, said,VanEck plans to release a total of 1,000 NFTs which will be categorized as – commons (which will total 750), rare (approximately 230), and legendary (approximately 20).

Coinbase Cloud Collaborates With Acala Foundation in Support of Liquid Staking

3 and blockchain infrastructure provider Coinbase Cloud has announced a new partnership with Acala Foundation, the DeFi hub of Polkadot, by first bringing KSM liquid staking on Karura. KSM is the native token of the Kusuma network, a public pre-production environment for Polkadot.

According to the official blog post, Coinbase Cloud is “powering allowlisted validators that receive delegations from the community.” On Karura, which enables users to stake KSM for LKSM, users are not restricted by an unbonding period – usually ranging from 7 to 28 days in the Polkadot network – and can, for instance, deposit their LKSMs on Terra’s Anchor protocol to earn yields.The latest developments come on the heels of Coinbase Cloud, having worked on Polkadot and Kusama since their earlier testnets.

Cautiously bullish on #ETH here. Pretty clear inverse H&S pattern on low timeframe!

I also think that tomorrows FOMC meeting results are already priced in, so there shouldn't be a dump this week on stocks. If so, we'll see $40k level on #BTC and $3k on #ETH pretty soon!

Alex Jones receives $1 million in Bitcoin from an anonymous donor

An anonymous donor has sent more than $1 million in Bitcoin to a cryptocurrency wallet controlled by Alex Jones and publicized on his Infowars website, casting doubt over Jones’ financial situation despite.Prior to the large Bitcoin transfer, Jones’ wallet had an estimated $37,000 in Bitcoin. It was also one of four wallets he used to publicly seek contributions on his Infowars website.

It was discovered that on April 23, an unknown entity transferred 26 Bitcoins — each worth approximately $40,000 at the time — to a crypto wallet thought to be operated by Jones, according to blockchain data, investigated by the Southern Poverty Law Center’s Hatewatch blog and published on April 29.

Samsung’s Investment Arm To Pursue Asia’s First Blockchain ETF

Group’s investment arm is reportedly pursuing Asia’s first blockchain ETF in a bid to capitalize on growing demand.South Korea’s Samsung Asset Management will attempt to launch the fund sometime within the first half of 2022 on the Hong Kong Stock Exchange, The Korea Economic Daily reported Thursday.

It’s the first time an Asia-based ETF of its kind – that includes crypto – will be listed in the region. The vehicle is expected to track a basket of major blockchain tech companies.The move follows the asset manager’s acquisition of US ETF provider Amplify Holding Company in late March, in which it took a 20% stake via a special purpose vehicle. The investment arm is Amplify’s exclusive ETF partner in Asia, according to a press release.

Binance Blocks Accounts Linked to Relatives of Senior Russian Officials

asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals.

Binance, the world’s leading cryptocurrency exchange, has blocked several accounts linked to relatives of some high-ranking members of Russian President Vladimir Putin’s administration, Bloomberg reported. The move comes as sanctions continue to rain on Russia in response to its military assault on neighboring Ukraine.Among the users who have been denied access in the past two months since the Russian troops crossed the Ukrainian border.

Coinbase Changes Listing Policy for New Tokens After Allegations of Front-Running

CEO Brian Armstrong yesterday addressed concerns that traders have been taking advantage of the company’s listings process, writing in a blog post that the company will be adopting new policies and features in the coming months.

Armstrong’s message was seemingly a reaction to recent allegations that an Ethereum trader was able to gain access to a list of coins that Coinbase was considering adding to its exchange before that list had been made public in a company blog post. The trader was able to buy up $400,000 worth of the tokens that were on the Coinbase shortlist, which had then increased in value by 42% over the next day.

Tether (USDT) Trading Volume Sinks $4.5 Trillion in Quarterly Low

Due to negative crypto market sentiment, Tether (USDT) trading volume in the first quarter of 2022 was lower than Tether trading volume in the same period of 2021.Despite the bearish trends of the market which has seen millions of investors turn to stablecoins, investor interest in USDT remains low.

According to Be[In]Crypto research, Tether trading volume during the first quarter of the year was in the region of $5.3 trillion. This was a 46% decrease in the trading volume recorded between January and March of 2021 of around $9.9 trillion. A fall in total transaction counts in the first quarter of 2022 can be attributed to as the primary reason for the sinking Tether trading volumes.In the first quarter of 2022, the total transaction count for Tether was 26,454.

US crypto adoption remains high despite global inflation fears

DappRadar report provides wide-ranging insights into the performance of the crypto and Web3 space throughout Q1 of 2022.A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets.

The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States; a reactionary rise in crypto interest throughout Ukraine and Russia following the outbreak of the conflict and the impact of the well-documented surge i gas prices throughout Europe on inflationary metrics.Many of the leading metaverse platforms like Decentraland (MANA), The Sandbox (SAND), Somnium Space (CUBE) and Roblox have attracted a large portion of their user base from the U.S.

62% Of Brazilians Consider Crypto To Be The Future Of Finance

According to a report by crypto exchange Kucoin, over half of the Brazilian adult population believes in crypto taking over as a store of value and means of payment in the future.

Brazil, which is the sixth most populous country in the world has suffered an economic beatdown with inflation doubling in the past year to 10% annually. In addition, a large population of adults remains unbanked or underbanked contributing to a large part of the population transitioning to cryptocurrencies.The report further revealed that 34.5 million Brazilians, which represent 26% of the population aged 18 to 60 have operated cryptocurrencies in the past six months.

Crypto investment product trading volumes decline for 6th month as investors seek direct exposure

the cryptocurrency market has received significant attention from traditional investors in the form of crypto investment products like exchange-traded funds (ETFs) and exchange-traded notes (ETNs), data shows the trading volumes of these products have recorded a steady decline.

Indeed, the average daily trading volumes across different crypto investment product types fell about 16.3% from March to April – to $244 million, according to the latest Digital Asset Management Review by crypto analytics platform CryptoCompare published on April 28.As per the report, April is the sixth consecutive month recording a decline in trading volumes.

Rich Dad Poor Dad Author Warns ‘Everything Bust’ Is Coming, Says Gold, Silver and Bitcoin Will Far Outperform US Dollar

🔸 Robert Kiyosaki believes the US may be spiraling toward another crash and a great depression.

Bitcoin may save the future economy

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Institutional Investors Overwhelmingly Betting on Crypto Takeover This Decade: New Survey

survey involved 5,502 institutional investment decision-makers and 23,113 retail investors from 23 countries across Africa, Asia-Pacific, Europe, Latin America, the Middle East and North America.

The result, which was published in the first Bitstamp Crypto Pulse report, shows that 80% of institutions believe that digital assets will overtake traditional investment vehicles within a decade. An overwhelming majority of institutional respondents, or 88%, also think that crypto will have mainstream adoption within the same period.

India to take a considered view on cryptocurrency

Considering cryptocurrencies can be widely misused, India will take a considerate decision on regulation around it without hurting innovation, Finance Minister Nirmala Sitharaman conveyed during an interaction at Stanford University.

"It will have to take its time...all of us to be sure that at least with a given available information, we're taking the decern decision. It can't be rushed through," FM Sitharaman said pointing out that in absence of proper regulation cryptocurrencies can also be manipulated for money laundering or terror financing. India is planning to introduce central bank-backed digital currency or Central Bank Digital Currency (CBDC). Announcing the same in her budget speech, the finance minister had said, “The digital rupee or CBDC would be issued by the RBI in the coming fiscal year."

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Finland Plans to Donate Seized Bitcoins to Help Ukraine: Report

is planning to donate bitcoin (BTC) seized from various criminal investigations undertaken by its government to Ukraine, Finnish paper Helsingin Sanomat reported, citing government sources.

The amount of bitcoin to be donated has not been determined yet, but the potential amount could be worth as much as 73 million euros ($77 million) at current prices, according to the report.Finland began looking into the use of bitcoins to help Ukraine in early March, the report said. Finland has also considered donating 1,981 bitcoins seized by its customs department directly to Ukraine.

Edward Snowden Helped Create Zcash Privacy Coin

Snowden, the famed National Security Agency whistleblower, helped launch Zcash in 2016, a representative of the Zcash inventors Electric Coin Company told Decrypt.The culmination of the creation ceremony involved destroying the keys.

Snowden joined Zcash creator Zooko Wilcox, Bitcoin core developer Peter Todd, Coin Center's Peter Van Valkenburgh and two others in launching the Zcash blockchain. In a process known as "trusted setup," the six participants each received a sliver of the private key needed to create the cryptocurrency. Previously, the identity of the sixth participant was known by the pseudonym "John Dobbertin."

Crypto Lender Becomes First Credit Shop to Expand on Solana

’s product primarily targets institutional lenders, including individuals, aiming to allocate otherwise “idle” capital to a “diversified” liquidity pool, according to a statement Monday. The protocol also said it has become the only multichain capital markets solution in the industry.

Following its recent, fast expansion onto the Ethereum blockchain, Maple said it was hoping to capture a portion of the “massive financing needs” of the Solana ecosystem. Mounting ether gas fees (fees to power network transactions), as well as Solana’s high number of big-money investors, have helped drive Maple’s expansion to seek alternatives, it said.

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