In the Financial Stability Report published by the European Central Bank last week, it was stated that the risks arising from crypto assets in financial institutions are limited.
US CCO Comments on Cryptocurrencies
US CCO has stated that they will review the crypto assets guides and will support the innovative developments. The Innovation Office has reviewed the frame of the national banks and accepted cryptocurrency storage as a part of banking.
US Congressman Comments on Legislation
U.S. Congressman Jim Himes says that they are not ready to introduce a cryptocurrency legislation anytime soon, as the lawmakers lack a deep understanding of cryptocurrencies.
Russian Lawmakers Move to Allow Crypto Payments Under Contracts
The State Duma is now working on amendments that will lift the barriers before using cryptocurrency as a contractual means of payment. Russia has earlier forbidden the use of cryptocurrencies for purchasing products and services.
Beijing Pressure on Crypto Mining in China
While the latest bans imposed by China, where 70% of the total mining is carried out, cover both the cryptocurrency mining and the crypto investment. With these bans Beijing is considered to lose its power in the crypto world against other countries.
One River Filed a Carbon Neutral BTC ETF
Digital asset hedge fund One River has announced that it has applied to the SEC to create an exchange traded fund that includes purchasing carbon credits to make Bitcoin carbon neutral.
Goldman Sachs Head of Digital Assets Comments on Bitcoin
Goldman Sachs Head of Digital Assets McDermott has stated that Bitcoin has not still fully adapted and carries some risks specific to it. McDermott has also added that Bitcoin is an investment instrument especially adopted by the customers.
A New Institutional Investor to Bitcoin
American IT company Globant of $8.6 billion value has announced that it has made a total of $500,000 BTC purchase in the first quarter of 2021.
Kimchi Premium in South Korea
Cryptocurrencies like BTC have been experiencing “kimchi premium” once more. Bitcoin is priced 8% higher than its global price.
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