Monero Cryptocurrency is currently on bullish momentum by 12.32% in the last 6 hours. At 01:36 EST on Friday, 7 May, Monero is at $477.81.

Currently, Monero has 401749 Twitter followers and 216269 Reddit subscribers.

As of now, on Github, there are 2872 forks, 5770 stars, and 489 subscribers.

Monero’s last week, last month’s, and last quarter’s current volatility was 291.17%, 291.17%, and 291.17%, respectively.

Monero’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 291.17% (last week), 291.17% (last month), and 291.17% (last quarter), respectively.

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Monero’s crypto is considered to be oversold (<=20).

S&amp;p dow jones brings Bitcoin, ethereum to wall st with cryptocurrency indexes. According to FX Empire on Tuesday, 4 May, "The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them."

Bitcoin traders in U.S. lack investor protections, gensler says. According to Bloomberg Quint on Thursday, 6 May, "But there are some areas, particularly Bitcoin trading on large exchanges, that the public is not currently really protected.", "Gensler didn’t weigh in on whether the SEC intends to approve a Bitcoin exchange-traded fund, something the cryptocurrency market is desperate for and is one of the most consequential issues for the industry."

Square revenue more than triples, driven by Bitcoin purchases. According to Bloomberg Quint on Thursday, 6 May, "Surging purchases of Bitcoin have been a major boon for the company over the past year as more consumers have flocked to the cryptocurrency. ", "Square Inc.’s quarterly sales more than tripled, surpassing analysts’ estimates, driven by skyrocketing Bitcoin purchases through the company’s Cash App."

More news about Monero.

Because of this, customers can now use bank accounts, and debit cards linked into their PayPal accounts to buy digital currencies on the crypto exchange and load the funds to their Coinbase USD wallet.

According to the company, the  additional payment option  will make buying crypto assets simpler and faster.

Coinbase, however, was quick to clarify that customers cannot use e-checks and credit cards linked to PayPal for their purchases.

Daily purchase of cryptocurrency through PayPal is capped at $25,000, while Coinbase will charge a fee of 3.99%. Additionally, the exchange platform charges 2.5% fees for customers that deposit USD from PayPal to Coinbase.

The development involves a rather simple process that, when followed correctly, will make a customer able to use the payment option.

Provided that customers signed up with the same email for PayPal and Coinbase, they can start using the service by linking these two accounts and looking for the “add a payment method” option when buying crypto assets through the Coinbase app.

While initially, this option has only been made available for customers in the U.S., there are plans to support more countries in the coming months. As a matter of fact, Coinbase has already made cash withdrawals to PayPal available in U.K., European Union, Canada, and the U.S.

The growing mainstream acceptance of cryptocurrencies was once again boosted by the partnership between Coinbase and PayPal.

The payments giant has started to  allow its users  to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin, and Bitcoin Cash on its own platform last year and is gradually increasing its service.

Earlier this month, PayPal has launched the “checkout with crypto service” that allowed customers to spend their digital currencies at more than 26 million merchants nationwide.

Image courtesy of  Cointelegraph News /YouTube

Monero Cryptocurrency is currently on bullish momentum by 17.52% in the last 24 hours. At 04:25 EST on Friday, 7 May, Monero is at $486.26.

Regarding Monero’s daily highs and lows, it’s 18.53% up from its trailing 24 hours low of $410.24 and 1.9% down from its trailing 24 hours high of $495.69.

Currently, Monero has 401749 Twitter followers and 216325 Reddit subscribers.

As of now, on Github, there are 2872 forks, 5770 stars, and 489 subscribers.

Monero’s last week, last month’s, and last quarter’s current volatility was 291.17%, 291.17%, and 291.17%, respectively.

Monero’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 291.17% (last week), 291.17% (last month), and 291.17% (last quarter), respectively.

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Monero’s crypto is considered to be oversold (<=20).

Bitcoin traders in U.S. lack investor protections, gensler says. According to Bloomberg Quint on Thursday, 6 May, "But there are some areas, particularly Bitcoin trading on large exchanges, that the public is not currently really protected.", "U.S. investors lack protections when they trade Bitcoin on cryptocurrency exchanges, Securities and Exchange Commission Chairman Gary Gensler told lawmakers."

S&amp;p dow jones brings Bitcoin, ethereum to wall st with cryptocurrency indexes. According to FX Empire on Tuesday, 4 May, "The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them."

Goldman offers new Bitcoin derivatives to wall street investors. According to Bloomberg Quint on Thursday, 6 May, "But client interest and Bitcoin’s astronomical price gains — reaching a high of almost $65,000 in April — have turned many bankers around, with Morgan Stanley making a Bitcoin trust product available to its customers and JPMorgan working on a similar offering.", "For years after its creation in 2009, Bitcoin was shunned by Wall Street banks, with JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon once threatening to fire any of his traders caught buying and selling the digital currency. "

More news about Monero.

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Digital Currency Group (DCG), the parent of Grayscale, said it has authorized the purchase of up to $750 million worth of the lagging shares of the Grayscale Bitcoin Trust (OTCQX: GBTC), up from a $250 million level earlier.

In an announcement Monday, DCG, which is also the parent company of CoinDesk, said it had already purchased $193.5 million GBTC shares as of April 30.

GBTC has been trading at a discount for several months in the face of competition from other closed-end bitcoin funds, bitcoin exchange-traded funds (ETFs) in Canada and the prospect that a bitcoin ETF could be approved in the U.S. sometime in the next year.

Repurchasing shares is a common tool among companies that are trying to increase the price of their shares by creating demand for the shares while decreasing the number of shares outstanding.

Coinbase has announced that it will now allow customers in the U.S. to purchase cryptocurrencies using their PayPal account.

The exchange, which recently made its stock market debut on the Nasdaq, said this should streamline the process for those who want to top up their wallets using debit cards and bank accounts. In a news release, Coinbase said:

Although there are advantages from a convenience standpoint, there are downsides. One of them is this will attract PayPal fees of up to 4% — on top of the costs that Coinbase levies. This will water down the amount of crypto that users are getting for their dollars. A daily limit of $25,000 is also in place, but this won’t be a concern for most users.

Some may ask why crypto enthusiasts wouldn’t just use the crypto service that PayPal itself has launched. However, the number of digital assets it currently offers is limited to Bitcoin, Ether, Litecoin and Bitcoin Cash. The limits on the volumes of crypto that can be purchased is also markedly lower.

We could end up seeing Coinbase roll out this feature to other markets in the coming months. Indeed, PayPal is also planning to boost its crypto offering. In March, the payments giant enabled millions of merchants to accept digital assets from U.S. customers — and the U.K. has been confirmed as the first international market where its crypto service will launch.

In an interview with Blockworks, CEO of institutional trading firm Genesis, and former Citigroup associate, Michael Moro, explained how corporations had bought $8 billion of Bitcoin using their service in the first quarter of 2021. This made up 25% of Bitcoin purchases on Genesis within that time. Moro gave two reasons why companies had chosen to do so. 

According to Moro, one of the big reasons corporations have just recently increased their BTC holdings is because they want to follow in the footsteps of companies like Tesla, MicroStrategy, and Square. All of which are known for buying up huge quantities of BTC within this year. Corporations saw the financial gains these companies had, as well as the positive media coverage, and wanted in. Moro referred to these as the “buy and hold” corporations– in other words they are not interested in turning a quick profit, but rather watching their assets appreciate over a period of time.

Clearly, any company doing this believes that Bitcoin is nowhere near its lifetime price ceiling. Some might also believe in the technology, such as Tesla, who are now accepting BTC as a payment option. These are companies who are happy to have BTC show up on their balance sheets as it helps to diversify their portfolio.

Along with those who are “buying and holding”, there’s another group of corporate figures who have entered the Bitcoin market early this year. Michael Moro referred to these as “guys who are trying to trade their treasury”. They are people who have a separate treasury department who are attempting to actively manage a company’s Bitcoin portfolio by trading around different price points. They would be the equivalent of retail day-traders, only they are working with significantly larger sums of money.

Some are also engaged in trading options, hedging exposure, and experimenting with derivatives, as they are “getting creative playing with volatility”. Essentially, this is the opposite of holding. 

The fact that corporate treasuries are involved in Bitcoin is especially fascinating as one of the primary roles of a treasury is to manage and assess financial risk within a company. This could mean that companies are faithful that Bitcoin is still being undervalued, which is fantastic news for the crypto industry as a whole, as the question of Bitcoin’s worth is one that looms on most enthusiasts’ minds. This fits with the current activity regarding macro conditions, which seem to suggest Bitcoin could reach $100k this year.

This is a tough question to answer as different people have different ideas of what crypto and Bitcoin should be about. Many people consider Bitcoin to be a financial tool designed for the masses, and worry that corporations making use of it goes against the ethos of the industry, possibly even harming decentralization when it comes to mining practices.

On the other hand, corporations are instrumental in increasing adoption; for many people, corporate involvement legitimizes the crypto industry, as it shows that the upper levels of the economic world are paying attention and giving their approval. Of course, corporate involvement has thus far appeared to play a major role in Bitcoin’s price. It may take some years before we can be certain just how significant corporations are on both Bitcoin’s price, and the way it functions. 

Q1 of 2021 has been extremely positive for Bitcoin, what do you think Q2 will look like? What are your opinions on corporations jumping into Bitcoin? Let us know your thoughts in the comments below.

Cardano (ADA), the 6th largest cryptocurrency by market capitalization, is now available for fiat purchases, including Euro and USD, on ChangeNOW, an instant crypto exchange service.

The new development was announced via the official Twitter handle of ChangeNOW on 20th April 2021.

Read Also: Charles Hoskinson: Dogecoin (DOGE) Is a Bubble, It’ll Soon Collapse with Retail Money

ChangeNOW tweeted, “ADA is now available for fiat EUR and USD purchases! Created in 2017 by a team of innovators and visionaries to bring about positive global change, Cardano has surged more than 650% since the beginning of 2021.”

Created in 2017 by a team of innovators and visionaries to bring about positive global change, #Cardano has surged more than 🔥📈650% since the beginning of 2021 https://t.co/EB2A59NGP8 pic.twitter.com/QEqkfsORJp

— ChangeNOW (@ChangeNOW_io) April 20, 2021

NOWPayments, a crypto payment processor, recently announced that it has incorporated Cardano (ADA) on its payment platform. This implies that the payment firm’s plugins for various e-commerce solutions, including Shopify and WooCommerce, now support payments in the digital token ADA.

Read Also: A Group of Developers in West Africa Targets Cardano for Blockchain Adoption in the Region

Jeremy Firster, a Project Manager at Cardano Foundation, also posted a tweet in this regard on 21st April, to welcome Shopify to the Cardano ecosystem.

Jeremy Firster tweeted, “Greetings Shopify, Cardano welcomes you to the family. Thank you NOWPayments for supporting the growing Cardano ecosystem.”

*Cardano is a free and publicly available blockchain that is open for all to use*https://t.co/5LpER40yPg

— Jeremy Firster (@JeremyFirsterCF) April 21, 2021

Read Also: Charles Hoskinson Launches His Own Cardano (ADA) Staking Pool Called RATS Pool

Cardano Supreme, which sells Cardano-themed merchandise, is one of the first online merchants to announce the integration of Cardano (ADA) on NOWPayments.

#1 in accepting ada via ecommerce. Boo yah. https://t.co/uRNS1dUkW4

Select "Pay in crypto with NowPayments" during checkout!@JeremyFirsterCF @IOHK_Charles @NOWPayments_io @CardanoStiftung pic.twitter.com/gIFZJ7DJMy

— CryptoSupreme (@CryptoSupreme18) April 21, 2021

OverlandThe₳mericas is another online merchant that announced the use of NOWPayments plugins that recently support payments in ADA.

Read Also: Nearly $500 Million Worth of ADA in Project Catalyst Funds Now in the Cardano Treasury

OverlandThe₳mericas has now confirmed that payments can be made using ADA on its platform.

“Yess! I just installed the NOWPayments plugin and we can get payments in ADA on our website! I still need to make that clearer during the checkout process but I just wanted to share.”

— OverlandThe₳mericas (@OvrlandAmericas) April 24, 2021

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The CNBC host would have gotten a decent offer if he had kept the Ether instead of trading it in for a TIME magazine NFT sale earlier this year.

CNBC host Jim Cramer has spent the week debating the vast amount of Ether (ETH) he owns, the new indication that crypto is making its way into the mainstream.

On CNBC’s Squawk Box on May 4, Cramer said that he owns “a lot of Ether,” adding that he first purchased it while attempting to purchase “some nonfungible token on TIME magazine.” So they forced you to buy Ether first. Since I didn’t understand it, I just held the Ether.”

Cramer was referring to TIME’s latest sale of magazine covers in the form of nonfungible coins, which sold for between $100,000 and $250,000 per cover.

Keeping the Ether, on the other hand, now “seems like a better deal,” according to his interviewer, in light of Ether’s current surge to trade over $3,300 — up 130 percent just this week. “I’ll buy a house with Ether,” Cramer responded half-jokingly.

Cramer’s joke on paying for real estate with crypto gains is more than a passing remark. Last month, the television host revealed that he had recently paid off his mortgage with proceeds from his Bitcoin (BTC) investments.

Cramer described himself as neither a purist HODLer nor a careless seller of Bitcoin in another interview earlier this week, in which he spoke in more depth about using Bitcoin for the down payment on his property:

“You don’t have to stay in it. That’s again this kind of straw man that what’s going to happen is you buy Bitcoin, it goes up and then you lose everything. And what I’m saying is you buy Bitcoin, you take out what you can, […] so you can buy something of great store of value historically and then you can let it run. […] It’s not a lottery ticket. Many, many people went along for the ride and I think they should sell some and then do something else with it and they can keep some running.”

Cramer said, in what he described as an antidote to those “all-or-nothing” investing orthodoxies, “I don’t get enjoyment from living in Bitcoin, but I did get great enjoyment from buying this place, stocking the pond, fishing, and enjoying my family together.”

Recently, Bitcoin prices have held steady above $50,000, topping out at over $60,000. The enthusiasm for Bitcoin mining has increased under the bull market’s soaring coin prices, with the stocks of the top four mining companies rising by 5,000% in the past 12 months. Why? Miners seek to accumulate a future stream of Bitcoin payments at a more predictable price. With prices rising, mining is increasingly attractive. Meanwhile, most investors, even accredited investors, don’t have the expertise and financial resources to buy expensive mining machines like those used by institutions. Most investors don’t even know what bitcoin mining is or why they should care about it.

In this context, hash rate coins have become an investor’s ticket to enter the crypto world in general, and mining in particular.  Said differently, hash rate coins can deliver a steady, daily stream of bitcoin for an investor. 

With this in mind, Apifiny Hash Hive developed the first standard, perpetual Bitcoin hashrate token suitable for institutional and retail investors.

The bitcoin bull market has sparked a mining boom, but mining is still limited to a niche group of bitcoin miners, outside of the public consciousness. Why? There are several challenges blocking broader investment: cost of mining machines, the difficulty of joining mining pools and mining farms, and regional anti-mining policies (e.g., China) where the machines and their electricity sources are located.  The market is in dire need of a compliant, trusted, and perpetual standard bitcoin hash rate that enables everyone to participate in the benefits of mining.

Recently, Hash Hive, a wholly-owned subsidiary of digital asset trading network Apifiny, launched Hash Hive Standard Hashrate Token (BTCHV), the world’s first perpetual, compliant, and standardized bitcoin hashrate token. Each BTCHV is anchored with 0.01 terahash per second (TH/s) of bitcoin mining hashrate, and investors can directly purchase or stake BTCHV for mining, with participants receiving a daily bitcoin bonus corresponding to the staked mining hashrate.

The Team

The Apifiny Hashrate Service team is composed of experienced mining veterans, all of whom have built and managed mining farms in the United States. Among them, Apifiny CEO Haohan Xu, and executive and compliance teams consisting of experts from top tech and financial institutions, including Goldman Sachs, Google, Bank of America Merrill Lynch, Tower Research, FINRA, Deloitte, and others.

CFO Erez Simha has extensive experience in finance, M&A, SEC reporting, risk management, legal and investor relations, and has served as COO and CFO of a number of companies, including Stratasys (Nasdaq: SSYS) and Orbotech (Nasdaq: ORBK).

Jason Jiang, CTO, was formerly VP and Chief Architect at Goldman Sachs, where he was responsible for quantitative trading, market making, and custom algorithmic research. He previously served as VP of Financial Modeling and as Software Development Manager at Blackrock, where he designed and built the Blackrock Fixed Income Analytics System (ANSERTM) from the ground up. In addition, well-known industry leaders such as Andrew Banhidi, former CTO of Bank of America Merrill Lynch Global Securities, and Raymond Walintukan, former Director of Operations for Bitmain and Bitdeer, are also Apifiny team members.

Hash Hive standardizes bitcoin mining hashrate, staked and secured in a trust, and tokenizes mining hashrate into BTCHV. Hash Hive is a bridge between bitcoin mining and public investors, making bitcoin mining more decentralized, and allowing everyone to participate in the benefits of mining — daily Bitcoin rewards. 

Each BTCHV is collateralized by 0.01 terahash per second (TH/s) of bitcoin mining hashrate, and token holders can stake BTCHV to receive a daily bitcoin allocation corresponding to the staked mining hashrate. They can also trade BTCHV on the secondary market on select exchanges. In short, BTCHV abstracts bitcoin hashrate into a standardized, perpetual, free-floating pass-through, which holders can choose to mine or trade. 

Not all countries support bitcoin mining. If miners operate in countries that are not mining-friendly, such as China, the miners and their hashrate face the risk of being shut down at any time. Non-compliant and untrustworthy Bitcoin mines operating illegally in their home countries present great risk to investors.

To allow everyone to safely participate in mining, BTCHV solves the above problems by creating a compliant, trusted, and perpetual standard bitcoin hash rate, using the following standards.

BTCHV is not simply tokenizing miners or machines.  It is a standard unit of mining input that will never change. Hash Hive ensures that BTCHV is independent of the miner / miner machine lifecycle, and instead guarantees the hashrate: 

The mining machines used to issue BTCHV hashrate tokens are located in regions such as the United States and Canada where regulatory environments are stable and mining-friendly, and electricity costs are relatively low compared to other regions.

BTCHV allocates mining machines across trusted mining farms in different regions to mitigate risks such as power failure. In the future, the hashrate generated by each mining farm will be no higher than 10% of the BTCHV total. I.e., we will have at least 10 farms, with none producing more than 10% of the BTCHV total.

BTCHV will be available for U.S. accredited investors and retail investors in most countries. BTCHV’s energy costs are currently $0.06/kWh with a 3% power loss. The total initial issuance hashrate size is 20 PH/s with 2,000,000 tokens in total. and will be made available for trading for users in most other countries. Each BTCHV is collateralized with 0.01 terahash per second (TH/s) of Bitcoin mining hashrate. 

The first release of BTCHV will be an ERC20 standard token on the Ethereum Chain. Users will be able to stake BTCHV for mining on Apifiny.com. Mining proceeds can be traded freely through Apifiny’s GBBO exchange, with no fee for taker

Orders. GBBO is the world’s best bid and offer service from digital asset trading network Apifiny. It connects exchanges directly or through market makers, sharing liquidity and creating a unified worldwide marketplace based on a large virtual “global order book” for price discovery across over 20 exchanges.

To enable more users to enjoy the benefits of mining, BTCHV will methodically expand its mining sites organically or through acquisition, and will issue BTCHV in various batches as detailed in the chart below.

BTCHV aims to be a trusted, compliant financial product that brings bitcoin mining into the traditional financial world for the first time:

(1) Standardization of hashrate

(2) Perpetuity of hashrate

(3) Everyone can participate in mining with BTCHV

I. BTCHV Quick Buy

II. Stake BTCHV for mining

III. Withdrawing BTC rewards

IV. Redeeming BTCHV

CEO Perspectives

As cryptocurrencies are gaining mainstream recognition, the hash rate tokenization industry is gradually globalizing. Among the many factors affecting hash rate, such as coin price, mining machines, electricity price, system, legal and policy environment, regulatory certainty and stability are important factors affecting the sustainable development of hash rate, which is an important consideration for us to choose to place mining machines in the US. 

The Bitcoin hash rate track is still in its early days and the dividend period has not yet fully arrived, so the future is promising. Compared to physical miners and cloud hash rate, hash rate coins lower the threshold for mining, allowing everyone to enjoy the dividends of mining, while having better liquidity, further promoting the development of the hash rate market. We foresee hash rate coins becoming the trendsetter for the mining industry. In this favorable environment, standard hash rate coins like BTCHV, which have both investment properties and are backed by bitcoin mining rewards, will win the favor of more users and enhance the liquidity of hash rate assets.

Purchases of Bitcoin by central banks and sovereign funds are inevitable as the adoption of cryptocurrencies continues to grow, according to Gemini co-founder Tyler Winklevoss.

More companies are also likely to hold Bitcoin on their balance sheet for treasury purposes, as it serves as a better hedge against inflation than gold, Mr Winklevoss, a cryptocurrencies afficionado, told a webinar organised last week by the AIM Summit and digital asset manager 3iQ.

"At some point a central bank will have Bitcoin on its balance sheet. That just will happen," Mr Winklevoss said.

"Because central banks have gold on their balance sheet. And Bitcoin is Gold 2.0," he argued.

Mr Winklevoss and his twin brother Cameron rose to fame in 2004 after suing Facebook founder Mark Zuckerberg, whom they had employed to build a social networking site, HarvardConnection. The pair alleged that he stole their idea to create Facebook and the case was settled in 2008, with the twins reportedly receiving $65 million in cash and Facebook shares. They invested this in Bitcoin and now have a net worth of $3 billion each, according to Forbes.

The Winklevoss twins first invested in Bitcoin through the Mt Gox exchange in Japan in 2012. Mt Gox was once the world's largest Bitcoin exchange handling 70 per cent of all transactions but it crashed in 2014 after hackers stole about 850,000 Bitcoin (worth $49.2bn at today's prices) from the site's customers.

Turkey's fourth biggest crypto exchange collapses

Bitcoin breaches $50,000 threshold in downfall

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Their loss spurred them into setting up Gemini, a company that offers cryptocurrency custody and exchange services that is regulated by the New York State Department of Financial Services.

Mr Winklevoss said they wanted to build an "institutional-grade" exchange that could be used by the world's biggest money managers. However, thus far only a handful of large asset managers have offered Bitcoin-related investments to clients.

Gemini has held discussions with sovereign funds, pension funds and endowment managers about investing in Bitcoin, according to Mr Winklevoss.

"You'd be shocked how sophisticated and knowledgeable they are in the asset class," he said.

"In my opinion, it is not an if, it is a when that a sovereign wealth fund comes out and says they have Bitcoin. They may already have it."

He expects more companies to hold Bitcoin on their balance sheet as a tool to move money between jurisdictions and a hedge against devaluing currencies, citing the well-documented examples of Tesla and Square.

"There's about 40,000 publicly-traded companies around the world on global stock exchanges that are regulated. I think only 32 have Bitcoin on their balance sheet. That number is going to increase over time. You're going to see the Fortune 100, 500, 1,000 – they're all going to have Bitcoin," Mr Winklevoss said.

The huge monetary stimulus undertaken by the US Federal Reserve and other central banks around the world is also convincing people who were sceptical about cryptocurrency in the past to embrace it, he argued. The US federal debt-to-GDP ratio hit 135 per cent in the second quarter of last year at the peak of the pandemic, which was "higher than in World War II".

"There's actually a big difference, though, because back then we had full employment and record production for the war effort. This time around ... we have had record unemployment and the world's production [ground] to a halt.

"It doesn't take a rocket scientist to see what's happening in these fiat government currency regimes."

Bitcoin rose to $57,551.41 at 6.33pm UAE time on the Luxembourg-based Bitstamp exchange on Saturday. It had risen above $63,000 earlier this month, but faced a sell-off after US President Joe Biden announced plans to increase capital gains taxes. It has still increased six-fold in value over the past 12 months, with a market cap of $1.08 trillion

Regulators in many countries have expressed concerns, though, with Turkey's government introducing a ban on using cryptocurrencies for payment. India's government is also reported to be weighing up a ban and regulators in other markets have expressed concern about Bitcoin's role in money laundering and other illicit activity.

However, 3iQ and other asset managers have developed exchange-traded funds and other regulated vehicles through which asset managers can offer their clients exposure to Bitcoin.

Earlier this month the Canadian digital asset manager said it will seek a listing on Nasdaq Dubai for The Bitcoin Fund, which has a net asset value of $1.33bn. The company is targeting around $200m of subscriptions from investors through the Dubai listing.

"We are seeing a lot of banks trying to get access to crypto for their customers. I think a lot of their customers feel left out," Mr Winklevoss said.

"They've seen Bitcoin is the best-performing asset of the last decade, it's on track to be the best-performing asset of this decade – I think Ether is neck and neck with it. But these assets have absolutely blown away the equities market, the FAANG companies – the best of the best." FAANG is an acronym referring to the stocks of Facebook, Amazon, Apple, Netflix and Alphabet (formerly known as Google)

3iQ's chairman and chief executive Frederick Pye said that although "the world is waiting" for pension funds and other institutions to declare their Bitcoin positions, but they are unlikely to do so.

"Some of the biggest pension funds we are talking to would come back and make us absolutely swear to secrecy if we were managing a portfolio for them because they still consider there's a tail risk in terms of if something dramatic [happens]. Bitcoin has had three corrections of 90 per cent. Nobody wants to hear that their provincial pension plan, federal pension plan or company pension plan has an asset that's down 90 per cent," he said.

Last month the South Korean government announced launching crackdowns to reveal unregulated crypto firms in the country. The nation’s law execution agency has now stressed that non-compliance will attract penalties.  Domestic sources indicate that the operation to ban police officers from holding digital assets aims to introduce more transparency to KNPA departments. The move follows the announcement by the government to deal with illicit cryptocurrency activities.

The Korean government stated that the increasing crypto demand has online theft risks. Traders in the market will witness more efforts by the administration to prevent fraud. They are planning to take the operation from April to June. Various financial regulators, ministries, law enforcement agencies held a meeting recently to discuss countermeasures to deal with crypto fraud. Should we expect more rules by summer? For now, everything remains uncertain as far as new crypto policies in the Korean trading sector.

South Koreans Access More Crypto Than American!!

As the KNPA banned its officers from holding crypto assets, media reports shifted attention to the multiple digital assets available in the South Korean crypto market.

Chosun Ilbo daily reported that the nation has more crypto exchanges than the United States and Japan. Surprising? At the moment, more than 200 cryptocurrency platforms are operating in the country. However, the Financial Services Commission cautioned to shut down unregulated crypto firms. Exchanges dealing with various volatile currencies need to register with the supervisor to continue operating.

However, Korean exchanges are used to currency variety in the market. UpBit, the country’s largest cryptocurrency broker, offers you 178 different tradeable currencies. Bithumb, on the other hand, supports 170 cryptocurrencies. In comparison, the leading crypto exchange in the US, Coinbase, offers 58 assets, and each registered crypto platform in Japan trades 29.

Choi Gong-Pil, a Korean financial official, said that agreements between exchanges and issuers facilitate most crypto transactions. He stated that the lack of market transparency and the existing industry regulations contribute to the risky nature of the crypto space.

Do you have any opinion regarding Korea banning police officers from holding digital coins? Will the approach help to curb criminal activities in the cryptocurrency sector? Comment below.

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Equa has received $2.5 million in funding in a private offering and will use the money to purchase Bitcoin, according to a note from the company. Equa said that proceeds of the funding will go into Bitcoin treasury and corporate treasury tools.

According to the company, Bitcoin-backed promissory notes will be issued at two separate interest rates depending on the amount invested. Those purchasing promissory notes less than $25,000 earn 5% APY, while those purchasing promissory notes greater than $25,000 earn 13% APY paid out weekly.

Equa is a blockchain-based governance and digital security/crypto management platform. Services include document and cap table management, equity distribution, investment, issuance, and more.

Equa added that it will also be offering platform subscribers the capability to create new non-fungible tokens (NFT) on its platform.

Shawn Owen, founder and CEO of Equa, said they firmly believe in the new and innovative financial tools that digital currencies offer.

“This is why we’re very excited to announce the opening of our private offering and use of proceeds to purchase Bitcoin for Equa’s corporate treasury. The launch of NFT capabilities further demonstrates our commitment to providing our clients with cutting-edge opportunities in the digital assets space.”

Equa’s new NFT offering supports clients with the ability to mint NFTs on any blockchain. Equa supports blockchains ETH, EOS, and RVN. Company NFTs can be integrated into Equa’s cap management platform.  Early participants may be able to earn Equa Cash for claiming their NFT early.

Owen said that Equa’s experience in blockchain and management has given them unique insight into how to structure a non-fungible token.

“Designed so that it’s easy for organizations and their token holders from end-to-end, our innovative solution allows for easy token creation and the benefits of blockchain records using crypto-enabled signatures to create an immutable record,”  Owen said.

Coinbase users in the U.S. can now buy Bitcoin and other cryptocurrencies easier than ever via a PayPal integration.

In an announcement posted on its official blog earlier today, Coinbase details how its U.S users can top up their crypto holdings directly from their PayPal accounts. The added feature means users will no longer need to enter their bank or credit card details into the Coinbase platform – they can simply log in to their PayPal from the app and instantly fund their account.

With the exciting new feature, Coinbase users can purchase up to $25,000 a day of cryptocurrency. However, you’ll need to be sure your PayPal email address matches your Coinbase address, or you’ll need to complete two-factor authentication.

The new feature means US Coinbase users now have multiple ways to fund their accounts, including wire transfer, debit card, credit card, and now PayPal. Coinbase intends to expand the feature to further countries in the future and already allows cash withdrawals to Paypal from the US, Canada, UK, and Europe.

In other Coinbase-related news, the leading crypto wallet provider also announced its acquisition of data analytics firm Skew. By integrating Skew’s functionality into its platform, Coinbase hopes to provide its 56 million users with real-time cryptocurrency analytics to help make better-informed trading decisions.

The UK-based analytics company has become highly successful since its founding only 3 years ago, now serving over 100 companies across the globe. Since its IPO earlier this month that saw it listed on NASDAQ under the ticker $COIN, Coinbase has gone from strength to strength with a valuation nearing $100 billion.