In “This was the NEWS” we take a look at the most important news of last week. What has happened in the crypto space over the last 7 days? News items that you may have missed and you really need to read. You will find it here!
- Consensus Daily Recaps 1, 2, & 3
Consensus 2019 released a lot of great news and helped Bitcoin reach new highs for 2019. The most important news came from the Winklevoss twins though. Announcing that many big retailers will be accepting Bitcoin and other cryptocurrencies as payment through Flexa.
Read more about the three days of Consensus coverage here: https://www.altcoinbuzz.io/crypto-news/finance-and-funding/consensus-2019-day-1-recap/
- Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust in Q1 2019
One of the biggest indicators for the Bitcoin markets is the premium and volume on the Grayscale Bitcoin Investment Trust. This is a great way to gain direct exposure to Bitcoin without actually owning it. Institutions are entering the space, specifically through this Trust as the company announced a 42% increase of inflows from Q4 2018 to Q1 2019.
Read more about Grayscale Bitcoin Investment Trust here: https://www.altcoinbuzz.io/crypto-news/finance-and-funding/grayscale-reports-3-2-million-average-weekly-investments-in-bitcoin-trust-in-q1-2019/
- TD Ameritrade Executive: “Institutional Interest in Cryptoassets Has Increased Significantly”
“We get calls, emails, 60,000 clients have traded something in this complex. As soon as you open the door, you’re going to get a lot of people [who want to trade or invest in digital assets.” -Steve Quirk
Read more about institutional interest here: https://www.altcoinbuzz.io/crypto-news/finance-and-funding/td-ameritrade-executive-institutional-interest-in-cryptoassets-has-increased-significantly/
- 60 Minutes to Air Bitcoin Segment
Talk about an advertisement, this is perfect for getting the masses to learn about this new asset. Regardless of what people think about the asset, they are still thinking about it and that is a big step towards adoption.
Read more about the 60 Minutes segment here: https://www.altcoinbuzz.io/crypto-news/spotlight/60-minutes-to-air-bitcoin-segment/
“This was the NEWS” summary!
One of the most important pieces of information released at Consensus was the Winklevoss Twins announcing that users can pay with cryptocurrencies at large companies like Starbucks and Lowes. But the most underrated news from the past week, in my opinion, was Coinbase launching USDC trading in 85 countries
While this is extremely boring and has no way to appreciate in value, it does push adoption forward. A stable local currency isn’t something that most countries have. In fact, most people in the world live with an unstable currency. Being able to have access to USDC will allow people in many countries to trade and transact with a stable currency. Looking towards the roots of cryptocurrencies, this is exactly what is needed. In addition, it will get people used to using, sending, and receiving strictly digital currency. The end goal is to use other cryptocurrencies as currencies, this is step one.