Quote of the week: “The peril is you have these $3 million monkeys. The goal of crypto is not to play games with million-dollar pictures of monkeys; it’s to do things that accomplish meaningful effects in the real world.” – Vitalik Buterin, Founder of Ethereum. Source: https://finance.
Robinhood Will Launch Its “Cash Card”: Robinhood is launching a Cash Card that will allow consumers to invest in cryptocurrency using spare change. For each transaction, customers can decide whether they would like to round up their change to the nearest dollar; then customers can choose to use the spare change to invest in digital coins of their choice. Source: https://finance.yahoo.
Bridgewater is Preparing to Invest in Crypto Fund: Ray Dalio’s Bridgewater is preparing to back its first cryptocurrency fund, an external vehicle. This is a signal that the world’s largest hedge fund, with $150 billion in assets under management, is taking cryptocurrency seriously as an asset class. Source: https://www.coindesk.
Meta to Enter Cryptocurrency Trading and the Metaverse: Although it has not been officially announced by Meta, trademark Attorney Mike Kondoudis revealed that Meta has filed applications for trademarks for blockchain software, virtual currency exchanges, financial and currency trading, and digital, crypto, and virtual currencies. Meta has filed a trademark application for the metaverse and a virtual currency wallet. Source: https://www.fxempire.
GameStop’s NFT Marketplace is Live: The beta version of GameStop’s NFT marketplace is now live. The official launch of the marketplace will occur soon, but no exact date has been revealed. GameStop, in partnership with Loopring L2, intends to provide fast, cheap, and secure access to digital ownership to all, and the company aims to give power to players, creators, and collectors. Source:
Bitcoin Update: Bitcoin has hit a 3-week high and is currently trading at $43,098.30 as of March 24 at 10:14 a.m. The current increase in price has followed President Biden’s signing of the executive order on cryptocurrency on March 9, which calls for government agencies to form a plan to regulate cryptocurrency and consider a government-issued central bank digital currency. Furthermore, the surge in Bitcoin’s price follows signals by the Fed relating to up to seven rate hikes in 2022.
And, that’s a wrap!