The Digital Assets Report 09

What happened last week ?

• PayPal CEO Reveals Plans for New Crypto Unit
• Goldman Sachs : Bitcoin’s 2021 Returns Destroy Everything on Wall Street
• Citibank: Bitcoin Will Lead to Powerful Change and Revolution
• Digital Artist Beeple Sold the World’s Most Expensive NFT
• JPMorgan Is Eyeing Bitcoin And Crypto Clearinghouse Options Amid Huge Price Rally
• Twitter CEO Jack Dorsey Is Selling His First Tweet in the Form of an NFT

BUSINESS

PayPal CEO Reveals Plans for New Crypto Unit - Decrypt

Dan Schulman gives details on PayPal’s crypto ambitions, its plans for a “super app,” and whether the company will buy Bitcoin any time soon.

DecryptJeff John Roberts

‘We’ve crossed a line’: Why Goldman Sachs says crypto is here to stay

Mathew McDermott, the bank’s most senior crypto exec, says there’s no going back on digital assets as institutional investor clients pile in

Financial NewsEmily Nicolle

Investview Says It Holds More Than $1M in Crypto on Its Balance Sheet - CoinDesk

Financial technology company Investview has reported holding more than $1 million in bitcoin and other crypto on its balance sheet.

CoinDeskOmkar Godbole

JPMorgan Is Eyeing Bitcoin And Crypto Clearinghouse Options Amid Huge Price Rally

Wall Street giant JPMorgan, after ramping up its cryptocurrency services over the last year, is exploring bitcoin and cryptocurrency clearinghouse options...

ForbesBilly Bambrough

Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International Trade – Featured Bitcoin News

Citigroup says bitcoin is at a tipping point and the cryptocurrency could become “the currency of choice for international trade.” The firm wrote in a report that “we could be at the start of massive transformation of cryptocurrency into the mainstream.”

Bitcoin NewsKevin Helms

MARKETS

Crypto Charts 09

Bitcoin short term chartLast time we said ‘ I am showing the bullish count that says the correction isover and we are continuing higher to new highs a move above 58000 will confirmthis view.’ We traded to 61740 before selling off sharply in a fourth wavecorrection. A push back above 57300 should …

The AssetsMatthew Clark

Survey says Americans could spend up to $40B from stimulus on Bitcoin

A survey from Mizuho Securities suggests that U.S. residents who will receive $1,400 checks as part of the $1.9 trillion American Rescue Plan could put the money into Bitcoin.

CointelegraphTurner Wright

Bitcoin bulls take a breather while BTC price slips below $55,000

Sellers pushed Bitcoin price below $55,000 even as record-high BTC futures open interest and optimism surrounding the issuance of $1,400 stimulus checks for Americans had traders anticipating a rally.

CointelegraphJordan Finneseth

OPINIONS

Shark Tank’s O’Leary: Investors Need to Know How Their BTC Is Mined - CoinDesk

Bitcoin mined with dirty energy sources like coal could be frowned upon like “blood diamonds,” investor and TV star Kevin O’Leary claims.

CoinDeskOmkar Godbole

REGULATIONS

New reports of India’s crypto ban re-emerge after finance minister said a ‘calibrated’ position will be taken

The Indian government is reportedly planning to ban cryptocurrencies after all. New reports of the ban have re-emerged after the country’s finance minister recently said a “calibrated” position will be taken.

The BlockYogita Khatri

A petition asks French Parliament to allow central bank to hold bitcoin

A lawmaker in France has signed on to a new petition calling for the French government to allow the country’s central bank to buy bitcoin.

The BlockAislinn Keely

Ripple advisor’s crypto connections kill appointment as banking regulator | Modern Consensus.

Former Ripple Advisory Board member Michael Barr was too moderate and pro-crypto for progressives who blocked his nomination as Comptroller of the Currency Barr was seen as part of a trio of crypto-friendly financial regulators nominated or under consideration by the administration of President Joe …

Modern Consensus.lvlewitinn

Bill to Exempt Crypto from Securities Laws Reintroduced in Congress - Decrypt

Warren Davidson introduced version 3.0 of the Token Taxonomy Act, which he previously sponsored in 2018 and 2019.

DecryptJeff Benson