Monday April 4, 2022
◾ The total market cap of digital assets is holding at $2.1 trillion.
◾ NFT platform OpenSea will start to accept credit and debit card payments. (Cryptobriefing)
◾ The People’s Bank of China is releasing the digital yuan in 11 more cities including Hangzhou, Tianjin, and Guangzhou. (Beincrypto)
Expect a quiet start to the news week as many companies plan to announce new products and ventures at Bitcoin 2022 in Miami starting Wednesday.
Government & NGO Actions
◾ The SEC has rejected an application from ARK 21Shares for a spot bitcoin ETF. (SEC)
◾ Colombia’s tax authority issued a reminder to investors to include digital assets in their tax filings starting this year. (News.bitcoin)
◾ Kazakhstan officials identified crypto miners misused $18 million in tax relief programs meant to assist “innovative companies.” (News.bitcoin)
◾ Ukraine sold 1,282 NFTs on its first day of the offering raising 190 ether ($600,000) to help rebuild museums, theaters and other cultural institutions destroyed by Russia fighters. (Bloomberg)
◾ Turkish authorities are seeking a sentence of up to 40,564 years for the founder and executives of failed crypto exchange Thodex. (Bloomberg)
◾ Oklahoman lawmakers are proposing to provide tax exemptions to crypto miners. (Legiscan)
◾ The Bank of International Settlements is holding the DeFi22 conference today asking the question “does safe DeFi require CBDCs?” (BIS)
Public Company Releases
◾ Bitfarms (BITF) added 400 PH/s to its capacity in March mining 363 bitcoin. (Globewirenews)
◾ BitNile (NILE) https://bitfarms.com/ mined 31 bitcoin in March and will reach 500 PH/s of total capacity once its current inventory of crypto miners is installed. (Businessnewswire)
◾ Mawson Infrastructure (MIGI) has registered to issue up to $500 million in new securities. (SEC)
◾ Bitcoin miner PrimeBlock announced plans to go public through a $1.25 billion SPAC with 10X Capital Venture Acquisition Corp II ( VCXA). (Globenewswire)
◾ CME Group (CME) is “looking at” offering altcoin futures including Solana (SOL) and Cardano (ADA). (Cryptotimes)
Protocols, Applications & Business News
◾ Australian convenience store chain OTR is planning to accept bitcoin and other cryptocurrencies for payment at its 170 locations in South Australia. (U.today)
Metaverse Briefings & Activations
◾ Citi believes the metaverse has the potential to become a $13 trillion opportunity by 2030. (Citi)
Market Data
◾ The total number of bitcoin in circulation has crossed 19 million; only 2 million left. (Blockchain.com)
◾ A survey from Gemini finds that almost half of all digital asset owners in the US, Latin America and Asia Pacific purchased crypto for the first time in 2021. (Reuters)