VanEck and BetaShares apply for Aussie crypto ETFs as family offices snap up BTC

Numerous institutional crypto product applications have been lodged as Australians buy more Bitcoin. Family offices in Australia are reportedly piling into digital assets as fund managers compete to list the country’s first cryptocurrency-backed exchange-traded fund. VanEck and BetaShares have each lodged submissions with the Australian Securities Exchange (ASX) following a rejection of industry speculation in March that the exchange was opposed to such products. The ASX confirmed that had received formal applications from several other investment managers eager to launch their own Bitcoin ETFs. Earlier this week VanEck Asia-Pacific chief…

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PayPal says its crypto efforts are producing ‘really great results’ on earnings call

PayPal’s CEO believes crypto assets are forging a more equitable and inclusive financial system. During PayPal’s Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a driving force in forging “a more equitable financial system.” Following the success of PayPal’s move to embrace crypto assets, much of the call centered around the firm’s recent and future plans for digital assets. “We believe the current technological underpinnings of…

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The NFL Gets a Taste of Crypto as Grayscale Partners With the New York Giants

The world’s largest cryptocurrency asset manager Grayscale Investments has announced the first partnership with a National Football League (NFL) team. Grayscale will be the official digital currency asset management partner for the New York Giants and will sponsor a number of events. Grayscale Investments Partners With the New York Giants Following a number of NBA teams getting in on crypto-asset acceptance and partnering with crypto companies, Grayscale Investments has revealed a partnership with the NFL team the New York Giants. Grayscale, a crypto asset manager with over $46 billion in…

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Dogecoin Has ‘Remarkably Strong Fundamentals’ Despite Deficiencies, Says Mike Novogratz’s Galaxy Digital

Bitcoin bull Mike Novogratz’s company, Galaxy Digital, has analyzed dogecoin and concluded that “despite its deficiencies, dogecoin has remarkably strong fundamentals and powerful forces supporting its rise.” Novogratz admitted that he had been too bearish on the cryptocurrency. Dogecoin Should Not Be Ignored, Says Galaxy Digital Galaxy Digital Research published a report on Tuesday entitled “Dogecoin: The Most Honest Sh*tcoin.” The report outlines the history and progress of Dogecoin, noting that its appeal “has always been its honesty.” The authors described that “Unlike many other cryptocurrency projects, Dogecoin does not…

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Revolut app announces Bitcoin withdrawals… within limits

Revolut has rolled out its Beta launch of Bitcoin withdrawals to U.K.-based Metal customers, who will be allowed to withdraw 500 to 1000 pounds a month in its initial stages. Europe’s leading financial app Revolut has finally enabled Bitcoin withdrawals four years after it first provided crypto trading services to some users, and a year after it extended trading to all 7 million users worldwide. Revolut first added Bitcoin, Litecoin, and Ethereum trading for premium users back in 2017, however they have only been able to withdraw it as fiat…

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It’s Time: UFC to Launch Fan Token for Millions Around the World

UFC, the world’s largest MMA promotion, is preparing to mint its own token. The company, which has played a key role in the rise of the combat sport’s popularity, now wants to provide a growing fan base with access to exclusive content, rights, and rewards using blockchain technology. UFC Fan Token to Have a Maximum Supply of 20 Million The Ultimate Fighting Championship (UFC) announced this week it’s going to launch the $UFC Fan Token next month. The coin will be minted in partnership with Chiliz, a blockchain company that…

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Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network

TEL price broke out into a vertical rally after a protocol upgrade and a layer-2 migration that enabled trading on QuickSwap. The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today.  Blockchain-based global remittance platforms are one sector of crypto projects that have evolved over time to help meet the needs of peer-to-peer money transactions, and Telcoin (TEL) is one such project that has made significant gains in…

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Swiss SEBA Bank Dives Into Defi Expanding Its Offering With 3 Tokens

Switzerland-based crypto bank SEBA is adding support for three defi tokens, bringing the number of cryptocurrencies available on its platform to a total of nine. SEBA clients are able to buy, store and trade with fiat any of these cryptos. SEBA Bank Supports the Coins of 3 Defi Protocols With the new tokens, SEBA Bank is not only expanding its offering but entering into the decentralized finance (defi) world, the fintech noted in an official announcement published this week. The financial company believes it’s now supporting “the tokens of the…

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Largest Latin American eCommerce platform adds $7.8M Bitcoin to its treasury

The purchase makes the eCommerce platform the 36th publicly traded company to add Bitcoin to its balance sheet. Mercado Libre, the largest e-commerce platform in Latin America, has announced to the U.S. Securities and Exchange Commission (SEC) that it acquired $7.8 million in Bitcoin in the first quarter of 2021. It stated in the report: “As part of our treasury strategy this quarter we purchased $7.8 million in Bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets”. The purchase makes the Argentinean company the first large…

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Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry

Bitcoin bulls have a $104 million advantage leading into Friday’s $1.1 billion options expiry, but a favorable close depends on BTC price reaching $60,000. Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level. This move back to $57,500 relieved bulls from the negative pressure of the May 7, 3,500 BTC options contract, which represents $200 million in open interest along with a $1.1 billion options expiry. Today’s swift recovery could have been partially driven by the news that New Digital Investment…

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