Altcoins are on the rise as Ethereum and Dogecoin hit new highs this week. ETH traded over $ 3,500 while Dogecoin has come closer to trading at $ 1 than ever in anticipation of Elon Musk’s guest appearance as guest host of “Saturday Night Live”.
Thanks to partnerships with digital asset manager NYDIG, US banks are ready to offer their customers crypto services. Hundreds of banks are already enrolled in the program, which will shortly allow customers to buy, hold and sell Bitcoin through their existing accounts.
The popular auction platform eBay is currently examining the possibility of crypto payments. Although no official decision has been made yet, eBay CEO Jamie Iannone believes that his company prides itself on allowing new payment methods and that crypto opens up several new opportunities for both eBay and its customers.
S&P Dow Jones Indices has launched three new cryptocurrency indices. The S&P Bitcoin, Ethereum, and Crypto Mega Cap Index make it easy for retailers to invest in the largest cryptocurrencies, while the indices can also be used to track crypto prices in the ancient financial world.
The payment app Square posted record revenues for its first quarter. The company generated 266 percent more revenue than in the first quarter of last year, claiming this was mainly due to massive price hikes in Bitcoin.
The European banking app Revolut enables its crypto investors to move their digital assets to other platforms or wallets. Currently, much like PayPal and Robinhood, Revolut prevents its users from taking the Bitcoin purchased on their platform and moving it to another location.
Barry Silbert’s Digital Currency Group will now purchase up to $ 750 million in GBTC shares from Grayscale. This is a $ 500 million increase over the crypto giant’s announcement in March, and the boost comes as the largest crypto fund continues to be at a heavy discount on the underlying Bitcoin it holds.
Charlie Munger, vice chairman of Berkshire Hathaway, called Bitcoin “disgusting and against the interests of civilization” at the company’s annual general meeting. 97-year-old Munger and legendary investor Warren Buffet have long criticized Bitcoin for its extreme volatility and lack of regulation.
