HGreg, a car dealership company with locations in the U.S. and Canada, would begin accepting bitcoin and other cryptocurrencies as a payment method for its vehicles. HGreg Blazes Trail With Crypto Payment Support The company made the announcement via a press release published on Tuesday (Mar. 2, 2021). According to…
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Adeniyi Olowoporoku
on
February 26, 2021 Regulation
The Belarus government is exploring the prospects of tapping into the crypto mining industry to utilize its excess energy supply.
Crypto Mining on The Agenda
Belarus Energy minister Vikto Karankevich confirmed this development during a meeting with other energy stakeholders in the country. When quizzed on the prospects of using the country’s energy reserves to mine cryptocurrencies. Karankevich was positive with his reply and stated that the government was looking towards creating mining farms.
He further commented that other countries globally had developed mining industries successfully. “China mines the most bitcoin. Most of the world’s largest mining pools are located in this country. It accounts for 65% of the total network capacity. Mining farms are also developing in the USA, Canada, Russia, and other countries”.
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Wayne Jones
on
February 26, 2021 Ethereum
On 25 February, CI GAM (CI Global Assets Management) heralded the filing of the CI Galaxy Ethereum ETF; furthermore, it received a preliminary prospectus for the same.
The First ETH ETF
As the company looks forward to the ETF launch, it will stand as the first-ever ETF investing directly on ETH. Also, it has selected Galaxy Digital Capital Management LP as the fund’s subadvisor; the ETF will be traded on the Toronto Stock Exchange (TSE).
CI Global Assets Management is a subsidiary of CI Financial, prided as one of the Canadian investment giants.
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Dalmas Ngetich
on
February 25, 2021 Adoption, Regulation
A 117-year-old Swiss private bank, Bordier & Cie SCmA, is incorporating Sygnum Bank’s B2B banking platform to extend its offerings and include cryptocurrencies, a
More Regulated Channels of Buying Bitcoin and Cryptocurrencies
As a result of this integration, their clients can now–in a regulated environment, buy digital assets like Bitcoin and Ethereum. They will simultaneously diversify using Sygnum’s digital asset management products.
The infrastructure merger enables the private bank’s clients to participate in the burgeoning digital asset space confidently with the assurance that their activities are compliant with existing laws.
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Aisshwarya Tiwari
on
February 25, 2021 Bitcoin
A report by an Australian crypto exchange posits that bitcoin (BTC) has eclipsed gold in terms of popularity in Australia.
Bitcoin More Popular than Gold
Per a report by Melbourne-based digital currency exchange BTC Markets, bitcoin is more popular than gold Down Under. The report based its findings on a survey of about 2,000 investors in Australia, finding that close to 12.6 percent of them held cryptocurrencies compared to 12.1 percent holding shiny metal.
Motley Fool, close to one in three crypto investors have made their first investment since March 2020 when the global stock markets crashed courtesy of the COVID-19 pandemic.