Last Week Recap In Cryptocurrency

Last week in cryptocurrency

Last Week Recap In Cryptocurrency

Happy productive new week.

A lot happened last week in cryptocurrency and I’m about to share with you some of the highlights.

First, Kraken(a US-based crypto company) became the first U.S. regulated bank to provide deposit-taking, custody, and wealth manager for digital assets. Second, MicroStrategy now owns 0.18% of all Bitcoin, having bought $175M more Bitcoin. Finally, just like Robert Kiyosaki, Jim Cramer(a Wall Street OG) was converted from a gold bug to a Bitcoiner.

More on these stories below.

We’re Reading

Kraken becomes a bank

Insights

  1. Bitcoin As An Investment (part II) – Ark Invest
  2. The Case for Collaboration: Why the US Government and Crypto Ecosystem Must Work Together – Electric Capital
  3. A Century of Fiscal and Monetary Policy: Inflation vs Deflation – Lyn Alden
  4. Pomp claims he convinced Jim Cramer to buy Bitcoin – Cointelegraph
  5. There Are Now 10,000 Bitcoin ATMs Globally – Decrypt

News

  1. Bitcoin CEO: MicroStrategy’s Michael Saylor Explains His $425M Bet on BTC – CoinDesk
  2. Kraken Wins Bank Charter Approval – Kraken
  3. U.S. crypto, fintech firms to benefit from slimmed down regulatory process – Reuters
  4. As network costs rise, Coinbase will require Pro customers to pay withdrawal fees – The Block
  5. Bakkt Bitcoin Futures Daily Trading Volume Hits Record High – CoinDesk
  6. DeFi Project ParaSwap Raises $2.7 Million to Scale Out – Decrypt
  7. New Bitcoin Options App Raises $4.7M in Round Led by Pantera Capital – CoinDesk
  8. CB Insights Acquires Netherlands-based Blockdata – CB Insights
  9. The market isn’t convinced the Federal Reserve can achieve its inflation objective – CNBC
  10. Libra Association hires former HSBC veteran to head its stablecoin project – The Block
  11. Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO – CoinDesk
  12. Hester Peirce disagreed with the Unikrn ruling – SEC

 

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This resource was compiled @jasonyanowitz of Blockworks Group.

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