BTC, ETH and DOGE hit new all-time highs on Wednesday, boosted by positive news surrounding the crypto ecosystem. MicroStrategy shares also rose after announcing BTC payments to its Board of Directors. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍BTC, ETH and DOGE all hit new all-time highs on Wednesday. Bitcoin (BTC) reached a new value of $63.693 per unit this Wednesday. The crypto ecosystem is surrounded by positive news that is driving the value of the cryptocurrencies, in the markets.
In addition to BTC, ETH, the network's cryptocurrency Ethereum, is also experiencing an upward trend, which raised its price to a new historical high of $2.314 per unit. Dogecoin (DOGE) is another of the altcoins which is following in the footsteps of Bitcoin. At the time of writing this note, the value of DOGE is above $0,10, with a growth of more than 45% in the last few hours. DOGE marked a new high on April 14 with a value higher than $XNUMX. $0,11 per unit.
Bitcoin and Blockchain Adoption
📍Galaxy Digital joins the list of applicants for a Bitcoin ETF (exchange-traded fund) with the SEC. The financial and banking services company for digital assets filed an application with the United States Securities and Exchange Commission (SEC) to apply for the creation of a Bitcoin ETF in the country.
Although the company has not provided further details on the request made, citing SEC regulations, it does confirmed having submitted the application and awaiting approval from the regulator to create this investment product with the most important cryptocurrency on the market today.
📍BTC adoption by businesses and retail outlets continues. Now, the nightclub E11even Miami, located in the city of Miami, United States, will be accepting payments in bitcoins very soon. According to reported The club will be activating the BTC payment option starting on April 23 to improve the experience of visitors and guests.
📍The Spanish international trade company calconut is integrating blockchain technology into its supply chain to track raw materials and verify their origin. A local media outlet reported that; Calconut uses new technologies as a way of guaranteeing excellence to its customers, by verifying the origin of its products and raw materials, and having reliable and detailed information on all the processes to which they have been subjected before being received by the company.
In addition to bitcoin payments, the club also plans to accept payments in other cryptocurrencies such as Bitcoin Cash (BCH), Ripple (XRP), Dogecoin (DOGE), among others.
📍The Linux Foundation is associating with the American Insurance Services Association to launch an insurance platform based on blockchain technology. As the foundation announced in a release recent, the new insurance platform called Open Insurance Data Link will contribute to the development and transformation of the insurance industry by providing a solution that will reduce the cost of regulatory reporting for insurance companies, as well as provide a standardized data repository for analysis, and a connection point for third parties to deliver new applications to members.
📍The European Investment Bank (EIB) will use blockchain technology to sell euro bonds. According to a report According to a report by Bloomberg, the EIB plans to harness the power of blockchain technology to issue and settle bonds, which may boost the use of digital ledger technology as a tool for the region's debt market.
📍A day after MicroStrategy announced that its Board of Directors will be paid in Bitcoin instead of dollars, the company's shares rose 16%. The company's shares reached a value of $848, data from the company show. Trading ViewMicroStrategy's stock, MSTR, opened the day at $715.
Rules and Regulations
📍HSBC confirms that it is prohibiting the purchase and trading of MicroStrategy shares from its platform. Yesterday, this media reported a complaint from a user, who showed a statement from the bank prohibiting the trading and negotiation of MicroStrategy's MSTR shares within the platform.
Now, HSBC InvestDirect investment platform, HSBC, confirms which is banning trading in MicroStrategy shares as it considers the company a digital currency product. HSBC said it will not engage in facilitating products related to digital currencies, or products related to, or products referencing the performance of cryptocurrencies.
Continue reading: MicroStrategy advances its crypto strategy and pays its executives with bitcoin
