Bitcoin News: Issue 086
Bitcoin Price Surges Past $50,000
Bitcoin’s price has surged past $50,000 for the first time since May 2021. The surge was driven by a wave of positive news, including the announcement of El Salvador’s adoption of Bitcoin as legal tender.
SEC Delays Decision on Bitcoin ETF
The US Securities and Exchange Commission (SEC) has delayed its decision on whether to approve a Bitcoin exchange-traded fund (ETF). The SEC had been expected to make a decision by March 14, but it has now extended the deadline to May 14.
Tesla Sells 75% of Its Bitcoin
Tesla has sold 75% of its Bitcoin holdings. The company sold the Bitcoin for an estimated $1.5 billion in profit. Tesla’s CEO, Elon Musk, said that the sale was made to raise funds for the company’s expansion.
PayPal Expands Crypto Offering
PayPal has expanded its crypto offering to include the ability to buy and sell cryptocurrencies in the United Kingdom. PayPal users in the UK can now buy and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
New York to Create Crypto Regulatory Framework
New York is planning to create a new regulatory framework for cryptocurrencies. The framework will include a licensing requirement for crypto exchanges and other crypto-related businesses.
Crypto Market Cap Tops $2 Trillion
The total market capitalization of the cryptocurrency market has topped $2 trillion for the first time since May 2021. The total market cap is currently at $2.05 trillion.
Other News
* Coinbase to Launch New NFT Marketplace
* CryptoPunk NFTs Sell for Record $23.7 Million
* Bitcoin Lightning Network Surpasses 50,000 Nodes
* Major Banks Join Digital Currency Forum
* IMF Warns of Crypto-Related Risks
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