Canada launches first Bitcoin ETF

There is no end to the positive developments surrounding Bitcoin. Now, Canada’s Purpose Investments has launched the first exchange-traded Bitcoin fund on Feb. 11.

The Purpose Bitcoin ETF, approved by the Canadian government, becomes the first exchange-traded crypto fund (ETF) in North America. CAD and USD versions will be traded on the Toronto Stock Exchange under the BTCC and BTCC.U, respectively.

According to the prospectus, the ETF will be audited by Big Four consulting firm Ernst and Young. Cidel Trust will handle custody duties in Canada, while Gemini Trust Company, owned by Tyler and Cameron Winklevoss, will be the sub-trustee for non-Canadian holdings.

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Which company will follow Tesla?

After Tesla’s $1.5 billion bitcoin purchase, the Internet is awash with rumors about which high-profile company is next.

But even at this stage of the game, corporate BTC purchases are drawing controversy from trad-fi supporters. They raise concerns about reducing dollar liquidity and increasing the risk of volatility.

As much as the “Elon candle” gave Bitcoin a massive boost on Monday, the mainstream media rallied to dismiss the news’s significance. Nevertheless, bitcoin is currently trading back at $46,200, with analysts seeing a rise above $50,000 soon.

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Amazon could launch digital currency project

Recent job postings suggest Amazon may be preparing to launch a digital currency project in Mexico.

Job postings suggest that e-commerce giant Amazon may be preparing to launch a digital currency project in Mexico. Simultaneously, Amazon has yet to announce the project, several job postings at the company hint at a typical walled digital currency that could launch in emerging markets.

Amazon is currently looking for a software development manager whose job would be with digital and emerging payments. In its job posting, the tech giant said it brings together a technology team to develop innovative payment products for customers in emerging markets. The tech team consists of talented software development engineers (SDEs) and software development managers (SDMs).

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Mastercard is planning to give merchants the option to receive payments in cryptocurrency

The credit card provider Mastercard wants to open its global network for cryptocurrencies this year. And that would be a sensation. It would allow merchants to tap into more customers who already rely on digital assets. However, Mastercard will not support all cryptocurrencies, as some digital coins still have insufficient compliance measures.

Das Interesse an Bitcoin nimmt zu: Kryptowährungen sorgen derzeit für Schlagzeilen. Nicht nur an der Börse, wo sie laufend an Wert gewinnen, sondern auch in Sachen Akzeptanz. Anfang dieser Woche hatte hatte Tesla-Chef Elon Musk erklärt, sein Unternehmen investiere 1.5 Milliarden Dollar in die Kryptowährung und wolle die Digitalwährung bald als Zahlungsmittel akzeptieren.


Cryptocurrency on PayPal

What did PayPal announce around Crypto?
We announced that PayPal users in the U.S. can buy, sell and hold select Cryptocurrencies directly through PayPal using their Cash or Cash Plus account. Users will be able to learn about Crypto, track crypto prices, all without leaving the PayPal app. We plan to introduce this service to Venmo in 2021.
PayPal also announced that it will enable Cryptocurrency as a funding source for purchases in 2021, allowing users to use their Cryptocurrency holdings to make purchases at its network of more than 26 million merchants. Once launched in 2021, when a consumer selects Cryptocurrency as the funding source, the Cryptocurrency will be instantly converted to fiat currency and the transaction will be settled with the PayPal merchants in fiat currency.
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Hyundai/ KIA deny talks around Apple electric car

In the future, things could get a little quieter around Apple’s plans and its autonomous electric car, which is to be manufactured by Hyundai or KIA. This is because the South Korean carmaker Hyundai and its subsidiary Kia are, according to their own information, not currently in talks with the US electronics giant Apple to build autonomous driving cars. This is according to a statement to the stock exchange in Seoul.

It was more or less known that Hyundai Motor and Apple plan to sign a partnership for autonomous electric cars by March. According to a report from Korea IT News, with this agreement as to the basis, production of the e-vehicle would be targeted in the United States starting in 2024. As recently as early January, Hyundai distanced itself from related rumors when information became public, hinting at collaboration between the two companies. Then, however, the word became more concrete, and the first prototype was announced for 2022. Hyundai and KIA recently said that they were not entirely happy with the role of contract manufacturers in the form of insiders.

Since the beginning of January, the rumors about Apple’s entry into e-mobility, which had repeatedly been circulating for several years, had gained new momentum. So far, there has been no talk of statements from the automakers or Apple itself. Apple is considered extremely sensitive when suppliers or partners want to publicly name the company as a customer. Whether the collaboration is finally off the table is questionable. It could be more realistic that Hyundai/KIA wants to take some pressure off the kettle to continue negotiations and plans with Apple in peace.

Tesla buys Bitcoin

“In retrospect, it was inevitable.” The words Elon Musk tweeted in late January 2021 make quite a bit of sense in retrospect. Tesla is now the most valuable company globally that has made a billion-dollar investment in Bitcoin and will help cryptocurrencies further into the mainstream. So Tesla will continue to invest in Bitcoin, and it will accept crypto assets as payment in its stores in the future.

This news, hidden in a document for the US Securities and Exchange Commission (SEC), has propelled Bitcoin to new heights. On Tuesday night, BTC grew to as high as $47,600. That represents a recent price increase of nearly 20 percent in 24 hours and a gain of almost 35 percent in a week. These hefty gains benefit retail investors and those companies (e.g., MicroStrategy, Square, PayPal, etc.) that have put a lot of money into Bitcoin as a gold alternative in recent months as institutional investors.

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Will Dogecoin explode?

Dogecoin was actually intended as a meme. The cryptocurrency with the symbol of the Shiba Inu was created without a fixed limited money supply. By definition, there is an infinite amount of DOGE, which runs counter to the idea that cryptocurrencies are valuable because of their little money supply.

Dogecoin enjoys a small rally every year, which is usually accompanied by more or less hype on social media. In the recent past, the price was boosted by Elon Musk’s tweets, who did not want to give any financial advice but nevertheless revealed himself as a fan.
In the last few hours, the DOGE price literally exploded, and now many experts are perplexed by the renewed phenomenon.

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Gigafactory Berlin-Brandenburg. Tesla Deutschland

The federal government is funding U.S. electric carmaker Tesla to the tune of billions of euros. This was reported by “Businessinsider” at the beginning of the week, citing insiders from government circles. Tesla’s application for the “IPCEI” funding program of the Federal Ministry of Economics seems to have paid off.

Specifically, the battery cell factory in Grünheide is receiving funding. In addition to Tesla, 10 other companies are receiving funding. According to Businessinsider, the IPCEI program was once initiated to support European companies in key technologies so that they could take on the Chinese and U.S. competition – now, however, possibly the biggest competitor of Volkswagen, BMW & Co. will be awarded the contract.

The specific amount of funding is not yet known. However, several sources in government circles have reported that the amount is in the “single-digit billions.

The federal government is providing two-thirds of the funding and the state of Brandenburg one-third.

Production at the Gigafactory in Grünheide is scheduled to start in July. Production will include Model 3 and Model Y vehicles as well as various batteries and powertrains.

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Reddit partners with Ethereum Foundation

While the online community Reddit is in the international headlines because users are organizing to buy shares, the creators behind it are pushing ahead with their blockchain and token technology plans. A partnership has been struck with a massive player in the crypto industry: the Ethereum Foundation.

“While Reddit continues to grow with more than 50 million daily users and hundreds of thousands of communities, the platform has long maintained a decentralized ethos by allowing users to create, manage, and grow their own communities,” the US company says. “Through this partnership, we will strengthen our commitment to the blockchain, accelerate scale and resources for the Ethereum ecosystem, and bring the value and independence of blockchain technology to millions of Redditors.”

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