BASICS
Ilon Musk's Twitter, BTC legalization in Panama, Goldman Sachs crypto-credit and other crypto-news of the week
Cryptocurrency
Bitcoin has struggled with mixed success this week against the current key resistance level at $40,000.But by the weekend and through May 03, bitcoin had fallen to the $38,000 area.
All of the top 10 digital assets by market capitalization closed the week in the red zone.
XRP lost the most - 16%, Cardano (ADA) - 12.9%, Solana (SOL) - 12.8%.
Elon Musk to buy Twitter for $44 billion
The head of Tesla will pay $54.2 per share, 38% more than they were worth on April 1, when Elon Musk bought 9.2% of the company. For the purchase of the social network, he allocated $21 billion of personal funds. Another $25.5 billion gave the entrepreneur a group of banks led by Morgan Stanley.
The deal is expected to be closed by the end of 2022. After that Twitter will become a private company. Shares can only be bought and sold on the over-the-counter market.
(The price of mem-cryptocurrency Dogecoin (DOGE) momentarily reached the mark of $0.17 amid the news about the decision of Twitter management to sell the social network to Ilon Musk).
Goldman Sachs crypto-credit
American financial conglomerate Goldman Sachs issued its first loan secured by bitcoin. The deal was being prepared since the beginning of this year as part of the bank's course to strengthen its position in the cryptocurrency space.
Official Bitcoin in Panama
Authorities in Panama have approved a bill legalizing cryptocurrency in the country.
The bill allows the use of such assets and will even allow people to pay taxes with cryptocurrencies.
This is the second country after El Salvador to equate BTC with its own national currency.
Launch of BlackRock ETF
The world's largest asset manager BlackRock ($10 trillion under management) launches the first ETF based on cryptocurrency and blockchain. This company is clearly following its course for development in the cryptocurrency space.
Central African Bitcoin
The Central African Republic will legalize bitcoin as legal tender, similar to El Salvador. BTC will be accepted in the country along with the local national currency.
Crypto Pensions
This week it was announced that one of the world's largest investment firms, Fidelity, will allow its clients to accumulate bitcoins in their retirement accounts.
Following that, MicroStrategy also said it would offer its employees the ability to invest in bitcoin as part of its retirement portfolio.
Bitcoin has struggled with mixed success this week against the current key resistance level at $40,000.But by the weekend and through May 03, bitcoin had fallen to the $38,000 area.
All of the top 10 digital assets by market capitalization closed the week in the red zone.
XRP lost the most - 16%, Cardano (ADA) - 12.9%, Solana (SOL) - 12.8%.
Elon Musk to buy Twitter for $44 billion
The head of Tesla will pay $54.2 per share, 38% more than they were worth on April 1, when Elon Musk bought 9.2% of the company. For the purchase of the social network, he allocated $21 billion of personal funds. Another $25.5 billion gave the entrepreneur a group of banks led by Morgan Stanley.
The deal is expected to be closed by the end of 2022. After that Twitter will become a private company. Shares can only be bought and sold on the over-the-counter market.
(The price of mem-cryptocurrency Dogecoin (DOGE) momentarily reached the mark of $0.17 amid the news about the decision of Twitter management to sell the social network to Ilon Musk).
Goldman Sachs crypto-credit
American financial conglomerate Goldman Sachs issued its first loan secured by bitcoin. The deal was being prepared since the beginning of this year as part of the bank's course to strengthen its position in the cryptocurrency space.
Official Bitcoin in Panama
Authorities in Panama have approved a bill legalizing cryptocurrency in the country.
The bill allows the use of such assets and will even allow people to pay taxes with cryptocurrencies.
This is the second country after El Salvador to equate BTC with its own national currency.
Launch of BlackRock ETF
The world's largest asset manager BlackRock ($10 trillion under management) launches the first ETF based on cryptocurrency and blockchain. This company is clearly following its course for development in the cryptocurrency space.
Central African Bitcoin
The Central African Republic will legalize bitcoin as legal tender, similar to El Salvador. BTC will be accepted in the country along with the local national currency.
Crypto Pensions
This week it was announced that one of the world's largest investment firms, Fidelity, will allow its clients to accumulate bitcoins in their retirement accounts.
Following that, MicroStrategy also said it would offer its employees the ability to invest in bitcoin as part of its retirement portfolio.
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