- After weeks of speculation, Coinbase officially announced plans to become a publicly-traded company, choosing to use a direct listing instead of a traditional IPO to list shares (CNBC)
- Although the GameStop debacle thrust the Robinhood trading app into the spotlight this week, it also impacted the cryptomarket’s participation on the app. As scorned Redditors turned to cryptocurrency to offset GameStop losses, Robinhood temporarily halted trading Dogecoin (a Reddit-hyped cryptocurrency that spiked over 348%) and all other cryptocurrencies due to “extraordinary market conditions” (The New York Post)
- Could Miami become the new Silicon Valley? The New York Times thinks so, profiling a number of tech and finance gurus who have chosen to move operations and homesteads to The Magic City. Some notable transplants include PayPal cofounder Keith Rabois and mega-investor Peter Thiel.
- Visa may be heading towards adding cryptocurrencies to its payments network as they believe they have now harnessed the tech to make them “safe, useful and applicable” for the everyday user (Coindesk)
- Grayscale is dipping into the altcoin market, registering new trusts in Delaware that signal involving Monero, EOS, Uniswap, Polkadot, Cosmos, Cardano, and Aave in crypto trusts in the future (Daily HODL)
- As Bitcoin continues its wild ride, mainstream affluent investors are becoming more interested in joining in. The New York Times detailed how big names in finance are wading into cryptocurrency markets, including how institutional finance is protecting investors against threats unique to these investments
- The Harvard, Yale, and Brown endowment funds have been buying cryptocurrency on exchanges for at least a year, this according to a report released by CoinDesk this week
- ?? According to reports earlier this week, India plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 which will halt cryptocurrency trading and begin the development of a central bank digital currency (BTC Manager)