E-commerce giant MercadoLibre adds Bitcoin to treasury
Nasdaq-listed MercadoLibre buys Bitcoin, plus other highlights this week
Bitcoin is coming to hundreds of banks this year, Uniswap V3 goes live, eBay exploring crypto
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Quick Take:
E-commerce giant adds Bitcoin to its treasury
Mogo adds Ether to its treasury
Bitcoin is coming to hundreds of banks this year, here’s why
Uniswap V3 is now live on the Ethereum
eBay exploring cryptocurrency payments and NFTs
ING Bank says DeFi could be more disruptive than Bitcoin
Digital Currency Group to buy up to $750 million worth of GBTC
S&P Dow Jones Indices launches its first 3 crypto indexes
Latin American e-commerce giant MercadoLibre says that it now holds Bitcoin on its balance sheet
Announcing its first-quarter results for 2021 in a regulatory filing, the Latin American e-commerce giant MercadoLibre said that "as part of our treasury strategy this quarter we purchased $7.8 million in bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets."
Mercadolibre Inc., is Latin America’s leading e-commerce company with almost 70 million users on its marketplace, and a market cap of $73 billion.
The financial results cover the first quarter ending March 31, 2021, however the exact timing of the MercadoLibre’s purchase is unknown.
Nasdaq-listed Mogo says it has bought Ether for its treasury
Mogo Inc., a digital payments and financial technology company, announced on Monday that it has purchased approximately 146 Ether at an average price US$2,780.
Mogo’s Ethereum investment is consistent with management’s plans to increase the company’s balance sheet investment in the crypto ecosystem, particularly as it monetizes its portfolio of equity investments which had a value of approximately $18.4 million as of December 31, 2020.
“This initial investment in Ether complements our earlier investments in Bitcoin and reflects our belief in the long-term potential of blockchain technology and its position as a core component of a next generation financial technology platform,” said Greg Feller, President and CFO of Mogo.
Bitcoin is coming to hundreds of banks this year says NYDIG
Fidelity National Information Services has partnered with NYDIG to allow hundreds of U.S. banks to begin offering customers bitcoin buying and selling.
Banks are demanding bitcoin because they can see their customers sending dollars to Coinbase and other crypto exchanges, according to Yan Zhao, president of NYDIG.
"This is not just the banks thinking that their clients want bitcoin, they're saying `We need to do this, because we see the data,'" Zhao said. "They're seeing deposits going to the Coinbases and Galaxies and Krakens of the world."
After rolling out the initial bitcoin product, NYDIG plans on other services, including debit card rewards paid in bitcoin and a new type of bank account that is FDIC insured, but pays interest in bitcoin, he said.
Uniswap V3 is now live on the Ethereum
Uniswap v3 has now been deployed to the Ethereum mainnet. Uniswap v3 is the most powerful version of the protocol yet, with Concentrated Liquidity offering capital efficiency for liquidity providers, better execution for traders, and superior infrastructure at the heart of decentralized finance.
Uniswap V3 adds more fee tiers for traders to better help them determine their risk level when trading volatile assets, which are prone to fluctuating prices in between when a trade is initiated and executed. V3 will also see the introduction of “easier and cheaper” oracles which ensures that price feeds are kept up to date.
More highlights:
Mastercard finds that 40% of consumers plan to use crypto
Grayscale becomes an official sponsor of the New York Giants
Sotheby’s, the world’s leading auction house, to accept crypto
eBay to explore cryptocurrency payments and NFTs
S&P Dow Jones Indices launches its first 3 crypto indexes
ING Bank says DeFi could be more disruptive than Bitcoin
Digital Currency Group to buy up to $750 million worth of GBTC
Chainlink has set a new all time high above $50
That's it, you’re up-to-date
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