Week in review: Apr 23, 2021 – Fed. Reserve Bank Calls BTC as a Store of Value

Written by Robby Ramos
on April 25, 2021

The federal reserve bank of Dallas says that Bitcoin is clearly a store of value where as central bank digital currencies will not necessarily be. The UK government is exploring central bank digital currencies and gaming giants UBISOFT joins the fray as a corporate validator! Read the weekly round up below.

Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value

Bitcoin.com: April 19, 2021

The president of the Federal Reserve Bank of Dallas, Robert Kaplan, talked about bitcoin and central bank digital currencies (CBDCs) Friday at the Texas A&M Bitcoin Conference 2021 hosted by Mays Business School.

UK Government Establishes Central Bank Digital Currency Task Force

Cointelegraph: April 19, 2021

Her Majesty’s Treasury and the Bank of England have begun preliminary central bank digital currency studies that could result in the creation of a national digital currency.

Gaming Giant Ubisoft Joins Tezos Ecosystem as Corporate Validator

Decrypt: April 20, 2021

The video game giant behind Assassin’s Creed and Far Cry will help the Tezos blockchain to “bake” new blocks as a corporate validator. Apart from helping maintain the network, the company is experimenting with liquid proof-of-stake algorithms.

Three Indirect Ways Investors Can Play The Cryptocurrency Craze

CNBC: April 21, 2021

The cryptocurrency craze is quickly going mainstream. But in some cases, investors might find more luck with indirect crypto plays than the currencies themselves, two traders told CNBC on Tuesday.

Bitcoin Plunges Below US$50,000 With Market Technicals In Focus

BNN Bloomberg: April 22, 2021

Bitcoin headed for its worst week in more than a year as a proposed capital-gains tax increase for wealthy Americans intensified the volatility whiplashing the world’s largest cryptocurrency.

Baillie Gifford Invests $100 Million into Blockchain.com

Decrypt: April 21, 2021

One of the UK’s top asset managers has invested $100 million into Bitcoin wallet provider Blockchain.com. According to Blockchain CEO Peter Smith, the company expects to go public in the future.

Bitcoin’s Drop From Biden’s Proposed Tax Hikes Not Likely to Last, BCB CEO Says

Coindesk: April 23, 2021

Bitcoin has slumped more than 8%, over a 24-hour period, a drop attributed to U.S. President Joe Biden’s proposed tax hike for capital gains on those earning above $1,000,000, but the effect may be temporary, according to the CEO of a leading crypto-dedicated payment services provider.

The State of U.S. Crypto Report

Gemini: April 20, 2021

New data from Gemini’s survey of 3,000 investors and crypto-curious consumers in the United States demonstrates that an increasingly mainstream consumer base is engaging with cryptocurrency.

The State of U.S. Crypto Report 2021 looks at the key trends identified by the survey

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.