In this week’s newsletter:
- New research shows that the gender gap in the crypto industry is getting noticeably narrower.
- Charles Schwab is launching a crypto economy exchange-traded fund (ETF).
- Bitcoin takes a bull breather as markets price out prospects of a 50 basis point Fed rate hike later this month.
Read our weekly round up below.
Women Are Outpacing Men as First-time Crypto Purchasers
Crypto Slate | February 23, 2022
Bakkt’s latest research on crypto behaviors and preferences showed that there has been a significant increase in crypto adoption among women. As part of its effort to celebrate Women’s History Month, the research surveyed both genders to better understand the differences between genders when it comes to cryptocurrency ownership.
Charles Schwab Files for ‘Crypto Economy ETF’ With SEC
Bitcoin.com | March 4, 2022
Charles Schwab, one of the largest financial institutions in the U.S., filed a registration statement with the U.S. Securities and Exchange Commission (SEC) Wednesday for “Schwab Crypto Economy ETF.” The new exchange-traded fund will be listed on the NYSE Arca, the filing shows, adding that the registration statement is expected to become effective on May 16.
Fed Hikes Could Drive Bitcoin Adoption in Emerging Markets
Coindesk | March 3, 2022
Bitcoin reached daily highs at the descending 100-day moving average (MA) hurdle at $45,000 before retreating to $44,000, according to chart platform TradingView. However, the digital asset’s future prospects looked bright with inflation expectations surging across Europe and in the U.S. and markets pricing out prospects of a 50 basis point rate hike later this month.
This Week in Crypto: Market Rebounds Sharply
TipRanks | March 3, 2022
With several countries imposing sanctions on Russia, the value of BTC and almost every other prominent crypto has rebounded sharply. Other significant developments worldwide, including Putin’s announcement of a national ban on foreign transfers and U.S. Federal Reserve Chair Jerome Powell’s announcement of a rate hike coming this month, also played critical roles in driving this week’s bullish investor sentiment.
Ukraine’s Airdrop Tweet Results In Significant Spike In Crypto Donations
Crypto Daily | March 3, 2022
Ukraine has seen crypto donations to the country skyrocket since the country’s Twitter account tweeted on the 26th of February that it would begin accepting donations in cryptocurrency. Since that tweet, the country has seen over $40 million in donations, with the number set to climb higher.
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ALT 5 Sigma | March 4, 2022
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