12 days of bitcoin
On the first day of Christmas, bitcoin gave to me... 25k USD.
On the second day of Christmas, bitcoin gave to me... 26k USD.
You get the story, investors get their money. Everyone’s happy.
As the folklore goes, price and date go hand in hand.
The season of giving continues to give more in the form of bitcoin, reaching a new ATH of about US$29.3k. The growth is translated to spending, with a luxury dealership seeing a steady increase in purchases via bitcoin. And not to be left behind, Simplex has partnered with Visa to issue crypto debit cards. Making spending with bitcoin all so easy.
India has the honorary title of having the world’s first physical crypto bank and it already has plans to grow aggressively, like its mentor bitcoin, to 100 branches in 2 years. India has been known for its gold stockpile, why not digital gold as well? And jumping on the bandwagon, rumours of eToro’s impending IPO is going strong. They join Coinbase in filing to go public in 2021.
The Santa Rally extended its run well past Christmas and looks to continue its path crossing into the new year. Currently the price is holding steady around US$29k at time of writing. Will it reach US$31k by tonight to coincide with the date? We would not bet against it. Avoid leverage and invest wisely. Happy New Year and stay safe.
Las Vegas luxury auto dealership to take in crypto payments
A luxury auto dealership in Nevada reported that there’s a steady increase in Bitcoin payments, a testament to the bull market currently underway as more investors convert their Bitcoin into high-end sports cars.
The dealership does not accept Bitcoin payment directly but through a third party payment provider, Bitpay. BitPay transactions settle BTC payments in U.S. dollars upon receipt. In the case of Vegas Auto Gallery, a 1% fee is applied to all Bitcoin purchases, which is equivalent to BitPay’s transaction fee.
Indian crypto bank opens physical location
India currently home to the world’s first physical crypto bank despite regulatory uncertainty surrounding digital currencies in the country.
Unicas, a joint venture between Indian Online Crypto banking platform Cashaa and United Multistate Credit Co-op Society, has launched a physical crypto bank branch in Jaipur, India.
In October this year, Multistate announced their plan to offer both online and physical crypto banking services across its 34 locations in northern Indian and looking to open 100 branches by 2022.
Users will then be able to access both fiat and crypto-asset services at the bank. Unicas will also provide instant digital loans with cryptocurrencies as collateral.
eToro seems to be preparing for 2021 IPO
eToro has ambitions to join Coinbase as a public company as the social trading platform looks to a 2021 IPO
eToro reportedly could go public in 2021 as they have been working with the London Stock Exchange’s “Elite” program to prepare for the IPO.
As stated by an eToro representative, the company does not comment on market rumours. But employees at eToro have shared an article from Calcalist announcing the IPO on LinkedIn.
Simplex collaborates with Visa to issue crypto debit cards
Over 200 Simplex partner companies can now issue crypto debit cards to their customers, potentially enabling greater adoption of crypto payment in retail outlets.
The development is the result of a recent partnership between Simplex and Visa announced Monday. Simplex, a fiat-to-crypto on-ramp service is now a principal member of Visa in Europe.
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