News Roundup — After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin

April 29, 2024

Major news stories this week;

  1. After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin
  2. Banks could flood into stablecoins if new bill passes: S&P Global
  3. Runes generate over $135 million in fees in first week on Bitcoin network
  4. Bitcoin Transaction Fees Hit Record Level After Halving — Here’s Why
  5. 39% of Canada’s institutional investors have exposure to crypto: KPMG

Story Summaries;

  1. Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe has taken crypto payments since 2018, when it dropped support for Bitcoin due to it being too unstable.
  2. A new stablecoin-focused bill introduced to the United States Senate could “encourage” U.S. banks to step into the stablecoin market, says global ratings firm S&P Global Ratings. In an April 23 research note, S&P shared that proposals outlined in the Payment Stablecoin Act — introduced to the Senate on April 17 — could encourage banks to get involved in issuing U.S. dollar-pegged stablecoins and potentially spell trouble for large non-U.S entities that issue stablecoins such as Tether.
  3. The Runes token standard was recently launched on the Bitcoin network and has generated over 2129 bitcoin ($135 million) in transaction fees within its first week. Runes utilizes Bitcoin’s UTXO model and the OP_RETURN opcode to offer a more efficient tokenization solution for the network than the BRC20 standard (based on the Ordinals protocols). It allows users to mint tokens on top of Bitcoin, which are generally memecoins. The Runes system was invented by a developer named Casey Rodarmor, who also conceptualized the Ordinals protocol in early 2023.
  4. BitcoinBTC 0.0% transaction fees soared to their highest level ever last weekend, all thanks to trading activity for a newly launched standard for Bitcoin-based digital collectibles. On April 20 (UTC time), Bitcoin miners collectively earned $78.3 million in transaction fees, setting an all-time high for USD-denominated transaction fee revenue on the Bitcoin network. Between April 19 and 20, miners earned $89.8 million in transaction fees, which is more than they earned for the entire month of March ($85.9 million).
  5. Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed. Nearly 40% of institutional investors reported having direct or indirect exposure to crypto assets in 2023 — up from 31% in KPMG’s 2021 study, the company according to an April 24 report. KPMG received 65 responses, 31 of which identified as institutional investors with most managing more than $500 million in assets, while the remaining 34 were financial services organisations.

And that’s all for last week’s news! Wishing you a great week ahead!

Digital asset News, education and analysis

News Roundup — Robinhood to acquire Bitstamp crypto exchange in $200 million deal
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
June 17, 2024
News Roundup — UAE Central Bank Approves New System to Monitor and License Stablecoins
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
June 10, 2024
News Roundup — Crypto Industry Cheers as SEC Must Pay $1.8 Million for ‘Gross Abuse’ of Power
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
June 3, 2024
News Roundup — Spot Ether ETFs Receive Official Approval from the SEC
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
May 27, 2024
News Roundup — MakerDAO Founder Unveils Two New Stablecoins: NewStable and PureDAI
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
May 20, 2024
News Roundup — Tether Slams Deutsche Bank over Suggestion its Stablecoin Could Fail
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
May 14, 2024
News Roundup — Orange: A Bitcoin-Based Decentralized Identity Platform
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
May 6, 2024
News Roundup — After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
April 29, 2024
News Roundup — Bitcoin Halving Officially Complete
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
April 22, 2024
News Roundup — Hong Kong approves spot Bitcoin ETFs
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
April 15, 2024
News Roundup — Ripple to launch US dollar stablecoin, aims to compete with USDT and USDC
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
April 8, 2024
News Roundup — SBF Is Going to Prison for 25 Years
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
April 1, 2024
News Roundup — SEC investigates Ethereum Foundation - Is ETH a Security?
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
March 25, 2024
News Roundup — Craig Wright Is Not Satoshi!
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
March 18, 2024
News Roundup — Nexo puts recent woes behind it with Middle East license approval
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
March 11, 2024
News Roundup — Bitcoin Tops $65K, Inches Closer to Lifetime Peak
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
March 4, 2024
News Roundup — Bitcoin ETFs Notch Best-Ever Week with $2.5bn Haul
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
February 26, 2024
News Roundup — MicroStrategy listing in the S&P 500 index could expose millions to Bitcoin
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
February 19, 2024
News Roundup - Ethereum Set for Boost as Dencun Upgrade Gets a Date
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.
February 12, 2024
News Roundup — UAE makes first cross-border payment using digital currency
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
February 5, 2024
News Roundup—FTX sold nearly $1 billion of Grayscale spot bitcoin ETF shares
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
January 29, 2024
News Roundup — Timeline set for Craig Wright trial on Satoshi Nakamoto identity claim
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
January 22, 2024
News Roundup — US SEC Approves Bitcoin ETFs in Watershed Moment for Industry
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
January 15, 2024
News Roundup — BlackRock names JPMorgan as authorized participants for its proposed bitcoin ETF
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
January 8, 2024
News Roundup — MicroStrategy bags 14,620 Bitcoin ahead of Potential ETF Approval
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
January 2, 2024
News Roundup — ‘In Argentina, contracts can be settled in Bitcoin’ — foreign minister
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
December 26, 2023
News Roundup — Gensler says SEC is taking ‘new look’ at spot bitcoin ETF proposals
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
December 18, 2023
News Roundup — Talks between SEC and Bitcoin ETF issuers in 'Advanced' Stages
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
December 11, 2023
News Roundup — MicroStrategy Piles on Bitcoin, Acquiring 0.90% of Circulating Supply
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
December 4, 2023
News Roundup — Javier Milei Is Now President In Argentina With A Pro-Bitcoin Agenda
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
November 27, 2023
News Roundup — Dubai’s chief crypto regulator exits as VARA prepares to fine major companies
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
November 20, 2023
News Roundup — UAE Cracks Down on Unlicensed Crypto Firms
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
November 13, 2023
News Roundup — 'Crypto King' Sam Bankman-Fried faces decades in jail after guilty verdict
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
November 6, 2023
News Roundup — BlackRock Preps for Bitcoin ETF Launch
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
October 30, 2023
News Roundup — Middle East Regulatory Clarity Drives Crypto Industry Growth
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
October 23, 2023
News Roundup — Bitcoin Lightning Network Growth Surges by 1,200% in 2 Years
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
October 16, 2023
News Roundup — Binance hit with class-action lawsuit over alleged market manipulation
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
October 9, 2023
News Roundup — UAE Sees Major Institutional Influx of Crypto Transactions
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
October 2, 2023
News Roundup — Binance.US Trading Volume Tumbles While SEC Dispute Heats Up
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
September 25, 2023
News Roundup — Bitcoin Miner Returns the $510,000 Overpaid Transaction Fee
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
September 18, 2023
News Roundup — ‘A Huge Deal’ - Visa Reveals Crypto Payments Bombshell That Could Cause Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Solana, Tron And Toncoin Price Chaos
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
September 11, 2023
News Roundup — All cryptocurrency businesses in Dubai come 'VARA-certified'
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
September 4, 2023
News Roundup — Craig Wright May Be Admitting That He Stole 80,000 Bitcoin
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
August 28, 2023
News Roundup — Europe's First Spot Bitcoin ETF Lists in Amsterdam
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
August 21, 2023
News Roundup — Sam Bankman-Fried Is Going to Jail
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
August 14, 2023
News Roundup — Bitcoin Is Not Crypto, The SEC Confirms
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
August 7, 2023
News Roundup — Crypto bills pass congressional committee in ‘huge win’ for US crypto
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
July 31, 2023
News Roundup — RFK Jr. Announces Bold Plan to Back Dollar With Bitcoin, End Bitcoin Taxes
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
July 24, 2023
News Roundup — Judge rules XRP is not a security in SEC's case against Ripple
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
July 17, 2023
News Roundup — BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
July 10, 2023
News Roundup — SEC Inaction on Spot Bitcoin ETF a 'Complete and Utter Disaster'
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
July 3, 2023
News Roundup — Binance Officially Exits UK After The Netherlands And Cyprus
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
June 26, 2023
News Roundup — BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
June 19, 2023
News Roundup — SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
June 15, 2023
News Roundup — Tether’s Market Cap Reaches New High, Exceeding $83.2B
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
June 6, 2023
News Roundup — 700M Users Of Telegram Can Now Buy, Receive, Withdraw and Trade Bitcoin P2P
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
May 23, 2023
News Roundup — Smart Contracts Have Arrived on the Bitcoin Blockchain
Each week we bring you a round-up of the most important Bitcoin and virtual asset-related stories making waves in the cryptosphere.­­­­
May 15, 2023
Bitcoin on the Books
Why has Institutional Investment in Bitcoin Skyrocketed in 2020?
May 4, 2023
The Merge is (Almost) Here
The long awaited ETH merger is finally drawing closer, with only a few days left until the expected date of 15th September 2022.
May 4, 2023
El Salvador’s Bitcoin Moment
With history in the making as El Salvador makes Bitcoin legal tender on September 7th, 2021, we examine the implications for the country’s financial system, its people, and the global remittance industry.
May 4, 2023
Global Workforces need a truly Global Currency
Running a multinational business? It’s time to pay your employees in Virtual Assets!
May 4, 2023
The Fall of TerraUSD, The not so Stable Stablecoin
A retrospective look at the spectacular TerraUSD/LUNA collapse and the possible reasons behind their incredible fall from grace.
May 4, 2023
Bitcoin’s Latest Upgrade — Taproot
Everything about you wanted to know about the Taproot upgrade, but were too afraid to ask!
May 4, 2023
The Other Bitcoins — A Closer Look at Bitcoin’s Hardforks
For any newcomer to Digital Assets, discovering there are other ‘types’ of Bitcoin can be confusing.
May 4, 2023
The Island of Yap & Blockchain
A look at the fascinating Island of Yap and Rai stones in what is thought to be the worlds very first use of a distributed ledger.
May 4, 2023
The Short, but Explosive History of Bitcoin
The plot line reads like a prize winning novel — an anonymous creator, economic catastrophe, FBI investigations, and… pizza!?
May 4, 2023
Bitcoin and the Rules of Consensus
Is it really possible to reach an agreement between people we’ve never met before? Using the Nakamoto Consensus it is…
May 4, 2023
Grow your business.
Today is the day to build the business of your dreams. Share your mission with the world — and blow your customers away.
Start Now