8 April

“Notably, Teucrium and NYSE Arca filed the application under the Securities Exchange Act of 1934, filing a 19b-4 form with the SEC. The already-approved bitcoin futures ETFs filed by other companies were under the Investment Company Act of 1940.

An approval under the Securities Act of 1933, under which Teucrium’s filing falls, may potentially open the door for a spot bitcoin ETF, Bloomberg analyst James Seyffart said on Twitter earlier this year.”

See Also: Spot ETF Speculation Grips Bitcoin Market
See Also: 21Shares Launches Metaverse ETP via Sandbox’s SAND Token

Bolt, a payments company providing one-click checkout services, agreed to buy Wyre Payments for $1.5 billion to add support for crypto transactions in one of the largest crypto-industry takeovers. The acquisition, expected to close later this year, would see the two firms power the industry’s first one-click cryptocurrency checkout.

The acquisition will allow Bolt’s retailers to accept crypto as payment for goods and services as well allowing for the purchase of non-fungible tokens (NFT) through Bolt using Wyre’s APIs.”

See Also: Robinhood Releases Crypto Wallet to 2M Users, Plans Integration With Bitcoin Lightning Network

“Speaking at the Bitcoin 2022 conference in Miami, Samson Mow, former chief strategy officer of Blockstream, named three new jurisdictions that would be adopting or proposing to adopt Bitcoin (BTC) as legal tender.

As told by Mow, the first is that of the Caribbean island Roatán, which is part of Honduras. In addition, starting Thursday, the Prospera jurisdiction will enable municipalities in Honduras and corporate entities outside of the United States to float Bitcoin bonds within Prospera.

The next jurisdiction to make Bitcoin legal tender is that of Madeira, an autonomous region of Portugal. Finally, Mexican Senator Indira Kempis floated the possibility of legislating Bitcoin as legal tender with the Mexican president:

In Mexico, 67 million people are not included in our financial system. Bitcoin is the solution to this problem.”

See Also: Slovenia Unveils Plan for Flat Tax on Crypto Transactions
See Also: Treasury Secretary Janet Yellen Calls Crypto ‘Transformative’ in Wide-Ranging Speech

Meta has put together preliminary plans to release virtual coins, tokens and lending services on its apps, according to the Financial Times. Meta has been exploring the creation of a virtual currency for the metaverse, or “Zuck Bucks” as it’s being referred to by company employees.

The FT reported that Meta doesn’t envision a blockchain-based digital currency, but in-app tokens that are centrally controlled by the company. The planning reportedly remains in early stages, and the project could be dropped or altered. Meta is also said to be exploring a move into traditional financial services, such as small business lending.

As a company, we are focused on building for the metaverse and that includes what payments and financial services might look like.

Efforts at integrating non-fungible tokens (NFTs) into Facebook and Instagram are more developed, the report said. According to an internal memo, Instagram will soon support NFTs and there are plans for a mid-May pilot launch for posting NFTs on Facebook.”

See Also: Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC

To mark the opening of the Bitcoin 2022 conference, Miami Mayor Francis Suarez unveiled a laser-eyed bull statue meant to symbolize Miami becoming the self-proclaimed “world’s capital of crypto.” The statue is a 3,000-pound robotic-looking bull fashioned in the same vein as the Charging Bull of Wall Street.

The bull will greet the 30,000 attendees expected at the conference this year before being put out to pasture at the Miami-Dade College campus after the conference ends. The conference will run for four days from April 6-9.”