As Visa and Mastercard raise fees, merchants may look to crypto

Credit card providers charge merchants a cut of the payments they accept, called interchange fees or swipe fees. With two major card providers aiming to elevate rates, could crypto become an alternative?  “Visa Inc. and Mastercard Inc. are planning to raise swipe fees for some types of credit-card purchases in April,” the Wall Street Journal…

Hedge funds’ bitcoin trade helps lift Grayscale assets to $38bn

Assets at cryptocurrency investing firm Grayscale have shot up to almost $38bn — for crypto enthusiasts, a sign of accelerating institutional interest in what has long been a speculative bet. But analysts say the build-up has been fuelled in part by a lucrative hedge fund trade that exploits a quirk in its flagship product. US-based…

OTC Markets Group Welcomes Argo Blockchain Plc to OTCQX

NEW YORK, Feb. 24, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Argo Blockchain Plc (LSE: ARB;OTCQX: ARBKF), a leader in cryptocurrency mining, has qualified to trade on the OTCQX® Best Market. Argo Blockchain Plc upgraded to OTCQX from the OTCQB® Venture Market….

FedWire Is Back Online After Outage That Affected Crypto Exchanges, Others

Bloomberg A New Link Tracing Beef From Amazon Rainforest to Grocery Stores (Bloomberg) — Meatpacking powerhouses like JBS SA and Marfrig Global Foods SA have borne the brunt of watchdog efforts to root out illegal deforestation in Brazil’s beef industry. But a new report is transferring attention further down the supply chain, seeking to tie…

Rebound: Bitcoin rises after volatile crypto swing | Crypto News

The digital token rose as much as 7 percent on Wednesday, climbing to near $50,000 after sinking 13 percent on Tuesday. Bitcoin rebounded from its sharp selloff of the past few days as additional purchases by MicroStrategy Inc. and Square Inc. helped to ease concern investors were starting to exit the famously volatile cryptocurrency. The…

Does Crypto Fix the ‘Robinhood’ Problem? Not So Fast

U.S. congressional hearings investigating the rise and fall of GameStop’s stock didn’t yield much that was new. However, we did learn just how eager legislators were to grill both Wall Street and Silicon Valley at the same time: Rep. Maxine Waters (D-Calif.) actually interrupted Robinhood CEO Vlaimir Tenev’s opening statement.  Legislative animus against technology and…

Lawsuit Against Crypto Project Bancor Dismissed in New York

Bloomberg A-Rod Joins Blank-Check Derby to Build the ‘Yankees of SPACs’ (Bloomberg) — After losing a deal for the New York Mets baseball team to billionaire Steve Cohen, Alex Rodriguez has another game he wants to win.The former all-star for the cross-town Yankees has joined the lengthening roster of financiers, executives, politicians, celebrities and athletes…

Bitcoin ETF War, New Ethereum ETP, Swiss Bank Goes Crypto + More News

Source: iStock/cobalt Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news Canada-based Evolve Funds Group said it has lowered the management fee on their Bitcoin ETF by 0.25 percentage point to 0.75% just days after it was launched. To compare,…