Tesla began accepting investments in Bitcoin + New Zealand retirement 🇳🇿 in Bitcoin

A lot has happened in the past week, and here is a quick recap of top crypto news from the past week. 🔥

Top weekly news from the #CryptoWorld in Week 12 of 2021. 📰#CryptoNews#CryptocurrencyNews#CryptoMarket#CryptoTwitterpic.twitter.com/j1Ety6xJDa

— CoinSutra ⚡- Bitcoin & Crypto (@CoinSutra) March 28, 2021

💎 Jack Dorsey’s First Tweet NFT Finally Sold for $2.5 Million in Auction

Jack Dorsey’s first tweet posted 15 years ago in 2006 has been sold for $2.5 million, the proceeds of which shall go for charity.

On Sunday, March 21st, the auction for the first tweet NFT from Twitter founder Jack Dorsey came to conclusion. The auction started two weeks back as Dorsey tried jumping on the NFT craze. Thus, the tokenized version of his first tweet finally went for a price of $2.5 million.

💎 Tesla Starts Accepting Bitcoin

E-car manufacturer Tesla has started accepting Bitcoin, according to a new tweet by CEO Elon Musk, marking a new milestone for the cryptocurrency’s adoption.

The entire fleet of the company’s electric cars (Model S, Model Y, Model 3, and Model X) can now be purchased with the help of the largest cryptocurrency in the U.S.

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It’s important to note that Tesla will keep its coins instead of converting them into U.S. dollars.

💎 Fidelity Investments Files Bitcoin ETF Application

Fidelity Investments has filed a Bitcoin ETF proposal with the SEC. The asset management giant is the latest to join the queue of firms hoping to lay claim to the product.

Fidelity’s subsidiary, FD Funds Management LLC, filed its S-1 with the Securities and Exchange Commission (SEC). The firm’s Bitcoin ETF is called the “Wise Origin Bitcoin Fund.”

The financial service company’s child unit Fidelity Digital Assets, will provide the custodial services to store Bitcoins backing the ETF.

💎 Indian companies will now have to disclose their crypto holdings in financial statements

Indian companies have been mandated to disclose their crypto holdings in financial statements, according to new rules that are coming into force on April 1.

India’s Ministry of Corporate Affairs amended Schedule III of Companies Act, 2013 on Thursday, and it now requires companies to detail their crypto holdings.

The details include “profit or loss on transactions involving cryptocurrency or virtual currency,” “amount of currency held as at the reporting date,” and “deposits or advances from any person for the purpose of trading or investing in cryptocurrency/ virtual currency.”

Also see: Is Crypto legal in India? (Video)

💎 Indonesian Govt To Launch Crypto Exchange to Get a Piece of Crypto Pie

The Indonesian deputy minister of trade Jerry Sambuaga has announced that his ministry will launch its own crypto exchange in the near future.

The initiative will allow the government to capture a share of the country’s booming crypto sector, with last year’s crypto asset-related trade estimated to be worth about USD 4.44 billion, according to data cited by the deputy minister.

Sambuaga pointed out the rising value of Indonesia’s crypto market, and the deputy minister said that what “this means is that it shows the future direction that digital assets [and] digital commodities can be an alternative.”

💎 New Zealand Retirement Fund Invests In Bitcoin

The KiwiSaver Growth Strategy fund, which is part of New Zealand’s national KiwiSaver program, has reportedly invested 5 percent of its funds into bitcoin.

The program is meant to be used as a retirement savings vehicle for New Zealand’s citizens, with tax incentives and age requirements similar to a 401(k) account in the U.S. The KiwiSaver Growth Strategy fund has about $244 million ($350 million New Zealand dollars) in total investments, according to local news outlet Stuff. It’s managed by wealth firm NZ Funds Management.

💎 What is Binance Card and How does it work?

The Binance Card is a cryptocurrency debit card that is free, fast and easy to both obtain and use.

This is a debit card with which it is possible to convert and spend cryptocurrencies in more than 60 million shops worldwide using the Visa circuit, by transferring crypto from the Binance spot wallet to the card wallet.

The special aspect is that it is completely free of charge. In fact, Binance does not charge the user any administration or transaction processing fees, however, third-party fees may still apply based on usage.

Also check out: Best Bitcoin Debit cards

Well thats all for this week.

I will see you soon with more exciting updates from the crypto world.

Regards

Harsh Agrawal

Join us on Twitter

Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in the fin-tech space.

An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.

An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Join us via email and social channels to get the latest updates straight to your inbox.

Tesla Starts Accepting Bitcoin + New Zealand 🇳🇿 Retirement Fund Invests In Bitcoin

A lot has happened in the past week, and here is a quick recap of top crypto news from the past week. 🔥

Top weekly news from the #CryptoWorld in Week 12 of 2021. 📰#CryptoNews#CryptocurrencyNews#CryptoMarket#CryptoTwitterpic.twitter.com/j1Ety6xJDa

— CoinSutra ⚡- Bitcoin & Crypto (@CoinSutra) March 28, 2021

💎 Jack Dorsey’s First Tweet NFT Finally Sold for $2.5 Million in Auction

Jack Dorsey’s first tweet posted 15 years ago in 2006 has been sold for $2.5 million, the proceeds of which shall go for charity.

On Sunday, March 21st, the auction for the first tweet NFT from Twitter founder Jack Dorsey came to conclusion. The auction started two weeks back as Dorsey tried jumping on the NFT craze. Thus, the tokenized version of his first tweet finally went for a price of $2.5 million.

💎 Tesla Starts Accepting Bitcoin

E-car manufacturer Tesla has started accepting Bitcoin, according to a new tweet by CEO Elon Musk, marking a new milestone for the cryptocurrency’s adoption.

The entire fleet of the company’s electric cars (Model S, Model Y, Model 3, and Model X) can now be purchased with the help of the largest cryptocurrency in the U.S.

It’s important to note that Tesla will keep its coins instead of converting them into U.S. dollars.

💎 Fidelity Investments Files Bitcoin ETF Application

Fidelity Investments has filed a Bitcoin ETF proposal with the SEC. The asset management giant is the latest to join the queue of firms hoping to lay claim to the product.

Fidelity’s subsidiary, FD Funds Management LLC, filed its S-1 with the Securities and Exchange Commission (SEC). The firm’s Bitcoin ETF is called the “Wise Origin Bitcoin Fund.”

The financial service company’s child unit Fidelity Digital Assets, will provide the custodial services to store Bitcoins backing the ETF.

💎 Indian companies will now have to disclose their crypto holdings in financial statements

Indian companies have been mandated to disclose their crypto holdings in financial statements, according to new rules that are coming into force on April 1.

India’s Ministry of Corporate Affairs amended Schedule III of Companies Act, 2013 on Thursday, and it now requires companies to detail their crypto holdings.

The details include “profit or loss on transactions involving cryptocurrency or virtual currency,” “amount of currency held as at the reporting date,” and “deposits or advances from any person for the purpose of trading or investing in cryptocurrency/ virtual currency.”

Also see: Is Crypto legal in India? (Video)

💎 Indonesian Govt To Launch Crypto Exchange to Get a Piece of Crypto Pie

The Indonesian deputy minister of trade Jerry Sambuaga has announced that his ministry will launch its own crypto exchange in the near future.

The initiative will allow the government to capture a share of the country’s booming crypto sector, with last year’s crypto asset-related trade estimated to be worth about USD 4.44 billion, according to data cited by the deputy minister.

Sambuaga pointed out the rising value of Indonesia’s crypto market, and the deputy minister said that what “this means is that it shows the future direction that digital assets [and] digital commodities can be an alternative.”

💎 New Zealand Retirement Fund Invests In Bitcoin

The KiwiSaver Growth Strategy fund, which is part of New Zealand’s national KiwiSaver program, has reportedly invested 5 percent of its funds into bitcoin.

The program is meant to be used as a retirement savings vehicle for New Zealand’s citizens, with tax incentives and age requirements similar to a 401(k) account in the U.S. The KiwiSaver Growth Strategy fund has about $244 million ($350 million New Zealand dollars) in total investments, according to local news outlet Stuff. It’s managed by wealth firm NZ Funds Management.

💎 What is Binance Card and How does it work?

The Binance Card is a cryptocurrency debit card that is free, fast and easy to both obtain and use.

This is a debit card with which it is possible to convert and spend cryptocurrencies in more than 60 million shops worldwide using the Visa circuit, by transferring crypto from the Binance spot wallet to the card wallet.

The special aspect is that it is completely free of charge. In fact, Binance does not charge the user any administration or transaction processing fees, however, third-party fees may still apply based on usage.

Also check out: Best Bitcoin Debit cards

Well thats all for this week.

I will see you soon with more exciting updates from the crypto world.

Regards

Harsh Agrawal

Join us on Twitter

Latest post: Top Crypto copy trading platforms

You can now buy a Tesla with Bitcoin

The flagship Crypto, popularly known as Bitcoin has already printed positive factors of greater than 800% within the final one 12 months. Information from Google tendencies reveals that Nigerians have proven extra curiosity in Bitcoin than another nation on earth.

Although the current crackdown by Nigeria’s apex financial institution on Crypto was met with outrage from many younger Nigerians, knowledge retrieved from Usefultulips reveals that previously 30 days Nigerians led Africa with about $36 million price of Bitcoin transactions, processed on two main P2P exchanges, together with Paxful and Native Bitcoins, posting an uptick of seven% regardless of the ban.

READ: XRP posts a big bang, as legal tussle with SEC lingers

Crypto buying and selling

Shopping for and promoting stay the preferred methodology via which Nigerians earn a dwelling from the crypto market; and just lately throughout this bull market, some subtle traders have made cash stepping into IDO/IEO.

Current knowledge means that the share of Ethereum Addresses in Revenue stands at a whopping 95% regardless of being at its one month low, hinting at how worthwhile the crypto has been for a major variety of merchants.

READ: Nigeria among worst countries to start a career, and they all don’t accept crypto

📉 #Ethereum$ETH P.c Addresses in Revenue (7d MA) simply reached a 1-month low of 95.087%

View metric:https://t.co/BUbkntqvVbpic.twitter.com/plV5W8FmzM

— glassnode alerts (@glassnodealerts) March 27, 2021

Providing tutor providers

A number of new tasks coming into the house put out preliminary choices on exchanges or decentralized platforms and this gave folks alternatives to get in early on a few of these tasks.

The just lately concluded Preliminary Trade Providing at FTX trade, a number one crypto trade, revealed oxygen protocol started buying and selling with a worth of $0.15 and soared as excessive as $4 inside a interval of 10 days, thereby, printing over 3500% in returns.

Over the previous months, the worth of crypto has elevated tremendously main tons of individuals to hurry into the market with no correct understanding of what the market is about. These units of latest merchants looking for crypto schooling are straightforward targets for individuals who supply academic contents within the crypto house and that represents a method for these expert crypto aficionados to make cash.

READ: Crypto market surges by $86 billion, as Bitcoin reclaims $55,000 mark

Educators are additionally benefiting from the surge in open pursuits in Crypto belongings as a result of they promote out numerous contents to the brand new viewers within the markets. There are additionally good returns in showcasing such expertise by way of offering help to a few of these crypto tasks.

The crypto trade is rising and the “cryptoverse” has witnessed a current rise in new tasks which means that there are actually extra alternatives within the trade.

Cryptocurrency and blockchain lovers now have the chance to earn crypto with out having to dangers their capital in buying and selling. Different expertise presently in excessive demand within the “cryptoverse” are advertising, Crypto coding, influencers and Crypto content material writing.

Backside line: It’s advisable so that you can stick to the talents that you simply’re snug with and if buying and selling isn’t one in all them, you will want to be additional cautious whereas the present bullish run remains to be in play.