Bitcoin-Accepting Businesses Nearly Tripled In '23
BlackRock & Ark Set Their ETF Fee Structures, SEC Issues Another FOMO Warning, Honduras' SEZ Recognizes Bitcoin
Welcome to Coinfeeds Daily Digest! In Bitcoin news, a special economic zone on Roatan island in Honduras officially recognized Bitcoin as a unit of account, a Japanese second-hand goods giant of e-commerce named Mercari has announced plans to integrate Bitcoin payments, BlackRock is set to charge 0.2% on the first $5 billion and Ark to waive its fees on the first $1 billion for their ETFs if approved. The SEC once again has issued a warning about FOMO as their ETF verdict nears as a partial response to social media trends and celebrities promoting cryptocurrency products with little transparency. Moreover, a crypto payments gateway CoinsPaid was hacked and robbed of $7.5 million, the TVL of Ethereum liquid staking hit almost $27.5 billion, and an anonymous participant has spent $66K to inscribe nearly 9 MB of mysterious encrypted data on the Bitcoin blockchain using the Ordinal protocol.
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In-Person Businesses Accepting Bitcoin Nearly Tripled in 2023
Recent data from BTC Map reveals a substantial growth in the number of vendors worldwide that now accept Bitcoin as a form of payment. In 2023, this number has nearly tripled, climbing to over 6,000 from just 2,200 at the end of the previous year. | Read More
ETFs: Blackrock To Charge 0.2% For First $5B, Ark to Waive Fee For First $1B
In a bid to capture a share of the market, these institutions have announced competitive fee structures for their prospective Bitcoin ETFs. Blackrock, a global investment giant, has set a fee of 0.2% for the first $5 billion in assets for the initial twelve months. | Read More
Honduras' Próspera Officially Recognizes Bitcoin
Próspera, a special economic zone on the island of Roatan in Honduras, has taken a bold step by officially recognizing Bitcoin as a unit of account. This move comes after the zone had already declared Bitcoin as legal tender in April 2022, signaling a growing acceptance of digital currencies in certain regions of the world. | Read More
Someone Spent $66K To Inscribe Cryptic Data on Bitcoin
In a mysterious turn of events, an anonymous entity has made waves in the cryptocurrency community by spending a substantial sum of money to inscribe 9 megabytes of encrypted data onto the Bitcoin blockchain. Approximately $66,000, or 1.5 Bitcoin (BTC), was used to carry out a series of 332 transactions. | Read More
SEC Issues FOMO Warning Again
The SEC has once again raised concerns over the phenomenon known as FOMO, or "fear of missing out," particularly in the realm of digital assets. This warning is especially timely as the cryptocurrency community looks forward to the potential approval of spot Bitcoin Exchange-Traded Funds. | Read More
Japanese E-commerce giant Mercari to Accept Bitcoin
Mercari, which boasts a user base of over 22 million monthly active users, is preparing to roll out the option to pay with Bitcoin by June of this year. The integration of cryptocurrency payments is expected to provide an alternative and potentially more convenient payment method for Mercari's customers. | Read More