Here’s what happened this week in Bitcoin in 99 seconds.
The forthcoming Bakkt exchange, notable for its high level of investment by the company behind New York Stock Exchange, announced that it acquired a company specializing in cold storage, Digital Asset Custody Company. Bakkt also revealed a partnership with Bank of New York Mellon to implement these cold storage solutions in its secure facilities.
A MasterCard crypto debit card is seeking regulatory approval for use within Europe. The prepaid card will allow customers to convert and spend crypto assets wherever Mastercard is accepted. The application is currently under review at the Gibraltar Financial Authority.
A recent survey conducted by Harris Poll for Blockchain Capital reveals that 89% of American adults are aware of Bitcoin, 43% regard Bitcoin as a positive financial innovation, 33% believe most people will be using Bitcoin within 10 years, and 27% are likely to buy Bitcoin within 5 years. All of these positive stats have increased since the survey was last taken in 2017, with younger demographics the most favorable to Bitcoin.
An HSBC bank account connected to Bitfinex was seized by the US Department of Justice. It is alleged that the account was used to funnel American money to the exchange, which is prohibiting from having US banking customers. Furthermore, Zhao Dong, a major Bitfinex shareholder, stated on Twitter that the exchange is looking to release its own security token in an effort to raise $1 billion.
That’s what happened this week in Bitcoin. See you next week.
