🗞 Daily Crypto News, March, 17th💰

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

🗞 Visa Is Working to 'Enable Bitcoin Purchases': CEO

Visa is looking to "enable the purchase of Bitcoin on Visa credentials," says CEO Al Kelly.

The company also sees potential for fiat-backed digital currencies as "a new payment vehicle".

Payments giant Visa is working on ways to support the purchase of Bitcoin using Visa credentials, the company’s chief executive officer Al Kelly said on Fortune’s Leadership Next podcast.

"We're trying to do two things; one is enable the purchase of Bitcoin on Visa credentials, and then secondly working with some Bitcoin wallets to allow the Bitcoin to be translated into a fiat currency," Kelly explained.

He added that enabling the instant conversion of the cryptocurrency into fiat would enable some 70 million merchants around the world to accept BTC as a payment method.

🗞 Grayscale Adds Five Crypto Trusts Including Chainlink, Filecoin

Digital asset investment giant Grayscale has added five new cryptocurrency trusts to its roster, including Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT), according to a press release published today.

“Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class,” said Grayscale CEO Michael Sonnenshein in the release.

Per the release, the new trusts are open for daily subscription for “eligible individual and institutional accredited investors.”

With the new additions, Grayscale now has 14 different cryptocurrency trusts in total including its flagship GBTC.

“We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward,” Sonneshein added.

🗞 Coinbase registers 114.9 million shares ahead of direct Nasdaq listing

Cryptocurrency exchange Coinbase has registered 114,850,769 shares of class A common stock for a direct listing on the Nasdaq stock exchange, as per an amended S-1 filing with the United States Securities and Exchange Commission.

Coinbase announced its intention to launch an initial public offering back in December 2020 when it first filed registration forms with the SEC. By early March, the pre-market private trading price of the shares had risen as high as $375, giving the company an estimated pre-IPO valuation of around $100 billion at the time.

🗞 Crypto Exchanges Might Be Getting Around 100K New Users Per Day - Analyst

According to research by on-chain analytics provider, Glassnode, 95% of the Bitcoin changing hands last was last moved less than three months ago on the blockchain.

While multiple companies sharing how many millions of new crypto users they've got recently, one popular crypto analyst made an estimation, how many new bitcoin (BTC) traders crypto exchanges might be getting per day.

Willy Woo shared that, based on the data provided by on-chain analysis firm Glassnode and the Cambridge Centre for Alternative Finance, the number of new BTC users seen on the blockchain per day has been rising, as shown by the pink line on the chart.

"35,000 new users per day arriving on-chain. Which means exchanges are likely adopting an additional ~100,000 users per day right now."

Also, using Square and PayPal data as a proxy, retail investors have purchased over BTC 187,000 so far this quarter, compared to roughly 205,000 last quarter, Bloomberg reported, citing strategists at JPMorgan Chase & Co. Institutions have bought about BTC 173,000 over that time frame — as gathered by BTC futures, fund flows and company announcements — after buying nearly BTC 307,000 in the last quarter of 2020, the report added.

Crypto Way in Norway

For example, a recent survey asking 1,020 Norwegians whether they owned bitcoin or any other cryptocurrencies revealed that 7% of them own crypto, wrote Vetle Lunde, an analyst at Arcane Research, a subsidiary of the Norwegian investment company Arcane Crypto.

🗞 Daily Crypto Calendar, March, 17th💰

Hyve (HYVE)

"We'll be providing liquidity on PancakeSwap soon. The event will take place Wednesday, on the 17th of March in the afternoon on PST time."

Cardano (ADA), EOS (EOS), yearn.finance (YFI)

"... DOT and UNI listing at 04:00 UTC on 3 March. We'll list two more from the list on 10 March and the remaining two on 17 March."

Keep Calm and Hodl (KCH)

Keep Calm project starts a 3-months airdrop with a 500,000,000 KCH in reward pool.

Stellar (XLM)

"Reminder: the #Stellar test network reset is scheduled for 03/17/21 at 0900 UTC. That's a week from today."

TRON (TRX)

BitMart listing SHD Cash on March 16.

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