Daily Crypto NewsEDITION #174, 18 March 2021

Kraken is haunting Coinbase

Hey #Moni Maker 🙃

It snowed in Sahara today in 1979. Everything’s possible, so keep your hand on the pulse, do not forget about stop-losses and of course, follow the latest events.. We are always happy to help with the latter😉

Let’s go!

U.S.-based cryptocurrency exchange Kraken is considering going public next year through a specialized target mergers and acquisitions (SPAC) company or through an initial public offering (IPO).

So far, no major cryptocurrency exchange has entered the U.S. stock market, but that should change soon thanks to Coinbase's listing.

So what?

Such movements will help bring cryptocurrency closer to the mass adoption, gilding the CEOs of companies and squeezing the plastic fiat world.

We wonder who is next?

Investment bank Morgan Stanley, with $4 trillion in assets, becomes the first major U.S. bank to offer its clients access to three bitcoin funds.

Two of the funds on offer come from Galaxy Digital, a fund founded by Mike Novogratz; the third is FS Investments.

Galaxy Bitcoin Fund LP and FS NYDIG Select Fund have minimum investments of $25,000, and Galaxy Institutional Bitcoin Fund LP has $5 million.

So what?

Pfft, 25K, that's kind of poor.

That’s all we meant to say.

Major Chinese technology company Meitu bought $21.6 million in BTC and $28.4 million in ETH.

The company said it made the ETH purchase as it seeks to integrate blockchain technology into its applications.

The company currently owns $90 million worth of cryptocurrency. Meitu previously said it plans to invest up to $100 million in cryptocurrencies from its own reserves.

So what?

So everyone's into bitcoin, and we're into ETH. But the trend is encouraging.

Maybe it's worth watching and following the giants’ footsteps. They're not Dave Portnoy, by golly...

And you...buy Bitcoin! 😉