Here are some of the top news stories in the cryptocurrency world today:
1. Bitcoin surpasses $61,000: Bitcoin, the largest cryptocurrency, has hit another milestone by surpassing $61,000 for the first time ever. This follows a recent surge in institutional interest and growing acceptance of Bitcoin as a digital store of value.
2. Coinbase's IPO date announced: Coinbase, one of the largest cryptocurrency exchanges in the United States, has set its direct listing date for April 14th. This will be a significant event for the crypto industry as it marks the first major cryptocurrency exchange to go public.
3. Visa to allow USD Coin transactions on Ethereum: Visa, the global payment giant, has announced its support for USD Coin (USDC), a stablecoin pegged to the U.S. dollar, on the Ethereum blockchain. This move indicates the growing adoption of cryptocurrencies by traditional financial institutions.
4. Ripple wins discovery ruling in SEC lawsuit: Ripple Labs, the company behind the XRP cryptocurrency, has won a small victory in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). The court has granted Ripple access to the SEC's internal discussions on whether Bitcoin and Ethereum are considered securities.
5. Canadian Bitcoin ETF reaches $1 billion AUM: Purpose Investment's Bitcoin exchange-traded fund (ETF) in Canada has surpassed $1 billion in assets under management (AUM) within just two months of its launch. This reflects the increasing demand for regulated investment products tied to cryptocurrencies.
