Top 5: Buying fractionalized Tesla stock using cryptocurrency to Bitcoin hitting 7 ounces of gold
1) FTX releases fractionalized stock trading to make Tesla, Apple and Amazon meet crypto.
FTX, a cryptocurrency derivatives exchange built by traders, for traders launched trading in “fractional stocks offerings”. For this project, FTX had partnered with CM-Equity, an investment firm. FTX is offering a lot of equity and crypto pairings like fractionalized Tesla (TSLA), Apple (APPL), and Amazon (AMZN) derivatives. Fractionalized ownership like these will help retail investors to invest in expensive stocks with less capital.
2) Bitcoin hits seven ounces of gold.
Gold has now hit one year low against BTC. Regarding this Econometrics tweeted “Right now #BTC is at about 2.4% of the market size of gold. This is only the beginning.” Peter Schiff, CEO and chief global strategist of Euro Pacific Capital Inc. on this commented “Bitcoin holders are more confident they're right and sure they can't lose than were dotcom or house buyers during those bubbles.”
3) Avanti launches a new crypto-friendly bank under the name Avanti Bank & Trust.
Avanti launches a crypto-friendly bank in Wyoming as well as “tokenized U.S. dollar” Avit. The bank will open for customers from the starting of 2021 but only for institutional investors.
Caitlin Long, founder and CEO of the company said:
Wyoming's regulators are the only bank regulators that have a supervisory and regulatory oversight program nearly in place. All other states, and the OCC [Office of the Comptroller of the Currency], are not yet ready to supervise banks engaging in digital asset activities.
4) Bank of Canada Governor sees no urgent need to issue CBDC right now.
Tiff Macklem, Governor of Bank of Canada in an interview said:
If another country has one and we don’t, that could certainly create some problems. So we want to make sure we’re ready. Currencies move across borders, and so we certainly wouldn’t want to be surprised by some other country.
Regarding Central Bank Digital Currency. Canada started with the CBDC research project, Project Jasper in 2017. The country has been trying to recruit talent for the potential development of a CBDC.
5) CEO of Circle already has access to Paypal cryptocurrency services.
Jeremy Allaire, CEO of Circle shared in a tweet, screenshot of a Bitcoin purchase worth $100 through PayPal. Even though PayPal last week announced that it would entre the cryptocurrency industry in early 2021. Jeremy Allaire didn't explain how he had got early access to PayPal crypto services.