Bitget introduces Trade To Mine
Bitget is promoting BTC/USDT and ETH/USDT spot trading with zero fee promotion. It has upgraded it with Trade To Mine feature.
Feature: Bitget users trading Bitcoin or Ethereum with USDT (buy or sell) will not only trade for free; but they will earn Bitget's utility token, $BGB, which will be mined in pool as per the trading volume of the user.
Strategy: This is a nice strategy of Bitget that targets an increase in trading and the promotion of BGB at the same time.
Duration: This is a pilot project for 24 days (28 April to 20 May 2024). *Full Details
OTHER NEWS
BUSINESS ENTERING CRYPTO
Stripe starts accepting USDC
After avoiding crypto for the last 6 years, popular payment processor Stripe has started accepting crypto, starting with USDC on the Polygon, Solana, and Ethereum.
It is possible that Stripe has reached a profitable agreement with USDC creators (Coinbase and Circle). With Stripe being one of the largest online payment processors, its support will expand the market for USDC.
CRYPTO PLATFORM LEAVING USA
Phoenix Wallet is leaving US
Phoenix Wallet will be removed from the US App Store on May 3, 2024. Phoenix Wallet advises US users to empty their wallets.
Self Custodial Wallet: I guess a self-custodial wallet shouldn't be called that, but some believe that the Phoenix wallet is a lightning wallet, so it won't be 100% self-custodial.
Samourai Wallet Reaction: Phoenix Wallet has not explained why it is withdrawing from the US, but experts believe it is a reaction to the arrest of Samourai Wallet founders by the US.
WALL STREET HODLING BITCOIN
Bitcoin BlackRock, Fidelity, Microstrategy
BlackRock & Fidelity now HODL more than 420k Bitcoins for their Spot BTC ETFs. Ie these two firms HODL 2%+ of total Bitcoin supply. If we include Microstrategy, which also has 1%+ BTC, these 3 US companies HODL 3% of Bitcoins togather.
LAW IS SO ELUSIVE
We all are criminals because corrupts are lawmakers
The government does not believe crypto is money, but targets crypto users for money laundering, taxes people's crypto like money, and then lectures the crypto world with tedious debate over whether crypto is a security or a commodity, preventing anyone from using crypto as money.
