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Switzerland 5 Star Hotel, Chedi Andermatt Starts Accepting Bitcoin And Ethereum

Mark Brennan
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Switzerland 5 Star Hotel, Chedi Andermatt Starts Accepting Bitcoin And Ethereum

Cryptocurrencies are now too big to be ignored by the Chedi Andermatt.


The Chedi Andermatt, a luxurious five-star hotel nestled in the heart of the Swiss Alps, has started accepting Bitcoin and Ethereum payments, Swiss newspaper Blick reports.

From now on, the hotel’s guests can choose one of the two largest cryptocurrencies if they pay more than 200 Swiss francs (roughly $218).

This was not a spontaneous decision. The hotel has been mulling over accepting cryptocurrencies for four years.

Jean-Yves Blatt claims that growing cryptocurrency acceptance around the world has finally prompted the Chedi Andermatt to open its doors to the newfangled coins.

“We have long known that cryptocurrencies also have a future in hotel operations.”

 

The hotel has 123 lavish suites with Hästens boxspring beds. It also offers a Michelin-starred Japanese restaurant, saunas, yoga classes and a fitness center.

When it comes to outdoor activities, the hotel boasts its own golf course, sports center and other facilities.

Given that the price of a double room starts from 500 francs ($544), the hotel has made a wise move by catering to the growing number of crypto millionaires.

After Implementation Of EIP-1559, 100,000 Ethereum Have Been Burned In 21 Days

Jakkk
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After Implementation Of EIP-1559, 100,000 Ethereum Have Been Burned In 21 Days

Since Ethereum EIP-1559 proposal was implemented, 100,000 Ethereum tokens have been burned.


The second-largest blockchain took just 21 days to achieve the milestone of burning 100K Ethereums. ETH blockchain is destroying thousands of dollars every minute in shape of transaction fees.

 

EIP-1559 was the most prominent improvement proposal that came along with the eagerly awaited London hark which activated on Aug. 5. Analysts estimate that around two million coins will be taken out of ETH circulation supply this year.

This Week Morgan Stanley SEC Filings Shows That Bank Has Acquired Large Amount Of Bitcoin Via Grayscale Bitcoin Trust

Mark Brennan
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This Week Morgan Stanley SEC Filings Shows That Bank Has Acquired Large Amount Of Bitcoin Via Grayscale Bitcoin Trust

This week Morgan Stanley SEC filings shows that the bank has acquired large amount of bitcoin via Grayscale Bitcoin Trust.


 

Morgan Stanley is increasing its investment in the Grayscale Bitcoin Trust. Bank recent SEC filings indicate that the Morgan’s Insight Fund, Morgan Stanley Variable Insurance Fund Inc, Morgan Stanley Institutional Fund Inc, and the Morgan Stanley Institutional Fund Trust all made indirect investments in Bitcoin. The largest of these appears to be 928,051 shares held by Morgan’s Insight Fund.

Morgan Stanley majority of cryptocurrency investments are made in the Grayscale Bitcoin Trust.

According to SEC filings On June 29,  Morgan Stanley first purchased 28,289 shares of the Grayscale Bitcoin Trust via its European Opportunity Fund.

David Marcus, Head Of Facebook Financial Says Facebook Is Considering NFT Related Products

Albert Brown
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David Marcus, Head Of Facebook Financial Says Facebook Is Considering NFT Related Products

Facebook may create products and services related to Non-Fungible-Tokens (NFTs).


David Marcus, the head of F2 (Facebook Financial), and Novi cryptocurrency wallet division said Tuesday, that Facebook was exploring the possibility to create products and services related to non-fungible tokens. Markus said at the same time that he is unsure about the use of Bitcoin for transactions.

Marcus spoke about possible developments with Bloomberg in a video interview.

He said:

“We’re definitely looking at the number of ways to get involved in the space because we think we’re in a really good position to do so,” 




 

Markus heads Facebook Financial (F2) which is the internal group of company responsible for building Facebook digital wallet Novi that  can be used to store NFTs.

He said:

“When you have a good crypto wallet, like Novi will be, you also have to think about how to help consumers support NFTs.”

 

Marcus, did not exactly mentioned about the timeline at which Facebook intends to roll out its NFTs products.

“This area is worth exploring, and it has the potential to have a positive effect on both consumers and creators.”

Markus stated that the Facebook digital wallet, Novi is ready. The company, however, is still waiting for its launch along with the launch of its stablecoin Diem (previously known as Libra).

Vechain And Olive Times Became Partners To Deliver Best Quality Premium Olive Oils In China

Mark Brennan
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Vechain And Olive Times Became Partners To Deliver Best Quality Premium Olive Oils In China

The Olive Times, a promising Chinese olive oil brand, has teamed up with VeChain to ensure the authenticity of its oil products. 


On August 25th, VeChain announced the news in a press release, stating that the collaboration was intended to help the company meet growing demand in China for organic olive oils.  According to the International Olive Council, China consumes an average 66,000 tonnes per year of olive oil.

According to the press release, the Olive Times has partnered with VeChain to use its Blockchain-as-a-Service (BaaS) platform to track the product line of its premium extra virgin olive oil dubbed Special-Olive.





Vechain.org writes:

“To ensure the authenticity of origin, freshness of product and earn trust among domestic consumers, Olive Times is now working closely with VeChain to roll-out traceability across their entire Special-Olive product line using VeChain’s Blockchain-as-a-Service (BaaS) platform.”

VeChain data quality and blockchain will allow the company log data at key production stages to ensure that end users gets the  promised quality and original product.

The process includes uploading of data about crushing, extraction, quality certificates and acidity levels. VeChain will also maintain Olive Times data security and transparency allowing consumers in ethically-conscious markets to make sure that Special Olive meets their standards.

Olive Times CEO Jane Gong praised VeChain, stating that it allows Olive Times to share all information about special olives in a consistent and reliable manner. This allows clients and consumers to have reliable, current information about the company’s operations.

 

Jane Gong, said:

“VeChain’s technology raises our prestige as a niche brand by allowing us to communicate with consumers through a QR code or NFC tag. Using VeChain’s flexible and cost-effective technology, everything about our product can be conveyed trustless and unalterably, offering a real-time, trustworthy window into our operations for loyal customers and consumers alike.’’

 

The UK Financial Conduct Authority (FCA) Cleared Binance

Mark Brennan
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The UK Financial Conduct Authority (FCA) Cleared Binance

The UK Financial Conduct Authority (FCA), has approved Binance, the largest crypto exchange in terms of trading volume to provide its services again in the UK.


Binance met all requirements and regulatory aspects, according to the FCA.

Changpeng Zhao, Binance CEO, shared the news via Twitter. 

 

This update was a relief as many regulatory authorities started to put restrictions on Binance after the FCA declared that it was non compliant. Nearly a dozen countries issued similar warnings following the FCA’s warning.

Zhao stated in different interviews that the main focus of the exchange will be to remove regulatory hurdles. The exchange has also taken many steps over the last few weeks to improve relations with regulators.

To ensure its products are compliant with regulatory requirements in each country, the crypto exchange took a variety of steps.

Binance imposed mandatory kYC for all new users, binance no more offered derivative and future trading services for its Hong Kong users, binance stopped crypto futures trading services across European countries, daily withdrawal limit for binance unverified accounts was reduced and binance leverage trading limit was also  reduced.

Cardano Engineering Company, IOHK Announced New Partnership With European Business University Of Luxembourg (EBU) To Make Education Accessible For Students In Developing Countries

Mark Brennan
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Cardano Engineering Company, IOHK Announced New Partnership With European Business University Of Luxembourg (EBU) To Make Education Accessible For Students In Developing Countries

IOHK has announced a new partnership between IOHK and the European Business University of Luxembourg (EBU) to make education more accessible for all in developing countries.

Read: Cardano (ADA) Launched On Bitpoint


 

EBU is an internationally recognized educational provider and non-profit organisation that specializes in higher education and certification programs. They have partnered with 36 international organizations to teach more than 2,000 students in 25 African countries.

Read: Latest Cardano News

 

IOHK writes:

“Working closely with Alexis Hague and Dr. James Mulli, directors at EBU, this new partnership will be sponsored by IOHK’s director of education, Lars Brünjes, in conjunction with our IOHK education team. The collaboration will give a wealth of new African students access to educational material for free, whilst also supporting our mission in the region.

The objective of this partnership is to expand the teaching and content material with the provision of courses in Plutus and Haskell to a broader audience, thereby empowering people in developing countries to learn new developer skills and become self-sufficient.”

EBU and IOHK plan to expand educational training programs. IOHK stated that they believe that the EBU can play a crucial role in expanding African students scholarship program, which will be of great benefits to potential students.

Citigroup Considering To Offer Bitcoin Futures Trading After Regulatory Approval

Mark Brennan
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Citigroup Considering To Offer Bitcoin Futures Trading After Regulatory Approval

Citigroup, a US multinational investment bank, is considering trading bitcoin futures. The bank claims that it has seen increased interest from institutional clients in BTC.


At this point, the Citi bank has not received the required approval. Once the regulatory approval process is acheived, the bank will be able to trade Bitcoin futures.

CoinDesk reported Tuesday, August 24, 2021 that an anonymous source at Citi Bank said that Citi is trying to obtain regulatory approval to trade bitcoin futures on Chicago Mercantile Exchange.

 

The source told Coindesk:

“The team is likely to win approval to begin trading CME bitcoin futures first and then bitcoin exchange-traded notes (ETNs).

Given the many questions around regulatory frameworks, supervisory expectations, and other factors, we are being very thoughtful about our approach. We are presently considering products such as futures for some of our institutional clients, as these operate under strong regulatory frameworks.”

Citigroup, a major investment bank, is the latest to enter the crypto market with its potential Bitcoin futures product.

Galaxy Digital, Goldman Sachs, and Bank of America had previously allowed clients to trade Bitcoin futures.

Read: Bank of America Approves Bitcoin Futures Trading

Cardano (ADA) Launched On Bitpoint, Tokyo-Based Bitpoint Has Become The First Japanese Exchange To List Cardano (ADA)

Jakkk
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0
Cardano (ADA) Launched On Bitpoint, Tokyo-Based Bitpoint Has Become The First Japanese Exchange To List Cardano (ADA)

Tokyo-based Bitpoint has become the first Japanese exchange to list Cardano (ADA).

See ADA Chart on Bitpoint: https://www.bitpoint.co.jp/chart/ada_jpy/

Read: Latest Cardano News


The third-largest cryptocurrency started trading in Japan earlier today. Cardano joins such cryptocurrencies as Bitcoin (BTC), Tron (TRX), XRP, Ether (ETH), Bitcoin Cash, and Basic Attention Token (BAT).

bitpoint

In a celebratory tweet, IOG CEO Charles Hoskinson posted a haiku poem composed by Matsuo Basho, the most famous poet of the Japanese Edo period.

The choice of the poem is not a coincidence. As soon as Cardano wraps up the ongoing Goguen era with the launch of smart contracts on Sept. 12, it will enter the Basho era, during which the proof-of-stake blockchain will improve its scalability and interoperability.

On August 3rd, CTO and co-founder of dcSpark, Sebastien Guillemot, shared a post from the Japanese crypto exchange Bitpoint.

Bitpoint announced that it plans to list Cardano (ADA) later in August.

Guillemot emphasized that Japanese regulators have strict rules for listing cryptocurrencies on exchanges and only a small number of coins can be listed in the country.

Read More: For The First Time Cardano will Be Listed On Any Japanese Exchange As Bitpoint Prepare To List ADA In Late August

Michael Saylor Announced That Microstrategy Has Purchased An Additional 3,907 Bitcoins For $177 Million In Cash

Mark Brennan
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0
Michael Saylor Announced That Microstrategy Has Purchased An Additional 3,907 Bitcoins For $177 Million In Cash

Michael Saylor announced that MicroStrategy has purchased an additional 3,907 bitcoins for $177 million in cash. 


Michael Saylor said:

“MicroStrategy has purchased an additional 3,907 bitcoins for $177 million in cash at an average price of $45,294 per bitcoin. As of 8/23/21 we hold 108,992 bitcoins acquired for $2.918 billion at an average price of $26,769 per bitcoin.”

 

Previously MicroStrategy announced that it had purchased 253 Bitcoins worth $15 million. The company’s balance sheet had 91,579 Bitcoins as of April 5th.

The company first announced its cryptocurrency investments in August 2020, has since purchased 91,579 Bitcoins in total with an average purchase price of $24,311, spending a total of $5 billion 311 million on BTC.

With recent BTC purchase As of 8/23/21 Microstrategy holds 108,992 bitcoins worth $2.918 billion at an average price of $26,769 per bitcoin.




Previously In an interview with CNBC MicroStrategy CEO, Michael Saylor defended $2.2 billion debt-financed bitcoin buys.

He told CNBC that he sees buying BTC right now as comparable to investing in Facebook in the social network’s early days.

He said:

“We’ve got $2.2 billion of debt and we pay about 1.5% interest, and we have a very long time horizon,” Saylor said on “Squawk on the Street.” “Our point of view is being a leveraged, bitcoin-long company is a good thing for our shareholders.

If you borrow billions of dollars at 1% interest and invest it in the next Big Tech digital network that you thought was going to be the dominant Amazon or Google or Facebook of money, why wouldn’t you?” Saylor said. “I mean, if I could borrow $1 billion and buy Facebook a decade ago for 1% interest, I think I would’ve done quite well.”

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