Earlier today, Grayscale CEO Michael Sonnenshein broke the big news to the crypto community that TIME magazine will now receive some payments in Bitcoin. We tell you!
TIME magazine will be a Bitcoin crypto hodler
According to Sonnenshein’s announcement, the partnership between Grayscale and TIME will allow the creation of a new series of educational videos on the crypto market. But, in addition to that, he assured that Keith Grossman, president of TIME, agreed to receive payments in Bitcoin and keep the leading crypto on their balance sheets.
This is not the magazine’s first foray into the crypto market. As we previously reported on CryptoTrend, TIME magazine recently sold three of its covers as NFT, showing a higher share of the crypto industry.
This is how TIME becomes one of the large companies, such as MicroStrategy, Square and Tesla, in maintaining balance sheets in the leading crypto, which makes them hodlers.
Binance launches a Tesla token
Crypto exchange Binance announced the launch of tradable share tokens that will allow crypto users of the exchange to trade shares.
In this way, the first Binance Stock Token (BST) to be traded is Tesla Inc., the TSLA / BUSD pair trading was opened at 13:35 UTC today. Therefore, all stock crypto tokens will be denominated, settled and guaranteed in Binance USD (BUSD).
MicroStrategy Board of Directors to Trade Cash for Leading Crypto
MicroStrategy CEO Michael Saylor ad Through his Twitter that the company’s board of directors will now receive crypto instead of cash.
Thus, according to the statement, the Board of Directors modified the compensation agreements for directors who were classified as non-employees. Such directors, in the future, will receive all fees for their services in the leading crypto rather than cash.
Galaxy Digital is the latest to bet on a crypto ETF
Earlier today, Galaxy Digital submitted to the SEC a request to have a crypto ETF run on NYSE Arca, an exchange on which both stocks and options are traded.
This is how the company becomes the eighth firm that is waiting for the approval of a Bitcoin ETF.
«Sponsor (Galaxy Digital) believes that the Trust will provide a profitable way for Shareholders to implement strategic and tactical asset allocation strategies using Bitcoin by investing in the Shares rather than buying, holding and trading BTC directly.“Says the application submitted.
In a few lines …
- 11,900 Bitcoins, equivalent to 716 million dollars, have stepped out from the crypto exchange Coinbase to be deposited in cold wallets.
- Perianne Boring, president of the Chamber of Digital Commerce, expressed that Bitcoin could exceed 100K this year.
- Bitcoin (BTC) crypto futures for December 2021 will hit $ 73,500.