“reHash” — Your Weekly Summary of Everything Important in the Crypto World — issue no. 25

This article was first published on Wanchain - Medium
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“reHash” — Your Weekly Summary of Everything Important in the Crypto World — issue no. 25

reHash issued for March 4th to March 10th

Welcome to reHash 25 in which we recount the news from last week. It seems this week it is more of the same — third ETF launched in Canada, Arthur Hayes might be surrendering to authorities, McAfee still does not agree with being imprisoned, some exploits and MicroStrategy buys a little more BTC. Other companies also purchased some cryptocurrencies, which is nice. Hope you enjoy reHash this week!

NOTE:
reHash is not intended to be original journalism. It is intended to be a brief summary of significant articles and events from the past week with links to the original sources. Sources will always be linked and credited. If you know any good newsletters or Twitter accounts which provide news we have been missing, please mention them in the comments!

ADOPTION

  1. A third ETF, CI Galaxy Bitcoin ETF, has been approved in Canada; it started trading on March 9th on the Toronto Stock Exchange under BTCX symbol; “We believe the emerging digital asset class presents compelling growth and diversification opportunities. The CI Galaxy Bitcoin ETF offers a simple and secure access point for traditional investors to gain exposure to bitcoin,”; the previous two ETFs have attracted more than $500 million in investment in the oast week;
    SOURCE: 1, 2, 34
  2. Software company Meitu bought $40 million worth of cryptocurrency; they bough 15,000 Ethereum and 379.12 BTC; they are Hong Kong-listed and headquartered in China’s Fujian province; “the Board believes cryptocurrencies have ample room for appreciation in value and by allocating part of its treasury in cryptocurrencies can also serve as a diversification to holding cash”; “More importantly, the Board considers this a demonstration to investors and stakeholders that the Group ...

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