Spain’s soccer club FC Barcelona, which boasts Lionel Messi as a current team member, is set to have its own token that will give voting power to its "over 300 million" global fans.
Singapore’s new payments law has come into force today and it requires all crypto businesses operating in the country to be registered and licensed. The Payment Services Act was first passed in January 2019 and is now enacted, the Monetary Authority of Singapore (MAS) announced Tuesday. It gives the regulator formal supervisory authority over payments firms, including crypto. The Monetary Authority of Singapore said the new law will strengthen consumer protection and promote confidence in the use of electronic payments
During his recent appearance on CNBC's 'Power Lunch,' Fundstrat Global Advisors co-founder, Tom Lee predicted that the Bitcoin (BTC) price could witness a moonshot to $40,000 this year. His bullish prediction comes after the coin took a nosedive below $10,000. The Fundstrat analyst thinks the Dow Jones Industrial Average would be first in a race to 30,000. However, Lee later corrected himself in a tweet, claiming that BTC would beat the Dow to $40,000.
Coinbase pushes the “Bitcoin as digital gold” narrative, in a blog post ahead of May’s upcoming halving event. After the May 2020 halving, mining rewards for each new block, mined approximately every ten minutes, will reduce to 6.25 BTC. This will bring the supply issuance of Bitcoin to a rate of around 1.7% per annum. Stock-to-flow (S2F) is a measure of new supply rate over total supply and Coinbase notes that Gold’s stock to flow is higher than any other metal commodity and post-halving, Bitcoin’s S2F scarcity will be on a par with gold’s.