Welcome to our first e-newsletter of 2024, a yr that guarantees to be an exciting journey for everybody within the cryptocurrency group. As we embrace the brand new yr, we’re excited to deliver you the most recent updates from across the cryptocurrency trade, insightful analyses on the evolving panorama of crypto funds, and the latest developments in our BitPay’s product choices.
In This Situation:
BitPay within the Information
Try the most recent information from BitPay this month:
Trade information
Learn information from throughout the blockchain trade:
- SEC Approves Spot Bitcoin ETFs: The U.S. Securities and Alternate Fee has authorized the launch of spot Bitcoin ETFs, a transfer anticipated to considerably enhance funding in digital foreign money.
- MicroStrategy’s Bitcoin Buy: MicroStrategy, led by Michael Saylor, continues its vital funding in Bitcoin, buying an extra 14,620 BTC for $615.7 million, contributing to their whole holdings of over 189,150 bitcoins.
- Central Financial institution of Nigeria Lifts Ban on Crypto Transactions: The Central Financial institution of Nigeria has reversed its ban on cryptocurrency transactions, permitting for renewed crypto actions within the nation.
- Elon Musk’s Crypto Holdings and Plans: Elon Musk, the proprietor of X (previously Twitter), reveals his private crypto holdings and plans to revolutionize fee techniques, difficult PayPal, Visa, and banks, whereas holding vital quantities of Dogecoin and Bitcoin via SpaceX and Tesla.
- IRS Delays Enforcement of Digital Asset Reporting Guidelines: The IRS has postponed the enforcement of latest digital asset reporting guidelines, awaiting additional regulatory tips.
- Vitalik Buterin’s Up to date 2024 Roadmap for Ethereum: Vitalik Buterin, co-founder of Ethereum, has shared an up to date 2024 roadmap for Ethereum, specializing in key priorities just like the Merge, Surge, Scourge, Verge, Purge, and Splurge, aimed toward enhancing the blockchain’s effectivity and decentralization.
How Bitcoin ETFs Can Influence Crypto-Savvy Retailers
In our newest insights for retailers, we delve into how the approval of Bitcoin ETFs is ushering in a golden period for crypto-savvy retailers.
The SEC’s inexperienced gentle for 11 spot Bitcoin ETFs not solely boosts funding choices but in addition indicators a bullish pattern for retailers accepting crypto funds, as increased Bitcoin costs usually correlate with elevated client spending in crypto.
This growth, coupled with the upcoming Bitcoin halving in April 2024, presents a main alternative for retailers to combine crypto funds into their operations, tapping right into a market of youthful, tech-savvy, and high-spending shoppers. Learn the total article right here.
Nominate Your Favourite Retailers for the Better of BitPay Awards 2023
We’re celebrating the entire innovating manufacturers, retailers, and organizations that settle for cryptocurrency! Whether or not you’re a present service provider or avid buyer, we wish to hear from YOU!
Nominations are open now via January thirty first. As soon as nominations are in, voting will start on February 1st and run via February twenty eighth.
→ Nominate your favourite BitPay retailers for this yr’s Better of BitPay Awards.
Product Focus: Payouts with BitPay Ship
BitPay’s newest Stats replace showcases how companies throughout the globe are utilizing BitPay Ship. Affiliate payouts and buyer rebates/rewards/refunds paved the way as prime use instances, with payroll, money outs, and B2B vendor funds rising steadily.
With BitPay Ship, firms can effortlessly ship Bitcoin, Ethereum, and different crypto funds worldwide, providing a easy, safe, and cost-effective various to conventional fee strategies, all with out the necessity to purchase, maintain, or handle crypto themselves.
→ Discover BitPay Ship and uncover the way it can streamline your corporation’s fee processes.
Featured Service provider: Jomashop
This Valentine’s Day, elevate your gift-giving with the beautiful collection of jewellery, watches, and high-fashion equipment at Jomashop. Embrace the way forward for buying by utilizing cryptocurrency to buy that excellent, luxurious reward for your beloved. Uncover the benefit and comfort of paying with BitPay at Jomashop, the place timeless class meets fashionable fee innovation, making your Valentine’s Day buying expertise as particular as your reward.
→ Begin your Valentine’s Day buying with Jomashop
Inquiries to Ask Your Cost Processor
Don’t threat partnering with the incorrect crypto funds supplier. Arm your self with the precise inquiries to ask when vetting potential companions.
Query #08: Have they got an inventory of referenceable shoppers? In that case, who?
Learn the overview right here or obtain our expanded information of questions to assist spot a dependable and reliable crypto accomplice.
Bitcoin Halving Countdown
The Bitcoin halving is slated to happen in April 2024. With the upcoming Bitcoin halving occasion, retailers have a singular alternative to capitalize on the elevated curiosity in Bitcoin spending. By accepting Bitcoin funds via BitPay, retailers can faucet right into a rising buyer base and profit from the potential surge in Bitcoin transactions. Do not miss out on this opportunity to remain forward of the curve and join with BitPay at the moment.
Phrase of the Month: Greenback-Value Averaging
Greenback-cost averaging (DCA) means making smaller, equal investments on an ongoing foundation, as an alternative of constructing giant or irregular crypto buys. Though cryptocurrency might be significantly extra risky than shares, dollar-cost averaging with crypto will help you reap lots of the similar rewards conventional equities merchants take pleasure in via the technique.
By commonly shopping for your favourite cash, you’ll be mechanically investing extra over time it doesn’t matter what’s happening within the crypto market. This allows you to develop your holdings, and may decrease your total cost-basis throughout dips.
→ Study extra about dollar-cost averaging
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