Hodl news recap — 2nd week of February

Canada Freedom Convoy has embraced Bitcoin donations after shut down of its fiat fundraising campaign

At the time of writing, the Freedom Convoy has raised over 8.80 BTC through its bitcoin donations page. Although the page was set up a couple of days before the fiat fundraising platform shut down its page, the lifeline came in handy to quickly supercharge the convoy’s efforts in vouching for a wide range of individual freedoms that the truckers claim the Canadian government took away from them.

Valkyrie’s Bitcoin Miners ETF has been approved by the Nasdaq

The ETF proposal that crypto asset manager Valkyrie has applied to the U.S. Securities and Exchange Commission (SEC) to list its exchange-traded fund (ETF), offering exposure to stocks in bitcoin mining companies on Nasdaq, was just approved.

KPMG in Canada adds Bitcoin and Ethereum to its corporate treasury

KPMG LLP, a limited liability partnership, is a full-service Audit, Tax and Advisory firm owned and operated by Canadians, have provided consulting, accounting, auditing, and tax services to Canadians for over 150 years.
The firm has acquired Bitcoin and Ethereum on its balance sheet through Gemini Trust Company LLC’s execution and custody services.

US Justice Department says it seized $3.6 Billion worth of Bitcoin

The Justice Department said it seized over $3.6 billion worth of Bitcoin stolen during a hack of an exchange in 2016, and arrested two suspects for allegedly trying to launder the money. The value of the cryptocurrency at the time it was seized last week marks the largest financial seizure ever by the Justice Department, officials said.

Bitcoin is proposed to be regulated in Russia as a currency

The Russian government and the country’s central bank have reached an agreement to draft legislation or amend existing laws recognizing crypto as a form of currency, according to a statement on Tuesday.

The agreement is a significant reversal after the Bank of Russia last month proposed banning miners and several other crypto operations over concerns that they could endanger the country’s financial system.

BlackRock, the world’s largest asset manager to offer crypto trading

The New York-based company, which manages over $10 trillion in assets for institutions, plans to enter the cryptocurrency space with “client support trading and then with their own credit facility,” one of the people said. In other words, clients would be able to borrow from BlackRock by pledging crypto assets as collateral.

U.S. inflation rate climbs to 7.5% after sharp increase in consumer prices

The U.S. rate of inflation climbed again in January to 7.5% and stayed at a 40-year high. The consumer price index rose 0.6% in the first month of 2022, driven by big advances in rent, food and energy. The increase exceeded Wall Street’s forecast of a 0.4% gain. The 7.5% surge in the cost of living in the past 12 months is the biggest since February 1982.

El Salvador Bitcoin bonds to be issue mid March

El Salvador plans to issue its first “Bitcoin bond” next month, finance minister Alejandro Zelaya said. Speaking on a local news program, Zelaya said that the government is planning to have the bond “totally ready” for issuance between March 15 and March 20.

Intel announces that its Bitcoin mining chip will be ready to ship later this year

In a communication article, the giant semiconductor manufacturer Intel, reveals that the company will be ready to launch its first mining chip by the end of this year. They also announced in the same report that Argo Blockchain, BLOCK (formerly known as Square) and GRIID Infrastructure are among their first customers for this upcoming product.

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