This Week in Crypto...

April 16, 2021
On Monday, Former CIA Director Michael Morell refuted the use of Bitcoin for illicit activities. His research indicates that criminal Bitcoin transactions have been on a steady decline. In an interview with Forbes, Morell stated: "just the opposite... In fact, there was probably less illicit activity in the Bitcoin ecosystem than there is in the traditional banking system."

On Tuesday, 

Microstrategy announced it will now pay the Board of Directors in Bitcoin, as its treasury grows to nearly 100,000 BTC. The company stated: "In approving bitcoin as a form of compensation for Board service, the Board cited its commitment to bitcoin given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy."

On Wednesday,

Bitcoin’s creator, Satoshi Nakamoto, is now one of the top 20 wealthiest people in the world according to Forbes’s 2021 list of billionaires, climbing from 159th just 5 months ago.  

On Thursday,

PayPal CEO Dan Schulman said PayPal’s crypto commerce may reach a volume of $200M in just months. He reiterated the company's commitment to the digital asset class, stating: "PayPal really wants to use cryptocurrency as a funding source for everyday transactions. The endgame, though, is a more noble vision of this inclusive economy, and things will be done much differently than today."

On Friday, 

Grayscale, the largest cryptocurrency asset manager, saw its total assets under management increase to above $50 billion following the recent Bitcoin all-time high.

And finally, swiss insurance company AXA announced it will begin to accept Bitcoin payments for premiums on all non-life products. 

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