Ark wants a Bitcoin ETF, OpenNode brings BTC to 60.000 merchants and hydropower generators for sale

2 min readJun 30, 2021
Photo by Executium on Unsplash

Ark Invest proposes another Bitcoin ETF

The battle to get a Bitcoin ETF approved has intensified as ARK Invest, in conjunction with 21Shares, becomes the latest entity to submit a proposal to the US Securities and Exchange Commission (SEC). SEC is the body that the markets look to for regulation in the United States.

Cathie is the founder and CEO of ARK Invest, an investment firm with $29 billion worth of assets under its management.

This isn’t the first Bitcoin ETF proposal to be tabled before the US SEC. A number of other entities, including the Winklevoss brothers, have submitted their proposals in the recent past. However, it appears that the SEC has been particularly reluctant to approve any of the proposals.

Source: Cryptopolitan

OpenNode brings Bitcoin payments to 60.000 merchants

Bitcoin payment infrastructure provider OpenNode has announced that its technology will be leveraged by ecommerce company BigCommerce, bringing bitcoin payment options to more than 60,000 merchants around the world.

“Our partnership with BigCommerce is another important step towards meeting surging merchant demand for bitcoin payment acceptance.”

BigCommerce merchants will have the option to settle sales in their preferred currency, local fiat or bitcoin, and OpenNode bitcoin acceptance is compatible with any Bitcoin wallet. Through the partnership, they will have the ability to offer on-chain and Lightning Network payments.

“Response from BigCommerce merchants has been incredibly positive, and follows huge success powering payments for the Bitcoin 2021 conference in Miami. Payments are changing, and OpenNode is excited to drive access and scale with forward-thinking payments and platform providers like BigCommerce.”

Source: BitcoinMagazine

Hydropower plants go on sale in China amid mining crackdown and bitcoin slump

China’s swift and sweeping crackdown on bitcoin mining has pushed owners of small hydroelectric power plants to offload their assets now that demand for cheap power is drying up.

The number of advertisements on Xianyu, a popular second-hand e-commerce platform, for small scale hydro plants with capacity of around 50 megawatts, has increased since the mining crackdown began in May.

Some plants are in southwestern Sichuan province, an area in China with abundant water resources that can provide cheap electricity and where 26 bitcoin mining operations were ordered to shut down last week.

“You can secretly mine cryptocurrency if you buy a hydropower station.”

Source: SCMP

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