Bitcoin slipped away from the $12,000 level on Tuesday (March 6), MarketWatch reported. The fall came as traders were taking in the news that Coinbase is facing two class-action lawsuits. Bitcoin was at $10,773.54 as of 7:17 p.m., according to CoinDesk.
As bitcoin slides, people aren’t searching for “bitcoin” on Google all that often anymore, Bloomberg reported. According to Google’s data, searches for the term have plummeted by 80 percent since the cryptocurrency’s high in December.
Crypto is becoming the hot new job skill for equity research analysts, Business Insider reported. Morgan Stanley has posted job listings on LinkedIn that have said “knowledge of cryptocurrency is a plus.” Already, the financial services firm generates research on blockchain and crypto. One note released by the firm, for example, discussed the effects of crypto on the payments space.
And Grayscale Investments Inc. has unveiled four new crypto funds, Bloomberg reported. Through the funds, which will operate as trusts, qualified accredited investors can invest in Bitcoin Cash, Ether, Litecoin and Ripple. The news comes about five years after the firm launched its Bitcoin Investment Trust—and more funds might be on the way. “There will be more offerings coming from the Grayscale family this year,” Michael Sonnenshein, managing director at Grayscale, told Bloomberg.
Can crypto be cool and refreshing? Yes, if it involves ice cream. Three college students are apparently looking to start an ice cream delivery service in California that will, yes, run only on bitcoin’s Lightning Network, CoinDesk reported. The name of the planned service? None other than “Block and Jerry’s,” an obvious take on a popular ice cream brand.
And three financial institutions have banded together to develop cybersecurity standards for FinTechs, Financial Times reported. The group includes Citigroup, Zurich Insurance and Depository Trust & Clearing Corporation. Other members include Hewlett Packard Enterprise and Kabbage. According to members of the group, the goal is to roll out standards within six months to a year.