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Sunday 31 January 2021

Switzerland’s Crypto Broker AG Wins Securities House License From FINMA

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Banks can tick a box and start trading with us, said CEO Rupertus Rothenhaeuser.

via CoinDesk https://www.coindesk.com/crypto-broker-ag-securities-house-license-finma

Crypto Long & Short: GameStop, Dogecoin and a New Market Paradigm

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We’re not just witnessing the changing nature of market forces. We’re also seeing a shift in the definition of market “fundamentals.”

via CoinDesk https://www.coindesk.com/gamestop-dogecoin-new-market-paradigm

XRP Posted Biggest Single-Day Gain in 3 Years in a Coordinated Buying Attack

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"Traditional Crypto-Pump groups are being copied and legitimized by WallStreetBets," Jehan Chu, co-founder and managing partner at Kenetic Capital, told CoinDesk.

via CoinDesk https://www.coindesk.com/xrp-ripple-price-3-year-high-telegram-groups

Bitcoin Falls Back to $32K as Elon Musk’s Bio Change Fades Into Memory

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The price jump coinciding with Elon Musk's Twitter attention retraced over the weekend.

via CoinDesk https://www.coindesk.com/bitcoin-price-falls-retraces-elon-musk-twitter

What Ray Dalio Really Thinks of Bitcoin

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A reading of Dalio’s first long-form essay on his thoughts about bitcoin and cryptocurrencies.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/ray-dalio-bitcoin

Saturday 30 January 2021

Judge Rejects Virgil Griffith’s Motion to Dismiss Charges of Aiding North Korea

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U.S. Judge Kevin Castel also denied the ethereum developer’s request for more details about what he’s being charged with.

via CoinDesk https://www.coindesk.com/judge-rejects-virgil-griffiths-motion-to-dismiss-charges-of-aiding-north-korea

India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative

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The move is bound to make potential and current crypto investors outside the country uneasy as well.

via CoinDesk https://www.coindesk.com/indias-proposed-ban-of-private-cryptos-has-many-of-the-nations-investors-nervous

Are Financial Advisors Missing Crypto?

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On this episode of the 'On Purpose' podcast, independent registered investment advisor Tyrone Ross digs into the thorny topic of bitcoin and digital assets through the lens of your average Financial Advisor.

via CoinDesk https://www.coindesk.com/podcasts/on-purpose-with-tyrone-ross/financial-advisor-crypto-bitcoin

Visa May Add Cryptocurrencies to Its Payments Network, Says CEO

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The payments company works with wallets and exchanges to enable crypto purchases, and could eventually use digital currencies over blockchain in the same way it processes traditional money.

via CoinDesk https://www.coindesk.com/visa-may-add-cryptocurrencies-to-its-payments-network-says-ceo

GameStop, Robinhood and the Failure of Un-Free Markets

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The latest in the saga of WallStreetBets vs the world.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/gamestop-robinhood-failure-free-markets

The Small Guys Rebel Against their Big Brother Hedge Funds

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What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto. Also the privacy concerns around China’s digital yuan.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/small-investors-rebel-against-big-brother-hedge-funds

Friday 29 January 2021

Voyager Reports Multiple ‘Service Disruptions’ After Encouraging Users to Trade Dogecoin

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Angry users are taking to Twitter, putting the platform in the DOGE house.

via CoinDesk https://www.coindesk.com/voyager-dogecoin-service-disruptions

Beyond Coinbase: 8 Other Ways to Buy Bitcoin

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Buying bitcoin for the first time? Coinbase isn't the only game in town.

via CoinDesk https://www.coindesk.com/beyond-coinbase-other-ways-buy-bitcoin

In Retrospect, It Was Inevitable: Elon Musk Pumps Bitcoin to Space

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The price action is fun, but the larger significance is about decentralized alternatives to today’s financial system.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/in-retrospect-it-was-inevitable-elon-musk-pumps-bitcoin-to-space

Top 5 Dogecoin Pumps Through the Ages

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What started off as a parody project is still shocking the crypto world with wild price gains and celebrity endorsements.

via CoinDesk https://www.coindesk.com/top-5-dogecoin-pumps

After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

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For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.

via CoinDesk https://www.coindesk.com/gme-dogecoin-bitcoin-china-fomo

Blockchain Bites: DOGE, Musk, Robinhood, GameStop and Crypto’s ‘Populist’ Revolution

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A renewed the pitch to create open access and decentralized standards is much bigger than what's happening to a few stocks.

via CoinDesk https://www.coindesk.com/blockchain-bites-doge-musk-robinhood-gamestop-and-cryptos-populist-revolution

India Would Ban Private Cryptocurrencies Under Proposed Legislation

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A ban on cryptocurrency had been in effect for almost two years before it was overturned by the Supreme Court in March 2020.

via CoinDesk https://www.coindesk.com/india-would-ban-private-cryptocurrencies-under-proposed-legislation

Ripple Responds to SEC Lawsuit Over XRP Sales

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In a Friday filing, Ripple Labs pushed back against the SEC’s allegations.

via CoinDesk https://www.coindesk.com/ripple-responds-to-sec-lawsuit-over-xrp-sales

Crypto Lender BlockFi Registers Bitcoin Trust With SEC

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BlockFi is the latest firm to go up against Grayscale's behemoth bitcoin trust.

via CoinDesk https://www.coindesk.com/blockfi-bitcoin-trust

Money Reimagined: Narratives Wall Street Can’t Control

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It used to be that Wall Street dictated the big stories around finance. It’s unclear whether that’s still the case.

via CoinDesk https://www.coindesk.com/money-reimagined-narratives-wall-street-cant-control

Strange Bedfellows: The World Economic Forum and Crypto

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A look at the challenging task of integrating the radical crypto world into the establishment with Adrian Monck of the World Economic Forum.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/world-economic-forum-bitcoin-crypto

Kraken, Coinbase Suffer Outages Amid Market Volatility

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Spillover from market drama on Wall Street is crippling U.S. crypto exchanges.

via CoinDesk https://www.coindesk.com/kraken-coinbase-outages-bitcoin-price

Bitcoin News Roundup for Jan. 29, 2021

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With BTC shooting back up above $37K and a look into the aftermath of the GameStop moment, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-29-2021

Japan to Have Blockchain-Based Stock Exchange in 2022

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The exchange reportedly planned by SBI and SMFG is expected to be the first of its kind in Japan.

via CoinDesk https://www.coindesk.com/japan-to-have-blockchain-based-stock-exchange-in-2022

First Mover: Elon Musk #Bitcoin Moment Adds to Dogecoin, GameStop Wackiness

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The GameStop-galvanized "bear raid" by retail stock traders appears to have terrified Wall Street, but crypto-industry marketeers are salivating over the prospect of new customer leads and more demand.

via CoinDesk https://www.coindesk.com/first-mover-elon-musk-bitcoin-dogecoin-gamestop

Portfolio App Blockfolio Adds Crypto, Stock Trading to Capitalize on GameStop Drama

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The app offers trading of crypto assets as well as tokenized stocks listed on derivatives exchange FTX.

via CoinDesk https://www.coindesk.com/porfolio-app-blockfolio-crypto-stock-trading

Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation of $387M in Shorts

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The shorts were liquidated after Elon Musk added "Bitcoin" to his Twitter bio and prices rose by over 15%.

via CoinDesk https://www.coindesk.com/elon-musk-prompted-bitcoin-price-surge-causes-liquidation-of-387m-in-shorts

Robinhood Limits Cryptocurrency Trading Citing ‘Extraordinary Market Conditions’

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Users still have some crypto trading functionality, per a Friday report from CNBC.

via CoinDesk https://www.coindesk.com/robinhood-limits-cryptocurrency-trading-bitcoin-price-cnbc

FTX Exchange Lists WallStreetBets Futures to Capitalize on Investing Movement

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The futures contract is based on a basket of stocks being targeted by WallStreetBets and dogecoin.

via CoinDesk https://www.coindesk.com/wall-street-bets-futures-dogecoin-ftx

Gemini Survey Finds Over 40% of UK Crypto Investors Are Women

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The survey data shows that cryptocurrency investing is becoming more diverse, said Gemini in its new trends report.

via CoinDesk https://www.coindesk.com/gemini-exchange-survey-uk-crypto-investors-women

Dogecoin Becomes Most Mentioned Crypto on Twitter Ever as Price Soars

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Tweet volume for the shiba inu-themed cryptocurrency surpassed previous records for bitcoin, according to TheTIE.

via CoinDesk https://www.coindesk.com/dogecoin-becomes-most-mentioned-crypto-on-twitter-ever-as-price-soars

Bitcoin Surges to $37K After Elon Musk Adds Crypto to Twitter Bio

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Is Musk just teasing the crypto community again?

via CoinDesk https://www.coindesk.com/bitcoin-surges-to-37k-after-elon-musk-adds-crypto-to-twitter-bio

Robinhood CEO: We Weren’t ‘Forced’ to Limit Stock Buying Amid Reddit-Driven Surge

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Robinhood's CEO said the platform's decision to halt buy orders on GME, NOK and AMC was based on a "technical and operational" one, not outside pressure.

via CoinDesk https://www.coindesk.com/robinhood-ceo-protect-firm-limit-buy-orders

Thursday 28 January 2021

Retail Traders Sue Robinhood Over Meme Stock Restrictions

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Robinhood faces suits in Chicago in New York just hours after it's GME buy freeze.

via CoinDesk https://www.coindesk.com/retail-traders-sue-robinhood-meme-stock-restrictions

China, Singapore Look Ahead to CBDC Future at World Economic Forum

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A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.

via CoinDesk https://www.coindesk.com/china-singapore-look-ahead-to-cbdc-future-at-world-economic-forum

Longtime Bitcoin Developer Jonas Schnelli Receives Open-Source Grant

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Jonas Schnelli joins other Bitcoin developers who are sponsored by high-caliber Bitcoin companies.

via CoinDesk https://www.coindesk.com/bitcoin-developer-jonas-schnelli-open-source-development-grant

Blockchain Bites: DOGE Chases After GameStop, Guggenheim Doubts $30K Bitcoin

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Following a tweet from “WSB Chairman" inquiring about the meme cryptocurrency dogecoin prices went haywire.

via CoinDesk https://www.coindesk.com/doge-gamestop-guggenheim-bitcoin

OCC Halts Fair Access Banking Rule

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The rule would have prohibited US banks from denying services based on ideological factors.

via CoinDesk https://www.coindesk.com/occ-halts-fair-access-banking-rule

Bitcoin Rebounds From Early Losses, Markets Still Distracted by GameStop

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GameStop's stock drama has had a galvanizing effect on stocks, bitcoin and even dogecoin.

via CoinDesk https://www.coindesk.com/bitcoin-rebounds-markets-distracted-gamestop

Inside Iran’s Onslaught on Bitcoin Mining

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Iran has been clamping down on mining farms, but it also wants to use crypto mining to boost the sanctioned nation's revenue stream.

via CoinDesk https://www.coindesk.com/inside-irans-onslaught-on-bitcoin-mining

Who Let the DOGE Out? Meme-Based Cryptocurrency Soars 250% to Record High

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A large chunk of the gains had retraced by mid morning, however.

via CoinDesk https://www.coindesk.com/dogecoin-price-record-high

Bitcoin News Roundup for Jan. 28, 2021

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With digital-market traders taking GameStop’s stock gyrations as a moment for self-reflection, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-28-2021

Dalio Expects to Soon Offer Alt-Cash Fund, Says ‘Bitcoin Won’t Escape Our Scrutiny’

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"Bitcoin looks like a long-duration option on a highly unknown future that I could put an amount of money in that I wouldn’t mind losing about 80% of," Dalio said.

via CoinDesk https://www.coindesk.com/dalio-expects-to-soon-offer-alt-cash-fund-says-bitcoin-wont-escape-our-scrutiny

Prime Trust, tZERO Partner on Digital Asset Custody, Trading

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The integration will enable Prime Trust to manage the custody of digital securities and cryptocurrencies for its customers using tZERO for trading.

via CoinDesk https://www.coindesk.com/prime-trust-tzero-partner-on-digital-asset-custody-trading

Scarcity Gives Bitcoin Value, but Not the Way You Think

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Bitcoin is "scarce" (and therefore valuable) when demand for it exceeds the available supply, not because of its 21 million hard cap, says our columnist.

via CoinDesk https://www.coindesk.com/scarcity-bitcoin-not-how-you-think

WallStreetBets Reddit Group: What Is It?

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How an army of amateur traders from the WallStreetBets Reddit channel is turning the tables on traditional investors.

via CoinDesk https://www.coindesk.com/wallstreetbets-reddit-group

First Mover: Crypto Gawks at GameStop, Sees Shades of Self

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Digital-market traders found amusement in the GameStop saga. They also saw an opportunity for self-reflection. Here's what Niall Ferguson, Caitlin Long, Mati Greenspan and Jonathan Mohan said.

via CoinDesk https://www.coindesk.com/first-mover-crypto-gamestop-bitcoin-dogecoin

Europol, Spanish Police Bust Alleged Scam Posing as Crypto Investment Training Firm

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Europol worked with Spain’s Civil Guard and Catalan police to arrest six suspects aged in connection with the scheme.

via CoinDesk https://www.coindesk.com/europol-spanish-police-bust-alleged-scam-posing-as-crypto-investment-training-firm

Algorand Teams Up With Crypto Custodian Curv for ‘Trusted DeFi’

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The firms aim to build technology that "appeals to traditional institutions, payment providers [and] governments."

via CoinDesk https://www.coindesk.com/algorand-teams-up-with-crypto-custodian-curv-for-trusted-defi

Hard-Hit Argentinian Farmers May Get Boost From Trading Platform for Tokenized Produce

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Farm assets like soybeans will be tokenized on a platform from CoreLedger for trading against other assets like cattle or fiat currency.

via CoinDesk https://www.coindesk.com/hard-hit-argentinian-farmers-may-get-boost-from-trading-platform-for-tokenized-produce

‘The Squeezening’: How the Gamestop Backlash will Curtail Freedom

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Gamestop's "squeezening" is likely to increase calls for curbs on "memetic disturbances." That could be dangerous for free speech.

via CoinDesk https://www.coindesk.com/gamestop-backlash-will-curtail-freedom

Digital Asset Manager Grayscale Eyes DeFi Space With New Trust Filings

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Trusts for aave, cosmos and polkadot, as well as privacy coin monero and cardano, have been registered in Delaware.

via CoinDesk https://www.coindesk.com/digital-asset-manager-grayscale-eyes-defi-space-with-new-trust-filings

WallStreetBets Fever Hits Dogecoin, Price Soars 142% After Twitter Mention

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A Twitter account not officially affiliated to WallStreetBets prompted DOGE's latest social media-based price boost.

via CoinDesk https://www.coindesk.com/wallstreetbets-fever-hits-dogecoin-price-soars-142-after-twitter-mention

Australian Crypto Exchange to Delist BSV Over ‘Bullying’ Threat to Bitcoin Developers

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The exchange's CEO said "Recent talk of legal action against developers working to improve the Bitcoin ecosystem proved to be the final straw."

via CoinDesk https://www.coindesk.com/australian-crypto-exchange-to-delist-bsv-over-bullying-threat-to-bitcoin-developers

Guggenheim CIO Says Institutional Demand Not There to Sustain Bitcoin Above $30K

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Scott Minerd said he doesn't believe bitcoin's investor base is "big enough" or "deep enough" to keep price at current levels.

via CoinDesk https://www.coindesk.com/guggenheim-minerd-bitcoin-institutional-demand-price

Wednesday 27 January 2021

Mark Cuban on Bitcoin, NFTs and What Comes Next: ‘The Upside Is Truly Unlimited’

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"You can sell anything digital using NFT," says the Dallas Mavericks owner. "We can sell virtual Mavs gear, sneakers, art, pictures, videos, experiences, anything our imagination can come up with."

via CoinDesk https://www.coindesk.com/mark-cuban-bitcoin-nfts-blockchain-dallas-mavericks

Bitcoin Doesn’t Care About Your Politics: Why Bitcoin Has More Ideological Flexibility Than We Think

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NLW is joined by three philosophy professors for a discussion of bitcoin, ethics and politics.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-politics-philosophy-ideological-flexibility

Decentralized Finance’s UNI Token Jumps 92% in One Week, Passes $15

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Uniswap's UNI token has nearly doubled its price in 7 days. The decentralized exchange is seeing volumes higher than last summer, too.

via CoinDesk https://www.coindesk.com/defis-uni-token-soars-92-in-one-week-passes-15

Reddit Joins With Ethereum Foundation to Build Scaling Tools

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The social media firm will dedicate developer resources to support scaling efforts for Ethereum.

via CoinDesk https://www.coindesk.com/reddit-joins-with-ethereum-foundation-to-build-scaling-tools

Federal Reserve Holds Rates, Asset Purchases Steady as Economic Activity Moderates

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The U.S. central bank said interest rates will remain close to zero.

via CoinDesk https://www.coindesk.com/federal-reserve-holds-rates-asset-purchases-steady-as-economic-activity-moderates

Miami Uploads Bitcoin White Paper to Municipal Website

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Mayor Suarez once again pledged to turn Miami into a "hub for crypto innovation."

via CoinDesk https://www.coindesk.com/miami-bitcoin-white-paper

GameStop-Style Revolts Spread, Prompting Halt by TD Ameritrade, Nasdaq Monitoring

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Nasdaq and TD Ameritrade are taking a mob of Reddit traders head on.

via CoinDesk https://www.coindesk.com/gamestop-equity-markets-trading-halted-nasdaq

Blockchain Bites: Scaramucci on GameStop and Bitcoin; Why Flamingo DAO Dropped $762K on an NFT

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Anthony Scaramucci sees recent GameStop price action as proving Bitcoin's larger thesis of decentralizing and democratizing finance.

via CoinDesk https://www.coindesk.com/scaramucci-gamestop-bitcoin-dao-nft

The Bitcoin Paradox

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Bitcoin may not be a financial bubble. But, when Bitcoiners reject inconvenient information, it is an epistemic bubble.

via CoinDesk https://www.coindesk.com/the-bitcoin-paradox

Bitcoin News Roundup for Jan. 27, 2021

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With BTC breaking below $30K and the tether (USDT) saga gaining fresh attention, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-for-jan-27-2021

Former Bitspark CEO George Harrap Joins Crypto PR Firm as Head of DeFi

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"I've been around crypto for a decade now and DeFi has me as excited as when I mined my first bitcoin," Harrap told CoinDesk.

via CoinDesk https://www.coindesk.com/former-bitspark-ceo-george-harrap-joins-crypto-pr-firm-as-head-of-defi

Silver Lake Co-Founder Tells Davos Cash Is Used Far More in Crime Than Bitcoin

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Glenn Hutchins said up to 90% of $100 bills are "used for organized crime and tax evasion."

via CoinDesk https://www.coindesk.com/silver-lake-co-founder-tells-davos-cash-is-used-far-more-in-crime-than-bitcoin

South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse

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“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.

via CoinDesk https://www.coindesk.com/south-african-regulator-seeks-more-crypto-powers-after-alleged-ponzis-collapse

First Mover: Risks Nobody’s Ever Seen, From the Fed to Tether (and GameStop)

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Risks surrounding tether have been known for years, but they're commanding fresh attention as the amount outstanding swells to $25B.

via CoinDesk https://www.coindesk.com/first-mover-risks-from-fed-to-tether-gamestop

Crypto Exchange 2gether Says It Can’t Fully Reimburse 9% of Users After 2020 Hack

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After a successful fundraising effort, the company said it can now reimburse most, but not all users.

via CoinDesk https://www.coindesk.com/crypto-exchange-2gether-says-it-cant-fully-reimburse-9-of-users-after-2020-hack

‘Pomp’ Launches Crypto Jobs Board With Gemini, Coinbase and BlockFi

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Morgan Creek’s Anthony Pompliano aims to list 10,000 openings by the end of the year.

via CoinDesk https://www.coindesk.com/pomp-launches-crypto-jobs-board-with-gemini-coinbase-and-blockfi

Bitcoin Drops, Dollar Bounces Ahead of Federal Reserve Rate Announcement

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Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.

via CoinDesk https://www.coindesk.com/bitcoin-drops-dollar-bounces-ahead-of-federal-reserve-rate-announcement

Valid Points: What to Expect When Ethereum 2.0 Undergoes Its First ‘Hard Fork’

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Here's what the impending Eth 2.0 hard fork means, and why Ethereum devs are still debating the “Ice Age.”

via CoinDesk https://www.coindesk.com/eth-2-0-first-hard-fork-coming-valid-points

Lawsuit Against Israeli Crypto Entrepreneur Moshe Hegog Fails in US Court

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A Washington judge threw out the lawsuit after the plaintiff failed to make a case.

via CoinDesk https://www.coindesk.com/lawsuit-against-israeli-crypto-entrepreneur-moshe-hegog-fails-in-us-court

American Cancer Society Launches $1M Cryptocurrency Fund

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The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund

via CoinDesk https://www.coindesk.com/american-cancer-society-launches-1m-cryptocurrency-fund

GameStop Investing Craze ‘Proof of Concept’ for Bitcoin Success, Says Scaramucci

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A campaign by members of a Reddit investor forum have caused GameStop stock to spike to record levels in the last week.

via CoinDesk https://www.coindesk.com/gamestop-investing-craze-proof-of-concept-for-bitcoin-success-says-scaramucci

US Man Sentenced to Prison for Embezzling $20M of ICO Investors’ Funds

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San Francisco-based Jerry Guo represented himself to clients as an ICO consultant, then embezzled funds now worth over $20 million.

via CoinDesk https://www.coindesk.com/guo-prison-ico-fraud-4-4m

EY’s Paul Brody Expects Consumer DeFi Ignition in 2021

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Welcome to the world of boomer DeFi.

via CoinDesk https://www.coindesk.com/ey-blockchain-paul-brody-consumer-defi-prediction

Tuesday 26 January 2021

Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises to About $2T

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"The flood of demand has to be satisfied" for the SEC to feel comfortable with a bitcoin ETF, said Wood.

via CoinDesk https://www.coindesk.com/cathie-wood-bitcoin-etf

Union Square Ventures to Allocate 30% of New $250M Fund to Crypto-Related Investments

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Planned investments "will include holding tokens directly as well as equity in early-stage blockchain-related projects."

via CoinDesk https://www.coindesk.com/union-square-ventures-to-allocate-30-of-new-250m-fund-on-crypto-related-investments

Colombia, Estonia Upload the Bitcoin White Paper to Their Governmental Websites

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More sites are hosting Bitcoin's founding white paper since Craig Wright's threatened copyright infringement lawsuit.

via CoinDesk https://www.coindesk.com/colombia-estonia-bitcoin-whitepaper

‘Coin Signals’ Trader Arrested on $5M Crypto Fund Fraud Charges

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24-year-old Jeremy Spence bilked his investors of $5 million, according to a criminal complaint.

via CoinDesk https://www.coindesk.com/coin-signals-arrested-crypto-fraud

Blockchain Bites: Universities Are Gaining Bitcoin Exposure as Institutional ETH Appetite Grows

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Meanwhile, BoE Governor Andrew Bailey said crypto qua crypto fails as currency qua currency, though dissidents like Alexey Navalny might disagree.

via CoinDesk https://www.coindesk.com/blockchain-bites-universities-are-gaining-bitcoin-exposure-as-institutional-eth-appetite-grows

What Tether Means When It Says It’s ‘Regulated’

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Representatives say the $25B stablecoin is "regulated" but the issuer doesn't look like a financial institution bound by norms and laws.

via CoinDesk https://www.coindesk.com/what-tether-means-when-it-says-its-regulated

Bitcoin News Roundup for Jan. 26, 2021

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With bitcoin hovering around $32K for a fourth straight day and top Ivy League universities said to be accumulating crypto, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-26-2021

State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy

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Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.

via CoinDesk https://www.coindesk.com/trump-presidency-crypto-legacy

Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

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Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.

via CoinDesk https://www.coindesk.com/bitmain-co-founders-exit-resolves-years-long-power-struggle-as-mining-firm-preps-ipo

Questions About Tether Just Won’t Go Away. Does the Crypto Market Care?

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Is the price of bitcoin and other cryptocurrencies inflated because the backing of tether may not be as strong as people think it is?

via CoinDesk https://www.coindesk.com/questions-about-tether-just-wont-go-away-does-the-crypto-market-care

Secure Messaging App Signal Reportedly Toying With Crypto Payments

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Staff at the firm are said to be worried the addition would bring bad actors and unwanted regulatory attention.

via CoinDesk https://www.coindesk.com/secure-messaging-app-signal-reportedly-toying-with-crypto-payments

Big Guns Back $10M Investment in DeFi’s dYdX

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The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz and Polychain Capital.

via CoinDesk https://www.coindesk.com/big-guns-back-10m-investment-in-defis-dydx

Galaxy, Coinbase Bet $25M on DeFi Using Terra Stablecoins

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The backing will help Terraform Labs build more apps on its Tendermint-based blockchain.

via CoinDesk https://www.coindesk.com/galaxy-coinbase-bet-25m-on-defi-using-terra-stablecoins

First Mover: The Smart Money (Literally) Buying Crypto as Harvard Said to Be Holding

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The brain trust has blessed cryptocurrencies, with endowments for Harvard and other universities reportedly lapping up digital assets. For bitcoin marketeers, it's a new $600B money pot.

via CoinDesk https://www.coindesk.com/first-mover-smart-money-crypto-harvard

FinCEN Further Extends Comment Period for Controversial Crypto Rules

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The Financial Crimes Enforcement Network (FinCEN) is further extending a comment period for a controversial proposed rule that would require crypto exchanges to gather and store counterparty information for transactions to unhosted wallets. FinCEN announced the move Tuesday, saying all comments are due 60 days after the change is submitted to the Federal Register, the […]

via CoinDesk https://www.coindesk.com/fincen-further-extends-comment-period-for-controversial-crypto-rules

Traditional Lenders Extended Millions in Loans to the Crypto Space Through Genesis in Q4

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The average loan size for a first-time lender on the platform is $3.2 million, Genesis said.

via CoinDesk https://www.coindesk.com/traditional-lenders-extended-millions-in-loans-to-the-crypto-space-through-genesis-in-q4

Stellar Development Foundation Invests $5M in Crypto Payments Firm Wyre

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A Wyre integration will introduce a variety of APIs that can be used by financial apps on the Stellar network.

via CoinDesk https://www.coindesk.com/stellar-development-foundation-invests-5m-in-crypto-payments-firm-wyre

US Man Installs Crypto Mining Rig in Hybrid BMW Sportscar

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While it can be powered by the hybrid car's battery, the boot needs to stay open to avoid overheating.

via CoinDesk https://www.coindesk.com/us-man-installs-crypto-mining-rig-in-hybrid-bmw-sportscar

South Korean Tax Agency Carries out Irregular Audit on Crypto Exchange Operator

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The team of investigators requested past data and transaction details from Korea Digital Exchange.

via CoinDesk https://www.coindesk.com/south-korean-tax-agency-carries-out-irregular-audit-on-crypto-exchange-operator

Overstock Turns Medici Ventures Into a Fund to Reap Value of Blockchain Assets

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“We remain bullish on blockchain technology but are changing the way we interact with these asset," said CEO Jonathan Johnson.

via CoinDesk https://www.coindesk.com/overstock-turns-medici-ventures-into-a-fund-to-reap-value-of-blockchain-assets

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

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New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.

via CoinDesk https://www.coindesk.com/philippines-issues-crypto-industry-guidelines-to-guard-against-money-laundering

Gemini Exchange Adds Local Currency, DeFi Tokens in Singapore Expansion

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The exchange has increased the trading options for Singapore users, including several DeFi tokens.

via CoinDesk https://www.coindesk.com/gemini-exchange-adds-local-currency-defi-tokens-in-singapore-expansion

What Is Guggenheim Partners?

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Guggenheim Partners is part of the next wave of institutional investment firms looking to step into Bitcoin.

via CoinDesk https://www.coindesk.com/guggenheim-partners

Senate Confirms Janet Yellen as US Treasury Secretary

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Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.

via CoinDesk https://www.coindesk.com/janet-yellen-confirmed

Monday 25 January 2021

We Have Entered the Age of Anonymous Crypto

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Spurred by an information crisis and compounding global unrest, privacy has entered public consciousness.

via CoinDesk https://www.coindesk.com/age-anonymous-crypto

The Bitcoin Whales Won’t Stop Buying

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According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-whales-wont-stop-buying

Large Bitcoin Options Positions May Boost Price Volatility This Week

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As long as these options remain open in the market, the next couple of days could be volatile for bitcoin.

via CoinDesk https://www.coindesk.com/bitcoin-options-volatility-january-expiration

Gaming Company The9 Agrees to Buy 26,000 Bitcoin Mining Machines

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The company says a "majority" of the ASICs are already deployed.

via CoinDesk https://www.coindesk.com/the9-bitcoin-mining-china

Bank of England Governor Insists Digital Payments (but Not Crypto) Are Sticking Around

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BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency.

via CoinDesk https://www.coindesk.com/andrew-bailey-fiat-crypto-davos

The Future of Money in the Multiverse

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It's 2028 and central banks, Big Tech companies and the "deplatformed" are establishing their own worlds of digital money.

via CoinDesk https://www.coindesk.com/future-of-money-multiverse

Blockchain Bites: ETH Pumps, Coins Leave Exchanges

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With ether whales and small holders rising, some analysts are speculating about a potential ETH supply crunch.

via CoinDesk https://www.coindesk.com/blockchain-bites-eth-pumps-coins-leave-exchanges

Vietnam’s Oldest Bitcoin Exchange Adds Support for Lightning Network

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With VBT's integration, the Lightning Network now has support from half a dozen Bitcoin exchanges.

via CoinDesk https://www.coindesk.com/vietnam-bitcoin-exchange-lightning-network

Bitcoin News Roundup for Jan. 25, 2021

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With bitcoin bouncing and ether hitting a new all-time high, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-25-2021-2

CFTC Attorney Who Let Regulators Trade Crypto Joins Private Law Firm

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Daniel Davis oversaw the CFTC’s legal division while he was at the agency, including administrative actions.

via CoinDesk https://www.coindesk.com/cftc-attorney-who-let-regulators-trade-crypto-joins-private-law-firm

New Regulators in Town: What’s Next for Crypto in DC [Borderless, EP.5]

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In this episode, Anna Baydakova, Tanzeel Akhtar and Nik De discuss to expect from U.S. President Joe Biden’s administration regarding crypto, how QuadrigaCX users are doing and trying to predict the future for Ripple.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/biden-administration-regulations-crypto-quadrigacx-ripple

Grayscale Donating up to $2M to Crypto Advocacy Group Coin Center

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A web page has been set up for the donation matching campaign that runs through February.

via CoinDesk https://www.coindesk.com/grayscale-donating-up-to-2m-to-crypto-advocacy-group-coin-center

Collateralized Debt Obligations Make Their Way Into DeFi Lending

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The future of finance apparently involves Wall Street’s ghosts.

via CoinDesk https://www.coindesk.com/collateralized-debt-obligations-cdos-defi-lending

First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum Hits New All-Time High

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Last week's rout in bitcoin market looks like "weak hands" selling out – since bidders appeared to materialize whenever prices fell to $30K.

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-weak-ethereum-all-time-high

Bank of Singapore Says Crypto Could Replace Gold as Store of Value

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Cryptocurrencies need to overcome a number of hurdles first, though, according to a research note.

via CoinDesk https://www.coindesk.com/bank-of-singapore-says-crypto-could-replace-gold-as-store-of-value

Ethereum-Based ConsenSys Quorum Partners with China’s BSN Blockchain

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The first partnership for Quorum since leaving JPMorgan is a big one.

via CoinDesk https://www.coindesk.com/ethereum-based-consensys-quorum-partners-with-chinas-bsn-blockchain

Crypto Miner Marathon Patent Group Buys $150M in Bitcoin

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The Nasdaq-listed mining company wants to become a "pure-play bitcoin investment option" for Wall Street.

via CoinDesk https://www.coindesk.com/miner-marathon-buys-bitcoin-investment

Two Arrested for Orchestrating Escape of Wirecard Exec Accused of Fraud

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The collapsed financial firm had previously supplied cards to several cryptocurrency companies.

via CoinDesk https://www.coindesk.com/two-arrested-for-orchestrating-escape-of-wirecard-exec-accused-of-fraud

Shariah-Compliant Crypto Exchange Wins License From Bahrain Central Bank

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Launching soon, CoinMENA said it will offer spot trading in five major cryptocurrencies.

via CoinDesk https://www.coindesk.com/shariah-compliant-crypto-exchange-wins-license-from-bahrain-central-bank

Big Investors Stacked up Ether as Price Rose to Record High

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Strong hands backed ether's rally to record highs, on-chain data suggests.

via CoinDesk https://www.coindesk.com/big-investors-stacked-up-ether-as-price-rose-to-record-high

Russian Public Officials Banned From Holding Cryptocurrency

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Russian government officials must dispose of any digital asset holdings before April 1, a letter from the Ministry of Labor states.

via CoinDesk https://www.coindesk.com/russian-public-officials-banned-crypto-holdings

Former UK Cybersecurity Chief Says Laws Needed to Stop Ransomware Pay Outs

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“People are paying bitcoin to criminals and claiming back cash” via insurance claims, Ciaran Martin said.

via CoinDesk https://www.coindesk.com/former-uk-cybersecurity-chief-says-laws-needed-to-stop-ransomware-pay-outs

Sunday 24 January 2021

Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Above $1,450

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The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday.

via CoinDesk https://www.coindesk.com/ethereums-ether-cryptocurrency-sets-new-all-time-price-high-above-1450

Crypto Long & Short: No, Bitcoin Was Not a Response to the Financial Crisis

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In spite of the timing, bitcoin wasn't created as a result of the 2008 crisis – and this misunderstanding matters.

via CoinDesk https://www.coindesk.com/bitcoin-financial-crisis

BOE’s Bailey, Western Union CEO Part of Davos Panel on Digital Currencies

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The session will focus on the diminishing role of cash and the emergence of central bank digital currencies, moves accelerated by the pandemic.

via CoinDesk https://www.coindesk.com/boes-bailey-western-union-ceo-part-of-davos-panel-on-digital-currencies

Famed Investor Bill Miller Explains Buying MicroStrategy Debt: It’s the Bitcoin

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"Not owning any Bitcoin has been a massive mistake, and we expect that will continue to be true," the famed value investor wrote to clients.

via CoinDesk https://www.coindesk.com/bill-miller-explains-buying-microstrategy-debt-its-the-bitcoin

A Reading of Satoshi’s Bitcoin White Paper

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The document that started it all, in audio form.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/satoshi-bitcoin-white-paper-reading

Chainlink’s LINK Cryptocurrency Hits New Record Price High

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The cryptocurrency is now up 105% since Jan. 1, 2021.

via CoinDesk https://www.coindesk.com/chainlinks-link-cryptocurrency-hits-new-record-price-high

Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

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The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report.

via CoinDesk https://www.coindesk.com/beijing-shanghai-back-wider-testing-of-digital-yuan-in-2021

Saturday 23 January 2021

Early CryptoPunk Digital Collectible Sells for $762K in Ether

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Flamingo, a DAO for NFT investments, bought the ultra-rare “Alien” in a Saturday auction.

via CoinDesk https://www.coindesk.com/early-cryptopunk-digital-collectible-sells-for-762k-in-ether

Valkyrie Digital Assets Files for Bitcoin ETF

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The Valkyrie Bitcoin Trust would be listed on the NYSE and Coinbase Custody Trust Co. would serve as custodian.

via CoinDesk https://www.coindesk.com/valkyrie-digital-assets-files-for-bitcoin-etf

Another Pro-Crypto Appointment in the Biden Administration?

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Reports are that Chris Brummer – author of a volume on crypto assets and frequent speaker on digital currencies – will chair the CFTC.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/pro-crypto-appointment-biden-chris-brummer

Friday 22 January 2021

Bitcoin Exchange LVL Launches Mastercard Debit Card

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The card can be used to spend crypto and fiat around the world.

via CoinDesk https://www.coindesk.com/bitcoin-exchange-lvl-launches-mastercard-debit-card

Samsung Discussing $10B Chipmaking Facility in Texas: Bloomberg

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Samsung plans for its foundry to manufacture 3nm chips.

via CoinDesk https://www.coindesk.com/samsung-texas-foundry-bitcoin-mining

At Least One Key Huobi Executive Is In Custody in China: Sources

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The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.

via CoinDesk https://www.coindesk.com/huobi-executive-otc-custody

Bitcoin News Roundup for Jan. 22, 2021

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With bitcoin back above $30K and analysts calling for a deeper correction, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-22-2021

Singapore Exchange, Temasek Launch Digital Asset Business for Capital Markets

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The new venture seeks to partner with fixed income issuance platforms for their post-trade infrastructure.

via CoinDesk https://www.coindesk.com/singapore-exchange-temasek-launch-digital-asset-business-for-capital-markets

Ethereum’s Road to $2K: 3 Reasons to Be Bullish

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Ether recently broke above $1,400 for the first time in two years. Here are three events that could push the price even higher.

via CoinDesk https://www.coindesk.com/ethereum-price-to-2k-3-reasons

Russia’s Sber Bank Files to Launch Its Own Stablecoin

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Russia's largest retail bank has applied to become a licensed digital assets issuer.

via CoinDesk https://www.coindesk.com/russia-sber-bank-launch-crypto-token

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

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The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

via CoinDesk https://www.coindesk.com/bis-plans-platform-for-testing-central-bank-digital-currencies-in-cross-border-payments

MicroStrategy Buys the Dip, Adds $10M to Bitcoin Treasury

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CEO Michael Saylor bought the coins for an average price of $31,808.

via CoinDesk https://www.coindesk.com/microstrategy-buys-the-dip-adds-10m-to-bitcoin-treasury

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD

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A mixture of bearish price-chart patterns and ill-understood news items combined to cause bitcoin's biggest price plunge since March, in a demonstration to market newcomers of the cryptocurrency's notorious volatility.    

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-newbies-volatility-lesson

Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

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"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.

via CoinDesk https://www.coindesk.com/tether-bank-deltec-stablecoin-reserves

OKCoin to Integrate Bitcoin’s Lightning Network in Q1

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The feature, added to alleviate fee pressure during Bitcoin’s bull market, could be live within a month's time.

via CoinDesk https://www.coindesk.com/okcoin-bitcoin-lightning-network-q1

Social Networks Are the Next Big Decentralization Opportunity

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We have the core tech to enable radically more ethical and beneficial social media networks. Here's what we'll need.

via CoinDesk https://www.coindesk.com/decentralized-social-networks-next-big-blockchain-opportunity

Hut 8 Completes $11.8M Financing for New Bitcoin Mining Machines

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The new machines will add 475 PH/s to Hut 8's hash power.

via CoinDesk https://www.coindesk.com/hut-8-microbt-foundry-loan-mining-asics

Grayscale May Have Laid Groundwork for 5 More Potential Crypto Trusts

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Trusts for Chainlink, Basic Attention Token, Decentraland, Livepeer and Tezos were all recently registered in Delaware.

via CoinDesk https://www.coindesk.com/grayscale-may-have-laid-groundwork-for-5-more-potential-crypto-trusts

Bitcoin Faces Further Losses Before Rally Restarts, Say Analysts

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Despite a bounce earlier on Friday, bitcoin may yet see further losses in the near term.

via CoinDesk https://www.coindesk.com/bitcoin-faces-further-losses-before-rally-restarts-say-analysts

Class Action Filed Against Listed Bitcoin Miner Bit Digital Over Fraud Allegations

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Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations.

via CoinDesk https://www.coindesk.com/class-action-listed-bitcoin-miner-bit-digital-fraud-allegations

30 Charged in Japan With Trading $96M-Worth of Crypto Stolen in Coincheck Hack

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The around 30 individuals are suspected to have traded cryptocurrency stolen during the $560 million exchange hack in 2018.

via CoinDesk https://www.coindesk.com/japan-charged-30-trading-hack-crypto-coincheck

Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police

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Komainu will be responsible for providing police across the U.K. with a more "robust" means to store cryptocurrencies.

via CoinDesk https://www.coindesk.com/komainu-uk-police-illegal-crypto

Thursday 21 January 2021

SEC Calls Out Suspicious Crypto Companies Targeting Global Traders

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The securities regulator added eight suspect crypto entities to its watchlist Thursday.

via CoinDesk https://www.coindesk.com/sec-adds-bogus-crypto-firms-watchlist

Bitcoin Breaks Below $30K, Erasing Almost All of 2021’s Gains

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Bitcoin gains in 2021 dropped below 1% as strong selling continues.

via CoinDesk https://www.coindesk.com/bitcoin-erases-2021-yearly-gains-selling-price-drop

Bitcoin Price Sees Largest Daily Loss in 10 Months

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Bitcoin ended Thursday down 13% amid continued selling.

via CoinDesk https://www.coindesk.com/bitcoin-price-largest-daily-drop-10-months-sell-off

Japan Rallies Behind XRP as Ripple Faces US Litigation

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Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.

via CoinDesk https://www.coindesk.com/japan-xrp-ripple-suit

Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says

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Bitcoin's correlation with traditional markets could "erode" its "diversification value over time."

via CoinDesk https://www.coindesk.com/bitcoin-price-jpmorgan-investment-risk-asset-leverage

Bitcoin Worries ‘Fading’ as Crypto Goes Mainstream, S&P Says

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S&P sees "a lot of similarities" between bitcoin and gold, and says concerns about theft of cryptocurrency have diminished with greater mainstream acceptance.

via CoinDesk https://www.coindesk.com/standard-poors-bitcoin-worries-fading

Bitcoin Slumps to $31K on Sell-Off in US and Europe

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Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.

via CoinDesk https://www.coindesk.com/bitcoin-slumps-31k-sell-off

Blockchain Bites: Crypto in the Red, BlackRock Green Lights Bitcoin Futures

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The world's largest asset manager will allow two of its funds to get into bitcoin futures, as Guggenheim speculates a market pullback in the near term.

via CoinDesk https://www.coindesk.com/crypto-blackrock-bitcoin-futures

Why Everyone From Square to Facebook Is Now Hosting the Bitcoin White Paper

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The uploads come in response to legal threats by Craig Wright.

via CoinDesk https://www.coindesk.com/why-everyone-from-square-to-facebook-is-now-hosting-the-bitcoin-white-paper

How Cultural Differences Drive User Adoption in DeFi

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Despite being virtually identical products at launch, SushiSwap and Uniswap have taken divergent paths as they respond to users, says Multicoin's principal.

via CoinDesk https://www.coindesk.com/cultural-differences-drive-user-adoption-in-defi

Bitcoin News Roundup for Jan. 21, 2021

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With bitcoin dropping as traders turn bearish, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-21-2021

Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M in Currency

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Lottery entrants can apply to win 200 digital yuan each.

via CoinDesk https://www.coindesk.com/chinese-city-plans-third-public-digital-yuan-test-giving-away-3m-in-prize-draw

Microsoft, India’s Tanla Launch Encrypted Messaging Infrastructure Built With Blockchain

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Microsoft and India-based cloud communications firm Tanla Platforms have launched a blockchain-based communications platform-as-a-service aimed to offer more private and secure messaging. Read more: Indian Users Almost 5 Times More Likely to Encounter Crypto Hacking: Microsoft Report

via CoinDesk https://www.coindesk.com/microsoft-indias-tanla-launch-encrypted-messaging-infrastructure-built-with-blockchain

Signature Bank Adds $2.5B in Non-Interest Bearing Deposits in Q4

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These deposits are seen as a proxy for growth among crypto-industry clients.

via CoinDesk https://www.coindesk.com/signature-bank-adds-2-5b-in-non-interest-bearing-deposits-in-q4

Trading Bitcoin in Africa Is a Way for Some to Escape Poverty

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Learning to trade bitcoin has become a valuable skill set for Africans looking to boost their income.

via CoinDesk https://www.coindesk.com/trading-bitcoin-escaping-poverty-africa-nigeria

Guggenheim CIO Says Bitcoin May Have Topped Out for Now

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Guggenheim Partners CIO says bitcoin could retrace all the way back to $20,000.

via CoinDesk https://www.coindesk.com/guggenheim-minerd-bitcoin-top

Kraken Adds 26 Crypto Trading Pairs to Capture Growing UK, Australia Markets

https://ift.tt/eA8V8J

Kraken's biggest-ever expansion of trading pairs is aimed at growing its presence in the two promising markets.

via CoinDesk https://www.coindesk.com/kraken-trading-pairs-cryptocurrency-australia-uk

eToro Survey Finds Pensions and Endowments Are Finally Waking Up to Crypto

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The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds.

via CoinDesk https://www.coindesk.com/etoro-survey-finds-pensions-and-endowments-are-finally-waking-up-to-crypto

Russian Court Takes Crypto Exchange Binance off Website Blacklist

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A court in the Arkhangelsk region ruled last summer Binance should be blocked, but the exchange wasn't notified until months later.

via CoinDesk https://www.coindesk.com/russian-court-takes-crypto-exchange-binance-off-website-blacklist

First Mover: As Bitcoin Flips Bearish, Neither Biden Nor BlackRock Brightens Mood

https://ift.tt/eA8V8J

There's a lot of long-term bulls in the bitcoin market. But in the short-term? Pretty much everyone has suddenly turned bearish.  

via CoinDesk https://www.coindesk.com/first-mover-bitcoin-bearish-biden-blackrock

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

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The majority of the new deposits came from cryptocurrency exchange clients.

via CoinDesk https://www.coindesk.com/silvergate-took-nearly-3b-in-deposits-from-digital-currency-customers-in-q4-2020

Nebraska Lawmaker Introduces Bills That Would Permit Banks to Custody Crypto

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Senator Mike Flood hopes to pass the bill in order to make Nebraska a financial technology hub and create new jobs.

via CoinDesk https://www.coindesk.com/nebraska-lawmaker-introduces-bills-that-would-permit-banks-to-custody-crypto

Bitcoin Option Traders Hedge Against Downside Risk as Price Dips to Near $32K

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Options traders look to be preparing for further falls in bitcoin's price in the short-term, according to put-call skew data.

via CoinDesk https://www.coindesk.com/bitcoin-option-traders-hedge-against-downside-risk-as-price-dips-to-near-32k

Bitcoin.org Rebuts Craig Wright’s ‘Meritless’ Copyright Claim on Bitcoin White Paper

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The open-source project said it would not comply with Wright's demand to take down its copy of the iconic founding document.

via CoinDesk https://www.coindesk.com/bitcoin-org-rebuts-craig-wrights-meritless-copyright-claim-on-bitcoin-white-paper

Wednesday 20 January 2021

Former Ripple Board Member Tapped to Lead Biden’s OCC: WSJ

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The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency.

via CoinDesk https://www.coindesk.com/former-ripple-board-member-tapped-to-lead-bidens-occ-wsj

Proposed Crypto Wallet Rule Among Those Frozen by Biden Pending Review

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President Joseph Biden has frozen all agency rulemaking, including former Treasury Secretary Steven Mnuchin’s controversial proposal on “unhosted wallets,” according to a prominent cryptocurrency lawyer. The story is developing and will be updated.

via CoinDesk https://www.coindesk.com/crypto-wallet-rule-among-those-frozen-by-biden-pending-review

‘Let’s Not Be Bitcoin’: Yearn Finance Considers Minting $200M in New YFI Tokens

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Turns out the "no inflation" meme may not be here to stay.

via CoinDesk https://www.coindesk.com/lets-not-be-bitcoin-yearn-considers-minting-200m-in-new-yfi-tokens

Bitcoin Sells Off on Bearish Sentiment, Yellen Worries

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The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.

via CoinDesk https://www.coindesk.com/bitcoin-sell-off-bearish-asia-yellen-biden-worries

The Relationship Between US Government Debt and Bitcoin, Explained

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Bitcoiners are looking for persistent USD inflation to validate their favorite asset. That’s unlikely to happen soon, economists say, but low interest rates are still a boon for BTC.

via CoinDesk https://www.coindesk.com/the-relationship-between-us-government-debt-and-bitcoin-explained

Bitcoin Miner Bit Digital Hits Back at ‘False Accusations’ of Fraud

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The company shed $130 million in value after J Capital’s report.

via CoinDesk https://www.coindesk.com/bit-digital-j-capital-fraud-report-claims-bitcoin-mining

BlackRock Gives 2 Funds Go-Ahead to Invest in Bitcoin Futures

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The world's largest asset manager appears to be getting into the bitcoin game.

via CoinDesk https://www.coindesk.com/blackrock-give-two-funds-go-ahead-to-invest-in-bitcoin-futures

Blockchain Bites: Bitcoin Bubble, Toil and Trouble

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Also: "Market professionals" think assets are overheating while Yellen voices concern over bitcoin.

via CoinDesk https://www.coindesk.com/bitcoin-bubble-toil-and-trouble

Dear Crypto Derivatives Industry, Let’s Not Repeat 2008

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As the crypto derivatives industry begins to take off, it needs to avoid the lack of transparency that plagued the industry in the 2000s, when the financial system collapsed.

via CoinDesk https://www.coindesk.com/crypto-derivatives-do-not-repeat-2008

Bitcoin News Roundup for Jan. 20, 2021

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With the price of BTC down and a new report out on the decrease in criminal crypto activity, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-20-2021-2

Ether’s Rise to Record Highs May Propel Cryptocurrency to $10.5K: Fundstrat Global

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Fundstrat strategist David Grider based his bullish prediction in part on the promise of Ethereum's technology.

via CoinDesk https://www.coindesk.com/ethers-rise-to-record-highs-may-propel-cryptocurrency-to-10-5k-fundstrat-global

Bitpanda Launches Debit Card That Lets Users Spend Fiat, Crypto and Precious Metals

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Users can select any investment in their Bitpanda account to fund payments with the physical Visa card.

via CoinDesk https://www.coindesk.com/bitpanda-launches-debit-card-that-lets-users-spend-fiat-crypto-and-precious-metals

Salesforce, Lime Execs Join Board of Polkadot-Inspired Cere Network

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Cere’s new board members don’t want a “half-assed approach” to enterprise blockchain.

via CoinDesk https://www.coindesk.com/salesforce-lime-execs-join-board-of-polkadot-inspired-cere-network

Privacy Coin Firo Currently Experiencing 51% Attack

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Users should not make transactions during this time.

via CoinDesk https://www.coindesk.com/privacy-coin-firo-currently-experiencing-51-attack

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time High

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The Ethereum blockchain is growing fast thanks to DeFi, and some traders say the ether cryptocurrency could notch further gains.

via CoinDesk https://www.coindesk.com/first-mover-whats-next-for-ethereum-cryptocurrency-all-time-high

Lightspeed, Pantera Join $20M Raise for Crypto Market Maker Wintermute

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The Series B will fund a push into Asia and the launch of a derivatives business.

via CoinDesk https://www.coindesk.com/lightspeed-pantera-join-20m-raise-for-crypto-market-maker-wintermute

Thai SEC Tells Bitkub Crypto Exchange to Improve Platform After Trading Outages

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The financial regulator ordered the Bitkub exchange to close and fix issues that caused several outages as prices spiked this month.

via CoinDesk https://www.coindesk.com/thai-sec-tells-bitkub-crypto-exchange-to-improve-platform-after-trading-outages

European Commission, ECB Unite to Consider Potential Pitfalls of the Digital Euro

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The digital euro project may get underway in mid-2021 after a period of reviewing any "policy, legal and technical questions" by the two institutions.

via CoinDesk https://www.coindesk.com/european-commission-ecb-unite-to-consider-potential-pitfalls-of-the-digital-euro

Valid Points: Why Ethereum 2.0 Shifts How Investors Value ETH

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The use case of ether has shifted with the launch of Ethereum 2.0. Here’s why that matters.

via CoinDesk https://www.coindesk.com/valid-points-ethereum-2-how-investors-value-eth

Bitcoin Falls 5% Despite Continued Accumulation by Investors

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Bitcoin fell from $36,000 to $34,000 Wednesday morning, despite continued buying from investors.

via CoinDesk https://www.coindesk.com/bitcoin-falls-5-despite-continued-accumulation-by-investors

Thai Stock Exchange Launching Digital Asset Trading in H2, Cryptos Excluded

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Listing cryptocurrencies could harm the stock exchange’s image and lose investor confidence, an executive said.

via CoinDesk https://www.coindesk.com/thai-stock-exchange-launching-digital-asset-trading-in-h2-cryptos-excluded

Over Half of Investors Think Bitcoin, Tesla Stock Are Biggest Bubbles: Deutsche Bank Survey

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While many respondents saw bitcoin as a major bubble, 25% believed it could double its price tag to north of $70,000 by the start of 2022.

via CoinDesk https://www.coindesk.com/over-half-of-investors-think-bitcoin-tesla-stock-are-biggest-bubbles-deutsche-bank-survey

BMW, Ford Advance Standard for ‘Tamper-Proof’ Blockchain Identities for Vehicles

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A new standard developed in a MOBI working group is aimed to tackle used car fraud with verified car histories.

via CoinDesk https://www.coindesk.com/bmw-ford-mobi-tamper-proof-blockchain-identities-vehicles

Trustee of Collapsed Exchange Moves to Resolve Crypto vs. Fiat Creditor Claims Tussle

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Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX.

via CoinDesk https://www.coindesk.com/trustee-of-collapsed-exchange-to-ask-court-to-resolve-crypto-vs-fiat-creditor-claims-tussle

Tuesday 19 January 2021

Trump Pardons Ripple Board Member Ken Kurson; Ulbricht, Snowden Not on List

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Silk Road’s Ross Ulbricht was not on the list of 143 individuals to receive clemency from the President, despite reports he was being considered.

via CoinDesk https://www.coindesk.com/trump-pardons-ripple-board-member-and-family-friend-ulbricht-not-on-list

Dan Larimer’s Departure Brings EOS Disappointments to the Fore

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Every company is eyeing bitcoin, including the one that launched EOS.

via CoinDesk https://www.coindesk.com/dan-larimers-departure-brings-eos-disappointments-to-the-fore

Market Wrap: Bitcoin Hangs at $36.4K While Ether Flies to Over $1.4K

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The price of bitcoin has traded in a tight range Tuesday.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-36-3k-ether-moons

Bitcoin Is Aiding the Ransomware Industry

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We are living in a world where the second-order effects of permissionless money – like the greater use of ransomware – are already evident.

via CoinDesk https://www.coindesk.com/bitcoin-is-aiding-the-ransomware-industry

Coinbase Buys Blockchain Infrastructure Startup Bison Trails

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Bison Trails already partnered with Coinbase through its custody service.

via CoinDesk https://www.coindesk.com/coinbase-buys-blockchain-infrastructure-startup-bison-trails

Goldman Sachs Can No Longer Dismiss Bitcoin

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According to a Goldman insider, the investment bank will leap into crypto custody soon.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/goldman-comes-to-bitcoin

Blockchain Bites: ‘Crowded’ Crypto Traders, Ether All-Time High, the Bitcoin Battery Proposal

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Bitcoin's environmental impact has become top focus for some critics as traders go "long BTC" and Dunamu reveals a “fear and greed” index.

via CoinDesk https://www.coindesk.com/crowded-crypto-ether-bitcoin-battery

Janet Yellen Says Cryptocurrencies Are a ‘Concern’ in Terrorist Financing

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The U.S. should examine how it can curtail the use of crypto for illicit financing, the former Fed Chair said.

via CoinDesk https://www.coindesk.com/janet-yellen-says-cryptocurrencies-are-a-concern-in-terrorist-financing

The US Can Make Bitcoin Mining Greener

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With companies like Square announcing environment-focused mining initiatives, the U.S. can take the lead in reducing bitcoin's carbon impact.

via CoinDesk https://www.coindesk.com/the-us-can-make-bitcoin-mining-greener

French Central Bank Trials Digital Currency for Interbank Settlement

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The pilot involved the settlement on a private blockchain of around €2 million.

via CoinDesk https://www.coindesk.com/french-central-bank-trials-digital-currency-for-interbank-settlement

Brave Becomes First Browser to Offer Native IPFS Integration

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IPFS integration gives Brave users easier access to the protocol while improving the overall resilience of the internet.

via CoinDesk https://www.coindesk.com/brave-browser-native-ipfs-integration-decentralized-web

Bitcoin News Roundup for Jan. 19, 2021

https://ift.tt/eA8V8J

With more traders betting on bitcoin than tech stocks and ether briefly reaching an all-time high, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-19-2021

Criminal Activity in Crypto Transactions Fell Sharply in 2020, Says Chainalysis

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Partly offsetting the positive trend is an explosion in ransomware attacks, which rose 311% from 2019.

via CoinDesk https://www.coindesk.com/criminal-activity-in-crypto-transactions-fell-sharply-in-2020-says-chainalysis

Saddle Raises $4.3M for Slippage-Free DeFi Trading

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Silicon Valley's Saddle is solving the stablecoin spread that currently dogs DeFi.

via CoinDesk https://www.coindesk.com/saddle-raises-4-3m-for-slippage-free-defi-trading

Extremism and Cryptocurrency: The Story Too Big to Ignore

https://ift.tt/eA8V8J

In this episode, Anna Baydakova, Danny Nelson, and Tanzeel Akhtar discuss livestreaming the insurrection on a blockchain, Iran taking the mining industry under control, and if Europe can regulate bitcoin.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/extremism-and-cryptocurrency-the-story-too-big-to-ignore

State of Crypto: What the Crypto World Should Watch for in the Biden Era

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The incoming president has already announced he would tap pro-crypto, pro-regulation Gary Gensler to lead the SEC, but a number of other names and issues remain outstanding.

via CoinDesk https://www.coindesk.com/biden-inauguration-cabinet-crypto-sec-cftc-occ

First Mover: Ether Steals Limelight With New All-Time High Price as Bitcoiners HODL

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Crypto traders shift focus to ether as second-largest cryptocurrency surges to new record price, but bitcoiners aren't going anywhere.

via CoinDesk https://www.coindesk.com/first-mover-ether-all-time-high-price-as-bitcoiners-hodl

Thieves Grab $451K in Cash From Hong Kong Crypto Trader

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The robbers lured a female cryptocurrency trader into an office and threatened her with a weapon, according to a report.

via CoinDesk https://www.coindesk.com/thieves-grab-451k-in-cash-from-hong-kong-crypto-trader

Ethereum’s Ether Cryptocurrency Sets New Price Record on Major Exchanges

https://ift.tt/eA8V8J

Ether (ETH) has broken its previous all-time high set in January 2018 with a rise to $1,439.

via CoinDesk https://www.coindesk.com/ethereums-ether-cryptocurrency-sets-new-price-record-on-major-exchanges

UK’s NHS Taps Blockchain Tech to Monitor Coronavirus Vaccine Cold Chain

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Hedera Hashgraph's blockchain platform will provide the health service with a tamperproof record of vaccine temperatures, the firm said.

via CoinDesk https://www.coindesk.com/uks-nhs-taps-blockchain-tech-to-monitor-coronavirus-vaccine-cold-chain

Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey

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Bank of America's January survey of fund managers indicated bitcoin is now seeing the most capital inflow.

via CoinDesk https://www.coindesk.com/bitcoin-becomes-most-crowded-trade-after-passing-long-tech-bank-of-america-survey

South Korea’s Dunamu Launches Bitcoin ‘Fear and Greed’ Index to Guide Traders

https://ift.tt/eA8V8J

The tool is aimed to help traders make better decisions based on market sentiment.

via CoinDesk https://www.coindesk.com/south-koreas-dunamu-launches-bitcoin-fear-and-greed-index-to-guide-traders

Enjin Coin Becomes First Gaming Cryptocurrency Whitelisted for Use in Japan

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ENJ has been given the official nod by the Japan Virtual Currency Exchange Association, a self-regulatory body.

via CoinDesk https://www.coindesk.com/enjin-coin-becomes-first-gaming-cryptocurrency-whitelisted-for-use-in-japan

Bitcoin’s Price Must Pass $40K to Halt Exodus of Traders: JPMorgan Analysts

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A bearish outlook may be triggered if bitcoin doesn't claw its way back over $40,000, the analysts said.

via CoinDesk https://www.coindesk.com/bitcoin-jpmorgan-grayscale-40k

India’s Largest Crypto Exchange Launches User-Friendly App, Eyes 50M New Users

https://ift.tt/eA8V8J

Aimed to appeal to crypto newcomers, CoinDCX Go allows users to trade smaller denominations of 14 of the industry's top assets.

via CoinDesk https://www.coindesk.com/india-coindcx-exchange-cryptocurrency

Monday 18 January 2021

CoinShares to Launch a Bitcoin ETP on SIX Swiss Exchange

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It joins several other ETP providers on the exchange, including ETC Group, with its own physically backed bitcoin product.

via CoinDesk https://www.coindesk.com/coinshares-launch-etp-six-swiss-exchange

Lyn Alden on Why the Dollar System No Longer Serves the US or the World

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At the end of an 80-year global debt supercycle, who benefits from having the U.S. dollar as the world’s reserve currency?

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/lyn-alden-dollar-system-not-working-for-anyone

Blockchain Bites: Goldman Sachs Investigates Crypto Custody, Solving the Blockchain ‘Trilemma’

https://ift.tt/eA8V8J

Also: Coinbase plans infrastructure updates to prevent outages during periods of volatility.

via CoinDesk https://www.coindesk.com/blockchain-bites-goldman-sachs-crypto-coinbase

Bitcoin News Roundup for Jan. 18, 2021

https://ift.tt/eA8V8J

With BTC hovering around $36,000 and Iran's government blaming miners for recent blackouts, CoinDesk’s Market’s Daily is back with the latest news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-for-jan-18-2021

Nvidia May Restart Production of Crypto Mining GPUs if Demand Sufficient

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Selling dedicated crypto cards would alleviate pressure on Nvidia's consumer models.

via CoinDesk https://www.coindesk.com/nvidia-may-restart-production-of-crypto-mining-gpus-if-demand-sufficient

Gary Gensler Confirmed as Joe Biden’s SEC Chair Pick

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Gary Gensler has taught courses about blockchain at MIT.

via CoinDesk https://www.coindesk.com/gary-gensler-confirmed-as-joe-bidens-sec-chair-pick

Huobi Global Connects to European Banking System via UK’s BCB Group

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The crypto exchange is partnering with BCB Group to get instant GBP and euro settlement for its customers.

via CoinDesk https://www.coindesk.com/huobi-global-connects-to-european-banking-system-via-uks-bcb-group

Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

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Stephen Harper said "the number of things that people use as reserves will expand," but the U.S. dollar will still retain its dominant role.

via CoinDesk https://www.coindesk.com/former-canada-prime-minister-stephen-harper-bitcoin-reserve-currency

Chainlink Hits Record High, Altcoins Rally Amid Bitcoin Consolidation

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Chainlink's LINK token set a new record price early on Monday, and other altcoins are seeing solid gains.

via CoinDesk https://www.coindesk.com/chainlink-hits-record-high-altcoins-rally-amid-bitcoin-consolidation

Livecoin Exchange Announces Closure After December Hack

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Following an alleged December breach, the trading platform now says it will close and repay users any remaining funds.

via CoinDesk https://www.coindesk.com/livecoin-exchange-announces-closure-after-december-hack

Australian Bitcoin Trader Takes Banks to Tribunal After Sudden Account Closures

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The trader had operated a registered digital currency exchange, but said he was unable to continue operating without banking services.

via CoinDesk https://www.coindesk.com/australian-bitcoin-trader-takes-banks-to-tribunal-after-sudden-account-closures

Publisher of ‘Infinite Fleet’ Game Kicks Off Token Offering With $1M Tether Investment

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The security token offering enables investors in select EU countries to share in future profits, Exordium says.

via CoinDesk https://www.coindesk.com/exordium-stokr-sto-tether

Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September

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Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September.

via CoinDesk https://www.coindesk.com/bitcoin-struggles-to-recover-after-biggest-weekly-price-loss-since-september

Coinbase Joins $6M Funding Round for Licensed Middle-East Exchange Rain Financial

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The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital.

via CoinDesk https://www.coindesk.com/coinbase-joins-6m-funding-round-for-licensed-middle-east-exchange-rain-financial

Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations

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The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate.

via CoinDesk https://www.coindesk.com/bitcoin-miners-seized-electricity-iran

Sunday 17 January 2021

Offline Travel App Maps.Me Raises $50M in Seed Funding Led by Alameda Research

https://ift.tt/eA8V8J

The funding will go toward the launch of a multi-currency wallet on Maps.me and enable a decentralized finance (DeFi) ecosystem.

via CoinDesk https://www.coindesk.com/travel-me-seed-funding-alameda-research

Crypto Long & Short: No, Bitcoin Is Not in a Bubble

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Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.

via CoinDesk https://www.coindesk.com/is-bitcoin-in-a-bubble

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency

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The BSN expects to complete integrations with a total of 30 public blockchains this year.

via CoinDesk https://www.coindesk.com/chinas-blockchain-based-service-network-to-integrate-central-bank-digital-currency

Grayscale Raises $700M+ in a Day, Its Largest Daily Asset Raise Ever

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In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles.

via CoinDesk https://www.coindesk.com/grayscale-raises-700m-in-a-day-its-largest-daily-asset-raise-ever

Ripple is Hiring Director of Engineering for RippleX Platform

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The planned new hire along with a recent expansion show Ripple does not seem deterred by legal troubles in the U.S.

via CoinDesk https://www.coindesk.com/ripple-is-hiring-director-of-engineering-for-ripplex-platform

Bitcoin’s Massive Swings Give Pause to CFOs Mulling Reserve Investment: Bloomberg

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Bitcoin’s 30% price correction was enough to give some CFOs second thoughts.

via CoinDesk https://www.coindesk.com/bitcoins-massive-swings-give-pause-to-cfos-mulling-reserve-investment-bloomberg

Coinbase Redoing Infrastructure to Prevent Outages During Peak Times

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The exchange also said it's working to improve its customer service response time, another source of complaints.

via CoinDesk https://www.coindesk.com/coinbase-redoing-infrastructure-to-prevent-outages-during-peak-times

‘You’re Starting To Democratize Access.’ Arca’s Jeff Dorman on Crypto’s Impact on Organizational Structure and Other Big Trends to Look for in 2021

https://ift.tt/eA8V8J

A leading crypto investor on the year-ahead for bitcoin, NFTs, India and DeFi community tokens. Your host is Ben Schiller.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/jeff-dorman-crypto-trends-2021

‘America and Sound Money,’ the Most Important Bitcoin Essay of the Last Year

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A reading of the “Stone Ridge 2020 Shareholder Letter” by Ross Stevens.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/stone-ridge-2020-shareholder-letter

Friday 15 January 2021

3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap

https://ift.tt/eA8V8J

The digital asset manager passed a key milestone this week.

via CoinDesk https://www.coindesk.com/3iqs-canadian-bitcoin-fund-hits-c1b-in-market-cap

K-Pop Sensation Mamamoo to Mint Digital Collectibles on Polkadot

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The popular K-Pop girl band's parent company RBW will be selling its singers' digital products on the blockchain.

via CoinDesk https://www.coindesk.com/mamamoo-non-fungible-tokens-nft-xeno

Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH

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Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.

via CoinDesk https://www.coindesk.com/market-wrap-bitcoin-dips-defi-tokens-trounce-eth

Goldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play: Source

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Goldman, JPMorgan and Citi are all said to be looking at crypto custody.

via CoinDesk https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source

Wireline Settles SAFT Suit With SEC; Peirce Partially Dissents

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Wireline is now barred from distributing the tokens it promised investors in its 2018 SAFT sale.

via CoinDesk https://www.coindesk.com/wireline-settles-saft-suit-with-sec-peirce-partially-dissents

Will Mayor Suarez’s Miami Be the First Major City to Buy Bitcoin?

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The entrepreneurial mayor brings his recruitment of tech talent to the crypto space with the potential of a 1% investment of the city’s reserves into BTC.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-podcast-network/mayor-suarezs-miami-first-city-bitcoin

Fixing Crypto’s Silos

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Our fragmented status quo - thousands of tokens, hundreds of dapps - will not work indefinitely without interoperability.

via CoinDesk https://www.coindesk.com/fixing-cryptos-silos

Mt. Gox Creditors Can Claim 90% of Bitcoin Left in Bankruptcy: Bloomberg

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The agreement is subject to creditor acceptance.

via CoinDesk https://www.coindesk.com/mt-gox-creditors-can-claim-90-of-bitcoin-owed-under-pact-reached-with-coinlab-bloomberg

Why Celsius Thinks CEL Won’t Receive the Same SEC Treatment as XRP

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In an interview with CoinDesk TV, CEO Alex Mashinsky explained why CEL has drawn recent interest from altcoin investors.

via CoinDesk https://www.coindesk.com/why-celsius-thinks-cel-wont-receive-the-same-sec-treatment-as-xrp

Blockchain Bites: Coinbase Wants to Crowdsource Asset Listings; What’s Up With Tether’s Bank?

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Deltec invested some clients' funds in bitcoin, but not Tether's, the bank confirms. So what exactly is backing tether?

via CoinDesk https://www.coindesk.com/coinbase-tether-polkadot

Money Reimagined: Bitcoin’s Warning for Central Banks

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Bitcoin's rising price reflects declining faith in the existing financial system. Will central bankers like Christine Lagarde take notice?

via CoinDesk https://www.coindesk.com/money-reimagined-bitcoins-warning-for-central-banks

Bitcoin News Roundup for Jan. 15, 2021

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With the price of BTC bouncing off $40K and the Fed in no rush to issue its own token, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-15-2021

Crypto, Washington and the Internet Age, With Christopher Giancarlo and Marvin Ammori

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An insiders look at how new, disruptive technology and government interact.

via CoinDesk https://www.coindesk.com/podcasts/coindesk-reports/crypto-infrastructure-christopher-giancarlo-marvin-ammori

First Mover: Biden’s $1.9T Plan Shows ‘Blue Wave’ Bitcoiners Saw Coming

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The Federal Reserve might need to print money to help finance Biden's coronavirus relief proposal, to keep Treasury-bond interest rates from climbing.

via CoinDesk https://www.coindesk.com/first-mover-biden-plan-shows-blue-wave-bitcoin

MahaDAO’s Algorithmic ‘Valuecoin’ Goes Live on Ethereum

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ARTH tries to maintain its value over time compared to other stablecoins that lose value as the dollar is inflated.

via CoinDesk https://www.coindesk.com/mahadaos-algorithmic-valuecoin-goes-live-on-ethereum

Bittrex Won’t Disclose Why It Withdrew Support for Dash, Zcash, Monero

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As of today, zcash, monero and dash won’t be included among Bittrex’s tradable assets.

via CoinDesk https://www.coindesk.com/bittrex-disclose-delist-privacy-coins-dash-zcash-monero

Advisers Allocating Crypto in Clients’ Portfolios Rose 49% Last Year: Survey

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The number of advisers allocating to crypto in client portfolios rose from 6.3% to 9.4% in 2020.

via CoinDesk https://www.coindesk.com/advisers-allocating-crypto-in-clients-portfolios-rose-49-last-year-survey

Biden’s $1.9T Relief Package Proposal Fails to Stir Bitcoin Market

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The U.S. dollar's rise on the news maybe be playing spoilsport to the bitcoin bulls.

via CoinDesk https://www.coindesk.com/bidens-1-9t-relief-package-proposal-fails-to-stir-bitcoin-market

JPMorgan Provides $100M Financing Facility for Blockchain Mortgage Platform Figure

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The facility covers both conforming and jumbo mortgages – loans in excess of the traditional lending restrictions.

via CoinDesk https://www.coindesk.com/jpmorgan-provides-100m-financing-facility-for-blockchain-mortgage-platform-figure

Bitcoin ETP Trading at Levels Seen by Top European ETFs: FT

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Only one major ETF was trading at volumes slightly higher than the BTCetc ETP in the first 11 days of January, says the FT.

via CoinDesk https://www.coindesk.com/bitcoin-etp-trading-at-levels-seen-by-top-european-etfs-ft

Ripple Tech to Power New Malaysia-Bangladesh Remittance Corridor

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Malaysia's Mobile Money and Bangladesh's bKash will leverage RippleNet for wallet-to-wallet transactions.

via CoinDesk https://www.coindesk.com/ripple-malaysia-bangladesh-remitance

Bitcoin Worth $1.2M Seized From India Hacker

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"Shreeki" allegedly hacked government portals, bitcoin exchanges and poker sites.

via CoinDesk https://www.coindesk.com/bitcoin-worth-1-2m-seized-from-india-hacker

Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers

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Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade client's bitcoin.

via CoinDesk https://www.coindesk.com/bitcoin-liquidators-south-africa

EU Parliament Receives Petition Seeking to Establish Crypto Crime Victims’ Fund

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The petition asks the EU to take a tiny fee on crypto transactions to be pooled into a fund for victims of fraud and hacks.

via CoinDesk https://www.coindesk.com/europe-superfund-crypto-fraud

Thursday 14 January 2021

Lido Protocol Does Eth 2.0 Staking but With a DeFi Twist

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There's a new yield farm for those backing Ethereum 2.0.

via CoinDesk https://www.coindesk.com/lido-protocol-does-eth-2-0-staking-but-with-a-defi-twist

Coinbase Wants to List Your Crypto Asset

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"Our directive is to list every compliant asset possible," the exchange wrote Thursday.

via CoinDesk https://www.coindesk.com/coinbase-wants-to-list-your-crypto-asset

Privacy Coin Firo Launches ‘Privacy by Default’ Protocol on Mainnet

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Lelantus introduces “on-by-default” privacy while also allowing partial redemptions of Firo’s burn-and-redeem model.

via CoinDesk https://www.coindesk.com/privacy-coin-firo-lelantus-protocol-mainnet

Latest Music Act to Launch a Social Token: Portugal. The Man

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The Grammy Award–winning band is turning to Rally to join the ranks of musicians launching fan engagement tokens.

via CoinDesk https://www.coindesk.com/latest-music-act-to-launch-a-social-token-portugal-the-man

Bitcoin News Roundup for Jan. 14, 2021

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With bitcoin bouncing back up and approval of the first federally chartered crypto bank, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.

via CoinDesk https://www.coindesk.com/podcasts/markets-daily/bitcoin-news-roundup-jan-14-2021