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Thursday, January 21, 2021

CryptoCurrency News: SEC Calls Out Suspicious Crypto Companies Targeting Global Traders



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

via CoinDesk

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



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

via CoinDesk

CryptoCurrency News: Bitcoin Price Sees Largest Daily Loss in 10 Months



Bitcoin ended Thursday down 13% amid continued selling.

via CoinDesk

CryptoCurrency News: Japan Rallies Behind XRP as Ripple Faces US Litigation



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

via CoinDesk

CryptoCurrency News: Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says



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

via CoinDesk

CryptoCurrency News: Bitcoin Worries `Fading,’ as Crypto Goes Mainstream, S&P Says



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

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



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

via CoinDesk

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



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

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



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

via CoinDesk

CryptoCurrency News: How Cultural Differences Drive User Adoption in DeFi



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

CryptoCurrency News: Bitcoin News Roundup for Jan. 21, 2021



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

via CoinDesk

CryptoCurrency News: Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M in Prize Draw



Lottery entrants can apply to win 200 digital yuan each.

via CoinDesk

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



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

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



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

via CoinDesk

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



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

via CoinDesk

CryptoCurrency News: Guggenheim CIO Says Bitcoin May Have Topped Out for Now



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

via CoinDesk

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



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

via CoinDesk

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



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

via CoinDesk

CryptoCurrency News: Russian Court Takes Crypto Exchange Binance off Website Blacklist



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

via CoinDesk

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



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

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



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

via CoinDesk

CryptoCurrency News: Nebraska Lawmaker Introduces Bills That Would Permit Banks to Custody Crypto



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

via CoinDesk

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



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

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



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

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