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Tuesday, January 26, 2021

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



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

via CoinDesk

CryptoCurrency News: Four Ways Blockchain Could Catapult Into the Mainstream



Blockchain technology adoption has largely been a top-down story. Here are some ideas that could get more bottom-up traction.

via CoinDesk

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



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

via CoinDesk

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



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

via CoinDesk

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



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

via CoinDesk

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



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

via CoinDesk

CryptoCurrency News: What Tether Means When It Says It’s ‘Regulated’



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

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for Jan. 26, 2021



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

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



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

via CoinDesk

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



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

via CoinDesk

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



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

CryptoCurrency News: Secure Messaging App Signal Reportedly Toying With Crypto Payments



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

via CoinDesk

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



The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz, Polychain Capital and Coinbase co-founder Fred Ehrsam.

via CoinDesk

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



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

via CoinDesk

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



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

CryptoCurrency News: FinCEN Further Extends Comment Period for Controversial Crypto Rules



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

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



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

via CoinDesk

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



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

via CoinDesk

CryptoCurrency News: US Man Installs Crypto Mining Rig in Hybrid BMW Sportscar



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

via CoinDesk

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



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

via CoinDesk

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



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

via CoinDesk

CryptoCurrency News: Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering



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

via CoinDesk

CryptoCurrency News: Gemini Exchange Adds Local Currency, DeFi Tokens in Singapore Expansion



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

via CoinDesk

CryptoCurrency News: What Is Guggenheim Partners?



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

via CoinDesk

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