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Wednesday, February 17, 2021

CryptoCurrency News: Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum



SBI's digital assets subsidiary will lead a round that will have raised around $30 million for the Swiss firm over six months.

via CoinDesk

CryptoCurrency News: US Lawmakers Looking Into China’s Role in GameStop Pump: Report



Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for Feb. 17, 2021



With BTC surpassing $51K and analysts remaining bullish on the price, CoinDesk’s Market Daily is back with the latest news roundup.

via CoinDesk

CryptoCurrency News: Russia’s Crypto Tax Bill Passes First Reading at State Duma



The bill proposes to recognize cryptocurrency as property for purposes of taxation.

via CoinDesk

CryptoCurrency News: DJ 3LAU to Auction Full Album Tokenized on Ethereum Blockchain



3LAU is partnering with blockchain platform Origin to launch an auction for the Ultraviolet Vinyl NFT Collection.

via CoinDesk

CryptoCurrency News: Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas



The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.

via CoinDesk

CryptoCurrency News: Coinbase Hires Former Stripe Exec as Chief Compliance Officer



Melissa Strait will take charge of Coinbase's compliance initiatives ahead of its planned public listing.

via CoinDesk

CryptoCurrency News: Why the US Needs Bitcoin



Elon Musk and other VIPs have endorsed it. Here's why the Federal Reserve should seriously consider BTC for its balance sheet.

via CoinDesk

CryptoCurrency News: First Mover: What’s Next After Bitcoin Hits $50K? Another $1K Gain



Analysts are still mostly bullish on the cryptocurrency's price, even at lofty levels compared with those just a few months ago.

via CoinDesk

CryptoCurrency News: Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says



The bank's analysts pointed to gold's much lower volatility.

via CoinDesk

CryptoCurrency News: Crypto Wallet Startup Blockchain.com Raises $120M From Investors Including Google Ventures



Blockchain.com said the institutional backing will power an increasingly institutional-minded business.

via CoinDesk

CryptoCurrency News: Coinbase, Readying for Public Listing, Gets $77B Valuation From Nasdaq Private Market



Last week’s settlement price of $303 per share would make Coinbase bigger than NYSE-owner ICE.

via CoinDesk

CryptoCurrency News: Bitwise Launches DeFi Crypto Index Fund



The fund bets on 10 Ethereum-based protocols angling to shape the future of finance.

via CoinDesk

CryptoCurrency News: Central Bank Digital Currencies May Drive Cash ‘Shadow Economy’ to Crypto: Reuters



"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.

via CoinDesk

CryptoCurrency News: MicroStrategy Boosts Latest Debt-for-Bitcoin Offering to $900M



The firm has already bought 70,784 bitcoin, an amount now worth around $3.6 billion.

via CoinDesk

CryptoCurrency News: What Is a Flash Loan?



A guide to one of DeFi's most innovative and controversial features.

via CoinDesk

CryptoCurrency News: Valid Points: How CME Ether Futures Work and Why They Matter



A financially settled and U.S. regulated ether futures product makes all the difference.

via CoinDesk

CryptoCurrency News: Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin



The free zone accepts payments in bitcoin, ether and the tether stablecoin.

via CoinDesk

CryptoCurrency News: India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report



A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality.

via CoinDesk

CryptoCurrency News: World’s Oldest Central Bank Extends Digital Currency Test Till 2022



Sweden's Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.

via CoinDesk

CryptoCurrency News: Diginex Connects Crypto Exchanges and Electronic Trading Firms With New Platform



The crypto services firm is connecting high-frequency traders who use electronic trading platforms to crypto exchanges.

via CoinDesk

CryptoCurrency News: Head of St Louis Fed Says Bitcoin Not a Challenge to US Dollar’s Global Dominance



James Bullard also likened bitcoin to gold as a safe-haven asset.

via CoinDesk

CryptoCurrency News: Bitcoin Hits New High Above $51K, Shrugging Off Rising Bond Yields



Rising bond yields are a threat to prices of hedge assets, but bitcoin is soaring as gold falls.

via CoinDesk

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