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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: 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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