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Coinbase Aims For USD 1B Direct Listing This Year
25.2.2021
Today, US-based major crypto exchange Coinbase filed to go public via USD 1b direct listing on the Nasdaq Global Select Market under the symbol COIN this year.
In the filing with the US Securities and Exchange Commission, the company said it had 43m verified users last year and 2.8m monthly...
Bitcoiners Strike Back At Craig Wright & His Lawyers
25.2.2021
Anything involving Australian computer scientist Craig Wright, known as Faketoshi due to his unproven claims that he's in fact Bitcoin (BTC) creator Satoshi Nakamoto, turns into a baffling saga.
UK-based litigation law firm Ontier representing Wright's Tulip Trading Limited (TTL), received...
Buffett's Partner Munger Bashes Bitcoin, Says It's 'Substitute For Gold'
25.2.2021
Charlie Munger. Source: A video screenshot, Youtube/Yahoo Finance
Charlie Munger, the vice-chairman of Berkshire Hathaway, the chairman of the Daily Journal and the business partner of star investor Warren Buffett, has lashed out at crypto and amateur trading on platforms such as Robinhood....
Bitcoin, Ethereum, and Major Altcoins Show Signs of Weakness
25.2.2021
Bitcoin price is still trading well below the key USD 52,000 resistance zone. BTC is currently (05:00 UTC) showing bearish signs below USD 50,500. If there is a close below USD 50,000, the price could decline towards the USD 48,000 support zone.
Similarly, some major altcoins are showing signs of...
BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments
24.2.2021
Major players of the traditional financial industry are looking for new ways how to keep their positions, threatened by the emerging cryptoasset and decentralized finance (DeFi) industries.
The Bank for International Settlements’ Innovation Hub (BISIH) and the Society for Worldwide Interbank...
Indian Central Bank Playing by Same Anti-Crypto, Pro-CBDC Rules as China, EU
24.2.2021
The head of the Reserve Bank of India (RBI), the subcontinent’s central bank, has again indicated that the government might seek to enact a crypto crackdown – while attempting to gazump the crypto sector by releasing a digital rupee.
In an interview with CNBC-TV18, RBI Governor Shaktikanta...
Bitcoin ETF War, New Ethereum ETP, Swiss Bank Goes Crypto + More News
24.2.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investing news
Canada-based Evolve Funds Group said it has lowered the management fee on their Bitcoin ETF by 0.25 percentage point to 0.75% just...
Craig Wright Sends His Lawyers Against Bitcoin Developers
24.2.2021
Craig Wright. Source: a video screenshot, Youtube, Crypto Finder
The outspoken Australian, Craig Wright, dubbed “Faketoshi” due to his unproven claims that he's Satoshi Nakamoto, made another move that left the cryptoverse bewildered.
UK-based litigation law firm Ontier said it begun legal...
MicroStrategy's Bitcoin Stash Surpassed USD 4.5B And They Want More
24.2.2021
One of the most bullish non-crypto companies, US-based software developer MicroStrategy, confirmed it recently acquired BTC 19,452, increasing its stash to BTC 90,531 (USD 4.5bn).
In their latest deal, the Michael Saylor-led company spent USD 1.026bn (inclusive of fees and expenses) paying...
Don't Blame Bitcoin Miners For Price Dips, Says Analyst
24.2.2021
There's little reason to believe that Bitcoin (BTC) miners are responsible for downturns in BTC’s price, according to crypto intelligence firm Coin Metrics.
Per Karim Helmy, Senior R&D Analyst ad the firm, this is due to the small scale of miner deposits in comparison to total exchange flows...
1 Million First-time Buyers Bought Bitcoin on Dorsey's Cash App Last Month
24.2.2021
2020 was a bumper year for Jack Dorsey’s Square and its crypto-embracing Cash App mobile payments app – but one that could soon be eclipsed, after the company revealed that “over three million customers” bought or sold bitcoin (BTC) on its platform in 2020, while January this year saw “more than...
Bitcoin, Ethereum and Altcoins Try To Recover, Face Resistance
24.2.2021
Bitcoin price tested the USD 45,000 support zone, where the bulls appeared. BTC started a decent recovery wave above USD 48,000 and USD 50,000. It is currently (05:00 UTC) trading above USD 50,000, but it must settle above USD 52,000 for a fresh increase to USD 58,000.
Similarly, there was a steady...
Bill Gates Champions His Own ‘Digital Money’ - But What Is It?
24.2.2021
Wikipedia/World Economic Forum/swiss-image.ch/Photo by Remy Steinegger
Microsoft supremo Bill Gates has distanced himself from bitcoin (BTC) buying, dismissing fellow American entrepreneur Elon Musk’s own crypto moves – while talking up a digital money or payments infrastructure that to some...
India's Warren Buffett Is Against Bitcoin Too, ECB Aims At Diem + More News
23.2.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Indian billionaire investor Rakesh Jhunjhunwala, sometimes referred to as India’s Warren Buffett, told CNBC that the country’s...
Tether And Bitfinex Settle With the New York Attorney General's Office
23.2.2021
Source: iStock/standret, Cryptonews.com
Major crypto exchange Bitfinex and Tether, the issuer of the most popular stablecoin, tether (USDT), said they have reached a settlement of legal proceedings with the New York Attorney General’s Office.
"After 2.5 years and 2.5m pages of info shared,...
Peak 2021 Is Already Here as Schiff and Musk Go into Eggplant Twitter Meltdown
23.2.2021
Peter Schiff. Source: a video screenshot, Youtube, Peter Schiff
The bitcoin (BTC) arch-skeptic Peter Schiff and crypto man-of-the-moment Elon Musk have come to virtual blows on (you guessed it) Twitter in a war-of-words over BTC...and vegetable emojis.
Yes, 2021 has just out-2021ed itself,...
Bitcoin Rebounds From USD 45K, Ethereum and Altcoins Pair Losses
23.2.2021
Bitcoin price extended its decline below the USD 50,000 support level. BTC even declined below the USD 47,500 support level and tested USD 45,000. However, the price rebounded sharply, jumping to almost USD 49,000 (12:58 PM UTC) and trimming its daily losses to 8%.
Similarly, there was a strong...
This Is Why Old Models Don't Work With Bitcoin According to Raoul Pal
23.2.2021
Raoul Pal. Source: a video screenshot, Youtube/Real Vision Finance
The old economic models used to grasp various asset price bubbles from the past are distorting our view of bitcoin (BTC)'s recent price spike, as cryptocurrencies should be considered as exponential trends powered by network...
Another USD 1B Liquidated In One Hour As Crypto Selloff Intensifies
23.2.2021
After more than USD 4bn in cryptoasset trading position was liquidated yesterday, another USD 1bn was liquidated today in just one hour as a selloff in the crypto market intensified, increasing bitcoin (BTC)'s dominance.
Almost 91% of the liquidated positions are long positions, while BTC accounts...
Bitcoin Tests USD 50K, Ethereum and Altcoins Drop
23.2.2021
Bitcoin price is down over 10% and it broke many important supports near USD 55,000 and USD 52,000. BTC is currently (05:00 UTC) struggling to settle above USD 50,000. A daily close below USD 50,000 may possibly open the doors for more losses towards USD 45,000.
Similarly, there were strong bearish...