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Here Are the Ways Governments Could Attack Bitcoin – and None of them Sound Hot
22.2.2021
Experts are starting to muse about the possible strategies governments could use if they ever decided to wage war on Bitcoin (BTC) – and derail an asset whose rise in the past few months has been nothing short of meteoric.
PayPal’s crypto plunge last year (set to expand in 2021) and Tesla’s...
Yellen on Bitcoin, NFTs Score Another Million + More News
22.2.2021
Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse
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
Recently, US Treasury Secretary Janet Yellen made several...
Overleveraged Crypto Traders Just Lost Another USD 1B, Binance Leads Again
22.2.2021
Over USD 1bn in long trading positions has been liquidated in the past 24 hours as overly optimistic traders seem not willing to learn after they lost almost USD 2bn just a week ago.
Almost USD 600m of those positions were in bitcoin (BTC). In the past hour alone (10:39 UTC), almost USD 400m have...
Bitcoin, Ethereum and Altcoins Correct Gains, XRP Rallies
22.2.2021
Bitcoin price remained strong and it extended its rally above USD 58,000. BTC even traded to yet another all-time high near USD 58,641 (per Coingecko.com) before it started a downside correction. It is currently (05:00 UTC) trading below USD 57,000, with key supports at USD 55,000 and...
Canadian Bitcoin ETF predicted to hit $1B AUM by Friday: Bloomberg analyst
21.2.2021
Eric Balchunas said the Purpose Bitcoin fund could surpasses all other ETFs in Canada within two months, "barring a nasty selloff."
South Korean Crypto Exchanges Face New Hurdle as Legal Deadline Looms
20.2.2021
With just over a month left before South Korean financial regulators begin policing the activities of the nation’s crypto exchanges, a regulatory body has unveiled details of how it will request trading platforms to report suspicious transactions as part of what promises to become one of the most...
Bitcoin News Roundup for Feb. 19, 2021
19.2.2021
With the market cap of bitcoin breaking above $1T for the first time plus a look at the emerging asset class known as NFTs, CoinDesk’s Market Daily is back with the latest news roundup
MicroStrategy Raises USD 1B to Buy More Bitcoin
19.2.2021
MicroStrategy confirmed today that it raised USD 1.05bn and it intends to spend it on bitcoin (BTC). The company estimates that the net proceeds from the sale of its notes will be approximately USD 1.03bn.
(To be updated)
Bitcoin Mining Difficulty Set To Hit New ATH While BTC Rallies Above USD 53K
19.2.2021
At the time when bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record today.
Per mining pool BTC.com estimates, mining may become the most difficult it's ever been in several hours from now (15:34 UTC). Bitcoin mining difficulty, or the measure of...
Bitcoin Is a Sideshow & a Poor Hedge, but It’s Mainstream – JPMorgan
19.2.2021
Source: JP Morgan, Instagram
Bitcoin (BTC) may be surging to never-seen-before heights as the week draws to a close, with prices surpassing the USD 53,000 mark for the first time today, but not everyone wants to sing its praises – nor those of altcoins – as JPMorgan’s analysts poured some water...
BitMEX Founder Arthur Hayes Returns to Tout The Crypto Game
19.2.2021
Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz
Arthur Hayes, the co-founder and former CEO of major crypto derivatives exchange BitMEX, has made a remarkable return to the public spotlight – emerging on social media for the first time since the US authorities indicted him and...
Bitcoin and Ethereum Hold Gains, BNB Flips Tether and Tests USD 250
19.2.2021
Bitcoin price started a short-term downside correction from the USD 52,750 all-time high. BTC declined below USD 52,000 and USD 51,500. However, the bulls were active and the price is currently (05:00 UTC) trading well above the USD 50,500 support zone.
Besides, there were mostly positive moves...
Engineer Elon Musk Says Bitcoin 'Is Less Dumb' Than Cash
19.2.2021
Elon Musk. Having some bitcoin (BTC), "which is simply a less dumb form of liquidity than cash," is adventurous enough for an S&P 500 company, Tesla's Elon Musk said today.
He was responding to comments by Binance CEO Changpeng Zhao who told Bloomberg TV that he is surprised that...
Bank Account Data May Indicate a Rise in South Korean Crypto Activity
19.2.2021
A new report has linked a spike in the creation of new bank accounts in South Korea to a rise in crypto trading – an indication that a large influx of new traders in the East Asian nation has taken up crypto in 2021.
In 2018, Seoul created a set of guidelines that requires crypto exchanges to keep...
Bitcoin News Roundup for Feb. 18, 2021
18.2.2021
With the both of the top two cryptocurrencies setting new record high prices plus a look at what dogecoin says about our world, CoinDesk’s Market Daily is back with the latest news roundup
'I've taken a neutral view' on Bitcoin, says Bill Gates
18.2.2021
"Bitcoin can go up and down just based on the mania or whatever the views are," said the Microsoft co-founder
The Bond King Goes From 'Bitcoin Is A Lie' To BTC 'Maybe The Stimulus Asset'
18.2.2021
Jeffrey Gundlach. Source: A video screenshot, Youtube/Real Vision Finance
DoubleLine Capital LP chief Jeffrey Gundlach, known as the Bond King, now says that bitcoin (BTC) "maybe The Stimulus Asset" after claiming last October that it is "a lie."
"I am a long term dollar...
Bitcoin Mining Becomes A Side Venture For Chinese Non-Crypto Firms
18.2.2021
Source: Adobe/SPICA-VEGA PHOTO ART
As bitcoin’s (BTC) skyrocketing prices continue to whet the appetites of companies from different backgrounds, tea and baked goods retailer Urban Tea is the latest example of a Chinese non-crypto business expanding into crypto mining and blockchain with...
Crypto Traders Might Find Familiar Playbook In GameStop Hearing Today
18.2.2021
The GameStop (GME) saga is set to take another twist as a trader prepares to tell the American House of Representatives that social media has allowed retail traders to leveling the playing field with their bitter Wall Street rivals, a strategy that is also coming good for thousands of crypto...
Bitcoin and Ethereum Trade To Record Highs, Altcoins Rally
18.2.2021
Bitcoin price remained in a strong uptrend above the USD 50,000 resistance. BTC extended its rise above USD 52,000 and traded as high as USD 52,750. It is currently (05:00 UTC) correcting gains, but dips might be limited below USD 51,000.
Similarly, there were strong bullish moves in most major...