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Bitcoin News Roundup for Feb. 11, 2021
11.2.2021
With BTC setting a new record above $48K and Mastercard implementing crypto payments, CoinDesk’s Market Daily is back with the latest news roundup
Analysts Deconstruct Bitcoin vs. Ethereum Debate As Alts Outperform
11.2.2021
Crypto analysts and industry figures took a closer look at the Bitcoin (BTC) vs. Ethereum (ETH) and altcoins debate, amid a bull market in which ETH and numerous altcoins are continuously outperforming BTC.
BlockTower Capital founder Ari Paul has criticized the umbrella term ‘altcoins’ while noting...
Opinions Divided on Bitcoin ETF in US as Experts Say 2021 Launch Is Possible
11.2.2021
Source: iStock/Photographer, Filmmaker, Designer
Experts are saying that an American bitcoin (BTC) exchange-traded fund (ETF) could become “a real thing” in 2021 – but a debate has sparked on social media, with some warning products of this sort may still be some way off.
In a Bloomberg article...
America's Oldest Bank Goes Bitcoin
11.2.2021
The oldest bank in the US, New York Mellon Corp. will hold, transfer and issue bitcoin (BTC) and other unspecified cryptoassets on behalf of its asset-management clients, the Wall Street Journal reported, citing Roman Regelman, chief executive of BNY Mellon’s asset-servicing and digital...
Bitcoin and Ethereum Correct Lower, Altcoins Edge Higher
11.2.2021
Bitcoin price started a downside correction below the USD 46,000 support level. BTC even failed to stay above USD 45,000. It is currently (05:00 UTC) down around 4% and it might continue to move lower towards the USD 43,200 support zone.
Similarly, ethereum struggled to stay above USD 1,800...
Bithumb Must Compensate BTC Address Book Mixup Customers – at 2018 Prices
11.2.2021
Bithumb, South Korea’s market-leading crypto exchange, has been ordered to pay compensation to the victims of a 2018 “accidental” bitcoin (BTC) “withdrawal” mishap that left them out of pocket. But in a sting in the tale, the presiding judge ordered the payment to be made in fiat – at rock-bottom...
Bitcoin Mining Moves In Russia & US, Ledger Gets Big Client + More News
10.2.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Mining news
An unnamed miner has just sent Russia’s largest single batch of mining equipment into the country – heading for a BitRiver-run data...
Bitcoin News Roundup for Feb. 10, 2021
10.2.2021
With the top two cryptos down on the day and a bitcoin supply squeeze seemingly in the cards, CoinDesk’s Market Daily is back with the latest news roundup
Elon Musk Rages at Wallet, May Land in Hot Water from Regulators
10.2.2021
Elon Musk. Source: A video screenshot, Youtube, Bloomberg.
Twitter, Elon Musk and crypto – hardly a minute seems to go by without a combination of the three dominating the headlines. And it looks like the Tesla supremo has been busy behind his keyboard again for a new spate of crypto-themed tweets...
Bitcoin Miners Buy Oversupplied Energy, Turn To Renewables - Nic Carter
10.2.2021
Source: Adobe/Татьяна Палладина
Bitcoin (BTC) mining leaves a climate footprint, but renewable energy accounts for a considerable share of the process, according to Nic Carter, Founding Partner of blockchain-focused venture capital (VC) firm Castle Island Ventures.
“Bitcoin absolutely is...
Bitcoin Corrects Lower, Ethereum and Altcoins Accelerate
10.2.2021
Bitcoin price rallied to a new all-time high near USD 48,200 before starting a downside correction. BTC traded below the USD 47,000 level and it is currently (05:00 UTC) near USD 46,000. The next key support is at USD 45,000, below which there are chances of a larger downside correction.
Besides...
New Bitcoin Trust, ECB Might Limit Digital Euro Holdings + More News
9.2.2021
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
US-based major crypto lending and trading company BlockFi announced the launch of the BlockFi Bitcoin Trust, an investment vehicle...
Bitcoin News Roundup for Feb. 9, 2021
9.2.2021
With the top two cryptocurrencies setting new all-time highs and analysts grappling with what Tesla's big buy really means, CoinDesk’s Market Daily is back with the latest news roundup
Leading Malaysian Bank Goes Bitcoin, Snaps up 19% Stake in Crypto Exchange
9.2.2021
Kuala Lumpur, the capital of Malaysia. Malaysia’s top independent investment bank, the Kenanga Investment Bank, has announced that it has acquired a 19% stake in the domestic crypto exchange Tokenize Xchange. The trading platform is one of just three in the country to have received a digital asset...
Here’s What the Mainstream Media Makes of Tesla’s Bitcoin Move
9.2.2021
The conventional media has expressed mixed emotions about Elon Musk and Tesla’s move into the world of crypto – announcing yesterday that it purchased bitcoin (BTC) worth USD 1.5bn and hinting the carmaker may be set to start accepting crypto pay.
In a damning assessment, Guardian financial...
The G7 Taxman Is Coming for Your Crypto Profits
9.2.2021
Tax authorities around the world have indicated that they will not sit back and watch crypto traders get rich as prices skyrocket – with new tax measures set to come into play in Europe, Asia and beyond.
The G7, which comprises Canada, France, Germany, Italy, Japan, the UK, and the United States...
Attacked Blockfolio To Spend Up To USD 10m on Fixing Damage
9.2.2021
Popular crypto portfolio tracker and trading app Blockfolio claims they are nearly back to business as usual and are offering up to USD 10 million in credits following this morning's scandalous hack.
Blockfolio, which was acquired by crypto derivatives exchange FTX last year, has issued a couple...
Yes, Huawei Is Getting into Mining – But Not Bitcoin Mining
9.2.2021
With the number of companies getting into bitcoin (BTC) and altcoins on the rise everywhere in the world, some say that it is now only a matter of time before Asia’s tech giants turn their attention to tokens.
But it appears that a few folks have jumped the gun with reports that Chinese mobile...
Bitcoin Inches Towards USD 50K, Ethereum and Altcoins Extend Rally
9.2.2021
Bitcoin price rallied significantly above the USD 42,000 and USD 45,000 resistance levels. BTC even spiked above USD 47,000 and traded to a new all-time high near USD 47,500. It is currently (05:00 UTC) consolidating gains and it could continue to rise towards USD 48,500 and USD 50,000.
Similarly...
Russia Looks to ‘Tighten Control’ over Crypto Traders with New Tax Measures
9.2.2021
Crypto industry experts in Russia have warned that government agencies are gearing up for a regulatory drive that will see it “tighten control” over crypto, enforcing tough new tax protocols and enhancing its monitoring of transactions.
Per media outlet RIA Novosti, industry sources have claimed...