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Bitcoin News Roundup for Feb. 8, 2021


With BTC setting new all-time high prices, ether futures launching and Elon Musk announcing Tesla's purchase of $1.5B worth of bitcoin, CoinDesk’s Market Daily is back with the latest news roundup

Bitcoin Hits New ATH, Ethereum and Altcoins Start Fresh Rally


Bitcoin price remained stable above USD 38,000, and it gained pace above USD 38,500. BTC even surged above USD 40,000 and traded to a new all-time high near USD 43,400. It is currently (13:00 UTC) trading nicely above USD 42,000 and it is likely to continue higher. Similarly, most other major...

Tesla Buys USD 1.5B Worth of Bitcoin, To Accept BTC as Payment


Tesla confirmed it invested an aggregate USD 1.50bn in bitcoin (BTC) and may acquire and hold digital assets from time to time or long-term. "Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on...

BTC 1,700 In Limbo As Fraudster Won’t Give The Password To Prosecutors


German public prosecutor's office has seized almost BTC 1,800 (USD 70m) from a man sentenced to prison for fraud, but they claim they cannot access the majority of the cryptocurrency since the man has refused to provide them with a password. The crypto was seized in 2013, and since then, its value...

Bitcoin and Ethereum Hold Key Support, Altcoins Surge


Bitcoin price started a downside correction from well above USD 40,000. BTC declined below the USD 39,200 support level, but it was well bid above USD 37,500. It is currently (05:00 UTC) trading above USD 38,000, but it is facing hurdles near USD 39,200. Similarly, ethereum corrected more than...

Bitcoin Returns Above USD 40,000 In Less Than A Month


The most popular cryptocurrency, bitcoin (BTC), rallied on Saturday, moving back above the USD 40,000 level for the first time in almost a month. At the time of writing (14:38 UTC), BTC trades at USD 40,420 and is up by 6% in a day, increasing its weekly gains to 18%. BTC reached its all-time high...

Spanish Tax Body Will Force Citizens to Declare Overseas Crypto Holdings


The Spanish Tax Agency – known in the nation as the Hacienda – has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altcoin holdings, even if those are held on overseas-based platforms. Per...

Bitcoin Market Cap May Be 'Overstated' by USD 151Bn - Coin Metrics


Bitcoin (BTC) market capitalization may be overstated by USD 151.5bn, according to data from the crypto intelligence firm Coin Metrics. And the same may well go for the token's forks, the company suggested. Coin Metrics arrived at this staggering figure by looking at how many coins may actually...

Bitcoin-keen Palihapitiya Says He Won’t Run for Governor of California


Chamath Palihapitiya. Source: a video screenshot, Youtube/Phocuswright The “Bitcoin (BTC) candidate” for the forthcoming Californian gubernatorial race has ruled himself out of a run at the post – which may see voters in the state head to the polls later this year. In a recent edition of the All...

Bitcoin and Ethereum Prepare For Next Move, Altcoins Rally


Bitcoin price started a short-term downside correction below USD 37,000. BTC even spiked below the USD 36,500 support, but dips were limited. It is currently (05:00 UTC) trading above USD 37,000, with a couple of important hurdles near USD 38,000. Similarly, ethereum is trading above the USD 1,600...

Argentinian Province Introduces Sweeping Crypto Tax Laws


The central province of Córdoba, Argentina, appears to have had enough of waiting for the national government to act on crypto tax – and has instead moved to introduce a local tax on the crypto activities of its residents. Per CBA24n, the provincial legislature has voted in favor of a new bill that...

US Senate Banking Committee Now Has A Bitcoiner + More News


Cynthia Lummis. Source: Twitter/@CynthiaMLummis 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 A Bitcoin (BTC) supporter US Senator Cynthia Lummis is now serving on the US Senate...

Bitcoin News Roundup for Feb. 4, 2021


With ether breaching another all-time high and payments giant Visa expanding its digital currency roadmap, CoinDesk’s Market Daily is back with the latest news roundup

VC Stars & LL Cool J Hunting 'Extraordinary Momentum' In Crypto


LL Cool J during a 2001 performance in Germany. Source: Wikipedia/Mikael 'Mika' Väisänen Private equity veteran Glenn Hutchins together with other business partners has launched a new venture capital crypto fund, Yahoo! Finance reported, citing Hutchins. Among the investors in the fund that...

Investors Still Prefer Stocks To Bitcoin, But BTC Wins Over Gold - Survey


Despite outperforming traditional assets, bitcoin (BTC) and other cryptocurrencies are still less popular than usual investment options in the US and Japan, a recent survey showed. However, the good news for the Cryptoverse is that cryptoassets are now more popular than gold in the US. In the...

Bitcoin and Ethereum Correct Gains, Altcoins Remain Elevated


Bitcoin price started a downside correction from well above USD 38,000. BTC corrected below USD 37,800 and USD 37,500. It is currently (13:00 UTC) consolidating near USD 37,500, with a positive angle. Besides, most major altcoins are slowly gaining momentum. ETH/USD corrected sharply, but...

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