Cryptocurrency Analysis and News Portal
Hi all, thought we’d try something different in today’s edition of Blockchain Bites. Yesterday and today saw a flurry of news that seemed disparate and unconnected but may actually tell a bigger story about changing institutional attitudes to bitcoin and crypto, generally.PayPal and BlackRock executives both said that digital assets
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Ethereum 2.0 hit a major milestone as its “Beacon Chain” went live. Libra “seizes the day” and rebrands to Diem. Google searches for “bitcoin” have doubled since last month. Top shelfCoinbase <> MicroStrategyMicroStrategy has revealed Coinbase as the platform that executed its $425 million BTC buy that thrust MicroStrategy into the
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Blockchain Bites is back – we hope you enjoyed the holiday pause. Now for the news: Another major hedge fund may allocate to bitcoin. Kaspersky sees cybercrime on the rise for 2021. And anonymous developers have forked a seemingly dead project to launch DeFi’s latest stablecoin.And, perhaps most notably, bitcoin
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Coinbase cuts margin trading. Binance sweeps out U.S. customers. OKEx offers rebates to clients affected by its five-week pause.Top shelfTax changeCoinbase will no longer send customers 1099-Ks, the U.S. tax form that led the Internal Revenue Service (IRS) to mistakenly think traders had underreported their gains. The exchange will instead
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More than 500,000 ETH have been locked and loaded into Ethereum 2.0’s deposit contract, kick-starting the network’s major, multi-year development phase. JPMorgan analysts say institutions are piling into bitcoin. And the IRS has again sent out (possibly erroneous) letters to crypto traders indicating they owe taxes on unrealized gains. Top shelfTaxman
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The U.S. government is using Circle’s USDC to bypass Venezuelan blockades. Chainalaysis is looking to raise $100 million in fresh capital at a $1 billion valuation. Billions of dollars from institutional players are flowing into Coinbase. And VanEck found that bitcoin is less volatile than a quarter of S&P500 stocks,
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Major bitcoin miners are signaling their support for the network’s Taproot upgrade. Institutional buyers are loading up on BTC puts, Deribit analysts say. Goldman Sachs thinks the “digital yuan” could be in a billion hands in a decade. Top shelfBlackRock SquawksA top BlackRock executive, in charge of where the world’s largest
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A Deutsche Bank analyst said customers increasingly prefer bitcoin over gold as their hedge of choice. A markets surveillance tool could meet the SEC’s standards to allow a bitcoin ETF. FATF thinks existing financial precautions may be unfit for the rising world of DeFi.Top shelfBitcoin ETFSolidus Labs has developed a
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Bitcoin continues to rally, with one indicator suggesting the bulls have room to roam. Zcash, the privacy-minded blockchain network, had its first halving. And acting Comptroller of the Currency Brian Brooks may stay on for a five-year term.Top shelfTop or not?At least one obscure indicator suggests bitcoin’s bulls have room
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Bitcoin is nearing all-time highs in price and market cap last set three years ago. Anchorage has applied with the OCC for a national bank charter. Community members have proposed a vote to reinstate Unsiwap’s liquidity mining program.Top shelf15% belowBitcoin traded above $17,000 Tuesday at 12:00 UTC for the first
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