Bitcoin News Roundup for Feb. 11, 2021

Metaplanet spent $1.2 million to buy more than 20.2 BTC as part of its strategy to build up holdings of the world's largest cryptocurrency by market cap. The investment is part of its strategy, announced a week ago, of buying another $6 million worth of BTC. 08:42 Bitcoin Ecosystem Developments in 2023 as BTC Hits

Bitcoin could be in for a recovery rally, having defended a key support level over the weekend. Looking back, the leading cryptocurrency suffered an ascending channel breakdown on Nov. 7, signaling a temporary top has been made at $6,540. On the following day, the moving average studies rolled over in favor of the bears, bolstering the…

Copper has secured a Trust or Company Service Provider (TCSP) license in Hong Kong. The license win represents a key development in the company’s expansion in the Asia Pacific market. 07:58 Most Influential 2023: The People Who Defined the Year in Crypto 00:36 The 'Real Question' About Sam Bankman-Fried's Trial is What Happens Next: Kevin

Singapore’s Temasek Holdings, one of its sovereign wealth funds, has pledged to take “collective accountability” for its failed $275 million investment in collapsed crypto exchange FTX.In a statement released Monday morning, the fund said there was “fraudulent conduct intentionally hidden from investors, including Temasek.”"Although there was no misconduct by the investment team in reaching their…

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Bitspark will shut down in March, following COO and co-founder Maxine Ryan stepping down from the remittance startup. (Image via Bitspark)Bitspark Fades Out Following COO Maxine Ryan’s DepartureHong Kong-based remittance startup Bitspark is shutting down next month. CEO and co-founder George Harrap announced Monday that the company, with operations in Hong Kong, the Philippines, Indonesia…

Fir Tree Partners, a New York-based hedge fund, is launching a new fund focused on distressed crypto assets, an attempt to cash in on the intense turmoil the industry has experienced in the past year or so.The Fir Tree Digital Asset Opportunities Fund will launch Aug. 1, according to an email seen by CoinDesk.“Fir Tree…

Jan 12, 2021 at 1:27 p.m. UTCGrayscale Once More Accepting New Clients for Most Crypto TrustsDigital asset manager Grayscale Investments has re-opened a number of its cryptocurrency products to new investors after they were closed last month.Trusts for bitcoin, bitcoin cash, ethereum classic, litecoin and the Digital Large Cap Fund are now again accepting clients,…

HTX, formerly Huobi, has been hacked with a total loss of 500 ether (ETH) worth around $8 million, according to HTX adviser and Tron founder Justin Sun.The incident occurred on Sunday and was identified immediately. HTX has fully covered the losses, and funds are safe, Sun added on social media platform X (formerly known as