Bitcoin News Roundup for Feb. 12, 2021

February 12, 2021
The Last Cryptocurency
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With bitcoin slipping after hitting a new all-time high around $49K and Canadian regulators approving a bitcoin ETF, CoinDesk’s Market Daily is back with the latest news roundup.

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This episode is sponsored by Nexo.io.

Today’s stories:

ByteTree’s Charlie Morris shows how bitcoin’s price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market.

JPMorgan employees have hounded senior trading-division management during internal “town hall” meetings over when the largest U.S. bank might get into bitcoin, CNBC reported.

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Binance CFO Says Crypto Exchange Looking to Add New Stablecoins

Binance, the world's largest cryptocurrency exchange by adjusted volume, is actively looking to list more stablecoins in addition to the three it already supports, including the recently beleaguered tether (USDT). "We hope to be able to list a few more stablecoins on our platform," chief financial officer Wei Zhou told CoinDesk Thursday. But that does…

Bitcoin News Roundup for March 24, 2020

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Hold-It-Yourself Crypto Exchange LGO to Roll Out Hardware Wallet in Q2

news LGO Markets, a new bitcoin exchange for institutional traders, has revealed more details about its unorthodox approach to custody, including a forthcoming optional hardware wallet. Launched in March, New York-based LGO bills itself as a one-of-a-kind exchange that will allow clients to control their coins instead of putting them in the exchange’s wallet. The idea…

Maple Finance Expands to Direct Lending Targeting Web3 Firms

Blockchain-based credit marketplace Maple Finance expands to direct lending, aspiring to fill the vacuum that the implosion of centralized lenders like BlockFi and Genesis created.The team behind Maple will start its own direct lending desk called Maple Direct to underwrite and issue loans to Web3 businesses starting in July, the firm announced in a press…

Andreas M. Antonopoulos Warns Against Ethereum In-Fighting

news The author of two widely acclaimed books on cryptocurrency offered advice to developers building ethereum, the world’s second-largest blockchain, this weekend, arguing they should be careful to avoid fragmenting their technical community through infighting. Andreas M. Antonopoulos, whose books “Mastering Bitcoin” and “Mastering Ethereum” are now standards for developers learning both protocols, gave a keynote…

This Scaling Tech Could Let You Sync Bitcoin Straight From Your Phone

feature “Maybe we don’t have to store everything ourselves.” That’s Tadge Dryja, cryptocurrency research scientist at the MIT Digital Currency Initiative, explaining the concept behind his bitcoin scaling solution, “utrexxo.” Based on an idea that has been pursued by developers for many years, utrexxo seeks to streamline an aspect of bitcoin’s code that leads to…

Binance Enters Indian Market With Acquisition of Crypto Exchange WazirX

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Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

Sherrod Brown (D-Ohio), a crypto-skeptic who runs the influential Senate Banking Committee, is open to advancing long-sought legislation for stablecoins, Bloomberg reported Tuesday, citing an interview with him.Brown, according to Bloomberg, said that his concerns would have to be addressed before he would fully get behind a stablecoin law, however.Congress has for years struggled to

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