Bitcoin News Roundup for Feb. 16, 2021
With BTC briefly breaching $50K as the industry’s market cap passes $1.5T, CoinDesk’s Market Daily is back with the latest news roundup.
Related Posts
SEC Claims Brothers Lied About Digital Asset Fund Performance, Used Profits for Personal Use
Jun 19, 2020 at 18:04 UTCSEC logo (AevanStock/Shutterstock)The U.S. Securities and Exchange Commission (SEC) moved on Friday to halt an allegedly-fraudulent digital asset investment fund run by two Pennsylvania brothers. The SEC announced Friday that it had filed a temporary restraining order and asset freeze against Sean and Shane Hvizdzak and their corporate entities, alleging…
ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.…
Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source
Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Lavender Au is a CoinDesk reporter with a focus on regulation in Asia. She holds BTC, ETH, NEAR, KSM and SAITO.Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022…
Bitcoin Could Rally to $125K by End-2024: Matrixport
Crypto services provider Matrixport, one of the few firms to turn bullish on bitcoin (BTC) late last year, now expects the leading cryptocurrency to rally to as high as $125,000 by the end of 2024.The forecast is based on data that show a multimonth bull market comprising a meteoric surge in market value unfolds once…
Why We’re (Still) Investing in Web3 Gaming
With game tokens down 37% overall in 2024, there’s been some trash talk saying Web3 gaming is dead. But crypto is cyclical, and the current downturn is nothing we haven’t seen before. As angel investors focused on seed and pre-seed, we think this is a wonderful time to invest. Having emerged from the Crypto Winter
Germany Dumping $2.8B Bitcoin Is ‘Market Intervention,’ Despite Murky Legal Justifications
The process of Germany offloading seized bitcoin is called by experts "market intervention" as it caused a selloff. The law that the authorities cited as the reason for the sale, falls within a "legal gray" line, according to one observer. Germany may have finally come out with a legal reason why they offloaded nearly $3
Tribe Capital to Launch $75M Crypto Fund
Tribe Capital, a venture capital firm with investments in Kraken and FTX among others in the crypto sector, is launching a $75 million crypto fund, sources familiar with the initiative told CoinDesk.The fund initially sought to raise $50 million but strong interest from investors raised the total, according to the sources. San Francisco-based Tribe Capital’s…
IRS Proposed Rule on Digital Asset Broker Reporting Could Kill Crypto in America
Nearly two years ago, the Infrastructure and Jobs Act (IIJA) passed – a bill that expanded broker information reporting to digital asset transactions and mandated Internal Revenue Service (IRS) rulemaking to implement the statute. Late last month, the IRS’s long-awaited proposal arrived, and it could kill crypto in America.The proposed rule would require newly designated