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.
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Cadenza Ventures Launches $50M Crypto Fund for DeFi and Blockchain Projects
Cadenza Ventures has raised a $50 million crypto venture fund to invest in early-stage digital finance and blockchain technology companies. Van Eck Associates anchored the fund with participation from Solana, Dapper Labs and WorldQuant Ventures, among others.Cadenza Ventures will invest globally in crypto platforms and blockchain technologies. The initial investments will include Middle Eastern cryptocurrency…
Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS’ Draft 2020 Guidance
Oct 26, 2020 at 11:13 UTCUpdated Oct 26, 2020 at 11:16 UTC(Paul Brady Photography/Shutterstock)Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS’ Draft 2020 GuidanceThe U.S. tax agency has clarified who needs to answer “yes” to a question over cryptocurrency activity included in the draft 1040 income tax form.As reported in September, the Internal Revenue…
Marathon Brings New Bitcoin Mining Rigs Online, Sees Itself Becoming Cash-Flow Positive
Aug 24, 2020 at 14:04 UTCUpdated Aug 24, 2020 at 14:39 UTCNasdaq-listed cryptocurrency mining company Marathon Patent Group received and deployed two shipments of new mining machines, which increased the company’s hashrate by 130 petahash per second to 186 petahash per second. According to an announcement Monday, the company received 700 WhatsMiner M31S+ Miners from…
First Mover Americas: Bitcoin Rises to Nearly $70K After Trump’s BTC 2024 Speech
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices (CoinDesk) Top Stories Bitcoin (BTC) climbed to nearly $70,000 at the start of the European morning , its highest since early June, as
Crypto Game Aavegotchi to Build Custom Blockchain Using Polygon Tech
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Market Wrap: Bitcoin Drops as Indicators Show Extreme Optimism
Bitcoin’s price slipped to the $62,000 area on Thursday as indicators suggest bullish sentiment is near extreme levels, which typically precedes a price pullback.The cryptocurrency’s price was down about 5% over the past 24 hours after failing to sustain an all-time high of almost $67,000 on Wednesday.The crypto Fear & Greed Index remained elevated in…
‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release
The wife of Tigran Gambaryan, the American Binance employee detained in Nigeria, released a new video statement on Monday pleading for his immediate release from prison. "It has been six months since I last saw my husband, since our children last held their father’s hand," Yuki Gambaryan said in the video. "His health is deteriorating
Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%
Grayscale Bitcoin Trust’s (GBTC) share price surged to a one-year high on Tuesday as a report about investment asset manager Fidelity Investments preparing to follow BlackRock’s application for a spot bitcoin (BTC) exchange-traded fund (ETF) with its own, renewed optimism about converting the trust into an ETF.GBTC closed at $19.47 Tuesday afternoon, gaining 7.1% through…