Bitcoin News Roundup for Feb. 28, 2020

Dec 7, 2020 at 7:36 p.m. UTCRebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance MinisterThe Libra Association may have rebranded itself as Diem but that means little to German Finance Minister Olaf Scholz. According to a Reuters report, Scholz said in a statement that Libra’s rebranding as Diem was merely a cosmetic change.  “A…

The security tokens issued by Sygnum Bank represent Matter Labs' investment in a Fidelity International money-market fund.Tokenization of traditional assets is a growing phenomenon at the intersection of crypto and traditional finance that has attracted several banking giants to develop offerings.00:34Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance02:21Sam Bankman-Fried's Lawyers Push for FTX Founder's Jail

Traders sold Tether’s USDT in droves Thursday on key stablecoin exchange pools on Curve and UniSwap.USDT dropped to as low as 99.76 cents and traded slightly below its $1 peg for most of the day.Crypto traders appeared to ditch Tether’s USDT in droves Thursday in key stablecoin pools on Curve Finance and Uniswap decentralized exchanges,…

First Mover: Pie Anyone? DeFi Pushes ETF-Style Investing Toward DecentralizationEntrepreneurs in the white-hot arena of decentralized finance have used cryptocurrency technologies to build automatic systems that might someday challenge or even supplant traditional banks and exchanges. Now, DeFi is taking on the asset-management industry, and already launching a range of new investment products designed to…

Global X, one of the former contenders for a spot bitcoin exchange-traded fund (ETF), has withdrawn its application, according to a Jan 30 notice from Cboe BZX Exchange, which could have listed the fund.The filing shows that Cboe BZX Exchange is withdrawing its proposed rule change to list and trade shares of what would’ve been

The so-called Coinbase premium has evaporated, indicating a weaker stateside buying pressure.At press time, bitcoin was trading at $64,000, down over 12% from record highs reached last week.A market dynamic that characterized bitcoin’s (BTC) recent rally to record highs has changed, signaling a weaker stateside demand for the leading cryptocurrency.The seven-day moving average of the

The Bank of England and the Financial Conduct Authority need to reconsider certain proposals to regulate stablecoins, multiple industry groups say.Lobbying groups argue the proposals treat stablecoin issuers unfairly and harm their ability to earn revenue.Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.In November, the Bank of England

Bitcoin-centric stablecoin company OpenDelta raised $2.15 million in a pre-seed round led by 6th Man Ventures, CEO Konstantin Wünscher told CoinDesk.“We want to use bitcoin to create stable value in a fiat-denominated currency," Wünscher said in an interview.02:06Eisenberg's $110M Fraud Trial Opens; FSI Calls for Consistency in Stablecoin Regulation02:11El Salvador Bags Major Bitcoin Gains; Hong

Kenya has been consulting with bitcoin mining company Marathon Digital Holdings to hear its thoughts on energy and its crypto regime.The African nation depends on renewable energy, which is seasonal and capital-intensive.08:52Marathon Digital CEO: We're Bullish on Bitcoin07:01Mara CEO on Raising $23M to Spread Crypto Adoption Across Africa05:10Mara Raises $23M From Coinbase, Alameda to Spread