Bitcoin News Roundup for Jan. 15, 2021

January 15, 2021
The Last Cryptocurency
CoinDesk Feed
CoinDesk Feed

With the price of BTC bouncing off $40K and the Fed in no rush to issue its own token, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.

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This episode is sponsored by Nexo.io.

Today’s stories:

The U.S. dollar’s rise on the news may be playing spoilsport to the bitcoin bulls.

He estimated it will take “years rather than months” before the Fed releases a CBDC.

Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide.

Deltec Bank & Trust announced it had invested customer funds in bitcoin since the cryptocurrency’s price was around $9,300.

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South Koreans will vote on April 10 having considered crypto-related poll promises that the two main parties have made.The role of crypto may have become even more significant in this election than the previous one.In March 2022, former prosecutor Yoon Suk Yeol won the South Korean Presidential election by a margin of less than 1%

Michael Saylor’s $4.7B Bitcoin Bet Back in the Green

The bitcoin (BTC) holdings of MicroStrategy (MSTR) have again turned profitable as prices pushed towards $31,000 on Monday morning.The company's stash was deeply in the red late in 2022 as bitcoin slumped nearly 80% from its November 2021 peak, but catalysts such as a spot ETF and the upcoming halving event have helped bolster fortunes

USDe Holders Should Monitor Ethena’s Reserve Fund to Avoid Risk, CryptoQuant Warns

In the event of negative funding rates, Ethena’s current reserve fund would only be sustainable if USDe’s market cap was below $4 billion.Ethena generates a yield through a tokenized "cash and carry trade."CryptoQuant says Ethena would need to maintain a keep rate above 32% in the event of a bear market.00:52Existing Stablecoin Models Are Not

Insurance Broker Marsh Introduces $825M Crypto Custody Coverage

Insurance broker Marsh has introduced a digital asset custody insurance product providing capacity up to $825 million, the largest facility of its kind, the firm said in a press release on Tuesday.Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with

Bitcoin Posts Biggest Weekly Loss in Five Months as Dollar Liquidity Declines, Debt Ceiling Fears Return

Bitcoin (BTC) faced selling pressure in the week ended April 23 as bond yields rose and the U.S. dollar liquidity declined.The leading cryptocurrency by market value fell by 9% to $27,600, registering its largest single-week percentage loss since early November, according to data from TradingView and CoinDesk. The yield on the 10-year U.S. Treasury note…

3 Big Drivers Determining the Future of Crypto in the U.S.

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Crypto Exchange ShapeShift’s CEO Says Move to Collect IDs Was ‘Proactive’

Cryptocurrency exchange ShapeShift's controversial decision to require user identities wasn't forced upon it but signified a "proactive" step to reduce legal risks, according to CEO and founder Erik Voorhees. In comments to CoinDesk made over the weekend, Voorhees offered some hitherto unshared rationale behind a move that prompted criticism from some in the cryptocurrency community…

Blockchain Bites: China’s Miners, Africa’s Venmo and Cuba’s New Exchange

Apr 23, 2020 at 17:15 UTCPhoto by Nuno Alberto on UnsplashBlockchain Bites: China’s Miners, Africa’s Venmo and Cuba’s New ExchangeChina's rainy season reduces the costs of bitcoin mining but investors aren't biting, Starbucks and McDonald's will pilot the "digital yuan" and Openfinance is threatening to delist tokens on its platform. Top ShelfMiner HardshipsSpring usually draws…

BitTorrent Is Launching Its Own Cryptocurrency on the Tron Network

news BitTorrent, which pioneered peer-to-peer technology for sharing files on the internet, is creating its own cryptocurrency. Issued by the Singapore-based BitTorrent Foundation, the new BitTorrent Token (BTT) will run on the tron protocol, developed by Tron, which acquired BitTorrent in June of last year. The file-sharing software company claims to have 100 million users. Justin Sun,…

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