Bitcoin News Roundup for Jan. 5, 2021

January 5, 2021
The Last Cryptocurency
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With BTC back above $32K and a billion dollars worth of bitcoin exiting Coinbase, 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:

Analysts say the bitcoin market now looks less overheated than it did on Monday.

Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday.

Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.

With sales of physical art down because of the coronavirus pandemic, NFT-based artworks have taken off in 2020.

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Specialist investment firm Deus X has teamed up with Fabiano Consulting to explore investment and strategic opportunities in the bitcoin (BTC) mining sector.The firms are looking to be investors and treasury management providers for mining companies that are looking for funding and strategic advice, including expansion and corporate structuring, according to a statement.Deus X is

Jack Dorsey’s Block Bitkey Bitcoin Wallet Comes to Market in More Than 95 Countries

Jack Dorsey's fintech company Block (SQ) has unveiled its self-custody bitcoin wallet Bitkey for pre-order in more than 95 countries.Bitkey consists of a mobile app, hardware device and a set of recovery tools, Block announced on Thursday.Bitkey includes a mobile app, hardware device, and a set of recovery tools, according to the company. (Block/Business Wire)The

Australian Financial Watchdog Bans Local BitConnect Promoter for 7 Years

Sydney, Australia (Olga Kashubin/Shutterstock)An Australian man has received a seven-year ban by the country’s financial watchdog for his involvement with BitConnect, an alleged Ponzi scheme. As reported by the Financial Standard, the Australian Securities and Investment Commission (ASIC), New South Wales resident John Bigatton may not work in financial services for the multi-year period. An…

Looking at Some Unanswered Signature and Silvergate Bank Questions

I think it’s safe to assume people want certainty. Companies want to know they'll be able to tap banking services. For that to happen, banks need to be comfortable serving crypto companies. And for that to happen, they probably need to know what factors led to Signature becoming a failed bank – was it, as…

Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark

Benchmark said Bitdeer could be a potential takeover target The broker raised its price target for the bitcoin miner to $16 from $13. Core Scientific’s deal with AI hyperscaler CoreWeave has helped drive a re-rating of the sector, the report said. Bitcoin miner (BTC) Bitdeer Technologies (BTDR) has become an alluring takeover target, broker Benchmark

Australian Investment Group With Billions in AUM Starts Investing in Bitcoin Futures

Nov 24, 2020 at 10:22 a.m. UTCUpdated Nov 24, 2020 at 10:24 a.m. UTCAustralian Investment Group With Billions in AUM Starts Investing in Bitcoin FuturesPendal Group, an Australian Securities Exchange-listed investment manager with over A$100 billion (US$73.6 billion) in assets under management, is getting into bitcoin. As reported by the Australian Financial Review on Monday,…

What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

Oct 23, 2020 at 17:42 UTCUpdated Oct 23, 2020 at 18:08 UTC(Tingey Injury Law Firm/Unsplash, modified by CoinDesk)What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial RegulatorsWhen I first suggested Systemically Important Social Media Institutions (SISMIs) were the social media parallel to Systemically Important Financial Institutions (SIFIs), I did not expect the…

Mozilla Closes Holes That Led to Coinbase Hacks

news A pair of simple Mozilla vulnerabilities made it easier for hackers to phish Coinbase employees. The exploit, detailed by ZDNet, was a remote code execution attack that could force machines running Firefox to install spyware to capture passwords and other data. The two vulnerabilities – CVE-2019-11708 and CVE-2019-11707 – first appeared in April 15…

AI Tokens Lead Crypto Market Ahead of Nvidia Earnings, Bitcoin Under $64K

Major cryptocurrencies like Ether, Solana, and XRP showed slight losses over the past 24 hours, despite a general uptick over the weekend. AI-related tokens like Artificial Superintelligence Alliance's FET and Bittensor's TAO led the market gains, rising 8.8% and 4.7% respectively, ahead of Nvidia's anticipated earnings report. The broader market, represented by the CoinDesk 20

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