BitDigest February 10 · Issue #839

Feb 10, 2021
  • Bitcoin’s and ether’s recent jumps have driven Binance Coin and Chainlink to new highs    
  • ECB hints that it may effectively limit the amount of digital euros individuals can hold at the central bank
  • France’s market watchdog suggests European crypto providers would benefit if Europe had a single financial/crypto authority
BitDigest February 10 · Issue #839

The Headlines

BitDigest February 10 · Issue #839

ECB Looking to Protect Bank Deposits with Digital Euro Rollout

www.ecb.europa.eu
Fabio Panetta, deputy governor of the Bank of Italy and an executive member of the European Central Bank (ECB), says that the ECB is looking to avoid an impact to bank deposits by only allowing individuals to maintain digital holdings at the ECB up to a “certain threshold” possibly around €3,000 and could make it “unattractive above this amount by charging interest on deposits.
BitDigest February 10 · Issue #839

Europe Would Benefit from Single Crypto Authority

www.amf-france.org
The chair of France’s regulatory watchdog said the selection of a single financial authority, like the European Securities and Markets Authority, would be the best way to guarantee a level playing field for all crypto-asset service providers in the EU.
BitDigest February 10 · Issue #839

St. Louis Fed Sees Opportunities in DeFi

www.research.stlouisfed.org
📝The Federal Reserve Bank of St. Louis suggests that DeFi protocols “replicate existing financial services in a more open, interoperable, and transparent way” that could “potentially contribute to a more robust and transparent financial infrastructure,” but suggest that DeFi is still a “niche market with certain risks.“
BitDigest February 10 · Issue #839

North Korea Allegedly Behind KuCoin Theft

www.reuters.com
A United Nations inquiry into the theft of $281 million in cryptocurrencies from KuCoin found strong links to North Korea and accuses the Democratic People’s Republic of using stolen funds to support its nuclear and ballistic missile programs to circumvent sanctions.
BitDigest February 10 · Issue #839FILE/Gensler,%20Gary%20%20finalEA.pdf?utm_campaign=BitDigest&utm_medium=email&utm_source=Revue%20newsletter" target="_blank">

Gensler Seeking an Ethics Waver Over Crypto Matters

FILE/Gensler,%20Gary%20%20finalEA.pdf?utm_campaign=BitDigest&utm_medium=email&utm_source=Revue%20newsletter" target="_blank">
www.extapps2.oge.gov
Gary Gensler will seek an ethics waiver to participate in crypto matters allow him to receive a royalty payment derived from his “intellectual property rights in the MIT Media Lab Cryptocurrency Online Course.”
BitDigest February 10 · Issue #839

Rhode Island Proposes Blockchain / Regulatory Sandbox

www.legiscan.com
Lawmakers in Rhode Island have proposed the creation of regulatory sandbox and blockchain filling system allowing the Ocean State “to compete in the twenty-first century economy” and build a “more robust public-private partnership framework [which] is mandatory for economic success.”
BitDigest February 10 · Issue #839

DLive's Political Beliefs Questioned by Congress

www.cdn.vox-cdn.com
Members of the House Committee on Intelligence have sent a letter to decentralized streaming platform DLive accusing the platform of promulgating extremist views that incite offline conflict and violence following the platforms use to stream individual feeds from the January 6th storming of the US Capital.
BitDigest February 10 · Issue #839

Canaan Announces Improved Revenue Visibility

www.investor.canaan-creative.com
📈Chinese mining equipment supplier Canaan (NASDAQ: CAN) announced that its revenue visibility has improved substantially as a result of attaining purchase orders totaling more than 100,000 units of bitcoin miners from North American customers, but specific guidance was not provided.
BitDigest February 10 · Issue #839

BlockFi Launches Bitcoin Trust

www.prnewswire.com
Crypto lending platform BlockFi has launched the BlockFi Bitcoin Trust, an investment vehicle for investors seeking access to the leading digital asset. The Trust will charge a fee of 1.75% and already has $30 million in AUM.
BitDigest February 10 · Issue #839

Bitcoin for Everybody

www.twitter.com
🐦 MicroStrategy CEO Michael Saylor has introduced a free 12 hour online course to educate people about bitcoin on Saylor Academy, his only learning center.
BitDigest February 10 · Issue #839

$3 billion Bitcoin Seizure Tied to Corrupt Agents, Not Ross

www.fortune.com
Last November there were rumblings that a US Justice Department’s announcement that it had seized 70,000 bitcoin from “individual X” may actually be an attempt by Mt. Gox creator Ross Ulbricht to get an early release from his two life sentence jail term, but it now appears that the funds seized as part of new case against corrupt federal agents who were previously sentenced for extorting Ulbircht and the dark web marketplace.

Exchange, Custody and Product News

BitDigest February 10 · Issue #839

BitMEX Proposes Framework for Travel Rule

www.blog.bitmex.com
BitMEX has released the BitMEX Travel Rule Data Storage Principles as a non-copyright open source to suggest some gilding principles for virtual asset service providers response to the Financial Action Task Force’s recent data requirements.

Thoughts on the Ecosystem

BitDigest February 10 · Issue #839

Bitcoin is Responsible Alternative to Large Cash Positions

www.cnbc.com
CNBC’s Jim Cramer says bitcoin is “exciting” and “an alternative to a cash position, where you [earn] absolutely nothing,” suggesting it could be a “little inflated” but that it is “almost irresponsible not to include” bitcoin in your portfolio.
BitDigest February 10 · Issue #839

Central Banks Should Ban POW Currencies

www.twitter.com
🐦 Former British member of Parliament Nick Boles suggested the world would be better off avoiding proof-of-work currencies tweeting that “central banks should ban the trading of [bitcoin] and force anyone who holds [it] and wants to use it in any transaction, to exchange it for another currency that does not have such a damaging side effect.
BitDigest February 10 · Issue #839

Other Large Companies Unlikely to Copy Tesla's BTC Purchase

www.bloomberg.com
JP Morgan strategists do not believe other large companies will follow Tesla and add bitcoin to its balance sheets suggesting the recent 80% “volatility of bitcoin” would deter this decision, but “irrespective of how many corporates eventually follow Tesla’s example, there is no doubt that this week’s announcement changed abruptly the near-term trajectory for bitcoin by bolstering inflows and by helping bitcoin to break out above $40k.

Reports you may have missed

No reports found.

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

Already have an account? Sign In