January, 2021 | Crypto Profit Bot

Bitcoin News Roundup for Jan. 26, 2021

January 26, 2021

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With bitcoin hovering around $32K for a fourth straight day and top Ivy League universities said to be accumulating crypto, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today’s stories: The brain trust has blessed cryptocurrencies, with endowments […]

State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy

January 26, 2021

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Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime. Jan 26, 2021 at 4:00 p.m. UTC State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy Welcome to State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. I’m your host, Nikhilesh De. A number […]

Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

January 26, 2021

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Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement. Bitmain co-founder Jihan Wu (CoinDesk archives) Jan 26, 2021 at 3:37 p.m. UTCUpdated Jan 26, 2021 at 3:48 p.m. UTC Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO The power struggle within Bitmain’s leadership has finally […]

Questions About Tether Just Won’t Go Away. Does the Crypto Market Care?

January 26, 2021

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Is the price of bitcoin and other cryptocurrencies inflated because the backing of tether may not be as strong as people think it is? Tether CTO Paolo Ardoino(Ingrid Weel/Bitfinex ) Jan 26, 2021 at 3:23 p.m. UTC Questions About Tether Just Won’t Go Away. Does the Crypto Market Care? Stablecoins are a key cog in […]

Secure Messaging App Signal Reportedly Toying With Crypto Payments

January 26, 2021

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Staff at the firm are said to be worried the addition would bring bad actors and unwanted regulatory attention. Jan 26, 2021 at 3:01 p.m. UTCUpdated Jan 26, 2021 at 3:37 p.m. UTC Secure Messaging App Signal Reportedly Toying With Crypto Payments Private messaging app Signal is developing cryptocurrency payments and other features that reportedly […]

Galaxy, Coinbase Bet $25M on DeFi Using Terra Stablecoins

January 26, 2021

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The backing will help Terraform Labs build more apps on its Tendermint-based blockchain. Terra co-founders Daniel Shin and Do Kwon(Terraform Labs) Jan 26, 2021 at 3:00 p.m. UTC Galaxy, Coinbase Bet $25M on DeFi Using Terra Stablecoins Terraform Labs has raised $25 million in a new round from Galaxy Digital, Coinbase Ventures, Pantera Capital and […]

Big Guns Back $10M Investment in DeFi’s dYdX

January 26, 2021

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The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz and Polychain Capital. dYdX team(dYdX) Jan 26, 2021 at 3:00 p.m. UTCUpdated Jan 26, 2021 at 3:44 p.m. UTC Big Guns Back $10M Investment in DeFi’s dYdX Trading venue dYdX has raised $10 million in a Series B funding […]

BlackRock’s entry reflects a change in institutional outlook on crypto

January 26, 2021

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On Jan. 20, BlackRock, the world’s largest asset manager with over $8.7 trillion assets under management, appeared to have given the green light to two of its associated funds, BlackRock Global Allocation Fund Inc. and BlackRock Funds, to invest in Bitcoin futures. In this regard, the prospectus documents filed with the United States Securities and […]

With Yellen confirmed, Treasury moves forward with stalled crypto monitoring rule

January 26, 2021

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The Treasury has opened up the comment period for its self-hosted wallet requirements for another 60 days. 5777 Total views 21 Total shares The United States Treasury Department’s now-infamous proposal to require information on crypto transfers from exchanges to self-hosted wallets is back in motion. Per a Tuesday announcement from the Financial Crimes Enforcement Network, or […]

Bored with Bitcoin? The BTC bull run is about to return, this indicator says

January 26, 2021

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Bitcoin (BTC) hodlers hoping for a return to the bull run may not have long to wait, as a popular indicator gives cause for optimism. As compiled by on-chain monitoring resource Glassnode, data from the Bitcoin spent output profit ratio (SOPR) suggests that the current BTC price correction is almost complete. BTC price correction should […]

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Month: January 2021