The Digital Assets Report 05
Business
- More institutions are rallying funds. Grayscale starts new funds including Tezos
- Ethereum has celebrated its 7th birthday and reaches its new all-time high to 1419$ early Monday morning
- Asia massive sell after rumors of a 'double spend' knocked confidence.
- DeFi ( Decentralized Finance) Market is an emerging with $ 25 billions holds into smart contracts
- Marathon Patent Group (MARA), Nasdaq-listed crypto mining company, is the latest publicly traded company to swap a cash treasury for bitcoin with 4,812.66 BTC ( $150millions)
- Coinbase M&A suggests a new area of competition for crypto companies, token security tokens will become mainstream this year.
Rothschild Investment Corporation increases stake in GBTC as institutional adoption grows
An SEC filing submitted by Rothschild Investment Corp reveals significant exposure to Bitcoin via Grayscale’s GBTC.
Explained: Double-spend or profit-booking, what spurred the Bitcoin sell-off?
In recent weeks, Bitcoin has been weaker when it's day time in Asia and stronger when it's night time in the United States. This suggests a change of pace in two parts of the world.Get latest Currency online at cnbctv18.com
DeFi Market Cap Reaches $45 Billion as Token Prices Shoot Up - Decrypt
Decentralized finance tokens have been growing rapidly and now make up 4.6% of the $1 trillion crypto market.
Crypto Miner Marathon Patent Group Buys $150M in Bitcoin - CoinDesk
Cryptocurrency mining company Marathon Patent Group bought $150 million in bitcoin for around $31,100 apiece during the recent price rout.
Grayscale has incorporated six more trusts, including ones for Chainlink and Tezos
Crypto asset manager Grayscale has incorporated six more trusts, including those tied to Chainlink (LINK) and Tezos (XTZ) tokens.
Crypto Exchange Giant Coinbase to Sell Shares Privately Ahead of Public Offering – Bitcoin News
The San Francisco-based cryptocurrency exchange Coinbase is purportedly planning to sell stock on Nasdaq’s private market ahead of the IPO.
Maps.me Raises $50M as MAPS Token Gets Listed in BitMax Amid Upcoming IEO - Asia Crypto Today
Maps.me raises $50 million in a funding round led by Alameda Research. Meawhile MAPS token gets listed in Bitmax as IEO is announced on FTX.
MARKETS
Crypto Charts 04
Last time we said > ‘I would close the current long and look to buy at 29700 , 25920 and 22126 withstops below 16220.’ An impulsive push above 34862 wand a break of the channel will signal the nextleg higher is underway. A move below 31017 will imply a larger correction istaking place. But we …
Two things may result in a Bitcoin blow-off top, says on-chain analyst
David Puell says there are two things that could cause Bitcoin to top out in the future.
Coinbase Says Institutions Beginning To Pour Money Into Ethereum in Addition to Bitcoin | The Daily Hodl
Crypto exchange Coinbase says institutions are beginning to spend large amounts of capital on the second-largest cryptocurrency, Ethereum (ETH).
OPINIONS
Ethereum will become the main asset for investors in 2021
For those who want to embody the old dream of the cryptocurrency community, which is to allow the exchange of value in the format of cross-blockchain transactions, then it will be Ethereum that takes them the first step in this direction.
This is what disruption looks like.
— Pomp 🌪 (@APompliano) January 25, 2021
Incumbents sharing uninformed and inaccurate opinions in an effort to dismiss their challenger.@lloydblankfein I’d be happy to spend an hour to educate you on Bitcoin and show why you may be misplaced in your opinion. pic.twitter.com/yLO5Nz2AAF
REGULATION
The United States updates its crypto AML/CFT laws
The U.S. is passing the most comprehensive set of reforms to the AML/CFT laws since the USA PATRIOT Act of 2001 coupled with proposed regulations and a notice.
Tether Produces More Than 2.5 Million Documents to NYAG - Decrypt
Tether and Bitfinex have produced millions of documents but claim they need more time to produce additional papers.