The Digital Assets Report 27
What happened last week ?
- Soros Fund Management CIO Dawn Fitzpatrick has authorized the trading of Bitcoin
- Point72, the $22B hedge fund of Steve Cohen, has also intimated throughout this year that it planned to get more involved
- Concern as Uniswap-backed 'DeFi Education Fund' dumps $10M worth of UNI
- Square is building a Bitcoin hardware wallet
- Circle is ready to go public via a SPAC for a $4.5b valuation
BUSINESS
Soros Fund Management Is Trading Bitcoin - sources
Fitzpatrick, chief investment officer for Soros Fund Management, in recent weeks gave the internal green light to actively trade Bitcoin and other cryptocurrencies, according to two people with knowledge of the matter.
80 Central Banks Looking at Digital Currencies Says Lagarde
There are at least 80 central banks around the world that are looking at digital currencies said Christine Lagarde, the head of the European Central…
Concern as Uniswap-backed ‘DeFi Education Fund’ dumps $10M worth of UNI
The DeFi Education Fund has dumped half of its UNI tokens, despite having originally pledged to sell its tokens over four to five years.
Square Bitcoin hardware wallet confirmed: Here’s what we know
In early June, Jack Dorsey revealed that Square was looking into the possibility of launching its own Bitcoin hardware wallet, one that, he said at the time, would be built “entirely in the o…
Cryptocurrency company Circle to go public in SPAC deal – TechCrunch
Circle has announced that it plans to become a public company. The cryptocurrency company will merge with Concord Acquisition Corp, a SPAC. Circle is better known as one of the founding members of the Centre consortium with Coinbase. Along with other crypto partners, they have issued USD Coin (USDC)…
MARKETS
Weekly Bitcoin USD Chart Analysis Calendar Week 27 - 2021
Bitcoin USD daily basis Bitcoin USD Chart Analysis - Stalemate accompanied by declining volatility Incipient selling at the beginning of the reporting
REGULATION
China’s Central Bank ‘Worried’ Stablecoins Pose Risk to Financial System - CoinDesk
“Global stablecoins may bring risks and challenges to the international monetary system,” said PBoC’s Fan Yifei.
Binance CEO says ‘compliance is a journey’ as world’s largest crypto exchange faces growing crackdown
“Compliance is a journey – especially in new sectors like crypto,” Changpeng Zhao, CEO of Binance, said in a blog post Wednesday.
EU to Propose New Agency for Crypto Crackdown - CoinDesk
The EU is to propose a new agency and new rules concerning crypto-asset transfers to fight money laundering.
OPINIONS
DeFi Reinvents the Bucket Shop for the Better
There are certainly risks to decentralized finance, but history reveals benefits to go along with those risks.