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Why $1 Million Bitcoin Is Coming

Nik BhatiaMar 1, 2021

If purchases by MicroStrategy and Tesla can send bitcoin rocketing, what happens when bigger players start entering the market?

Bitcoin

Bitcoin Heads Back Toward $50K, Rebounding From Disastrous Week

Omkar GodboleMar 1, 2021

The largest cryptocurrency was up more than 8% Monday, rebounding after its worst seven-day stretch since the coronavirus sell-off in March 2020.

MicroStrategy

MicroStrategy Keeps Stacking Sats With Additional $15M Bitcoin Buy

Zack VoellMar 1, 2021

MicroStrategy has bought another 328 bitcoin, bringing its total to 90,859 BTC.

Coinbase

Crypto Long & Short: How Coinbase Going Public Is Reshaping Trust in Markets

Noelle AchesonFeb 28, 2021

The data divulged in Coinbase’s long-awaited S-1 filing is eye-opening. But it’s what the document means for the crypto markets of today and the capital markets of tomorrow that is more meaningful.

Citi

Citi: Bitcoin at ‘Tipping Point’ as Institutions Come on Board

Jamie CrawleyMar 1, 2021

Looking forward, a Citi report suggests bitcoin could "become the currency of choice for international trade."

Crime

Crypto Crime Siphoned Off Nearly $10.5B in 2020: Research

Jamie CrawleyMar 1, 2021

Blockchain analytics company Coinfirm noted that scams and fraud account for two thirds of the funds misappropriated.

Matter Labs

USV Leads Round in Matter Labs as Ethereum Scaling Wars Intensify

William FoxleyMar 1, 2021

The round was joined by a host of cryptocurrency projects that are considering adding zkSync, including Coinbase, Aave and Curve Finance.

Markets

Bitcoin Risks ‘Spiraling Price’ on Environment, Regulatory Concerns: BCA Research

Omkar GodboleMar 1, 2021

ESG funds will seek to avoid bitcoin investment, the research firm noted.

Newsletters

CoinDesk Newsletters Get an Upgrade

Pete PachalFeb 28, 2021

From the latest crypto market movements to thought-provoking commentary, CoinDesk’s Newsletters bring the future of money to your inbox.

Opinion

Why Money Scarcity Means Someone Goes Hungry

Frances CoppolaMar 1, 2021

We don’t want to create so much money that it becomes worthless. But it is better to risk inflation than to deny people the means to live.

Funding Rounds

Canada’s CoinSmart Crypto Exchange Raises $3.5M for European Expansion

Tanzeel AkhtarMar 1, 2021

The exchange's owner is also planning a reverse takeover with the aim of listing on TSX Ventures.

Dogecoin

A Better Breed of DOGE? Developers Release New Core With Faster Synch Speed

Kevin ReynoldsFeb 28, 2021

Developers are trying to teach an old DOGE some new tricks.

Podcasts

Bitcoin News Roundup for March. 1, 2021

Mar 1, 2021

As BTC climbs back above $49K and ignores bearish chart patterns, CoinDesk’s Market Daily is back with the latest news roundup.

Data Breaches

Gab, Refuge for the Deplatformed, Hacked for ‘Pretty Much Everything’ Including Trump Data

Jamie CrawleyMar 1, 2021

The data, provided to a whistle-blower site, is not being made public over privacy concerns.

Payments

E-Commerce Giant Rakuten Now Lets Users Shop With Cryptocurrency

Tanzeel AkhtarMar 1, 2021

The move opens up crypto payments at thousands of merchants across Japan that accept Rakuten Pay and Rakuten Point Card.

Recent

Mining

Inner Mongolia to Shut Down Crypto Mining Industry: Report

Tanzeel Akhtar4 hours ago

The autonomous region has been under pressure to curb its energy consumption.

CBDCs

India’s Central Bank Sees Pros and Cons With National Digital Currency

Omkar Godbole5 hours ago

A CBDC could promote financial inclusion but also poses a risk of harming the banking system, the RBI said in a report.

Luxury cars

Supercar Maker Mazzanti Cruises Into Crypto With Bitcoin Payments, Token Sale

Sebastian SinclairToday at 10:53 a.m. UTC

Mazzanti's security tokens will provide a 50% revenue share in the sale of a special edition "hypercar," but so far interest has been limited.

Markets

Bitcoin Bounces Back Above $47K Despite Bearish Chart Pattern

Sebastian SinclairOmkar GodboleToday at 9:10 a.m. UTC

A bearish engulfing candle is just one signal among many market indicators and some analysts say the bull market is intact.

Bots

Bots Encouraged Buying of GameStop, Dogecoin in Meme Trading Craze: Report

Sebastian SinclairToday at 8:39 a.m. UTC

Posts hyping the craze on social media revealed patterns of keywords and were timed at regular intervals, cybersecurity firm PiiQ Media said.

Cryptocurrencies

Google Finance Adds Crypto Data Tab

Daniel KuhnYesterday at 10:17 p.m. UTC

The tool provides real-time and historical data for bitcoin, ether, litecoin and bitcoin cash.

INX

Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’

Daniel KuhnYesterday at 8:24 p.m. UTC

The exchange made history last year by conducting an initial public offering (IPO) on the Ethereum blockchain.

Tether

Tether Allegedly Received Ransom Note Demanding 500 BTC

Daniel KuhnYesterday at 7:54 p.m. UTC

“While we believe this is a pretty sad attempt at a shakedown, we take it seriously," the company tweeted.

Bitcoin Price

Bitcoin Tumbles to $43K, Lowest in Three Weeks

Bradley KeounYesterday at 5:34 p.m. UTC

Some analysts worry that rising bond yields might prompt the Federal Reserve to tighten historically loose monetary policy, prompting a correction in assets perceived as risky.