Digital Assets Newsletter 60
- Sequoia Capital launches $600 million crypto fund
- Circle revalued at $9 billion with new SPAC deal
- Bitcoin breaks below $40k resistance and reaches monthly low
- BlockFi to pay $100 million in fines to SEC over high-interest yield product
- Ukraine passes bill to legalize crypto
Business
Sequoia Capital Is Looking to Invest Up to $600 Million in Crypto Startup Tokens - Decrypt
Silicon Valley venture capital firm Sequoia Capital has launched a new crypto fund, with up to $600 million to invest.
Mathew Di Salvo
Circle to double in value to $9 billion with revamped SPAC deal – TechCrunch
Cryptocurrency company Circle has announced that it has terminated its previous agreement with Concord Acquisition Corp., a publicly traded blank-check company — a SPAC. At the same time, it has reached a new deal with Concord Acquisition Corp. for a new merger. If the transaction goes through, Cir…
Romain Dillet
Fidelity rolls out Europe’s cheapest physically-backed Bitcoin spot ETP | Finbold
Investment management giant Fidelity International has launched a spot Bitcoin exchange-traded product (ETP) in Europe
Justinas Baltrusaitis
Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks
Warren Buffett reduces exposure to Visa and Mastercard.
Yashu Gola
Saudi Arabia Ministry of Culture launches NFT arts forum with Sotheby - UNLOCK Blockchain
Saudi Arabia Ministry of Culture and Sotheby’s and the Visual Arts Commission have partnered to launch an NFT digital arts forum in KSA.
News Desk
$120B Oil and Gas Giant ConocoPhillips Joins The Bitcoin Mining Fuel Business
ConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining.
Newton Gitonga
NYSE Wants to Be Marketplace for NFTs Just Like With Stocks
The New York Stock Exchange is stepping into the nonfungible tokens market with plans to do for digital assets what it does for stocks.
Crystal Kim
Twitter Adds Ethereum Wallet Support to Tipping Feature
The social media giant added the ability to send bitcoin tips in September but Ethereum addresses are new.
Zack Seward
Canadian Bitcoin ETFs Hold More than 62,000 BTC
North America is dominating today’s crypto market as Canadian Bitcoin ETFs are gaining popularity among investors.
JPMorgan Is the First Bank Into the Metaverse, Looks at Business Opportunities
The Wall Street bank has opened a lounge in blockchain-based Decentraland.
Ian Allison
Markets
Crypto Charts 57
Bitcoin The short-term chart suggests a move back above $45k is in play in the coming weeks, as soon as the current low is set The long-term chart suggests that Bitcoin’s macro uptrend is in play as long as $28k isn’t reached Ether The bearish short-term chart suggests that Ether
Rayan Khan
Market Intelligence 14
Weekly Price Action BTC price has remained almost unchanged, opening at $44.2k and closing at $43.6k which consitutes a weekly decline of just over 1% It has continued to trade within a tight range since breaking above $40k This range is currently between $41.6k and $45.6k,
Rayan Khan
Bitcoin price dips below $38K as crypto sentiment nears ‘extreme fear’
BTC price action stays below $40,000 after a geopolitics-inspired rout sends Bitcoin to multi-week lows.
William Suberg
Hash rate is not necessarily a leading indicator for price, but it does show that folks around the world are making extremely large long-term investments into mining #Bitcoin. https://t.co/QZApCwKSyH
— Zhu Su 🔺 (@zhusu) February 14, 2022
Regulations
Ukraine Passes Vote on Bill to Legalize Bitcoin
The Ukrainian parliament has passed a bill that grants virtual assets such as Bitcoin and Ethereum legal status in the country.
Timothy Craig
Crypto Lender BlockFi To Pay $100M in Fines to US Regulators - Blockworks
BlockFi is set to pay $50 million in fines to the SEC and a further $50 million to state regulators over its high interest crypto product
Stephen
Digital ruble trial goes live as Bank of Russia insists on Bitcoin ban
Clients of two Russian banks have completed a full cycle of digital ruble transfers through mobile banking applications.
Helen Partz
State Lawmakers in Illinois, Georgia Propose Tax Incentives for Bitcoin Miners
Lawmakers in Illinois and Georgia are hoping to give tax breaks to crypto mining companies
Sandali Handagama
UAE reportedly plans to issue federal crypto license for VASPs
The regulators reportedly took into consideration the Paris-based Financial Action Task Force guidelines along with ongoing crypto policies in the United States, United Kingdom and Singapore for framing its crypto license legislation
Prashant Jha
European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year – Finance Bitcoin News
The executive arm of the EU, the European Commission, is gearing up to start public consultations on the digital euro project next month.
Finance
Gary Gensler Says SEC Working With Crypto Exchanges To Adjust Rulesets and Promote Investor Protection - The Daily Hodl
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the agency is coordinating with digital asset exchanges in order to protect the interest of the public.
Daily Hodl Staff
Opinions
Here we go!
— Pomp 🌪 (@APompliano) February 15, 2022
ConocoPhillips, the $100+ billion oil producer, has announced that they are mining bitcoin in the United States.
Eventually every single major oil producer is going to mine bitcoin.
Crypto ‘best place’ to store wealth during Fed rate hike: Pantera CEO
Dan Morehead argued that bonds, stocks, and real estate will cop the brunt of the Fed‘s “massive policy U-turn,” concerning hiking interest rates.
Brian Quarmby
Readings / Podcasts
The Next Mega-Trade | Pantera
Blockware Intelligence Newsletter: Week 26
Bitcoin on-chain analysis, mining analysis, equity-analysis; overview of 2/11/22-2/18/22
Blockware Market Intelligence
BitDAO: What You Need to Know About the Investment DAO with Billions in Assets
BitDAO is one of the biggest investment DAOs. Let’s see what’s under the hood of this DAO supported by Bybit and other investors.
Tanyo Gochev