The Digital Assets Report 11

  • Coinbase went public last Wednesday, the 14th on Nasdaq:COIN Exchange
  • China now calls it an ‘investment alternative’ in a significant shift in tone
  • Turkey bans crypto payments
  • Liquiditations over the week-end
  • Microstrategy is paying its board of directors in bitcoin. HSBC has banned customers from buying Microstrategy shares.
  • ConsenSys raised $65 million in a funding round backed by JPMorgan and Mastercard
  • summation of this weekend's market calamity and subsequent $10B in liquidations
    • Insurance firm AXA Switzerlandnow allows customers to pay premiums in bitcoin

ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi – TechCrunch
ConsenSys, a key player in crypto and a major proponent of the Ethereum blockchain, has raised a $65 million funding round from J.P. Morgan, Mastercard and UBS AG, as well as major blockchain companies Protocol Labs, the Maker Foundation, Fenbushi, The LAO and Alameda Research. Additional investors …
Weekend Price Drop - Leverage and Misinformation
On Saturday night, the price of bitcoin (on Coinbase) dropped from over $60,000 at 8pm EDT to a brief low of $51,300 less than 3hrs later. Price has since recovered
After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone
China called bitcoin an “investment alternative” marking a significant shift in tone after regulators cracked down on cryptocurrency trading in 2017.
Turkey to Ban the Use of Crypto for Payments; Bitcoin Falls - CoinDesk
Turkey has introduced the “Regulation on the Disuse of Crypto Assets in Payments” affectively banning their use throughout the country.
The Coinbase IPO is a watershed moment for the industry that will suck in big-name investors, says CEO
Coinbase’s IPO ‘immediately reprices all the companies and all the deals in this space,’ said crypto exchange boss Kris Marszalek.