Telsa Coverts 10% of its Balance Sheet to Bitcoin
Tesla converted about 10% of its balance sheet to Bitcoin last week, spending a total of $1.5 billion of its roughly $19 billion in cash holdings on Bitcoin.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Coinbase is Going to Go Public Via Direct Listing
Coinbase is forgoing an IPO and will go public via direct listing when it launches. The expected price is $200, putting it at about a $75 billion market cap.
Robinhood Traders Experience Forced Selling (That Doesn’t Happen in Crypto)
In cryptocurrency when a coin pumps the market decides what happens next.
Coinbase to Launch “Coinbase Asset Hub”
Coinbase will launch a new service called “Coinbase Asset Hub.” This is a product that allows asset issuers to list assets and do business with Coinbase.
Bakkt May Merge With Victory Park SPAC
Bakkt may merge with the Victory Park SPAC (VIH). VIH is the stock, VIHAW is the warrant to buy the stock at $11.50, and VIHAU is the stock + 1/2 a warrant.
Proposed FinCEN Self-Hosted Crypto Wallet Rule Could Throttle Innovation and Worse
The US Financial Enforcement Crimes Network (FinCEN) proposed a new rule for identification requirements for self-hosted crypto wallets.
Some Exchanges Drop XRP After SEC Lawsuit Against Ripple
The Securities and Exchange Commission (SEC) recently charged Ripple the unlawful issuance of securities in the form of sales for XRP.
ETHE Split 9-to-1
Grayscale’s Ethereum Trust (ETHE) did a split today. You’ll now see 9 times as many shares at 1/9th the price in your account.
CME Ethereum Futures are Coming
The CME Group has announced that Ethereum (ETH) futures will be launching in 2021. The expected launch date is February 8th, but is subject to regulatory approval.
Bitcoin Breaks $20k and Hits New All Time High
The day is finally here. Bitcoin has broken its previous all-time high of $20,000.