🗞 Daily Crypto News, February, 26th💰

avatar

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

image.png

🗞 Market Wrap: Bitcoin’s Below $50K as Investors ‘Wait and See’ Amid Market Reset

Bitcoin was trading within a narrowed range on Thursday, as investors and traders were cautiously optimistic after the latest pullback, which took bitcoin’s price down close to $45,000 earlier this week.

  • Bitcoin (BTC) trading around $49,194.33 as of 21:00 UTC (4 p.m. ET). Slipping 0.13% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $48,091.13-$52,076.32 (CoinDesk 20)
  • BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians.

In the derivatives market, bitcoin’s options open interest is slowly returning after it dropped Tuesday slightly from an all-time peak of about $13 billion on Sunday.

Ether moves with bitcoin amid a quiet market

The market for ether was largely quiet on Thursday, mirroring the activity in the bitcoin market and moving in a narrowed range of $1,556.38-$1,672.60 at press time.

“It’s notable that most of ether’s price action is actually driven by bitcoin, as it’s still stuck in the range that it has had versus bitcoin since late 2018,” said Jason Lau, chief operating officer at San Francisco-based exchange OKCoin. “I would continue to look at the ETH/BTC pair.”

🗞 Arca Debuting Bitcoin Trust to Challenge Grayscale

  • The Arca Accredited Investor Bitcoin Trust is taking minimum investments of $25,000.
  • Grayscale Bitcoin Trust is very popular, holding more than 3% of the total supply of BTC.

Arca, a digital asset management firm, has filed paperwork with the US Securities and Exchange Commission (SEC) to create a Bitcoin Trust.

The Arca Accredited Investor Bitcoin Trust has an immediate challenger in the Grayscale Bitcoin Trust, which is the largest institutional buyer of BTC. Grayscale Bitcoin Trust holds an estimated 3% of the 21 million BTC that will ever be in circulation and held $20 billion in assets under management at the end of 2020. Thus far, Arca has raised $100,000 from investors—it made its first sale on February 16.

🗞 Kraken Negotiating New Capital Raise at $10B Valuation

Kraken is reportedly in talks to raise new capital in a move that could see the company’s valuation soar to new heights.

The U.S.-based cryptocurrency exchange is currently in discussions with Fidelity, Tribe Capital and General Atlantic to raise an unknown sum, according to a report by Bloomberg on Thursday.

If approved and agreed upon, the new funding could more than double the company’s $4 billion valuation to around $10 billion, according to figures cited in the report.

🗞 Anchorage, Armed With Banking Charter, Raises $80 Million Series C

  • Anchorage pulled in investments from GIC, a16z, Blockchain Capital, Lux, and Indico.
  • The $80 million infusion will allow it to scale up its product offerings and reach new clients.

Anchorage, which last month became the first cryptocurrency firm to secure a federal banking charter, has closed an $80 million Series C round led by Singapore sovereign wealth fund GIC. Crypto investing mainstays a16z and Blockchain Capital, as well as Lux and Indico, also contributed funding.

Anchorage, which counts former US Federal Reserve Governor Kevin Warsh and famed hedge fund manager Stanley Druckenmiller as advisors, is a digital asset custody firm, meaning it holds other companies’ cryptocurrency for them. But it goes beyond mere storage, allowing clients to quickly move funds, stake assets to earn interest, and participate in protocol governance.

image.png

🗞 Daily Crypto Calendar, February, 26th💰

image.png

  • Basic Attention Token (BAT), Bitcoin (BTC), General Event (CRYPTO), Kin (KIN)

"This session is part of GA's Tech Week, a weeklong festival of free workshops, panel discussions, and interactive events exploring..."

  • SAND (SAND)

"A further 1.5m $SAND has been added to the Liquidity Mining pool - running until Feb 26th 2021!"

  • Wabi (WABI)

Wabi masternodes rewards distribution.

  • Hedera Hashgraph (HBAR)

"Scheduled (Feb 26, 2021, 18:00 UTC): Hedera will be upgrading the Testnet to v0.12.0... on Friday, Feb 26th 2021 at 18:00 UTC."

  • Birthday Cake (BDAY)

New token BGIFT will be airdropped to BDAY holders with the rate 1:1.

image.png

image.png

➡️ Youtube
➡️ LBRY
➡️ Twitter
➡️ Hive
➡️ Publish0x
➡️ Den.Social
➡️ Torum
➡️ UpTrennd
➡️ Read.cash
➡️ Spotify

➡️ Be paid daily to browse with Brave Internet Browser
➡️ A secure and easy wallet to use: Atomic Wallet
➡️ Invest and Trade on Binance and get a % of fees back

➡️ Check out my video on Unstoppable Domains and get 10$ off a 40$ domain purchase

➡️ Get 25$ free by ordering a free Visa Card on Crypto.com using this link or using this code qs4ha45pvh

image.png

20% of this article rewards wil go to the @hodl-fund account in order to support HODL Community Initiatives.

Find out more about HODL Community: Crypto Social Community and by following our community account @hodlcommunity

Helps us by delegating to @hodlcommunity

image.png

If you would like to delegate some HP to our community and support us; we give you back 90% of the curation rewards on a daily basis ! APR > 12% !

500 HP - 1000 HP - 2500 HP - 5000 HP

Make a good APR Curation by following our HIVE trail here


0
0
0.000
1 comments