Vitalik Buterin announced the first Ethereum 2.0 hard fork. He published a plan for the Beacon chain, which will allow clients to use minimal technology for nodes through outsourcing.
The Russian State Duma approved a crypto taxation bill. The draft version of the bill recognizes crypto as property and will tax crypto trading.
Auction house Christie’s auctioned the first digital work of art through MakersPlace. The work of art is called “Everydays: The First 5000 Days,” by Mike Winkelmann.
In an interview on CNN, Microsoft announced they are not considering a Bitcoin investment—at least in the short term.
The Bahamas launched a card affiliated with mastercard for its central bank digital currency, the Sand Dollar. The Bahamas launched its CBDC in October of 2020.
The United States Department of Justice charged three North Korean hackers from the Lazarus Group. The investigation has been underway for the last 2 years.
Austrian regulators are looking to strengthen their crypto laws after a string of investment scams and fraud. “We see a great need for stricter regulation,” said FMA spokesman Klaus Grubelnik, continuing, “Fake offerings for stocks and gold have been around forever and these scams are now shifting to digital assets because of the hype.”
Bitcoin broke through $50,000, a long-awaited occasion, and is now trading steadily above the 50K mark.
Elon Musk argued in favor of crypto against a Peter Schiff Tweet. Schiff Tweeted, “According to @elonmusk “Bitcoin is almost as BS as fiat money.” So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. #Gold is not BS. It’s real money and better than both!” To which Musk replied, “An email saying you have gold is not the same thing as having gold. You might as well have crypto. Money is just data that allows us to avoid the inconvenience of barter. That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both.”
For more information on these stories, visit: Blockchains LLC: https://apnews.com/article/blockchains-smart-city-nevada-e53b6c504ccaf9071cbfb607074eb719 ETH 2.0: https://notes.ethereum.org/@vbuterin/HF1_proposal Duma: http://duma.gov.ru/news/50155/ | https://cointelegraph.com/news/russian-duma-prepares-bill-on-cryptocurrency-taxation Christie’s: https://twitter.com/ChristiesInc/status/1361670588608176128 Microsoft: https://twitter.com/jchatterleyCNN/status/1361728485589409797?s=20 Sand Dollar: https://www.businesswire.com/news/home/20210217005308/en Lazarus Group: https://www.justice.gov/opa/pr/assistant-attorney-general-john-c-demers-delivers-remarks-national-security-cyber Austria: https://www.bloomberg.com/news/articles/2021-02-19/austria-finance-regulator-sees-frauds-rising-amid-crypto-hype 50K: https://coinmarketcap.com/currencies/bitcoin/ Musk and Schiff: https://twitter.com/PeterSchiff/status/1362789659802238983?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1363007438455074825%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Felon-musk-says-btc-eth-prices-high-while-dunking-on-peter-schiff
Yesterday's trading was mixed. Early in the session, even with reports of economic slowdown in the US, traders were still buying, maybe thinking it solidified the accommodative Fed policies.
Yesterday’s narrative was somewhat bittersweet. On the one hand, Fed policies remain hyper accommodating, which is positive. On the other hand, the accommodating stance is based on lingering concerns about the economic recovery in the US (and also globally).
Bitcoin has fallen back below $40,000 today, as the denial from Amazon of the impending acceptance of Bitcoin as a payment method came through. Prices returned to our support level of $36,500 before rallying once more, a sign that this move may be supported by more than just click-bait headlines.