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Post by Abacus Sat Feb 13, 2021 3:26 pm

(February 11, 2021) Bitcoin hits record as US financial giants embrace cryptocurrency
The bitcoin price hit a record high on Thursday after two major US financial institutions announced new cryptocurrency projects,
edging digital assets closer to mainstream use in ordinary purchases and as an investment. Mastercard
said on Wednesday that later this year it would begin moving cryptocurrencies directly across its card payments network.
Previously, the company had only worked with crypto wallets and exchanges to move funds
after they had been converted from digital coins into fiat currency. And on Thursday, BNY Mellon,
the custody bank, announced that by the end of the year it would provide custody services for digital assets
on the same platform that clients use for traditional securities and cash.
The announcements helped to push the price of a single bitcoin above $48,000 for the first time.
bizjournals.com/triangle/news/2021/02/11/financial-times-bitcoin-record-cryptocurrency.html

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Post by Abacus Thu Feb 18, 2021 7:23 pm

(February 18, 2021) Google Ventures backs Blockchain.com $120 million funding
Today Blockchain.com, the cryptocurrency exchange and wallet provider, announced a $120 million fundraising that includes Google Ventures
alongside Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Lightspeed Venture Partners and others. Total funding to date exceeds $120 million.
The company shared some eye-popping figures. It has 65 million wallet users and claims that more than 28% of all Bitcoin transactions have used its wallet.
Bitcoin maximalists might latch on to the presence of Google. But Google Ventures has also invested in the likes of Uber and Slack.
Google Cloud is actively interested in public blockchains and distributed ledger technology (DLT),
as first highlighted when it joined the governance board of Hedera.
However, the company emphasized one of its main interests was hosting nodes on Google Cloud.
That has been the driver behind some of its other relationships, including with EOS.
ledgerinsights.com/google-ventures-backs-blockchain-com-120-million-funding/

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Post by Abacus Sun Feb 21, 2021 11:40 pm

(February 17, 2021) 'Dr. Doom' economist Nouriel Roubini says 'the Flintstones had a better monetary system than bitcoin' and the token should not be considered a currency
The NYU professor argued bitcoin and other digital tokens shouldn't even be considered currencies because they lack many of the basic traits currencies must possess.
When asked why bitcoin's price continues to surge, Roubini responded by saying "its surging because there is a massive amount of manipulation,
pump and dump schemes, spoofing, wash trading, and front running." "I think it's a bubble," the economist added.
Roubini also noted transaction costs and limits on the speed of transactions per minute could be an issue for the scalability of bitcoin.
Roubini isn't the only bear to question bitcoin's recent rise either, JPMorgan analysts highlighted the digital asset's volatility
and argued the price may fall from here in a note to clients on Tuesday.
markets.businessinsider.com/currencies/news/nouriel-roubini-economist-bitcoin-analysis-outlook-flintstones-cryptocurrencies-2021-2-1030093345

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