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BTC MEET T-BILLS: Wilshire Phoenix filed to launch the United States Bitcoin & Treasury Investment Trust ETF in May with NYSE Arca, hoping to become the first to get SEC approval for the first BTC exchange traded fund. Unlike other applications, this ETF would invest in both bitcoin and U.S. Treasury securities, known as T-bills. Full story
TECH WAR? Zuoxing Yang, founder and CEO of Shenzhen-based bitcoin miner maker MicroBT, is being held by Chinese police, CoinDesk has learned. He’s likely being questioned in an investigation over allegations of intellectual property infringement by the firm’s rival, Beijing-based crypto mining giant Bitmain, according to a source close to MicroBT. Full story
DOUBLED STAKE: Two Fairfax, Virginia pension funds now hold about 1 percent of their assets in Morgan Creek Capital – an investment which has more than doubled since taking their first position in the fund that closed in February. The new allocation came after seeing good preliminary results from the first investment, one of the funds told CoinDesk. Full story
JOBS, INDEED: Those seeking employment in the blockchain and cryptocurrency industry have reason to be positive, says employment search company Indeed. The number of sector-specific employment ads in shares per million on the popular job listing site rose by 26 percent from 2018–2019, according to the firm’s data. On the other hand, job searches within blockchain and crypto dropped 53 percent over the same period. Full story
DRUGS DEAL: A former narcotics trafficker pleaded guilty to charges that he laundered $19 million in profit through Silk Road. Prosecutors with the Southern District of New York announced a plea deal with Hugh Brian Haney on Thursday. Full story UNTANGLING BITCOIN: In the latest episode of Bitcoin Macro, Meltem Demirors, chief strategy officer of CoinShares and one of the most prolific voices in the crypto space, talks to CoinDesk about the three things that bitcoin represents. Listen here |
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| BEARISH SHIFT: Bitcoin has dropped below $9,000 as expected and is now trading near support around $8,800.With the long-held 200-day average support now breached, and a deeper decline to $8,500 may follow. A move back above the 200-day MA at $9,100 is needed to invalidate bearish pressure. Looking more long term, a bullish golden cross looks to be approaching on the weekly chart for the first time in 3.5 years. Full story |
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| | CRYPTO COLLEGE? Andreessen Horowitz will launch a cryptocurrency school to teach would-be entrepreneurs how to build blockchain businesses. “If this works the way we hope it does, it will be a new way to build start-up,” Chris Dixon, General Partner at Andreessen Horowitz told CNBC. The seven-week free course will begin in February, with 40 initial participants and then become free online. “If they do go start a company, we hope we’ll be one of their first phone calls but there’s no requirement for that,” Dixon said. |
WHO WON #CRYPTOTWITTER
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ETF expectations