{"id":1582,"date":"2021-02-18T13:28:20","date_gmt":"2021-02-18T21:28:20","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1582"},"modified":"2021-03-09T21:26:38","modified_gmt":"2021-03-10T05:26:38","slug":"february-2020-weekly-recap-1","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2021\/02\/18\/february-2020-weekly-recap-1\/","title":{"rendered":"February 2021 &#8211; Weekly Recap 1"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">February 1st, 2021 - Feb 8th, 2021<\/pre>\n<p>Welcome to our 1st weekly recap for February.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-1591\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/02\/feb120-1-260x160.png 260w\" sizes=\"(max-width: 2600px) 100vw, 2600px\" \/><\/p>\n<h2><\/h2>\n<h2>Crypto News<\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/elon-musk-supports-bitcoin-btc-on-verge-of-broad-acceptance\/\">[ELON] Elon Musk Supports Bitcoin, Says BTC on the Verge of Broad Acceptance<\/a><\/h4>\n<\/li>\n<\/ul>\n<div class=\"intro-text\" data-block_5fce5a2390270=\"\">\n<p>Spacex and Tesla CEO Elon Musk has clarified his position on bitcoin and dogecoin. He confirmed that he supports bitcoin, stating that it is \u201ca good thing.\u201d<\/p>\n<\/div>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/us-federal-reserve-seeking-manager-to-research-cbdcs-and-stablecoins\/\">[1] US Federal Reserve Seeking Manager to Research CBDCs and Stablecoins<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The U.S. Federal Reserve (Fed) has posted a job advertisement that seeks to hire a role related to stablecoins and central bank digital currencies (CBDC). The Fed is looking for a research manager to join its team to assess the \u201cbenefits and risks\u201d of digital assets.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/swiss-companies-issue-first-tokenized-asset-for-trading-under-new-national-blockchain-rules\/\">[2] Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/paypal-launches-business-unit-dedicated-to-cryptocurrency\/\">[3] Paypal Launches Business Unit Dedicated To Cryptocurrency<\/a><a href=\"https:\/\/btcmanager.com\/iota-partners-pantos-european-blockchain-rd-lab\/?utm_source=onesignal&amp;utm_medium=push&amp;utm_campaign=push%notification\"><br \/>\n<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/central-bank-of-nigeria-orders-banks-to-close-accounts-of-crypto-clients-as-remittances-via-traditional-corridors-drop-by-97\/\">[4] Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens \u201csevere regulatory sanctions\u201d to financial institutions that fail to comply.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/grayscales-crypto-assets-30-billion-institutions\/\">[5] Grayscale&#8217;s Crypto Assets Under Management Soar Past $30 Billion \u2014 &#8216;Institutions Are Here&#8217;<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/india-central-bank-rbi-digital-currency-paypal-exits-indian-payments-market\/\">[6] India&#8217;s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision \u201cvery soon,\u201d the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/bill-miller-multibillion-dollar-hedge-fund-bitcoin-exposure-gbtc\/\">[7] Bill Miller&#8217;s Multibillion-Dollar Hedge Fund to Add Bitcoin Exposure via GBTC<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Billionaire hedge fund manager Bill Miller\u2019s flagship fund will soon be able to add bitcoin exposure by investing in Grayscale\u2019s bitcoin trust (GBTC), according to its filing with the U.S. Securities and Exchange Commission (SEC). The fund currently has about $2.25 billion in assets under management.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/bitcoin-price-surpasses-44k-handle-eth-futures-launch-teslas-balance-sheet-btc-praised\/\">[8] Bitcoin Price Surpasses $44k Handle, ETH Futures Launch, Tesla&#8217;s Balance Sheet BTC Praised<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The price of bitcoin touched a new all-time high on Monday after the community discovered that Elon Musk\u2019s firm Tesla added $1.5 billion worth of bitcoin to the company\u2019s balance sheet. At press time, bitcoin is meandering over the $43k handle and has an overall market capitalization of around $814 billion today.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap February 1st, 2021 &#8211; Feb 8th, 2021 Welcome to our 1st weekly recap for February. Overview\u00a0 Crypto News &nbsp; [ELON] Elon Musk Supports Bitcoin, Says BTC on the Verge of Broad Acceptance Spacex and Tesla CEO Elon Musk has clarified his position on bitcoin and dogecoin. He confirmed that he supports bitcoin, stating<\/p>\n","protected":false},"author":4,"featured_media":1386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[30,52],"tags":[81,91,92,89,87,88,94],"jetpack_featured_media_url":"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/09\/bitcoin-blockchain-glow-blue1.jpg","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>February 2021 - Weekly Recap 1 &bull; SynQ<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/synq.tech\/a\/2021\/02\/18\/february-2020-weekly-recap-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"February 2021 - Weekly Recap 1 &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap February 1st, 2021 - Feb 8th, 2021 Welcome to our 1st weekly recap for February. 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