{"id":1601,"date":"2021-03-04T16:44:01","date_gmt":"2021-03-05T00:44:01","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1601"},"modified":"2021-03-09T21:24:47","modified_gmt":"2021-03-10T05:24:47","slug":"february-2021-weekly-recap-4","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2021\/03\/04\/february-2021-weekly-recap-4\/","title":{"rendered":"February 2021 &#8211; Weekly Recap 4"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">February 22nd, 2021 - Feb 29th, 2021<\/pre>\n<p>Welcome to our 4th weekly recap for Febuary.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-1605\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/03\/feb22021-260x160.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:\/\/cryptopotato.com\/us-secretary-of-treasure-yellen-says-bitcoin-is-inefficient-for-transactions\/\">[1] US Secretary of Treasure Yellen Says Bitcoin is Inefficient for Transactions<\/a><\/h4>\n<\/li>\n<\/ul>\n<div class=\"intro-text\" data-block_5fce5a2390270=\"\">\n<p>Cryptocurrencies could succeed if properly studied, but bitcoin is a highly speculative and inefficient asset, said US Treasury Secretary Janet Yellen.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cointelegraph.com\/news\/can-t-beat-em-join-em-mastercard-and-visa-make-a-case-for-bitcoin\">[2] Can\u2019t beat \u2018em? Join \u2018em: Mastercard and Visa make a case for Bitcoin<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>On Feb. 10, Mastercard announced that it would start supporting a select few cryptocurrencies on its payment network. According to the payments giant, the inclusion of cryptocurrencies will allow customers to \u201csave, store and send money in new ways\u201d while opening up new opportunities for merchants as well.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cointelegraph.com\/news\/moneygram-suspends-ripple-partnership-citing-sec-lawsuit\">[3] MoneyGram suspends trading on Ripple, citing SEC lawsuit<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Global money transfer service MoneyGram says it has changed its relationship with blockchain payments firm Ripple amid the latter&#8217;s litigation with the Securities and Exchange Commission.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cryptobriefing.com\/indias-financial-regulator-orders-against-crypto-holdings-report\/\">[4] India\u2019s Financial Regulator Orders Against Crypto Holdings: Report<\/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>The Securities and Exchange Board of India (SEBI) has reportedly ordered stock promoters to exit all cryptocurrency holdings before raising funds.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cointelegraph.com\/news\/south-korea-fastracks-20-tax-on-bitcoin-and-crypto-profits-to-2022\">[5] South Korea fast tracks 20% tax on Bitcoin and crypto profits to 2022<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.theblockcrypto.com\/post\/95207\/bitfinex-tether-new-york-ag-settlement-lawsuit?utm_source=cryptopanic&amp;utm_medium=rss\">[6] Bitfinex, Tether settle with New York&#8217;s Attorney General for $18.5 million<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Crypto firms Bitfinex and Tether have settled with the New York Attorney General&#8217;s (NYAG&#8217;s) office, ending a legal dispute that began in mid-2019.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/coinbase-files-ipo-direct-listing-nasdaq-valuation-100b\/\">[7] Coinbase Files for IPO via Direct Listing on Nasdaq \u2014 Valuation Soars Above $100 Billion<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Cryptocurrency exchange Coinbase has filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC). The company has chosen the direct listing route and has applied for its shares to be listed on Nasdaq.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/dubai-based-crypto-investment-fund-to-convert-750-million-worth-of-btc-into-ada-and-dot-tokens\/\">[8] Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify their portfolios.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/philippine-crypto-exchange-demands-users-return-bitcoin-bought-at-6000-following-system-error\/\">[9] Philippine Crypto Exchange Demands Users Return Bitcoin Bought at $6,000 Following System Error<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Philippine crypto exchange Pdax recently suffered a costly technical failure \u2013 one that led to bitcoin trading at 300,000 Philippine pesos (around $6,000) \u2013 a discount of 88% to its current price.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap February 22nd, 2021 &#8211; Feb 29th, 2021 Welcome to our 4th weekly recap for Febuary. Overview\u00a0 Crypto News &nbsp; [1] US Secretary of Treasure Yellen Says Bitcoin is Inefficient for Transactions Cryptocurrencies could succeed if properly studied, but bitcoin is a highly speculative and inefficient asset, said US Treasury Secretary Janet Yellen. &nbsp;<\/p>\n","protected":false},"author":4,"featured_media":1184,"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\/06\/leather-wallet-business-cards1.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 4 &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\/03\/04\/february-2021-weekly-recap-4\/\" \/>\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 4 &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap February 22nd, 2021 - Feb 29th, 2021 Welcome to our 4th weekly recap for Febuary. 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