Markets Daily Crypto Roundup

Bitcoin News Roundup for Feb. 25, 2021

With BTC creeping back above $50K and a new look at China's "Tether Premium," CoinDesk’s Market Daily is back with the latest news roundup.

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ABOUT

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With BTC creeping back above $50K and a new look at China's "Tether Premium," CoinDesk’s Market Daily is back with the latest news roundup.

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This episode is sponsored by Nexo.io.

Today's stories:

Bitcoin Outflows From Coinbase Suggest Institutions Are Buying the Dip

Big money continues to chase bitcoin on dips, blockchain data shows.

Planning to Short Bitcoin? Better Check China’s ‘Tether Premium’ First

Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.

Facebook Builds Out in NYC, Betting on In-Person Future (WSJ)

Coinbase’s Financials Are Now Public Ahead of Stock Market Listing

Federal Reserve Explains ‘Preconditions’ for a Digital Dollar

Nvidia Estimates Ethereum Miners Contributed 2%-6% of Q4 Revenue

Coinbase Has Held Crypto Assets Like Bitcoin on Its Balance Sheet Since 2012

Bitcoin ‘Too Volatile’ to Be Global Medium of Exchange, Says Berkshire’s Charlie Munger

HOST

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.

Adam B. Levine