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3/11 Evening Briefing: New GBTC Subscription Suspension, Honeycomb Account, US 10-Year Treasury Bond Interest Rate

3/11 Evening Briefing: New GBTC Subscription Suspension, Honeycomb Account, US 10-Year Treasury Bond Interest Rate

March 10, 2021 20:51 by NewsDesk
Reporter Kim Dong-hwan

US inflation indicators took a breath… Bitcoin exceeded 65 million won

As major inflation indicators in the United States fell below expectations, the price of Bitcoin once recovered to the level of $57,200 each (65.5 million won based on Upbit) on the 11th. The main indicator that played a role in the price of bitcoin was the increase in the US CPI for February, released on the night of the 10th. The market forecast was 0.2% higher than the previous month and 1.4% higher than the previous year, but the actual indicators were 0.1% higher than the previous month and 1.3% higher than the previous year.

CoinDesk Korea does not operate an exchange

CoinDesk Korea never lends the names’CoDesk’ or’CoDesk Korea’ to cryptocurrency exchanges or investment information consulting. Recently, cases of impersonating themselves as’Coindesk’,’Coindesk Korea’, and’Coindesk KOR’ have been received through YouTube, KakaoTalk, and an unknown website. There are even cases in which they claim that they have received an investment from CoinDesk Korea. This is not all true.

Cryptocurrency exchange’Honeycomb account’ available until September

It has been confirmed that the so-called’Honeycomb account (corporate account)’, which is being used by a cryptocurrency exchange that has not signed a’real name confirmation deposit/withdrawal account (real name account)’ contract with the bank, can be used until September 24, which is the grace period under the Special Money Act. An official from the financial authorities told CoinDesk Korea on the 11th, “The corporate account used by the existing virtual asset provider (VASP) for deposit and withdrawal in won can be used until the grace period for the enforcement of the special money law.”

Vitalik Buterin “Improve Ethereum scalability by 100 times in the near future”

Ethereum founder Vitalik Buterin appeared on the podcast’Tim Ferris Show’ on the 10th and said, “Rollup can improve Ethereum scalability 100 times.”

Goldman Sachs “The demand for bitcoin investment is increasing”

Goldman Sachs, an investment bank in the United States, said the demand for bitcoin investment is increasing despite regulations from financial authorities. Reuters reported on the 10th (US time) that John Worldron, Chief Operating Officer (COO) of Goldman Sachs, said, “Customer demand for bitcoin ownership and investment is increasing, and we are operating a cryptocurrency trading desk again to respond.” It was reported that he said.

Grayscale stops raising new GBTC funds

US digital asset management company Grayscale has stopped raising new funds through the Grayscale Bitcoin Trust (GBTC). Earlier, GBTC was traded at a price of about 15% lower than the price of Bitcoin (BTC). Competitive products such as the Bitcoin Trust Fund launched by other companies and the Bitcoin Listed Index Fund (ETF) recently approved by Canadian financial authorities have emerged, and GBTC has been trading at a price lower than the BTC price in recent weeks.

Israeli pension agency invests $100 million in grayscale bitcoin trust

A large Israeli pension institution invested indirectly in BTC (Bitcoin) through a grayscale trust. Israeli media Globes reported on the 10th that the pension institution Altshuler Shaham purchased a Grayscale Bitcoin Trust (GBTC) worth $100 million in the second half of last year.

Financial Services Commission reorganizes’Financial Laundering Prevention Penalties’ for virtual asset business operators

On March 25, the Financial Services Commission unveiled its policy of imposing a fine for violating the obligation to take action by a virtual asset business operator (VASP) ahead of the enforcement of the amendment to the Act on the Use and Reporting of Specific Financial Transaction Information (Special Law). The Financial Services Commission announced on the 10th that through a press release, it is announcing a change in regulations regarding the establishment of a new standard for imposing a penalty for virtual asset businesses.

Short news today

Coinone hired former military personnel in the first half of 2021

Coinone, a domestic cryptocurrency exchange, announced on the 11th that it will be hiring former military personnel in the first half of 2021. A total of 00 people including wallet development, iOS development, AOS development, backend development, DevOps engineers, etc. for the development job group, and a total of 00 people including web designer, service planning, compliance, operation support, listing support, VIP sales, PM, etc. Recruitment. Recruitment is always in progress on the Coinone website, and you can submit your free-form resume via the official coinone recruitment email. Anyone over the age of 18 who has no reason to disqualify for overseas travel can apply.

For reports and press releases, [email protected]

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Tags 10year, Account, bond, Briefing, evening, Evening Briefing, GBTC, Honeycomb, Interest, rate, Subscription, suspension, treasury

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