Quick weekly news:
- One of Switzerland’s leading banks now offers crypto trading: Read more here.
- Bitcoin Tops $51,000 As Coinbase Releases S-1: Read more here.
- Coinbase says the entire crypto market could be destabilized if Bitcoin's anonymous creator is ever revealed or sells their $30 billion stake: Read more here.
Other notable events include:
- Investment into Oxygen
-The development of a U.S. digital currency
Oxygen
Alameda Research is leading a $40 million investment into Oxygen, a Solana-based platform that aims to become a Robinhood for decentralized finance (DeFi). Multicoin, CoinDesk sister company Genesis Capital and CMS joined the round. The platform will be integrated into the Google Maps alternative Maps.me, in which Alameda has previously invested. CoinDesk’s Ian Allison dives in.
Digital dollar preconditions
With U.S. Federal Reserve Chair Jerome Powell saying 2021 is a crucial year for the development of a U.S. digital currency, the Fed issued a working paper outlining key requirements. Privacy issues, ease of use, security access and delivery mechanisms should all be on the table as Fed officials work to “sharpen” a digital dollar with the public’s help, the paper said.
Also, be sure to check out top altcoin gainers and losers of the week:
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