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Bitcoin News Roundup for Feb. 11, 2021

With BTC setting a new record above $48K and Mastercard implementing crypto payments, CoinDesk’s Market Daily is back with the latest news roundup.

Reflexer Labs Raises $4M to Build Out ETH-Backed Stable Asset, RAI

Pantera and Lemniscap co-lead a bet on stability in DeFi without the U.S. dollar.

Avalanche Developers Rush Client Patch as ‘Bug’ Slows Blockchain Transactions

A "cross-chain finality" bug has forced the network into "self-healing mode."

Alabama Man Charged Over SIM Swap Hacks That Stole $150K in Crypto

Joseph Chase Oaks allegedly used SIM-swap hacks to access victim's online accounts between August 2018 and October 2019.

SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP

Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.

Bitso Buys Gibraltar-Based Crypto Derivatives Platform Quedex

Mexico City-based Bitso plans to incorporate Quedex’s high-performance trading engine across the exchange.

CME Ethereum Futures, Explained

Ethereum futures are now live on the CME exchange. But what does that mean exactly and how do you trade them?

First Mover: Bitcoin at Center Stage (and Record High) as Mastercard, BNY Go Crypto

Bitcoin's price hits new all-time high over $48,000 despite U.S. Treasury Secretary Janet Yellen's warning that cryptocurrencies are prone to illicit uses.

New Kraken Venture Fund to Target Early-Stage Crypto, Tech Startups

Kraken Ventures will operate autonomously, with financial backing from the exchange.

Uber CEO Says Company to Consider Crypto for Rides, Not Its Balance Sheet

The rideshare company will look into cryptocurrencies including bitcoin as a potential form of payment.

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