This Day In Crypto History @ 19 February - One Trillion Dollars & Carney Fails
Bitcoin keeps beating the records to help fill the days in This Day in Crypto History.
As crypto records go 19 February certainly saw a big one as BTC's market capitalisation broke through $1 Trillion for the first time.
This day also saw a Coinbase acquisition and a classic 'Bitcoin is a failure' pitch just three years ago...
19 February 2021 - Bitcoin Hits $1 Trillion Market Cap
Bitcoin continued its impressive 2021 rally to reach $53,700 which took its market capitalisation to $1 trillion for the first time.
Fueled by high profile buy-ins from the likes of MicroStrategy, Tesla, Grayscale and BNY Mellon Bitcoin continued its seemingly unstoppable run-up.
It remains to be seen if the ever growing amount of institutional money now in Bitcoin will lessen the volatility in any coming market corrections.
Bitcoin is now the 8th largest tradable asset in market capitalisation but is closing in rapidly on Alphabet (Google) at $1.4 trillion. And then comes silver at c $1.5 trillion...
19 February 2018 - BoE's Carney says Bitcoin "Pretty Much Failed"
Bitcoin's $1 trillion landmark puts former Bank of England Governor Mark Carney's comments just three years earlier in context.
Speaking to a group of students at London’s Regent’s University in 2018 Mark Carney declared that Bitcoin had "pretty much failed"...
“It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange...”
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BoE's Carney says Bitcoin has 'pretty much failed' as currency
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“BoE’s Carney says Bitcoin has ‘pretty much failed’ as currency” – Reuters | 10,825.45
19 February 2019 - Coinbase Acquires Crypto Surveillance Company Neutrino
Leading US based crypto exchange Coinbase announced that it had acquired blockchain intelligence company Neutrino.
Founded in 2016, Neutrino offers a platform specifically developed for companies operating in the cryptocurrency ecosystem. The platform enhances AML/KYC checks and procedures by setting up customised 'red flags' that involve checking the origin of incoming funds and verifying suspicious spending behaviors.
Neutrino's press release announcing the acquisition stated...
As Coinbase continues building out more products and services, Neutrino technology and expertise will be used to improve compliance processes, trustworthiness and transparency, as well as to better protect the end-to-end integrity of customers' cryptocurrency transactions as much as possible.
Help the Project and earn HIVE
Thank you to @johnspalding for being the first member of the community to contribute entries to This Day in Crypto History.
The offer still stands - 1 HIVE if you track down a suitable verifiable event that I use in a future 'This Day In Crypto History' post.
The empty days coming up that I am particularly keen to get entries for are...
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February 26th & 29th (!)
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March 2nd, 4th, 5th & 7th
If anyone does find an event for 29 February I will 4x the reward to 4 HIVE.
Events will have to be notable enough, with links to reputable websites for verification. Events can be posted in comments below or sent to me on Discord (Pennsif#9921).
A big day in Bitcoin (and crypto) history.
What record will Bitcoin be smashing for our enjoyment next...
Thank you for listening
Pennsif
[ graphic made by @pennsif]
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