DeFi Daily News,February 17th, 2021

1. Bitcoin faced choppy markets for most of Tuesday after briefly trading above $50,000 for the first time during early U.S. trading hours. With some remaining bullish, other analysts and traders warned about near-term price correction. Bitcoin (BTC) trading around 48,810.95 as of 21:00 UTC (4 p.m. ET). Gaining 0.39% over the previous 24 hours, which trading range was between $47,088.84-$50,584.85.

2. According to the ChainNews and CoinDesk report, on February 17, SBI Digital Asset Holdings, a subsidiary of SBI, led the strategic financing of Swiss digital asset bank Sygnum and has raised US$30 million in the past six months. This round of financing will be used to help SBI expand its customer base and expand European and Asian markets. As of January 2021, the company’s assets have exceeded 500 million US dollars.

3. According to BlockBeats news, on February 16, the Ninth City, a US-listed company, announced that it had signed a USD 10 million framework agreement with a Filecoin mining machine service provider to purchase Filecoin mining machine server clusters and technical services in cash.


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