The most important crypto news of the week

Tesla is investing in Bitcoin, Christine Lagarde repeatedly expresses criticism and North Korea steals BTC – an exciting crypto week is coming to an end.

Tesla gets into Bitcoin and creates a bull crypto market

Elon Musk had been flirting with Bitcoin for some time. After the Tesla boss recently added a Bitcoin symbol to his Twitter status, the rumors intensified. As it emerged on Monday, February 8th from an application to the Securities and Exchange Commission (SEC), the company has now acquired Bitcoin for 1.5 billion US dollars.

That immediately caused the share price to jump sharply – one all-time high chased the next. Within 24 hours, the largest cryptocurrency rose by around 9,000 US dollars to the preliminary all-time high of 48,025 US dollars and thus posted a daily increase of 21 percent. The countdown to a walk-through to the $ 50,000 mark seemed set. Last week the price reached a fresh all-time high of 48,687 US dollars, and has since moved between 44,000 and 48,000 US dollars.

You can read more on the topic here .

$ 2 trillion: BNY Mellon gets into crypto

BNY Mellon is America’s oldest bank, managing approximately $ 2 trillion. As Forbes reported this week, the investment giant wants to offer and store Bitcoin and other cryptocurrencies for its customers this year. BNY Mellon is the first national custodian bank that has decided to introduce cryptocurrency deposits for its customers.

BNY top manager Michael Demissie identified Bitcoin and other digital assets as an emerging asset class. The reason for the step on the part of BNY Mellon is, among other things, the progress made in relation to the regulation of crypto currencies.

You can read more about this here .

North Korea steals bitcoin to fund nuclear program

It has long been suspected that North Korea finances its nuclear program through hacker attacks. A UN report now wants to provide evidence. According to a United Nations press release , the trail of the theft of $ 281 million worth of assets from a cryptocurrency exchange last September leads there. It is a currency robbery that is one of the largest reported to date. Analysts concluded that the Seychelles-based crypto exchange KuCoin suffered by far the greatest damage.

Apparently the hackers tried to smuggle the stolen money through decentralized exchanges by setting up individual currency exchange deals. In the case of centrally managed trading platforms, it would quickly have been noticed that the money was stolen.

Rumors have been around for some time that North Korea is hiring hackers to steal Bitcoin and other cryptocurrencies from stock exchanges to help finance dictator Kim Jong-un’s nuclear program.

You can find out more about the topic here .

Christine Lagarde is repeatedly critical of crypto reserves

The current soaring of Bitcoin and other cryptocurrencies is driving the monetary authorities into trouble. You see their influence waning as institutional and private investors become more confident in the crypto sector. The President of the European Central Bank (ZEB) Christine Lagarde took part in a conference call organized by the business magazine The Economist and presented her position on the subject. She said on Wednesday, according to media reports , that she doesn’t see Bitcoin as a real currency, adding that central banks won’t be holding it as a reserve currency anytime soon.

It’s very unlikely – I’d say it’s out of the question.