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Today’s Cryptocurrency Headline

Cryptocurrency custodian Fireblocks has acquired Israeli crypto payments platform First Digital Assets Group (First DAG). The terms of the deal were not disclosed, and Fireblocks co-founder and CEO Michael Shaulov said the company will use cash and equity for the acquisition. Thereafter, First DAG will become Fireblocks’ new business unit which will focus on payments. The new platform, set to be launched this spring, is designed to help Fireblocks enable stablecoin payments and B2B payments for institutional clients. Founded in 2017, First DAG has raised $21 million in funding to date.

BingX’s Bitcoin Chart

Source: TradingView& BingX

The latest announcement from MicroStrategy shows that the firm held 125,051 bitcoins as of Feb. 14, the same number reported earlier this month and did not add to its holdings during this period. BTC is almost flat over the last 24-hours and the momentum seems to slow down. On Feb. 14, bitcoin bounced off its 20-day exponential moving average ($41,938), but the bulls were unable to push it to the overhead resistance at $46,000, this implies the higher levels continue to attract sellers. Short term resistance remains at $46,000 and if buyers fail to hold the current level we could see BTC drop to $40,000.

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