eToro Said to Be in Talks With Goldman About Possible $5B IPO: Report

Cryptocurrency trading/investment management platform eToro is considering going public in what would be a $5 billion IPO, according to a report by Israel-based news outlet Calcalist, which did not name any sources. Israel-based eToro is in talks with Goldman Sachs about possibly leading the offering, which would be completed by the end of Q2 2021. […]

CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest

The Chicago Mercantile Exchange (CME) has become the largest bitcoin futures exchange by number of open contracts, as institutional interest in bitcoin continues to grow. As of Tuesday, open interest on the CME stood at $1.66 billion, the highest among the major derivatives exchanges that including OKEx, Binance and Bybit, according to data from crypto […]

Payments Firm Simplex Becomes Visa Principal Member

Israel-based payments processor Simplex, announced Tuesday it has become a principal member of the Visa network. Through the membership, Simplex now has permission to issue Visa cards, giving its consumers access to digital currencies daily. “We’re excited to work with leading fintechs like Simplex who are helping to enable simple, secure, and compliant conversions between […]

OKEx Launches Real-Time Settlement for Derivatives Trading

Cryptocurrency exchange OKEx has introduced real-time settlement for the trading of derivatives on its platform which includes futures, options, and swaps allowing users to make withdrawals at any time. OKEx said the real-time settlement function will only be available with the trading of the ADAUSD swap today at 8 am UTC. Prior to the offering, […]

Grayscale Has $19B in Crypto Assets Under Management, Up from $16.4B Last Week

Digital asset manager Grayscale Investments has passed another milestone, reaching $19 billion in assets under management (AUM) on Dec. 28, up from the $16.4 billion announced last week. The latest ether AUM. Grayscale also has trusts for ethereum classic ($72.9 million), and others with less significant holdings including XLM and zcash. New York-based Grayscale is owned by Digital […]

India Mulls Imposing 18% Tax on Bitcoin Transactions

The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies. A proposal put forward to the Central Board of Indirect Taxes & Customs (CBIC) by the Central Economic Intelligence Bureau (CEIB) […]

Voyager Digital Takes System Offline Following Cyberattack

Publicly traded digital-asset brokerage Voyager Digital (OTC: VYGYF) was forced to take its system offline on Monday after a cyberattack compromised the exchange system. In a series of tweets, the Canada-based firm apologized and informed customers its domain name system (DNS) server was compromised but has since been recovered. “Unfortunately, I was faced with a […]

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency the U.S. Securities and Exchange Commission claimed last week is really a security. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,†Coinbase wrote. It will be fully suspended on Tuesday, Jan. 19, 2021 […]

Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish

Bitcoin has mostly traded in a tight, low-volume range Monday while some profit-taking from bitcoin into ether is appearing on the ETH/BTC charts. Bitcoin (BTC) trading around $26,822 as of 21:00 UTC (4 p.m. ET). Gaining 2.3% over the previous 24 hours. Bitcoin’s 24-hour range: $25,759- $27,447 (CoinDesk 20) BTC very near its 10-hour and […]

Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

Monday’s $4 million attack on the Cover Protocol, a decentralized insurance service, sent my mind to that classic nursery rhyme, There Was an Old Lady Who Swallowed a Fly. You know, the one where an unfortunate woman keeps eating ever larger animals to catch the previously swallowed animal. Decentralized finance faces a similar problem with […]

SEC Disapproves BOX Security’s Request to Report Stock Trading Data on Ethereum Blockchain

In a notice filed by the Securities and Exchange Commission Monday, the regulator declined to approve a rule change for tZero-backed BOX Exchange Inc. which intended to offer blockchain-based stock trade reporting. The proposal intended to have National Market System (NMS) stocks use BOX’s blockchain trading venue, also known as Boston Security Token Exchange LLC […]

Cover Protocol May Launch New Token Following Attack

Cover Protocol announced it’s exploring launching a new COVER token through a snapshot after its current one was abused in a minting attack by a “white hat†hacker on Monday morning. The hacker, which could be an individual or a small group, claimed responsibility for an exploit in the decentralized finance (DeFi) insurance project, tricking […]

2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years

Bitcoin has been declared dead or dying roughly 390 times since 2010. But this year it’s dying much less frequently. In 2020, bitcoin has been reported dead or dying only 11 times, per a list of these faux obituaries maintained by a Singapore-based website called 99 Bitcoins. Bitcoin’s yearly “obituary†count hasn’t been so low […]

Bitcoin Mining Company Riot Blockchain Passes $1 Billion in Market Cap

Nasdaq-listed bitcoin mining company Riot Blockchain (RIOT) reached a $1.08 billion market capitalization Monday after surging nearly 13% in early trading hours. Shares of the Castle Rock, Colo.-based firm have gained over 1,250% in 2020, currently trading hands above $16. Over the same period, bitcoin gained nearly 280%. Riot has aggressively expanded the size and […]

Whale Sightings Become Scarce, Removing Downward Pressure on Bitcoin: Analyst

A lack of whales with bitcoin (BTC) aplenty to sell may be clearing the way for the price of the leading cryptocurrency to rise further, according to CryptoQuant Chief Executive Ki Young Ju. Fewer “whales” – bitcoin holders possessing large balances – are depositing bitcoin (BTC) onto exchanges the past few days, according to CryptoQuant, […]

XRP is a Crypto Asset in Japan, Not a Security, Ripple Partner SBI Claims

Not everyone is turning their backs on XRP, the embattled native asset from San Francisco-based Ripple Labs. Japan-based financial services company SBI Holdings released a statement Monday saying under Japanese law XRP is a “cryptocurrency asset” The statement arrives after the U.S. Securities and Exchange Commission last week sued Ripple Labs claiming it made a […]

Cover Protocol Attack Perpetrated by ‘White Hat,’ Funds Returned, Hacker Claims

The Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, a so-called ‘white hacker’ claimed responsibility for the attack, saying all funds had been returned. This story is developing and will be updated.

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

Nasdaq-listed Marathon Patent Group, one of the largest enterprise bitcoin mining companies in North America, said it’s entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners for $170 million, more than tripling the size of Marathon’s fleet. “This purchase is the largest order in dollar terms as well as the single […]

CME’s Ether Futures Indicate Institutions Will Start Buying ETH in 2021, Messari Analyst Says

CME Group’s recent announcement that it will launch ether (ETH) futures on Feb. 8, 2021, is the “writing on the wall†that institutions will being buying the cryptocurrency next year, according to a pair of tweets by Ryan Watkins, an analyst at crypto data provider Messari. The price of the second largest cryptocurrency just topped […]

Ether Trades Above $700 for the First Time Since 2018

Ether prices soared on Sunday, trading above $700 for the first time since May 21, 2018. The native currency of the Ethereum network break above $700 marks a 11% gain in just 24 hours. Ether was as low as $624.76 in the 11:00 UTC (6:00 a.m. ET) hour, just five hours before changing hands at […]

Bitcoin’s Tops $28K for 1st Time, Hours After Crossing $27K; Market Cap Now Tops $500B

After eclipsing $27,000 for the first time ever only a few hours earlier, the price of bitcoin surged past $28,000 Sunday morning as the leading cryptocurrency’s recent meteoric rise continues. BTC’s market value now exceeds $500 billion. Recently, BTC has been leaving a string of broken records in its wake after passing the psychologically key […]

Crypto’s Choice: Join the Financial System or Fight It

This has been an extraordinary year. Not for a century has there been a pandemic on this scale. And although far fewer people have so far died from COVID-19 than perished in the 1918-19 “Spanish flu,†the economic damage is probably far worse. Governments shut down large parts of their economies to try to prevent […]

Bitcoin Tops $27K for First Time, Has Risen More Than $2K in a Little Over a Day

After hitting $25,000 on Dec. 25 and $26,000 on Dec. 26, quite naturally the price of bitcoin (BTC) soared past $27,000 early on Dec. 27 as the leading cryptocurrency’s recent meteoric rise continues. Recently, BTC has been leaving a string of broken records in its wake after passing the psychologically key $20,000 mark for the […]

Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?

U.S. Federal Reserve Chairman Jerome Powell is the winner of Forbes’ inaugural “Person of the Year in Crypto†award, an honor for which the central bank chairman is unlikely to make room on his mantel. Because Powell’s Fed effectively printed more than $3 trillion in new money, almost doubling the central bank’s balance sheet in […]

Bitcoin Tops $26K for First Time, Less Than a Day After Passing 25K

The price of bitcoin (BTC) passed $26,000, hardly resting after blowing through what was supposed to have been the landmark level of $25,000 less than 24 hours earlier. Recently, the leading cryptocurrency has been leaving a string of broken records in its wake at an increasingly rapid pace after passing the psychologically key $20,000 mark […]

B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report

Cryptocurrency market-maker B2C2 halted the trading of XRP with U.S.-based counterparties, effective this past Thursday, following the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs, according to a report in The Block. Non-U.S. clients can still trade the token but need to pre-fund all short trades, according to The Block report, which cited no […]

Deribit Adding Options to Allow Bitcoin Traders to Bet on Rally to $120K and Beyond

The folks at Deribit apparently think betting on a $100,000 bitcoin (BTC) price is so earlier-this-month because on Friday, mere hours before the leading cryptocurrency hit $25,000 for the first time, the crypto derivatives exchange announced contracts on $120,000 BTC with $140,000 coming soon. A week ago last Thursday, Deribit made waves in the cryptocurrency […]

Digital Currencies May Make SWIFT Redundant, Says Russian Central Bank: Report

Digital currencies may challenge and someday could make redundant the SWIFT global banking payment system, according to a Central Bank of Russia official, Russia Today reported. Given the pace of development of central bank currencies, several countries may launch one in the next five to seven years, according to First Deputy Governor Olga Skorobogatova, RT […]

Bitcoin Hits $25K for First Time Ever

The price of bitcoin (BTC) topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time. The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time high of $25,005.53 before falling back to $24,971.23, up 6.28% on the day. Year-to-date BTC is up more […]

UK Crypto Exchange EXMO Says $4M of Hacked Funds Was Through Poloniex

Cryptocurrency exchange EXMO said an estimated $4 million of the cryptocurrency stolen during a hack on Dec. 21 was through the exchange Poloniex.   The U.K.-based platform has estimated that a total of 6% of its cryptocurrency has been lost to the attack with an estimated $4 million being withdrawn through Poloniex. The dollar figure […]

Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

Cryptocurrency exchange Bitstamp said it’s halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commission’s recent filing, alleging XRP is a security. Other countries are not affected, Bitstamp said. This story is developing and will be updated. Read also: An SEC Victory in Ripple […]

Bitcoin Sets New All-Time High of $24,667.63, Giving HODLers an Xmas Gift

Bitcoin cut through $24,500 on Christmas Day, setting a new record high as the leading cryptocurrency’s ongoing rally continues the holiday season. The price of bitcoin continued to rise on Christmas day, setting a new all-time high of $24,667.63, before falling back to $24,442.24, up 5.92% on the day. With the latest price increase, bitcoin’s […]

Tierion to Repay ICO Investors Up to $25M Plus Interest in SEC Settlement

The U.S. Securities and Exchange Commission (SEC) ordered Tierion to pay back investors in its TNT tokens after finding the data verification startup’s $25 million initial coin offering (ICO) violated securities laws. TNT holders and ICO investors who sold their tokens at a loss have 60 days to ask Tierion for what is essentially a […]

Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

The Takeaway Bitcoin (BTC) traded around $23,310 as of 19:00 UTC (2 p.m. ET), slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $22,644.56 – $23,672.82 (CoinDesk 20) Derivatives market hints at more volatility ahead. With XRP’s sell-off, bitcoin’s dominance of the crypto market increases. Bitcoin prices, Dec. 23 – Dec. 24, 2020.Source: CoinDesk […]

Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers

Cryptocurrency exchange Livecoin has suffered what it called a “carefully planned attack.†The Russian exchange said in a web post it has “lost control of all of our servers, back end and nodes†and pleaded with clients to cease making deposits, trading or interacting with the exchange. “We were not able to stop our service […]

XRP Liquidations Soar as SEC Lawsuit, Token Airdrop Whipsaw Markets

Liquidations for XRP futures contracts have soared at year’s end as bullish signals in November followed by decidedly bearish news in December whipsawed the token’s price. Over $1.5 billion worth of XRP futures contracts have been liquidated since the start of November, per data from analytics provider Bybt. Barely $700 million in liquidated futures contracts […]

Coinbase, Other Big Exchanges ‘Between Rock and a Hard Place’ on Delisting XRP

What happens when a cryptocurrency once been positioned as a regulator-friendly alternative to bitcoin gets heat from regulators? Exchanges that trade XRP are about to find out. U.S.-based cryptocurrency exchanges have to consider whether to delist XRP in light of a Securities and Exchange Commission (SEC) lawsuit alleging it is an unregistered security issued by […]

Roisman Named SEC Chairman, Peirce Tweets

Elad Roisman has been named chairman of the U.S. Securities and Exchange Commission, according to a tweet by Commissioner Hester Peirce congratulating him on the position. The story is developing and will be updated.

Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago

Digital asset manager Grayscale Investments reached $16.4 billion in assets under management (AUM), up from the $13 billion the firm announced last week. Data tweeted by the firm showed its largest holdings remain in bitcoin, with the Grayscale Bitcoin Trust having $14.1 billion in the top crypto asset. The firm’s Ethereum Trust now has $1.81 […]

SEC Chairman Clayton Says Wednesday Is His Last Day in Office

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton said earlier Wednesday that his last day in office would be today, Wednesday, Dec. 23. Only the precise timing of this is a surprise. Clayton announced in November he would be leaving by the end of the year but hadn’t specified a date. Clayton certainly knows […]

Market Wrap: Bitcoin Rangebound as XRP Plummets After SEC Lawsuit

Bitcoin’s price continues to trade below $24,000 as legal action against Ripple Labs rattled the XRP market. Bitcoin is the only asset in the CoinDesk20 with a positive 24-hour return as of 4 p.m. ET. Bitcoin (BTC) trading around $23,500 as of 21:00 UTC (4 p.m. ET) gaining less than 1% over the previous 24 […]

First Mover: XRP Plunges 20% as Traders Assess SEC’s Ripple Suit

Bitcoin (BTC) was little changed, with prices appearing unable to hold levels above $24,000. “Bitcoin has moved vertically for a few weeks now and pullbacks will happen,†the Norwegian cryptocurrency-analysis firm Arcane Research wrote Tuesday in a weekly report. The bigger story Wednesday in digital-asset markets was the steep plunge in prices for the payments […]

Swiss Crypto Bank SEBA Raises $22.5M to Fuel Growth

SEBA Bank, a digital assets firm with a banking license in Switzerland, has raised 20 million Swiss francs ($22.48 million) in a Series B funding round, it told CoinDesk. Announcing the news Tuesday, SEBA said the investment primes the company to boost product offerings, as well as accelerate growth and international expansion. Both existing and […]

Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple

A lawsuit against Ripple Labs brought Tuesday by the U.S. Securities and Exchange Commission (SEC) is already having knock-on effects. OSL, the first regulated digital asset trading and brokerage platform in Hong Kong, announced that it is suspending trading in the XRP cryptocurrency at the heart of the SEC action. The platform tweeted Wednesday: The […]

Market Wrap: Bitcoin Recovers to Nearly $24K; Ether Rides Bitcoin’s ‘Coattails’

Bitcoin’s price recovered quickly from Monday’s small market sell-off, approaching a new resistant level at $24,000 Tuesday. Traders and analysts said it is because demand has continued to rise despite minor negative market movement. Bitcoin (BTC) trading around $23,433.85 as of 21:00 UTC (4 p.m. ET). Gaining 2.64% over the previous 24 hours. Bitcoin’s 24-hour […]

An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,’ Market Pros Say

The market for XRP could quickly dry up, causing prices to suffer, if the U.S. Securities and Exchange Commission (SEC) ultimately prevails in an expected lawsuit against Ripple Inc., analysts and traders said. Ripple’s chief executive officer, Brad Garlinghouse, warned Monday the SEC could file a lawsuit in the near future against his company over […]

Mining Firm Bitfarms Set to Reach 1.2 EH/s Hashrate, Deploy 3,000 New Machines

Publicly traded bitcoin mining company Bitfarms (BITF) announced its deployment of 1,000 Whatsminer M31S mining machines with another 3,000 set to be deployed in Q1 2021. The mining capacity expansion is set to push Bitfarm’s hashrate above 1.2 exahashes per second (EH/s), per an announcement shared with CoinDesk, just over one third of its target […]

Scaramucci’s Skybridge Invested $25M in New Bitcoin Fund

Anthony Scaramucci said his hedge fund Skybridge has invested $25 million in its new bitcoin fund. Skybridge has moved $25 million into the fund already, Scaramucci said during a Tuesday interview with CNBC. He said new investors can participate starting Jan. 4 2021. Fidelity Digital Assets is the bitcoin “back office” and “storage mechanism,” he […]

EXMO Exchange Now Says It Lost 6% of Total Crypto Assets in Monday’s Hack

Cryptocurrency exchange EXMO has given a new estimate for the amount of cryptocurrency lost in a security breach Monday, saying nearly 6% of its total crypto assets were stolen. The U.K.-based platform had originally estimated that 5% of its cryptocurrency had been lost to the attacker. The total loss in terms of dollar value is […]

Los argentinos están cambiando su obsesión histórica con el dólar por DAI

En Argentina el dólar siempre ha sido la moneda extranjera más buscada. Pero por estos días la gente no para de hablar acerca de DAI, la moneda estable emitida por MakerDAO. Su volumen ya ha crecido por lo menos seis veces en lo que va de 2020, de acuerdo a información provista por los exchanges […]

Why Argentines Are Turning From Dollars to Stablecoins Like DAI

In Argentina, the U.S. dollar has long been the most wanted foreign currency. But these days people can’t stop talking about DAI, a stablecoin issued by MakerDAO. DAI’s volume has already grown at least six-fold this year, according to information provided by local crypto exchanges SatoshiTango, Decrypto and Ripio. Argentines, faced with a devaluation of […]

Riot Purchases Additional 15,000 Mining Machines From Bitmain

Nasdaq-listed bitcoin mining firm Riot Blockchain (RIOT) announced its purchase of 15,000 additional mining ASIC machines from Bitmain, pushing the total number of machines ordered by the mining company to over 31,000 in 2020. With its new machines, the Castle Rock, Colo.-based miner expects an expanded hashrate capacity of 3.8 exahashes per second (EH/s) in […]

FTX Coinbase Futures Soar 140% in First Hour of Trading

Cryptocurrency traders showed their excitement for FTX’s pre-IPO Coinbase (CBSE) futures Tuesday morning by pushing the price above $295, a roughly 140% increase from the listing price of $125. Newly launched Coinbase futures reported over $2.2 million in traded volume at last check, barely 12 hours after the market opened, making it the largest tokenized […]

Druckenmiller, Jones and Bitcoin’s Perfect Trading Machine

No group of speculators was more notorious in the 1980s and 1990s than Stanley Druckenmiller, Paul Tudor Jones and George Soros. Druckenmiller famously bet $2 billion on the Deutsche mark when the Berlin Wall came down. Soros and Druckeniller together made billions betting against the British pound when its peg collapsed in 1992. And Jones […]

First Mover: What People Said About Bitcoin In 2020 (Both Good and Bad)

Bitcoin (BTC) was higher, changing hands just above $23,000 after dropping for two straight days from a record high around $24,300. “The market looks to begin a consolidation phase above $22,000,†according to Matt Blom, head of sales and trading for the cryptocurrency firm Diginex. “Further attempts to drive the market lower are likely to […]

Craig Wright’s Wife Wins UK Lawsuit Over Bitcoin Trading Account Closure

Ramona Ang, the wife of controversial cryptocurrency industry figure Craig Wright, has won a lawsuit in the U.K. High Court over losses she incurred when the UFX exchange platform closed her account without returning her funds. In a ruling on Tuesday, Honorable Judge Justice Butcher granted Ang’s claim to equitable compensation, saying the Cyprus-based defendant […]

Crypto Exchange Coinbase Is Hiring for a New Canada Operation

San Francisco-based Coinbase announced Tuesday that it’s expanding its business into Canada and is currently seeking staff to help operate its new branch. In a blog post, the cryptocurrency exchange said the new offices are due to open in 2021, subject to the local coronavirus situation. It did not say where the Canada base would […]

Huobi Crypto Exchange Returning to US After Winning Nevada Trust License

Global crypto exchange Huobi Group is making its U.S. comeback after an abrupt departure over a year ago.  Huobi Tech – a Hong Kong-based publicly traded company acquired by Huobi Group founder and CEO Leon Li via a reverse takeover in 2018 – said a trust license has been approved by the Nevada Financial Institutions […]

‘There Is No Emergency Here’: Coinbase Asks FinCEN to Extend Comment Period on Wallet Regs

Leading cryptocurrency exchange Coinbase asked the U..S. Treasury Department to extend the comment period on proposed know-your-customer (KYC) requirements from 15 days to the typical 60 days normally afforded such proposals. Coinbase noted that the Financial Crimes Enforcement Network (FinCEN), part of the U.S. Treasury, asked for comments on 24 questions, each requiring detailed analysis […]

Market Wrap: Bitcoin Dumps to $21.9K; ETH 2.0 Affected Ether Locked in DeFi

After the past week’s record bitcoin volume for 2020, the price dipped on lower volume. Meanwhile, November’s dip in ether assets locked in DeFi can at least partially be attributed to the Ethereum network’s ambitious 2.0 upgrade. Bitcoin (BTC) trading around $22,843 as of 21:00 UTC (4 p.m. ET). Slipping 5.3% over the previous 24 […]

First Mover: As Markets Turn Ugly, Bitcoiners Thank Secular Trend

Bitcoin was lower for a second day, retreating following an eight-day streak of gains that was the longest since June 2019. “A period of consolidation could be beneficial,†Simon Peters, an analyst for the trading platform eToro, wrote early Monday in an email, “allowing things to stabilize and cool down.†In traditional markets, European shares […]

Crypto Exchange EXMO Says Hackers Have Stolen 5% of Total Assets

U.K.-based cryptocurrency exchange EXMO disclosed Monday that its hot wallets have been compromised and all withdrawal activity has been suspended.  In a blog post on Monday, EXMO said it had detected “large withdrawals” on Dec. 21 at 02;27 UTC, and reacted “immediately and re-deployed hot wallets.” Five percent of the total assets held by the […]

Puerto Rico-Based FV Bank to Offer Regulated Crypto Custody in the US

A Puerto Rico-based digital challenger bank is launching a custody service for digital assets, offering clients the chance to securely store and exchange major cryptocurrencies from early 2021. FV Bank (which stands for fintech ventures) announced Monday it has received permission from the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) to provide […]

Decentralized Stock Trading Launches on DeFi Platform Injective Protocol

Injective Protocol, a decentralized derivatives exchange platform, is launching trading in tokenized stocks of major companies like Google. Injective said Monday it would use Band Protocol’s oracle technology to provide decentralized price data for its new market. A second collaboration with decentralized payments firm Terra will provide historical price data from outside traditional market hours, […]

A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan

JPMorgan strategists have said the odds of a bitcoin correction would rise if flows into the Grayscale Bitcoin Trust slow down dramatically. Such a drop in flows into the largest bitcoin fund would increase the likelihood of a price correction similar to the one seen in the second half of 2019, according to a note […]

Bitcoin Price Rise Caps Best Week in 20 Months With 23% Gain

Bitcoin has gained 23% since Monday, ending the week trading just below $23,500 with its best weekly percentage increase performance since April 2019. Throughout its monster weekly rally, bitcoin’s price set new record highs in four of the past five days, reaching the current record high of $24,273 Sunday afternoon, per CoinDesk’s Bitcoin Price Index […]

Crypto Long & Short: Bitcoin Is More Than a Hedge Against Inflation – It’s a Hedge Against ‘Crazy’

As the year that felt like a decade on speed starts to draw to a welcome close, some of us are starting to try to make sense of the timeline of narratives and events. Most of us (myself included) are failing. And that in itself is an intriguing narrative, that sheds light on bitcoin’s rally. […]

US Lawmakers ‘Hours Away’ From Stimulus Bill, McConnell Says: WSJ

Negotiators on Sunday were hammering out final details of a $900 million pandemic stimulus bill with Senate Majority Leader Mitch McConnell saying they were hours away from completing the deal, the Wall Street Journal reported. Why this matters to the crypto world:1. Because the stimulus package would be a boost for stock markets, it could […]

The Graph’s Token Soars as a Bevy of Exchanges Add the Cryptocurrency

The price of the token for indexing protocol The Graph (GRT) has soared more than 55% in the last two days on Coinbase following its mainnet launch last week and a host of other cryptocurrency exchanges added the token to their list of offerings as well. Coinbase, Kucoin, OKEx, Kraken, Binance are among the exchanges […]

Square’s Cash App Now Lets Customers Get Bitcoin Back on Purchases

Cash App, the cash-transferal app of payments giant Square, is now allowing customers to get bitcoin back on every transaction. Previously, Cash App had only allowed clients to get U.S. currency back on transactions. In November, in the company’s Q3 earnings report Square said Cash App generated $1.63 billion of bitcoin revenue, up 11 times […]

Warp Finance Says It Recovered 75% of the $7.76M Funds Taken in Flash Loan Attack

Decentralized finance (DeFi) platform Warp Finance said late Saturday it’s recovered $5.85 million, or about 75%, of the $7.76 million in funds lost last week in a flash loan attack. “The loan collateral has since been secured by the warp finance team and will allow us to return approximately 75% of users’ deposited funds,” the […]

Dogecoin Jumps 20% After Elon Musk Twitter Shout-Out

Why Elon Musk is tweeting about dogecoin early Sunday morning is anyone’s guess. But the small cryptocurrency spiked 20% following the SpaceX CEO’s weekend Twitter antics. At 9:30 UTC, Musk opened Twitter and wrote to his 40 million followers, “One word: Doge.†DOGE immediately spiked to $0.0047, its highest mark since early July. At press […]

Tiny Capital’s Wilkinson Shows Interest in Bitcoin

Andrew Wilkinson, the multimillionaire co-founder of tech-focused holding group Tiny Capital, ignited a small firestorm on Twitter Saturday merely by inquiring about bitcoin. Of course, asking a simple question doesn’t mean that, Wilkinson, who’s been described as the Warren Buffett of startups, will ever buy a single bitcoin or even a blockchain-related startup, but it […]

Bitcoin Briefly Tops 24K, Setting New All-Time High

The price of bitcoin (BTC) topped 24,000, for the first time ever before falling back. The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time high of $24,122.67 before falling back to $23,880.12 , up 5.89% on the day. The story is developing and will be updated.

Jefferies’ Wood Cuts Gold Exposure in Favor of Bitcoin

Christopher Wood, global head of equity strategy at investment firm Jefferies, cut his exposure to gold for the first time in years in favor of bitcoin, Business Standard reported. Wood will be cutting the gold position in his long-only asset allocation for U.S.-dollar-based pension funds to 45% from 50% and initiating a 5% holding of […]

Market Wrap: Bitcoin Sits at $22.8K While $10B Locked in Top 5 DeFi Protocols

Bitcoin’s price has hung around $22,400-$22,800 after Thursday’s momentous spot volume day while brand-name DeFi protocols have the lion’s share of the market for locked crypto. Bitcoin (BTC) trading around $22,783 as of 21:00 UTC (4 p.m. ET). Gaining 0.68% over the previous 24 hours. Bitcoin’s 24-hour range: $22,357-$23,261 (CoinDesk 20) BTC above its 10-hour […]

On-Chain Data Suggests More Institutions Are Buying Bitcoin Over the Counter

Despite bitcoin trading near all-time highs, more institutions continue to buy bitcoin, and they’re using over-the-counter (OTC) trading firms to keep their purchases from impacting the overall market.  Unlike retail investors or smaller institutions that use crypto exchanges, large institutions usually trade bitcoin through the OTC market, noted John Todaro, director of institutional research at […]

Coinbase Picks Goldman Sachs to Lead Upcoming IPO: Report

Coinbase has tapped Goldman Sachs to lead its upcoming initial public offering, per a report by Business Insider that cited industry sources published Friday. Coinbase announced Thursday it’d filed preliminary documents with the U.S. Securities and Exchange Commission in preparation for a public offering. The cryptocurrency exchange picked Goldman despite the fact that some teams […]

First Mover: Bitcoin Rally Stalls as ‘DeFi Summer’ Proves Endless

Bitcoin (BTC) was little changed after climbing for six straight days, though prices appeared unable to hold fresh highs above $23K. “The market has paused for a bit to consolidate,†Joe DiPasquale, CEO of the cryptocurrency hedge fund BitBull Capital, told First Mover in an email. “This is normal behavior after major surges as market […]

FTX Seeks to Launch Coinbase Futures Market Ahead of Public Listing

Cryptocurrency exchange FTX is “working on†a pre-listing futures market for Coinbase after the U.S.-based exchange announced its S-1 filing Thursday. In a direct message with CoinDesk, FTX CEO Sam Bankman-Fried said his team has plans to offer Coinbase futures, once it gains clarity from regulators, which is not assured. FTX is currently in discussions […]