Business

Bitcoin Falls to $87,000 Amid yETH Exploitation of the Year

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Bitcoin BTC$90,993.53ether ETH$3,007.72 and other major tokens slipped early Monday, extending a bruising close to November amid fresh panic from DeFi platform Yearn Finance. BTC, the leading cryptocurrency by market capitalization, fell over 3% to nearly $87,000 in early Asian hours. Ethereum’s native token ETH fell 5%, while SOL, DOGE, XRP fell over 4%, according […]

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Stablecoins drive 90% of Brazil’s crypto volume, tax authorities data shows

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Brazil’s crypto market moves billions of dollars a month, and regulators are taking notice. In a technical presentation at Blockchain Conference Brasil, Flavio Correa Prado, an accountant at Brazil’s tax authority, Receita Federal, revealed that crypto transactions reported under existing rules have reached between $6 billion and $8 billion per month. If current trends continue,

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Is the Bitcoin (BTC) Digital Asset Treasury Model Broken? Industry Banker says no

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Bitcoin Digital Asset Treasury (DAT) companies have been making headlines in recent weeks, and often for the wrong reasons. A sharp decline in the crypto markets and over 40% drop (as of November 27) in the share price of the world’s largest corporate owner of bitcoin, Strategy (MSTR), this year has led some to question

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Tether’s USDT downgrade brings old arguments back to the fore

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So old and crusty are concerns that Tether is either not upfront about the reserves backing its USDT stablecoin, or faces an imminent threat of being undercapitalized, that the crypto industry has developed its own two-word dismissive response: “Tether FUD.” Through soaring bull markets, the most brutal bear markets, the coming and going of charlatans

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Bitcoin ETFs Now BlackRock’s Top Revenue Source, Says Exec

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BlackRock’s bitcoin exchange-traded funds (ETFs) have become the firm’s most profitable product line, according to Cristiano Castro, director of business development at BlackRock Brazil. The number is remarkable considering that the firm manages over 1,400 ETFs globally and is the world’s largest asset manager with more than $13.4 trillion in assets under management. Speaking at

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Meet Denis Dariotis, the Billion-Dollar GoQuant founder who started trading at age 9

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Denis Dariotis, the 22-year-old founder and CEO of cryptocurrency-focused trading software company GoQuant, remembers the constraints and pressure of maximizing his trading portfolio while still in third grade at school. “I remember telling my teachers that I had to take 10 minutes out of class to check my portfolio when the market opened and closed,”

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Strategy (MSTR) CEO says his firm has ‘more flexibility than ever’ to continue buying Bitcoin

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Strategy CEO Phong Le says the company now has “more flexibility than ever” to continue accumulating bitcoin, citing a capital structure built on long-term debt, opportunistic equity access and no short-term refinancing pressure. On the latest episode of the “What Bitcoin Did” podcast, Le told host Danny Knowles that Strategy’s ability to raise capital through

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