Avalanche (AVAX) fell 4.4% and Polkadot (DOT) fell 4.1%, leading the index lower.
CoinDesk 20 performance update: index falls 2.3% as all constituents trade lower Read More »
Swiss digital asset bank Sygnum Bank and Starboard Digital have raised over 750 bitcoin BTC$87,924.33worth more than $65 million at current prices, for its BTC investment vehicle. The BTC Alpha Fund, offered by Sygnum in partnership with Starboard, is designed to generate returns on its bitcoin holdings without relying on price increases. The Cayman Islands-domiciled
Gold’s run is starting to look less like a constant trend and more like a crowd event. The yellow metal pushed through $5,500 per ounce late Wednesday, and at that rate its nominal value rose by about $1.6 trillion in a single day — or about the size of bitcoin’s entire market capitalization. It’s a
Gold in “extreme greed” as it adds the entire bitcoin market cap in one day Read More »
By Omkar Godbole (All times ET unless otherwise noted) They said bitcoin has a dual appeal: first, as a gold-like digital token with a limited supply of 21 million, and second, as a decentralized technology that allows anyone to move money transparently without intermediaries. Right now, it does not hold up as both a store
BTC is not gold and it also falls short for payments: Crypto Daybook Americas Read More »
Bulls took a breather over the past 24 hours as risk-off sentiment swept through global markets and pressured bitcoin BTC$87,680.12 back towards $88,000. Although the Federal Reserve’s decision to keep interest rates steady at 3.5%-3.75% was widely expected, growing geopolitical tensions and a rotation to safe-haven assets left crypto traders facing a sea of red.
Biggest tokens fall, with derivatives signaling caution ahead Read More »
Crypto payments firm BCB Group has named Tim Renew as its new CEO, naming the former deputy CEO to lead the institutional digital asset provider through its next phase of growth. Co-founder Oliver Tonkin will move into the role of president, where he will continue to focus on strategy, culture and long-term development, the London-based
Crypto payments firm BCB Group names Tim Renew as CEO in leadership shakeup Read More »
An onchain indicator suggests that most bitcoin BTC$87,826.29 investors are currently under pressure, with 63% of all wealth invested in the largest cryptocurrency having a cost basis above $88,000, according to data from Checkonchain. This means that the majority of the capital entered the market at a higher price than BTC is trading today. Invested
More than half of BTC’s invested supply has a cost base above $88,000 Read More »
Shares of Circle ( CRCL ) rose 4% on Wednesday after Japanese financial giant Mizuho upgraded the stock to neutral, pointing to an increase in activity on crypto-prediction platform Polymarket as a new growth driver for Circle’s stablecoin, USDC. “When we initiated CRCL with an Underperform … Our concern at the time was that poor
CRCL upgraded to neutral from underperform at Mizuho Read More »
The weaker dollar fails to spur bitcoins BTC$88,126.87 usual rally, and JP Morgan Private Bank explains the unexpected behavior as a window into the nature of the US currency’s decline. The dollar index (DXY), which measures the dollar against a basket of peers, has fallen 10% in the past year. Bitcoin, which historically gains during
Weaker dollar fails to spur BTC rate gains, here’s why from JPMorgan Read More »
Five Wall Street firms met with the Securities and Exchange Commission’s Crypto Task Force on Tuesday to discuss regulatory approaches to digital assets and decentralized finance (DeFi) and how tokenized securities should be treated under existing federal laws. According to the SEC memo, published Tuesday, representatives from the Securities Industry and Financial Markets Association (SIFMA),
Wall Street Takes Tokenized Securities Case to SEC, Highlights DeFi Implications Read More »
