If someone threw away a lot of early bitcoin BTC$88,186.15 holdings, or a grandchild has persuaded an older family member to take a flyer on a coin or token, intergenerational wealth transfer these days can easily include crypto. Not so long ago, families in this position faced uncertainty about the basics: Does crypto count as […]
Russia has officially banned Ukrainian-founded cryptocurrency exchange WhiteBIT, escalating efforts to crack down on firms it says support Ukraine’s war effort. The country’s attorney general designated WhiteBIT and its parent company, W Group, as “undesirable organizations,” a legal label that criminalizes any activity involving the firm in Russia. Russian authorities accused the exchange of building
Russia Labels Crypto Exchange WhiteBIT ‘Unwanted’ Read More »
Jefferies, a Wall Street investment bank, said growing blockchain infrastructure and gradual regulatory progress are laying the groundwork for a new wave of tokenization of institutions in traditional finance (TradFi). Wide adoption, however, depends on clear rules for US market structures, it says. The bank pointed to the draft Digital Asset Market Clarity Act as
As if continued declines in the bitcoin price weren’t enough, shares of bitcoin miners that have changed their business plan to focus on AI infrastructure were mostly sharply lower on Monday following Nvidia’s $2 billion investment in CoreWeave. While the investment underscores the growing demand for high-performance computing as AI applications expand, it also highlights
Bitcoin miners Cleanspark, IREN and TeraWulf among those lower after NVDA/CRWV deal Read More »
The Senate Agriculture Committee postponed the markup hearing on its crypto market structure bill, previously scheduled for Tuesday afternoon, by two days. The committee had intended to let lawmakers debate amendments and vote on its version of the bill, which aims to define how the Commodity Futures Trading Commission can oversee crypto markets, but a
If Congress fails to pass market structure legislation this year, the US crypto market would not return to the enforcement-heavy environment of 2022 and 2023, but it would remain structurally constrained at a time when global adoption and institutional interest are accelerating, Wall Street brokerage Benchmark said. “The absence of legislation will see a structural
Delayed market structure that has seen a cap on US crypto valuations, says Benchmark Read More »
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2688.53, down 1.8% (-47.97) since 16 ET Friday. Two out of 20 assets are trading higher. Leaders: LTC (+1.3%) and APT (+0.3%). Backlog: POL (-4.0%) and ICP (-3.9%). The
Polygon (POL) falls 4%, leading index lower Read More »
Strategy (MSTR) continued its weekly bitcoin BTC$87,940.93 purchases last week, though at a reduced level from the $1 billion of purchases in the previous two weeks. Led by Executive Chairman Michael Saylor, MSTR added 2,932 bitcoin for $264.1 million, or an average price of $90,061 each. The company’s holdings now stand at 712,647 bitcoins acquired
Michael Saylor’s Strategy (MSTR) added 2,932 BTC last week Read More »
Strategy sells $257 million in stock, buys 2,932 bitcoin for $264 million
Strategy sells $257 million in stock, buys 2,932 bitcoin for $264 million Read More »
By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin is struggling to hold on as concerns over the strength of the yen and fiscal instability drove a divergence between crypto and traditional safe-haven assets. Bitcoin fell 0.8% in 24 hours to sit below $88,000, and ether lost more than 1.6% to just below $2,900.
BTC price trails gold as concerns over yen intervention weigh on risk assets Read More »
