The ongoing US government shutdown is already the second-longest in the country’s history and could break the record for longest next week. That doesn’t bode well for crypto legislation’s chances of actually becoming law in the near future. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government. […]
The government shutdown is approaching a record Read More »
Cathie Wood’s ARK Invest widened its crypto bets again this week, increasing its stake in Bullish by more than 105,000 shares, worth about $5.3 million. The purchase, spread across ARK’s three actively managed ETFs — ARKK, ARKW and ARKF — brings ARK’s total position in Bullish, CoinDesk’s parent company, to about 2.27 million shares worth
The Bitcoin White Paper, A Peer-to-Peer electronic cash systempublished by the mysterious and pseudonymous Satoshi Nakamoto, turned seventeen yesterday. Released on October 31, 2008, in the midst of the global financial crisis, the nine-page document laid the groundwork for what would become the world’s first cryptocurrency. The white paper outlined a vision for a decentralized,
BTC Whitepaper published on this day in 2008 Read More »
Europe’s landmark crypto regulation, MiCA, was intended to end the “Wild West” era of stablecoins. Proof of reserves, capital rules, redemption requirements: On paper, the framework looks reassuring. Yet, in practice, MICA does little to prevent the kind of systemic risks that can emerge when stablecoins become part of the global financial ecosystem. The irony
MiCA will not save us from a Stablecoin crisis. It could be building one Read More »
Tesla and Space X CEO Elon Musk says X will launch a standalone “X Chat” in the coming months while Chat becomes embedded in X, adding that its peer-to-peer encryption approach is “similar to Bitcoin” and that the system avoids ad hooks. Speaking on Friday’s “Joe Rogan Experience,” Musk said X has “rebuilt the entire
Elon Musk on Messaging Platform X Chat’s features and Bitcoin-like P2P encryption Read More »
US Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on Friday with a post on X that praised the network’s resilience and added a jab at Senate Democrats, saying the system “never shuts down” and suggesting lawmakers could “learn something from it.” The comment doubled as a political signal and
US Treasury Secretary Scott Bessent praises Bitcoin’s resilience Read More »
By Francisco Rodrigues (all times ET unless otherwise noted) Cryptocurrency prices have fallen over the past 24 hours, haunted by a sell-off in shares after major US tech firms Meta and Microsoft raised their AI investment forecasts, raising concerns about overspending. Bitcoin BTC$109,824.72 was little changed, falling 0.3% to around $110,000 on the 17th anniversary
Michael Saylor’s bitcoin BTC$109,786.85 Treasury company Strategy (MSTR) is exploring opportunities for credit securities in international jurisdictions as part of its goal to become the dominant global credit issuer. “We are also actively laying the groundwork for credit securities in international jurisdictions, positioning Strategy to become a dominant credit issuer globally,” said Phong Le, president
MSTR eyes global credit expansion with a focus on international markets Read More »
Cryptocurrency prices fell in the past 24 hours, with the CoinDesk 20 Index (CD20) losing 1.7% and all members lower. Token prices were hit by a sell-off in US stocks after tech firms Meta ( META ) and Microsoft ( MSFT ) raised their AI investment projections, raising concerns about overspending. Bitcoin BTC$109,485.27 was the
BTC Drops, XPL, ENA Fall as AI Spending Concerns Hit US Equities Read More »
Investment bank HC Wainwright upgraded Coinbase (COIN) to buy from sell and raised its price target on the stock to $425 from $300 before the crypto exchange reported third-quarter earnings on Thursday. The investment bank said its outlook for crypto prices had turned bullish as seasonal strength and growing institutional demand aligned with favorable regulatory
HC Wainwright turns bullish on Coinbase (COIN), double upgrades to buy with $425 target Read More »
