Bitcoin BTC$62,128.76 is back to the levels observed at the beginning of February: almost $60,000. But this time, the response from institutions is completely different. Today, they are selling aggressively into the decline, ETF flows show, unlike February, when selling slowed as prices fell to near $60,000. This marks a fundamental shift in how institutions […]
ETF Flows Tell a Different Story Read More »
Bitcoin BTC$62,087.59 falling below $60,000 to hit a new cycle low left investors searching for someone to blame. According to Greg Cipolaro, global head of research at NYDIG, there probably isn’t just one. In a report last week, he argued that bitcoin and the broader crypto market face several overlapping headwinds weighing on prices. AI
Fears over AI, tech IPOs, quantum and strategy selling are all converging, says NYDIG Read More »
Bill Barhydt built Abra around a simple idea: crypto should work like a bank. In 2018, Abra became one of the first companies to offer what Barhydt describes as a comprehensive crypto banking service, allowing customers to trade, earn, borrow and make payments from a single platform. Eight years later, as the company prepares to
The Ethereum Foundation’s budget cuts, staff departures and leadership changes fueled weeks of criticism from parts of the blockchain community, but Joe Lubin, who helped found it and is now CEO of software developer Consensys, said the moves were a necessary development, not a crisis. Lubin, who has no role in the foundation, told CoinDesk
Foundation cuts and departures are not a crisis, says Joe Lubin Read More »
Send your questions about office, money, career and work-life balance to workfriend@PK Press Club. Include your name and location, or a request to remain anonymous. Letters can be changed. Collapse of boundaries Dear work friend, I occupy a role specially created to support a department head who is not my direct superior. Over the past
My boss is a manipulative guy. What can I do? Read More »
Guybrielle Madison keeps a stock of crunchy snacks hanging on the door of her pantry-turned-home office, where she works remotely as a debt collector at United Collection Bureau, a family-owned business headquartered in Toledo, Ohio. She prefers crackers, pretzels and cheese puffs. The louder the crunch, the better. Every time screams start to filter through
How People Working in Debt Collection Handle Caller Abuse Read More »
Crypto investors suffered one of their toughest weeks in years as a wave of selling wiped hundreds of billions of dollars from digital asset markets. Bitcoin BTC$60,590.40 fell 17.3% this week while ether (ETH) fell 22%, putting both assets on track for their biggest weekly declines since November 2022, when the collapse of Sam Bankman-Fried’s
Bitcoin (BTC) and Ether (ETH) suffer worst weekly decline since FTX crash Read More »
In March, when Meta announced plans to begin paying creators in USDC in Colombia and the Philippines, with expansion to more than 160 countries planned by the end of the year, the move was widely interpreted as another step for stablecoins’ entry into the financial mainstream. A company responsible for nearly $3 billion in annual
Meta pays creators in Stablecoins. Spending them is someone else’s problem Read More »
America’s largest banks are preparing a direct response to one of the fastest-growing crypto products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders announced Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half of 2027. The project would allow bank deposits to
The battle for digital dollars goes on-chain Read More »
James Wo, founder and chief executive of crypto investment firm DFG, says bitcoin remains the dominant institutional asset in crypto – and is unlikely to achieve the same status anytime soon. Speaking to CoinDesk at the Proof of Talk conference in Paris, Wo dismissed Bitmine Immersion Technologies President Tom Lee’s big prediction that ether would
