Prediction markets are gaining traction as a new growth area for Coinbase (COIN) and Robinhood (HOOD), as investors look beyond a weak first quarter for crypto trading and focus on future products, according to Cantor Fitzgerald analyst Ramsey El-Assal. El-Assal said “investors are increasingly treating quarterly releases as retrospective,” with their attention shifting to “forward-looking […]
Carmine Agnello, the grandson of mob boss John Gotti, was sentenced to 15 months in prison for defrauding the US government’s Covid funding system of $1.1 million, which he used to invest in crypto, the Justice Department said. In a statement Monday, the U.S. Attorney’s Office for the Eastern District of New York said Agnello
A major decentralized finance (DeFi) hack could prompt Wall Street firms to reassess the pace of their blockchain and tokenization efforts, a Jefferies analyst wrote in a report. The note follows a $293 million Kelp DAO exploit on April 18, in which attackers created uncollateralized tokens and used them as collateral to borrow other assets
Cryptocurrency and crypto markets fell on Tuesday as Federal Reserve chairman nominee Kevin Warsh said US President Donald Trump never demanded he cut rates when he took over the central bank. Speaking before the Senate Banking Committee, Warsh emphasized the independence of the Federal Reserve, fending off speculation about political pressure on rate decisions. “I
BTC Slides as Fed Chair Candidate Warsh Says Trump Didn’t Demand Rate Cuts Read More »
Cryptocurrency-friendly British fintech company Revolut has informed investors that it is targeting a valuation of up to $200 billion when it lists, the Financial Times reported on Tuesday. Europe’s largest fintech company recently said it would not seek to list until 2028 and had not set any formal valuation targets, following a share sale in
Revolut aims for $200 billion IPO just months after selling its shares for $75 billion Read More »
Aave, one of the largest decentralized lending platforms, was effectively frozen on Tuesday after all of its major lending protocols ran out of available funds, leaving users unable to withdraw billions of dollars in crypto, DeFi Warhold said in explaining what 100% utilization means. Around $5 billion worth of USDT and USDC stablecoins are effectively
AI-generated content may seem like an easy win for businesses, especially when the promise is simple enough to sell internally: publish more crypto content, cover more keywords, spend fewer resources, and generate more organic traffic along the way. On paper, this may seem cost-effective, and in some cases AI can absolutely help with research, structure,
Slop AI Created a Search Problem Crypto Companies Can’t Ignore Read More »
A new report commissioned by Coinbase sounds a cautious, but urgent, alarm: Quantum computing won’t break crypto tomorrow, but the industry can’t afford to wait. The 50-page paper, authored by an independent advisory board made up of prominent cryptographers and academics such as Dan Boneh of Stanford University, Justin Drake of the Ethereum Foundation and
Coinbase Advisory Board Warns Quantum Computing Threat Looms, Crypto Needs a Plan Read More »
DoorDash and a group of fintechs are integrating stablecoins into their live payment flows with the Stripe-led Tempo blockchain, the latest sign that blockchain-based money is entering traditional financial infrastructure. The payments-focused Tempo blockchain, developed by Stripe and venture capital firm Paradigm, said in a blog post on Tuesday that companies including DoorDash, Stripe, Coastal
DoorDash joins massive fintech push to bring stablecoin payments to merchants Read More »
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2101.48, down 0.2% (-4.06) since 4 p.m. ET on Monday. Ten of the 20 assets are trading higher. Leaders: XLM (+3.3%) and AAVE (+1.9%). Lagging behind: ETH (-0.9%)
Stellar (XLM) gains 3.3% while index falls Read More »
