Revolut, the London-based crypto-friendly fintech, said it has received a full banking license in the UK, allowing it to offer a wider range of services and provide deposit protection for eligible funds almost two years after receiving restricted registration. The company, valued at around $75 billion in a November funding round, created a new entity […]
Crypto-friendly fintech Revolut becomes a fully licensed UK bank Read More »
Mike McGlone, senior commodities strategist at Bloomberg Intelligence, who previously said bitcoin could fall to $10,000, reiterates his call that bitcoin could still fall below that level, a prospect several market analysts say would require an extreme macroeconomic shock. In an interview with EllioTrades, McGlone said the crypto bear market may not be over and
Bloomberg Strategist Doubles Down on Bitcoin’s $10,000 Call, But Peers Say It’s “Silly” Read More »
Stablecoin users will not benefit from any government guarantee on their money when the new US law is implemented to govern these tokens, Travis Hill, president of the Federal Deposit Insurance Corp., said. (FDIC). He also said the ban will include protections known as “pass-through insurance” in which financial companies obtain government protections on behalf
Wells Fargo (WFC), one of the largest U.S. banks overseeing $1.7 trillion in assets, has filed a trademark application for a new digital asset-focused platform under the WFUSD brand, signaling that the bank is moving deeper into crypto and blockchain. According to a filing with the United States Patent and Trademark Office (USPTO) on Tuesday,
Banking giant Wells Fargo (WFC) set to dive deeper into digital assets Read More »
Binance.US, the U.S. subsidiary of the world’s largest cryptocurrency exchange, has named Stephen Gregory as CEO, installing a compliance-focused executive at the helm at a time when competition among U.S. cryptocurrency trading platforms is accelerating. Gregory replaced Norman Reed on March 9, the company said in a statement shared with CoinDesk. He was previously US
Binance.US Chooses New Leader to Help It Fight for Dominance in a Crowded Market Read More »
After returning to the $69,000 zone early Wednesday morning in the United States, Bitcoin BTC$69,593.87 quickly reached almost $71,000. Other crypto assets, including ether (ETH), solana (SOL), and XRP, saw the same sharp rises. The gains appear to come as crude oil quickly reversed most of its session’s big gains, losing $3 a barrel in
BTC makes quick gain as oil falls $3 per barrel 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 1980.55, down 0.6% (-12.31) since 4 p.m. ET Tuesday. Eight of the 20 assets are trading higher. Leaders: ICP (+11.9%) and DOT (+2.2%). Lagging behind: HBAR (-1.8%) and
Hedera (HBAR) falls 1.8%, leading index down Read More »
Foundry Digital, one of the largest Bitcoin mining pools by hashrate, has announced plans to introduce a zcash (ZEC) mining pool by next month, expanding beyond BTC and integrating a large institutional operator into the privacy-focused network. With this new pool, Foundry aims to offer Zcash miners a US-based platform designed around the compliance checks,
Mining giant Foundry to introduce institutional zcash mining pool Read More »
VCI Global Launches AI Computing Treasury Strategy Using NVIDIA GPUs
VCI Global Launches AI Computing Treasury Strategy Using NVIDIA GPUs Read More »
Mastercard has launched a new crypto partnership program that brings together more than 85 companies in the digital assets and payments industry, with the aim of connecting blockchain technology more directly to the infrastructure that underpins global commerce. The program includes crypto exchanges, blockchain developers, fintech companies and banks such as Binance, Circle, Ripple, Gemini,
Binance, PayPal and Ripple join Mastercard’s massive new push into blockchain payments Read More »
