At some point, progress on the crypto industry’s top policy priority – the Digital Asset Market Clarity Act – becomes an insurmountable math problem, with too little time in the US Senate’s work schedule to allow for its passage. But the bill has now been formally proposed in the Senate, and industry lobbyists are still […]
Bitmine Immersion Technologies (BMNR), the largest holding company of Ether (ETH), is looking at losses of nearly $9 billion as the token’s slide below $1,800 lowers the value of its massive treasury. Shares of the company chaired by Tom Lee fell another 5.9% on Wednesday, falling below $17 and extending their decline to 28% since
ETH falling below $1,800 leaves Tom Lee’s Bitmine (BMNR) with an $8.9 billion paper loss Read More »
Bitcoin BTC$66,924.57 Recent struggles to rise in tandem with U.S. stocks have sparked a flurry of explanations, from concerns about Michael Saylor’s (MSTR) bitcoin-selling strategy to questions about whether institutional demand is starting to fade. Charles Schwab Director of Digital Currency Research and Strategy Jim Ferraioli sees a simpler explanation: Bitcoin is losing commercial momentum.
Bitcoin Isn’t Crashing Because of Saylor, It’s Losing Business Momentum Read More »
Another crypto-focused political action committee, the Defend Developers PAC, has joined the field of campaign finance operations that have in recent years put the industry on the political map. The newcomer won’t compete with the industry-leading super PAC, Fairshake, nor is it expected to reach the scale of mid-level committees that include the Tether-linked Fellowship
Newcomer DeFi expands scope for crypto political campaign funds as elections approach Read More »
Shares of IREN (IREN) rose more than 4% in pre-market trading on Wednesday after the company announced plans to build an 800-megawatt data center campus in South Australia, marking its first major Australian data center project. The agreement guarantees a high-voltage grid connection capable of supporting up to 800 MW of energy for the campus
shares the gain on the new AI data center Read More »
Kraken’s parent company offers crypto investors one of the most coveted opportunities on Wall Street: participating in IPOs at the same price as institutional investors. Payward, the crypto exchange’s parent company, said Wednesday that it will “soon” allow customers of Kraken and other members of its xStocks alliance to participate in U.S.-listed initial public offerings
A monthly research report from Bitwise’s European arm released this week pegs the theoretical “fair value” of bitcoin at around $224,000 if the asset were widely adopted as portfolio insurance against G20 sovereign debt defaults. The research team, however, described this figure as a “model-implied guideline figure, not a price target or forecast.” This figure
This model puts the fair value of Bitcoin at $224,000. Read More »
Julian Sawyer, CEO of Zodia Custody, described the company’s pending acquisition by Standard Chartered as a “major validation” that highlights a growing reality in traditional finance: traditional banks cannot securely and efficiently create institutional-grade digital asset custody without appropriate software. Instead of treating crypto as an isolated sector, Sawyer noted that the industry is reaching
Every bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer Read More »
A physical bitcoin BTC$66,803.93 of the legendary 2011-2013 Casascius coin, its holographic seal was removed on Wednesday and the 25 BTC stored inside, worth $1.70 million at current prices, were transferred to a new wallet. Casascius coins were physical tokens created by software engineer Mike Caldwell in denominations of 0.5, 1, 5, 10, 25, 100
Rare physical bitcoin worth $1.78 million cashed in after 12 years 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 1,862.4, down 0.6% (-11.0) since 4 p.m. ET Tuesday. Fifteen of the 20 assets are trading higher. Leaders: NEAR (+15.1%) and XLM (+5.7%). Lagging behind: BCH (-10.7%) and
Bitcoin Cash (BCH) falls 10.7%, leading index down Read More »
