Battered Bitcoin treasury company Strive (ASST) announced a number of balance sheet moves on Wednesday. The company purchased an additional 179 bitcoins, bringing the total holdings to 13,311 BTC, worth approximately $930 million at current prices. Strive also increased the dividend on its SATA perpetual preferred stock by 25 basis points to 12.75%. SATA was […]
U.S. market regulators are merging operations where the functions of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) overlap, and creating a crypto oversight framework is among the key goals of a written agreement released Wednesday. Most of the MoU’s goals of combining oversight, product approval, and policy interpretation, as
SEC and CFTC end years of rivalry with deal that will mean combined crypto oversight Read More »
Three former executives who held high-level legal, policy and product roles at crypto exchange OKX have unveiled an easy-access decentralized financial connectivity platform called Shredpay, aimed at both retail and institutional customers in the United States. The founding team of Shredpay consists of CEO Mauricio Beugelmans, former General Counsel of OKX; President Melissa Muehlfeld, former
Bitcoin’s resilience during the latest global macroeconomic crisis is starting to turn heads on trading desks. The largest cryptocurrency climbed to just under $71,000, up about 7% from Sunday evening’s low, even as geopolitical tensions intensified over the Iranian conflict and markets grappled with risks ranging from oil supply disruptions to strains in private credit
cautious optimism as BTC holds near $70,000 amid Iran war Read More »
Crypto exchange Bullish (BLSH), which operates an exclusively institutional crypto exchange business, moved into the top three centralized crypto exchanges in terms of spot trading volume for the first time, surpassing Coinbase (COIN) as trading activity in the industry slowed, according to CoinDesk Data’s February Trading Review. Spot trading volumes on Bullish, which is CoinDesk’s
BLSH overtakes Coinbase after 62% jump in spot trading in February Read More »
The European Central Bank on Wednesday unveiled the timetable for the eurozone initiative to shape the development of a token wholesale financial ecosystem based on the single currency and ensure the continued relevance of the euro as an international currency. The strategy includes Pontes, a layer of distributed ledger technology (DLT) for transactions that debuted
Welcome to our institutional newsletter, Crypto Long & Short. This week: Sylvia To on AI agents choosing denationalized money The headlines institutions should pay attention to by Francisco Rodrigues Kamino hits $90M in OnRe liquidity as $KMNO drops 16% in weekly chart Thanks for joining us! -Alexandra Lévis Expert Views Hayek predicted it, Satoshi built
AI agents choose denationalized money Read More »
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
