Business

JPMorgan and Strike CEO Jack Mallers decline to comment further on debanking

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When a Wall Street banking giant and a crypto CEO start a public battle over debanking, the world takes notice and the back-and-forth gets messy. Jack Mallers, CEO of crypto payments company Strike, dropped a bombshell on social media on November 23, claiming that JPMorgan had closed all of his accounts without cause. “Last month […]

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Bitcoin (BTC) mining profitability falls for the fourth consecutive month: JPMorgan

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Bitcoin BTC$85,131.70 Mining profitability declined for the fourth consecutive month in November, according to a report released Monday by JPMorgan (JPM). The daily gross margin for block rewards also fell 26% from the previous month, analysts Reginald Smith and Charles Pearce wrote. The Bitcoin network’s hashrate fell 1% to an average of 1,074 exahashes per

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Treasuries Bitcoin, Ether and Solana Lead Crypto Stocks Fall; NAKA, MTPLF and HSDT slide by more than 10%

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Crypto-related stocks started December lower as Bitcoin BTC$84,347.71 fell towards $84,000 during the morning in the United States. Shares of Coinbase (COIN), Gemini (GEMI), and Galaxy Digital (GLXY) are down nearly 6%. Cryptocurrency mining stocks were also hit, with MARA Holdings (MARA), Riot Platforms (RIOT), and Hive Digital (HIVE) falling 7-9%. Bitcoin Cash Play Strategy

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Canada eyes stable rules as Scotiabank reports limited market impact

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As Canada moves toward stable coin regulation, Scotiabank has argued the move is unlikely to shake domestic markets. Any framework is really about improving the speed, efficiency and settlement of 24/7 payments, rather than managing systemic risk, economist Derek Holt wrote in last week’s report. In November, the government committed to passing legislation that would

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BitMine (BMNR) purchased 97K in ETH ahead of Fusaka upgrade

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BitMine Immersion Technologies (BMNR), the Ethereum-focused crypto treasury company led by Thomas Lee of Fundstrat, said Monday that it has acquired 96,798 in ether. ETH$2,822.31 Last week, it continued its buying spree as digital asset hoards remain under pressure due to falling crypto prices. The latest purchase brought the company’s total ETH holdings to 3.73

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Strategy (MSTR) Remains Leading Bitcoin (BTC) Price Proxy, Benchmark Says, Dismissing ‘Doom’ Narrative

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Wall Street broker Benchmark said Bitcoin BTC$86,563.37 The price pullback has reignited the usual alarms about the survival of treasury firm Bitcoin Strategy (MSTR), concerns it dismisses as noise that surfaces whenever the cryptocurrency falls. In a report published Monday, analyst Mark Palmer claimed that critics were confusing short-term moves with real solvency risk, overlooking

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Gleec buys Komodo’s cross-chain DeFi stack in $23.5 million deal

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Gleec has acquired the entire Komodo platform ecosystem in a $23.5 million deal, bringing one of the first crypto atomic and cross-chain swap technology stacks under the umbrella of a licensed financial services provider, the digital assets platform announced in a press release on Monday. The purchase includes the Komodo brand, technology suite, token infrastructure

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BOJ’s hawkish comments spur sharp drop in Bitcoin prices

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The crypto market was reeling on Monday after a massive sell-off occurred minutes after CME’s bitcoin. BTC$85,818.62 futures markets opened. As a result, the CoinDesk 20 Index (CD20) is down 5.98% over the past 24 hours. The nervousness can be attributed to the low-liquidity trading environment for cryptocurrencies, which has still not recovered from October’s

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