By Omkar Godbole (All times ET unless indicated otherwise) You know how it feels when you’re watching a match, both teams score and you end up with a draw? So, that’s the bitcoin market right now. The bulls pushed prices above $103,000 early Thursday, only for the bears to bite back, crashing prices to $91,000. … Read more
The U.S. employment picture rebounded in November after weak data in October that was probably affected by hurricanes in the southeast. Nonfarm payrolls rose by 227,000 last month, according to the Bureau of Labor Statistics. Economist forecasts had been for a gain of 200,000 jobs. October’s originally reported 12,000 job gain was revised higher to … Read more
Crypto banking activity was paused or prevented by the Federal Deposit Insurance Corp. at a large number of U.S. banks in 2022, according to communications pried loose by a research firm hired by Coinbase Inc. (COIN). Coinbase’s hired help, History Associates Inc., had taken the FDIC and the Securities and Exchange Commission to court in … Read more
<a href="https://www.coindesk.com/indices/" target="_blank">CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href="https://www.coindesk.com/indices/cd20/" target="_blank">CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3830.63, down 0.2% (-7.76) since 4 p.m. ET on Thursday. Six of 20 assets are trading higher. Leaders: UNI (+7.7%) and RENDER (+5.8%). Laggards: DOT … Read more
The price of Ethereum’s ether (ETH) broke above the $4,000 mark on Friday for the first time since March. The second-largest cryptocurrency is up 2.4% in the last 24 hours and 8.4% in the last seven days, outperforming bitcoin (BTC) in both timeframes. The move comes as spot ether exchange-traded funds saw record inflows on … Read more
Solana’s memecoin factory Pump.fun shut off access to U.K. crypto traders Friday, citing “laws and regulations” affecting the runaway hit. The geoblock comes three days after the nation’s main financial regulator, the Financial Conduct Authority, warned the platform “may be providing or promoting financial services or products without our permission.” One of Pump.fun’s founders confirmed … Read more
One bitcoin is worth $100,000 — a milestone that has crypto OGs in a tizzy. Donald Trump is selling DOGE T-shirts. It’s a frenetic time for crypto. But what are my non-crypto friends texting me about? “Hawk Tuah” coin. Yep, in a very unscientific sample size of the seven friends who texted me — unsolicited … Read more
So, now we know. Operation Chokepoint 2.0 was real. There really was a co-ordinated federal government effort to de-bank crypto following the collapse of three mid-sized crypto-friendly lenders (Signature, Silvergate and Silicon Valley Bank) in March 2023. The crypto industry, led by VC-commentator Nic Carter, has long suspected and railed against de-banking. But, until today, … Read more
Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving. Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) had acted in an arbitrary and capricious manner not supported by substantial evidence when it … Read more
The Financial Stability Oversight Council published its 2024 annual report Friday, addressing various risks and areas of concern within the U.S. and global financial system. As it has done for the past few years, the report highlighted the role of stablecoins and the digital asset sector more broadly — though it stopped short of suggesting … Read more