The U.K. government has appointed Emma Reynolds as the new Economic Secretary in charge of overseeing digital assets and central bank digital currencies — alongside the broader financial sector. The appointment was announced on Tuesday following the resignation of Tulip Siddiq, who set out the government’s crypto agenda weeks ago. It is not yet clear … Read more
The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Since MicroStrategy (MSTR) became a bitcoin treasury company in August 2020, it has used three primary instruments to acquire bitcoin (BTC): cash on hand, at-the-market (ATM) offerings and convertible bond offerings. MicroStrategy’s next method of raising capital is to buy bitcoin through perpetual preferred … Read more
Last June, a sailing buddy (and aerospace engineer) asked if I could check out a family friend’s “bitcoin.” He forwarded me an image of a plastic bitcoin wallet held with a private key partially obscured. The family friend had received the card as some sort of “gimmick at a conference” and tossed it in a … Read more
On Jan. 20, 2025, the United States will start a new chapter in more ways than one. While the nation will be focused on President Trump’s inauguration as our 47th President, the U.S. financial sector will be celebrating the resignation of Joe Biden’s Securities and Exchange Commission Chair, Gary Gensler. As a member of the … Read more
Boerse Stuttgart, one of Germany’s leading stock exchanges, has seen its cryptocurrency trading business explode in recent years to now account for approximately 25% of its overall revenue. While not revealing the exact cryptocurrency trading volume, the exchange group shared in a press release at the end of last year that the metric “almost tripled” … Read more
Elroy Cheo, co-founder and architect of influential Web3 collective ARC, is on a mission to redefine the dynamics of digital communities. Cheo and fellow entrepreneur Kiat Lim, the son of billionaire businessman Peter Lim, have made ARC into a hub for collaboration for the global Asian diaspora, enabling members to use a Stellar NFT and … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3607.26, up 3.6% (+125.91) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: XLM (+9.8%) and HBAR (+7.0%). Laggards: ETC (+0.8%) and POL (+1.3%). The … Read more
While headline inflation came in faster than hoped in December, investors for the moment are in buy mode after an unexpected decline in the year-over-year core rate. The closely-watched Consumer Price Index (CPI) increased 0.4% in December, slightly higher than analyst consensus and the previous month’s 0.3%. On a year-over-year basis, CPI was up 2.9%, … Read more
When inauguration day rolls around in the U.S., the first policy domino to topple could be the industry’s banking roadblocks, though the White House may be the wrong place to watch for the most consequential action. The crypto industry will surely cheer loudly over some of the executive-order fireworks when President-elect Donald Trump is sworn … Read more
Crypto derivatives platform Deribit, has received potential acquisition interest, Bloomberg reported on Wednesday, citing sources. The report added that the firm is working with Financial Technology Partners to review the opportunities. Deribit CEO Luuk Strijers told CoinDesk that the options platform had appointed FT Partners as an advisor for general advisory services and potential secondaries, … Read more