Bitcoin’s (BTC) recent volatility highlights how markets tend to overreact, especially in situations that can escalate, such as trade wars. The 6.5% drop in the S&P 500 since its all-time high on Feb. 19 might seem minor in absolute terms, but the potential earnings impact is more significant. However, derivatives markets suggest Bitcoin’s dip below … Read more
Brian Strugats, head of trading at cryptocurrency prime broker FalconX, has left the business, according to an internal memo seen by CoinDesk. Strugats left the firm last week, the memo said. He had been employed by the crypto firm for more than three years, and was based in New York, according to his LinkedIn profile. … Read more
SBI VC Trade, a subsidiary of financial giant SBI Holdings, has secured regulatory approval as an Electronic Payments Provider in Japan. The regulatory approval, granted under the Japan Financial Services Agency’s (JFSA) new framework, allows the exchange to offer stablecoins, making it the first in the country to list and distribute USDC. “USDC becomes the … Read more
The White House is signaling a likely approval from President Donald Trump if a congressional resolution hits his desk that would rescind a crypto Internal Revenue Service rule approved just before he returned to office. Trump’s senior advisers will recommend he sign the Congressional Review Act resolution into law, according to a Tuesday statement posted … Read more
The United States is undisputedly the leader of global innovation. From technology, to agriculture, to finance, we stand alone. We have retained this position not because we force innovators to adopt our values, but because we allow entrepreneurs, who hold these values, to build in the United States free from government interference and excessive regulations. … Read more
Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets. The prominent bitcoin advocate disclosed that the remaining 30% of his portfolio consists of gold and shares in his own companies. He stated, “I don’t have … Read more
Belarus President Alexander Lukashenko has instructed his energy minister to begin developing the country’s cryptocurrency mining industry, signaling a growing intent to generate additional revenue streams from the country’s excess energy supplies. According to a March 4 report by local media outlet BelTA, President Lukashenko passed on the instructions to the newly appointed minister of … Read more
Donald Trump’s advisers said they would recommend the US President sign a resolution repealing the IRS rule into law if passed by the House and Senate. News COINTELEGRAPH IN YOUR SOCIAL FEED David Sacks, the AI and crypto czar in the Trump administration, said the White House will support congressional efforts to rescind the Internal … Read more
The Bank of Israel has put forward a possible design for a central bank digital currency (CBDC) should the decision be made to introduce one in the future. The central bank described the proposed digital shekel (DS) as a “multipurpose CBDC”, to wit it would be for both retail and wholesale use, in a paper … Read more
One might think that virtually all Bitcoiners would be thrilled about the notion of the U.S. government acquiring BTC (and perhaps a basket of other cryptoassets) and effectively ratifying it as a global asset of consequence. However, I count myself among the few holdouts who don’t see the development as positive for either Bitcoin or … Read more