The CEOs behind crypto exchanges Coinbase and Gemini argue that Bitcoin may be the only cryptocurrency that meets the criteria for being a US reserve asset. “Only one digital asset in the world right now meets the bar and that digital asset is Bitcoin,” Gemini’s Tyler Winklevoss said in a March 3 X post after … Read more
The US Securities and Exchange Commission’s Crypto Task Force is set to host a roundtable later this month on the “security status” of digital assets. It comes the same day the agency announced the staffing lineup for the task force, which taps a former big law firm crypto lawyer along with longstanding SEC staff. The … Read more
Crypto-equities have rebounded following Donald Trump’s crypto strategic reserve announcement. With just hours until the U.S. market opens, bitcoin (BTC) remains above $92,000, recovering from its recent drop to $78,000. As a result, crypto-related stocks have jumped after significant declines—Strategy (MSTR) rebounded 12% after dropping as much as 50% from its November high. Coinbase (COIN) … Read more
The United States Securities and Exchange Commission is reportedly offering eligible employees financial incentives to resign or retire from the agency amid an ongoing wave of staffing changes from the regulator. The US securities regulator is reportedly offering staff $50,000 to resign or retire by April 4, according to a March 4 Bloomberg report citing … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The flip-flopping nature of the crypto market is on full display as the sentiment on social media has changed from “it’s so over” to “we are so back” in just 24 hours, thanks to President Donald Trump naming BTC, ETH, XRP, SOL and ADA as candidates … Read more
Cronos, the blockchain ecosystem related to Crypto.com, wants to bring back 70 billion CRO tokens it burned in 2021 in a strange proposal that has largely left its community members flummoxed . The now-live governance proposal aims to restore its original 100 billion token supply under a strategy dubbed “The New Golden Age for Cronos.” … Read more
Ether (ETH) is testing levels not seen since November 2023, as the market continues to be hit by volatility resulting from U.S. President Donald Trump’s trade war threat. ETH is down 15% in the last 24 hours, according to CoinDesk Indices data, dragging down the CoinDesk 20, a measure of the largest digital assets, which … Read more
The U.S. Securities and Exchange Commission (SEC) is undertaking a full-scale retreat from much of the major crypto litigation started under former Chair Gary Gensler, but not everyone is off the hook. At least four lawsuits against crypto companies — Ripple, Kraken, Cumberland DRW and Pulsechain — remain ongoing, and probes into another three firms — Unicoin, Crypto.com … Read more
The US economy could be shrinking at its fastest rate since the COVID-19 lockdown, according to the Federal Reserve Bank of Atlanta’s GDPNow model, which is now forecasting America’s gross domestic product to fall 2.8% in the first quarter. The new forecast differs immensely from just a month ago, which estimated America’s GDP was tracking … Read more
The U.S. Senate is poised to vote this week on reversing an Internal Revenue Service (IRS) rule, that the crypto industry has declared a serious threat to decentralized finance (DeFi), according to a person familiar with the Senate’s planning. The IRS’s attempt in December to expand the world of brokers required to disclose certain tax … Read more