In today’s issue, Alec Beckman from Advantage Blockchain explains stablecoins and their growing use cases for institutions and advisors. Then, CK Zheng from ZX Squared Capital shares tips on preparing for tax season in Ask and Expert. – Sarah Morton You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. … Read more
Payments remain the big unsolved use case of the internet. When we buy something online, we generally use a traditional payment method, like a credit card, which isn’t “native” to the experience. Your ability to transact with a merchant is verified by a third-party (like a bank), which raises costs and adds a lot of … Read more
It took institutions over a decade to take bitcoin (BTC) seriously as an investment vehicle, even though well-known financial pioneers had embraced the largest cryptocurrency on the market years earlier. But not even one year after the launch of the spot bitcoin exchange-traded funds (ETFs) which saw adoption from pension funds, hedge funds and even … Read more
U.S. President Donald Trump has come through with an eagerly awaited executive order on crypto that directs his administration to establish friendly policies to put the industry on solid U.S. footing and work toward establishing a “digital asset stockpile.” After years of courtroom combat with federal authorities, Trump’s order could allow the digital assets sector … Read more
Indian cryptocurrency exchange WazirX has won approval from the Singapore High Court to restructure after the $230 million hack last year. The High Court has allowed WazirX to convene a scheme meeting with users in a “significant step” towards distributing funds lost in the attack and reviving the platform’s operations, the exchange announced via email … Read more
Morgan Stanley (MS) is figuring out how it can act as a transactor in the crypto market, CEO Ted Pick said. The bank, which has some $1.6 trillion of assets under management, will work with the U.S. Treasury and other regulators to figure out how it can offer crypto in a safe way, Pick said … Read more
Binance Labs, the former investment arm of exchange giant Binance, gets a major overhaul under a new name, YZi Labs, with former Binance CEO Changpeng “CZ” Zhao being closely involved in the operations, the firm announced on Thursday. The rebrand means that the investment firm turns from being the exchange’s venture capital arm into the … Read more
As technology evolves, the U.S. Securities and Exchange Commission (SEC) must evolve with it. Nowhere is this truer than in crypto, and now: The market for crypto assets has grown in size and sophistication such that the SEC’s recent harmful approach of enforcement and abdication of regulation needs urgent updating. While the long-term future of … Read more
The crypto industry is desperate to see crypto action from U.S. President Donald Trump, now a few days into his new presidency, but there hasn’t yet been a confirmation from the White House that an executive order is pending. It’s not entirely off of Trump’s radar, though, because he did mention the crypto industry in … Read more
Bitcoin continues to trade at record levels. According to checkonchain data, Wednesday’s $130 billion bitcoin (BTC) volume was one of the highest in its history. Trade volume has soared since President Trump won the U.S. election at the start of November, doubling from a daily average of $65 billion. The futures market (the total traded … Read more