In today’s issue, Bryan Courchesne from DAIM explains how bitcoin can be included in U.S. Individual Retirement Accounts, what to watch out for, and the importance of working with a financial advisor. Then, Eric Tomaszewski from Verde Capital Management shares tips on preparing for tax season in Ask and Expert. – Sarah Morton You’re reading … Read more
Most investors have their eyes set on President Trump’s inauguration on Jan. 20, which has the potential to be a key catalyst for bitcoin (BTC) and cryptocurrency prices. However, a few days later, there is a potential rate hike on the cards from the Bank of Japan (BoJ). According to a Bloomberg chart shared by … 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 3878.91, up 3.6% (+133.71) since 4 p.m. ET on Wednesday. Thirteen of 20 assets are trading higher. Leaders: HBAR (+17.0%) and LTC (+13.0%). Laggards: ETH (-3.4%) and UNI (-1.4%). … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has had a bullish 24 hours, thanks to Wednesday’s soft U.S. core inflation print that alleviated hawkish Fed concerns. The momentum, however, has slowed. With the inflation data out of the way, crypto traders are refocusing on President-elect Donald Trump’s swearing-in on Jan. … Read more
Crypto traders are optimistic again, anticipating bitcoin (BTC) will surpass record highs amid volatile trading as pro-crypto President-elect Donald Trump’s inauguration on Jan. 20 nears. The price of bitcoin, the biggest cryptocurrency, has risen 11% from Monday’s lows under $90,000. It has jumped nearly 3% in the past 24 hours, topping $100,000 at one point, … Read more
Payments-focussed cryptocurrency XRP, which failed to set new price highs during the 2020-21 bull run due to regulatory struggles, is chalking out its fastest ascent in years, with derivatives tied to the token seeing record activity. The cryptocurrency’s price has surged 50% to seven-year highs above $3 this month, extending the past quarter’s 240% rally, … Read more
Indian telecom and technology company Jio Platforms (JPL) is taking significant steps to enhance the digital experience for its more than 450 million users. Jio Platforms is a wholly-owned subsidiary of energy giant Reliance Industries. Reliance is led by one of Asia’s richest man, Mukesh Ambani, and his family. Jio has partnered with with Polygon … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor. In this issue: Sony’s blockchain faces memecoin controversy Bubblemaps readies BMT and new intel desk Babylon enhances Bitcoin’s interoperability Prosecutors seek 95k BTC Bitfinex return This article is featured in the … Read more
XRP, the native token of the XRP Ledger network closely related to Ripple, surged to a six-year high on Wednesday as bitcoin (BTC) rallied to $100,000, with traders encouraged by this morning’s highly-anticipated U.S. CPI inflation data report. The token briefly topped $3 during early U.S. trading session for the first time since early 2018 … Read more
With only a handful of days remaining until the second inauguration of U.S. President-elect Donald Trump, crypto policy groups are readying to kick things into higher gear. Blockchain associations from eight U.S. states announced on Tuesday the creation of the North American Blockchain Association (NABA), an organization aiming to provide cohesive crypto policy recommendations to … Read more