Bitcoin (BTC) set a fresh record above $106,000 earlier Monday, with traders now targeting the $120,000 level as the asset moves into the second half of a seasonally bullish December. Recent catalysts that have supported growth in BTC include increased speculation of U.S. president-elect Donald Trump creating a federal bitcoin reserve, and crypto companies such … Read more
Bitcoin (BTC) surged to over $106,000 in early Asian hours, setting new all-time highs before quickly retreating to $104,500 amid concerns about the upcoming U.S. Federal Reserve (Fed) rate cut. The U.S. central bank is expected to reduce the benchmark borrowing cost by 25 basis points to the 4.25% to 4.5% range, marking a total … Read more
MicroStrategy (MSTR) is set to soon be included in of the world’s largest exchange-traded funds after becoming the first bitcoin-centric company to win entry into the Nasdaq-100 Index. The Nasdaq-100 Index tracks the 100 largest non-financial companies listed on the Nasdaq exchange and is filled with dominant market names like Apple, Nvidia, Microsoft, Amazon, Meta, … Read more
Michael Novogratz’s Galaxy Digital (GLXY) has hired former Point72 chief financial officer Anthony Paquette to serve in the same role at the crypto financial services firm. He will replace Alex Ioffe, who will transition into a senior adviser role, the company said in a statement on Friday. Paquette previously spent four years as the CFO … 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 3837.79, down 0.0% (-1.86) since 4 pm ET on Thursday. Nine of 20 assets are trading higher. Leaders: HBAR (+5.5%) and APT (+3.7%). Laggards: RENDER (-2.6%) and SOL (-2.1%). … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin and ether’s bull momentum has hit a roadblock. The U.S. Producer Price Index (PPI) came in hotter than expected Thursday, prompting investors to tighten their stances and keep a bid for the dollar, as we anticipated. There’s also the Truflation index stirring up concern. Seen … Read more
Disclosure: The author of this story owns shares in MicroStrategy (MSTR). Since Donald Trump won the U.S. election on Nov. 5, bitcoin (BTC) has soared from $67,000 to around $100,000. This has coincided with a huge rise in bitcoin’s total trade volume which has now surpassed $100 billion. According to checkonchain data, bitcoin futures trading … Read more
In today’s issue, Kelly Ye from Decentral Park Capital takes us through the relationship between AI and blockchain and how this combination will drive these growing technologies’ adoption and use cases. Then, Alec Beckman from Advantage Blockchain answers questions about how AI, blockchain and crypto work together in Ask an Expert. –S.M. You’re reading Crypto … Read more
MicroStrategy (MSTR), the software company founded by Michael Saylor, is not the only large-scale corporate buyer of bitcoin (BTC), JPMorgan (JPM) said in a Wednesday report. Crypto miners are also adopting the accumulation strategy. The shift to building up bitcoin holdings is driven by growing pressure on profitability, which stems from the reward halving in … Read more
Societe Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank. The lender’s digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on the public Ethereum blockchain in exchange for central bank digital currency … Read more