Bitcoin BTC$88,951.74 reclaimed the $91,000 level in early U.S. afternoon hours on Friday, continuing volatile action and threatening to sustainably break out of its tight week-long range of roughly $88,000-$90,000. Possibly behind the quick 2% move off of the morning’s lows was suspected intervention in the foreign exchange market by Japanese authorities. The Bank of … Read more
Binance co-founder Changpeng Zhao told CNBC on Friday he believes bitcoin will break its four year cycle this year because the U.S. and other countries have become crypto-friendly. “If you are looking at today, tomorrow, on a daily basis, there’s no way I can predict” which way the price of bitcoin is going to go, … Read more
Binance is considering bringing back tokenized stock trading on its platform, after abandoning the product in 2021. Stock tokens are digital representations of shares in public companies. Instead of owning a whole share of Apple or Microsoft, an investor can buy a fraction of a share — held and settled on a blockchain — mirroring … Read more
The UK Financial Conduct Authority (FCA) on Friday reached the final step of its consultation on regulation for cryptocurrency firms and published a new consultation on how consumer duty would apply to this sector. In its statement, the FCA asked for feedback with a March 12 deadline on further rules and how consumer duty should … Read more
The contrast: The investor offered a harsh reality check for altcoins, which he dismissively refers to as “PooPoo coins.” O’Leary sold 27 positions in October, arguing that sovereign wealth funds and indexers only care about Bitcoin and Ethereum. He claims these two assets capture over 97% of the market’s alpha, making other tokens “worthless” to … Read more
US-based spot Bitcoin exchange-traded funds (ETFs) have extended their outflow streak to five days as crypto market sentiment continues to wane. Spot Bitcoin (BTC) ETFs posted $103.5 million in net outflows on Friday, continuing an outflow streak that began the previous Friday. Over the five days, including the four-day trading week in the US shortened … Read more
A banking application connected to World Liberty Financial Inc., a crypto firm partially owned by President Donald Trump, will proceed as normal, according to the chief of the Office of the Comptroller of the Currency, who rejected a request from U.S. Senator Elizabeth Warren to focus special scrutiny on the president’s potential conflict of interest … Read more
Stablecoins moved more than $35 trillion on blockchain rails last year, but only about 1% of that was for real-world payments, according to a new report by the consultancy firm McKinsey and the blockchain data firm Artemis Analytics. Their analysis estimated that only $380 billion of activity reflected actual payments, such as paying suppliers, sending … Read more
There is no legal way for Web3 prediction markets to operate in Ukraine under current laws, according to a senior official involved in shaping the country’s digital economy policy. In comments shared with CoinDesk days after Ukraine blocked access to Polymarket and nearly 200 gambling-related websites Dmitry Nikolaievskyi, chief legal officer at the Project Office … Read more
Crypto watchers are speculating that video game retailer GameStop (GME) might be the latest firm to abandon its bitcoin BTC$89,298.71 treasury after moving all its coins to Coinbase this week. Blockchain analytics firm CryptoQuant spotted on Friday that a wallet labeled GameStop had transferred all its stash – some 4,710 BTC, worth about $420 million … Read more