.png)
Tether CEO Paolo Ardoino. (Tether) Stablecoin regulations pose a threat to Tether's dominance, JPMorgan said in a report. Complying with MiCA means Tether may have to change its reserve management strategy, the bank said. Tether told CoinDesk in a response that "JP Morgan analysts seem to still have a fundamental misunderstanding about how our industry works." Increasing regulation could...
Bettors at one point gave an over 60 percent chance of Trump mentioning digital assets during the interview An interview between Elon Musk and Republican presidential candidate Donald Trump attracted over 1 million listeners on X. Crypto was not mentioned during the two-hour long event. Former President Donald Trump did not mention bitcoin (BTC) or crypto during an interview with X CEO...
Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power. U.S. Commodity Futures Trading Commission in Washington. (Jesse Hamilton/CoinDesk) The CFTC's notice of proposed rulemaking for prediction markets drew various comments from the public, including the crypto industry. Crypto industry stakeholders say the rules are...
While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted. Bitcoin price on Aug 8 (CoinDesk) Cryptocurrencies continued their rebound higher on Thursday with bitcoin (BTC)nearing $60,000 for the first time since last weekend's carnage. Bitcoin advanced 6.4% over the...
Death Cross. (Unsplash) BOJ's Uchida downplayed rate hike concerns amid market volatility. The anti-risk yen slides while BTC and stock futures rise after Uchida's comments. The renewed risk-on hints at a possible bitcoin death cross bear trap. It appears bitcoin's (BTC) impending death cross, a bearish technical pattern, will again live up to its reputation as a contrary indicator, presaging renewed...
Ether slumped by the most since May 2021. (Getty Images) Ether posted its steepest single-day plunge since May 2021. The crypto fear and greed index flashed "fear" and fell to its lowest level in a month. The CoinDesk 20 Index dropped nearly 20%. Bitcoin (BTC) extended its slump during Asian trading hours on Monday, plunging below $50,000 before recovering to around...
Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago Bitcoin price on Aug 1 (CoinDesk) Bitcoin (BTC) continued its sharp pullback after a fast start to the week, with the price retreating to a two-week low of of $62,700. At press time, bitcoin was lower by 5.5% over the past 24 hours, outperforming the broader CoinDesk 20 Index's 6.1%...
The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk. U.S. Senator Cynthia Lummis, a Wyoming Republican, with a copy of her bitcoin reserve bill at the Bitcoin Nashville conference on Saturday, July 27. (Danny Nelson/CoinDesk) The purchase of bitcoin for a new...
Thousands of bitcoiners camped out for hours to see crypto's self-declared candidate on Saturday at the Bitcoin Conference in Nashville. Donald Trump speaks at the Bitcoin Conference in Nashville. (Danny Nelson/CoinDesk) NASHVILLE — Former U.S. President Donald Trump promised to maintain a "strategic national bitcoin reserve" and "never sell" the government's seized bitcoin in a freewheeling speech that tightened...
“The question on whether Crypto/Bitcoin is here to stay is largely over + crypto/Bitcoin won,” said Jersey City Mayor Steven Fulop in a tweet. The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop. While it's not likely to be a...