Monthly Archives: May 2023

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Interest in staking ether, i.e., locking coins in the Ethereum network to earn passive yield, has surged since implementation of the Shapella, or Shanghai upgrade on April 12.…

The beginnings of a fully compliant U.S. crypto infrastructure may be forming on the industry’s fringes as a watchdog backed by the Securities and Exchange Commission (SEC) quietly issues significant approvals for companies trying to stick to the securities rulebook.Last week, the Financial Industry Regulatory Authority (FINRA), an industry-funded oversight arm created by the SEC,…

The parliamentary floor leader of South Korea's ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to take effect within two months, earlier than originally planned, according to a Tuesday report by Yonhap news agency.The original bill, currently being finalized in the wake of allegations…

MicroStrategy (MSTR) represents an attractive alternative to Coinbase (COIN) for investors looking to gain exposure to the cryptocurrency sector, Germany investment bank Berenberg said in a report Monday.Investors who are very bearish on Coinbase shares and are inclined to short the stock should look at pairing it with long MicroStrategy, the report said, noting that…

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1, according to a Tuesday announcement. The regulator has agreed to allow licensed virtual asset providers to serve retail investors, provided that operators assess understanding of the risks involved, according to a report on its consultation on…

There is limited upside for cryptocurrency markets in the near-term, Bank of America (BAC) said in a research report Friday.“Low conviction, limited catalysts and outperformance year-to-date leave the digital asset sector stuck in a trading range with a challenging macro backdrop likely capping digital asset upside,” analysts Alkesh Shah and Andrew Moss wrote.The bank says…