Bitcoin Eyes Short-Term Bear Market After Two-Week Lows

Bitcoin (BTC) bounced and Asian stocks fell Friday as investors awaited U.S. nonfarm payrolls data after Thursday's ADP report showed better-than-expected private-sector hiring in the world's largest economy.The leading cryptocurrency by market value rose almost 1% to touch $30,300, reversing some of Thursday's slide. The MSCI's broadest index of Asia-Pacific shares, excluding Japan, extended the…

Nigeria's Securities and Exchange Commission plans to take enforcement action against unlicensed crypto firms. The country recently started issuing licenses to crypto firms. Nigeria's Securities and Exchange Commission (SEC) plans on taking enforcement action against un-regulated crypto firms. The SEC wants to send a clear message to those who are not trying to operate by

Insurance broker Marsh has introduced a digital asset custody insurance product providing capacity up to $825 million, the largest facility of its kind, the firm said in a press release on Tuesday.Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with

China is facing renewed currency depreciation as the lingering threat of deflationary economic nosedive, and property market malaise has foreign investors pulling capital out of the country.The latest measures taken by Beijing to address the issue present a downside risk to bitcoin (BTC) through the foreign exchange channel, according to one observer.The tightly controlled Chinese

When Fortress Trust disclosed a theft of customers’ cryptocurrency last week – later revealed to total close to $15 million – it pinned the blame on an unnamed third-party vendor.CoinDesk has identified that vendor, which has acknowledged it fell victim to a phishing attack. But the story may be more complicated than just a single

Scott Minerd said he didn't believe bitcoin's investor base was "big enough" or "deep enough" to keep price at current levels.Scott Minerd is the CIO of Guggenheim Partners.(Kevin Mazur/Getty Images)Jan 28, 2021 at 9:25 a.m. UTCGuggenheim CIO Says Institutional Demand Not There to Sustain Bitcoin Above $30KScott Minerd, chief investment officer of the multi-billion dollar…

news SoFi, a millennial-focused online lending platform, will allow its customers to buy cryptocurrency through a partnership with Coinbase starting in the second quarter, CNBC reported Tuesday. “Our target audience wants to see what the price of cryptocurrency is, and to buy it,” SoFi CEO Anthony Noto was quoted as saying in the CNBC report.…

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.The benefits of tokenization are simple, the process brings operational efficiencies and improved liquidity and accessibility, Bernstein said in a research report on Tuesday. Tokenization is the process…

Sep 2, 2020 at 14:11 UTCUpdated Sep 2, 2020 at 14:28 UTCSenate Banking Committee Chair Mike Crapo (left) and Ranking Member Sherrod Brown (U.S. Senate)Senate Banking Chairman Asks OCC About Its Planned Crypto RulemakingU.S. Sen. Mike Crapo (R-Idaho), who heads the powerful Senate Banking Committee, has asked the Office of the Comptroller of the Currency…