Bitcoin Price Hits 7-Month High Against Turkish Lira

Back in October, one trader made a long-shot bet that bitcoin would hit $36,000 by January. It paid off in a spectacular way. If crypto trading had a Hall of Fame, this trade would surely be in it. (Andrzej Rembowski/Pixabay )Jan 13, 2021 at 6:36 p.m. UTCTrading Hall of Fame: The Bitcoin Options Bet That…

Just hours after all wanna-be bitcoin ETF issuers finished revealing how much they'll charge investors who own the products, some are cutting their planned fee – a sign of just how brutal the battle to accumulate assets will be if these products get approved this week.But Grayscale, which already offers a bitcoin investment product the

feature The Takeaway: A partial transcript of an internal meeting at Bitmain on Tuesday details a long-running power struggle that led to the sudden ousting of co-founder Micree Zhan. The conflict between Zhan and fellow co-founder Jihan Wu came to a head in December 2018 as the company pursued a round of layoffs. In Tuesday’s…

Dec 3, 2020 at 3:07 p.m. UTCUpdated Dec 3, 2020 at 3:29 p.m. UTCHydra is one of the biggest darknet markets still in operation.("Hercules and the Hydra" image via Metropolitan Museum of Art)Darknet Markets Face Headwinds After Year of Mixed ResultsDarknet markets are having a rough 2020.COVID-19 has wreaked havoc on all shipping-centric industries, drug…

With the infamous Mt. Gox, less-infamous Quadriga and a handful of other times crypto companies have entered mainstream awareness for losing millions of dollars of customer funds, we have years of evidence that custodying crypto is apparently quite difficult. And yesterday, we got even more.On the morning June 22 crypto custody giant BitGo terminated its…

Bitcoin (BTC) has gained this week due to increased optimism about the potential approval of multiple spot bitcoin exchange-traded-funds (ETFs), JPMorgan (JPM) said in a research report Wednesday.The Securities and Exchange Commission’s (SEC) decision not to appeal a recent ruling in the Grayscale case brings the approval of the applications closer, the report said. Grayscale

news Crypto custody provider BitGo has hired Nick Carmi, former head of forex trading at a number of Wall Street banks. Carmi became BitGo’s head of financial services, joining the company after working at Tower Research Capital, an asset management firm where he was a global head of the fixed income instruments, currencies, and commodities business. It…

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 . Latest Prices CoinDesk 20 Index: $1,774.87 +1% Bitcoin (BTC): $55,372.84 +1.4% Ether (ETH): $2,319.53 +0.63% Nikkei 225: 36,215.75 −0.48% Top Stories Bitcoin nudged above $55,000

Dec 3, 2020 at 6:43 p.m. UTC(Alex Wroblewski/Getty Images News)Why Stablecoins Are the First Battleground of the Coming Crypto Regulation WarsThe STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.For more episodes and free early access before our regular 3 p.m.…