Bitcoin Price Looks to Defend $6K as Sell-Off Slows

CACEIS, the asset servicing arm of banking giants Crédit Agricole and Santander, has been registered by French regulators to provide crypto custody services.CACEIS Bank, which provides services to asset managers such as insurers, pension funds and private equity, was registered by France’s Financial Markets Authority (AMF) as of Tuesday June 20, according to the regulator’s…

Oct 27, 2020 at 13:50 UTCUpdated Oct 27, 2020 at 14:23 UTCINX Limited, a cryptocurrency exchange that went public on Ethereum last month, has agreed to buy U.S. broker-dealer Openfinance Securities, the company announced in a press release Tuesday.INX will also acquire Chicago-based Openfinance’s alternative trading system, digital asset listings, client base and licenses.INX aims…

news The dedicated U.S. arm of cryptocurrency exchange Binance will go live by November, according to Binance’s CEO. Changpeng “CZ” Zhao told Cheddar in an interview on Wednesday that, while the situation is still “in flux,” he expects the new platform would go live in “a month or two.” Due to uncertainties over the U.S. regulatory situation,…

Apr 14, 2020 at 17:00 UTCUpdated Apr 14, 2020 at 17:10 UTCMaker Foundation CEO Rune Christensen. (Credit: CoinDesk archives)MakerDAO Users Sue Stablecoin Issuer Following ‘Black Thursday’ LossesA class-action lawsuit is expected to be filed later today against the Maker Foundation on behalf of investors who lost funds following a protocol failure on March 12, or…

news Galaxy Digital Holdings, the crypto merchant bank founded by former hedge fund manager Michael Novogratz, lost $97 million in the fourth quarter, according to financials disclosed Monday. The net loss widened from $76.7 million in the third quarter and from about $100,000 a year earlier, according to the filing with Canadian securities regulators. (Last…

Michael J. Casey is CoinDesk's Chief Content Officer. The Securities and Exchange Commission (SEC) greenlighting a futures-based exchange-traded fund for bitcoin has been a boon to holders of the cryptocurrency this week, with bitcoin hitting all-time highs just shy of $67,000 on news of the ETF’s clearance. But let’s be clear: It’s a horrible deal…

news Nevada’s regulatory stance on cryptocurrency kiosks has shifted, now requiring a state money transmission license. Speaking with CoinDesk, BitAML Senior Advisor Annelise Strader said Nevada abruptly and without announcement changed its regulatory stance on cryptocurrency kiosks. Following the last legislation session closing in May without passing a proposed cryptocurrency bill, Strader says the state’s…

The Indian government is likely to regulate cryptocurrencies in its upcoming budget in February, moving away from its earlier approach of seeking to impose an outright ban, according to a Business Today report. A law covering cryptocurrencies will most likely be discussed in the country’s next general budget, the report said, citing Indian Finance Ministry…

In the wake of Tesla’s big announcement on Monday, a wave of corporate engagement with crypto emerges.This episode is sponsored by Nexo.io.On today’s episode of The Breakdown, NLW looks at a slew of news from corporates getting into the bitcoin and crypto space, including:Twitter CFO exploring bitcoin treasury holdings and payments to employees and vendorsMastercard…