Bitcoin should be treated as a commodity, like gold: Cantor Fitzgerald CEO

FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to withdraw their deposits. Its holdings of Serum’s SRM, a token Bankman-Fried developed, dropped from a value of more than…

A Christmas party for stocks masks "a massive amount of weakness," one commentator warns, as Bitcoin sentiment votes with its feet. 831 Total views 23 Total shares Bitcoin (BTC) dropped nearly $4,000 on Dec. 28 as the market offered a sharp reminder that the bull run would need to wait. BTC analysts eyes $44,000BTC/USD 1-hour candle…

Taiwanese consumer electronics giant HTC has revealed plans to launch a second-generation model of its blockchain-centric smartphone before the end of 2019. The news was announced in a report from English-language Asian IT news source Digitimes on April 29.According to HTC’s chief decentralized officer Phil Chen, the development is a bid to boost smartphone sales…

Already facing a suit from the U.S. SEC, Ripple is now accused of violating securities laws in Florida. 2071 Total views 11 Total shares Ripple Labs, a company behind the Ripple payment protocol and XRP-based products, is facing another lawsuit alleging the firm violated securities laws in the United States.According to a Jan. 25 court…

Brave has partnered with Binance to bring in-browser crypto trading to its 13 million users. The Binance Widget allows Brave users to make crypto trades without leaving the browser.Branden Eich, CEO of Brave Software explained the rationale behind this partnership in an interview with Cointelegraph:“Our focus has always been on our users. This time, it’s…

The entire banking concept is based on the assumption that depositors will not want to withdraw their money at the same time. But what happens when this assumption fails? The answer lies in the asset-liability mismatch of banks, which can lead to disastrous consequences for the broader financial system. Silicon Valley Bank (SVB), one of the…

It may seem like long ago, but Bitcoin spent months going nowhere just last year before a major BTC price breakout.

Alameda's investment arm, FTX Ventures, and crypto exchange FTX will reportedly continue to operate independently from each other. 166 Total views 7 Total shares Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market.According to a Thursday Bloomberg report, Alameda's…

Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon. The supply of the Coinbase-backed stablecoin USD Coin (USDC) has grown by 250% since the start of 2020, including an 80% expansion in just the past two months.After starting the year with…