Bitcoin’s ‘Estimated Leverage Ratio’ Hits Lowest Since December 2021

This op-ed is part of CoinDesk’s Tax Week, presented by TaxBit. Kristin Smith is CEO of Blockchain Association. Miller Whitehouse-Levine is CEO of the DeFi Education Fund.The long-running scramble for control between America’s administrative agencies and our elected representatives passed another important milestone this week.As the U.S. Treasury Department prepares to finalize a new, expanded

Jan 29, 2020 at 16:49 UTCFormer Coinbase president and COO Asiff Hirji (L) has joined lending startup Figure Technologies as its new president.Asiff Hirji, the former president and chief operating officer of Coinbase, is the new president of Figure Technologies, the blockchain-based lending firm backed by Morgan Creek Digital.Figure announced Hirji's addition Wednesday, saying the…

Digital asset portfolio provider Truvius is to use CoinDesk Indices' (CDI) classifications to offer thematic crypto exposure through its investment platform.The aim of the collaboration is to offer automated portfolios tracking indices across a range of areas in the digital asset industry.Boston, Mass.-based Truvius, which is backed by digital asset financial services provider Galaxy Digital's…

Feb 6, 2020 at 12:00 UTCUpdated Feb 6, 2020 at 12:05 UTCThe Federal Reserve is looking at whether launching its own digital currency could be an effective counter to private initiatives such as Libra. Lael Brainard, who sits on the U.S. central bank's board of governors, said Wednesday the Fed is "conducting research and experimentation…

Short-term holder wallets are in the red and may liquidate near their breakeven level at $65,000. Long-term holder wallets, with average cost of less than $20,000, are incentivized to hold or boost their coin stash. As bitcoin (BTC) looks to recover from the July loss, new challenges loom, with onchain data suggesting a potential resistance

feature Two over-the-counter trading desks say their accounts at Gemini, the crypto exchange founded by U.S. investors Cameron and Tyler Winklevoss, were abruptly closed without explanation over attempts to redeem GUSD, the company’s stablecoin first introduced in September. The claims leveled against Gemini by the OTC desks, relayed under anonymity due to fears of reputational…

Sep 23, 2020 at 12:00 UTCDetail of Robert Alice, Block 22 (The Robert Alice project)Part of an art project that combines 40 paintings carrying a transcription of the code behind the Bitcoin blockchain is set to go under the hammer at Christie’s New York.  According to a press statement, the sale for 20 such paintings…

Boost VC has officially backed crypto startup number 100. With the news, confirmed Tuesday by CoinDesk, the San Mateo incubator has finally fulfilled a funding pledge made all the way back in March 2014, when co-founders Adam Draper and Brayton Williams boldly declared they would invest in 100 bitcoin startups over the next three years. Though…

Dec 8, 2020 at 9:23 a.m. UTCUpdated Dec 8, 2020 at 9:25 a.m. UTCCrypto Funds Have Seen Record Investment Inflow in Recent WeeksLast week, as bitcoin broke its all-time price high, institutional investors poured the second highest amount on record into cryptocurrency funds.According to a Reuters report citing data from digital asset manager CoinShares on…