Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $27.6K

Fresh pastures (Alex Vinogradov/Unsplash)Kyber Network Is Bringing Yield Farming to DEXlandFresh pastures are opening in the world of yield farming. Kyber, a decentralized exchange (DEX), is preparing to share trading fees with KNC token holders. Launched Tuesday, KyberDAO will let users stake KNC and earn yields in more KNC, proportional to their stake. Yields won’t…

news Crypto exchange Binance is launching a dollar-backed stablecoin in the U.S. Moreover, the new Binance USD (BUSD) has received the blessing of the New York Department of Financial Services (NYDFS). The exchange announced Thursday that NYDFS had approved the new offering, which Binance is launching in partnership with the Paxos Trust Company. The Binance…

In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB tokens, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.A surge in aggregated sell orders of about 125,000 BNB worth $37 million hit the BNB/USDT order book on Binance at 11:45 p.m. UTC…

SuperDao, the platform that helps communities build their decentralized autonomous organization (DAO), has announced that it is shutting down and returning leftover money to investors.DAOs are blockchain-based organizations that are governed by code instead of leaders.The firm raised $10.5 million in its seed round in 2021 with investment from SignalFIre, Circle and One Block Capital.SuperDao

news Bitcoin (BTC) and Bitcoin SV (BSV) are the only cryptocurrencies within the top 10 by market capitalization to have jumped back above their long-term moving averages. The 200-day moving average (MA) is often regarded as a marker for bullish long-term health when prices are above and bearish long-term market health when prices reside below.…

NEWS Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), said Tuesday that he doesn’t see a pathway to a cryptocurrency ETF approval until concerns over market manipulation are addressed. “How that [manipulation] issue gets addressed, I don’t have a particular path. But it needs to be addressed” before an ETF gets approved,…

May 11, 2020 at 17:00 UTCUpdated May 11, 2020 at 18:20 UTCFirst Deputy Comptroller Brian Brooks speaks at CoinDesk's Consensus: Distributed. (Credit: CoinDesk archives)US Banking Regulator Suggests Federal Licensing Framework for Crypto FirmsA key bank regulator in the U.S. may be open to allowing crypto companies to be licensed as financial institutions on a national,…

Dec 29, 2020 at 2:00 p.m. UTCUpdated Dec 29, 2020 at 2:11 p.m. UTCRussell Okung of the Carolina Panthers(Jonathan Bachman/Getty Images)Panthers’ Russell Okung Becomes First NFL Player to Be Paid in Bitcoin“Pay me in bitcoin” has come true for National Football League player Russell Okung. Some 20 months and a 273% price increase after he first…

On Monday, Blackrock filed a revised spot bitcoin exchange-traded fund (ETF) proposal in a bid to appease regulators, likely boosting its odds of securing a first-of-its-kind approval in the U.S.Under the updated proposal, Blackrock's ETF will feature cash creation and redemption mechanisms, the model favored by the Securities and Exchange Commission (SEC). The world's largest