Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $27.6K
Coinbase shares were up close to 7%, while those of MicroStrategy (MSTR), which holds billions of dollars of bitcoin on its balance sheet, were up 7.7%. Crypto mining stocks were up significantly, as well, led by Riot Platforms (RIOT), up 12%. Shares of Hut 8 (HUT) and Hive Blockchain Technologies (HIVE) were both up 7%.
Related Posts


Road to Consensus: Jake Chervinsky – Crypto Twitter’s Favorite Lawyer
Jake Chervinsky is a lawyer, just not yours. A litigator with New York-based Kobre & Kim, Chervinsky has become a preeminent Twitter personality thanks to his insightful, informative tweets about cryptocurrency, and particularly ETFs. Chervinsky joins host Nolan Bauerle to talk about the SEC, enforcement, and the Twitter school of law. Register for Consensus to…

Compared to Traditional Banks, Crypto Lenders See Booming Growth
Jan 30, 2020 at 14:52 UTCUpdated Jan 30, 2020 at 15:05 UTCGenesis CEO Michael Moro image via CoinDesk archivesA lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning.The Commerce Department…

UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding
A new U.K. bill is set to give local authorities powers to freeze and confiscate crypto assets tied to crime if approved later this year.Policy watchers say the bill could help prevent tainted assets from being moved before seizures in criminal cases, and possibly even contribute millions to public funding.The U.K. is making it easier

Former Fed Nominee Stephen Moore Backs Fractional Reserve Stablecoin
news Stephen Moore, who backed out from a nomination to the Federal Reserve Board of Governors, is now trying to upend central banks. On Monday, the economist announced his involvement with Frax, a stablecoin backed by a fractional reserve. Coming via a partnership with Sam Kazemian, CEO of Wikipedia rival Everpedia, the stablecoin would be…

Bitcoin News Roundup for March 18, 2020
Mar 18, 2020 at 16:00 UTCFor early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's Stories:For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by…

Major Banks Back $7.4 Million Funding Round for Korean Blockchain Firm
news Blocko, a South Korean blockchain firm working on enterprise applications of the tech, says it’s raised 9 billion Korean won (around $7.44 million) in an Series B+ round. According an announcement on Thursday, Blocko said Korea’s oldest bank, Shinhan, as well as KEB Hana Bank, LB Investment and Dadam Investment took part in the round. The…

Hong Kong’s Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report
Hong Kong's Futu Securities has launched crypto trading of the two largest cryptocurrencies. Futu is offering these services through a partnership with a Hong Kong licensed cryptocurrency exchange, HashKey Exchange. 45:11 Bitcoin’s Price Is Way Up. And $48 Trillion in Wealth Just Got Access 08:42 Bitcoin Ecosystem Developments in 2023 as BTC Hits Fresh 2023

Ethereum Meeting Leaves Open Questions Ahead of October Upgrade
A phone call that brought together a broad representation of the ethereum community to discuss critical code changes on which decisions need to be made ahead of a software upgrade scheduled for October, failed to produce immediate results Friday. The bi-weekly developers call, which this week included a majority of the network's miners and some…