Crypto Startups Are Destroying Millions of Coins – And Investors Love It

Dec 1, 2020 at 3:57 p.m. UTCUpdated Dec 1, 2020 at 3:58 p.m. UTCBanks Need to Adopt Crypto, NowThis year, crypto adoption in mainstream fintech has accelerated sharply. PayPal (PYPL), Revolut and Square (SQ) made much discussed moves. Recently, AllianceBernstein, a highly respected independent research house, published a report stating it has “changed their mind…

Digital asset products saw inflows totaling $174 million last week, bringing year-to-date (YTD) inflows to $8.9 billion. This is a significant increase from the $6.7 billion pumped into digital assets in 2020.Total assets under management (AUM) have also reached an all-time high of $80 billion, with bitcoin and ether leading the chart with roughly $53…

markets View Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains have bolstered the long-term bullish technical setup. While the relative strength index is reporting overbought conditions, there are no signs of bullish exhaustion…

After a user made an "enormous" gamble on bitcoin futures, and lost, OKEx said it is having to claw back millions from other traders.

news Two congressmen from Florida and North Carolina have introduced two bipartisan bills aimed to help prevent cryptocurrency price manipulation. Representatives Darren Soto (Democrat) and Ted Budd (Republican) jointly announced Thursday that their two bills – “The Virtual Currency Consumer Protection Act of 2018” and the “U.S. Virtual Currency Market and Regulatory Competitiveness Act of…

Mar 16, 2020 at 21:54 UTCUpdated Mar 16, 2020 at 22:15 UTCBRISK DEALINGS: “You still have a lot of people who are long that are trying to get out,” says an OTC crypto trader. (Image: Traders in the wheat pit of the Board of Trade in Chicago, 1920, via Shutterstock).Retail Investors Are Buying the Bitcoin…

Oct 26, 2020 at 13:39 UTCSilvergate is one of the few banks to openly serve the cryptocurrency industry. (Silvergate Bank, modified by CoinDesk)Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020, according to an earnings report released before market-open on Monday.The cost…

Franklin Templeton has applied for a spot Ethereum exchange-traded fund (ETF), a filing with the Securities and Exchange Commission (SEC) shows.The asset manager joins BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, who have all submitted applications in recent months.The filing comes roughly four weeks after Franklin, among nine other issuers

Would-be bitcoin exchange-traded fund (ETF) issuer Hashdex changed its paperwork Friday, naming BitGo as its bitcoin custodian and changing the name of its Bitcoin Futures ETF to the Hashdex Bitcoin ETF as it – and other companies – continue to hope for an approval for the U.S.'s first spot bitcoin ETF early in the new