Cryptocurrency Market to See More Upside Following Bank Problems: Bernstein

Robinhood Markets Inc., the retail broker whose entry into crypto several years ago was powered by Chicago-based juggernaut Jump Trading, is no longer doing business with the firm, a person familiar with the matter told CoinDesk.Robinhood’s no-fee crypto business depends on market-making firms to keep its billions of dollars in volume trading smoothly. But Jump…

In February, the SEC proposed dramatic changes to a bedrock law governing the custody of assets. The original rule, Custody Rule 206(4)-2, was adopted by the SEC in 1962 which mainly focused on physical custody of client assets – stock and bond certificates – saying they were to be kept in a bank, segregated from…

James Rubin is CoinDesk's U.S. news editor based on the West Coast.Good morning. Here’s what’s happening:Prices: Bitcoin sank below $27K for the second consecutive day. Investors are in a wait-and-see mode.Insights: Bitcoin is taking a breather even amid mildly upbeat jobs and price data this month.Bitcoin Sinks Below $27K AgainFor a second straight day, bitcoin…

news Blockchain investment firm Pantera Capital is leading a $4.5 million seed round in Staked, a startup that provides institutional investors with the technical infrastructure for non-custodial staking services. Other participants in the round include Coinbase Ventures, Global Brain, Digital Currency Group, Winklevoss Capital, Fabric Ventures and Blocktree Capital. “You’ve got $25 billion of stake-able crypto that’s coming…

feature UPDATE 13:40 UTC: In a statement received by CoinDesk Thursday, the U.S. Commodities Futures Trading Commission (CFTC) says LedgerX has “not yet been approved by the Commission” to offer physically settled bitcoin futures, contradicting the company’s claims. CoinDesk will continue to follow this developing story. The Takeaway Bitcoin derivatives provider LedgerX announced it has launched…

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Bitcoin (BTC) is down almost 2% over the last 24 hours and back below $27,000 at $26,700 as investors continue to weigh the implications of the U.S. debt…

Infamous developer Amir Taaki believes bitcoin's potential is exhausted, but he's not giving up the fight to change the world with cryptocurrency.

Sep 17, 2020 at 13:17 UTCUpdated Sep 17, 2020 at 13:18 UTC(Franki Chamaki/Unsplash, modified using Photomosh)Say Hello to the SingularityThe current blockchain world is so full of crazy ups and downs, it’s easy to become so focused on the short-term that one loses track of the big picture. But it’s important to fight this tendency…

Crypto users that frequently interact with new and existing platforms will likely receive an airdrop at some stage – which has quickly spurred the narrative of “airdrop farming” in Crypto Twitter circles, as large airdrops can be valued at thousands of dollars in effectively free money at peak.