Ex-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm: Source

Despite fighting what must be an incredibly cost-draining battle against the top U.S. securities regulator, Coinbase (COIN) is in a period of fluttering activity. Last week, the biggest publicly traded crypto company launched a new blockchain, Base, which has seen a surprising amount of uptake largely due to a couple viral apps. And today it…

The bitcoin hashrate has surpassed 700 EH/s for the first time, marking a 6% increase over the past seven days. Bitcoin's hashprice briefly went above $50 PH/s, a two-month high, as mining profitability increased driven by a spike in transaction fees and a surge in bitcoin's price. 01:31 Bitcoin ETFs Are "Trojan Horse for Adoption":

Financial markets have been shaken in the past week following a series of bank collapses, providing a perfect setting for the decentralized financial system to stand out as an alternative, and for a continued advance in cryptocurrency markets, Bernstein said in a research report Saturday.

Larry Fink was in a bullish mood on Friday as he spoke of the increasing demand he is seeing for cryptocurrencies among gold investors.Appearing on CNBC following his company's second-quarter earnings report, the CEO of $8.5 trillion asset manager BlackRock (BLK) said "more and more" gold investors have been asking about the role of crypto…

Jun 15, 2020 at 21:19 UTCUpdated Jun 15, 2020 at 21:20 UTCUS Supreme Court’s Computer Fraud Ruling Has Big Implications for CryptoThis summer, the U.S. Supreme Court will consider how to interpret the 1986 Computer Fraud and Abuse Act, a key data protection law. The court’s decision could criminalize common but technically prohibited computer-related conduct,…

Traditional credit card payments will hold firm amid the growth of cryptocurrencies, American Express CEO Stephen Squeri predicted on the company’s third-quarter earnings call Friday.Unlike crypto, traditional credit cards offer clients rewards, service, ability for disputing charges, along with the ability to extend credit, Squeri said.Squeri said he sees cryptocurrency much more as an asset…

Feb 18, 2020 at 17:00 UTCWith the price of bitcoin breaking below last week's critical resistance, Markets Daily is back with another time-saving news roundup.For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's news:For early access before our regular noon Eastern…

Nov 24, 2020 at 10:25 p.m. UTCCoinbase Ditches US Customer Tax Form That Set Off False Alarms at IRSCryptocurrency exchange Coinbase has decided to discontinue sending customers 1099-Ks, the U.S. tax form which led the Internal Revenue Service (IRS) to mistakenly think traders had underreported their gains. The exchange will instead use the 1099-MISC form, at…

With signs of bull exhaustion showing on the technical charts, bitcoin (BTC) faces a return to the psychological support of $7,000. At press time, the cryptocurrency is changing hands at $7,235 on Bitfinex – representing a 0.4 percent drop on a 24-hour basis. Prices found acceptance above $7,000 over the weekend, having cleared the resistance…