Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman

New York-based cryptocurrency financial services firm Galaxy Digital (GLXY) now has a CEO of Europe as it looks to expands in the continent.Mike Novogratz's firm has appointed Leon Marshall, its existing global head of sales, as its first European CEO. Marshall will continue as head of sales in addition to his new role.The newly-created position

With all due respect to Molly Jane Zuckerman and Jeff Albus, the co-authors of a recent Blockworks column discounting the idea of voting for pro-crypto politicians in the upcoming election in the U.S., voting your conscience is a good thing. Despite the headline (“Only a fool would vote on crypto alone”), the piece was fairly

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 . Latest Prices (CoinDesk) Top Stories Bitcoin rose to over $62,500 following the weekend attack on Donald Trump , which seems to have also boosted the

news ErisX is beefing up its leadership ahead of the launch of cryptocurrency spot and futures trading early next year. Revealed exclusively to CoinDesk, the digital asset trading platform has hired markets and exchanges veteran Matt Trudeau as chief strategy officer. The news comes a week after ErisX closed a Series B funding round that raised $27.5 million…

Oct 26, 2020 at 16:00 UTCJeff Wu (left) and Teddy Woodward (right), co-founders of Notional (Notional)Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFiLending and borrowing rates on all the top decentralized finance (DeFi) platforms are dizzyingly variable.Enter Notional, a new protocol that lets users lend and borrow crypto at fixed rates. After…

Investor interest in the bitcoin options market increased, with the cryptocurrency nearing record highs in the lead up to Tuesday’s launch of the first-ever U.S.-based bitcoin futures exchange-traded fund (ETF).Bybt data shows that the cumulative dollar value of bitcoin options contracts open on major exchanges rose to $14 billion on Tuesday, hitting the highest since…

Dea Markova is a Managing Director and head of digital assets at Forefront Advisers.April was full of stablecoin politics, perpetuating the idea of a global race to tokenize cash. In my opinion, this is not a single race – it’s a competition across several disciplines. We should cheer for the right to compete freely rather…

news Investment bank JPMorgan Chase has said that cryptocurrencies would only have value in a dystopian economy. In a recent note to its clients, the firm said that it was skeptical of the value of cryptocurrencies apart from in a “dystopia” where investors have lost confidence in “all major reserve assets (dollar, euro, yen, gold)…

Jul 24, 2020 at 14:00 UTCUpdated Jul 24, 2020 at 14:01 UTCWednesday's letter gave small banks regulatory cover to provide crypto custody services, but larger banks may need more specific guidance. (Mark Van Scyoc / Shutterstock, modified via Photomosh)Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to IgnoreThe Office…