For Wall Street, Bitcoin ETF Decision Could Answer ‘$1 Billion’ Question
CoinDesk talks to Wall Street analysts ahead of a decision that could find regulators approving the first exchange-traded fund for cryptocurrency.
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Bitcoin Retakes $35K After FOMC as Solana’s SOL Leads Sharp Altcoin Rally
Led by solana's (SOL) 16% surge, altcoins rallied sharply throughout the session Wednesday, while a late move higher in bitcoin (BTC) pushed its price to a new 17-year high above $35,500.Bitcoin at press time was changing hands at around $35,400, ahead 1.7% over the past 24 hours and firmly breaking above the $35,000 level which
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Blockchain Sleuthing Startup Chainalysis Raises $30 Million
news Chainalysis, the cryptocurrency transaction analysis startup, has raised $30 million in Series B funding. The firm will use some of the funding to open a new office in London and a research-and-development lab in a bid to expand its presence in the U.K., where it has worked closely with the likes of Barclays, the…
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Telegram-Based Notcoin Debuts at $1B FDV on Ton Blockchain
Notcoin has a fully diluted value of $1 billion and a market cap of $940 million.$294 million in trading volume took place in the first hour after the token was released.More than 35 million users have interacted with the game, which is available on the Telegram app.17:22Earn Alliance CEO on Helping Gamers Discover Web301:21Web3 Gaming
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Revolut Launches Commission-Free Crypto Trading for US Investors
Revolut, a fintech company with a $33 billion valuation that offers cryptocurrency buying as part of its services, is allowing U.S. customers to trade as much as $200,000 a month commission-free starting today.Among other free services announced by Revolut are out-of-network ATM withdrawals of up to $1,200 and 10 remittance payments. Users will also be…
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Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On
One of the U.S. Senate's top crypto critics, Elizabeth Warren, has drummed up some high-profile names to back her crypto legislation meant to target money laundering. The bipartisan bill hasn't yet made any further steps forward, such as an approval by the Senate Banking Committee. U.S. Sen. Elizabeth Warren (D-Mass.) has enlisted more support from
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Mastercard Releases Platform Enabling Central Banks to Test Digital Currencies
Payments giant Mastercard has released a platform that allows central banks to test how proposed central bank digital currencies (CBDCs) would work in real life. Mastercard announced Wednesday it had launched a virtual testing environment that can simulate issuance, distribution, and exchange of CBDCs between banks and financial service providers, as well as end-consumers purchasing…
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Ether (ETH) Surges 17%, Polymarket Approval Chances Rocket, as ETF Makes Regulatory Progress
Ether (ETH) surged 17% to over $3,600 as favorable regulatory developments increased the likelihood of ETF approval.The CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs.The CoinDesk 20, a measure of the performance of the market's largest digital assets, is up almost 8%.CoinDesk reported towards the close
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Bitcoin Price-Volatility Correlation Turns Negative Again as Crypto Traders Eye FTX Liquidations
The correlation between bitcoin and its implied volatility has turned negative again, indicating investor concerns about moves to the downside.Investors seem worried that impending FTX liquidations and continued monetary tightening by the Federal Reserve will drive crypto prices lower, according to one analyst.Bitcoin's (BTC) price and the cryptocurrency's forward-looking 30-day implied volatility gauge are again