Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says
Signature Bank, a crypto-friendly institution, fell apart because of mismanagement by its officers and “contagion effects” after the collapse of Silicon Valley Bank and wind-down of Silvergate Bank, a federal bank regulator said in a report Friday.
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Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024, and once the legislation becomes law, exchanges will have 12 months to transition to the new regime, Australia's Treasury announced on Monday. The timeline indicates it could take till 2025 for an Australian digital asset platform

Warren Buffett Calls Bitcoin a ‘Gambling Token’
Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Jamie Crawley is a CoinDesk news reporter based in London.Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Billionaire investor Warren Buffett described bitcoin (BTC) as…
Binance Unit Tokocrypto Is Third Crypto Exchange to Score Full License in Indonesia
Binance's Indonesia subsidiary has won a full license from the nation's Commodity Futures Trading Regulatory Agency. More than 30 crypto exchanges have applied for a full license. Binance subsidiary Tokocrypto, an Indonesian cryptocurrency exchange, has obtained a full license as a Physical Crypto Asset Trader (PFAK) from the country's Commodity Futures Trading Regulatory Agency, known

Bitcoin Price Jumps by 11% to Reach One-Month High Above $6.9k
Bitcoin, the world's largest cryptocurrency by market capitalization, jumped by 11 percent on Monday, pushing prices above $6,900 for the first time in a month. CoinDesk's Bitcoin Price Index shows that ,just after 5:00 UTC on Monday, bitcoin saw a sudden spike of $400 over the course of 60 minutes, and reached as high as…

3 Ways Coinbase Could Lose Its Crypto Crown
Nov 10, 2020 at 14:10 UTCUpdated Nov 10, 2020 at 14:28 UTCCoinbase staff in 2014(CoinDesk Archives/Flickr)3 Ways Coinbase Could Lose Its Crypto CrownIn 2012, Coinbase consisted of two guys in a San Francisco apartment. Today, it’s a colossus that dominates the crypto retail business in the U.S. while also boasting a thriving exchange for professional…

Crypto for Advisors: Bitcoin and Lending
One thing is for sure: the cryptocurrency landscape is changing; regulatory frameworks continue to evolve, as do new products. How can advisors help their clients navigate the options within the space? In today’s issue, Meredith Yarbrough, managing partner at La Hoja Capital Partners, explores bitcoin’s role as collateral in lending and the potential benefits it

Coinbase Users Can Now Buy and Sell Brave’s Basic Attention Token
Crypto exchange Coinbase is adding web browser Brave's Basic Attention Token (BAT) to its retail trading platform, less than a week after listing it on Coinbase Pro. The exchange announced Thursday that customers would be able to buy, sell, trade or otherwise transact with the token on coinbase.com, as well as its Android and iOS…

CFTC Approves Bitnomial to Offer Futures Contracts Settled in Real Bitcoin
Apr 20, 2020 at 20:54 UTCUpdated Apr 20, 2020 at 21:34 UTCCFTC Chairman Heath Tarbert (Credit: CoinDesk archives)The U.S. Commodity Futures Trading Commission (CFTC) approved Bitnomial Exchange to operate as a designated contracts market (DCM), meaning the exchange can now offer bitcoin futures and options contracts.The approval, granted Monday, brings a new player to the…