UBS: Bitcoin Is Too “Unstable and Limited” to Function as Money

Galaxy Digital price target raised to C$23 from C$17 at Canaccord.The crypto financial services firm is well positioned to benefit from the continued adoption of digital assets, the report said.The company’s mining assets could appreciate in value if the AI trend continues, the broker said.Galaxy Digital (GLXY) is well positioned given its strong institutional exposure

The EBA said it was looking for someone with “sound knowledge of cryptoasset products and services,” as well as several years of experience supervising financial institutions to carry out the role, which is to “carry out preparatory steps for the establishment of the supervision function” under MiCA.

Shiba Inu developers are slowly working towards a Shibarium network reopening by monitoring validator data and transactions days after a much-hyped network launch was marred by network issues and a faulty bridge.In a post early Tuesday, the project’s key developer, who goes by Shytoshi Kusama, said the network was “almost ready to reopen to the…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Brandy covers crypto-related venture capital deals for CoinDesk. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.A day after setting off a frenzy of Twitter speculation by tweeting out an orange dot, the…

Oct 30, 2020 at 10:36 UTCUpdated Oct 30, 2020 at 10:41 UTCHuawei’s Mate 40 Phone to Ship With Digital Yuan WalletChina’s digital yuan looks closer than ever to launch with the news that Huawei will be supporting the central bank digital currency (CBDC) on an upcoming range of phones.Announced on Huawei's Weibo channel Friday, the…

On this episode of Money Reimagined the discussion comes home for an insiders look at how new, disruptive technology and government interact. For this discussion, hosts Michael Casey and Sheila Warren of the World Economic Forum are joined by Marvin Ammori, best known for his work on network neutrality and Internet freedom issues. Rounding out…

The Sui Foundation, the organization behind layer-1 blockchain Sui that boasts a $2 billion valuation, has teamed up with Stork, an off-chain data feed oracle.The collaboration aims to enhance speed and access to unique index and mark prices for traders and builders. Stork will offer real-time pricing data to app developers, decentralized exchanges (DEXs) and

A German government agency appears to have transferred $425 million in bitcoin to another wallet, returning some to the original wallet and sending a portion to crypto exchange deposit wallets.Transactional data shows deposits worth $32 million each to Kraken and Bitstamp, which may indicate intentions to sell.A German government agency today moved $425 million in

news Japanese app provider LINE Pay Corporation has inked a deal with Visa to create new fintech services for their retail and merchant customers. In a joint statement emailed to CoinDesk on Thursday, the two companies said they will collaborate on “innovative financial experiences” in the areas of global payments, transfer platforms and blockchain. The planned…