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

Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the position.Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the position.Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR.…

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 00:52 Ether ETFs Saw Biggest Outflows Since July 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April

May 9: Gnosis, an Ethereum sidechain, said it will partner with Zeal, creators of a comprehensive digital wallet, to enhance everyday crypto use, according to the team: "This collaboration involves exploring easy solutions for daily self-custodied crypto transactions, akin to using cash. Gnosis also commits $2 million to Zeal, boosting its total funding to $9

Bitcoin-focused financial services company Meanwhile Group, backed by OpenAI CEO Sam Altman, has started a bitcoin (BTC) private credit fund, the firm announced Thursday.The closed-end fund seeks to entice institutional investors in part by offering a "conservative" 5% yield denominated in bitcoin, the press release said. Investors will contribute U.S. dollars to the fund, which

The crypto regulatory situation in the U.S. is sad. Not because the Securities and Exchange Commission or Department of the Treasury keep proposing new, unpopular rules but because there is a lack of depth and insights into most of the positions and intended actions coming out of U.S. regulatory agencies.What we have today is hastily…

news J. Christopher Giancarlo is Chairman at U.S. Commodity Futures Trading Commission, the agency of the US government that regulates futures and options markets. This will be the last time I speak to you from the CFTC. Nevertheless, before I go, I wanted to share some thoughts, which I have been saving. My five years…

news Singapore-based exchange conglomerate Huobi Group has a unique growth strategy for emerging markets: partner with local entities and then split the profits 50/50. Revealed exclusively to CoinDesk, the South African exchange HIZA will launch in May and join a cohort of 150 platforms under the Huobi Cloud umbrella, according to Huobi Group’s senior business…

The bitcoin market is experiencing some of the lowest volatility it's seen in 18 months. The daily volatility, as represented by the spread between the daily price high and low, fell below $100 on Oct. 19 and since then, has remained under that psychological mark, according to CoinDesk's Bitcoin Price Index (BPI). The seven-day period…

Oct 12, 2020 at 19:59 UTCUpdated Oct 12, 2020 at 20:15 UTC(Unsplash, modified by CoinDesk)Chris Giancarlo’s Digital Dollar Project Proposes US CBDC PilotsThe Digital Dollar Project ratcheted up its calls for the U.S. to get serious about a central bank digital currency (CBDC) Monday with the release of nine “pilot” scenarios that it said would…