UBS: Bitcoin Is Too “Unstable and Limited” to Function as Money
UBS doesn’t believe bitcoin constitutes money or a viable asset class yet, but it could in the future.
Related Posts
UK’s National Crime-Fighting Agency Seeks Six Crypto Investigators
The U.K.'s National Crime Agency (NCA) is setting up a team for cybercrime and is looking to recruit six specialist crypto investigators."This role will be part of a new project that will form a specialised cryptocurrency and virtual assets team," the job posting said. An ideal candidate will need to understand crypto and be able
Harbor’s Regulatory Wait Ends as FINRA Awards Crypto Broker-Dealer License
news Harbor Square Investments, a subsidiary of tokenized securities platform Harbor, has received a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), company executives told CoinDesk on Friday. The move breaks a lengthy standoff between aspiring crypto broker-dealers and the U.S. regulators who approve them. For more than a year, the Securities and Exchange Commission…
A Year of Careful, Prosaic BUIDLing
Dec 18, 2019 at 17:30 UTCUpdated Dec 18, 2019 at 18:27 UTCBrian Behlendorf, executive director of HyperledgerThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Brian Behlendorf is the Executive Director of Hyperledger, an open source group advancing…
Next Generation DeFi Platform M^ZERO Emerges from Stealth with $22.5M Funding Round
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.M^ZERO, a new decentralized infrastructure layer for digital asset value transfer, has emerged from…
Coinbase.com Users Can Now Send Crypto Directly to Firm’s Wallet App
news Coinbase has launched a new feature allowing user to directly transfer cryptocurrency holdings on Coinbase.com to accounts in the firm’s Wallet app. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Tuesday, saying that users will be able to link their accounts once the app gets updated in the “next…
Ether Trades Above $500 for the First Time Since July 2018
Nov 20, 2020 at 9:10 a.m. UTCUpdated Nov 20, 2020 at 9:12 a.m. UTCEther prices for the last 24 hours(CoinDesk 20)Ether Trades Above $500 for the First Time Since July 2018Ethereum’s native cryptocurrency ether has jumped to 28-month highs, taking year-to-date gains to nearly 290%.The second-largest cryptocurrency by market value crossed above $500 soon before…
Bitget’s Hong Kong Unit Halts Operations, Won’t Apply for Crypto License
Crypto exchange Bitget's Hong Kong unit will halt operations on Dec. 13 after deciding not to apply for a local crypto license, the firm announced Monday.BitgetX HK started up in April for spot trading and peer-to-peer (P2P) transfers, but users will be allowed only to withdraw assets from now until the platform shuts down in
Blockchain Bites: Trump on Bitcoin, Powell on Digital Dollars and the Truth About Terrorist Financing
Jun 18, 2020 at 16:09 UTCBlockchain Bites: Trump on Bitcoin, Powell on Digital Dollars and the Truth About Terrorist FinancingThe Washington Examiner published an excerpt of John Bolton’s new book detailing a dramatic scene in which President Trump told Treasury Secretary Mnuchin to go after bitcoin before tackling trade with China. This news follows a…