Why the World’s Largest Asset Manager Is Getting Into Bitcoin

news Bitcoin fell 4.4 percent Friday, slipping below $9,000 for the first time in two weeks. Analysts cited a lack of positive market drivers and speculation that the U.S. Federal Reserve might pause this year’s rate-cutting cycle, which could curb demand for the cryptocurrency as a potential inflation hedge. The price dropped to $8,800 as…

Mar 25, 2020 at 16:15 UTCUpdated Mar 25, 2020 at 16:24 UTCCredit: Proxima Studio / Shutterstock.comMobile bank Revolut has launched in the U.S., with an eye to offering its cryptocurrency services sometime in the near future. The London-based challenger bank announced Tuesday that U.S. customers could now register for an account and sign up for…

Mar 25, 2020 at 15:00 UTCUpdated Mar 25, 2020 at 15:24 UTCKris Marszalek, co-founder and CEO of Crypto.com. Image courtesy of the firmUsers See ‘Buying Opportunity’ in Coronavirus Market Downturn, Says Crypto.comEven as markets were shaken by the rapid spread of the novel coronavirus, exchange and payment provider Crypto.com says interest in cryptocurrencies reached an…

Institutional customer funds locked on crypto custodian Cobo’s Argus protocol crossed $100 million within one week of its release, CEO Discus Fish told CoinDesk.The firm allows institutional users, such as banks, asset managers, crypto funds and mining pools, to safely store token holdings and engage in decentralized finance (DeFi) activities.Cobo released the Argus version 2…

Ethereum layer 2 scaling solution Arbitrum will release over $1 billion worth of ARB tokens in March next year, kicking off a four-year period of staggered unfreezing of its native digital asset, according to data source Token Unlocks.On March 16, the protocol designed to offer scalable and low-cost smart contract capabilities will "cliff unlock" 1.11…

Messi shared an image displaying the token's mascot, a cartoon glass of water, perched on his shoulder with a link to the project's Instagram page on Monday. One of the exchanges on which WATER is available for purchase is Bitget, which may explain Messi's apparent endorsement. The promotion and the team behind the token drew

Dec 3, 2020 at 6:43 p.m. UTC(Alex Wroblewski/Getty Images News)Why Stablecoins Are the First Battleground of the Coming Crypto Regulation WarsThe STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.For more episodes and free early access before our regular 3 p.m.…

PodcastsCoinDesk Podcast NetworkA Bitcoiner Is Now on the Senate Banking CommitteeListen onIcons/Big/Google-PodcastsApple PodcastsIcons/Big/SpotifySpotifyIcons/Big/PocketcastsPocket CastsIcons/Big/Apple-PodcastsGoogle PodcastsIcons/Big/CastboxCastboxIcons/Big/StitcherStitcherIcons/Big/RadioPublicRadioPublicIcons/Big/IHeartiHeart RadioIcons/Big/RssRSS FeedFeb 6, 2021Nathaniel WhittemoreHostWyoming’s Cynthia Lummis – the first U.S. senator to publicly hold bitcoin – has been appointed to the key financial regulatory committee.This episode is sponsored by Nexo.io.Download this episodeOn this edition of The Breakdown’s weekly recap,…

Crypto think tank Coin Center got the go-ahead from a U.S. court of appeals to re-try its lawsuit against the Treasury Department and the IRS. Coin Center sued them in 2022 over a controversial amendment to the U.S. tax code that would require people to disclose certain crypto transactions – and personal details of the