Crypto News
Latest Crypto News
Bitcoin Price (BTC) Higher After Fed’s Dovish Pause
The price of bitcoin (BTC) added just less than 1% to previous Wednesday gains, now higher by 2.2% to $42,370. A check of traditional markets finds rates tumbling, with the 10-year Treasury yield down 12 basis points to 4.08%, its lowest level since August. U.S. stock market averages have moved to session highs, the S&P…
Why 2023 Is Like 2020 and Bitcoin Is Set to Head Towards $50k
Crypto derivatives show bullish positioning but are not over-extended by historical norms. That’s good news for the whole crypto market. Source link
Bitcoin Has Gifts This Holiday Season
This shift might ruffle some feathers, straying from crypto’s original ethos as an alternative to mainstream finance. But, hey, it’s what’s revving up excitement again. And it’s not just Wall Street driving this. Macro factors like the potential end of the U.S. interest rate hiking cycle, Middle East tensions and the specter of long-term inflation…
FASB Confirms 'Fair Value' Approach for Corporate Crypto Holdings
The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let corporations recognize “fair value” changes in crypto holdings. Source link
Revised BlackRock Bitcoin ETF Filing Invites Participation From U.S. Banks
A change to the mechanics of BlackRock’s proposed spot bitcoin (BTC) ETF opens the door for Wall Street banks, which face restrictions holding cryptocurrencies, to play a key role. BlackRock recently made it so authorized participants (APs) – a vital part of the ETF ecosystem – will be able to create new fund shares with…
Blockstream Preps New Sale of Notes Designed to Profit From Rebounding BTC Mining-Rig Prices
A pitch for the notes describes the investment strategy like this: “Leveraging Blockstream’s long track record, leading market position, substantial scale, broad expertise and strong relationships across the ASIC supply chain, the BASIC structure plans to acquire and warehouse new and unused ASICs at attractive prices, and to eventually strategically sell them back into the…
Three Arrows’ Su Zhu Faces Questions From Liquidator Teneo in Singapore Court in Asset Hunt: Bloomberg
The two-day court hearing required Zhu to respond to lawyers for liquidator Teneo with details on how the fund failed and the whereabouts of the assets, people familiar with the matter told Bloomberg. The people wished to remain anonymous because the proceedings were private, the report said. Source link
Assets of HTX, Poloniex are ‘100% Safe’ Says Justin Sun After $200M Hack
“Right now, Poloniex and HTX have recovered from the hack, and we are resuming the tokens one by one,” Justin Sun, an investor in Poloniex and an advisor for HTX, told CoinDesk. “I think for HTX, we have already resumed 95% in terms of USD worth of assets. On Poloniex, we have resumed around 85%…
Cathie Wood’s ARK Sold $11.5M Coinbase Shares
The firm offloaded a total of 82,255 shares worth about $11.5 million at Tuesday’s closing price from the ARK Innovation (ARKK), ARK Next Generation Internet (ARKW) and ARK Fintech Innovation (ARKF) exchange-traded funds (ETF). It has reduced its stake in the crypto exchange on all but two trading days this month. Source link
Howard Lutnick, Cantor Fitzgerald CEO, Is a Fan of Bitcoin (BTC) and Tether (USDT)
“I am a fan of crypto, but let me be very specific, bitcoin, just bitcoin. These other coins, they are just not a thing,” he said during an interview with CNBC’s Money Movers podcast. Lutnick also said that he’s a fan of Tether, as Cantor Fitzgerald is one of the stablecoin’s custodians. Other custodians are…