Bitcoin Drops Even as Wall Street’s ‘Fear Gauge’ Indicates Calm Ahead of Fed Decision
“I don’t think the hawkish Fed trade has peaked,” one observer said. Bitcoin fell even as the Chicago Board of Options Exchange’s volatility index (VIX),…
Tag: cryptocurrency
French Banking Giant BNP Paribas Enters Crypto Custody Space: Sources
The French bank will be working with crypto custody specialists Metaco and Fireblocks. French Bank BNP Paribas (BNP) is entering the cryptocurrency custody space via…
Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether
New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current…
Crypto Is Trying Out Traditional Finance’s Failures in Hyperspeed, but It’s Going to Be Fine
What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times. The last time I wrote…
First Mover Asia: Bitcoin Rebounds Past $20K; China’s Blockchain Revolution Is Missing On-Chain Data
Ether and most other major altcoins regain ground they’d lost in last week’s downturn; China companies seem unconvinced by blockchain technology. Prices: Bitcoin gains ground, hovering…
A Major Crypto Exchange Abandons Ethereum: Is the World’s Computer Falling Behind?
By ditching Ethereum for Cosmos, dYdX has sparked claims that it has chosen sovereignty over security. Last week, crypto derivatives exchange dYdX announced that it…
Coinbase Shares Slump With Crypto Prices as Binance.US Starts Zero-Fee BTC Trading
Cryptocurrency prices resumed their slump, hurting Coinbase and related equities Shares of Coinbase Global (COIN) fell more than 7% Wednesday, lagging crypto-exposed peers as the…
MARKETS
ProShares is launching a short bitcoin ETF this week Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short…
MicroStrategy denies it received a margin call against bitcoin-backed loan
Aggressive bitcoin investor and American software firm MicroStrategy says it hasn’t received a margin call against a $205 million bitcoin-backed loan it took in March. A margin…
Crypto Lender Celsius Hires Restructuring Lawyers After Account Freeze
Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions Crypto lender Celsius Network LLC has hired restructuring attorneys from…