Miners are facing significant challenges, with bitcoin revenue per petahash falling by half from a peak of $70 to $35. What to know: Bitcoin’s mining difficulty dropped by around 11%, its largest decline since China’s 2021 crackdown on the industry, after a sharp decline in hashrate triggered by plunging prices […]
Strategy Executive Chairman Michael Saylor affirmed the firm’s commitment to a long-term bitcoin strategy following major fourth quarter losses and a continued plunge in prices early this year. What to know: Concerns that Strategy (MSTR) will be forced to sell bitcoin amid falling prices are “an unfounded concern,” chairman Michael […]
A U.S. judge sentenced Daren Li to 20 years for a $73 million crypto fraud. The scam used Cambodia-based compounds to target victims via social media and dating apps. What to know: A federal judge in California sentenced in absentia a dual national of China and St. Kitts and Nevis […]
The incarcerated former leader of the failed crypto exchange wants a new chance to defend against fraud charges. What to know: Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, is seeking a new trial, according to a request filed in a New York federal court by his mother. […]
“401ks exist to help people save for a secure retirement, not gamble on speculative assets,” said an industry observer. What to know: Bitcoin’s 50% plunge from its October peak has done more than just erase $2 trillion in market value — it has reignited a fierce debate over the fiduciary […]
Braden John Karony had been convicted last year on several federal charges, and he’s ordered to pay back $7.5 million in restitution. What to know: Former SafeMoon CEO Braden John Karony will face an 8-year prison sentence after being convicted last year on a string of federal charges tied to defrauding investors […]
The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether’s stablecoins. What to know: Tether, issuer of the world’s most popular stablecoin, has acquired a $150 million minority stake in Gold.com (GOLD), deepening its push into the gold market just as the […]
Beyond Bitcoin: How advisors use indices to broaden crypto exposure. What to know: You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday. In today’s newsletter, Glenn Williams Jr from ProShares writes about growing investment in cryptocurrencies outside of bitcoin. Then, Wojciech Kaszycki from BTCS […]
“I think crypto starts to become invisibly more part of everyone’s lives,” said Tom Lee — the two appeared on a panel together Tuesday morning at the Ondo Summit in New York. What to know: New York — Bitcoin may be locked in a difficult market now, but long-term investors […]
At the Ondo Summit in New York, top asset managers said tokenization has moved beyond theory but warned that trust, education, and real-world utility are now the biggest hurdles. What to know: New York —The next evolution of asset management will be “wallet-native,” not just digital, according to Franklin Templeton’s […]