Stripe CEO Patrick Collison said a stablecoin tool for companies outside US, UK and EU is ready for testing. What to know: Stripe is preparing to test a new stablecoin payments product aimed at companies based outside the United States, the United Kingdom, and the European Union. The company’s CEO, Patrick Collison, confirmed on social media that […]
As countries like the U.S. and El Salvador buy bitcoin, yours should too. You’ve probably heard this at a dinner party: “If only we had bought Bitcoin ten years ago.” Now imagine that conversation echoing in the corridors of a central bank, where the stakes are a nation missing one of the most asymmetric financial […]
Legal experts say it may not significantly alter the types of cases the DOJ brings. Earlier this month, the Department of Justice disbanded its National Cryptocurrency Enforcement Team and said it would no longer pursue what Deputy Attorney General Todd Blanche described as “regulation by prosecution.” You’re reading State of Crypto, a CoinDesk newsletter looking […]
TD Cowen analysts evaluated the Strategy’s treasury activity against bitcoin trading volume and price action over the past six months. What to know: Despite its growing footprint as a major corporate holder of bitcoin (BTC), Strategy’s large-scale purchases of the cryptocurrency appear to have little, if any, influence on its price, according to a research […]
Turkey’s President Erdogan’s experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins. What to know: The week has begun on an interesting note, with the U.S. dollar crashing to three-year lows alongside losses on Wall Street, yet bitcoin (BTC), which usually […]
Former Galaxy, Goldman Sachs, and JP Morgan executive Richard Kim faces securities and wire fraud charges after allegedly gambling away “nearly all” of his investors’ funds. What to know: Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors’ funds. According to an FBI complaint filed […]
Historical data shows big moves from 3–6 month holders often precede major price swings. What to know: Bitcoin (BTC) is likely headed for a period of heightened volatility as 170,000 BTC — worth over $14 billion at its current price of $84,500 — have moved from wallets held for three to six months, a cohort […]
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them. What to know: A Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one of the country’s largest crypto fraud cases to date. Federal Judge […]
Bitcoin may not fit the traditional mold of a safe haven, but in a world of rising sovereign risk and broken financial norms, it may be time to redefine what ‘safe’ actually means. What to know: The idea of “safe haven” assets—traditionally marked by gold and government bonds—amid market turmoil, is being tested like never […]
The bitcoin lending market will get much more competitive in coming years, and that’s good for consumers. What to know: The Trump administration’s friendliness toward the crypto sector is going to deeply change the bitcoin (BTC) lending market over the next four years. That’s according to Mauricio Di Bartolomeo, co-founder of Ledn, a firm that […]