Franklin Templeton Upgrades $380M Tokenized Treasury Fund to Enable Peer-to-Peer Transfers
Franklin Templeton enabled peer-to-peer token transfers for its money market fund, BENJI, enhancing connectivity in the digital asset ecosystem. [ more ]
Second of only Four Bitcoin "Epic Sats" Found by a Binance User
Epic Sats are rare, valuable satoshis from the first of each Bitcoin halving era, fetched high prices at auction, and are comparable to winning the lottery. [ more ]
Ether Holds Up Despite Correction in CoinDesk 20: CoinDesk Indices Market Update
The CoinDesk 20 index fell by 6.8% in the last week, with all 20 assets in the index trading lower, influenced by the lackluster debut of spot bitcoin and ether ETFs in Hong Kong. [ more ]
Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets
Cryptocurrencies tumbled as traditional market sentiment shifted, impacted by geopolitical risks, leading to significant losses in various digital assets. [ more ]
First Mover Americas: Traders Are Turning to Ether
Derivatives market metrics suggest that traders are shifting their focus from bitcoin to ether, potentially indicating a future outperformance of Ethereum's native token.
IBM has released the IBM Hyper Protect Offline Signing Orchestrator (OSO), a cryptographic signing technology that enhances security for digital assets in cold storage. [ more ]
IBM Introduces New Cold Storage Tech for Crypto Assets
IBM has released the IBM Hyper Protect Offline Signing Orchestrator (OSO) to enhance security for handling digital assets in cold storage.
The new technology helps protect high-value transactions by offering additional security layers, disconnected network operations, and electronic transaction approval. [ more ]
Asset Manager Abrdn, Crypto Exchange Archax Strive for Pole Position in Race to Tokenize TradFi
UK investment firm abrdn and regulated exchange Archax are collaborating to tokenize traditional assets, starting with an institutional-grade money-market fund token.
The tokenized tranche of the abrdn fund, which uses the Hedera Hashgraph ledger, is available for as little as $5,000, potentially attracting new investors. [ more ]
Financial technology firm Figure Technologies is preparing for an IPO of its lending division, LendCo, by hiring investment banks including Goldman Sachs and JPMorgan.
Figure Technologies seeks to raise $50 million for its digital asset arm, led by CEO Mike Cagney.
Figure Technologies previously attempted to go public through a SPAC merger and a merger with Homebridge Financial Services, both of which fell through due to various factors. [ more ]
NFT Trading Volume on Track to Drop Below $1B, But Does That Metric Matter?
Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR.She has previously worked across breaking news, global finance, tech, culture and business.She holds a small amount of BTC and ETH and several NFTs.The non-fungible token ( NFT) market is evolving, and measuring its success depends on which metrics you're looking at.
Miami Bitcoin Conference Flags Attendance Down by Half as 'Crypto Winter' Drags On
Bitcoin faithful are making the annual pilgrimage to Miami Beach by the thousands for the third year in a row, for an industry conference set to feature speakers including the U.S. presidential candidate Robert F. Kennedy and the author Michael Lewis.Organizers of the conference, Bitcoin 2023, call it the "world's largest Bitcoin gathering," starting Thursday and ending with an exclusive afterparty on Saturday night.
Litecoin Leaves Bitcoin and Ether Behind With Rally to One-Month High
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.Bitcoin offshoot Litecoin ( LTC) is having a moment amid a broader market lull, rallying 15% over the past seven days to a one-month high of $95 Wednesday, according to CoinDesk data.It's pulled back a bit to $92 as of press time.The price rally puts LTC at number two on the list of the best-performing digital assets with at least $1 billion market capitalization.
U.S. Bitcoin Corp (USBTC) has signed multi-year agreements to host 150,000 bitcoin mining machines with major firms including Marathon Digital Holdings (MARA), the firm told CoinDesk.The deals showcase the apparent rebound in the mining industry, which is trying to rise after a rough 2022.Last year's crypto downturn led to a lot of major miners going bankruptcy, including Compute North, which was originally running the three USBTC sites.
Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become the most-traded collection in the past 24 hours, surpassing even prominent collections, such as Bored Apes.Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show.
Binance Australia Halts Australian Dollar Bank Transfers
Binance Australia says that it will no longer be able to facilitate Australian Dollar bank transfers using PayID, the exchange said on Thursday.In a tweet, Binance Australia blamed its third-party payment service provider and said that it's working to find an alternative.Australia-based users can still buy and sell crypto using their credit or debit card, and Binance says its P2P marketplace continues to operate as usual.
Ledn First-Quarter Loans Top Record $690M as Lending Market Snaps Back
Ledn processed $690 million in loans in Q1, with 84% to institutions. Loan book doubled since Nov 2022, attributed to spot bitcoin ETF approval in the U.S. [ more ]
MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord
MicroStrategy cut its price target to $1,590 from $1,810 after acquiring more bitcoin and reporting a net loss due to digital asset impairment charges. [ more ]
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
MicroStrategy reported a net operating loss due to a digital asset impairment charge in Q1 despite the significant increase in bitcoin's value. [ more ]
South Africa's Election Won't Interfere With Crypto Policy: Industry Watchers
South Africa introduced a licensing regime for crypto and plans to issue 60 licenses soon, with the community confident that politics won't impede digital asset plans. [ more ]
Why Creative Fabrica is My Go-To Resource for Blogging and Online Store Needs - Motherhood Life Balance
Creative Fabrica offers high-quality digital assets and affordable subscription plans for bloggers, content creators, and online store owners. [ more ]
Crypto for Advisors: Beyond Bitcoin, Crypto Indices
Investor interest in digital assets is growing, leading to the creation of crypto indices and funds beyond bitcoin.
The cryptocurrency asset class has expanded to include thousands of diverse tokens, valued in trillions of dollars, highlighting the dynamic evolution of the ecosystem. [ more ]
Senator Marsha Blackburn to Speak on Importance of BTC, Digital Assets for US Economy at Bitcoin Policy Summit in Washington D.C.
Marsha Blackburn is speaking at the Bitcoin Policy Summit, focusing on digital asset policy and Bitcoin's future direction in the US.
Blackburn co-sponsored an amendment for cybersecurity data sharing in the crypto industry, highlighting the importance of regulatory measures in the space. [ more ]
Michael Saylor Not Interested in Selling: 'Bitcoin Is the Exit Strategy'
Michael Saylor plans to hold onto MicroStrategy's bitcoin long-term, believing in its superiority over traditional asset classes.
Bitcoin's value is seen as surpassing gold, real estate, and the S&P index, with Saylor advocating for keeping the winning asset rather than selling. [ more ]
The cryptocurrency industry has long complained about a lack of legal clarity from regulators regarding digital assets.
Prometheum's decision to custody ETH as its first digital asset raises questions about compliance with the SEC and the classification of ether. [ more ]
Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry
The Securities and Exchange Commission (SEC) approved 11 applications by financial firms to offer Bitcoin exchange-traded funds (ETFs), signaling increased interest and investment in digital assets.
Major financial companies like BlackRock and Fidelity were among those approved to offer the ETFs, which are expected to begin trading soon on traditional platforms like Nasdaq.
The approval of ETFs tied to Bitcoin is seen as a step towards mainstream financial acceptance of digital currencies, drawing both professional wealth managers and amateur traders to invest in the industry. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
In today's ExchangeWire news digest: Coinbase faces legal action for violating US securities law; Spotify cuts 200 jobs as it revises its podcast offerings; and new data indicates funding for European start-ups will decline 39% this year.Coinbase sued for crypto brokering The Securities and Exchange Commission (SEC) has sued Coinbase, accusing the company of violating US securities laws.
In today's ExchangeWire news digest: Coinbase faces legal action for violating US securities law; Spotify cuts 200 jobs as it revises its podcast offerings; and new data indicates funding for European start-ups will decline 39% this year.Coinbase sued for crypto brokering The Securities and Exchange Commission (SEC) has sued Coinbase, accusing the company of violating US securities laws.
MarTech's metaverse marketing experts to follow | MarTech
The metaverse.Immersive reality.Virtual reality.We still haven't 100% agreed on what to call this digital experience channel.That may be because they are the future of online life and we don't know exactly what that future will look like.Whatever you call it, it's already an essential part of life online with 400 million people using versions of it monthly for games, conferences, concerts and more, according to one study.
It would be an understatement to say the commerce landscape changed significantly over the last few years.Thanks to a shift towards digital at the start of the decade, prompted by the Covid-19 pandemic, e-commerce has boomed: this year, 20.8% of retail purchases are expected to take place online.By 2026, this figure is forecast to rise to 24%, with global e-commerce sales expected to surpass USD$8bn (~£6.4bn).
TikTok Restructures E-Commerce Business; IOSCO Proposes Global Crypto Regulation
In today's ExchangeWire news digest: TikTok readjusts its e-commerce business in a bid to break out of Asia; the IOSCO reveals a proposed global approach to crypto regulation; and Twitter accuses Microsoft of inappropriately harvesting data from the platform.TikTok has adjusted its e-commerce business in an effort to crack western markets such as the UK and the US.
First Mover Americas: Litecoin Might Be Trading at a Discount
This article originally appeared in First Mover, CoinDesk's daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day.An onchain metric suggests that litecoin (LTC), the 12th largest cryptocurrency by market value, is trading at discounted prices.
First Mover Asia: Traders Long on Bitcoin Despite Debt Ceiling Challenges, Dark U.S. Regulatory Clouds
Good morning.Here's what's happening:
Prices: Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.Insights: GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks.
Galaxy Executed its First OTC Options Trade as Demand for On-Chain Options Ramps Up
Galaxy Digital's first over-the-counter (OTC) option trade, executed earlier this week, marks a tangible step toward bringing the conventional financial system onto decentralized finance (DeFi) infrastructure.FTX's blowup and the collapse of several crypto lenders brought attention to the risks of centralized finance (CeFi) - AKA trusting one's money with a company, rather than a protocol - providing a tailwind for DeFi.
Expect Ripple Deal to Set Off Crypto Custodian M&A, Says Advisory Firm
Blockchain firm Ripple announced on Wednesday its $250 million acquisition of Switzerland-based custodian Metaco.Crypto advisory firm Architect Partners expects further mergers and acquisitions in the custody industry due to several market factors, according to a new research note.Architect Partners first analyzed the Ripple-Metaco deal, writing that Ripple "seeks to transform the $156 trillion cross-border payment market, has initiatives focused on the emerging opportunity for Central Bank Digital Currencies (CBDCs) and has aspirations to allow the issuance and settlement of any type of tokenized asset as that market develops."
First Mover Americas: Bitcoin Rebounds Amid Optimism on Debt-Ceiling
This article originally appeared in First Mover, CoinDesk's daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day.Bitcoin is up on Thursday after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days.
Absence of Retail Investors Could Stand in the Way of Pepecoin's Rise to Top Meme Coin: Santiment
Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Retail traders were mostly absent from Pepecoin's (PEPE) stellar rise to $1.5 billion market cap in a few weeks, even as the token snagged billions of dollars in daily volumes and a host of copycats.
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
The Group of Seven (G-7) advanced economies must take the lead in implementing recommendations by the Financial Action Task Force (FATF) to combat illicit financial flows through crypto, the president of the global financial crimes watchdog said in a letter on Thursday.The strongly-worded message titled "An end to the lawless crypto space" was published ahead of a meeting of G-7 leaders in Hiroshima, Japan starting Friday.
Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs
Sage D. Young is a tech protocol reporter at CoinDesk.He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.Edited by Nick Baker.DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
Christopher R. Perkins serves as managing partner and president of CoinFund, a registered investment adviser with venture and liquid strategies.In any industry, standardization drives scale.Ethereum's transition last year to proof of stake (PoS) unlocked an exciting opportunity to create a benchmark that tracks staking yields, which could serve as the basis for financial products that track this rate.