Kevin Reynolds
102 posts
Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and “cash equivalents,” as well as “other assets and receivables made by loans,” is actually backed in any way by […]
Twitter CEO Jack Dorsey took to (where else?) Twitter to ask the question “Was this correct?” regarding his company’s decision to ban U.S. President Donald Trump from the platform following last week’s attack on the Capitol. After that opening expression of doubt, he proceeded to answer that yes, it was. UPDATE (Jan. 14, 02:00 UTC): Adds more from Dorsey’s tweet thread and deplatforming context. Source link
Gary Gensler, a Washington and Wall Street veteran who has closely studied the cryptocurrency field, is expected to be named chairman of the U.S. Securities and Exchange Commission (SEC) in the next several days by President-elect Joe Biden, two sources familiar with the matter told Reuters on Wednesday. The story is developing and will be updated. Source link
The platform, which mainly caters to “social” or beginner traders, raised its required deposit level to $1,000 from $200. Source link
While a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money from the Grayscale Bitcoin Trust (GBTC), currently the only way for some on Wall Street to gain exposure to bitcoin, JPMorgan analysts wrote in a report. Source link
Morgan Stanley now owns 792,627 shares in the company best known for using its treasury funds to load up on bitcoin. Source link
The incredible ride that has been the price of bitcoin this year hit back-to-back milestones Wednesday as the leading cryptocurrency blasted past $36,000 for the first time ever, then a little over three hours later briefly crossed $37,000. UPDATE (Jan. 5, 20:23 UTC): Adds possible reason for bitcoin rally.UPDATE (Jan. 6, 00:05 UTC): Adds that bitcoin hit $37,000. Source link
Voyager said it will suspend trading in XRP, effective Monday, Jan. 18, at 12:00 p.m. New York time. Source link
The homepage of leading cryptocurrency exchange Coinbase is currently inaccessible, and the leading cryptocurrency exchange tweeted that it’s experiencing “connectivity issues” on both the website and mobile app. The story is developing and will be updated as more information is available. Source link
Cryptocurrency media and events platform CoinDesk, which owns this news service, Tuesday announced it has purchased TradeBlock, the world’s leading crypto index provider. With the purchase, CoinDesk said it’s positioned to be the leading source of crypto news, information and data for the rapidly growing sector which has seen a flood of interest and investment from financial companies. In the year just closed, the price of […]
The price of dogecoin has soared 150% since the start of the new year since an adult star tweeted that she’s been an investor since 2014. Source link
The native currency of the Ethereum network hit a nearly three-year high of $819.65 before settling back to $810. Source link
Following a torrid December in which the price of bitcoin rose $10,000, three days into the new year it’s up another $5,000. Source link
The folks over at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December. Source link
On Nov. 30, bitcoin breeched a nearly three-year high of $19,793. Since then the cryptocurrency has gained more than $10,000. Source link
While Bittrex gave no reason for the removals, exchanges around the world have been moving to delist coins that seek to hide the activity of their users. Source link
“I would expect to see bitcoin charge past $30,000 as we enter the new year,” said one market observer. Source link
Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations” of multiple sanctions programs. Source link
The Times’ data included pay details for most of Coinbase’s roughly 830 employees at the end of 2018. Source link
The crypto trading/investment management platform is also considering the possibility of a merger with a special purpose acquisition company. Source link
The U.S. Securities and Exchange Commission (SEC) said it obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies in connection with an alleged securities fraud relating to Virgil Capital’s flagship cryptocurrency trading fund, Virgil Sigma Fund LP. Source link
Nasdaq-listed Marathon Patent Group, one of the largest enterprise bitcoin mining companies in North America, said it’s entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners for $170 million, more than tripling the size of Marathon’s fleet. This story is developing and will be updated. Source link
After tearing through $27,000 for the first time ever only a few hours before, the price of bitcoin briefly surged past $28,000 Sunday morning as the leading cryptocurrency’s recent meteoric rise continues. BTC’s market value now exceeds $500 billion. Source link
CME Group’s recent announcement that it will launch ether (ETH) futures on Feb. 8, 2021, is the “writing on the wall” that institutions will being buying the cryptocurrency next year, according to a pair of tweets by Ryan Watkins, an analyst at crypto data provider Messari. Source link
After hitting $25,000 on Dec. 25 and $26,000 on Dec. 26, quite naturally the price of bitcoin (BTC) soared past $27,000 early on Dec. 27 as the leading cryptocurrency’s recent meteoric rise continues. Source link
A side effect of the Fed’s medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies. Source link