A bipartisan group of representatives has written a letter to the SEC emphasizing “the need for regulated safekeeping services for cryptographic assets.”
Day: December 9, 2020
Bitwise Crypto Index Fund Provides New Way to Invest in Bitcoin
“The Fund,” which tracks the 10 largest cryptocurrencies, will allow investors to put their cash in crypto.
Silvergate Capital tanks as board member dumps shares
SI stock has plunged over 16% from its recent all-time high.
OKCoin to Airdrop Up to $1 Million of Free STX Cryptocurrency
OKCoin plans to be the first US exchange to list Blockstack’s STX tokens, which were initially sold to investors as securities in an SEC-qualified sale.
Congresspeople tell Treasury to back off of rumored self-hosted wallet ban
Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved.
Analyst: $500 Likely Remains a Macro Bottom for Ethereum as Uptrend Falters
Ethereum has been closely tracking the price action seen by Bitcoin and other major altcoins, but it has been able to dodge seeing any intense decline overnight Although it did plunge as low as $530, the cryptocurrency’s support at this level sparked a “V-shaped” recovery that allowed it to surge up towards the upper-$500 region […]
Fidelity to Offer Bitcoin-Backed Cash Loans via BlockFi
Bitcoin Dropped Below $18,000 This Morning—What’s Next?
Bitcoin has been trading within a reasonably defined range since suffering a decline this morning. Where will the digital currency’s price go next?
Morgan Stanley Exec Makes The Case for Bitcoin to Become Global Reserve Currency
In his latest opinion article, Ruchir Sharma, Morgan Stanley Investment Management’s chief global strategist has made the case for bitcoin becoming the world’s global reserve currency.
Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter
Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. According to a public document released Wednesday and dated Dec. 8, Paxos is seeking to create the Paxos National Trust, filing an application with the Office of the Comptroller of the Currency (OCC). It joins crypto payments firm […]