Author: Coindesk

The 25-year-old has been missing since he was abducted along with three others from a condo in the city on June 21. The other abductees, two women and one man, were located by police hours later. In August, Joanie Lepage, 32, was charged with first-degree murder of Mirshahi and the abduction of Mirshahi and the three others. It is not known if her actions are linked to Mirshahi’s cryptocurrency ventures. Read the full article here

“This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets” Lucas Schweiger, Sygnum Digital Asset Research Manager and report author, said in the press release shared with CoinDesk. Read the full article here

It’s completely normal for such a pause to occur after a staggering $20,000 price surge in just a week, shattering previous lifetime peaks. Such pauses typically recharge bulls’ engines for the next leg higher and traders in the options market are positioning for a breakout to $110,000-$120,000, according to data shared by QCP Capital. Read the full article here

“Although Li committed this offense from outside the United States, he was not beyond the reach of the Justice Department,” Nicole M. Argentieri, head of the Justice Department’s criminal division, said in a statement. “Today’s plea reflects our ongoing commitment to working with our domestic and international partners to hold accountable anyone responsible for cryptocurrency investment fraud against U.S. victims — wherever the perpetrators are located.” Read the full article here

“This report highlights the importance of accountability, disclosing the allocation of our resources, and how they help advance Cardano as a public digital utility across a wide range of industries. We have 100+ employees working with institutions, businesses, regulators, and policymakers to solve societal and enterprise challenges in new ways across 25 countries.” Read the full article here

However, Republicans clinched it with the election of Juan Ciscomani in Arizona, giving the party enough seats for a majority. Republicans lead in a handful of other races as well as of press time, and may hold up to 222 seats if current results hold. The party is about to lose a few lawmakers, with Trump naming Representatives Matt Gaetz, Elise Stefanik and Mike Waltz to executive branch roles, meaning they’ll have to resign their seats. Gaetz, who Trump said would be his nominee for Attorney General, already sent his resignation letter “effective immediately.” Read the full article here

The Consumer Price Index (CPI) rose 0.2% in October versus forecasts for 0.2% and a 0.2% rise in September, according to a government report on Wednesday morning.. On a year-over-year basis, the CPI was higher by 2.6%, also matching forecasts even as it rose from 2.4% in September. Read the full article here

According to CF Benchmarks, traders are flocking to the $100,000 call option on the CME, a location favored by institutional investors, following the lead of their Deribit-based counterparts. A call option gives the purchaser the right, but not the obligation, to purchase the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market. Read the full article here

With this universe in mind, we examined how many tokens in the top 150, on any given day, outperformed bitcoin over the next year. At certain points in 2019 and 2020, it seems like beating bitcoin was easy, with many tokens beating it by a wide margin (north of 1000% over bitcoin’s own generally stellar return, on average). What’s more, it used to not require too much exploration out of the scale of market cap to find the tokens beating bitcoin, with an average market cap rank of the outperformers of ~30 pre-2020. Read the full article here

Trump 2.0 and the bipartisan, pro-crypto Congress will usher in a brave new world for the crypto industry. A regulatory environment that encourages innovation, rather than stifles it, will finally give the institutions the confidence to enter the market. And entrepreneurs, no longer shackled by the threat of regulatory sanction or personal liability, will be free to focus on building. The future could not be brighter. Read the full article here