Author: Coindesk
The head of Binance’s financial crime compliance was detained in the country along with another executive at the company, Nadeem Anjarwalla, back in February amid accusations by Nigeria’s government that Binance had helped process illegal funds worth billions of dollars and that it had manipulated the exchange rate for the Nigerian naira. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Benchmark raised its MicroStrategy price target to $1,875 from $990 while maintaining its buy rating. The new price target is based on the assumption that bitcoin will reach $150,000 by the end of 2025, up from $125,000 previously. MicroStrategy shares rose more than 11% to around $1,601 in trading before the official open of U.S. markets. Read the full article here
“From a qualitative perspective, I continue to believe paying a volatility premium for a highly predictable outcome (the BTC halving) isn’t worth a volatility event premium,” Greg Magadini, director of derivatives at Amberdata, said in a newsletter on Monday. Read the full article here
“If the breakout is bullish, which we suspect, bitcoin could climb above 80,000 during the next few weeks – if not earlier. Buying at $69,280 and setting a stop loss at $65,000 appears appropriate,” Markus Thielen, founder of 10X Research, said in a note sent to clients early Monday. Read the full article here
“We have close to a dozen of these token launches already planned and due to be announced in the coming days and weeks,” TokenFi developer B told CoinDesk in a release. “However, we envision a scenario in which some of these token sale events could be sold out in minutes, especially if open to the general public.” Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
In this competition, there are four distinct contests: regulatory effectiveness, founder depth, market size and capital market strength. As a former crypto regulator responsible for enhancing New York’s regulatory system and now a venture capital investor, I understand how difficult it is to win in all four of these categories, especially those outside of your direct control. Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
Most of bitcoin’s rally in 2024 roughly came from mid-February to mid-March. It was during this time that the spot ETFs were regularly adding 5,000-13,000 bitcoin each day, even with sizable selling by Grayscale’s GBTC. The action since, however, has seen big sales of bitcoin continuing at GBTC, while purchases into the other ETFs have slowed. On many days, net flows into the spot ETF group as a whole have turned negative. Read the full article here