Author: Coindesk
“The internet, in my opinion, is becoming the split internet, with walled gardens…People don’t go to web explorers; they go into apps,” he said in an interview with CoinDesk. “The internet’s evolution into silos shows a massive change in how web products are distributed, and DeFi needs to follow users into these spaces.” Read the full article here
Florida already holds about $800 million in crypto-related investments in its portfolio, but the state’s Chief Financial Officer Jimmy Patronis said he would “not be shocked to be able to see that growing under a Trump administration in the near future.” Read the full article here
For Binance, you need to prepare for about half a year just to get listed. The main tokens listed there are VC-backed, and their performance has been disappointing, often declining by 50% or more. If you bought a VC-backed coin at launch on Binance, you probably lost a lot of your investment. Read the full article here
The total OTC desk balance, however, has held pretty steady since the beginning of September. The 30-day change is just 3,000 BTC, down from a June high of 92,000 BTC. During the first quarter, the pent-up demand led to a negative 30-day change in OTC desk balances, which helped propel the asset to its record high. Read the full article here
Still, reduced operating expenses more than offset the revenue miss and contributed to a better adjusted Ebitda figure, said KBW, which has a market perform rating on the stock and a $165 price target. The analysts noted that retail trading volumes were higher than expected but were offset by a compression in the retail fee rate, adding that fourth-quarter commentary was also weak. Read the full article here
“The Archax strategy has always been to expand its regulatory footprint globally, with the EU region being of prime importance for us, post-Brexit,” Graham Rodford, CEO and co-founder of Archax, said in a release. “This acquisition expands and enhances our access to permissions within the EU region, building on those we hold with the FCA in the UK,” he added. Read the full article here
The goal of allowing greater utility is one of “critical” importance, according to Citrea. While BTC has served well as a form of digital gold, it risks being sidelined by users relying on intermediaries and external networks to provide scalability, Citrea said. Read the full article here
Not everyone is convinced, however. Quinn Thompson, founder of crypto hedge fund Lekker Capital, told CoinDesk that the U.S. election is only one facet of the current trading environment. Traders, he suggested, have also been looking at tech earnings, ongoing tensions between Iran and Israel and a sharp rise in U.K. gilt yields following the rollout of the government budget earlier this week. Read the full article here
Tether Investments, the group’s venture arm that manages Tether’s growing foray into energy, mining and artificial intelligence, had a net equity value of $7.7 billion, up from $6.2 billion in the previous quarter. It also disclosed owning 7,100 bitcoin (BTC) worth nearly $500 million, the company said in a blog post. Read the full article here
“MicroStrategy shareholders are a unique cohort. Typically, when shareholders get diluted, this is a bad thing,” said James Van Straten, senior analyst at CoinDesk. “However, as a MicroStrategy shareholder, I celebrate being diluted as I know MicroStrategy are going out and buying bitcoin, which increases the bitcoin per share as a company which is accretive for shareholder value.” Read the full article here