Author: Coindesk
U.S. crypto-related stocks looked set to start the week on a positive note after bitcoin (BTC) climbed through $72,000 for the first time since mid-March as its reward halving draws closer. Coinbase (COIN), the only U.S. traded crypto exchange, gained 4.9% in pre-market trading, MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund (IBIT), added around 6.5%. Bitcoin advanced 4.4% over 24 hours while the CoinDesk 20 Index, a measure of the broader crypto market, rose 4.1%. Other tokens rising on Monday included meme coins dogwifhat, which gained 18%, and pepe, which rose 10%.…
While Senators weigh the merits of Adeyemo’s important testimony, they should also weigh the consequences of more than five years of U.S. policy inaction in regulating the very wayward corners of the crypto industry that pose the greatest threats to consumers, markets and, indeed, national security. U.S. policymakers and regulators, from Treasury Secretary Janet Yellen, to Federal Reserve Chairman Jerome Powell (and Deputy Secretary Adeyemo), have all made calls for Congressional action. They focus particularly on dollar-denominated stablecoins, the crypto world’s digital thrift, much of which borrow the trust of the dollar, without being accountable to U.S. financial crime compliance…
The supply of Tether’s USDT and Circle’s USDC – the two largest stablecoins – expanded by nearly $10 billion combined over the past 30 days, 10x Research pointed out. Meanwhile, the supply of MakerDAO’s DAI and Hong Kong-based First Digital’s FDUSD, the third and fourth largest stablecoins, also expanded by 5%-10% in this period, CoinGecko data shows. Read the full article here
“I’m very optimistic. I think the macro trends, the big picture things like the ETFs, they’re driving, for the first time, real institutional money,” Garlinghouse said in an interview with CNBC. “You’re seeing that drives demand, and at the same time demand is increasing, supply is decreasing,” said Garlinghouse. Read the full article here
Business Resource Groups. To deepen our culture of inclusion in the workplace, we have 10 Business Resource Groups (BRG) across the company to connect more than 160,000 participating employees around common interests, as well as to foster networking and camaraderie. Groups welcome anyone — allies and those with shared affinities alike. For example, some of our largest BRGs are Access Ability (employees with disabilities and caregivers), Adelante (Hispanic and Latino employees), BOLD (Black employees), NextGen (early career professionals), PRIDE (LGBTQ+ employees) and Women on the Move.Women on the Move. At JPMorgan Chase, they sure are! Women represent 28% of our…
“Crypto is the future of finance, which also means it’s the future of crime,” Lee wrote in a Monday blog post on Chainalysis’ website. He added that each of the cases were “reflective of the fact that cryptocurrency is, at least in part, being used for a wide range of nefarious activities.” Read the full article here
Eigenlayer has captured the biggest mindshare, however. Over $56,000 is betting on whether the platform will release a token before June 30 on the general airdrop market, with a 66% probability. A separate market that ends on April 30 has attracted even more money—$63,000—but with just a 17% chance of an airdrop. Read the full article here
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