Cryptocurrency Analysis and News Portal
Blackrock Inc.’s head of digital assets, Robert Mitchnick, recently shared his thoughts on bitcoin during a conversation with Yahoo Finance. Mitchnick stated that he doesn’t consider bitcoin to be a “risk-on asset.” His remarks coincided with the debut of Blackrock’s Ishares bitcoin exchange-traded fund (ETF) options on Nasdaq, signaling a
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Bybit, Bitget and OKX, three of the largest cryptocurrency exchanges, all prohibit traders from the U.S., where the companies are not licensed. Yet in August, the three exchanges combined had almost a million monthly active users (MAUs) in the U.S., according to research by Sensor Tower obtained by CoinDesk. Source
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Futures and options account for a huge amount of trading in traditional markets, but crypto derivatives are disproportionately small, CEO James Davies, a co-founder of the company, said. Large centralized exchanges historically opted for payments licenses, which didn’t allow for derivatives trading, though a gap in the regulations regarding perpetuals
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On April 2, 1870, two years before the 1872 U.S. presidential election, a letter to the editor of the New York Herald appeared in its pages, announcing a campaign for the presidency against incumbent Ulysses S. Grant. The letter was signed by Victoria Woodhull.Woodhull, who had been born poor in
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President Trump’s Trump Media and Technology Group (TMTG) is reportedly in advanced talks to acquire Bakkt, a cryptocurrency trading venue owned by Intercontinental Exchange (ICE), in a potential all-share takeover, according to a report by the FT. With TMTG’s equity valuation at approximately $6 billion, the company is leveraging its
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"Gemini’s research into the French market shows its growing interest in digital assets, and a robust regulatory framework presents a unique opportunity to introduce our platform to the trading community and extend our presence in the European market over the coming months,” Gillian Lynch, Gemini’s CEO of U.K. and Europe,
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As such, Bakkt’s crypto custody business, which holds digital assets like bitcoin and ether, has struggled and will be excluded from the acquisition. The move comes amid a surge in crypto markets following Trump's victory, with bitcoin up over 30% in the past 30 days. Source
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Coinbase CEO Brian Armstrong wants to scrap income taxes entirely, dumping the 150,000-page tax code and shifting the chaos to businesses. Coinbase’s CEO Challenges America’s Tax Code Chaos With Controversial Idea Brian Armstrong, CEO of cryptocurrency exchange Coinbase (Nasdaq: COIN), has proposed a sweeping change to the U.S. tax system,
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A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange. Source
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The decrease of bitcoin’s supply on exchanges could lead to higher price volatility, market maturity, and increased influence from institutional investors. Bitcoin Investors Are Not Selling Anytime Soon Bitcoin has seen a significant decline in its supply on cryptocurrency exchanges, reaching its lowest level since November 2018. This trend indicates
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