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Citi analyst Tyler Radke lowered his recommendation on MicroStrategy to “sell” from “neutral,” warning investors in a Tuesday research note that the company’s recent bitcoin euphoria may be overextended, according to SeekingAlpha.Radke cited CEO Michael Saylor’s “disproportionate focus” on bitcoin as a potentially troubling trend for the business intelligence company.
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Several U.S. lawmakers are displeased by the Office of the Comptroller of the Currency and its focus on crypto and fintech during a pandemic-caused recession.Six members of Congress faulted the banking regulator’s stance on crypto custody and stablecoin services, as well as its plans to offer a fintech charter, in
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Bitcoin was higher, pushing toward the upper edge of its recent range between about $14,700 and $15,600.“The positive sentiment towards bitcoin has not gone away,” said Denis Vinokourov, head of research at crypto prime broker Bequant. In traditional markets, Asian shares tumbled, led by Alibaba and Tencent, as Chinese government issues regulations
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Median fees have spiked nearly 900% since Aug. 2. Source
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The Federal Reserve Chairman Jerome Powell made a shocking announcement during yesterday’s widely watched speech, in which he
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Read MoreThe ICO is re-opening the regulatory sandbox, its free service, designed to support organisations using personal data to develop innovative products and
Read MoreThe ICO is re-opening the regulatory sandbox, its free service, designed to support organisations using personal data to develop innovative products and
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Robinhood has announced plans to suspend the proposed launch of its trading app in the UK as it wants to focus on its business in the U.S.Robinhood recently announced plans to suspend the UK launch of its app. The company revealed its plan in an email sent to the almost
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Industry experts say Tether and Decentralized Finance tokens will play large roles in the future of Ethereum as the blockchain approaches its five-year anniversary on July 30.In a statement shared with Cryptox, Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex and Tether, said the Ethereum blockchain will “play a central
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