The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
Blockchain Bites: Hodl Hodl’s No-KYC Bitcoin Lending, Voyager’s…
Hodl Hodl announced a P2P lending service, with no KYC requirements. Ant Group is continuing to research and release blockchain-based services. And what people are saying following PayPal’s crypto market entrance. Top shelf Bitcoin buysFollowing…
First Mover: The FOMO Takes Over as PayPal…
Bitcoin (BTC) was higher, following through on the upside after Wednesday’s 7.4% jump to a new 2020 high. It was the biggest single-day increase in almost three months. The surge past $12,000, with prices now…
Ledger wants to help MicroStrategy secure its $400m…
Ledger is mostly known for its consumer-facing hardware wallets, but since last year, a number of enterprises have also begun to use Ledger Vault, according to the company’s vice president of product, Jean-Michel Pailhon. This product…
Blockchain Bites: Bitcoin on Ethereum – The Whos,…
Since January, over $1.5 billion worth of bitcoin has been tokenized into ERC-20 tokens to use in the emerging decentralized finance (DeFi) ecosystem on Ethereum. These DeFi applications offer an increasingly large array of potential use cases for bitcoin…
Stacking Satoshis: Leveraging Defi Applications to Earn More…
As decentralized finance (defi) has become more popular, digital currency proponents are making money off of more than 140 yield-bearing cryptocurrencies. While most of the defi ecosystem revolves around the Ethereum network, a number of…
Crypto Long & Short: The OCC’s Stablecoin Statement…
An unsurprising statement from a financial regulator is sending some welcome signals that point to a spurt of innovation ahead. The U.S. Office of the Comptroller of the Currency (OCC) issued a statement earlier this…
Bitgo Plans to Launch Wrapped Bitcoin on the…
Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees. On September 24, Bitgo, the custodian of the Wrapped Bitcoin project (WBTC), the…
Supply of Tokenized Bitcoin on Ethereum Now Tops…
To the surprise of many, bitcoin (BTC) has been a breakout star in Ethereum’s decentralized finance (DeFi) moment. Taking the form of wrapped or tokenized bitcoin, the digital asset takes the best of both blockchains…
Bitcoin maximalists accused of shilling an SEC-cleared token
On August 24, INX launched a tokenized initial public offering or IPO which was cleared by the SEC. The company describes its mission as bringing "regulated digital asset opportunities to institutions and retail investors". The…
Onchain Data Shows $449M Worth of Bitcoin on…
Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May. On Sunday, August 16 there’s approximately 38,021 BTC on…
Bitcoin Exchanges Report Massive Withdrawals as Price Eyes…
The amount of Bitcoin tokens held across all cryptocurrency exchanges dropped dramatically earlier this week. Traders withdrew over 110,000 BTC on August 3 – a day after the BTC/USD rate plunged from $12,000 to as…
Copper develops new collateral management tool for OTC…
Copper, the London based digital asset infrastructure provider, today announced the expansion of its ClearLoop digital asset trading framework to include collateral management for crypto derivatives. This move will enable crypto derivatives to be traded…
Copper develops new collateral management tool for crypto…
Copper, the London based digital asset infrastructure provider, today announced the expansion of its ClearLoop digital asset trading framework to include collateral management for crypto derivatives. This move will enable crypto derivatives to be traded…
Crypto Long & Short: Where Fintech Ends and…
An interesting op-ed by Leah Callon-Butler in CoinDesk this week got me to change my mind about something pretty fundamental. She asked: “Is crypto fintech?” My instinctive answer was “no!” For me, fintech is technology…
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a…
New Crypterium Card VISA Edition to Enhance the…
Crypterium, a well-known cryptocurrency company and winner of the KPMG Fintech startup award has announced the launch of its new Crypterium Card VISA Edition. The latest card will be an alternative to the existing Crypterium…
Crypto Long & Short: Why the Twitter Hack…
Every year has a handful of days that you’ll never forget. Sometimes for great reasons, sometimes for awful ones, and sometimes because a level of noise and action coalesces into an awareness that something big…
Bitcoin: More Than an Inflation Hedge
In May, billionaire hedge fund manager Paul Tudor Jones of Tudor Investment Corp. announced in a letter to investors that his fund is buying bitcoin futures as a hedge against “The Great Monetary Inflation.” In…
3 Reasons Why Bloomberg Calling Bitcoin a ‘Resting…
Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand…
Messari: 1% Allocation From Institutions Could Drive BTC…
Messari’s Ryan Watkins has crunched the numbers and predicts that if institutions allocate just 1% of their portfolios to Bitcoin, then BTC’s market cap could rise to above $1 trillion, Watkins’ research sought to calculate…
DeFi Protocols Should Act More Like Fiduciaries
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. This week, I grapple with the concepts of financial…
DeFi Protocols Should Be Fiduciaries, Not Structured Product…
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. This week, I grapple with the concepts of financial…
11.4M Bitcoin Held As Long Term Investment
According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The company concluded that the breakdown…
11.4 M Bitcoin Held As Long Term Investment
According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The company concluded that the breakdown…
Blockchain Bites: COMP x2, Reddit Scales and Factom…
The COMP governance token is seeing massive gains (increasing more than 270% day over day, according to CoinDesk’s First Mover team), as well as potential listings on Coinbase Pro and CoinFlip, a crypto ATM network. This wild, retail-driven…
Crypto Long & Short: Cryptocurrency Markets May Be…
One underappreciated feature of crypto markets is the lack of centralization. I mean, people know crypto assets are decentralized and trade on exchanges all over the world. But what’s often overlooked is the relative ease…
First Mover: Cardano’s No Ethereum Killer Yet, But…
As Ethereum pushes slowly toward a new type of blockchain technology that some cryptocurrency experts predict could represent the future of decentralized finance, the upstart competitor Cardano is getting ready to go live. And Cardano’s digital token,…
Crypto Long & Short: Cryptocurrency Markets May Be…
One underappreciated feature of crypto markets is the lack of centralization. I mean, people know crypto assets are decentralized and trade on exchanges all over the world. But what’s often overlooked is the relative ease…
Blockchain Bites: CBDCs on Capitol Hill, Custody Battles…
Top shelf CBDCsThe House Financial Services Committee (FSC) Task Force on Financial Technology will convene Thursday to discuss digital currencies and other novel technologies. This includes a discussion on how FedAccounts and other digital tools…
Ethereum Has Become Bitcoin’s Top Off-Chain Destination
The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates. Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols,…
Leading Australian Regulated Micro-Investing App Adds Bitcoin Option…
Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio.…
Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement…
Cryptocurrency payroll service Bitwage has announced the launch of a Bitcoin 401 (k) plan, allowing companies to give their employees a BTC-based retirement plan. In a press statement, Bitwage, which claims to have tested the…
Crypto Custodian BitGo Joins Race to Provide Prime…
Crypto custodian BitGo is moving into the prime brokerage space, announcing a fully integrated suite of services Wednesday to serve institutional traders. The services will be offered by BitGo Prime, a new entity that will…
Blockchain Bites: Facebook’s Calibra Facelift and Tencent’s ‘New…
We’re happy to be back after a recharging long weekend. Let’s get to the news. India’s central bank has clarified its crypto stance, Tencent is looking to invest in “emerging technologies” including blockchain and Facebook’s…
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest…
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves,…
Crypto Long & Short: Innovation Cycles, Crypto Venture…
Famed Silicon Valley venture capital firm Andreessen Horowitz (a16z) stirred up some discussion last week by dividing crypto history into cycles that look something like this: The price goes up, which leads to new interest,…
Blockchain Bites: Iran and Russia Revisit Crypto Regulations,…
News 'Diet' Laszlo Hanyecz has the honor of conducting the first commercial Bitcoin transaction: trading 10,000 bitcoin for about $30 worth of pizza. Ten years later, those bitcoin would be worth $91 million. He apparently…
How Cross-Chain Composability is the Future of Decentralized…
Decentralized Finance, or DeFi, has been making strides in providing tools for users to take control of their own money and truly be their own bank. However, the assets that power this revolution exist primarily…
Institutional Interest in Bitcoin to Keep Rising After…
Having recently gone through the third halving, one of the most important events in the ecosystem, Bitcoin (BTC) continues to establish itself as a new asset class and a worthy contender to gold as a…
Three Recent Incidents that Prove Bitcoin is Better…
Bitcoin has beaten Gold in terms of returns on investments in its 11-year existence. Now the cryptocurrency is taking on the biggest hedging asset for its limitations in the 21st century. The Bitcoin market is…
Ripple Co-Founder Sold 54M XRP in April: ‘No…
A recent analysis of XRP wallets known to belong to Stellar and Ripple co-founder Jed McCaleb shows that he sold 54 million XRP tokens throughout the month of April–roughly 1.8 Million XRP a day. The…
Bitcoin Fungibility, Mixing and the Legal Limits on…
On February 13, 2020, Larry Harmon, of Akron, Ohio, was charged with three counts: (1) conspiracy to commit money laundering, (2) operating an unlicensed money transmitting business and (3) conducting money transmission without a DC…
For Square Crypto, the Way to Bitcoin Mass…
When Jack Dorsey founded Square in February 2009, Bitcoin was all of one month old. In fact, Satoshi Nakamoto and Dorsey were likely laying the groundwork for their respective creations concurrently in the year prior.…