Like DOGE, XRP Going Vertical Is a Good Indicator of Market Froth, BTC Price Peaks

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Crypto News

Crypto traders are used to seeing a price surge in non-serious cryptocurrencies such as dogecoin (DOGE) as a sign of market froth. Now it looks as though XRP, the payments-focused cryptocurrency, can also be used as an indicator for bull-market peaks in bitcoin (BTC). Unlike meme tokens like DOGE and shiba inu (SHIB), XRP has […]

U.S. House Stablecoin Bill Goes Live in Flurry of Crypto Activity on Capitol Hill

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Crypto News

The U.S. Congress’ opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the text of its version on Wednesday, following in the heels of a recent committee approval of its Senate counterpart. The House version, introduced by Rep. Bryan Steil, who leads the […]

Fidelity Investments Prepares to Unveil Its Own Stablecoin: FT

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Crypto News

Fidelity Investments is in advanced stages of developing its own stablecoin, the Financial Times reported on Wednesday. The Boston-based financial services giant plans for the token to serve as a form of digital cash, according to the report, which cites two people close to the matter. The token would form part of company’s strategy to […]

Bitcoin (BTC) to Become Treasury Asset at GameStop (GME)

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Crypto News

GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy. Alongside its fourth quarter earnings report, the company said its board unanimously approved adding bitcoin as a treasury reserve asset. CEO Ryan Cohen in early February got tongues wagging when he posted a picture of himself and […]

STRF or STRK? Comparing MSTR’s Sales of Preferred Stock

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Crypto News

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR), the U.S. company that’s made buying bitcoin (BTC) a key corporate policy, recently expanded its financial toolkit with the introduction of a second Series A perpetual preferred stock, adding to its growing line of capital market instruments. The company is selling […]

Massachusetts Regulator Probes Robinhood Over Prediction Markets Hub: Reuters

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Crypto News

Massachusetts’ top securities regulator has reportedly launched a probe into Robinhood over the popular trading platform’s recent decision to launch an in-app prediction markets hub that allows customers to bet on the outcome of events, including March Madness match-ups. According to a Monday report from Reuters, Massachusetts Secretary of State Bill Galvin — a notoriously […]

ETH Supply on Centralized Exchangea Hits 9-Year Low of 8.97M Tokens

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Crypto News

The number of ether (ETH) held in wallets tied to centralized exchanges has dropped to an over nine-year low of 8.97 million tokens, according to data tracked by CryptoRank and Santiment. That’s the lowest tally since November 2015. The continued exodus of coins from centralized trading platforms may result in reduced availability of coins in […]

South Korea Plans Sanctions Against BitMEX, KuCoin, Others: Report

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Crypto News

South Korean financial authorities are planning sanctions against crypto exchanges who are operating illegally in the country, business newspaper Hankyung reported on Friday. The Financial Intelligence Unit (FIU) classified a number of exchanges who are not registered as Virtual Asset Service Providers (VASPs) as targets for sanctions, according to the report. The exchanges targeted – […]

Fidelity Files for OnChain U.S. Treasury Fund, Joining the Asset Tokenization Race

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Crypto News

U.S.-based asset manager Fidelity Investments has filed paperwork to register a blockchain-based, tokenized version of its U.S. dollar money market fund, aiming to join the tokenized asset race. According to a Friday filing to the U.S. Securities and Exchange Commission (SEC), the company seeks to register an “OnChain” share class of its Fidelity Treasury Digital […]

The SEC Resets Its Crypto Relationship

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Crypto News

The U.S. Securities and Exchange Commission is looking to reset its relationship with the crypto industry, even before a permanent chair is confirmed by Congress. The latest effort was Friday’s roundtable, hosted at the SEC’s headquarters in Washington, D.C. and featuring a dozen attorneys representing different views and positions within the crypto industry. You’re reading […]

Coinbase Could Be Near Multi-Billion Dollar Deal for Deribit: Bloomberg

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Crypto News

Animal spirits in the crypto industry continue to be evident amid the eased regulatory stance of the Trump administration, with leading U.S. spot exchange Coinbase (COIN) in advanced acquisition talks with leading global derivatives exchange Deribit, reports Bloomberg. According to the story, the companies have notified Dubai regulators (where Deribit is licensed) about the discussions. […]

SEC ‘Earnest’ About Finding Workable Crypto Policy, Commissioners Say at Roundtable

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Crypto News

WASHINGTON, D.C. — The staff at the U.S. Securities and Exchange Commission has embraced the chance to finally work with the crypto industry to hash out policy for overseeing digital assets transactions, said Commissioner Hester Peirce, the head of the agency’s crypto task force. The securities regulator is ready “to seek earnestly to find a […]