Vice President Kamala Harris is cozying up to the cryptocurrency industry in the final stretch of the presidential campaign, embracing an industry scorned by progressives and giving hope to moderates who want her administration to take a more business-friendly approach to the economy. Progressive policy makers largely celebrated the economic approach of President Joe Biden, … Read more
Amongst the sea of American flags and ubiquitous blue signs at the Democratic National Convention in Chicago this week prowled Jonathan Padilla, the “crypto guy.” Wearing a baseball cap and conspicuous pineapple-print shirt, Padilla tramped the halls of the convention, talking crypto policy with anyone who would listen. In a selfie posted on Facebook, he … Read more
Donald Trump made a series of cryptocurrency-friendly policy commitments during a Bitcoin convention Washington: Former President Donald Trump has promised to make the US a “Bitcoin superpower” if returned to the White House and said that he will appoint an advisory council to design transparent regulatory guidance for the benefit of the entire industry. But … Read more
Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global stocks.The digital asset shed 2.5% to change hands at about $56,870 as of 9:25 a.m. Friday in Singapore, while smaller coins like Ether and XRP also nursed losses.Crypto speculators currently face a range … Read more
The proportion of Bitcoin traded over weekends has declined to an all-time low of 16% this year, according to cryptocurrency research firm Kaiko. The drop comes in the wake of the launch of spot Bitcoin exchange-traded-funds, which appears to have shifted the periods when Bitcoin is traded to be more in line with the schedule … Read more
Bitcoin’s rally to near a record high is reawakening animal spirits — not just in the cryptocurrency market itself, but in the broader financial world that had left the digital asset sector for dead last year. The change of heart can be seen in the improved outlook for deal flow, highlighted by Robinhood Markets Inc.’s … Read more
For enthusiasts of Bitcoin, a once-every-four-years software update called the “halving” has long been held as one of the keys to propping up its value. This time around, it’s also set to trigger multibillion-dollar declines in revenue for the very companies that ensure the digital currency’s smooth functioning, right on the heels of a surge … Read more
Bitcoin halving events have historically provided global investors with successive bullish momentum that have often resulted in all-time high levels. As the Bitcoin halving event in 2024 approaches on April 19, questions have been raised about whether the market will repeat itself once again or not. Investors are waiting eagerly for the appropriate moment to … Read more
Binance Holdings Ltd. has tightened requirements for listing new digital tokens, stepping up efforts to bolster investor protections on its platform. Crypto projects seeking to list tokens on Binance must now agree to a significantly longer so-called “cliff period” during which no coins can be sold, set aside more coins for market makers and make … Read more
Less than a month after the debut of spot Bitcoin exchange-traded funds, the asset managers offering the investment vehicles appear to be seeking ways to bolster their own profitability. Valkyrie Investments said Thursday that it’s retaining BitGo as a second custodian to help safeguard customer assets. Coinbase currently dominates the custody role for Bitcoin ETFs, … Read more
