The ominous-sounding technical price pattern could again trap bears on the wrong side of the market as the Bank of Japan plays down chance of a near-term interest rate hike. Source
The investor protection fund is designed to “compensate users for losses incurred in extremely rare scenarios such as security breaches” and at the start it will hold nearly $6 million (INR 50 crore), which comes solely from “our profits,” Gupta said. Source
“He was so excited,” Eric Semler, the company’s chairman and son to Herbert Semler, said about his father’s reaction to this new investment strategy. Herbert’s father and Eric’s grandfather, Harry Semler, had seen gold as a great investment during his time, so he would’ve loved seeing the company invest in the “new gold,” Eric Semler told CoinDesk in an interview on Tuesday. Source
Most companies, especially big ones, have little choice other than to play by the rules, however arbitrary they might be. This is one of the reasons cryptocurrency adoption in many countries by consumers has far outpaced that by enterprises. Governments generally do not have the power to prosecute every consumer for every infraction. Exchanging your local currency for crypto or stablecoins may not be legal, but individuals can often fly beneath the radar. Businesses, however, have real-world assets, such as real estate and factories of immense value, that can be…
After a very tight victory last week in Arizona that’s now facing a recount, the cryptocurrency industry’s political forces are shifting their attention toward some of the final U.S. congressional primaries of 2024, including Tuesday’s elections in Missouri and Washington state. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Walz has been the governor of Minnesota for five years, after previously serving in the U.S. House of Representatives. Prior to that, he was a schoolteacher and a non-commissioned officer in the Army National Guard. He does not appear to have made any public statements about cryptocurrencies during his tenure, though he did receive (and later return) a $4,000 donation from former FTX engineering director Nishad Singh in the 2022 election cycle. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Meanwhile, at least one large holder in both DJT and Shoggoth.ai, Shkreli’s other project, had been profiting when he was publicly backing the token. One large DJT holder sold nearly $830,000 worth of DJT from a wallet that held millions of dollars worth of SHOGGOTH tokens around June 19. Source
All those memecoins are likely a long way away from getting custody support on Anchorage, despite its expansion for SPL assets. It is only accepting a handful of assets initially including USDC, HNT, W, PYTH and MPLX. Anchorage will add more pending customer demand and due diligence reviews. Source