Author: btcadmin

After years in which crypto insiders desperately sought to get the attention of the U.S. Congress, the pro-digital-assets witnesses at the latest congressional hearing on stablecoins include a senior executive from the Bank of New York Mellon Corp. and a Davis Polk & Wardwell lawyer who spent his career representing Wall Street. As congressional momentum…

One of the foremost projects aiming to increase the speed of the Ethereum network is ramping up its work on the world’s original blockchain: Bitcoin. Ethereum layer-2 Starknet, in partnership with BTC wallet Xverse, is aiming to deliver a “full DeFi experience to Bitcoin users.” Story continues Xverse said it will “achieve Bitcoin’s DeFi take-off…

Robinhood’s (HOOD) crypto trading volumes took a steep hit in February, tumbling 29% from the previous month in a retail-trader-led decline that might carry a message for other platforms including Coinbase (COIN). The month-over-month drop to $14.4 billion outpaced declines in equities and options trading, which each fell 1%. Even so, the figure was more…

Bitcoin (BTC) held by Mt. Gox, the defunct crypto exchange that imploded in 2014, was on the move again on Tuesday following last week’s maneuver, a potential sign of resuming creditors payout after distributing crypto assets worth billions last year. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See…

“Is it safe?” For any crypto investors with any cash remaining, that’s the key question following the collapse in prices. 10X Research’s Markus Thielen had been correctly bearish headed into this latest downturn and he’s not yet ready to buy the dip. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the Crypto for Advisors Newsletter…

National securities exchange Cboe is asking the U.S. Securities and Exchange Commission (SEC) to allow staking in several spot ether (ETH) exchange-traded funds (ETFs), sending the price of token 2% higher over the past 24 hours. STORY CONTINUES BELOW Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters Sign me…

CORRECTION (March 11, 15:40 UTC): Removes incorrect figure from headline. The earlier version said Taproot Wizards was looking to raise around $34 million, based on the sale of 2,121 wizards at 0.2 BTC each. However, many buyers would pay only 0.1 BTC because of participation in the Quantum Cats sale of a year ago. An…

The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a “monumental endorsement” of the world’s largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin’s “legitimacy in the mold of humanity’s most historically prized asset: gold,” analysts Kevin Dede and Michael Donovan wrote. STORY CONTINUES BELOW Don’t…

Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC). The index follows specific rules: companies must hold a minimum of 1,000 BTC, with holdings weighted based on the amount of bitcoin owned. The largest holding is capped…

An Ethereum user saved several MakerDAO positions from the brink of a $360 million liquidation cascade on Tuesday, adding collateral at the final hour as the price of ETH tumbled. One of the positions had a liquidation price of $1,928, this was triggered alongside a market plunge during U.S. trading hours. The ETH was less…