The near-term outlook for bitcoin has dimmed, analysts say, with some now seeing a possible extension of Monday’s major price drop. “There could be another dump as outflows from…
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Taylor Monahan: The Year the Narrative Became the Truth – CoinDesk
The year 2020, as told by the Crypto Believers, will most certainly go down in history as the year the curtain was finally pulled back. For so long we…
India Mulls Imposing 18% Tax on Bitcoin Transactions – CoinDesk
The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the…
SEC Obtains Emergency Asset Freeze Against Virgil Capital – CoinDesk
The U.S. Securities and Exchange Commission (SEC) said it obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies in…
SEC Gives Broker-Dealers Room to Handle Crypto Securities – CoinDesk
The U.S. Securities and Exchange Commission (SEC) is showing signs it might budge on letting crypto custodians become regulated broker-dealers specifically for digital assets. The Commission announced Wednesday that…
SEC Makes FinHub a Stand-Alone Office – CoinDesk
The U.S. Securities and Exchange Commission’s (SEC) fintech hub is getting an upgrade. Strategic Hub for Innovation and Financial Technology, or FinHub for short, will become a stand-alone office…
Terra Brings 24-Hour Trading to Synthetic Versions of Stocks Like TSLA and AAPL – CoinDesk
The creators of stablecoin platform Terra announced the launch of the Mirror Protocol Thursday, a way to mint crypto assets that mimic the value of shares in publicly traded…
Stablecoins: the First Battleground of Crypto Regulation Wars – CoinDesk
The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry. On Wednesday, three…
Market Wrap: Bitcoin Hits $18.8K as Total Crypto Locked in DeFi Passes $14B – CoinDesk
The price of bitcoin hit new 2020 highs as the “alternative to gold” narrative increases. Meanwhile, smaller crypto tokens might be helping push DeFi to new heights. Bitcoin (BTC)…
BlackRock’s Chief Investment Officer Says Bitcoin Could Replace Gold to a Large Extent – CoinDesk
The chief decision maker for where BlackRock, the world’s largest asset manager, invests its funds said bitcoin could take the place of gold to a large extent because crypto…