Coinbase has changed its head of custody, potentially as a strategic decision for handling services related to spot Bitcoin ETFs. The departure of Aaron Schnarch, the former Chief Executive Officer of Coinbase Custody, marks a pivotal shift in the company’s leadership. Schnarch’s position has been filled by Rick Schonberg, who joined Coinbase in 2021 and brings experience from...
There’s been a noticeable uptick in trading cryptocurrency options and futures since Christmas, primarily driven by traditional financial institutions. This increase is largely in anticipation of a key decision by U.S. regulatory authorities regarding the approval or disapproval of exchange-traded funds (ETFs) focused on direct investments in Bitcoin. As reported by Bloomberg, recent data indicates that Bitcoin...
Singapore’s prime minister Lee Hsien Loong warned the public about a deepfake video, depicting him promoting a crypto scam ‘envisioned by Elon Musk.’ In an X post on Dec. 29, Singapore‘s prime minister Lee Hsien Loong has issued a public warning that addressed the emergence of deepfake videos depicting him promoting crypto scams with the help of artificial intelligence...
One of the largest cryptocurrency exchanges, OKX, announced delisting several trading pairs at once. According to the Dec. 29 announcement, OKX will delist stablecoin USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) trading pairs with several prominent privacy-focused cryptocurrencies, including Monero (XMR) and Dash (DASH). The delisting will take place on Jan. 4 and 5, 2024. The exact...
One of the standout performers in the crypto market this year has been Solana (CRYPTO: SOL), which is up almost 1,000% in 2023. On the strength of its recent performance, Solana has become the fifth-most valuable cryptocurrency in the world, and some analysts are even predicting that it could soon surpass Ethereum (CRYPTO: ETH) in terms of market cap. What's all...
Despite its nickname, Hump Day did not provide any impediment to the seemingly unstoppable cryptocurrency rally. A top crypto bull made a big move, and in response, his chosen coin's upward momentum continued. Unsurprisingly, investors in altcoins and crypto mining stocks eagerly followed suit. Mining sector bellwether Marathon Digital Holdings (NASDAQ: MARA) closed the day nearly 15% in positive...
(Bloomberg) -- MicroStrategy Inc., the enterprise software maker which has made buying Bitcoin as part of its corporate strategy, increased its total holdings of the cryptocurrency to more than $8 billion through additional purchases this month. Most Read from Bloomberg The Late-Night Email to Tim Cook That Set the Apple Watch Saga in Motion Chinese Carmaker...
As of Dec 27, the price of bitcoin (BTC) has gained 155.2% year to date after collapsing in November 2022 following the fall of FTX, the exchange founded by Sam Bankman-Fried. Ethereum (ETH) is up 86.1% in the same period. The crypto recovery in 2023 has been led by the possibility that the Securities and...
Net outflows from exchanges are often taken to represent investors' intention to hold coins for long-term. Onchain activity continues to support the bullish case in bitcoin. On Wednesday, just over 28,000 BTC worth $1.19 billion left centralized exchanges, the largest single-day outflow in BTC terms since Dec. 14, 2022, according to data tracked by blockchain analytics firm Glassnode. Net outflows...
Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant. In what is being described as a potential "sell the news" event, CryptoQuant said in a note to CoinDesk that trader's unrealized profits are currently lingering at a level that historically...
