Spanish police arrested five members of a suspected crypto fraud operation that allegedly laundered 460 million euros ($540 million) stolen from over 5,000 victims. The bust, carried out by Guarda Civil, the armed wing of the country’s law enforcement agencies, saw three arrests from searches in the Canary Islands and two in Madrid on June […]
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The ratio between the per-piece dollar price of bitcoin (BTC) and gold’s (XAU) per-ounce dollar-denominated price rose over 10% to 33.33 last week, registering its best performance in two months, according to data source TradingView. The double-digit gain, representing BTC’s […]
By Omkar Godbole (All times ET unless indicated otherwise) Just bet on the price movement, not the direction. That’s the message from a market maker as bitcoin (BTC) continues to bore traders with prices caught in crosswinds of continued ETF inflows and selling by long-term holders. Its solidity above $100,000 has sparked a meltdown in […]
Real-world asset tokenization firm Backed Finance is launching its tokenized stock offering on major crypto exchanges, and Solana (SOL)-based decentralized finance (DeFi) protocols, bringing equities like Apple, Amazon, and Microsoft and crypto-native platforms closer. The offering includes some 60 equity and ETF tokens that are available for trading around-the-clock, the company said on Monday. Crypto […]
The Bank of Korea (BOK) suspended its central bank digital currency project, Singaporean financial newspaper Business Times reported on Monday. The project had reached the stage of developing a pilot program with participating banks. The central bank told the banks it will pause discussions related to the initiative, according to the report, which cited an […]
Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month. June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their […]
Robinhood (HOOD) has introduced micro futures on bitcoin (BTC), solana (SOL) and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts. Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital. The contracts offer traders […]
XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market. One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions […]
Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin (BTC) for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC. The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in […]
The years-long legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to have finally come to an end, after Ripple Labs CEO Brad Garlinghouse announced Friday that the company plans to drop its cross-appeal in the case. “Ripple is dropping our cross appeal, and the SEC is expected to drop their […]
Bitvavo is the latest crypto exchange to receive a Markets in Crypto Assets License from the Dutch Authority for the Financial Markets (AFM) to operate across the 30 nations in the European Economic Area. Crypto companies have been applying for the licenses since the regulatory regime came into force in December last year. MiCA, which […]
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has begun offering tokenized stocks to customers in the European Union (EU), the firm announced on Friday. The rollout started with tokenized shares of Strategy (MSTR), known as the world’s largest corporate bitcoin BTC holder, with more stocks and exchange-traded funds (ETFs) to be added […]