Bitcoin Brokerage River Financial Raises $17M: SEC Filings

Bitcoin Brokerage River Financial Raises $17M: SEC Filings
River Financial's equity sale comes as the high-end brokerage embarks on a major hiring push.

Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here?

Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here?
The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.

Money Reimagined: Tucker Carlson Is Right About Financial Privacy

Money Reimagined: Tucker Carlson Is Right About Financial Privacy
Say what you will about the Fox News host, but he deserves credit for highlighting Bank of America’s transaction snooping, writes Marc Hochstein.

The Business of Art and How NFTs Will Change It, With Nanne Dekking

The Business of Art and How NFTs Will Change It, With Nanne Dekking
With big brands like Christie’s auction house and the National Basketball Association getting involved and some tokens already selling for six-figure sums, the question isn't if NFTs will force a very old industry to adopt some very new practices, it's when.

Why Everyone Wants an Invite to Clubhouse Crypto

Why Everyone Wants an Invite to Clubhouse Crypto
The 11-month old audio app is the latest vector for crypto adoption – memes and all. Here's why everyone wants in.

Bitcoin Is Worth $1T and OKCoin Delists BCH and BSV

Bitcoin Is Worth $1T and OKCoin Delists BCH and BSV
Bitcoin, now worth more than most U.S. corporations, first reached "dollar parity" 10 years ago.

Austrian Regulator Reports Rise in Crypto Fraud

Austrian Regulator Reports Rise in Crypto Fraud
The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products.

Bitcoin’s Price Surge Accelerates After Passing Milestone of $1T Market Value

Bitcoin’s Price Surge Accelerates After Passing Milestone of $1T Market Value
The price could go higher, unless traders start taking profits.

Bitcoin News Roundup for Feb. 19, 2021

Bitcoin News Roundup for Feb. 19, 2021
With the market cap of bitcoin breaking above $1T for the first time plus a look at the emerging asset class known as NFTs, CoinDesk’s Market Daily is back with the latest news roundup.

Ethereum Core Developers Eye Mid-April for ‘Berlin’ Hard Fork

Ethereum Core Developers Eye Mid-April for ‘Berlin’ Hard Fork
The hard fork will facilitate live swapping Ethereum from a proof-of-work to a proof-of-stake blockchain.

MicroStrategy Raises $1.05B in Latest Debt-for-Bitcoin Offering

MicroStrategy Raises $1.05B in Latest Debt-for-Bitcoin Offering
MicroStrategy's business strategy is to buy as much bitcoin as it possibly can.

Bitcoin Market Value Tops $1T as Price Passes $53,697

Bitcoin Market Value Tops $1T as Price Passes $53,697
A year ago, bitcoin's market value was $178 billion.

First Mover: Bitcoin Meets ‘Torrent’ as Lowly Binance Coin Gets $40B Valuation

First Mover: Bitcoin Meets ‘Torrent’ as Lowly Binance Coin Gets $40B Valuation
Cryptocurrency exchange Binance's in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum's ether.

OKCoin Delists Bitcoin Cash, Bitcoin SV to Avoid ‘Misleading’ New Bitcoin Clients

OKCoin Delists Bitcoin Cash, Bitcoin SV to Avoid ‘Misleading’ New Bitcoin Clients
It became a choice between protecting Bitcoin’s open-source ethos or championing free-market fundamentals. In the end, community won out.

Even Skeptics May Need to Consider Crypto Exposure: WSJ’s Heard on the Street

Even Skeptics May Need to Consider Crypto Exposure: WSJ’s Heard on the Street
Cryptocurrency's viability as an investment may not be in its value as an asset but in the way the financial world is evolving because of it.

A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says

A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says
"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says.

Second Canadian Bitcoin ETF Begins Trading on TSX Today

Second Canadian Bitcoin ETF Begins Trading on TSX Today
This is the second bitcoin ETF approved to trade in Canada.

Kiss’ Gene Simmons Buys $300,000 Worth of Cardano

Kiss’ Gene Simmons Buys $300,000 Worth of Cardano
The Kiss bassist and frontman says he believes in Cardano because of its affordability compared with other cryptocurrencies.

Volvo Owner Geely and Concordium in JV to Offer Blockchain Services, Apps in China

Volvo Owner Geely and Concordium in JV to Offer Blockchain Services, Apps in China
Geely will own 80% of the venture while Concordium will own the rest.

New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation

New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation
State regulation of crypto ATMs is poor and federal laws aren't much better, the commission said in a report.

Bitcoin News Roundup for Feb. 18, 2021

Bitcoin News Roundup for Feb. 18, 2021
With the both of the top two cryptocurrencies setting new record high prices plus a look at what dogecoin says about our world, CoinDesk’s Market Daily is back with the latest news roundup.

What Happens if All Stablecoin Users Have to Be Identified?

What Happens if All Stablecoin Users Have to Be Identified?
If the U.S. reins in pseudonymity in stablecoin transactions (as seems possible) there could be big implications for the crypto industry, says our columnist.

BitPay to Pay $500K to Settle OFAC Sanction Violation Charges

BitPay to Pay $500K to Settle OFAC Sanction Violation Charges
BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations.

Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining

Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining
Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners.

Bill Gates Says He’s ‘Neutral’ on Bitcoin

Bill Gates Says He’s ‘Neutral’ on Bitcoin
Gates has previously criticized cryptocurrencies and said he'd short bitcoin "if there was an easy way to do it."

Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’

Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’
“Web 3 developers should be building on open protocols,” NFX General Partner Morgan Beller said of Radicle, a platform for crypto-native code collaboration.

First Mover: Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900

First Mover: Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900
The $8.7 trillion-asset BlackRock is "dabbling" in cryptocurrencies – becoming the norm as bitcoin and ether rally to all-time high prices.

Bitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach

Bitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach
Gundlach has previously said, "I don't believe in bitcoin."

‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule

‘Evil VASP’ Simulation Preps Crypto Exchanges for FATF Travel Rule
Backed by CipherTrace, TRISA looks to get virtual asset service providers (VASPs) ready for new anti-money laundering rules.

Russia’s Digital Ruble Model to Get Bank-Friendly Redesign

Russia’s Digital Ruble Model to Get Bank-Friendly Redesign
Banks had feared being drained of liquidity under the original concept for the digital currency.

No, Bitcoin Is Nothing Like the South Sea Bubble

No, Bitcoin Is Nothing Like the South Sea Bubble
Those who compare Bitcoin to the great bubbles of the past need to check the historical books. This moment is very different.

Safello Partnership Enables Direct Crypto Purchases From Users’ Bank Accounts

Safello Partnership Enables Direct Crypto Purchases From Users’ Bank Accounts
A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe.

How Crypto Transforms Prediction Markets

How Crypto Transforms Prediction Markets
Betting can be used to predict the future. That's the crazy idea behind prediction markets. Here's how they work and where cryptocurrency fits into the picture.

Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims

Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims
BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm.

Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments

Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.

Ether Looks Overleveraged as Cryptocurrency Hits New High Over $1,900

Ether Looks Overleveraged as Cryptocurrency Hits New High Over $1,900
Ether's derivative market looks overheating amid the cryptocurrency's rally to new record highs.

Top Auction House Christie’s to Accept Ether Cryptocurrency for Digital Art Sale

Top Auction House Christie’s to Accept Ether Cryptocurrency for Digital Art Sale
The sale gives Christie's a chance to "dip its toes" in crypto, said a New York representative.

Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police

Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.

Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot

Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot
Urban Tea has hired two new executives ahead of its expansion into cryptocurrency mining.

How Staking and Eth 2.0 Makes the Ethereum Economy More “Sustainable”

How Staking and Eth 2.0 Makes the Ethereum Economy More “Sustainable”
In this episode, Christine Kim and Will Foxley discuss with David Hoffman, the co-founder of Bankless, the market implications of a dual Ethereum blockchain and what new realities staking presents to the long-term value proposition of ether.

Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin

Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.

Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum

Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum
SBI's digital assets subsidiary will lead a round that will have raised around $30 million for the Swiss firm over six months.

US Lawmakers Looking Into China’s Role in GameStop Pump: Report

US Lawmakers Looking Into China’s Role in GameStop Pump: Report
Some Republican members of the House Financial Services Committee want to look into Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo.

Bitcoin News Roundup for Feb. 17, 2021

Bitcoin News Roundup for Feb. 17, 2021
With BTC surpassing $51K and analysts remaining bullish on the price, CoinDesk’s Market Daily is back with the latest news roundup.

Russia’s Crypto Tax Bill Passes First Reading at State Duma

Russia’s Crypto Tax Bill Passes First Reading at State Duma
The bill proposes to recognize cryptocurrency as property for purposes of taxation.

DJ 3LAU to Auction Full Album Tokenized on Ethereum Blockchain

DJ 3LAU to Auction Full Album Tokenized on Ethereum Blockchain
3LAU is partnering with blockchain platform Origin to launch an auction for the Ultraviolet Vinyl NFT Collection.

Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas

Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas
The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.

Coinbase Hires Former Stripe Exec as Chief Compliance Officer

Coinbase Hires Former Stripe Exec as Chief Compliance Officer
Melissa Strait will take charge of Coinbase's compliance initiatives ahead of its planned public listing.

Why the US Needs Bitcoin

Why the US Needs Bitcoin
Elon Musk and other VIPs have endorsed it. Here's why the Federal Reserve should seriously consider BTC for its balance sheet.

First Mover: What’s Next After Bitcoin Hits $50K? Another $1K Gain

First Mover: What’s Next After Bitcoin Hits $50K? Another $1K Gain
Analysts are still mostly bullish on the cryptocurrency's price, even at lofty levels compared with those just a few months ago.