Crypto ETPs experience $1.4B in losses due to recent sell-offs of Bitcoin and Ether
Last week, the trend of inflows into cryptocurrency investment products took a sharp turn, experiencing notable outflows as prices for Bitcoin and ether declined. After a two-week inflow totaling $4.3 billion, the Global Crypto Exchange Trade Products (ETP) recorded a $1.43 billion outflow, as reported on Monday. The drop primarily affected Bitcoin, with its price […]
Sherrod Brown confronts a strengthened crypto industry in his effort to return to power
Former Senator Sherrod Brown (D-Ohio) has entered the race once again, fueled by his recent political experiences and a hefty financial backing. He announced his campaign for the Senate seat previously held by Senator John Husted (R-Ohio) on Monday, aiming to reclaim his position after losing it last fall. The crypto industry, which spent around […]
Bitcoin 401(k)s excite crypto investors but come with significant risks.
Trump Signs Executive Order on 401(k) Crypto Investments On August 7th, US President Donald Trump signed an executive order enabling the inclusion of cryptocurrencies in 401(k) retirement plans. The crypto sector is calling this a significant victory, but investment professionals caution that it brings considerable risks. The order, titled “Democratized access to alternative assets for […]
SBI Group and Chainlink collaborate to introduce crypto technology to finance in Asia.
Update (August 25, 3:50am UTC): This article includes new comments and details regarding SBI’s partnerships. The Japanese financial conglomerate SBI Group has teamed up with the blockchain Oracle Platform Chainlink to develop cryptographic tools for financial institutions in Asia. On Sunday, SBI noted that their collaboration with Chainlink emphasizes “the important use cases for Japan […]
Thomson heiress ended her friendship and harmed her best friend after investing $80M in a crypto deal based on a psychic’s suggestion, according to reports.
The heir of one of Canada’s richest families is taking legal action against her former best friend, stating that she’s lost everything and is now resorting to driving for Uber while representing herself in court. Taylor Thomson, 66, a member of the billionaire Thomson family, was once inseparable from Ashley Richardson, 47, a California mother. […]
Custodia Bank’s CEO cautions that traditional finance companies are about to experience their first crypto winter.
Concerns About Institutional Investors and Crypto Risk Management Caitlin Long, the CEO of Custodia Bank, has expressed concerns regarding institutional investors in the traditional financial sector. She believes they lack a modern risk tolerance model to effectively navigate the complexities of cryptocurrency, especially with a bear market potentially on the horizon. During her talk at […]
Crypto sentiment shifts back to Greed as Bitcoin and Ether rise following Fed speech
Crypto Market Shifts to “Greed” Amid Fed Commentary This past Saturday, cryptocurrency sentiment bounced back to “greed” as the market surged, sparked by dovish remarks from US Federal Reserve Chair Jerome Powell earlier in September, which ignited speculation regarding potential interest rate cuts. The crypto fear and greed index, a measure of overall sentiment in […]
IRS Crypto Team Leader Resigns as U.S. Tax Reforms Approaching for Digital Assets
IRS Digital Assets Head Departs Amid New Tax Regulations The leader of the IRS’s digital assets unit, Trish Turner, has stepped down from her role in the private sector, coinciding with the introduction of new tax policies expected to create significant work for agencies regarding cryptocurrencies. It’s unclear who will oversee the office following her […]
Crypto Surges as Fed Takes a Softer Stance: Implications for Ethereum, Solana, and Dogecoin
Simply put Fed Chairman Jerome Powell’s speech at Jackson Hole exceeded expectations, boosting stocks by 2% and positively impacting the crypto markets. Altcoins like Dogecoin and Solana outshined Bitcoin, indicating growing bullish sentiment. Ethereum has drawn significant attention as it approaches its all-time high from 2021. The crypto markets experienced a resurgence following comments from […]
Coinbase’s Strategy Head Highlights Crypto Stock Recovery as Bitcoin and Ethereum Rise
Simply put Stocks of cryptocurrency companies experienced a boost alongside digital currencies and major market indices. This spike was influenced by a speech from Federal Reserve Chair Jerome Powell, indicating potential interest rate cuts next month. Both Bitcoin and Ethereum saw increases in value last Friday, with Ethereum and altcoins leading the rise. The shares […]