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Crypto News
First Mover: Vaccine Won’t Come Fast Enough to Avoid More Stimulus
Bitcoin was higher, climbing back above $16,000 on Monday after dipping below the mark over the weekend. “Should we trade back above $16,490, then we expect to see the bulls take the market by the horns and drive prices to a $17,000…
China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks
As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say.On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been…
MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds
Borrowers can close debt positions on lending platform MakerDAO under the 150% collateral minimum with this one simple trick.A loophole in MakerDAO’s collateralized debt positions (CDPs) market, discovered by Israel-based startup…
SEC Chairman Jay Clayton Stepping Down at End of Year
U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton will leave his role at the end of this year.Announced in a press release Monday, Clayton led the U.S. regulator for 3.5 years and through what the SEC called a “period of…
Belarus Bank to Offer Bitcoin Purchases, With Litecoin and Ether Coming Soon
Belarusbank, one of the largest credit institutions in Belarus, has partnered with OTC broker White Bird to offer a bitcoin buying service, according to an announcement Monday. For now, purchases will be available via bank cards issued in…
Cory Doctorow: The Monopoly Web Is Already Here
Cory Doctorow doesn’t buy the hype. While many critics of Big Tech ascribe diabolical genius to the dominant internet firms of today, Doctorow sees a collection of mediocre sociopaths. This article is part of CoinDesk's "Internet…
Microsoft Marketing Exec Joins Blockchain Gaming Platform Enjin to Lead Enterprise Push
Blockchain gaming platform Enjin is launching a bid to attract more enterprise business, and it has hired an executive with two decades of experience at Microsoft to lead the effort.Announced Monday, Alex Solomon, whose last role at…
Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts
Bitcoin’s long-term bullish case may have gotten another boost as the global stockpile of negative-yielding bonds hits a new high.The value of the Global Negative-Yielding Debt Index from Bloomberg and Barclays is now at a record level of…
The SEC Is Still Working Out What ‘Qualified Custodian’ Means for Crypto
The U.S. Securities and Exchange Commission (SEC) is once again asking about qualified custodians and how crypto custody fits into this regulatory framework.Last month, the Wyoming Division of Banking granted a no-action letter to Two…
Fidelity’s Crypto Arm Responds to 6 Common Bitcoin Criticisms
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has responded to some of bitcoin’s most frequent criticisms, suggesting clarity is needed amid heightened interest in the cryptocurrency.In a blog post on Thursday, Director of…
