Cash News Coinbase CEO Brian Armstrong and billionaire Elon Musk have joined a growing list of notable figures endorsing pro-crypto attorney John Deaton in his bid to unseat Senator Elizabeth Warren as Massachusettsâs representative. On Oct. 21, Armstrong took to the social media platform X (formerly known as Twitter), urging crypto holders in Massachusetts to […]
Cash News Global regulators have intensified their efforts against Bitcoin, with researchers from the Federal Reserve Bank of Minneapolis and economists at the European Central Bank (ECB) making bold recommendations to âeliminateâ the leading crypto. Feds proposes Bitcoin ban On Oct. 17, researchers from the Federal Reserve Bank of Minneapolis released a paper suggesting that […]
Cash News BlackRock is reportedly in discussions with several centralized exchanges to allow its BUIDL fund to be used as collateral for derivatives trades As reported by Bloomberg on Oct. 18, people familiar with the matter shared that the move includes exchanges such as Binance, OKX, and Deribit. This move is part of a broader […]
Cash News After the Bitcoin halving took place in April, major Bitcoin miners have increasingly started choosing one of two strategies â either hodl the BTC they mine or gear up with artificial intelligence (AI). The BTC halving slashes the earings of miners by half every four years â a deflationary mechanism that also helps […]
Cash News Ripple said there are no surprises in the US Securities and Exchange Commissionâs (SEC) last-minute Civil Appeal Pre-argument statement (Form C) filing in their ongoing legal battle. On Oct. 17, the SEC took further steps to appeal specific elements of Judge Analisa Torresâs ruling in its case against Ripple by submitting the long-awaited […]
Cash News Kraken has introduced a new wrapped Bitcoin product, kBTC, to tap into the rapidly expanding sector, according to an Oct. 17 statement. kBTC is a fully-backed, cross-network-compatible ERC-20 token representing Bitcoin. Each kBTC is backed 1:1 by an equivalent amount of Bitcoin, stored securely in Krakenâs custody, with on-chain reserves available for public […]
Cash News The European Securities and Markets Authority (ESMA) has called on EU lawmakers to strengthen crypto regulations by mandating external cybersecurity audits for companies in the sector, the Financial Times reported on Oct. 16. This recommendation comes as the crypto industry faces an alarming increase in cyberattacks, which are putting consumer protections at risk. […]
Cash News Tesla, the electric vehicle leader, has transferred its entire Bitcoin (BTC) holdings, worth approximately $765 million, to a series of unidentified wallets, raising questions about the companyâs strategy toward crypto. According to Arkham Intelligence data, the transfers involved 11,500 Bitcoin that were moved over 26 distinct transactions to multiple new addresses. Despite the large-scale […]
Cash News Alex Thorn, head of research at Galaxy Digital, shared a âpolicy scorecardâ based on the US presidential candidatesâ stances toward the crypto industry. The card suggests that Vice President Kamala Harris winning the election has limited downside risk for the industry and would be more favorable than the current Biden regime. However, former US […]
Cash News Crypto-related investment products saw inflows of around $407 million, according to CoinSharesâ latest weekly report. CoinShares head of research James Butterfill said the strong inflows are likely driven more by political developments, particularly the upcoming US elections, rather than changes in monetary policy. According to Butterfill: âThis trend is evident in the fact that stronger-than-expected […]